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ULTRA CLEAN HOLDINGS INC (UCTT) Stock Fundamental Analysis

NASDAQ:UCTT - Nasdaq - US90385V1070 - Common Stock - Currency: USD

20.17  +1.52 (+8.15%)

After market: 19.7 -0.47 (-2.33%)

Fundamental Rating

5

Overall UCTT gets a fundamental rating of 5 out of 10. We evaluated UCTT against 109 industry peers in the Semiconductors & Semiconductor Equipment industry. While UCTT is still in line with the averages on profitability rating, there are concerns on its financial health. UCTT is evaluated to be cheap and growing strongly. This does not happen too often!


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

UCTT had positive earnings in the past year.
UCTT had a positive operating cash flow in the past year.
Of the past 5 years UCTT 4 years were profitable.
UCTT had a positive operating cash flow in each of the past 5 years.
UCTT Yearly Net Income VS EBIT VS OCF VS FCFUCTT Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M -50M 100M 150M 200M

1.2 Ratios

Looking at the Return On Assets, with a value of 1.49%, UCTT is in line with its industry, outperforming 51.38% of the companies in the same industry.
The Return On Equity of UCTT (3.22%) is comparable to the rest of the industry.
The Return On Invested Capital of UCTT (4.40%) is better than 62.39% of its industry peers.
The Average Return On Invested Capital over the past 3 years for UCTT is significantly below the industry average of 11.32%.
Industry RankSector Rank
ROA 1.49%
ROE 3.22%
ROIC 4.4%
ROA(3y)0.54%
ROA(5y)2.91%
ROE(3y)1.19%
ROE(5y)6.44%
ROIC(3y)5.52%
ROIC(5y)7.36%
UCTT Yearly ROA, ROE, ROICUCTT Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 20

1.3 Margins

UCTT has a Profit Margin (1.31%) which is in line with its industry peers.
UCTT's Profit Margin has declined in the last couple of years.
UCTT's Operating Margin of 4.11% is in line compared to the rest of the industry. UCTT outperforms 52.29% of its industry peers.
UCTT's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 16.73%, UCTT is doing worse than 79.82% of the companies in the same industry.
UCTT's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 4.11%
PM (TTM) 1.31%
GM 16.73%
OM growth 3Y-20.77%
OM growth 5Y7.6%
PM growth 3Y-41.65%
PM growth 5YN/A
GM growth 3Y-6.02%
GM growth 5Y-1.65%
UCTT Yearly Profit, Operating, Gross MarginsUCTT Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 10 15 20

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3

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), UCTT is destroying value.
UCTT has more shares outstanding than it did 1 year ago.
The number of shares outstanding for UCTT has been increased compared to 5 years ago.
Compared to 1 year ago, UCTT has about the same debt to assets ratio.
UCTT Yearly Shares OutstandingUCTT Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M
UCTT Yearly Total Debt VS Total AssetsUCTT Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B

2.2 Solvency

UCTT has an Altman-Z score of 2.45. This is not the best score and indicates that UCTT is in the grey zone with still only limited risk for bankruptcy at the moment.
With a Altman-Z score value of 2.45, UCTT perfoms like the industry average, outperforming 40.37% of the companies in the same industry.
UCTT has a debt to FCF ratio of 18.86. This is a negative value and a sign of low solvency as UCTT would need 18.86 years to pay back of all of its debts.
With a Debt to FCF ratio value of 18.86, UCTT perfoms like the industry average, outperforming 46.79% of the companies in the same industry.
A Debt/Equity ratio of 0.54 indicates that UCTT is somewhat dependend on debt financing.
UCTT has a Debt to Equity ratio of 0.54. This is in the lower half of the industry: UCTT underperforms 74.31% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.54
Debt/FCF 18.86
Altman-Z 2.45
ROIC/WACC0.44
WACC9.94%
UCTT Yearly LT Debt VS Equity VS FCFUCTT Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M 400M 600M 800M

2.3 Liquidity

UCTT has a Current Ratio of 3.03. This indicates that UCTT is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 3.03, UCTT is in line with its industry, outperforming 48.62% of the companies in the same industry.
A Quick Ratio of 1.83 indicates that UCTT should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.83, UCTT is doing worse than 63.30% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 3.03
Quick Ratio 1.83
UCTT Yearly Current Assets VS Current LiabilitesUCTT Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

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8

3. Growth

3.1 Past

UCTT shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 121.21%, which is quite impressive.
UCTT shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 8.60% yearly.
The Revenue has grown by 20.21% in the past year. This is a very strong growth!
UCTT shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 14.49% yearly.
EPS 1Y (TTM)121.21%
EPS 3Y-29.85%
EPS 5Y8.6%
EPS Q2Q%3.7%
Revenue 1Y (TTM)20.21%
Revenue growth 3Y-0.06%
Revenue growth 5Y14.49%
Sales Q2Q%8.56%

3.2 Future

Based on estimates for the next years, UCTT will show a very strong growth in Earnings Per Share. The EPS will grow by 33.99% on average per year.
The Revenue is expected to grow by 10.33% on average over the next years. This is quite good.
EPS Next Y21.87%
EPS Next 2Y47.2%
EPS Next 3Y4.67%
EPS Next 5Y33.99%
Revenue Next Year3.14%
Revenue Next 2Y4.15%
Revenue Next 3Y2.91%
Revenue Next 5Y10.33%

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
UCTT Yearly Revenue VS EstimatesUCTT Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 1B 2B 3B
UCTT Yearly EPS VS EstimatesUCTT Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2 4 6

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7

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 13.82, which indicates a correct valuation of UCTT.
Based on the Price/Earnings ratio, UCTT is valued cheaply inside the industry as 85.32% of the companies are valued more expensively.
UCTT's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.22.
Based on the Price/Forward Earnings ratio of 6.42, the valuation of UCTT can be described as very cheap.
Based on the Price/Forward Earnings ratio, UCTT is valued cheaper than 99.08% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 20.86. UCTT is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 13.82
Fwd PE 6.42
UCTT Price Earnings VS Forward Price EarningsUCTT Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of UCTT indicates a rather cheap valuation: UCTT is cheaper than 91.74% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, UCTT is valued a bit cheaper than the industry average as 68.81% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 35.71
EV/EBITDA 6.14
UCTT Per share dataUCTT EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

4.3 Compensation for Growth

UCTT's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.63
PEG (5Y)1.61
EPS Next 2Y47.2%
EPS Next 3Y4.67%

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0

5. Dividend

5.1 Amount

No dividends for UCTT!.
Industry RankSector Rank
Dividend Yield N/A

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ULTRA CLEAN HOLDINGS INC

NASDAQ:UCTT (5/2/2025, 8:26:52 PM)

After market: 19.7 -0.47 (-2.33%)

20.17

+1.52 (+8.15%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)04-28 2025-04-28/amc
Earnings (Next)07-23 2025-07-23/amc
Inst Owners95.22%
Inst Owner Change0.09%
Ins Owners1.24%
Ins Owner Change0.92%
Market Cap910.68M
Analysts84
Price Target41.31 (104.81%)
Short Float %3.01%
Short Ratio2.08
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.26%
Min EPS beat(2)-12.16%
Max EPS beat(2)12.68%
EPS beat(4)3
Avg EPS beat(4)6.72%
Min EPS beat(4)-12.16%
Max EPS beat(4)22.07%
EPS beat(8)5
Avg EPS beat(8)11.4%
EPS beat(12)6
Avg EPS beat(12)6.71%
EPS beat(16)8
Avg EPS beat(16)4.91%
Revenue beat(2)0
Avg Revenue beat(2)-2.3%
Min Revenue beat(2)-3.36%
Max Revenue beat(2)-1.24%
Revenue beat(4)2
Avg Revenue beat(4)0.34%
Min Revenue beat(4)-3.36%
Max Revenue beat(4)3.25%
Revenue beat(8)3
Avg Revenue beat(8)-0.76%
Revenue beat(12)6
Avg Revenue beat(12)-0.33%
Revenue beat(16)7
Avg Revenue beat(16)-0.41%
PT rev (1m)-15.62%
PT rev (3m)-29.87%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-43.66%
EPS NY rev (1m)-9.06%
EPS NY rev (3m)-37.36%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-7%
Revenue NY rev (1m)-2.09%
Revenue NY rev (3m)-7.52%
Valuation
Industry RankSector Rank
PE 13.82
Fwd PE 6.42
P/S 0.43
P/FCF 35.71
P/OCF 10.92
P/B 1.04
P/tB 2.12
EV/EBITDA 6.14
EPS(TTM)1.46
EY7.24%
EPS(NY)3.14
Fwd EY15.58%
FCF(TTM)0.56
FCFY2.8%
OCF(TTM)1.85
OCFY9.16%
SpS47.36
BVpS19.31
TBVpS9.5
PEG (NY)0.63
PEG (5Y)1.61
Profitability
Industry RankSector Rank
ROA 1.49%
ROE 3.22%
ROCE 5.57%
ROIC 4.4%
ROICexc 5.51%
ROICexgc 8.5%
OM 4.11%
PM (TTM) 1.31%
GM 16.73%
FCFM 1.19%
ROA(3y)0.54%
ROA(5y)2.91%
ROE(3y)1.19%
ROE(5y)6.44%
ROIC(3y)5.52%
ROIC(5y)7.36%
ROICexc(3y)7.05%
ROICexc(5y)9.7%
ROICexgc(3y)11.03%
ROICexgc(5y)17.01%
ROCE(3y)6.99%
ROCE(5y)9.32%
ROICexcg growth 3Y-29.69%
ROICexcg growth 5Y0.39%
ROICexc growth 3Y-24.76%
ROICexc growth 5Y7.61%
OM growth 3Y-20.77%
OM growth 5Y7.6%
PM growth 3Y-41.65%
PM growth 5YN/A
GM growth 3Y-6.02%
GM growth 5Y-1.65%
F-Score7
Asset Turnover1.13
Health
Industry RankSector Rank
Debt/Equity 0.54
Debt/FCF 18.86
Debt/EBITDA 2.87
Cap/Depr 76.28%
Cap/Sales 2.71%
Interest Coverage 250
Cash Conversion 50.92%
Profit Quality 90.75%
Current Ratio 3.03
Quick Ratio 1.83
Altman-Z 2.45
F-Score7
WACC9.94%
ROIC/WACC0.44
Cap/Depr(3y)117.55%
Cap/Depr(5y)104.35%
Cap/Sales(3y)3.87%
Cap/Sales(5y)3.41%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)121.21%
EPS 3Y-29.85%
EPS 5Y8.6%
EPS Q2Q%3.7%
EPS Next Y21.87%
EPS Next 2Y47.2%
EPS Next 3Y4.67%
EPS Next 5Y33.99%
Revenue 1Y (TTM)20.21%
Revenue growth 3Y-0.06%
Revenue growth 5Y14.49%
Sales Q2Q%8.56%
Revenue Next Year3.14%
Revenue Next 2Y4.15%
Revenue Next 3Y2.91%
Revenue Next 5Y10.33%
EBIT growth 1Y96.21%
EBIT growth 3Y-20.82%
EBIT growth 5Y23.19%
EBIT Next Year39.09%
EBIT Next 3Y17.94%
EBIT Next 5Y27.41%
FCF growth 1Y-41.51%
FCF growth 3Y-78.56%
FCF growth 5Y-56.35%
OCF growth 1Y-41.51%
OCF growth 3Y-32.53%
OCF growth 5Y-11.69%