ACM RESEARCH INC-CLASS A (ACMR)
US00108J1097 - Common Stock
Overall ACMR gets a fundamental rating of 5 out of 10. We evaluated ACMR against 108 industry peers in the Semiconductors & Semiconductor Equipment industry. While ACMR is still in line with the averages on profitability rating, there are concerns on its financial health. ACMR is evaluated to be cheap and growing strongly. This does not happen too often!
1. Profitability
1.1 Basic Checks
In the past year ACMR was profitable.
In the past year ACMR had a positive cash flow from operations.
ACMR had positive earnings in each of the past 5 years.
ACMR had negative operating cash flow in 4 of the past 5 years.
1.2 Ratios
ACMR's Return On Assets of 5.03% is fine compared to the rest of the industry. ACMR outperforms 66.67% of its industry peers.
Looking at the Return On Equity, with a value of 10.16%, ACMR is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 8.48%, ACMR is in the better half of the industry, outperforming 76.85% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for ACMR is significantly below the industry average of 11.05%.
The last Return On Invested Capital (8.48%) for ACMR is above the 3 year average (5.41%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.03% | ||
| ROE | 10.16% | ||
| ROIC | 8.48% |
ROA(3y)3.99%
ROA(5y)5.23%
ROE(3y)7.16%
ROE(5y)10.85%
ROIC(3y)5.41%
ROIC(5y)6.12%
1.3 Margins
The Profit Margin of ACMR (12.38%) is better than 67.59% of its industry peers.
In the last couple of years the Profit Margin of ACMR has grown nicely.
Looking at the Operating Margin, with a value of 17.89%, ACMR is in the better half of the industry, outperforming 73.15% of the companies in the same industry.
ACMR's Operating Margin has improved in the last couple of years.
ACMR has a better Gross Margin (49.36%) than 63.89% of its industry peers.
ACMR's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 17.89% | ||
| PM (TTM) | 12.38% | ||
| GM | 49.36% |
OM growth 3Y7.77%
OM growth 5Y14.55%
PM growth 3Y4.93%
PM growth 5Y9.41%
GM growth 3Y3.67%
GM growth 5Y1.44%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), ACMR is destroying value.
The number of shares outstanding for ACMR has been increased compared to 1 year ago.
Compared to 5 years ago, ACMR has more shares outstanding
ACMR has a better debt/assets ratio than last year.
2.2 Solvency
ACMR has an Altman-Z score of 2.20. This is not the best score and indicates that ACMR is in the grey zone with still only limited risk for bankruptcy at the moment.
ACMR has a Altman-Z score (2.20) which is comparable to the rest of the industry.
A Debt/Equity ratio of 0.16 indicates that ACMR is not too dependend on debt financing.
ACMR's Debt to Equity ratio of 0.16 is in line compared to the rest of the industry. ACMR outperforms 49.07% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.16 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 2.2 |
ROIC/WACC0.58
WACC14.5%
2.3 Liquidity
ACMR has a Current Ratio of 2.37. This indicates that ACMR is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 2.37, ACMR is doing worse than 63.89% of the companies in the same industry.
ACMR has a Quick Ratio of 1.34. This is a normal value and indicates that ACMR is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of ACMR (1.34) is worse than 75.93% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.37 | ||
| Quick Ratio | 1.34 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 53.24% over the past year.
ACMR shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 55.38% yearly.
ACMR shows a strong growth in Revenue. In the last year, the Revenue has grown by 46.98%.
ACMR shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 49.53% yearly.
EPS 1Y (TTM)53.24%
EPS 3Y63.93%
EPS 5Y55.38%
EPS Q2Q%10.53%
Revenue 1Y (TTM)46.98%
Revenue growth 3Y52.71%
Revenue growth 5Y49.53%
Sales Q2Q%21%
3.2 Future
Based on estimates for the next years, ACMR will show a small growth in Earnings Per Share. The EPS will grow by 5.94% on average per year.
Based on estimates for the next years, ACMR will show a very strong growth in Revenue. The Revenue will grow by 21.48% on average per year.
EPS Next Y18.5%
EPS Next 2Y10.04%
EPS Next 3Y5.94%
EPS Next 5YN/A
Revenue Next Year36.7%
Revenue Next 2Y29.58%
Revenue Next 3Y23.48%
Revenue Next 5Y21.48%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 9.00, the valuation of ACMR can be described as reasonable.
98.15% of the companies in the same industry are more expensive than ACMR, based on the Price/Earnings ratio.
ACMR is valuated cheaply when we compare the Price/Earnings ratio to 28.96, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 9.72, the valuation of ACMR can be described as reasonable.
Based on the Price/Forward Earnings ratio, ACMR is valued cheaper than 98.15% of the companies in the same industry.
ACMR's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 23.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9 | ||
| Fwd PE | 9.72 |
4.2 Price Multiples
93.52% of the companies in the same industry are more expensive than ACMR, based on the Enterprise Value to EBITDA ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 6.62 |
4.3 Compensation for Growth
ACMR's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of ACMR may justify a higher PE ratio.
PEG (NY)0.49
PEG (5Y)0.16
EPS Next 2Y10.04%
EPS Next 3Y5.94%
5. Dividend
5.1 Amount
No dividends for ACMR!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
ACM RESEARCH INC-CLASS A
NASDAQ:ACMR (11/21/2024, 8:10:37 PM)
Premarket: 19.05 -0.13 (-0.68%)19.18
+0.5 (+2.68%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap1.20B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
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Revenue beat(2)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
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Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9 | ||
| Fwd PE | 9.72 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.49
PEG (5Y)0.16
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.03% | ||
| ROE | 10.16% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 17.89% | ||
| PM (TTM) | 12.38% | ||
| GM | 49.36% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.41
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.16 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 2.37 | ||
| Quick Ratio | 1.34 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)53.24%
EPS 3Y63.93%
EPS 5Y
EPS Q2Q%
EPS Next Y18.5%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)46.98%
Revenue growth 3Y52.71%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y