View ValuationThis company has been acquiredThe company may no longer be operating, as it has been acquired. Find out why through their latest events.See Latest EventsCMC Materials 향후 성장Future 기준 점검 0/6핵심 정보n/a이익 성장률n/aEPS 성장률Semiconductor 이익 성장25.4%매출 성장률2.8%향후 자기자본이익률n/a애널리스트 커버리지Low마지막 업데이트n/a최근 향후 성장 업데이트Price Target Changed • Jan 27Price target increased to US$181Up from US$167, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of US$176. The company is forecast to post earnings per share of US$7.40 next year compared to a net loss per share of US$2.35 last year.Price Target Changed • Aug 06Price target decreased to US$164Down from US$177, the current price target is an average from 4 analysts. New target price is 33% above last closing price of US$124. Stock is down 23% over the past year.Major Estimate Revision • Apr 16Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 EPS estimate fell from US$6.91 to US$6.21 per share. Revenue forecast steady at US$1.20b. Net income forecast to grow 28% next year vs 44% growth forecast for Semiconductor industry in the US. Consensus price target of US$187 unchanged from last update. Share price was steady at US$190 over the past week.Price Target Changed • Feb 23Price target raised to US$178Up from US$163, the current price target is an average from 5 analysts. The new target price is 7.7% above the current share price of US$165. As of last close, the stock is up 8.9% over the past year.Major Estimate Revision • Feb 11Analysts increase EPS estimates to US$6.91The 2021 consensus revenue estimate increased from US$1.15b to US$1.20b. The earnings per share estimate also received an upgrade from US$6.21 to US$6.91 for the same period. Net income is expected to grow by 51% next year compared to 42% growth forecast for the Semiconductor industry in the US. The consensus price target increased from US$163 to US$172. Share price is up 6.1% to US$167 over the past week.Major Estimate Revision • Nov 26Analysts update estimatesThe 2021 consensus earning per share (EPS) estimate was lowered from US$7.10 to US$6.21. Revenue estimate was approximately flat at US$1.15b. Net income is expected to grow by 21% next year compared to 28% growth forecast for the Semiconductor industry in the US. The consensus price target increased from US$154 to US$155. Share price is up 6.8% to US$151 over the past week.모든 업데이트 보기Recent updatesReported Earnings • May 05Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2022 results: EPS: US$1.21 (up from US$5.13 loss in 2Q 2021). Revenue: US$324.1m (up 12% from 2Q 2021). Net income: US$34.6m (up US$184.4m from 2Q 2021). Profit margin: 11% (up from net loss in 2Q 2021). The move to profitability was primarily driven by lower expenses. Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) missed analyst estimates by 28%. Over the next year, revenue is forecast to grow 2.8%, compared to a 20% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.Board Change • Apr 27Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 3 highly experienced directors. Independent Director Anne Roby was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Upcoming Dividend • Mar 15Upcoming dividend of US$0.46 per shareEligible shareholders must have bought the stock before 22 March 2022. Payment date: 22 April 2022. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.0%. Lower than top quartile of American dividend payers (3.7%). Lower than average of industry peers (1.4%).Reported Earnings • Feb 04First quarter 2022 earnings: EPS misses analyst expectationsFirst quarter 2022 results: EPS: US$0.96 (down from US$1.08 in 1Q 2021). Revenue: US$317.0m (up 10% from 1Q 2021). Net income: US$27.4m (down 13% from 1Q 2021). Profit margin: 8.7% (down from 11% in 1Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 47%. Over the next year, revenue is forecast to grow 3.8%, compared to a 18% growth forecast for the industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance.Price Target Changed • Jan 27Price target increased to US$181Up from US$167, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of US$176. The company is forecast to post earnings per share of US$7.40 next year compared to a net loss per share of US$2.35 last year.Recent Insider Transactions Derivative • Dec 30Independent Director exercised options and sold US$3.9m worth of stockOn the 22nd of December, Barbara Klein exercised 28k options at a strike price of around US$35.47 and sold these shares for an average price of US$178 per share. This trade did not impact their existing holding. Since March 2021, Barbara's direct individual holding has increased from 22.86k shares to 23.45k. Company insiders have collectively sold US$17m more than they bought, via options and on-market transactions in the last 12 months.Recent Insider Transactions • Dec 29VP & President of Electronic Materials recently sold US$1.7m worth of stockOn the 20th of December, Daniel Woodland sold around 9k shares on-market at roughly US$184 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.Recent Insider Transactions Derivative • Dec 22Interim CFO exercised options to buy US$65k worth of stock.On the 20th of December, Jeanette Press exercised options to buy 347 shares at a strike price of around US$146, costing a total of US$51k. This transaction amounted to 16% of their direct individual holding at the time of the trade. Since June 2021, Jeanette's direct individual holding has increased from 305.00 shares to 2.24k. Company insiders have collectively sold US$4.3m more than they bought, via options and on-market transactions in the last 12 months.Upcoming Dividend • Dec 14Upcoming dividend of US$0.46 per shareEligible shareholders must have bought the stock before 21 December 2021. Payment date: 28 January 2022. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.3%. Lower than top quartile of American dividend payers (3.6%). Higher than average of industry peers (1.1%).Reported Earnings • Nov 12Full year 2021 earnings released: US$2.35 loss per share (vs US$4.90 profit in FY 2020)The company reported a soft full year result with weaker earnings and weaker control over costs, although revenues improved. Full year 2021 results: Revenue: US$1.20b (up 7.5% from FY 2020). Net loss: US$68.6m (down 148% from profit in FY 2020). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.Seeking Alpha • Oct 22Why CMC Materials Is Still No Bargain Even If It Is Down BigCCMP had some positive news to share in the Q3 report, but it was overshadowed by a number of negatives. Revenue reached a new all-time high, but earnings are under pressure with the arrival of a number of headwinds, including higher inflation. The stock collapsed following the Q3 report, similar to Q2, but that opens up some intriguing possibilities with the stock down big. While long CCMP could pay off in the short term, sustaining a prolonged move higher will be difficult with the way the cards are laid out.Upcoming Dividend • Oct 05Upcoming dividend of US$0.46 per shareEligible shareholders must have bought the stock before 12 October 2021. Payment date: 05 November 2021. Trailing yield: 1.5%. Lower than top quartile of American dividend payers (3.6%). Higher than average of industry peers (1.3%).Price Target Changed • Aug 06Price target decreased to US$164Down from US$177, the current price target is an average from 4 analysts. New target price is 33% above last closing price of US$124. Stock is down 23% over the past year.Reported Earnings • Aug 05Third quarter 2021 earnings released: EPS US$1.15 (vs US$1.19 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: US$309.5m (up 13% from 3Q 2020). Net income: US$33.6m (down 2.6% from 3Q 2020). Profit margin: 11% (down from 13% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.Seeking Alpha • Jul 26A Big Drop Does Not Automatically Make CMC Materials A BargainThe latest quarterly numbers from CCMP were a big letdown, causing it to lose all its gains for the year and then some. CCMP is still setting quarterly records, but its performance overall is underwhelming when everything is considered. CCMP is expected to benefit from increased production, but that could lead to other challenges down the road. Some see CCMP’s lower price as an opportunity to get in, but others may want to question if they’re really getting a bargain.Upcoming Dividend • Jun 15Upcoming dividend of US$0.46 per shareEligible shareholders must have bought the stock before 22 June 2021. Payment date: 30 July 2021. Trailing yield: 1.2%. Lower than top quartile of American dividend payers (3.4%). In line with average of industry peers (1.3%).Reported Earnings • May 07Second quarter 2021 earnings released: US$5.13 loss per share (vs US$1.12 profit in 2Q 2020)The company reported a soft second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: US$290.5m (up 2.2% from 2Q 2020). Net loss: US$149.8m (down US$182.7m from profit in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.Major Estimate Revision • Apr 16Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 EPS estimate fell from US$6.91 to US$6.21 per share. Revenue forecast steady at US$1.20b. Net income forecast to grow 28% next year vs 44% growth forecast for Semiconductor industry in the US. Consensus price target of US$187 unchanged from last update. Share price was steady at US$190 over the past week.Valuation Update With 7 Day Price Move • Apr 07Investor sentiment improved over the past weekAfter last week's 15% share price gain to US$197, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 31x in the Semiconductor industry in the US. Total returns to shareholders of 90% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$95.50 per share.Upcoming Dividend • Mar 16Upcoming Dividend of US$0.46 Per ShareWill be paid on the 23rd of April to those who are registered shareholders by the 22nd of March. The trailing yield of 1.1% is below the top quartile of American dividend payers (3.5%), and is lower than industry peers (1.5%).Recent Insider Transactions Derivative • Mar 11President exercised options and sold US$4.0m worth of stockOn the 5th of March, David Li exercised 38k options at a strike price of around US$60.27 and sold these shares for an average price of US$165 per share. This trade did not impact their existing holding. For the year to September 2020, David's total compensation was 14% salary and 86% non-salary (Indicating these sales could comprise a meaningful part of their income for the year). Since June 2020, David's direct individual holding has increased from 56.26k shares to 66.91k. Company insiders have collectively sold US$7.8m more than they bought, via options and on-market transactions in the last 12 months.Is New 90 Day High Low • Feb 25New 90-day high: US$179The company is up 18% from its price of US$151 on 25 November 2020. The American market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$93.83 per share.Price Target Changed • Feb 23Price target raised to US$178Up from US$163, the current price target is an average from 5 analysts. The new target price is 7.7% above the current share price of US$165. As of last close, the stock is up 8.9% over the past year.Major Estimate Revision • Feb 11Analysts increase EPS estimates to US$6.91The 2021 consensus revenue estimate increased from US$1.15b to US$1.20b. The earnings per share estimate also received an upgrade from US$6.21 to US$6.91 for the same period. Net income is expected to grow by 51% next year compared to 42% growth forecast for the Semiconductor industry in the US. The consensus price target increased from US$163 to US$172. Share price is up 6.1% to US$167 over the past week.Is New 90 Day High Low • Feb 09New 90-day high: US$173The company is up 3.0% from its price of US$169 on 10 November 2020. The American market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 25% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$94.13 per share.Reported Earnings • Feb 05First quarter 2021 earnings released: EPS US$1.08 (vs US$1.32 in 1Q 2020)The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: US$287.9m (up 1.7% from 1Q 2020). Net income: US$31.5m (down 18% from 1Q 2020). Profit margin: 11% (down from 14% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth.Analyst Estimate Surprise Post Earnings • Feb 05Revenue beats expectations, earnings disappointRevenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) missed analyst estimates by 17%. Over the next year, revenue is forecast to grow 3.5%, compared to a 17% growth forecast for the Semiconductor industry in the US.Is New 90 Day High Low • Jan 20New 90-day high: US$173The company is up 14% from its price of US$151 on 21 October 2020. The American market is up 13% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Semiconductor industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$104 per share.Recent Insider Transactions • Dec 16VP & President of Performance Materials recently sold US$201k worth of stockOn the 10th of December, Jeffrey Dysard sold around 1k shares on-market at roughly US$147 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$3.2m more than they bought in the last 12 months.Recent Insider Transactions Derivative • Dec 13VP & President of Performance Materials notifies of intention to sell stockJeffrey Dysard intends to sell roughly 1.37k shares in the next 90 days after lodging an Intent To Sell Form on the 10th of December. If the sale is conducted around the recent share price of US$146, it would amount to US$201k. Since December 2019, Jeffrey's direct individual holding has increased from 4.01k shares to 6.11k. Company insiders have collectively sold US$10m more than they bought, via options and on-market transactions in the last 12 months.Recent Insider Transactions • Dec 02Independent Director recently sold US$95k worth of stockOn the 25th of November, Barbara Klein sold around 625 shares on-market at roughly US$152 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$3.3m more than they bought in the last 12 months.Recent Insider Transactions Derivative • Nov 30Independent Director notifies of intention to sell stockBarbara Klein intends to sell roughly 6.63k shares in the next 90 days after lodging an Intent To Sell Form on the 25th of November. If the sale is conducted around the recent share price of US$152, it would amount to US$1.0m. Since March 2020, Barbara's direct individual holding has decreased from 28.70k shares to 23.49k. Company insiders have collectively sold US$10.0m more than they bought, via options and on-market transactions in the last 12 months.Major Estimate Revision • Nov 26Analysts update estimatesThe 2021 consensus earning per share (EPS) estimate was lowered from US$7.10 to US$6.21. Revenue estimate was approximately flat at US$1.15b. Net income is expected to grow by 21% next year compared to 28% growth forecast for the Semiconductor industry in the US. The consensus price target increased from US$154 to US$155. Share price is up 6.8% to US$151 over the past week.Reported Earnings • Nov 20Full year 2020 earnings released: EPS US$4.90The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$1.12b (up 7.6% from FY 2019). Net income: US$142.8m (up 264% from FY 2019). Profit margin: 13% (up from 3.8% in FY 2019). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.Analyst Estimate Surprise Post Earnings • Nov 20Earnings beat expectations, revenue disappointsRevenue missed analyst estimates by 0.5%. Earnings per share (EPS) exceeded analyst estimates by 6.4%. Over the next year, revenue is forecast to grow 3.0%, compared to a 16% growth forecast for the Semiconductor industry in the US.Valuation Update With 7 Day Price Move • Nov 14Market pulls back on stock over the past weekAfter last week's 16% share price decline to US$135, the stock is trading at a trailing P/E ratio of 45.9x, down from the previous P/E ratio of 54.4x. This compares to an average P/E of 37x in the Semiconductor industry in the US. Total returns to shareholders over the past three years are 43%.Reported Earnings • Nov 12Full year 2020 earnings released: EPS US$4.90The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$1.12b (up 7.6% from FY 2019). Net income: US$142.8m (up 264% from FY 2019). Profit margin: 13% (up from 3.8% in FY 2019). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.Analyst Estimate Surprise Post Earnings • Nov 12Earnings beat expectations, revenue disappointsRevenue missed analyst estimates by 0.5%. Earnings per share (EPS) exceeded analyst estimates by 6.4%. Over the next year, revenue is forecast to grow 2.7%, compared to a 16% growth forecast for the Semiconductor industry in the US.Is New 90 Day High Low • Nov 12New 90-day high: US$169The company is up 3.0% from its price of US$164 on 14 August 2020. The American market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$122 per share.이익 및 매출 성장 예측NasdaqGS:CCMP - 애널리스트 향후 추정치 및 과거 재무 데이터 (USD Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수9/30/20241,350N/A22330329/30/20231,328N/A22528859/30/20221,281N/A21327333/31/20221,263112213257N/A12/31/20211,229-73218262N/A9/30/20211,200-69229271N/A6/30/20211,162-48213263N/A3/31/20211,127-47211298N/A12/31/20201,121136181293N/A9/30/20201,116143161287N/A6/30/20201,12186132262N/A3/31/20201,11870138234N/A12/31/20191,09964135209N/A9/30/20191,03839119175N/A6/30/2019916108143182N/A3/31/2019794124123155N/A12/31/2018672126127152N/A9/30/2018590110148169N/A6/30/201857088135155N/A3/31/201854873132151N/A12/31/201752461126147N/A9/30/201750787120141N/A6/30/201749381108127N/A3/31/201747380101120N/A12/31/20164537096113N/A9/30/2016430597895N/A6/30/2016408516382N/A3/31/2016397436382N/A12/31/201540347N/A84N/A9/30/201541456N/A98N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: CCMP 의 예상 수익 증가율이 절약률(1.9%)보다 높은지 판단하기에는 데이터가 부족합니다.수익 vs 시장: CCMP 의 수익이 US 시장보다 빠르게 성장할 것으로 예상되는지 판단하기에는 데이터가 부족합니다.고성장 수익: CCMP 의 수익이 향후 3년 동안 상당히 증가할 것으로 예상되는지 판단하기에는 데이터가 부족합니다.수익 대 시장: CCMP 의 수익(연간 2.8%)이 US 시장(연간 11.7%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: CCMP 의 수익(연간 2.8%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: CCMP의 자본 수익률이 3년 후 높을 것으로 예상되는지 판단하기에 데이터가 부족합니다.성장 기업 찾아보기7D1Y7D1Y7D1YSemiconductors 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2022/07/06 11:17종가2022/07/05 00:00수익2022/03/31연간 수익2021/09/30데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스CMC Materials, Inc.는 12명의 분석가가 다루고 있습니다. 이 중 5명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Paretosh MisraBerenbergAmanda ScarnatiCitigroup IncJason UrsanerCJS Securities, Inc.9명의 분석가 더 보기
Price Target Changed • Jan 27Price target increased to US$181Up from US$167, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of US$176. The company is forecast to post earnings per share of US$7.40 next year compared to a net loss per share of US$2.35 last year.
Price Target Changed • Aug 06Price target decreased to US$164Down from US$177, the current price target is an average from 4 analysts. New target price is 33% above last closing price of US$124. Stock is down 23% over the past year.
Major Estimate Revision • Apr 16Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 EPS estimate fell from US$6.91 to US$6.21 per share. Revenue forecast steady at US$1.20b. Net income forecast to grow 28% next year vs 44% growth forecast for Semiconductor industry in the US. Consensus price target of US$187 unchanged from last update. Share price was steady at US$190 over the past week.
Price Target Changed • Feb 23Price target raised to US$178Up from US$163, the current price target is an average from 5 analysts. The new target price is 7.7% above the current share price of US$165. As of last close, the stock is up 8.9% over the past year.
Major Estimate Revision • Feb 11Analysts increase EPS estimates to US$6.91The 2021 consensus revenue estimate increased from US$1.15b to US$1.20b. The earnings per share estimate also received an upgrade from US$6.21 to US$6.91 for the same period. Net income is expected to grow by 51% next year compared to 42% growth forecast for the Semiconductor industry in the US. The consensus price target increased from US$163 to US$172. Share price is up 6.1% to US$167 over the past week.
Major Estimate Revision • Nov 26Analysts update estimatesThe 2021 consensus earning per share (EPS) estimate was lowered from US$7.10 to US$6.21. Revenue estimate was approximately flat at US$1.15b. Net income is expected to grow by 21% next year compared to 28% growth forecast for the Semiconductor industry in the US. The consensus price target increased from US$154 to US$155. Share price is up 6.8% to US$151 over the past week.
Reported Earnings • May 05Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2022 results: EPS: US$1.21 (up from US$5.13 loss in 2Q 2021). Revenue: US$324.1m (up 12% from 2Q 2021). Net income: US$34.6m (up US$184.4m from 2Q 2021). Profit margin: 11% (up from net loss in 2Q 2021). The move to profitability was primarily driven by lower expenses. Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) missed analyst estimates by 28%. Over the next year, revenue is forecast to grow 2.8%, compared to a 20% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.
Board Change • Apr 27Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 3 highly experienced directors. Independent Director Anne Roby was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Upcoming Dividend • Mar 15Upcoming dividend of US$0.46 per shareEligible shareholders must have bought the stock before 22 March 2022. Payment date: 22 April 2022. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.0%. Lower than top quartile of American dividend payers (3.7%). Lower than average of industry peers (1.4%).
Reported Earnings • Feb 04First quarter 2022 earnings: EPS misses analyst expectationsFirst quarter 2022 results: EPS: US$0.96 (down from US$1.08 in 1Q 2021). Revenue: US$317.0m (up 10% from 1Q 2021). Net income: US$27.4m (down 13% from 1Q 2021). Profit margin: 8.7% (down from 11% in 1Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 47%. Over the next year, revenue is forecast to grow 3.8%, compared to a 18% growth forecast for the industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance.
Price Target Changed • Jan 27Price target increased to US$181Up from US$167, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of US$176. The company is forecast to post earnings per share of US$7.40 next year compared to a net loss per share of US$2.35 last year.
Recent Insider Transactions Derivative • Dec 30Independent Director exercised options and sold US$3.9m worth of stockOn the 22nd of December, Barbara Klein exercised 28k options at a strike price of around US$35.47 and sold these shares for an average price of US$178 per share. This trade did not impact their existing holding. Since March 2021, Barbara's direct individual holding has increased from 22.86k shares to 23.45k. Company insiders have collectively sold US$17m more than they bought, via options and on-market transactions in the last 12 months.
Recent Insider Transactions • Dec 29VP & President of Electronic Materials recently sold US$1.7m worth of stockOn the 20th of December, Daniel Woodland sold around 9k shares on-market at roughly US$184 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.
Recent Insider Transactions Derivative • Dec 22Interim CFO exercised options to buy US$65k worth of stock.On the 20th of December, Jeanette Press exercised options to buy 347 shares at a strike price of around US$146, costing a total of US$51k. This transaction amounted to 16% of their direct individual holding at the time of the trade. Since June 2021, Jeanette's direct individual holding has increased from 305.00 shares to 2.24k. Company insiders have collectively sold US$4.3m more than they bought, via options and on-market transactions in the last 12 months.
Upcoming Dividend • Dec 14Upcoming dividend of US$0.46 per shareEligible shareholders must have bought the stock before 21 December 2021. Payment date: 28 January 2022. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.3%. Lower than top quartile of American dividend payers (3.6%). Higher than average of industry peers (1.1%).
Reported Earnings • Nov 12Full year 2021 earnings released: US$2.35 loss per share (vs US$4.90 profit in FY 2020)The company reported a soft full year result with weaker earnings and weaker control over costs, although revenues improved. Full year 2021 results: Revenue: US$1.20b (up 7.5% from FY 2020). Net loss: US$68.6m (down 148% from profit in FY 2020). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.
Seeking Alpha • Oct 22Why CMC Materials Is Still No Bargain Even If It Is Down BigCCMP had some positive news to share in the Q3 report, but it was overshadowed by a number of negatives. Revenue reached a new all-time high, but earnings are under pressure with the arrival of a number of headwinds, including higher inflation. The stock collapsed following the Q3 report, similar to Q2, but that opens up some intriguing possibilities with the stock down big. While long CCMP could pay off in the short term, sustaining a prolonged move higher will be difficult with the way the cards are laid out.
Upcoming Dividend • Oct 05Upcoming dividend of US$0.46 per shareEligible shareholders must have bought the stock before 12 October 2021. Payment date: 05 November 2021. Trailing yield: 1.5%. Lower than top quartile of American dividend payers (3.6%). Higher than average of industry peers (1.3%).
Price Target Changed • Aug 06Price target decreased to US$164Down from US$177, the current price target is an average from 4 analysts. New target price is 33% above last closing price of US$124. Stock is down 23% over the past year.
Reported Earnings • Aug 05Third quarter 2021 earnings released: EPS US$1.15 (vs US$1.19 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: US$309.5m (up 13% from 3Q 2020). Net income: US$33.6m (down 2.6% from 3Q 2020). Profit margin: 11% (down from 13% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
Seeking Alpha • Jul 26A Big Drop Does Not Automatically Make CMC Materials A BargainThe latest quarterly numbers from CCMP were a big letdown, causing it to lose all its gains for the year and then some. CCMP is still setting quarterly records, but its performance overall is underwhelming when everything is considered. CCMP is expected to benefit from increased production, but that could lead to other challenges down the road. Some see CCMP’s lower price as an opportunity to get in, but others may want to question if they’re really getting a bargain.
Upcoming Dividend • Jun 15Upcoming dividend of US$0.46 per shareEligible shareholders must have bought the stock before 22 June 2021. Payment date: 30 July 2021. Trailing yield: 1.2%. Lower than top quartile of American dividend payers (3.4%). In line with average of industry peers (1.3%).
Reported Earnings • May 07Second quarter 2021 earnings released: US$5.13 loss per share (vs US$1.12 profit in 2Q 2020)The company reported a soft second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: US$290.5m (up 2.2% from 2Q 2020). Net loss: US$149.8m (down US$182.7m from profit in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.
Major Estimate Revision • Apr 16Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 EPS estimate fell from US$6.91 to US$6.21 per share. Revenue forecast steady at US$1.20b. Net income forecast to grow 28% next year vs 44% growth forecast for Semiconductor industry in the US. Consensus price target of US$187 unchanged from last update. Share price was steady at US$190 over the past week.
Valuation Update With 7 Day Price Move • Apr 07Investor sentiment improved over the past weekAfter last week's 15% share price gain to US$197, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 31x in the Semiconductor industry in the US. Total returns to shareholders of 90% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$95.50 per share.
Upcoming Dividend • Mar 16Upcoming Dividend of US$0.46 Per ShareWill be paid on the 23rd of April to those who are registered shareholders by the 22nd of March. The trailing yield of 1.1% is below the top quartile of American dividend payers (3.5%), and is lower than industry peers (1.5%).
Recent Insider Transactions Derivative • Mar 11President exercised options and sold US$4.0m worth of stockOn the 5th of March, David Li exercised 38k options at a strike price of around US$60.27 and sold these shares for an average price of US$165 per share. This trade did not impact their existing holding. For the year to September 2020, David's total compensation was 14% salary and 86% non-salary (Indicating these sales could comprise a meaningful part of their income for the year). Since June 2020, David's direct individual holding has increased from 56.26k shares to 66.91k. Company insiders have collectively sold US$7.8m more than they bought, via options and on-market transactions in the last 12 months.
Is New 90 Day High Low • Feb 25New 90-day high: US$179The company is up 18% from its price of US$151 on 25 November 2020. The American market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$93.83 per share.
Price Target Changed • Feb 23Price target raised to US$178Up from US$163, the current price target is an average from 5 analysts. The new target price is 7.7% above the current share price of US$165. As of last close, the stock is up 8.9% over the past year.
Major Estimate Revision • Feb 11Analysts increase EPS estimates to US$6.91The 2021 consensus revenue estimate increased from US$1.15b to US$1.20b. The earnings per share estimate also received an upgrade from US$6.21 to US$6.91 for the same period. Net income is expected to grow by 51% next year compared to 42% growth forecast for the Semiconductor industry in the US. The consensus price target increased from US$163 to US$172. Share price is up 6.1% to US$167 over the past week.
Is New 90 Day High Low • Feb 09New 90-day high: US$173The company is up 3.0% from its price of US$169 on 10 November 2020. The American market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 25% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$94.13 per share.
Reported Earnings • Feb 05First quarter 2021 earnings released: EPS US$1.08 (vs US$1.32 in 1Q 2020)The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: US$287.9m (up 1.7% from 1Q 2020). Net income: US$31.5m (down 18% from 1Q 2020). Profit margin: 11% (down from 14% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth.
Analyst Estimate Surprise Post Earnings • Feb 05Revenue beats expectations, earnings disappointRevenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) missed analyst estimates by 17%. Over the next year, revenue is forecast to grow 3.5%, compared to a 17% growth forecast for the Semiconductor industry in the US.
Is New 90 Day High Low • Jan 20New 90-day high: US$173The company is up 14% from its price of US$151 on 21 October 2020. The American market is up 13% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Semiconductor industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$104 per share.
Recent Insider Transactions • Dec 16VP & President of Performance Materials recently sold US$201k worth of stockOn the 10th of December, Jeffrey Dysard sold around 1k shares on-market at roughly US$147 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$3.2m more than they bought in the last 12 months.
Recent Insider Transactions Derivative • Dec 13VP & President of Performance Materials notifies of intention to sell stockJeffrey Dysard intends to sell roughly 1.37k shares in the next 90 days after lodging an Intent To Sell Form on the 10th of December. If the sale is conducted around the recent share price of US$146, it would amount to US$201k. Since December 2019, Jeffrey's direct individual holding has increased from 4.01k shares to 6.11k. Company insiders have collectively sold US$10m more than they bought, via options and on-market transactions in the last 12 months.
Recent Insider Transactions • Dec 02Independent Director recently sold US$95k worth of stockOn the 25th of November, Barbara Klein sold around 625 shares on-market at roughly US$152 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$3.3m more than they bought in the last 12 months.
Recent Insider Transactions Derivative • Nov 30Independent Director notifies of intention to sell stockBarbara Klein intends to sell roughly 6.63k shares in the next 90 days after lodging an Intent To Sell Form on the 25th of November. If the sale is conducted around the recent share price of US$152, it would amount to US$1.0m. Since March 2020, Barbara's direct individual holding has decreased from 28.70k shares to 23.49k. Company insiders have collectively sold US$10.0m more than they bought, via options and on-market transactions in the last 12 months.
Major Estimate Revision • Nov 26Analysts update estimatesThe 2021 consensus earning per share (EPS) estimate was lowered from US$7.10 to US$6.21. Revenue estimate was approximately flat at US$1.15b. Net income is expected to grow by 21% next year compared to 28% growth forecast for the Semiconductor industry in the US. The consensus price target increased from US$154 to US$155. Share price is up 6.8% to US$151 over the past week.
Reported Earnings • Nov 20Full year 2020 earnings released: EPS US$4.90The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$1.12b (up 7.6% from FY 2019). Net income: US$142.8m (up 264% from FY 2019). Profit margin: 13% (up from 3.8% in FY 2019). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.
Analyst Estimate Surprise Post Earnings • Nov 20Earnings beat expectations, revenue disappointsRevenue missed analyst estimates by 0.5%. Earnings per share (EPS) exceeded analyst estimates by 6.4%. Over the next year, revenue is forecast to grow 3.0%, compared to a 16% growth forecast for the Semiconductor industry in the US.
Valuation Update With 7 Day Price Move • Nov 14Market pulls back on stock over the past weekAfter last week's 16% share price decline to US$135, the stock is trading at a trailing P/E ratio of 45.9x, down from the previous P/E ratio of 54.4x. This compares to an average P/E of 37x in the Semiconductor industry in the US. Total returns to shareholders over the past three years are 43%.
Reported Earnings • Nov 12Full year 2020 earnings released: EPS US$4.90The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$1.12b (up 7.6% from FY 2019). Net income: US$142.8m (up 264% from FY 2019). Profit margin: 13% (up from 3.8% in FY 2019). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.
Analyst Estimate Surprise Post Earnings • Nov 12Earnings beat expectations, revenue disappointsRevenue missed analyst estimates by 0.5%. Earnings per share (EPS) exceeded analyst estimates by 6.4%. Over the next year, revenue is forecast to grow 2.7%, compared to a 16% growth forecast for the Semiconductor industry in the US.
Is New 90 Day High Low • Nov 12New 90-day high: US$169The company is up 3.0% from its price of US$164 on 14 August 2020. The American market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$122 per share.