ACM Research, Inc.

DB:813 Stock Report

Market Cap: €1.1b

ACM Research Valuation

Is 813 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 813 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 813 (€17.43) is trading below our estimate of fair value (€20.48)

Significantly Below Fair Value: 813 is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 813?

Key metric: As 813 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 813. This is calculated by dividing 813's market cap by their current earnings.
What is 813's PE Ratio?
PE Ratio12.7x
EarningsUS$90.25m
Market CapUS$1.17b

Price to Earnings Ratio vs Peers

How does 813's PE Ratio compare to its peers?

The above table shows the PE ratio for 813 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average13.7x
SMHN SÜSS MicroTec
22.8x-3.4%€978.7m
AIXA AIXTRON
13.6x6.2%€1.6b
S92 SMA Solar Technology
2.5x-20.9%€416.4m
WAF Siltronic
16x-17.0%€1.5b
813 ACM Research
12.7x16.5%€1.2b

Price-To-Earnings vs Peers: 813 is good value based on its Price-To-Earnings Ratio (12.7x) compared to the peer average (13.7x).

Price to Earnings Ratio vs Industry

How does 813's PE Ratio compare vs other companies in the European Semiconductor Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
813 12.7xIndustry Avg. 14.4xNo. of Companies7PE01632486480+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 813 is good value based on its Price-To-Earnings Ratio (12.7x) compared to the European Semiconductor industry average (14.4x).

Price to Earnings Ratio vs Fair Ratio

What is 813's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

813 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.7x
Fair PE Ratio21.8x

Price-To-Earnings vs Fair Ratio: 813 is good value based on its Price-To-Earnings Ratio (12.7x) compared to the estimated Fair Price-To-Earnings Ratio (21.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 813 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€17.43
€29.97
+72.0%
14.7%€35.45€23.33n/a8
Nov ’25€17.07
€29.81
+74.6%
18.2%€36.00€20.70n/a8
Oct ’25€17.95
€29.81
+66.1%
18.2%€36.00€20.70n/a8
Sep ’25€16.53
€31.32
+89.5%
14.4%€36.08€22.55n/a7
Aug ’25€17.09
€34.03
+99.2%
10.6%€36.71€25.70n/a7
Jul ’25€21.41
€35.11
+64.0%
5.4%€37.02€31.47n/a7
Jun ’25€20.45
€35.05
+71.4%
5.8%€37.10€31.53n/a7
May ’25€24.79
€35.27
+42.3%
6.0%€37.31€31.71n/a7
Apr ’25€26.10
€34.83
+33.5%
6.0%€36.71€31.20n/a7
Mar ’25€28.20
€34.72
+23.1%
6.7%€37.01€31.46n/a7
Feb ’25€16.24
€23.99
+47.7%
13.2%€29.18€20.16n/a7
Jan ’25€17.76
€22.23
+25.2%
19.7%€29.73€16.72n/a7
Dec ’24€15.00
€21.93
+46.2%
19.9%€29.50€16.59n/a7
Nov ’24€11.86
€21.26
+79.3%
25.6%€30.14€14.13€17.077
Oct ’24€17.02
€21.02
+23.5%
26.2%€29.95€14.04€17.957
Sep ’24€16.04
€18.69
+16.5%
32.6%€29.49€11.98€16.538
Aug ’24€11.74
€17.45
+48.7%
36.1%€28.75€11.41€17.098
Jul ’24€12.12
€15.91
+31.2%
44.3%€29.19€8.21€21.418
Jun ’24€9.32
€15.54
+66.7%
45.5%€29.14€8.20€20.458
May ’24€8.34
€15.47
+85.6%
47.8%€29.52€7.38€24.798
Apr ’24€10.64
€15.47
+45.5%
47.8%€29.52€7.38€26.108
Mar ’24€9.65
€15.27
+58.3%
51.8%€30.17€7.54€28.208
Feb ’24€11.30
€14.81
+31.2%
56.3%€30.17€6.60€16.248
Jan ’24€7.00
€14.13
+101.9%
57.4%€30.19€6.60€17.768
Dec ’23€8.58
€16.38
+90.9%
55.3%€31.92€6.98€15.009
Nov ’23€6.42
€19.71
+207.1%
57.6%€43.63€7.10€11.869

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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