ACM Research, Inc., together with its subsidiaries, develops, manufactures, and sells single-wafer wet cleaning equipment for enhancing the manufacturing process and yield for integrated chips worldwide. More Details
Exceptional growth potential with excellent balance sheet.
Share Price & News
How has ACM Research's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ACMR is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 12% a week.
Volatility Over Time: ACMR's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of US stocks.
7 Day Return
1 Year Return
Return vs Industry: ACMR underperformed the US Semiconductor industry which returned 55.6% over the past year.
Return vs Market: ACMR underperformed the US Market which returned 35.9% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is ACM Research's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 days ago | Simply Wall StWhat Is The Ownership Structure Like For ACM Research, Inc. (NASDAQ:ACMR)?
1 month ago | Simply Wall StCould The Market Be Wrong About ACM Research, Inc. (NASDAQ:ACMR) Given Its Attractive Financial Prospects?
2 months ago | Simply Wall StReturns On Capital Signal Tricky Times Ahead For ACM Research (NASDAQ:ACMR)
Is ACM Research undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ACMR ($92.86) is trading below our estimate of fair value ($105.99)
Significantly Below Fair Value: ACMR is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: ACMR is poor value based on its PE Ratio (75.8x) compared to the US Semiconductor industry average (34.6x).
PE vs Market: ACMR is poor value based on its PE Ratio (75.8x) compared to the US market (18.1x).
Price to Earnings Growth Ratio
PEG Ratio: ACMR is poor value based on its PEG Ratio (2.6x)
Price to Book Ratio
PB vs Industry: ACMR is overvalued based on its PB Ratio (11.9x) compared to the US Semiconductor industry average (4.7x).
How is ACM Research forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ACMR's forecast earnings growth (29.4% per year) is above the savings rate (2%).
Earnings vs Market: ACMR's earnings (29.4% per year) are forecast to grow faster than the US market (15% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: ACMR's revenue (30.4% per year) is forecast to grow faster than the US market (9.2% per year).
High Growth Revenue: ACMR's revenue (30.4% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ACMR's Return on Equity is forecast to be high in 3 years time (23.9%)
How has ACM Research performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ACMR has a high level of non-cash earnings.
Growing Profit Margin: ACMR's current net profit margins (12.8%) are lower than last year (16.8%).
Past Earnings Growth Analysis
Earnings Trend: ACMR's earnings have grown significantly by 59.3% per year over the past 5 years.
Accelerating Growth: ACMR's earnings growth over the past year (20.3%) is below its 5-year average (59.3% per year).
Earnings vs Industry: ACMR earnings growth over the past year (20.3%) underperformed the Semiconductor industry 55.6%.
Return on Equity
High ROE: ACMR's Return on Equity (11.9%) is considered low.
How is ACM Research's financial position?
Financial Position Analysis
Short Term Liabilities: ACMR's short term assets ($286.6M) exceed its short term liabilities ($128.0M).
Long Term Liabilities: ACMR's short term assets ($286.6M) exceed its long term liabilities ($28.5M).
Debt to Equity History and Analysis
Debt Level: ACMR's debt to equity ratio (19.8%) is considered satisfactory.
Reducing Debt: ACMR's debt to equity ratio has reduced from 198.4% to 19.8% over the past 5 years.
Debt Coverage: ACMR's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: ACMR's interest payments on its debt are well covered by EBIT (52.8x coverage).
What is ACM Research current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate ACMR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate ACMR's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if ACMR's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if ACMR's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of ACMR's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
David Hui Wang (60 yo)
Dr. David Hui Wang, Ph.D., serves as Chairman of ACM Research (Shanghai), Inc. Dr. Wang has been Chief Executive Officer, President and Director at ACM Research, Inc. since January 1998 and serves as its C...
CEO Compensation Analysis
Compensation vs Market: David Hui's total compensation ($USD5.37M) is above average for companies of similar size in the US market ($USD3.71M).
Compensation vs Earnings: David Hui's compensation has increased by more than 20% in the past year.
Experienced Management: ACMR's management team is seasoned and experienced (10.5 years average tenure).
Experienced Board: ACMR's board of directors are considered experienced (4.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 5.8%.
ACM Research, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: ACM Research, Inc.
- Ticker: ACMR
- Exchange: NasdaqGM
- Founded: 1998
- Industry: Semiconductor Equipment
- Sector: Semiconductors
- Market Cap: US$1.763b
- Shares outstanding: 18.98m
- Website: https://www.acmrcsh.com
Number of Employees
- ACM Research, Inc.
- 42307 Osgood Road
- Suite I
- United States
ACM Research, Inc., together with its subsidiaries, develops, manufactures, and sells single-wafer wet cleaning equipment for enhancing the manufacturing process and yield for integrated chips worldwide. I...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/08/01 22:34|
|End of Day Share Price||2021/07/30 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.