ACM Research, Inc.

NasdaqGM:ACMR Stock Report

Market Cap: US$1.1b

ACM Research Valuation

Is ACMR 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 ACMR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ACMR ($18.45) is trading below our estimate of fair value ($19.93)

Significantly Below Fair Value: ACMR 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 ACMR?

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

The above table shows the Price to Earnings ratio for ACMR. This is calculated by dividing ACMR's market cap by their current earnings.
What is ACMR's PE Ratio?
PE Ratio12.8x
EarningsUS$90.25m
Market CapUS$1.15b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for ACMR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average12.8x
PLAB Photronics
10.7x-0.08%US$1.5b
VECO Veeco Instruments
18.5x-5.5%US$1.5b
ACLS Axcelis Technologies
10.6x-13.8%US$2.4b
AEHR Aehr Test Systems
11.4xn/aUS$319.4m
ACMR ACM Research
12.8x16.5%US$1.1b

Price-To-Earnings vs Peers: ACMR is good value based on its Price-To-Earnings Ratio (12.8x) compared to the peer average (12.8x).

Price to Earnings Ratio vs Industry

How does ACMR's PE Ratio compare vs other companies in the US Semiconductor Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
TOYO TOYO
4.7xn/aUS$146.46m
SQNS Sequans Communications
1.5x-156.5%US$64.23m
No more companies available in this PE range
ACMR 12.8xIndustry Avg. 30.5xNo. of Companies9PE020406080100+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ACMR is good value based on its Price-To-Earnings Ratio (12.8x) compared to the US Semiconductor industry average (30.5x).

Price to Earnings Ratio vs Fair Ratio

What is ACMR'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.

ACMR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.8x
Fair PE Ratio26.6x

Price-To-Earnings vs Fair Ratio: ACMR is good value based on its Price-To-Earnings Ratio (12.8x) compared to the estimated Fair Price-To-Earnings Ratio (26.6x).

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 ACMR forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$18.33
US$32.13
+75.3%
14.7%US$38.00US$25.00n/a8
Nov ’25US$18.55
US$33.13
+78.6%
18.2%US$40.00US$23.00n/a8
Oct ’25US$19.03
US$33.13
+74.1%
18.2%US$40.00US$23.00n/a8
Sep ’25US$18.04
US$34.71
+92.4%
14.4%US$40.00US$25.00n/a7
Aug ’25US$16.27
US$37.08
+127.9%
10.6%US$40.00US$28.00n/a7
Jul ’25US$23.19
US$37.93
+63.6%
5.4%US$40.00US$34.00n/a7
Jun ’25US$21.60
US$37.79
+75.0%
5.8%US$40.00US$34.00n/a7
May ’25US$24.92
US$37.81
+51.7%
6.0%US$40.00US$34.00n/a7
Apr ’25US$30.32
US$37.95
+25.2%
6.0%US$40.00US$34.00n/a7
Mar ’25US$33.91
US$37.53
+10.7%
6.7%US$40.00US$34.00n/a7
Feb ’25US$16.99
US$26.30
+54.8%
13.2%US$32.00US$22.10n/a7
Jan ’25US$19.54
US$23.93
+22.5%
19.7%US$32.00US$18.00n/a7
Dec ’24US$16.86
US$23.79
+41.1%
19.9%US$32.00US$18.00n/a7
Nov ’24US$13.58
US$22.57
+66.2%
25.6%US$32.00US$15.00US$18.557
Oct ’24US$18.11
US$22.46
+24.0%
26.2%US$32.00US$15.00US$19.037
Sep ’24US$18.43
US$20.28
+10.0%
32.6%US$32.00US$13.00US$18.048
Aug ’24US$12.74
US$19.43
+52.5%
36.1%US$32.00US$12.70US$16.278
Jul ’24US$13.08
US$17.44
+33.3%
44.3%US$32.00US$9.00US$23.198
Jun ’24US$10.01
US$17.06
+70.5%
45.5%US$32.00US$9.00US$21.608
May ’24US$9.34
US$16.78
+79.6%
47.8%US$32.00US$8.00US$24.928
Apr ’24US$11.70
US$16.78
+43.4%
47.8%US$32.00US$8.00US$30.328
Mar ’24US$10.55
US$16.20
+53.6%
51.8%US$32.00US$8.00US$33.918
Feb ’24US$12.46
US$15.71
+26.1%
56.3%US$32.00US$7.00US$16.998
Jan ’24US$7.71
US$14.98
+94.2%
57.4%US$32.00US$7.00US$19.548
Dec ’23US$8.75
US$16.42
+87.7%
55.3%US$32.00US$7.00US$16.869
Nov ’23US$6.44
US$19.42
+201.6%
57.6%US$43.00US$7.00US$13.589

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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