NasdaqGS:ICHR

Stock Analysis Report

Executive Summary

Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment.

Snowflake

Fundamentals

High growth potential and fair value.


Similar Companies

Share Price & News

How has Ichor Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-0.6%

ICHR

-2.5%

US Semiconductor

-0.6%

US Market


1 Year Return

21.6%

ICHR

7.5%

US Semiconductor

0.7%

US Market

ICHR outperformed the Semiconductor industry which returned 7.5% over the past year.

ICHR outperformed the Market in United States of America which returned 0.6% over the past year.


Share holder returns

ICHRIndustryMarket
7 Day-0.6%-2.5%-0.6%
30 Day27.4%4.1%2.9%
90 Day17.2%9.9%1.3%
1 Year21.6%21.6%9.6%7.5%2.9%0.7%
3 Yearn/a79.9%69.3%44.6%35.2%
5 Yearn/a119.3%97.0%61.9%44.2%

Price Volatility Vs. Market

How volatile is Ichor Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Ichor Holdings undervalued based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Ichor Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).

Ichor Holdings's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Ichor Holdings is overvalued based on earnings compared to the US Semiconductor industry average.

Ichor Holdings is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

Ichor Holdings is good value based on expected growth next year.


Price Based on Value of Assets

Ichor Holdings is overvalued based on assets compared to the US Semiconductor industry average.


Next Steps

Future Growth

How is Ichor Holdings expected to perform in the next 1 to 3 years based on estimates from 8 analysts?

65.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Ichor Holdings's revenue is expected to grow by 14.6% yearly, however this is not considered high growth (20% yearly).

Ichor Holdings's earnings are expected to grow significantly at over 20% yearly.

Ichor Holdings's revenue growth is expected to exceed the United States of America market average.

Ichor Holdings's earnings growth is expected to exceed the United States of America market average.

Ichor Holdings's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Ichor Holdings is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).


Next Steps

Past Performance

How has Ichor Holdings performed over the past 5 years?

46.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Ichor Holdings has delivered over 20% year on year earnings growth in the past 5 years.

Ichor Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Ichor Holdings's 1-year earnings growth is negative, it can't be compared to the US Semiconductor industry average.


Return on Equity

Ichor Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Ichor Holdings used its assets less efficiently than the US Semiconductor industry average last year based on Return on Assets.


Return on Capital Employed

Ichor Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Ichor Holdings's financial position?


Financial Position Analysis

Ichor Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Ichor Holdings's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Ichor Holdings's level of debt (94.1%) compared to net worth is high (greater than 40%).

Unable to establish if Ichor Holdings's debt level has increased without past 5-year debt data.

Debt is well covered by operating cash flow (26.6%, greater than 20% of total debt).

Interest payments on debt are not well covered by earnings (EBIT is 2.4x annual interest expense, ideally 3x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 1x debt.


Next Steps

Dividend

What is Ichor Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate Ichor Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Ichor Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Ichor Holdings has not reported any payouts.

Unable to verify if Ichor Holdings's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Ichor Holdings has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Ichor Holdings's salary, the management and board of directors tenure and is there insider trading?

2.1yrs

Average management tenure


CEO

Tom Rohrs (68yo)

5yrs

Tenure

US$3,626,251

Compensation

Mr. Thomas M. Rohrs, also known as Tom, has been Executive Chairman for Ichor Systems, Inc. since 2012 and also serves as its Chief Executive Officer. Mr. Rohrs has been the Executive Chairman of Ichor Hol ...


CEO Compensation Analysis

Tom's remuneration is higher than average for companies of similar size in United States of America.

Tom's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Management Age and Tenure

2.1yrs

Average Tenure

59yo

Average Age

The tenure for the Ichor Holdings management team is about average.


Board Age and Tenure

3.0yrs

Average Tenure

57yo

Average Age

The tenure for the Ichor Holdings board of directors is about average.


Insider Trading

Ichor Holdings individual insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUS$183,67806 Sep 19
Philip Barros
EntityIndividual
Role
Chief Technology Officer
Chief Technology Officer
Shares7,924
Max PriceUS$23.18
SellUS$38,30801 Mar 19
Kevin Canty
EntityIndividual
Role
Chief Operating Officer
Chief Operating Officer
Shares1,750
Max PriceUS$21.89
BuyUS$103,35013 Nov 18
Jeffrey Andreson
EntityIndividual
Role
President
President & CFO
Shares6,500
Max PriceUS$15.90
BuyUS$99,66313 Nov 18
Marc Haugen
EntityIndividual
Role
Member of the Board of Directors
Director
Shares5,975
Max PriceUS$16.68

Ownership Breakdown


Management Team

  • Tom Rohrs (68yo)

    Executive Chairman & CEO

    • Tenure: 5yrs
    • Compensation: US$3.63m
  • Kevin Canty (63yo)

    Chief Operating Officer

    • Tenure: 2.1yrs
  • Jeff Andreson (57yo)

    President & CFO

    • Tenure: 0.4yrs
    • Compensation: US$996.31k
  • Chris Smith (59yo)

    Senior Vice President of Sales & Marketing

    • Tenure: 0.4yrs
  • Philip Barros (39yo)

    Chief Technology Officer

    • Tenure: 4yrs
    • Compensation: US$1.48m
  • Jennifer Speer

    Vice President of Human Resources

    • Tenure: 0yrs

Board Members

  • John Kispert (56yo)

    Director

    • Tenure: 0.9yrs
    • Compensation: US$161.67k
  • Andrew Kowal (42yo)

    Director

    • Tenure: 7.6yrs
    • Compensation: US$86.49k
  • Tom Rohrs (68yo)

    Executive Chairman & CEO

    • Tenure: 5yrs
    • Compensation: US$3.63m
  • Iain MacKenzie (61yo)

    Director

    • Tenure: 3.9yrs
    • Compensation: US$137.11k
  • Laura Black (58yo)

    Director

    • Tenure: 0.6yrs
  • Marc Haugen (54yo)

    Director

    • Tenure: 2.1yrs
    • Compensation: US$136.49k

Company Information

Ichor Holdings, Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Ichor Holdings, Ltd.
  • Ticker: ICHR
  • Exchange: NasdaqGS
  • Founded: 1999
  • Industry: Semiconductor Equipment
  • Sector: Semiconductors
  • Market Cap: US$581.559m
  • Shares outstanding: 22.45m
  • Website: https://www.ichorsystems.com

Number of Employees


Location

  • Ichor Holdings, Ltd.
  • 3185 Laurelview Court
  • Fremont
  • California
  • 94538
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ICHRNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDDec 2016
4IHDB (Deutsche Boerse AG)YesCommon StockDEEURDec 2016
0Z0FLSE (London Stock Exchange)YesCommon StockGBUSDDec 2016

Biography

Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment. It primarily offers gas and chemical delivery subsy ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/22 00:47
End of Day Share Price2019/09/20 00:00
Earnings2019/06/28
Annual Earnings2018/12/28


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.