NasdaqGS:ICHR

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Executive Summary

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


Snowflake Analysis

Reasonable 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

Stable Share Price: ICHR's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-0.9%

ICHR

1.8%

US Semiconductor

-0.8%

US Market


1 Year Return

-12.9%

ICHR

41.5%

US Semiconductor

13.8%

US Market

Return vs Industry: ICHR underperformed the US Semiconductor industry which returned 41.5% over the past year.

Return vs Market: ICHR underperformed the US Market which returned 13.8% over the past year.


Shareholder returns

ICHRIndustryMarket
7 Day-0.9%1.8%-0.8%
30 Day-18.0%-0.9%-5.0%
90 Day-14.9%13.7%10.1%
1 Year-12.9%-12.9%44.2%41.5%16.4%13.8%
3 Year-20.9%-20.9%80.9%71.4%36.9%27.8%
5 Yearn/a240.4%206.9%85.0%64.2%

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 compared to its fair value and its price relative to the market?

25.16x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate ICHR's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate ICHR's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: ICHR is good value based on its PE Ratio (25.2x) compared to the US Semiconductor industry average (34.2x).

PE vs Market: ICHR is poor value based on its PE Ratio (25.2x) compared to the US market (17.6x).


Price to Earnings Growth Ratio

PEG Ratio: ICHR is good value based on its PEG Ratio (0.4x)


Price to Book Ratio

PB vs Industry: ICHR is good value based on its PB Ratio (2x) compared to the US Semiconductor industry average (3.1x).


Next Steps

Future Growth

How is Ichor Holdings forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

58.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ICHR's forecast earnings growth (58.2% per year) is above the savings rate (2.2%).

Earnings vs Market: ICHR's earnings (58.2% per year) are forecast to grow faster than the US market (22.9% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ICHR's revenue (9.6% per year) is forecast to grow slower than the US market (9.9% per year).

High Growth Revenue: ICHR's revenue (9.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ICHR's Return on Equity is forecast to be high in 3 years time (27.6%)


Next Steps

Past Performance

How has Ichor Holdings performed over the past 5 years?

11.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ICHR has a large one-off loss of $4.0M impacting its June 26 2020 financial results.

Growing Profit Margin: ICHR's current net profit margins (2.4%) are lower than last year (2.6%).


Past Earnings Growth Analysis

Earnings Trend: ICHR has become profitable over the past 5 years, growing earnings by 11.5% per year.

Accelerating Growth: ICHR's earnings growth over the past year (24.9%) exceeds its 5-year average (11.5% per year).

Earnings vs Industry: ICHR earnings growth over the past year (24.9%) exceeded the Semiconductor industry 7.5%.


Return on Equity

High ROE: ICHR's Return on Equity (8%) is considered low.


Next Steps

Financial Health

How is Ichor Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: ICHR's short term assets ($317.4M) exceed its short term liabilities ($155.4M).

Long Term Liabilities: ICHR's short term assets ($317.4M) exceed its long term liabilities ($205.3M).


Debt to Equity History and Analysis

Debt Level: ICHR's debt to equity ratio (85.7%) is considered high.

Reducing Debt: ICHR's debt to equity ratio has increased from 71.6% to 85.7% over the past 5 years.

Debt Coverage: ICHR's debt is not well covered by operating cash flow (5.5%).

Interest Coverage: ICHR's interest payments on its debt are not well covered by EBIT (2.8x coverage).


Balance Sheet


Next Steps

Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate ICHR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ICHR'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 ICHR's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ICHR'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 ICHR's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

0.9yrs

Average management tenure


CEO

Jeff Andreson (58 yo)

0.67

Tenure

US$1,800,900

Compensation

Mr. Jeffrey S. Andreson, also known as Jeff, has been the Chief Executive Officer of Ichor Holdings, Ltd. since January 6, 2020 and has been its Executive Director since February 11, 2020. Mr. Andreson ser ...


CEO Compensation Analysis

Compensation vs Market: Jeff's total compensation ($USD1.80M) is about average for companies of similar size in the US market ($USD2.02M).

Compensation vs Earnings: Insufficient data to compare Jeff's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Thomas Rohrs
Executive Chairman8.58yrsUS$2.80m0.22%
$ 1.0m
Jeffrey Andreson
Executive Director & CEO0.67yrUS$1.80m0.14%
$ 657.2k
Philip Barros
Chief Technology Officer5yrsUS$1.74m0.0022%
$ 10.8k
Larry Sparks
Chief Financial Officer0.92yrno datano data
Kevin Canty
Chief Operating Officer3.08yrsno data0.079%
$ 382.8k
Christopher Smith
Senior Vice President of Sales & Marketing1.42yrsno datano data
Diana Finucane
Chief HR Officer0.50yrno datano data

0.9yrs

Average Tenure

59.5yo

Average Age

Experienced Management: ICHR's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Thomas Rohrs
Executive Chairman8.58yrsUS$2.80m0.22%
$ 1.0m
Jeffrey Andreson
Executive Director & CEO0.67yrUS$1.80m0.14%
$ 657.2k
John Kispert
Independent Director1.92yrsUS$154.30k0.024%
$ 118.8k
Sarah O'Dowd
Director0.33yrno datano data
Iain MacKenzie
Lead Independent Director1yrUS$182.00k0.036%
$ 174.7k
Wendy Arienzo
Director0.58yrno data0.038%
$ 183.6k
Laura Black
Independent Director1.58yrsUS$285.60k0.049%
$ 240.5k
Marc Haugen
Independent Director3.08yrsUS$160.10k0.084%
$ 408.6k

1.3yrs

Average Tenure

60.5yo

Average Age

Experienced Board: ICHR's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: ICHR insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.2%.


Top Shareholders

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$486.530m
  • Shares outstanding: 22.95m
  • 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 Analysis2020/09/27 05:46
End of Day Share Price2020/09/25 00:00
Earnings2020/06/26
Annual Earnings2019/12/27


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.