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ICHR

Ichor Holdings NasdaqGS:ICHR Stock Report

Last Price

US$26.18

Market Cap

US$752.4m

7D

-3.1%

1Y

-36.1%

Updated

28 Sep, 2022

Data

Company Financials +
ICHR fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance1/6
Financial Health3/6
Dividends0/6

ICHR Stock Overview

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

Ichor Holdings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Ichor Holdings
Historical stock prices
Current Share PriceUS$26.18
52 Week HighUS$51.98
52 Week LowUS$21.08
Beta2.05
1 Month Change-18.47%
3 Month Change0.77%
1 Year Change-36.07%
3 Year Change12.60%
5 Year Change-0.038%
Change since IPO167.96%

Recent News & Updates

Sep 19
Here's What's Concerning About Ichor Holdings' (NASDAQ:ICHR) Returns On Capital

Here's What's Concerning About Ichor Holdings' (NASDAQ:ICHR) Returns On Capital

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...

Aug 26

Ichor Holdings COO to step down

Ichor Holdings (NASDAQ:ICHR) announced that on August 24 Dr. Paul Chhabra notified his decision to resign as chief operating officer and leave the company in order to pursue a new opportunity. As per SEC filing, he will be stepping down from his position on August 29, 2022. On August 9, the company reported Q2 results exceeding the consensus mark.

Shareholder Returns

ICHRUS SemiconductorUS Market
7D-3.1%-3.4%-2.0%
1Y-36.1%-25.1%-20.3%

Return vs Industry: ICHR underperformed the US Semiconductor industry which returned -27.2% over the past year.

Return vs Market: ICHR underperformed the US Market which returned -22.1% over the past year.

Price Volatility

Is ICHR's price volatile compared to industry and market?
ICHR volatility
ICHR Average Weekly Movement9.7%
Semiconductor Industry Average Movement7.9%
Market Average Movement6.9%
10% most volatile stocks in US Market15.8%
10% least volatile stocks in US Market2.8%

Stable Share Price: ICHR is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: ICHR's weekly volatility (10%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19991,850Jeff Andresonhttps://www.ichorsystems.com

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 systems and subsystems that are used in the manufacturing of semiconductor devices. The company’s gas delivery subsystems deliver, monitor, and control gases used in semiconductor manufacturing processes, such as etch and deposition; and chemical delivery subsystems blend and dispense the reactive liquid chemistries used in semiconductor manufacturing processes comprising chemical-mechanical planarization, electroplating, and cleaning.

Ichor Holdings Fundamentals Summary

How do Ichor Holdings's earnings and revenue compare to its market cap?
ICHR fundamental statistics
Market CapUS$752.40m
Earnings (TTM)US$62.97m
Revenue (TTM)US$1.17b

11.9x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ICHR income statement (TTM)
RevenueUS$1.17b
Cost of RevenueUS$981.21m
Gross ProfitUS$191.54m
Other ExpensesUS$128.57m
EarningsUS$62.97m

Last Reported Earnings

Jul 01, 2022

Next Earnings Date

n/a

Earnings per share (EPS)2.19
Gross Margin16.33%
Net Profit Margin5.37%
Debt/Equity Ratio56.6%

How did ICHR perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

ICHR key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.9x
Enterprise Value/EBITDA8.9x
PEG Ratio0.9x

Price to Earnings Ratio vs Peers

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

ICHR PE Ratio vs Peers
The above table shows the PE ratio for ICHR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average18.2x
VECO Veeco Instruments
24.2x19.4%US$973.5m
ACMR ACM Research
24x25.3%US$772.3m
PLAB Photronics
9x12.8%US$917.9m
CAMT Camtek
15.4x8.0%US$1.1b
ICHR Ichor Holdings
11.9x12.9%US$752.4m

Price-To-Earnings vs Peers: ICHR is good value based on its Price-To-Earnings Ratio (11.9x) compared to the peer average (18.2x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: ICHR is good value based on its Price-To-Earnings Ratio (11.9x) compared to the US Semiconductor industry average (15.4x)


Price to Earnings Ratio vs Fair Ratio

What is ICHR'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.

ICHR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.9x
Fair PE Ratio18.2x

Price-To-Earnings vs Fair Ratio: ICHR is good value based on its Price-To-Earnings Ratio (11.9x) compared to the estimated Fair Price-To-Earnings Ratio (18.2x).


Share Price vs Fair Value

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

Below Fair Value: Insufficient data to calculate ICHR's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate ICHR's fair value for valuation analysis.


Analyst Price Targets

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

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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Future Growth

How is Ichor Holdings forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


12.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ICHR's forecast earnings growth (12.9% per year) is above the savings rate (1.9%).

Earnings vs Market: ICHR's earnings (12.9% per year) are forecast to grow slower than the US market (14.8% per year).

High Growth Earnings: ICHR's earnings are forecast to grow, but not significantly.

Revenue vs Market: ICHR's revenue (5.2% per year) is forecast to grow slower than the US market (7.6% per year).

High Growth Revenue: ICHR's revenue (5.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if ICHR's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has Ichor Holdings performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


4.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ICHR has a high level of non-cash earnings.

Growing Profit Margin: ICHR's current net profit margins (5.4%) are lower than last year (6%).


Past Earnings Growth Analysis

Earnings Trend: ICHR's earnings have grown by 4.7% per year over the past 5 years.

Accelerating Growth: ICHR's earnings growth over the past year (3.1%) is below its 5-year average (4.7% per year).

Earnings vs Industry: ICHR earnings growth over the past year (3.1%) underperformed the Semiconductor industry 54.4%.


Return on Equity

High ROE: ICHR's Return on Equity (11.7%) is considered low.


Discover strong past performing companies

Financial Health

How is Ichor Holdings's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: ICHR's short term assets ($500.5M) exceed its short term liabilities ($198.9M).

Long Term Liabilities: ICHR's short term assets ($500.5M) exceed its long term liabilities ($329.5M).


Debt to Equity History and Analysis

Debt Level: ICHR's net debt to equity ratio (48%) is considered high.

Reducing Debt: ICHR's debt to equity ratio has increased from 22.2% to 56.6% over the past 5 years.

Debt Coverage: ICHR's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: ICHR's interest payments on its debt are well covered by EBIT (13x coverage).


Balance Sheet


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Ichor Holdings Dividend Yield vs Market
How does Ichor Holdings dividend yield compare to the market?
SegmentDividend Yield
Company (Ichor Holdings)n/a
Market Bottom 25% (US)1.6%
Market Top 25% (US)4.6%
Industry Average (Semiconductor)2.0%
Analyst forecast in 3 Years (Ichor Holdings)n/a

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.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as ICHR has not reported any payouts.


Discover strong dividend paying companies

Management

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

2.7yrs

Average management tenure


CEO

Jeff Andreson (60 yo)

2.58yrs

Tenure

US$3,646,356

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

Jeff Andreson's Compensation vs Ichor Holdings Earnings
How has Jeff Andreson's remuneration changed compared to Ichor Holdings's earnings?
DateTotal Comp.SalaryCompany Earnings
Jul 01 2022n/an/a

US$63m

Apr 01 2022n/an/a

US$64m

Dec 31 2021US$4mUS$582k

US$71m

Sep 24 2021n/an/a

US$69m

Jun 25 2021n/an/a

US$61m

Mar 26 2021n/an/a

US$45m

Dec 25 2020US$2mUS$528k

US$33m

Sep 25 2020n/an/a

US$29m

Jun 26 2020n/an/a

US$19m

Mar 27 2020n/an/a

US$13m

Dec 27 2019US$2mUS$429k

US$11m

Sep 27 2019n/an/a

US$6m

Jun 28 2019n/an/a

US$15m

Mar 29 2019n/an/a

US$43m

Dec 28 2018US$996kUS$374k

US$58m

Compensation vs Market: Jeff's total compensation ($USD3.65M) is about average for companies of similar size in the US market ($USD4.14M).

Compensation vs Earnings: Jeff's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: ICHR's management team is considered experienced (2.7 years average tenure).


Board Members

Experienced Board: ICHR's board of directors are considered experienced (3.1 years average tenure).


Ownership

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.


Recent Insider Transactions

NasdaqGS:ICHR Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
25 May 22SellUS$328,886Philip BarrosIndividual12,249US$26.85
10 Dec 21BuyUS$141,676Marc HaugenIndividual3,100US$50.21

Ownership Breakdown

What is the ownership structure of ICHR?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders291,0291.0%
General Public1,128,3773.9%
Institutions27,320,20295.1%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 79.59% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
18.13%
BlackRock, Inc.
5,210,323$136.4m0.71%no data
9.24%
FMR LLC
2,654,548$69.5m16.79%0.01%
7.49%
The Vanguard Group, Inc.
2,153,682$56.4m-9.03%no data
6.79%
Swedbank Robur Fonder AB
1,950,000$51.1m0%0.08%
3.81%
State Street Global Advisors, Inc.
1,094,008$28.6m4.98%no data
3.8%
Dimensional Fund Advisors LP
1,090,877$28.6m20.53%0.01%
3.67%
AllianceBernstein L.P.
1,055,333$27.6m2992.55%0.01%
3.51%
Macquarie Investment Management Business Trust
1,007,719$26.4m3.71%0.03%
2.77%
Vaughan Nelson Investment Management, L.P.
795,295$20.8m30.45%0.28%
2.34%
Royce & Associates, LP
672,199$17.6m10.56%0.16%
1.85%
Baron Capital Group, Inc.
531,384$13.9m0%0.04%
1.81%
Geode Capital Management, LLC
520,753$13.6m-0.36%no data
1.81%
Paradigm Capital Management, Inc.
519,983$13.6m-20.5%0.94%
1.69%
Lord, Abbett & Co. LLC
484,503$12.7m1.52%0.05%
1.65%
Pinnacle Associates, Ltd.
474,315$12.4m27.61%0.27%
1.54%
Kennedy Capital Management, Inc.
442,692$11.6m7.36%0.33%
1.06%
Northern Trust Global Investments
304,209$8.0m0.45%no data
1.05%
Fisher Asset Management, LLC
302,682$7.9m33.93%0.01%
0.94%
Goodman Financial Corporation
269,844$7.1m22.34%2.43%
0.89%
Charles Schwab Investment Management, Inc.
255,268$6.7m13.12%no data
0.88%
BNY Mellon Asset Management
253,632$6.6m2%no data
0.87%
Victory Capital Management Inc.
251,024$6.6m-4.38%0.01%
0.8%
Brandywine Global Investment Management, LLC
230,591$6.0m228.76%0.05%
0.61%
Principal Global Investors, LLC
176,681$4.6m-15.78%no data
0.6%
Wellington Management Group LLP
171,596$4.5m-9.5%no data

Company Information

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


Key Information

  • Name: Ichor Holdings, Ltd.
  • Ticker: ICHR
  • Exchange: NasdaqGS
  • Founded: 1999
  • Industry: Semiconductor Equipment
  • Sector: Semiconductors
  • Implied Market Cap: US$752.403m
  • Shares outstanding: 28.74m
  • 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

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/28 00:00
End of Day Share Price2022/09/28 00:00
Earnings2022/07/01
Annual Earnings2021/12/31


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.