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ICHR

Ichor Holdings NasdaqGS:ICHR Stock Report

Last Price

US$36.09

Market Cap

US$1.0b

7D

6.5%

1Y

-8.0%

Updated

18 Aug, 2022

Data

Company Financials +
ICHR fundamental analysis
Snowflake Score
Valuation3/6
Future Growth2/6
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$36.09
52 Week HighUS$51.98
52 Week LowUS$21.08
Beta2.07
1 Month Change25.84%
3 Month Change30.57%
1 Year Change-8.00%
3 Year Change70.96%
5 Year Change81.27%
Change since IPO269.40%

Recent News & Updates

Jul 18
Ichor Holdings (NASDAQ:ICHR) Seems To Use Debt Quite Sensibly

Ichor Holdings (NASDAQ:ICHR) Seems To Use Debt Quite Sensibly

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Shareholder Returns

ICHRUS SemiconductorUS Market
7D6.5%2.4%1.4%
1Y-8.0%-3.2%-8.4%

Return vs Industry: ICHR underperformed the US Semiconductor industry which returned -4.2% over the past year.

Return vs Market: ICHR matched the US Market which returned -9% over the past year.

Price Volatility

Is ICHR's price volatile compared to industry and market?
ICHR volatility
ICHR Average Weekly Movement10.0%
Semiconductor Industry Average Movement8.6%
Market Average Movement7.6%
10% most volatile stocks in US Market17.1%
10% least volatile stocks in US Market3.1%

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$1.04b
Earnings (TTM)US$62.97m
Revenue (TTM)US$1.17b

16.5x

P/E Ratio

0.9x

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/Revenue1.1x
Enterprise Value/EBITDA11.3x
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 Average24.2x
VECO Veeco Instruments
29.4x18.8%US$1.2b
ACMR ACM Research
32.5x24.9%US$1.0b
COHU Cohu
15.1x-9.4%US$1.4b
CAMT Camtek
19.6x8.0%US$1.4b
ICHR Ichor Holdings
16.5x18.6%US$1.0b

Price-To-Earnings vs Peers: ICHR is good value based on its Price-To-Earnings Ratio (16.5x) compared to the peer average (24.2x).


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 (16.5x) compared to the US Semiconductor industry average (19.3x)


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 Ratio16.5x
Fair PE Ratio21.2x

Price-To-Earnings vs Fair Ratio: ICHR is good value based on its Price-To-Earnings Ratio (16.5x) compared to the estimated Fair Price-To-Earnings Ratio (21.2x).


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 less than 20% higher than the current share price.


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Future Growth

How is Ichor Holdings forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


18.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ICHR's forecast earnings growth (18.6% per year) is above the savings rate (1.9%).

Earnings vs Market: ICHR's earnings (18.6% per year) are forecast to grow faster than the US market (14.4% per year).

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

Revenue vs Market: ICHR's revenue (6% per year) is forecast to grow slower than the US market (7.8% per year).

High Growth Revenue: ICHR's revenue (6% 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 56.1%.


Return on Equity

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


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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

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.


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Management

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

2.5yrs

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

Compensation vs Market: Jeff's total compensation ($USD3.65M) is about average for companies of similar size in the US market ($USD3.83M).

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 (2.5 years average tenure).


Board Members

Experienced Board: ICHR's board of directors are considered experienced (3 years average tenure).


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 not been meaningfully diluted in the past year.


Top Shareholders

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$1.037b
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/18 00:00
End of Day Share Price2022/08/18 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.