Ultra Clean Holdings, Inc. designs, develops, prototypes, engineers, manufactures, and tests production tools, modules, and subsystems for the semiconductor and display capital equipment industries primarily in North America, Asia, and Europe.
Fair value with moderate growth potential.
Share Price & News
How has Ultra Clean Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: UCTT's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: UCTT exceeded the US Semiconductor industry which returned -1.7% over the past year.
Return vs Market: UCTT exceeded the US Market which returned -13.6% over the past year.
Price Volatility Vs. Market
How volatile is Ultra Clean Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall StHave Insiders Sold Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Shares Recently?
1 month ago | Simply Wall StIntroducing Ultra Clean Holdings (NASDAQ:UCTT), The Stock That Zoomed 157% In The Last Five Years
1 month ago | Simply Wall StDoes Ultra Clean Holdings, Inc.'s (NASDAQ:UCTT) CEO Salary Compare Well With Others?
Is Ultra Clean Holdings undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: UCTT ($12.94) is trading below our estimate of fair value ($97.76)
Significantly Below Fair Value: UCTT is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: UCTT is unprofitable, so we can't compare its PE Ratio to the Semiconductor industry average.
PE vs Market: UCTT is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate UCTT's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: UCTT is good value based on its PB Ratio (1.2x) compared to the US Semiconductor industry average (2.3x).
How is Ultra Clean Holdings forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: UCTT is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.7%).
Earnings vs Market: UCTT is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: UCTT's is expected to become profitable in the next 3 years.
Revenue vs Market: UCTT's revenue (7.1% per year) is forecast to grow slower than the US market (7.2% per year).
High Growth Revenue: UCTT's revenue (7.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: UCTT's Return on Equity is forecast to be low in 3 years time (15.5%).
How has Ultra Clean Holdings performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: UCTT is currently unprofitable.
Growing Profit Margin: UCTT is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: UCTT is unprofitable, but has reduced losses over the past 5 years at a rate of 22.3% per year.
Accelerating Growth: Unable to compare UCTT's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: UCTT is unprofitable, making it difficult to compare its past year earnings growth to the Semiconductor industry (-30.5%).
Return on Equity
High ROE: UCTT has a negative Return on Equity (-1.7%), as it is currently unprofitable.
How is Ultra Clean Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: UCTT's short term assets ($467.0M) exceed its short term liabilities ($210.6M).
Long Term Liabilities: UCTT's short term assets ($467.0M) exceed its long term liabilities ($356.2M).
Debt to Equity History and Analysis
Debt Level: UCTT's debt to equity ratio (64.6%) is considered high.
Reducing Debt: UCTT's debt to equity ratio has increased from 21.1% to 64.6% over the past 5 years.
Inventory Level: UCTT has a high level of physical assets or inventory.
Debt Coverage by Assets: UCTT's debt is covered by short term assets (assets are 1.6x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: UCTT has been profitable on average in the past, therefore cash runway is not a concern.
Forecast Cash Runway: UCTT has been profitable on average in the past, therefore cash runway is not a concern.
What is Ultra Clean Holdings's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate UCTT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate UCTT's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if UCTT's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if UCTT'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 UCTT's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jim Scholhamer (53yo)
Mr. James P. Scholhamer, also known as Jim, has been the Chief Executive Officer at Ultra Clean Holdings Inc. since January 19, 2015 and served as its President. Mr. Scholhamer serves as the President and ...
CEO Compensation Analysis
Compensation vs Market: Jim's total compensation ($USD2.30M) is about average for companies of similar size in the US market ($USD2.20M).
Compensation vs Earnings: Jim's compensation has been consistent with company performance over the past year.
|CEO & Director||5.25yrs||US$2.30m||0.54% $2.7m|
|Chief Financial Officer||4.17yrs||US$1.42m||0.35% $1.8m|
|Senior Vice President of Global Human Resources||4.25yrs||US$658.25k||0.11% $540.3k|
|Executive VP and President of Semiconductor Products & Solutions Business||3.5yrs||US$823.58k||0.16% $820.3k|
|Chief Operating Officer||1.08yrs||no data||no data|
|Senior VP & Chief Accounting Officer||0.92yr||no data||no data|
|Vice President of Investor Relations||no data||no data||no data|
|General Counsel & Corporate Secretary||0.50yr||no data||no data|
|Managing Director of Marketing||no data||no data||no data|
|President of Semiconductor Services Business||0.92yr||no data||no data|
Experienced Management: UCTT's management team is considered experienced (2.3 years average tenure).
|CEO & Director||5.25yrs||US$2.30m||0.54% $2.7m|
|Independent Director||4.83yrs||US$168.46k||0.087% $443.6k|
|Independent Director||4.83yrs||US$171.91k||0.062% $316.5k|
|Independent Director||17.42yrs||US$174.41k||0.20% $1.0m|
|Independent Director||1.83yrs||US$142.04k||0.041% $208.4k|
|Independent Director||5.92yrs||US$166.16k||0.082% $418.2k|
|Chairman of the Board||13.5yrs||US$178.66k||0.41% $2.1m|
|Non-Executive Director||13.17yrs||US$148.66k||0.10% $526.2k|
|Director||0.25yr||no data||0.0057% $28.7k|
Experienced Board: UCTT's board of directors are considered experienced (5.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: UCTT insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.9%.
Ultra Clean Holdings, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Ultra Clean Holdings, Inc.
- Ticker: UCTT
- Exchange: NasdaqGS
- Founded: 1991
- Industry: Semiconductor Equipment
- Sector: Semiconductors
- Market Cap: US$506.986m
- Shares outstanding: 39.89m
- Website: https://www.uct.com
Number of Employees
- Ultra Clean Holdings, Inc.
- 26462 Corporate Avenue
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|UCTT||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Mar 2004|
|UCE||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Mar 2004|
|0LID||LSE (London Stock Exchange)||Yes||Common Stock||GB||USD||Mar 2004|
|UCE||BRSE (Berne Stock Exchange)||Yes||Common Stock||CH||CHF||Mar 2004|
Ultra Clean Holdings, Inc. designs, develops, prototypes, engineers, manufactures, and tests production tools, modules, and subsystems for the semiconductor and display capital equipment industries primarily in North America, Asia, and Europe. It offers precision robotic systems that are used when accurate controlled motion is required; gas delivery systems, which include one or more gas lines consisting of small diameter internally polished stainless steel tubing products, filters, mass flow controllers, regulators, pressure transducers and valves, component heaters, and an integrated electronic and/or pneumatic control system; and various industrial and automation production equipment products. The company also provides subsystems, such as wafer cleaning modules; chemical delivery modules that deliver gases and reactive chemicals in a liquid or gaseous form from a centralized subsystem to the reaction chamber; frame assemblies, which are support structures fabricated from steel tubing or folded sheet metal; and top-plate assemblies. In addition, it offers fluid delivery systems consists of one or more chemical delivery units; process modules, which are the subsystems of semiconductor manufacturing tools that process integrated circuits onto wafers; and other high level assemblies. The company primarily serves original equipment manufacturing customers in the semiconductor capital equipment, consumer, medical, energy, industrial, and research industries. Ultra Clean Holding, Inc. was founded in 1991 and is headquartered in Hayward, California.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/04 08:38|
|End of Day Share Price||2020/04/03 00:00|
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.