Ultra Clean Holdings, Inc.

NasdaqGS:UCTT Stock Report

Mkt Cap: US$1.7b

We’ve recently updated our valuation analysis.

Ultra Clean Holdings Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • 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 UCTT?

Other financial metrics that can be useful for relative valuation.

UCTT 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/Revenue0.8x
Enterprise Value/EBITDA6.1x
PEG Ratio1x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for UCTT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average17.7x
CAMT Camtek
16.8x-8.9%US$1.2b
COHU Cohu
18.5x-9.1%US$1.8b
NVMI Nova
21.6x-15.9%US$2.7b
ICHR Ichor Holdings
14.1x-24.8%US$1.0b
UCTT Ultra Clean Holdings
28.8x29.7%US$1.7b

Price-To-Earnings vs Peers: UCTT is expensive based on its Price-To-Earnings Ratio (28.8x) compared to the peer average (17.7x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a16.1%
n/an/an/a

Price-To-Earnings vs Industry: UCTT is expensive based on its Price-To-Earnings Ratio (28.8x) compared to the US Semiconductor industry average (17.9x)


Price to Earnings Ratio vs Fair Ratio

What is UCTT'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.

UCTT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio28.8x
Fair PE Ratio25.2x

Price-To-Earnings vs Fair Ratio: UCTT is expensive based on its Price-To-Earnings Ratio (28.8x) compared to the estimated Fair Price-To-Earnings Ratio (25.2x).


Share Price vs Fair Value

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

Below Fair Value: UCTT ($36.72) is trading above our estimate of fair value ($8.42)

Significantly Below Fair Value: UCTT is trading above our estimate of fair value.


Analyst Price Targets

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

The above table shows the analyst UCTT forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$36.72
US$36.25
-1.3%
7.4%US$39.00US$32.00n/a4
Jan ’24US$33.15
US$38.00
+14.6%
9.8%US$44.00US$34.00n/a4
Dec ’23US$35.46
US$38.00
+7.2%
9.8%US$44.00US$34.00n/a4
Nov ’23US$32.23
US$38.00
+17.9%
9.8%US$44.00US$34.00n/a4
Oct ’23US$25.75
US$47.25
+83.5%
11.7%US$55.00US$42.00n/a4
Sep ’23US$28.38
US$53.20
+87.5%
24.2%US$77.00US$42.00n/a5
Aug ’23US$34.05
US$53.20
+56.2%
24.2%US$77.00US$42.00n/a5
Jul ’23US$26.99
US$64.40
+138.7%
21.8%US$85.00US$45.00n/a5
Jun ’23US$32.39
US$64.40
+98.8%
21.8%US$85.00US$45.00n/a5
May ’23US$31.17
US$64.40
+106.6%
21.8%US$85.00US$45.00n/a5
Apr ’23US$40.47
US$73.42
+81.4%
8.3%US$80.00US$65.00n/a6
Mar ’23US$43.41
US$73.42
+69.1%
8.3%US$80.00US$65.00n/a6
Feb ’23US$50.92
US$72.58
+42.5%
5.8%US$77.00US$66.00US$36.726
Jan ’23US$57.36
US$72.58
+26.5%
5.8%US$77.00US$66.00US$33.156
Dec ’22US$56.10
US$72.58
+29.4%
5.8%US$77.00US$66.00US$35.466
Nov ’22US$53.41
US$72.58
+35.9%
5.8%US$77.00US$66.00US$32.236
Oct ’22US$42.86
US$71.33
+66.4%
4.6%US$75.00US$66.00US$25.756
Sep ’22US$45.04
US$71.33
+58.4%
4.6%US$75.00US$66.00US$28.386
Aug ’22US$54.01
US$70.83
+31.1%
4.3%US$75.00US$66.00US$34.056
Jul ’22US$52.70
US$70.83
+34.4%
4.3%US$75.00US$66.00US$26.996
Jun ’22US$57.50
US$70.83
+23.2%
4.3%US$75.00US$66.00US$32.396
May ’22US$51.07
US$70.83
+38.7%
4.3%US$75.00US$66.00US$31.176
Apr ’22US$63.64
US$60.67
-4.7%
8.4%US$69.00US$55.00US$40.476
Mar ’22US$50.69
US$59.83
+18.0%
7.9%US$69.00US$55.00US$43.416
Feb ’22US$40.15
US$46.17
+15.0%
10.1%US$53.00US$38.00US$50.926

Analyst Forecast: Target price is lower than the current share price.


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