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Market Cap

US$2.4b

Last Updated

2021/04/12 23:15 UTC

Data Sources

Company Financials +

Executive Summary

Ultra Clean Holdings, Inc. designs, engineers, and manufactures production tools, modules, and subsystems for the semiconductor and display capital equipment markets in the United States and internationally. More Details


Snowflake Analysis

High growth potential with adequate balance sheet.


Similar Companies

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 is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: UCTT's weekly volatility (11%) has been stable over the past year.


Market Performance


7 Day Return

-15.2%

UCTT

-0.7%

US Semiconductor

0.9%

US Market


1 Year Return

246.9%

UCTT

86.2%

US Semiconductor

57.9%

US Market

Return vs Industry: UCTT exceeded the US Semiconductor industry which returned 91.7% over the past year.

Return vs Market: UCTT exceeded the US Market which returned 56.3% over the past year.


Shareholder returns

UCTTIndustryMarket
7 Day-15.2%-0.7%0.9%
30 Day8.4%8.9%2.3%
90 Day42.2%7.9%6.3%
1 Year246.9%246.9%89.2%86.2%60.8%57.9%
3 Year190.9%190.9%121.6%110.0%64.5%53.9%
5 Year912.1%912.1%335.8%293.4%120.9%96.4%

Long-Term 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

Valuation

Is Ultra Clean Holdings undervalued compared to its fair value and its price relative to the market?

28.58x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: UCTT ($55.05) is trading above our estimate of fair value ($25.9)

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


Price To Earnings Ratio

PE vs Industry: UCTT is good value based on its PE Ratio (28.5x) compared to the US Semiconductor industry average (40.7x).

PE vs Market: UCTT is poor value based on its PE Ratio (28.5x) compared to the US market (22.3x).


Price to Earnings Growth Ratio

PEG Ratio: UCTT is poor value based on its PEG Ratio (1.1x)


Price to Book Ratio

PB vs Industry: UCTT is good value based on its PB Ratio (4.1x) compared to the US Semiconductor industry average (5.3x).


Future Growth

How is Ultra Clean Holdings forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

25.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: UCTT's forecast earnings growth (25.1% per year) is above the savings rate (2%).

Earnings vs Market: UCTT's earnings (25.1% per year) are forecast to grow faster than the US market (18.6% per year).

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

Revenue vs Market: UCTT's revenue (11% per year) is forecast to grow faster than the US market (9.9% per year).

High Growth Revenue: UCTT's revenue (11% 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 high in 3 years time (21.4%)


Past Performance

How has Ultra Clean Holdings performed over the past 5 years?

16.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: UCTT has high quality earnings.

Growing Profit Margin: UCTT became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: UCTT has become profitable over the past 5 years, growing earnings by 16.8% per year.

Accelerating Growth: UCTT has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: UCTT has become profitable in the last year, making it difficult to compare its past year earnings growth to the Semiconductor industry (30%).


Return on Equity

High ROE: UCTT's Return on Equity (14.6%) is considered low.


Financial Health

How is Ultra Clean Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: UCTT's short term assets ($545.1M) exceed its short term liabilities ($201.2M).

Long Term Liabilities: UCTT's short term assets ($545.1M) exceed its long term liabilities ($350.1M).


Debt to Equity History and Analysis

Debt Level: UCTT's debt to equity ratio (48.8%) is considered high.

Reducing Debt: UCTT's debt to equity ratio has increased from 37.6% to 48.8% over the past 5 years.

Debt Coverage: UCTT's debt is well covered by operating cash flow (36.2%).

Interest Coverage: UCTT's interest payments on its debt are well covered by EBIT (7.7x coverage).


Balance Sheet


Dividend

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 recent payouts.

High Dividend: Unable to evaluate UCTT'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 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.


Next Steps

Management

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

3.3yrs

Average management tenure


CEO

Jim Scholhamer (54 yo)

6.25yrs

Tenure

US$2,721,641

Compensation

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 ($USD2.72M) is about average for companies of similar size in the US market ($USD3.67M).

Compensation vs Earnings: Jim's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: UCTT's management team is considered experienced (3.3 years average tenure).


Board Members

Experienced Board: UCTT's board of directors are considered experienced (6 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

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 9.3%.


Top Shareholders

Company Information

Ultra Clean Holdings, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Ultra Clean Holdings, Inc.
  • Ticker: UCTT
  • Exchange: NasdaqGS
  • Founded: 1991
  • Industry: Semiconductor Equipment
  • Sector: Semiconductors
  • Market Cap: US$2.404b
  • Shares outstanding: 43.58m
  • Website: https://www.uct.com

Number of Employees


Location

  • Ultra Clean Holdings, Inc.
  • 26462 Corporate Avenue
  • Hayward
  • California
  • 94545
  • United States

Listings


Biography

Ultra Clean Holdings, Inc. designs, engineers, and manufactures production tools, modules, and subsystems for the semiconductor and display capital equipment markets in the United States and internationall...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/12 23:15
End of Day Share Price2021/04/12 00:00
Earnings2020/12/25
Annual Earnings2020/12/25


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.