Ultra Clean Holdings
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
| UCTT | Industry | Market | |
|---|---|---|---|
| 7 Day | -15.2% | -0.7% | 0.9% |
| 30 Day | 8.4% | 8.9% | 2.3% |
| 90 Day | 42.2% | 7.9% | 6.3% |
| 1 Year | 246.9%246.9% | 89.2%86.2% | 60.8%57.9% |
| 3 Year | 190.9%190.9% | 121.6%110.0% | 64.5%53.9% |
| 5 Year | 912.1%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
5 days ago | Simply Wall St
Is Ultra Clean Holdings (NASDAQ:UCTT) A Risky Investment?1 month ago | Simply Wall St
Is Ultra Clean Holdings, Inc.'s (NASDAQ:UCTT) Latest Stock Performance A Reflection Of Its Financial Health?2 months ago | Simply Wall St
Is Now The Time To Look At Buying Ultra Clean Holdings, Inc. (NASDAQ:UCTT)?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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/12 23:15 |
| End of Day Share Price | 2021/04/12 00:00 |
| Earnings | 2020/12/25 |
| Annual Earnings | 2020/12/25 |
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.