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UCTT

Ultra Clean HoldingsNasdaqGS:UCTT Stock Report

Market Cap

US$2.1b

7D

0.06%

1Y

123.6%

Updated

26 Sep, 2021

Data

Company Financials +
UCTT fundamental analysis
Snowflake Score
Valuation5/6
Future Growth4/6
Past Performance5/6
Financial Health4/6
Dividends0/6

UCTT Overview

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.

Ultra Clean Holdings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Ultra Clean Holdings
Historical stock prices
Current Share PriceUS$46.63
52 Week HighUS$21.06
52 Week LowUS$65.33
Beta1.97
1 Month Change1.11%
3 Month Change-14.49%
1 Year Change123.65%
3 Year Change271.55%
5 Year Change529.29%
Change since IPO521.73%

Recent News & Updates

Shareholder Returns

UCTTUS SemiconductorUS Market
7D0.06%0.9%0.1%
1Y123.6%53.6%35.3%

Return vs Industry: UCTT exceeded the US Semiconductor industry which returned 53.6% over the past year.

Return vs Market: UCTT exceeded the US Market which returned 35.3% over the past year.

Price Volatility

Is UCTT's price volatile compared to industry and market?
UCTT volatility
UCTT Beta1.97
Industry Beta1.23
Market Beta1

Stable Share Price: UCTT is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: UCTT's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19914,355Jim Scholhamerhttps://www.uct.com

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. The company 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; process modules, a subsystems of semiconductor manufacturing tools that process integrated circuits onto wafers; and top-plate assemblies. It also offers various industrial and automation production equipment products; gas delivery systems, which include one or more gas lines, such as weldments, filters, mass flow controllers, regulators, pressure transducers and valves, component heaters, and an integrated electronic and/or pneumatic control system; fluid delivery systems consists of one or more chemical delivery units, including PFA tubing, filters, flow controllers, regulators, component heaters, and an integrated electronic and/or pneumatic control system; precision robotic systems that are used when accurate controlled motion is required; and other high level assemblies.

Ultra Clean Holdings Fundamentals Summary

How do Ultra Clean Holdings's earnings and revenue compare to its market cap?
UCTT fundamental statistics
Market CapUS$2.08b
Earnings (TTM)US$89.00m
Revenue (TTM)US$1.67b

23.4x

P/E Ratio

1.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
UCTT income statement (TTM)
RevenueUS$1.67b
Cost of RevenueUS$1.33b
Gross ProfitUS$339.00m
ExpensesUS$250.00m
EarningsUS$89.00m

Last Reported Earnings

Jun 25, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.99
Gross Margin20.35%
Net Profit Margin5.34%
Debt/Equity Ratio75.4%

How did UCTT perform over the long term?

See historical performance and comparison

Valuation

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

38.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: UCTT ($46.63) is trading below our estimate of fair value ($75.4)

Significantly Below Fair Value: UCTT is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: UCTT is good value based on its PE Ratio (23.4x) compared to the US Semiconductor industry average (30.7x).

PE vs Market: UCTT is poor value based on its PE Ratio (23.4x) compared to the US market (17.9x).


Price to Earnings Growth Ratio

PEG Ratio: UCTT is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: UCTT is good value based on its PB Ratio (2.7x) compared to the US Semiconductor industry average (4.5x).


Future Growth

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

34.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: UCTT's forecast earnings growth (34.3% per year) is above the savings rate (2%).

Earnings vs Market: UCTT's earnings (34.3% per year) are forecast to grow faster than the US market (15% per year).

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

Revenue vs Market: UCTT's revenue (13.3% per year) is forecast to grow faster than the US market (9.8% per year).

High Growth Revenue: UCTT's revenue (13.3% 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 UCTT's Return on Equity is forecast to be high in 3 years time


Past Performance

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

17.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: UCTT has high quality earnings.

Growing Profit Margin: UCTT's current net profit margins (5.3%) are higher than last year (1.7%).


Past Earnings Growth Analysis

Earnings Trend: UCTT has become profitable over the past 5 years, growing earnings by 17.4% per year.

Accelerating Growth: UCTT's earnings growth over the past year (330.7%) exceeds its 5-year average (17.4% per year).

Earnings vs Industry: UCTT earnings growth over the past year (330.7%) exceeded the Semiconductor industry 70.6%.


Return on Equity

High ROE: UCTT's Return on Equity (11.6%) is considered low.


Financial Health

How is Ultra Clean Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: UCTT's short term assets ($999.3M) exceed its short term liabilities ($355.0M).

Long Term Liabilities: UCTT's short term assets ($999.3M) exceed its long term liabilities ($703.0M).


Debt to Equity History and Analysis

Debt Level: UCTT's debt to equity ratio (75.4%) is considered high.

Reducing Debt: UCTT's debt to equity ratio has increased from 34.9% to 75.4% over the past 5 years.

Debt Coverage: UCTT's debt is well covered by operating cash flow (30.4%).

Interest Coverage: UCTT's interest payments on its debt are well covered by EBIT (8.3x 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?

2.5yrs

Average management tenure


CEO

Jim Scholhamer (55 yo)

6.67yrs

Tenure

US$3,417,579

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 ($USD3.42M) is about average for companies of similar size in the US market ($USD3.68M).

Compensation vs Earnings: Jim's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: UCTT's management team is considered experienced (2.5 years average tenure).


Board Members

Experienced Board: UCTT's board of directors are considered experienced (6.5 years average tenure).


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 10.6%.


Top Shareholders

Company Information

Ultra Clean Holdings, Inc.'s 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$2.084b
  • Shares outstanding: 44.70m
  • Website: https://www.uct.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/26 22:21
End of Day Share Price2021/09/24 00:00
Earnings2021/06/25
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.