Ultra Clean Holdings
Market Cap
US$923.9m
Last Updated
2020/06/05 03:50 UTC
Data Sources
Company Financials +
Executive Summary
Ultra Clean Holdings, Inc. designs, develops, prototypes, engineers, manufactures, and tests production tools, modules, and subsystems for the semiconductor and display capital equipment industries in the United States and internationally.
Rewards
Risk Analysis
Snowflake Analysis
Fair value with moderate growth potential.
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's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
11.5%
UCTT
4.5%
US Semiconductor
2.9%
US Market
1 Year Return
72.5%
UCTT
42.1%
US Semiconductor
8.9%
US Market
Return vs Industry: UCTT exceeded the US Semiconductor industry which returned 42.1% over the past year.
Return vs Market: UCTT exceeded the US Market which returned 8.9% over the past year.
Shareholder returns
| UCTT | Industry | Market | |
|---|---|---|---|
| 7 Day | 11.5% | 4.5% | 2.9% |
| 30 Day | 36.7% | 13.5% | 10.6% |
| 90 Day | 14.0% | 14.8% | 5.1% |
| 1 Year | 72.5%72.5% | 44.9%42.1% | 11.4%8.9% |
| 3 Year | 1.0%1.0% | 72.4%63.2% | 34.3%25.4% |
| 5 Year | 277.8%277.8% | 162.7%137.6% | 60.7%42.7% |
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
1 day ago | Simply Wall St
Don't Ignore The Fact That This Insider Just Sold Some Shares In Ultra Clean Holdings, Inc. (NASDAQ:UCTT)1 week ago | Simply Wall St
Does Ultra Clean Holdings, Inc.'s (NASDAQ:UCTT) CEO Pay Compare Well With Peers?1 month ago | Simply Wall St
Does The Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Share Price Tend To Follow The Market?Valuation
Is Ultra Clean Holdings undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: UCTT ($23.12) is trading below our estimate of fair value ($102.8)
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 (2.1x) compared to the US Semiconductor industry average (3.2x).
Next Steps
Future Growth
How is Ultra Clean Holdings forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
84.5%
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 (2.2%).
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 (7.4% per year) is forecast to grow slower than the US market (8.8% per year).
High Growth Revenue: UCTT's revenue (7.4% 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
Next Steps
Past Performance
How has Ultra Clean Holdings performed over the past 5 years?
16.6%
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 16.6% 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 (-10.8%).
Return on Equity
High ROE: UCTT has a negative Return on Equity (0.3%), as it is currently unprofitable.
Next Steps
Financial Health
How is Ultra Clean Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: UCTT's short term assets ($527.9M) exceed its short term liabilities ($213.0M).
Long Term Liabilities: UCTT's short term assets ($527.9M) exceed its long term liabilities ($396.4M).
Debt to Equity History and Analysis
Debt Level: UCTT's debt to equity ratio (71.8%) is considered high.
Reducing Debt: UCTT's debt to equity ratio has increased from 31.6% to 71.8% over the past 5 years.
Debt Coverage: UCTT's debt is well covered by operating cash flow (35.7%).
Interest Coverage: UCTT is unprofitable, therefore interest payments are not well covered by earnings.
Balance Sheet
Next Steps
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 (53yo)
5.42yrs
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 ($USD3.11M).
Compensation vs Earnings: Jim's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 5.42yrs | US$2.72m | 0.78% $7.2m | |
| Senior VP of Finance & CFO | 4.33yrs | US$1.52m | 0.36% $3.4m | |
| Chief Operating Officer | 1.25yrs | US$1.75m | no data | |
| President of Semiconductor Products & Solutions Business | 3.67yrs | US$1.09m | 0.15% $1.4m | |
| President of Semiconductor Services Business | 1.08yrs | US$1.21m | 0.030% $276.3k | |
| Senior VP & Chief Accounting Officer | 1.08yrs | no data | 0.11% $1.1m | |
| Vice President of Investor Relations | no data | no data | no data | |
| General Counsel & Corporate Secretary | 0.67yr | no data | no data | |
| Managing Director of Marketing | no data | no data | no data | |
| Senior Vice President of Global Human Resources | 4.42yrs | US$658.25k | 0.13% $1.2m |
2.5yrs
Average Tenure
50.5yo
Average Age
Experienced Management: UCTT's management team is considered experienced (2.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 5.42yrs | US$2.72m | 0.78% $7.2m | |
| Independent Director | 5yrs | US$199.61k | 0.087% $806.9k | |
| Independent Director | 5yrs | US$207.74k | 0.050% $460.0k | |
| Independent Director | 17.58yrs | US$204.22k | 0.20% $1.8m | |
| Independent Director | 2yrs | US$209.87k | 0.041% $379.2k | |
| Independent Director | 6.08yrs | US$201.41k | 0.082% $760.7k | |
| Independent Chairman of the Board | 13.67yrs | US$219.48k | 0.41% $3.8m | |
| Non-Executive Director | 13.33yrs | US$184.43k | 0.10% $957.2k | |
| Independent Director | 0.42yr | no data | 0.0056% $52.2k |
5.4yrs
Average Tenure
61yo
Average Age
Experienced Board: UCTT's board of directors are considered experienced (5.4 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 not been meaningfully diluted in the past year.
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$923.925m
- Shares outstanding: 39.96m
- Website: https://www.uct.com
Number of Employees
Location
- Ultra Clean Holdings, Inc.
- 26462 Corporate Avenue
- Hayward
- California
- 94545
- United States
Listings
| 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 |
Biography
Ultra Clean Holdings, Inc. designs, develops, prototypes, engineers, manufactures, and tests production tools, modules, and subsystems for the semiconductor and display capital equipment industries 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, a support structures fabricated from steel tubing or folded sheet metal; 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. In addition, the company provides tool chamber parts cleaning and coating services; micro-contamination analysis services for tool parts, wafers and depositions, chemicals, cleanroom materials, deionized water, and airborne molecular contamination; and analytical verification services for process tool chamber part cleaning. It primarily serves original equipment manufacturing customers in the semiconductor capital equipment and semiconductor integrated device manufacturing industries, as well as display, consumer, medical, energy, industrial, and research equipment industries. The company was founded in 1991 and is headquartered in Hayward, California.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/06/05 03:50 |
| End of Day Share Price | 2020/06/04 00:00 |
| Earnings | 2020/03/27 |
| Annual Earnings | 2019/12/27 |
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.