ACMR logo
ACM Research Inc.
ACMR
29.91 (2.82%) 0.84
1.92(B)
Information Technology
Semiconductors and Semiconductor Equipment
ACM Research Inc. together with its subsidiaries develops manufactures and sells capital equipment worldwide. It also develops manufactures and sells a range of packaging tools to wafer assembly and packaging customers. The company provides Wet Cleaning Equipment for Front End Production Processes; Ultra C SAPS II and Ultra C SAPS V which are a single-wafer serial-processing tool used to remove random defects from wafer surfaces or interconnects and barrier metals as part of the chip front-end fabrication process or for recycling test wafers; and Ultra C TEBO II and Ultra C TEBO V a single-wafer serial-processing tool used at numerous manufacturing processing steps for cleaning of chips at process nodes of 28nm or less. In addition it offers Ultra-C Tahoe wafer cleaning tool that delivers high cleaning performance using significantly less sulfuric acid and hydrogen peroxide than is typically consumed by conventional high-temperature single-wafer cleaning tools; and advanced packaging tools such as coaters developers photoresist strippers scrubbers wet etchers and copper-plating tools. Further the company provides e Ultra fn Furnace a dry processing tool; Ultra Pmax™ PECVD tool for film uniformity; Ultra Track tool a 300mm process tool that delivers air downflow robot handling and customizable software to address specific customer requirements; and a suite of semi-critical cleaning systems which include single wafer back side cleaning scrubber and auto bench cleaning tools. It markets and sells its products under the SAPS TEBO ULTRA C ULTRA Fn Ultra ECP Ultra ECP map and Ultra ECP ap trademarks through direct sales force and third-party representatives. ACM Research Inc. was incorporated in 1998 and is headquartered in Fremont California.
My Holdings:
(?% ownership)
Shares:
Cost basis:
Market cap:$1.92(B)
EV:$1.92(B)
Total Equity:$1.19(B)
Div. yield:0.00%
Earnings date:Nov-05-2025
P/E:16.80
P/E (fwd):14.04
P/FCF:N/A
P/S:2.32
P/B:1.94
EPS:$1.8
EPS (fwd):$2.1
FCF/share:$-0.2
Dividend/share:$0.0
Book value/share:$15.4
ROIC:7.5%
ROA:6.0%
ROE:12.3%
Gross margin:49.4%
Net margin:13.8%

ACMR Valuation & Price Targets

Current Price
$29.9
Day change: +2.82%
PEvaluation
N/A
N/A
Analyst targets
N/A
N/A

More Valuation Methods

DCF (2-stage)
N/A
N/A
DCF (simple)
N/A
N/A
DCF (exit mult.)
N/A
N/A
Future P/E
N/A
N/A
Peter Lynch FV
N/A
N/A
Graham No.
N/A
N/A
DDM
N/A
N/A

PEvaluation

21% overvalued
Low
$17.8
Mid
$23.7
High
$29.7
Current price
$29.9
Fair P/E
Margin of safety
Market Model
Shares outstan...ROICRevenue growthDebt/FCFAssets/Liabili...
Economic moat: None/narrow

EPS Estimates

LowAvgHigh#
FY+12.02.12.44
FY+22.02.32.74
EPS

Analyst Price Targets

18% undervalued
Low
$30.0
Mid
$35.1
High
$40.0
Current price
$29.9

Analyst Recommendations

Strong Buy2
Buy6
Hold1
Sell0
Strong Sell0

EPS Estimates

LowAvgHigh#
FY+12.02.12.44
FY+22.02.32.74

2-stage DCF

First Stage Duration
Starting Free Cash Flow
First Stage Growth Rate
Terminal Growth Rate
Discount Rate

Discounted Cash Flow

Forecast years
Terminal Growth Rate
Discount Rate
Free cash flow estimates:
Y+1 est.
Y+2 est.
0.00%
Y+3 est.
0.00%
Y+4 est.
0.00%
Y+5 est.
0.00%

Discounted Cash Flow (exit mult.)

Forecast years
Exit FCF Multiple
Discount Rate
Free cash flow estimates:
Y+1 est.
Y+2 est.
0.00%
Y+3 est.
0.00%
Y+4 est.
0.00%
Y+5 est.
0.00%

Future P/E Valuation

Projection Years
Base Revenue
Revenue Growth Rate
Final Net Margin
Final P/E Ratio
Discount Rate

Peter Lynch Fair Value

Earnings Per Share
Growth Rate

Graham Formula

Earnings Per Share
EPS Growth (7-10 years)
Government Bond Rate

Dividend Discount Model

Annual Dividend
First Stage Length (Years)
First Stage Growth Rate
Final Growth Rate
Discount Rate

Summary

TTM Financials

Income (TTM)

RevenueGrossNet
Revenue$815.17(M)
Gross profit$402.66(M)
EBITDA$157.28(M)
Net income$112.12(M)
Gross margin49.4%
Operating margin17.9%
Net margin13.8%
Shares outstanding:64.18(M)

Balance sheet

Cash & ST inv.Other ST assetsLong term assetsCurrent liabilitiesLong term debtOther LT liabilitiesEquity
Total assets$2.04(B)
Current assets$1.65(B)
Total liabilities$848.03(M)
Current liabilities$671.01(M)
Cash & Short-term inv.$494.22(M)
Long-term debt$162.99(M)
Total intangibles$2.85(M)
PP&E$308.23(M)

Cash flow (TTM)

CFOCFICFF
FCF$-14.52(M)
CapEx$-75.41(M)
Dividends paid$0
Stock issued$28.24(M)
Stock repurchased$-6.99(M)
Stock-based comp.$40.25(M)
Debt issued$208.51(M)
Debt repaid$-77.90(M)

Per share data (TTM)

Price: $29.9
Revenue: $12.9 (2.3x | 43.2%) Gross profit: $6.27 (4.8x | 21.0%) Earnings: $1.78 (16.8x | 6.0%)
FCF: $-0.23 (-130.0x | -0.8%) Stock-based Comp.: $0.63 (47.7x | 2.1%) Dividend: $0.00 (N/A | 0.0%)
Total Assets: $31.8 (0.9x | 106.3%) Total Liabilities: $13.2 (2.3x | 44.2%) Book Value: $15.4 (1.9x | 51.4%) Cash & ST inv.: $7.70 (3.9x | 25.7%) Debt: $2.54 (11.8x | 8.5%)

Growth Estimates

Revenue

CAGR: 15.4%
FY+1FY+2FY+3FY+4FY+5
FY+1$914.62(M)
FY+2(+17.1%)$1.07(B)
FY+3(+19.7%)$1.28(B)
FY+4(+13.7%)$1.46(B)
FY+5(+11.4%)$1.62(B)

Net Income

CAGR: 3.8%
FY+1FY+2
FY+1$138.81(M)
FY+2(+3.8%)$144.12(M)

EPS

CAGR: 5.6%
FY+1FY+2
FY+1$2.13
FY+2(+5.6%)$2.25

FCF per share

No analyst estimates.

Historical Financials

Showing limited histrical data.
YearlyQuarterly
Income
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY20240.0200.0(M)400.0(M)600.0(M)
Revenue Operating Income Net IncomeCOGSGross ProfitTotal OpEx.R&DSG&AInterest ExpenseInterest IncomePre-tax incomeIncome tax
Cash flow
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024-150.0(M)-100.0(M)-50.0(M)0.050.0(M)
Stock-based Comp. FCFCFONet IncomeD&ACFFStock IssuedStock RepurchasedDebt IssuedDebt RepaidDividend PaidCFIAcquisitionsDivestituresCapital Expenditures
Balance sheet
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY20240.0500.0(M)1.0(B)1.5(B)
Total Assets Total LiabilitiesCurrent assetsCash and EquivalentsShort-term investmentsInventoriesReceivablesNon-current assetsNet PP&EIntangible AssetsGoodwillCurrent liabilitiesAccounts payableNon-current liabilitiesLong-Term DebtTotal Equity
Per share data
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024-2.0-1.00.01.0
EPS (Basic) FCF/Share Dividend/ShareEPS (Diluted)Book value/ShareCash & ST inv./ShareDebt/Share
Ratios
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY20240.020.040.060.080.0
P/E P/S EV/EarningsP/FCFP/BEV/FCFDebt/EquityPayout ratio
Margins
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY20240%10%20%30%40%50%
Net Income Margin Operating Margin Gross MarginEBITDA MarginFCF Margin
Returns
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY20240%2%4%6%8%
ROIC ROAROCEROE
Shares outstanding
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY20240.010.0(M)20.0(M)30.0(M)40.0(M)50.0(M)60.0(M)
Shares (Basic)Shares (Diluted)
Market Cap.
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY20240.0500.0(M)1.0(B)1.5(B)
Market Cap.

KPIs

No KPI data available yet!

Similar Companies

Ownership

Major holders

*Excludes indirect insider ownership

Insiders: 15.04%
Institutions: 70.23%
Other: 14.74%

Institutional ownership

7.26% Vanguard Group Inc6.94% Blackrock Inc.3.89% Mitsubishi UFJ Trust &...2.32% Triata Capital Ltd2.26% Invesco Ltd.2.09% State Street Corporati...2.09% Geode Capital Manageme...1.81% Federated Hermes, Inc.1.73% Pertento Partners LLP1.58% Point72 Asset Manageme...38.26% Others

Trading Summary

In the past year, insiders have bought $0.00 worth of the company's stock, and sold $68.14(M).

Congress members have bought between $0.00 - $0.00 worth of the company's stock, and sold between $0.00 - $0.00.

Insider transactions

2025-09

$0.00
$0.00

2025-08

$0.00
$0.00

2025-07

$870000
$0.00

2025-06

$390000
$0.00

2025-05

$3.39(M)
$0.00

2025-04

$0.00
$0.00

2025-03

$9.53(M)
$0.00

2025-02

$849754
$0.00

2025-01

$0.00
$0.00

2024-12

$0.00
$0.00

2024-11

$3.68(M)
$0.00

2024-10

$48.79(M)
$0.00

2024-09

$0.00
$0.00
DateSharesTotal ($)Price ($)NameTitle
Sell2025-07-1515,000450,00030.0LIU TRACY DONG CPADirector
Grant2025-07-1515,00015,0001.0LIU TRACY DONG CPADirector
Sell2025-07-0715,000420,00028.0FENG LISA YI LUOfficer
Grant2025-07-0715,00084,0005.6FENG LISA YI LUOfficer
Sell2025-06-2415,000390,00026.0FENG LISA YI LUOfficer
Grant2025-06-2415,00084,0005.6FENG LISA YI LUOfficer
Sell2025-05-22130,0003,009,80423.2WANG DAVID HUIChief Executive Officer
Grant2025-05-22130,000130,0001.0WANG DAVID HUIChief Executive Officer
Sell2025-05-1415,000378,30025.2MCKECHNIE MARK AChief Financial Officer
Grant2025-05-1415,00084,0005.6MCKECHNIE MARK AChief Financial Officer
Sell2025-03-17163,3084,899,24030.0HU CHENMING CDirector
Sell2025-03-149,518275,97629.0DUN HAIPINGDirector
Sell2025-03-13131,2503,546,55427.0WANG DAVID HUIChief Executive Officer
Sell2025-03-1215,000411,30027.4MCKECHNIE MARK AChief Financial Officer
Grant2025-03-1215,00084,0005.6MCKECHNIE MARK AChief Financial Officer
Sell2025-03-1015,001398,12726.5DUN HAIPINGDirector
Grant2025-03-03210,000105,0000.5WANG DAVID HUIChief Executive Officer
Grant2025-03-0325,00112,5000.5DUN HAIPINGDirector
Sell2025-02-0622,598519,75423.0CHEAV SOTHEARAOfficer
Sell2025-02-0615,000330,00022.0MCKECHNIE MARK AChief Financial Officer
Grant2025-02-0622,598313,88613.9CHEAV SOTHEARAOfficer
Grant2025-02-0615,00084,0005.6MCKECHNIE MARK AChief Financial Officer
Sell2024-11-2956,250981,00017.4WANG DAVID HUIChief Executive Officer
Sell2024-11-2919,058332,18117.4DUN HAIPINGDirector
Sell2024-11-2656,2501,006,08717.9WANG DAVID HUIChief Executive Officer
Sell2024-11-2256,2501,073,25019.1WANG DAVID HUIChief Executive Officer
Sell2024-11-2215,000286,80019.1DUN HAIPINGDirector
Grant2024-11-14270,000135,0000.5WANG DAVID HUIOfficer, Director and Beneficial Owner
Grant2024-11-1435,00017,5000.5DUN HAIPINGDirector
Sell2024-10-081,065,39623,516,56122.1XING XIAODirector
Sell2024-10-081,065,39623,519,66022.1SHANGHAI SCIENCE AND TECHNOLOGY VENTURE CAPITAL CO., LTD.Beneficial Owner of more than 10% of a Class of Security
Sell2024-10-0416,516363,35222.0MCKECHNIE MARK AOfficer
Grant2024-10-0416,51692,4905.6MCKECHNIE MARK AOfficer
Sell2024-10-0234,604693,92120.1XING XIAODirector
Sell2024-10-0234,604693,92120.1SHANGHAI SCIENCE AND TECHNOLOGY VENTURE CAPITAL CO., LTD.Beneficial Owner of more than 10% of a Class of Security
Sell2024-08-2919,097345,27418.1DUN HAIPINGDirector
Sell2024-08-2215,000297,75019.9DUN HAIPINGDirector
No congressional trading data available.

Tools

Dividend Income

Investment Amount
Dividend Yield
What is the Dividend Income Calculator?

The Dividend Income Calculator helps you estimate the yearly, quarterly, monthly, and daily income of your investments.

How to Use This Calculator?

Enter the dividend yield and the invested amount. Optionally, preload stock data to automatically fetch the dividend yield.

Required Investment

Dividend Yield
Desired Yearly Payout
Desired Quarterly Payout
Desired Monthly Payout
What is the Required Investment Calculator?

The Required Investment Calculator helps you determine the amount of money you need to invest in a stock to achieve a desired dividend.

How to Use This Calculator?

Enter the dividend yield and your desired dividend income. Optionally, preload stock data to automatically fetch the dividend yield.

Future Dividend Yield

Base Dividend
Current Price
Number of Years
Dividend Growth Rate
What is the Future Yield Calculator?

The Future Yield Calculator helps you estimate the future dividend yield of a stock based on its current dividend, price, and expected dividend growth rate.

How to Use This Calculator?

Enter the base dividend, current price, number of years, and dividend growth rate. Optionally, preload stock data to automatically fetch the dividend and price. The calculator will display the current yield and the projected future yield.

Future Dividend Income

Base Dividend
Number of Years
Dividend Growth Rate
What is the Future Dividend Income Calculator?

The Future Dividend Income Calculator helps you estimate the future dividend income from your investments based on the current dividend yield and expected growth rate.

How to Use This Calculator?

Enter the current dividend yield, expected growth rate, and investment duration. Optionally, preload stock data to automatically fetch the dividend yield.