ACMR logo
ACM Research Inc.
ACMR
69.42 (0.79%) 0.55
Market cap
$4.84(B)
Earnings date
Nov-05-2026
Category
Sector
Information Technology
Industry
Semiconductors and Semiconductor Equipment
ACM Research Inc. together with its subsidiaries develops manufactures and sells capital equipment in Mainland China and internationally. 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; electrochemical plating furnace PECVD and track platforms; Space Alternated Phase Shift technology for flat and wafer surfaces; timely energized bubble oscillation technology for patterned wafer surfaces at advanced process nodes; and Tahoe technology; and semi-critical cleaning tools. It also offers advanced packaging equipment such as coaters developers photoresist strippers scrubbers wet etchers and copper-plating equipment; and advanced packaging products include: Ultra ECP ap which delivers a uniform metal layer to finished wafers prior to packaging; Ultra C Developer which applies liquid developer to selected parts of photoresist to resolve an image; Ultra C PR Megasonic-Assisted Stripper which removes photoresist; Ultra C Scrubber which scrubs and cleans wafers; Ultra C Thin Wafer Scrubber which addresses a sub-market of cleaning very thin wafers for certain Asian assembly factories; and Ultra C Wet Etcher which etches silicon wafers and copper and titanium interconnects. In addition the company provides ECP technology for advanced metal plating; Ultra fn Furnace a dry processing tool; Ultra Pmax PECVD tools a proprietary designed chamber gas distribution unit and chuck; and Ultra Track a 300mm process tool that delivers uniform air downflow fast robot handling and configurable software to address specific customer requirements. 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.
EV: $3.92(B)
Total Equity: $2.41(B)
Debt/Equity: 0.15
Dividend/share: $0.0
Div. yield: 0.00%
P/E: 30.45
Forward P/E: 32.29
P/FCF: N/A
P/S: 4.40
P/B: 2.60
EPS: $2.3
EPS (fwd): $2.1
FCF/share: $-1.7
Revenue/share: $15.8
Book value/share: $26.7
ROIC: 5.8%
ROA: 5.1%
ROE: 10.1%
Margins: Gross | Op. | Net
43.8% | 14.8% | 14.5%
0.0%of Portfolio
My holdings
Day change
Total change
PEvaluation
53%
$32.4
Valuation summary
Min
Max
Average
Median
Valuation comparison
Current price$69.4
Quality checklist score
6/8
Based on your selected metrics.
Debt/Equity < 1 Current Ratio > 1 Quick Ratio > 1 Net Margin > 10% Past Net Income CAGR > 0% Est. EPS Growth > 5%
5Y Shares Out Change < 0% ROIC > 10%

TTM Financials

Income (TTM)

RevenueGrossNet
Revenue$1.04(B)
Gross profit$454.91(M)
EBITDA$159.62(M)
Net income$150.23(M)
Gross margin43.8%
Operating margin14.8%
Net margin14.5%
Shares outstanding69.65(M)

Balance sheet

Cash & ST inv.Other ST assetsLong term assetsCurrent liabilitiesLong term debtOther LT liabilitiesEquity
Total assets$3.40(B)
Current assets$2.87(B)
Total liabilities$994.12(M)
Current liabilities$786.26(M)
Cash & Short-term inv.$1.44(B)
Long-term debt$192.90(M)
Total intangibles$2.52(M)
PP&E$401.23(M)

Cash flow (TTM)

CFOCFICFF
FCF$-118.74(M)
CapEx$-112.14(M)
Dividends paid$0
Stock issued$813.32(M)
Stock repurchased$-6.99(M)
Stock-based comp.$26.19(M)
Debt issued$239.54(M)
Debt repaid$-191.41(M)

Per share data (TTM)

Price
Price
$69.4
Income
Revenue
$15.84.4x|22.7%
Gross profit
$6.5310.6x|9.4%
Earnings (EPS)
$2.2830.4x|3.3%
Cash flow
FCF
-$1.70-40.8x|-2.4%
Stock-based comp.
$0.38184.6x|0.5%
CapEx
$1.6143.1x|2.3%
Dividend
$0.00|0.0%
Balance sheet
Total assets
$48.81.4x|70.3%
Total liabilities
$14.34.9x|20.6%
Book value
$26.72.6x|38.5%
Cash & ST inv.
$20.73.4x|29.8%
Debt
$2.7725.1x|4.0%
Forward earnings
EPS FY+1
$2.1532.3x|3.1%
EPS FY+2
$2.8924.0x|4.2%
EPS FY+3
$4.2016.5x|6.1%
Forward FCF
FCF FY+1
$2.2730.6x|3.3%
FCF FY+2
$1.8936.8x|2.7%
FCF FY+3
$2.1532.3x|3.1%
FCF FY+4
$2.7924.9x|4.0%
FCF FY+5
$3.7918.3x|5.5%

Summary

ACMR Valuation & Price Targets

Favorite Valuation Methods

PEvaluation
Analyst targets
DCF (2-stage)

More Valuation Methods

DCF (simple)
DCF (exit mult.)
DDM
EPS growth
Revenue growth
Peter Lynch FV
Graham No.

PEvaluation

CURRENT PRICE
$69
53% Overvalued
BEAR
BASE
BULL
Fair P/E
Margin of safety
EPS
Market Model
ROICRevenue growthFCF MarginShares outstan...Debt/EquityDebt/EBITDA
Economic moat: None/narrow

EPS Estimates

LowAvgHigh#
FY+11.92.12.64
FY+22.62.93.44
FY+33.94.24.52

Analyst Price Targets

CURRENT PRICE
$69
69% Undervalued
BEAR
BASE
BULL

Analyst Recommendations

Strong Buy2
Buy6
Hold1
Sell0
Strong Sell0

2-stage DCF

First Stage Duration: 5 Years
Starting Free Cash Flow
First Stage Growth Rate
Low
Mid
High
Terminal Growth Rate
Low
Mid
High
Discount Rate

Discounted Cash Flow

Forecast years: 5 Years
Terminal Growth Rate
Low
Mid
High
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: 5 Years
Exit FCF Multiple
Low
Mid
High
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%

Dividend Discount Model

Annual Dividend
First Stage Length (Years): 0 Years
First Stage Growth Rate
Low
Mid
High
Final Growth Rate
Low
Mid
High
Discount Rate

EPS Growth

Forecast years: 5 Years
Starting EPS
EPS Growth Rate
Low
Mid
High
Final P/E
Low
Mid
High
Discount Rate

Revenue Growth Valuation

Forecast Years: 10 Years
Base Revenue
Revenue Growth Rate
Low
Mid
High
Final Net Margin
Low
Mid
High
Final P/E Ratio
Low
Mid
High
Discount Rate

Peter Lynch Fair Value

Earnings Per Share
Growth Rate
Low
Mid
High

Graham Formula

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

Growth Estimates

Revenue

CAGR19.9%
TTMFY+1FY+2FY+3FY+4FY+5
TTM
$1.04(B)
FY+1
8
13%
$1.17(B)
FY+2
8
29%
$1.51(B)
FY+3
5
25%
$1.89(B)
FY+4
1
15%
$2.17(B)
FY+5
1
19%
$2.57(B)

Net Income

CAGR25.0%
TTMFY+1FY+2FY+3
TTM
$150.23(M)
FY+1
4
1%
$151.53(M)
FY+2
4
36%
$206.24(M)
FY+3
2
42%
$293.39(M)

EPS

CAGR22.6%
TTMFY+1FY+2FY+3
TTM
$2.28
FY+1
4
6%
$2.15
FY+2
4
34%
$2.89
FY+3
2
45%
$4.20

FCF per share

CAGR
TTMFY+1FY+2FY+3FY+4FY+5
TTM
$-1.70
FY+1
2
234%
$2.27
FY+2
2
17%
$1.89
FY+3
2
14%
$2.15
FY+4
1
30%
$2.79
FY+5
1
36%
$3.79

Historical Financials (in USD)

Income(show more...)
Q3'20 (TTM)Q3'21 (TTM)Q3'22 (TTM)Q3'23 (TTM)Q3'24 (TTM)Q3'25 (TTM)0.0200.0(M)400.0(M)600.0(M)800.0(M)
Revenue Operating Income Net IncomeCOGSGross ProfitTotal OpEx.R&DSG&AInterest ExpenseInterest IncomeOther Non-operating IncomePre-tax incomeIncome tax
Cash flow(show more...)
Q3'20 (TTM)Q3'21 (TTM)Q3'22 (TTM)Q3'23 (TTM)Q3'24 (TTM)Q3'25 (TTM)-150.0(M)-100.0(M)-50.0(M)0.050.0(M)
Stock-based Comp. FCFCFONet IncomeD&AChange in Working CapitalCFFStock IssuedStock RepurchasedDebt IssuedDebt RepaidDividend PaidCFIAcquisitionsDivestituresCapital Expenditures
Balance sheet(show more...)
Q3'20 (TTM)Q3'21 (TTM)Q3'22 (TTM)Q3'23 (TTM)Q3'24 (TTM)Q3'25 (TTM)0.0500.0(M)1.0(B)1.5(B)2.0(B)2.5(B)
Total Assets Total LiabilitiesCurrent assetsCash and EquivalentsShort-term investmentsInventoriesReceivablesNon-current assetsNet PP&EIntangible AssetsGoodwillCurrent liabilitiesShort-Term DebtAccounts payableNon-current liabilitiesLong-Term DebtTotal Equity
Per share data(show more...)
Q3'20 (TTM)Q3'21 (TTM)Q3'22 (TTM)Q3'23 (TTM)Q3'24 (TTM)Q3'25 (TTM)-2.0-1.00.01.0
EPS (Basic) FCF/Share Dividend/ShareEPS (Diluted)Book value/ShareCash & ST inv./ShareDebt/Share
Ratios(show more...)
Q3'20 (TTM)Q3'21 (TTM)Q3'22 (TTM)Q3'23 (TTM)Q3'24 (TTM)Q3'25 (TTM)0.020.040.060.0
P/E P/S EV/EarningsP/FCFP/BDebt/EquityPayout ratio
Margins(show more...)
Q3'20 (TTM)Q3'21 (TTM)Q3'22 (TTM)Q3'23 (TTM)Q3'24 (TTM)Q3'25 (TTM)0%10%20%30%40%50%
Net Income Margin Operating Margin Gross MarginEBITDA Margin
Returns(show more...)
Q3'20 (TTM)Q3'21 (TTM)Q3'22 (TTM)Q3'23 (TTM)Q3'24 (TTM)Q3'25 (TTM)0%2%4%6%8%10%12%
ROIC ROAROCEROE
Shares outstanding(show more...)
Q3'20 (TTM)Q3'21 (TTM)Q3'22 (TTM)Q3'23 (TTM)Q3'24 (TTM)Q3'25 (TTM)0.010.0(M)20.0(M)30.0(M)40.0(M)50.0(M)60.0(M)
Shares (Basic)Shares (Diluted)
Market Cap.(show more...)
Q3'20 (TTM)Q3'21 (TTM)Q3'22 (TTM)Q3'23 (TTM)Q3'24 (TTM)Q3'25 (TTM)0.0500.0(M)1.0(B)1.5(B)2.0(B)2.5(B)
Market Cap.

ACMR vs Peers

Similar Companies

Ownership

Major holders

*Excludes indirect insider ownership

Insiders: 12.68%
Institutions: 78.06%
Other: 9.27%

Institutional ownership

13.39% Blackrock Inc.5.18% Vanguard Portfolio Man...3.81% Vanguard Capital Manag...3.71% Capital World Investor...3.38% State Street Corporati...2.30% Geode Capital Manageme...1.81% Invesco Ltd.1.63% Value Aligned Research...1.50% WFM ASIA (BVI) Ltd1.48% Dimensional Fund Advis...39.87% Others

Trading Summary

In the past year, insiders have sold a net of $45.88(M).

Total insider buys: $0.00
Total insider sells: $45.88(M)

In the past year, Congress members have had a net of $0.

Total congressional buys (avg): $0.00
Total congressional sells (avg): $0.00

Based on the reported ranges: buys $0.00–$0.00, sells $0.00–$0.00.

Insider transactions

$0.002026-10$0.00
$0.002026-09$0.00
$4.67(M)2026-08$0.00
$0.002026-07$0.00
$10.42(M)2026-06$0.00
$3311112026-05$0.00
$2600002026-04$0.00
$14.41(M)2026-03$0.00
$0.002026-02$0.00
$0.002026-01$0.00
$9.43(M)2025-12$0.00
$9979502025-11$0.00
$0.002025-10$0.00
DateSharesTotal ($)Price ($)NameTitle
Sell2026-08-2055,1994,264,97177.3MCKECHNIE MARK AChief Financial Officer
Grant2026-08-2055,199935,82917.0MCKECHNIE MARK AChief Financial Officer
Sell2026-08-185,000405,67081.1DUN HAIPINGDirector
Grant2026-08-185,00028,0005.6DUN HAIPINGDirector
Sell2026-06-0518,7501,585,92384.6CHEAV SOTHEARAOfficer
Grant2026-06-0518,750260,43813.9CHEAV SOTHEARAOfficer
Sell2026-06-04100,0028,835,38888.4WANG DAVID HUIChief Executive Officer
Grant2026-06-04100,002100,0021.0WANG DAVID HUIChief Executive Officer
Sell2026-05-195,000331,11166.2DUN HAIPINGDirector
Grant2026-05-195,00028,0005.6DUN HAIPINGDirector
Sell2026-04-175,000260,00052.0PAPPIS CHARLES CDirector
Grant2026-04-175,000145,90029.2PAPPIS CHARLES CDirector
Sell2026-03-12110,0005,154,40546.9WANG DAVID HUIChief Executive Officer
Sell2026-03-1298,5514,491,95245.6MCKECHNIE MARK AChief Financial Officer
Grant2026-03-12110,000110,0001.0WANG DAVID HUIChief Executive Officer
Grant2026-03-1298,5511,584,75916.1MCKECHNIE MARK AChief Financial Officer
Sell2026-03-1160,0002,850,78247.5LIU TRACY DONGDirector
Grant2026-03-1160,00060,0001.0LIU TRACY DONGDirector
Sell2026-03-095,000217,36343.5DUN HAIPINGDirector
Grant2026-03-095,00028,0005.6DUN HAIPINGDirector
Sell2026-03-0630,0001,441,29048.0FENG LISA YI LUOfficer
Grant2026-03-0630,000136,5004.5FENG LISA YI LUOfficer
Sell2026-03-055,000250,45050.1PAPPIS CHARLES CDirector
Grant2026-03-055,000145,90029.2PAPPIS CHARLES CDirector
Sell2025-12-0831,2501,091,50734.9MCKECHNIE MARK AChief Financial Officer
Grant2025-12-0831,250612,43819.6MCKECHNIE MARK AChief Financial Officer
Sell2025-12-04130,0004,361,47733.5WANG DAVID HUIChief Executive Officer
Grant2025-12-04130,000130,0001.0WANG DAVID HUIChief Executive Officer
Sell2025-12-03120,0003,981,15633.2CHEN FUPINGOfficer
Grant2025-12-03120,000212,4001.8CHEN FUPINGOfficer
Sell2025-11-1330,000997,95033.3FENG LISA YI LUOfficer
Grant2025-11-1330,000168,0005.6FENG LISA YI LUOfficer
Grant2025-11-12755,09000.0DUN HAIPINGDirector
Sell2025-09-1810,000350,00035.0CHEAV SOTHEARAOfficer
Sell2025-09-1830,0001,050,00035.0WANG JIANOfficer
Grant2025-09-1810,000138,90013.9CHEAV SOTHEARAOfficer
Grant2025-09-1830,000168,0005.6WANG JIANOfficer
Sell2025-09-1715,000495,00033.0LIU TRACY DONGDirector
Grant2025-09-1715,00015,0001.0LIU TRACY DONGDirector
Grant2025-09-08130,000130,0001.0WANG DAVID HUIChief Executive Officer
Sell2025-09-04130,0003,459,78726.6WANG DAVID HUIChief Executive Officer
Grant2025-09-04130,000130,0001.0WANG DAVID HUIChief Executive Officer

Congressional trading

Congressional trading data not available.

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