Axcelis Technologies, Inc. (ACLS) vs ACM Research, Inc. (ACMR)

Axcelis Technologies, Inc. and ACM Research, Inc. are both Semiconductor Equipment & Materials companies. Axcelis Technologies, Inc. and ACM Research, Inc. are of similar size ($2.8B and $2.7B). ACM Research, Inc. trades at the lower P/E: 17.8× against 26.6×. ACM Research, Inc. grew revenue faster over the last twelve months: 27.3% against 4.35%. ACM Research, Inc. has the higher net margin (14.5% vs 11.8%) and the lower return on invested capital (6.70% vs 8.43%). Across the 21 metrics below, ACM Research, Inc. leads on 14 and Axcelis Technologies, Inc. on 7.

Valuation

Metric ACLS ACMR Semiconductor Equipment & Materials median
P/E 26.59 17.79 33.70
P/S 3.13 2.62 4.22
P/B 2.50 1.13 2.94
Price to free cash flow 46.45 n/m 31.49
EV/EBITDA 22.71 10.01 22.64
EV/Sales 2.66 1.54 4.97
Earnings yield 3.76% 5.62% 2.02%
Free cash flow yield 2.15% (4.38%) 2.27%

Profitability

Metric ACLS ACMR Semiconductor Equipment & Materials median
Gross margin 42.81% 43.84% 46.86%
Operating margin 10.31% 13.29% 12.02%
Net margin 11.75% 14.48% 10.16%
Free cash flow margin 6.73% (11.48%) 6.73%
Return on equity 9.80% 8.35% 5.31%
Return on assets 7.39% 5.52% 4.10%
Return on invested capital 8.43% 6.70% 6.36%

Growth

Metric ACLS ACMR Semiconductor Equipment & Materials median
Revenue growth (TTM) 4.35% 27.31% 15.82%
EPS growth (last fiscal year) (38.21%) (10.46%) (4.56%)
Revenue growth, 5-year CAGR 12.07% 41.91% 10.11%
Net income growth, 5-year CAGR 19.19% 38.03% 0.00%

Health

Metric ACLS ACMR Semiconductor Equipment & Materials median
Debt to equity 0.04 0.14 0.09
Current ratio 4.43 3.66 3.56
Net debt to EBITDA (2.51) (7.00) (0.49)

Dividend

Metric ACLS ACMR Semiconductor Equipment & Materials median
Dividend yield — — 0.59%
Payout ratio — — 0.16

Size

Metric ACLS ACMR Semiconductor Equipment & Materials median
Market cap 2.78b 2.74b 3.04b

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