ACM Research, Inc. (ACMR) vs Ambarella, Inc. (AMBA)

ACM Research, Inc. and Ambarella, Inc. are both Semiconductor Equipment & Materials companies. ACM Research, Inc. is the larger, with a market value of $4.1B against $2.8B — 1.4× the size. Ambarella, Inc. has negative trailing earnings, so its P/E is not meaningful; ACM Research, Inc. trades at 23.6×. ACM Research, Inc. grew revenue faster over the last twelve months: 27.3% against 20.0%. ACM Research, Inc. has the higher net margin (14.5% vs −13.5%) and the higher return on invested capital (6.70% vs −11.2%). Across the 19 metrics below, ACM Research, Inc. leads on 14 and Ambarella, Inc. on 5.

Valuation

Metric ACMR AMBA Semiconductor Equipment & Materials median
P/E 23.58 n/m 45.03
P/S 3.47 6.48 4.64
P/B 1.50 4.36 3.22
Price to free cash flow n/m n/m 48.18
EV/EBITDA 15.55 n/m 33.11
EV/Sales 2.39 5.82 5.52
Earnings yield 4.24% (2.10%) 1.41%
Free cash flow yield (3.31%) (0.21%) 1.67%

Profitability

Metric ACMR AMBA Semiconductor Equipment & Materials median
Gross margin 43.84% 58.52% 43.95%
Operating margin 13.29% (14.90%) 10.32%
Net margin 14.48% (13.48%) 7.45%
Free cash flow margin (11.48%) 2.33% 6.77%
Return on equity 8.35% (9.41%) 4.78%
Return on assets 5.52% (7.58%) 3.62%
Return on invested capital 6.70% (11.19%) 6.10%

Growth

Metric ACMR AMBA Semiconductor Equipment & Materials median
Revenue growth (TTM) 27.31% 20.04% 14.60%
EPS growth (last fiscal year) (10.46%) 37.32% (4.56%)
Revenue growth, 5-year CAGR 41.91% 11.87% 10.11%
Net income growth, 5-year CAGR 38.03% 0.00% 0.00%

Health

Metric ACMR AMBA Semiconductor Equipment & Materials median
Debt to equity 0.14 0.00 0.09
Current ratio 3.66 2.85 3.66
Net debt to EBITDA (7.00) 5.48 (0.49)

Dividend

Metric ACMR AMBA Semiconductor Equipment & Materials median
Dividend yield — — 0.42%
Payout ratio — — 0.19

Size

Metric ACMR AMBA Semiconductor Equipment & Materials median
Market cap 4.05b 2.80b 3.80b

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