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 $2.7B against $2.4B — 1.1× the size. Ambarella, Inc. has negative trailing earnings, so its P/E is not meaningful; ACM Research, Inc. trades at 17.8×. 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 17.79 n/m 33.70
P/S 2.62 5.85 4.22
P/B 1.13 3.94 2.94
Price to free cash flow n/m n/m 31.49
EV/EBITDA 10.01 n/m 22.64
EV/Sales 1.54 5.20 4.97
Earnings yield 5.62% (2.32%) 2.02%
Free cash flow yield (4.38%) (0.23%) 2.27%

Profitability

Metric ACMR AMBA Semiconductor Equipment & Materials median
Gross margin 43.84% 58.52% 46.86%
Operating margin 13.29% (14.90%) 12.02%
Net margin 14.48% (13.48%) 10.16%
Free cash flow margin (11.48%) 2.33% 6.73%
Return on equity 8.35% (9.41%) 5.31%
Return on assets 5.52% (7.58%) 4.10%
Return on invested capital 6.70% (11.19%) 6.36%

Growth

Metric ACMR AMBA Semiconductor Equipment & Materials median
Revenue growth (TTM) 27.31% 20.04% 15.82%
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 3.56
Net debt to EBITDA (7.00) 5.48 (0.49)

Dividend

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

Size

Metric ACMR AMBA Semiconductor Equipment & Materials median
Market cap 2.74b 2.44b 3.04b

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