ACM Research, Inc. (ACMR) vs AXT Inc (AXTI)

ACM Research, Inc. and AXT Inc are both Semiconductor Equipment & Materials companies. ACM Research, Inc. and AXT Inc are of similar size ($5.4B and $5.1B). ACM Research, Inc. trades at the lower P/E: 34.4× against 2,631×. AXT Inc grew revenue faster over the last twelve months: 45.8% against 27.3%. ACM Research, Inc. has the higher net margin (14.5% vs 3.23%) and the higher return on invested capital (6.70% vs 0.44%). Across the 21 metrics below, ACM Research, Inc. leads on 17 and AXT Inc on 4.

Valuation

Metric ACMR AXTI Semiconductor Equipment & Materials median
P/E 34.36 2,631.33 54.39
P/S 5.06 38.51 6.08
P/B 2.18 5.32 4.89
Price to free cash flow n/m n/m 60.92
EV/EBITDA 25.86 330.45 39.95
EV/Sales 3.98 35.61 6.36
Earnings yield 2.91% 0.04% 1.14%
Free cash flow yield (2.27%) (0.40%) 1.28%

Profitability

Metric ACMR AXTI Semiconductor Equipment & Materials median
Gross margin 43.84% 32.18% 43.95%
Operating margin 13.29% 3.09% 10.32%
Net margin 14.48% 3.23% 7.45%
Free cash flow margin (11.48%) (15.59%) 6.77%
Return on equity 8.35% 0.73% 4.78%
Return on assets 5.52% 0.57% 3.62%
Return on invested capital 6.70% 0.44% 6.10%

Growth

Metric ACMR AXTI Semiconductor Equipment & Materials median
Revenue growth (TTM) 27.31% 45.81% 14.60%
EPS growth (last fiscal year) (10.46%) (81.48%) —
Revenue growth, 5-year CAGR 41.91% (1.52%) 8.85%
Net income growth, 5-year CAGR 38.03% 0.00% 0.00%

Health

Metric ACMR AXTI Semiconductor Equipment & Materials median
Debt to equity 0.14 0.09 0.09
Current ratio 3.66 4.77 3.66
Net debt to EBITDA (7.00) 5.10 (0.49)

Dividend

Metric ACMR AXTI Semiconductor Equipment & Materials median
Dividend yield — — 0.85%
Payout ratio 0.00 0.00 0.00

Size

Metric ACMR AXTI Semiconductor Equipment & Materials median
Market cap 5.38b 5.14b 4.63b

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