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 ($4.1B and $3.8B). ACM Research, Inc. trades at the lower P/E: 23.6× against 1,716×. 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 23.58 1,715.67 45.03
P/S 3.47 25.11 4.64
P/B 1.50 3.47 3.22
Price to free cash flow n/m n/m 48.18
EV/EBITDA 15.55 205.99 33.11
EV/Sales 2.39 22.20 5.52
Earnings yield 4.24% 0.06% 1.41%
Free cash flow yield (3.31%) (0.62%) 1.67%

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%) (4.56%)
Revenue growth, 5-year CAGR 41.91% (1.52%) 10.11%
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 — — 0.42%
Payout ratio — — 0.19

Size

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

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