ACM Research, Inc. (ACMR) vs Onto Innovation Inc. (ONTO)

ACM Research, Inc. and Onto Innovation Inc. are both Semiconductor Equipment & Materials companies. Onto Innovation Inc. is the larger, with a market value of $14.4B against $4.9B — 2.9× the size. ACM Research, Inc. trades at the lower P/E: 31.7× against 109×. ACM Research, Inc. grew revenue faster over the last twelve months: 27.3% against 8.08%. ACM Research, Inc. has the higher net margin (14.5% vs 11.8%) and the higher return on invested capital (6.70% vs 5.56%). Across the 21 metrics below, ACM Research, Inc. leads on 17 and Onto Innovation Inc. on 4.

Valuation

Metric ACMR ONTO Semiconductor Equipment & Materials median
P/E 31.72 109.49 55.07
P/S 4.67 12.99 6.18
P/B 2.01 7.57 4.34
Price to free cash flow n/m 57.64 60.27
EV/EBITDA 23.34 65.47 40.24
EV/Sales 3.59 12.63 6.12
Earnings yield 3.15% 0.91% 1.06%
Free cash flow yield (2.46%) 1.73% 1.27%

Profitability

Metric ACMR ONTO Semiconductor Equipment & Materials median
Gross margin 43.84% 50.36% 43.95%
Operating margin 13.29% 12.02% 10.32%
Net margin 14.48% 11.84% 7.45%
Free cash flow margin (11.48%) 22.54% 6.77%
Return on equity 8.35% 6.82% 4.78%
Return on assets 5.52% 4.54% 3.62%
Return on invested capital 6.70% 5.56% 6.10%

Growth

Metric ACMR ONTO Semiconductor Equipment & Materials median
Revenue growth (TTM) 27.31% 8.08% 14.60%
EPS growth (last fiscal year) (10.46%) (31.53%) (4.56%)
Revenue growth, 5-year CAGR 41.91% 12.55% 10.11%
Net income growth, 5-year CAGR 38.03% 34.54% 0.00%

Health

Metric ACMR ONTO Semiconductor Equipment & Materials median
Debt to equity 0.14 0.77 0.09
Current ratio 3.66 9.73 3.66
Net debt to EBITDA (7.00) (3.39) (0.49)

Dividend

Metric ACMR ONTO Semiconductor Equipment & Materials median
Dividend yield — — 0.35%
Payout ratio — — 0.19

Size

Metric ACMR ONTO Semiconductor Equipment & Materials median
Market cap 4.93b 14.36b 4.70b

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