Ambarella, Inc. (AMBA) vs Ichor Holdings, Ltd. (ICHR)

Ambarella, Inc. and Ichor Holdings, Ltd. are both Semiconductor Equipment & Materials companies. Ambarella, Inc. is the larger, with a market value of $3.1B against $2.1B — 1.5× the size. Ambarella, Inc. grew revenue faster over the last twelve months: 20.0% against 9.10%. Ichor Holdings, Ltd. has the higher net margin (−3.97% vs −13.5%) and the higher return on invested capital (−2.05% vs −11.2%). Across the 18 metrics below, Ichor Holdings, Ltd. leads on 10 and Ambarella, Inc. on 8.

Valuation

Metric AMBA ICHR Semiconductor Equipment & Materials median
P/E n/m n/m 54.39
P/S 7.68 2.02 6.08
P/B 5.17 2.37 4.89
Price to free cash flow n/m n/m 60.92
EV/EBITDA n/m 220.78 39.95
EV/Sales 7.03 1.89 6.36
Earnings yield (1.77%) (2.02%) 1.14%
Free cash flow yield (0.18%) (1.65%) 1.28%

Profitability

Metric AMBA ICHR Semiconductor Equipment & Materials median
Gross margin 58.52% 10.39% 43.95%
Operating margin (14.90%) (2.37%) 10.32%
Net margin (13.48%) (3.97%) 7.45%
Free cash flow margin 2.33% (2.53%) 6.77%
Return on equity (9.41%) (5.17%) 4.78%
Return on assets (7.58%) (3.71%) 3.62%
Return on invested capital (11.19%) (2.05%) 6.10%

Growth

Metric AMBA ICHR Semiconductor Equipment & Materials median
Revenue growth (TTM) 20.04% 9.10% 14.60%
EPS growth (last fiscal year) 37.32% (140.63%) —
Revenue growth, 5-year CAGR 11.87% 0.72% 8.85%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric AMBA ICHR Semiconductor Equipment & Materials median
Debt to equity 0.00 0.14 0.09
Current ratio 2.85 3.70 3.66
Net debt to EBITDA 5.48 (4.73) (0.49)

Dividend

Metric AMBA ICHR Semiconductor Equipment & Materials median
Dividend yield — — 0.85%
Payout ratio 0.00 0.00 0.00

Size

Metric AMBA ICHR Semiconductor Equipment & Materials median
Market cap 3.13b 2.14b 4.63b

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