Ambarella, Inc. (AMBA) vs Trio-Tech International (TRT)

Ambarella, Inc. and Trio-Tech International are both Semiconductor Equipment & Materials companies. Ambarella, Inc. is the larger, with a market value of $3.1B against $75.0M — 41.7× the size. Ambarella, Inc. has negative trailing earnings, so its P/E is not meaningful; Trio-Tech International trades at 156×. Trio-Tech International grew revenue faster over the last twelve months: 64.1% against 20.0%. Trio-Tech International has the higher net margin (0.60% vs −13.5%) and the higher return on invested capital (1.89% vs −11.2%). Across the 18 metrics below, Trio-Tech International leads on 13 and Ambarella, Inc. on 5.

Valuation

Metric AMBA TRT Semiconductor Equipment & Materials median
P/E n/m 155.50 54.39
P/S 7.68 0.94 6.08
P/B 5.17 1.69 4.89
Price to free cash flow n/m 376.61 60.92
EV/EBITDA n/m 14.34 39.95
EV/Sales 7.03 0.69 6.36
Earnings yield (1.77%) 0.64% 1.14%
Free cash flow yield (0.18%) 0.27% 1.28%

Profitability

Metric AMBA TRT Semiconductor Equipment & Materials median
Gross margin 58.52% 17.60% 43.95%
Operating margin (14.90%) 0.91% 10.32%
Net margin (13.48%) 0.60% 7.45%
Free cash flow margin 2.33% 0.25% 6.77%
Return on equity (9.41%) 1.07% 4.78%
Return on assets (7.58%) 0.82% 3.62%
Return on invested capital (11.19%) 1.89% 6.10%

Growth

Metric AMBA TRT Semiconductor Equipment & Materials median
Revenue growth (TTM) 20.04% 64.13% 14.60%
EPS growth (last fiscal year) 37.32% (104.17%) —
Revenue growth, 5-year CAGR 11.87% 1.14% 8.85%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric AMBA TRT Semiconductor Equipment & Materials median
Debt to equity 0.00 0.02 0.09
Current ratio 2.85 3.38 3.66
Net debt to EBITDA 5.48 (5.35) (0.49)

Dividend

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

Size

Metric AMBA TRT Semiconductor Equipment & Materials median
Market cap 3.13b 74.98m 4.63b

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