Amtech Systems, Inc. (ASYS) vs Ultra Clean Holdings, Inc. (UCTT)

Amtech Systems, Inc. and Ultra Clean Holdings, Inc. are both Semiconductor Equipment & Materials companies. Ultra Clean Holdings, Inc. is the larger, with a market value of $2.5B against $235.5M — 10.7× the size. Ultra Clean Holdings, Inc. has negative trailing earnings, so its P/E is not meaningful; Amtech Systems, Inc. trades at 47.9×. Ultra Clean Holdings, Inc. grew revenue faster over the last twelve months: 2.52% against −2.35%. Amtech Systems, Inc. has the higher net margin (4.90% vs −1.07%) and the higher return on invested capital (12.7% vs 3.68%). Across the 19 metrics below, Amtech Systems, Inc. leads on 14 and Ultra Clean Holdings, Inc. on 5.

Valuation

Metric ASYS UCTT Semiconductor Equipment & Materials median
P/E 47.85 n/m 45.03
P/S 2.42 1.05 4.64
P/B 1.71 3.21 3.22
Price to free cash flow 22.44 n/m 48.18
EV/EBITDA 12.68 18.63 33.11
EV/Sales 1.41 1.21 5.52
Earnings yield 2.09% (1.02%) 1.41%
Free cash flow yield 4.46% (4.92%) 1.67%

Profitability

Metric ASYS UCTT Semiconductor Equipment & Materials median
Gross margin 46.86% 15.83% 43.95%
Operating margin 8.10% 2.84% 10.32%
Net margin 4.90% (1.07%) 7.45%
Free cash flow margin 10.79% (5.15%) 6.77%
Return on equity 4.78% (3.11%) 4.78%
Return on assets 3.25% (1.28%) 3.62%
Return on invested capital 12.69% 3.68% 6.10%

Growth

Metric ASYS UCTT Semiconductor Equipment & Materials median
Revenue growth (TTM) (2.35%) 2.52% 14.60%
EPS growth (last fiscal year) (253.33%) (869.23%) (4.56%)
Revenue growth, 5-year CAGR 3.93% 7.99% 10.11%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ASYS UCTT Semiconductor Equipment & Materials median
Debt to equity 0.00 0.84 0.09
Current ratio 5.41 2.73 3.66
Net debt to EBITDA 3.27 1.35 (0.49)

Dividend

Metric ASYS UCTT Semiconductor Equipment & Materials median
Dividend yield — — 0.42%
Payout ratio — — 0.19

Size

Metric ASYS UCTT Semiconductor Equipment & Materials median
Market cap 235.48m 2.53b 3.80b

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