Cohu, Inc. (COHU) vs Ichor Holdings, Ltd. (ICHR)

Cohu, Inc. and Ichor Holdings, Ltd. are both Semiconductor Equipment & Materials companies. Cohu, Inc. is the larger, with a market value of $3.0B against $2.1B — 1.4× the size. Cohu, Inc. grew revenue faster over the last twelve months: 32.7% against 9.10%. Ichor Holdings, Ltd. has the higher net margin (−3.97% vs −7.43%) and the higher return on invested capital (−2.05% vs −3.94%). Across the 19 metrics below, Ichor Holdings, Ltd. leads on 10 and Cohu, Inc. on 9.

Valuation

Metric COHU ICHR Semiconductor Equipment & Materials median
P/E n/m n/m 54.39
P/S 6.08 2.02 6.08
P/B 4.10 2.37 4.89
Price to free cash flow 89.83 n/m 60.92
EV/EBITDA 255.65 220.78 39.95
EV/Sales 5.70 1.89 6.36
Earnings yield (1.24%) (2.02%) 1.14%
Free cash flow yield 1.11% (1.65%) 1.28%

Profitability

Metric COHU ICHR Semiconductor Equipment & Materials median
Gross margin 43.95% 10.39% 43.95%
Operating margin (6.90%) (2.37%) 10.32%
Net margin (7.43%) (3.97%) 7.45%
Free cash flow margin 6.77% (2.53%) 6.77%
Return on equity (4.84%) (5.17%) 4.78%
Return on assets (3.42%) (3.71%) 3.62%
Return on invested capital (3.94%) (2.05%) 6.10%

Growth

Metric COHU ICHR Semiconductor Equipment & Materials median
Revenue growth (TTM) 32.66% 9.10% 14.60%
EPS growth (last fiscal year) (6.71%) (140.63%) —
Revenue growth, 5-year CAGR (6.56%) 0.72% 8.85%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric COHU ICHR Semiconductor Equipment & Materials median
Debt to equity 0.38 0.14 0.09
Current ratio 5.74 3.70 3.66
Net debt to EBITDA 11.87 (4.73) (0.49)

Dividend

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

Size

Metric COHU ICHR Semiconductor Equipment & Materials median
Market cap 3.03b 2.14b 4.63b

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