Cohu, Inc. (COHU) vs Kulicke and Soffa Industries, Inc. (KLIC)

Cohu, Inc. and Kulicke and Soffa Industries, Inc. are both Semiconductor Equipment & Materials companies. Kulicke and Soffa Industries, Inc. is the larger, with a market value of $4.6B against $3.0B — 1.5× the size. Cohu, Inc. has negative trailing earnings, so its P/E is not meaningful; Kulicke and Soffa Industries, Inc. trades at 41.3×. Kulicke and Soffa Industries, Inc. grew revenue faster over the last twelve months: 44.4% against 32.7%. Kulicke and Soffa Industries, Inc. has the higher net margin (12.2% vs −7.43%) and the higher return on invested capital (19.8% vs −3.94%). Across the 21 metrics below, Kulicke and Soffa Industries, Inc. leads on 15 and Cohu, Inc. on 6.

Valuation

Metric COHU KLIC Semiconductor Equipment & Materials median
P/E n/m 41.26 54.39
P/S 6.08 5.02 6.08
P/B 4.10 5.23 4.89
Price to free cash flow 89.83 115.76 60.92
EV/EBITDA 255.65 23.70 39.95
EV/Sales 5.70 4.52 6.36
Earnings yield (1.24%) 2.42% 1.14%
Free cash flow yield 1.11% 0.86% 1.28%

Profitability

Metric COHU KLIC Semiconductor Equipment & Materials median
Gross margin 43.95% 48.18% 43.95%
Operating margin (6.90%) 13.21% 10.32%
Net margin (7.43%) 12.18% 7.45%
Free cash flow margin 6.77% 4.34% 6.77%
Return on equity (4.84%) 13.23% 4.78%
Return on assets (3.42%) 9.47% 3.62%
Return on invested capital (3.94%) 19.84% 6.10%

Growth

Metric COHU KLIC Semiconductor Equipment & Materials median
Revenue growth (TTM) 32.66% 44.44% 14.60%
EPS growth (last fiscal year) (6.71%) 100.32% —
Revenue growth, 5-year CAGR (6.56%) 0.97% 8.85%
Net income growth, 5-year CAGR 0.00% (66.74%) 0.00%

Health

Metric COHU KLIC Semiconductor Equipment & Materials median
Debt to equity 0.38 0.00 0.09
Current ratio 5.74 3.44 3.66
Net debt to EBITDA 11.87 (9.36) (0.49)

Dividend

Metric COHU KLIC Semiconductor Equipment & Materials median
Dividend yield — 1.62% 0.85%
Payout ratio 0.00 0.43 0.00

Size

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

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