Cohu, Inc. (COHU) vs Ultra Clean Holdings, Inc. (UCTT)

Cohu, Inc. and Ultra Clean Holdings, Inc. are both Semiconductor Equipment & Materials companies. Ultra Clean Holdings, Inc. is the larger, with a market value of $3.5B against $3.0B — 1.2× the size. Cohu, Inc. grew revenue faster over the last twelve months: 32.7% against 2.52%. Ultra Clean Holdings, Inc. has the higher net margin (−1.07% vs −7.43%) and the higher return on invested capital (3.68% vs −3.94%). Across the 19 metrics below, Ultra Clean Holdings, Inc. leads on 11 and Cohu, Inc. on 8.

Valuation

Metric COHU UCTT Semiconductor Equipment & Materials median
P/E n/m n/m 54.39
P/S 6.08 1.60 6.08
P/B 4.10 4.89 4.89
Price to free cash flow 89.83 n/m 60.92
EV/EBITDA 255.65 27.09 39.95
EV/Sales 5.70 1.76 6.36
Earnings yield (1.24%) (0.67%) 1.14%
Free cash flow yield 1.11% (3.23%) 1.28%

Profitability

Metric COHU UCTT Semiconductor Equipment & Materials median
Gross margin 43.95% 15.83% 43.95%
Operating margin (6.90%) 2.84% 10.32%
Net margin (7.43%) (1.07%) 7.45%
Free cash flow margin 6.77% (5.15%) 6.77%
Return on equity (4.84%) (3.11%) 4.78%
Return on assets (3.42%) (1.28%) 3.62%
Return on invested capital (3.94%) 3.68% 6.10%

Growth

Metric COHU UCTT Semiconductor Equipment & Materials median
Revenue growth (TTM) 32.66% 2.52% 14.60%
EPS growth (last fiscal year) (6.71%) (869.23%) —
Revenue growth, 5-year CAGR (6.56%) 7.99% 8.85%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric COHU UCTT Semiconductor Equipment & Materials median
Debt to equity 0.38 0.84 0.09
Current ratio 5.74 2.73 3.66
Net debt to EBITDA 11.87 1.35 (0.49)

Dividend

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

Size

Metric COHU UCTT Semiconductor Equipment & Materials median
Market cap 3.03b 3.52b 4.63b

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