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

Cohu, Inc. and Ultra Clean Holdings, Inc. are both Semiconductor Equipment & Materials companies. Cohu, Inc. and Ultra Clean Holdings, Inc. are of similar size ($2.6B and $2.5B). 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 45.03
P/S 4.60 1.05 4.64
P/B 3.10 3.21 3.22
Price to free cash flow 67.95 n/m 48.18
EV/EBITDA 189.16 18.63 33.11
EV/Sales 4.22 1.21 5.52
Earnings yield (1.64%) (1.02%) 1.41%
Free cash flow yield 1.47% (4.92%) 1.67%

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%) (4.56%)
Revenue growth, 5-year CAGR (6.56%) 7.99% 10.11%
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 — — 0.42%
Payout ratio — — 0.19

Size

Metric COHU UCTT Semiconductor Equipment & Materials median
Market cap 2.60b 2.53b 3.80b

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