Ichor Holdings, Ltd. (ICHR) vs SmartKem, Inc. (SMTK)

Ichor Holdings, Ltd. and SmartKem, Inc. are both Semiconductor Equipment & Materials companies. Ichor Holdings, Ltd. is the larger, with a market value of $1.1B against $350.0K — 3000.0× the size. SmartKem, Inc. has negative trailing earnings, so its P/E is not meaningful; Ichor Holdings, Ltd. trades at 483×. SmartKem, Inc. grew revenue faster over the last twelve months: 561.0% against 15.2%. Ichor Holdings, Ltd. has the higher net margin (0.32% vs 0.00%) and the higher return on invested capital (1.44% vs −97.0%). Across the 19 metrics below, SmartKem, Inc. leads on 11 and Ichor Holdings, Ltd. on 8.

Valuation

Metric ICHR SMTK Semiconductor Equipment & Materials median
P/E 482.51 n/m 33.70
P/S 0.97 0.20 4.22
P/B 1.20 0.01 2.94
Price to free cash flow n/m n/m 31.49
EV/EBITDA 19.05 0.41 22.64
EV/Sales 0.88 (5.11) 4.97
Earnings yield 0.21% (35,924.20%) 2.02%
Free cash flow yield (7.08%) (3,690.63%) 2.27%

Profitability

Metric ICHR SMTK Semiconductor Equipment & Materials median
Gross margin 13.26% 60.37% 46.86%
Operating margin 1.65% 0.00% 12.02%
Net margin 0.32% 0.00% 10.16%
Free cash flow margin (6.10%) 0.00% 6.73%
Return on equity 0.45% (598.72%) 5.31%
Return on assets 0.32% (390.78%) 4.10%
Return on invested capital 1.44% (96.97%) 6.36%

Growth

Metric ICHR SMTK Semiconductor Equipment & Materials median
Revenue growth (TTM) 15.23% 560.95% 15.82%
EPS growth (last fiscal year) (140.63%) 78.50% (4.56%)
Revenue growth, 5-year CAGR 0.72% 49.29% 10.11%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ICHR SMTK Semiconductor Equipment & Materials median
Debt to equity 0.13 0.00 0.09
Current ratio 3.56 15.34 3.56
Net debt to EBITDA (4.73) 0.03 (0.49)

Dividend

Metric ICHR SMTK Semiconductor Equipment & Materials median
Dividend yield — — 0.59%
Payout ratio — — 0.16

Size

Metric ICHR SMTK Semiconductor Equipment & Materials median
Market cap 1.05b 350.00k 3.04b

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