Ichor Holdings, Ltd. (ICHR) vs Trio-Tech International (TRT)

Ichor Holdings, Ltd. and Trio-Tech International are both Semiconductor Equipment & Materials companies. Ichor Holdings, Ltd. is the larger, with a market value of $2.1B against $75.0M — 28.5× the size. Ichor Holdings, Ltd. has negative trailing earnings, so its P/E is not meaningful; Trio-Tech International trades at 156×. Trio-Tech International grew revenue faster over the last twelve months: 64.1% against 9.10%. Trio-Tech International has the higher net margin (0.60% vs −3.97%) and the higher return on invested capital (1.89% vs −2.05%). Across the 19 metrics below, Trio-Tech International leads on 18 and Ichor Holdings, Ltd. on 1.

Valuation

Metric ICHR TRT Semiconductor Equipment & Materials median
P/E n/m 155.50 54.39
P/S 2.02 0.94 6.08
P/B 2.37 1.69 4.89
Price to free cash flow n/m 376.61 60.92
EV/EBITDA 220.78 14.34 39.95
EV/Sales 1.89 0.69 6.36
Earnings yield (2.02%) 0.64% 1.14%
Free cash flow yield (1.65%) 0.27% 1.28%

Profitability

Metric ICHR TRT Semiconductor Equipment & Materials median
Gross margin 10.39% 17.60% 43.95%
Operating margin (2.37%) 0.91% 10.32%
Net margin (3.97%) 0.60% 7.45%
Free cash flow margin (2.53%) 0.25% 6.77%
Return on equity (5.17%) 1.07% 4.78%
Return on assets (3.71%) 0.82% 3.62%
Return on invested capital (2.05%) 1.89% 6.10%

Growth

Metric ICHR TRT Semiconductor Equipment & Materials median
Revenue growth (TTM) 9.10% 64.13% 14.60%
EPS growth (last fiscal year) (140.63%) (104.17%) —
Revenue growth, 5-year CAGR 0.72% 1.14% 8.85%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ICHR TRT Semiconductor Equipment & Materials median
Debt to equity 0.14 0.02 0.09
Current ratio 3.70 3.38 3.66
Net debt to EBITDA (4.73) (5.35) (0.49)

Dividend

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

Size

Metric ICHR TRT Semiconductor Equipment & Materials median
Market cap 2.14b 74.98m 4.63b

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