Ichor Holdings, Ltd. (ICHR) vs Ultra Clean Holdings, Inc. (UCTT)

Ichor Holdings, Ltd. 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 $2.1B — 1.6× the size. Ichor Holdings, Ltd. grew revenue faster over the last twelve months: 9.10% against 2.52%. Ultra Clean Holdings, Inc. has the higher net margin (−1.07% vs −3.97%) and the higher return on invested capital (3.68% vs −2.05%). Across the 19 metrics below, Ultra Clean Holdings, Inc. leads on 11 and Ichor Holdings, Ltd. on 8.

Valuation

Metric ICHR UCTT Semiconductor Equipment & Materials median
P/E n/m n/m 54.39
P/S 2.02 1.60 6.08
P/B 2.37 4.89 4.89
Price to free cash flow n/m n/m 60.92
EV/EBITDA 220.78 27.09 39.95
EV/Sales 1.89 1.76 6.36
Earnings yield (2.02%) (0.67%) 1.14%
Free cash flow yield (1.65%) (3.23%) 1.28%

Profitability

Metric ICHR UCTT Semiconductor Equipment & Materials median
Gross margin 10.39% 15.83% 43.95%
Operating margin (2.37%) 2.84% 10.32%
Net margin (3.97%) (1.07%) 7.45%
Free cash flow margin (2.53%) (5.15%) 6.77%
Return on equity (5.17%) (3.11%) 4.78%
Return on assets (3.71%) (1.28%) 3.62%
Return on invested capital (2.05%) 3.68% 6.10%

Growth

Metric ICHR UCTT Semiconductor Equipment & Materials median
Revenue growth (TTM) 9.10% 2.52% 14.60%
EPS growth (last fiscal year) (140.63%) (869.23%) —
Revenue growth, 5-year CAGR 0.72% 7.99% 8.85%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ICHR UCTT Semiconductor Equipment & Materials median
Debt to equity 0.14 0.84 0.09
Current ratio 3.70 2.73 3.66
Net debt to EBITDA (4.73) 1.35 (0.49)

Dividend

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

Size

Metric ICHR UCTT Semiconductor Equipment & Materials median
Market cap 2.14b 3.52b 4.63b

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