Acm Research, Inc.

Technology
Industrial Machinery/Components
www.acmrcsh.com

Earnings Score
Moat Score
Safety Score
Final Score

Market Cap $1.47B
PE 14
Debt $270.41M
Cash $467.83M
EV $1.28B
FCF $93.61M

Earnings

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Sales & Net Margins

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Earnings	$106.57M
EBIT	$167.01M
ROE	9%
ROA	9%
FCF	$93.61M
Equity	$1.16B
Growth Stability	100%
PE	13.83
PEG	0.26
PB	1.28
P/FCF	15.74
P/S	1.84
Price/Cash	0.32
Debt/Equity	0.23
Debt/FCF	2.89
Net Margins	12%
Gross Margins	49%
Op. Margins	21%
Earnings CAGR	53%
Sales Growth YoY	13%
Sales Growth QoQ	-23%
Sales CAGR	53%
FCF CAGR	4%
Equity CAGR	87%
Earnings Stability	0.77
Earnings Growth YoY	17%

Earnings Growth QoQ	-34%
Earnings CAGR 5Y	54%
Sales CAGR 5Y	51%
FCF CAGR 5Y	17%
Equity CAGR 5Y	53%
Earnings CAGR 3Y	42%
Sales CAGR 3Y	42%
Equity CAGR 3Y	16%
Market Cap	$1.47B
Revenue	$802.27M
Assets	$1.93B
Total Debt	$270.41M
Cash	$467.83M
Shares Outstanding	63.27M
EV	1.28B
Earnings Score	94%
Moat Score	89%
Safety Score	92%
Final Score	92%
Working Capital	919M
Current Ratio	2.46
Gross Profit	$394.98M
Shares Growth 3y	3%
Equity Growth QoQ	5%
Equity Growth YoY	20%

Assets & ROA

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Stockholders Equity & ROE

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ACM Research Inc is an us-based company. It is engaged in developing, manufacturing, and selling single-wafer wet cleaning equipment, which is used by semiconductor manufacturers in numerous manufacturing steps to remove particles, contaminants, and other random defects to improve product yield, in fabricating integrated circuits, or chips. The company offers space alternated phase shift which employs alternating phases of megasonic waves to deliver megasonic energy to flat and patterned wafer surfaces on a microscopic level; and Timely Energized Bubble Oscillation technology which provides effective, damage-free cleaning for both conventional two and three-dimensional patterned wafers at process nodes.

SEC Filings

Direct access to Acm Research, Inc. (ACMR) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2025
- 10-Q Mar 31
2024
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Acm Research, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Acm Research, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 53%

Stability 77%

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Acm Research, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Acm Research, Inc..

Years

Calculation mode

= $1.2B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$94M	$97M	$101M	$104M	$108M	$112M	$116M	$120M	$125M	$129M	$134M	$1.3B
DCF		$88M	$83M	$78M	$74M	$70M	$65M	$62M	$58M	$55M	$52M	$516M
Value	$1.2B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Net Margins	2%	-2%	9%	18%	12%	15%	10%	14%	13%	12%
ROA	-	1%	7%	9%	6%	4%	6%	8%	9%	9%
ROE	-	-2%	13%	19%	9%	5%	5%	8%	9%	9%

Good Net Margins (11.82%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Debt over FCF	-	-0.58	1.86	1.63	-2.44	-0.71	-0.5	-0.67	2.78	2.89
Debt over Equity	1.92	0.13	0.18	0.14	0.22	0.04	0.09	0.1	0.18	0.23
Growth Stability	-	-	-	100%	100%	100%	100%	100%	100%	100%

Neutral Debt/FCF ratio (2.89)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Good Debt/Equity ratio (0.23)

The company is not overleveraged and has a good balance between equity and debt.

Good Graham’s Stability (100%)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	CAGR 5Y
Revenue YoY growth	-	33%	104%	44%	46%	66%	50%	43%	40%	51%
Earnings YoY growth	-	-235%	-854%	187%	-1%	101%	4%	97%	34%	54%
Equity YoY growth	-	2K%	31%	86%	114%	290%	0%	14%	18%	53%
FCF YoY growth	-	95%	-158%	66%	-322%	163%	211%	-10%	-151%	17%