Acm Research, Inc.

Technology
Industrial Machinery/Components
www.acmrcsh.com

Earnings Score
Moat Score
Safety Score
Final Score

Market Cap $995.20M
PE 11
Debt $170.53M
Cash $335.25M
EV $830.48M
FCF -$52.74M

Earnings

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Sales & Net Margins

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Earnings	$90.25M
EBIT	$143.98M
ROE	8%
ROA	8%
FCF	-$52.74M
Equity	$1.07B
Growth Stability	100%
PE	11.03
PEG	0.22
PB	0.93
P/FCF	-18.87
P/S	1.37
Price/Cash	0.34
Debt/Equity	0.16
Debt/FCF	-3.23
Net Margins	13%
Gross Margins	49%
Op. Margins	20%
Earnings CAGR	54%
Sales Growth YoY	21%
Sales Growth QoQ	1%
Sales CAGR	54%
FCF CAGR	-0%
Equity CAGR	94%
Earnings Stability	0.68
Earnings Growth YoY	20%

Earnings Growth QoQ	28%
Earnings CAGR 5Y	50%
Sales CAGR 5Y	53%
FCF CAGR 5Y	-1%
Equity CAGR 5Y	70%
Earnings CAGR 3Y	48%
Sales CAGR 3Y	48%
Equity CAGR 3Y	11%
Market Cap	$995.20M
Revenue	$728.97M
Assets	$1.79B
Total Debt	$170.53M
Cash	$335.25M
Shares Outstanding	62.01M
EV	830.48M
Earnings Score	92%
Moat Score	88%
Safety Score	67%
Final Score	82%
Working Capital	835.28M
Current Ratio	2.37
Gross Profit	$359.82M
Shares Growth 3y	2%
Equity Growth QoQ	7%
Equity Growth YoY	22%

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.

2024
- 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
2022
- 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 54%

Stability 68%

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Acm Research, Inc. Discounted Cash Flow

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

Years

Calculation mode

= -$518M

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	-$53M	-$53M	-$52M	-$52M	-$52M	-$52M	-$52M	-$52M	-$52M	-$52M	-$51M	-$514M
DCF		-$48M	-$43M	-$39M	-$36M	-$32M	-$29M	-$27M	-$24M	-$22M	-$20M	-$198M
Value	-$518M

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	TTM
Net Margins	2%	-2%	9%	18%	12%	15%	10%	14%	13%
ROA	-	1%	7%	9%	6%	4%	6%	8%	8%
ROE	-	-2%	13%	19%	9%	5%	5%	8%	8%

Good Net Margins (12.99%)

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	TTM
Debt over FCF	-	-0.58	1.86	1.63	-2.44	-0.71	-0.5	-0.67	-3.23
Debt over Equity	1.92	0.13	0.18	0.14	0.22	0.04	0.09	0.1	0.16
Growth Stability	-	-	-	100%	100%	100%	100%	100%	100%

Good Debt/FCF ratio (-3.23)

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.

Good Debt/Equity ratio (0.16)

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	CAGR 5Y
Revenue YoY growth	-	33%	104%	44%	46%	66%	50%	43%	53%
Earnings YoY growth	-	-235%	-854%	187%	-1%	101%	4%	97%	50%
Equity YoY growth	-	2K%	31%	86%	114%	290%	0%	14%	70%
FCF YoY growth	-	95%	-158%	66%	-322%	163%	211%	-10%	-1%