Acm Research, Inc.

Technology
Industrial Machinery/Components
www.acmrcsh.com

Earnings Score
Moat Score
Safety Score
Final Score

Market Cap $1.29B
PE 15
Debt $144.94M
Cash $324.91M
EV $1.11B
FCF -$77.90M

Earnings

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Sales & Net Margins

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Earnings	$85.02M
EBIT	$133.02M
ROE	8%
ROA	8%
FCF	-$77.90M
Equity	$1.00B
Growth Stability	100%
PE	15.12
PEG	0.31
PB	1.28
P/FCF	-16.5
P/S	1.85
Price/Cash	0.25
Debt/Equity	0.14
Debt/FCF	-1.86
Net Margins	12%
Gross Margins	50%
Op. Margins	19%
Earnings CAGR	54%
Sales Growth YoY	40%
Sales Growth QoQ	33%
Sales CAGR	54%
FCF CAGR	-0%
Equity CAGR	97%
Earnings Stability	0.63
Earnings Growth YoY	-10%

Earnings Growth QoQ	39%
Earnings CAGR 5Y	48%
Sales CAGR 5Y	53%
FCF CAGR 5Y	-1%
Equity CAGR 5Y	76%
Earnings CAGR 3Y	51%
Sales CAGR 3Y	51%
Equity CAGR 3Y	30%
Market Cap	$1.29B
Revenue	$693.56M
Assets	$1.67B
Total Debt	$144.94M
Cash	$324.91M
Shares Outstanding	61.77M
EV	1.11B
Earnings Score	90%
Moat Score	88%
Safety Score	66%
Final Score	81%
Working Capital	756.99M
Current Ratio	2.29
Shares Growth 3y	2%
Equity Growth QoQ	4%
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.

2024
- 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 63%

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Acm Research, Inc. Discounted Cash Flow

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

Years

Calculation mode

= -$764M

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	-$78M	-$78M	-$77M	-$77M	-$77M	-$77M	-$77M	-$76M	-$76M	-$76M	-$76M	-$757M
DCF		-$71M	-$64M	-$58M	-$53M	-$48M	-$43M	-$39M	-$36M	-$32M	-$29M	-$292M
Value	-$764M

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%	12%
ROA	-	1%	7%	9%	6%	4%	6%	8%	8%
ROE	-	-2%	13%	19%	9%	5%	5%	8%	8%

Good Net Margins (11.74%)

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	-1.86
Debt over Equity	1.92	0.13	0.18	0.14	0.22	0.04	0.09	0.1	0.14
Growth Stability	-	-	-	100%	100%	100%	100%	100%	100%

Good Debt/FCF ratio (-1.86)

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 (0.14)

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%	48%
Equity YoY growth	-	2K%	31%	86%	114%	290%	0%	14%	76%
FCF YoY growth	-	95%	-158%	66%	-322%	163%	211%	-10%	-1%