ACMR

ACM Research, Inc.

Fundamental data last updated:May 16, 2026

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company profile

SECTOR

Technology

industry

Semiconductors

Exchange

NASDAQ

County of HQ

US

Next Earnings Date

08/05/2026

Business Summary

ACM Research, Inc., together with its subsidiaries, develops, manufactures, and sells single-wafer wet cleaning equipment for enhancing the manufacturing process and yield for integrated chips worldwide. It offers space alternated phase shift technology for flat and patterned wafer surfaces, which employs alternating phases of megasonic waves to deliver megasonic energy in a uniform manner on a microscopic level; timely energized bubble oscillation technology for patterned wafer surfaces at advanced process nodes, which provides cleaning for 2D and 3D patterned wafers; Tahoe technology for delivering cleaning performance using less sulfuric acid and hydrogen peroxide; and electro-chemical plating technology for advanced metal plating. The company markets and sells its products under the Ultra C brand name through direct sales force and third-party representatives. ACM Research, Inc. was incorporated in 1998 and is headquartered in Fremont, California.

 


VALUATION

P/E

45.69

Market Cap ($M USD)

$4.18B

Forward P/E

12.34

PEG

0.05

PRICE TO SALES

4.36

PRICE TO BOOK

2.63

EV / EBITDA

21.54

5-Year Average P/E

Free Cash Flow Yield

-2.59%

DCF Value

$1.59

Graham Number

$27.35

Price to FCF

-38.58

EV to FCF

-33.44

Earnings Yield

2.19%

FCF Yield

-2.59%

DIVIDEND

Yield

0.00%

Annual Payout

$0.00

Payout Ratio

8.33%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

$1.38

Next Year EPS Growth Estimate

$5.12

Next Year Revenue Growth Estimate

$254.70B

Return on Equity (ROE)

6.66%

FREE CASH FLOW

Operating Margin

12.48%

Debt-to-Equity

0.21

Piotroski F-Score

3

Altman Z-Score

3.93

Return on Invested Capital (ROIC)

5.16%

Current Ratio

3.51

Quick Ratio

2.52

Net Debt to EBITDA

-3.31

Interest Coverage

16.35

Gross Profit margin

44.23%

FCF PER SHARE

$-1.65

REVENUE PER SHARE

$14.59

Gainseekers Quantitative Analysis

Summary

ACMR’s valuation paints a complex picture. The stock has traded significantly above its DCF value, suggesting a potential overvaluation. However, the Forward P/E of 12.29 and a PEG ratio of 0.05 indicate that future growth expectations are robust and possibly undervalued. The Altman Z-score of 3.80 suggests financial stability, while the Earnings Yield of 2.31% is modest. Overall, the market seems to be pricing in high growth, but the current valuation metrics suggest caution.

AI Exposure / Tech Reliance

Positioned within the semiconductor industry, ACMR is well-placed to capitalize on AI advancements and tech shifts. The sector's inherent demand for cutting-edge technology aligns with ACMR's growth trajectory. This alignment suggests potential resilience and adaptability in a rapidly evolving tech landscape.

The Bull Case

For the value-driven investor, ACMR offers compelling reasons to buy. The company's ROIC of 5.16% and a strong operating margin of 12.48% highlight efficient capital use and pricing power. Despite a negative FCF Yield, the Piotroski F-Score of 4 indicates moderate financial health. These metrics suggest that ACMR has the potential to leverage its operational strengths for future growth.

The Bear Case

Despite its strengths, ACMR faces significant structural risks. The Price/Sales ratio of 4.13 and Price/Book of 2.49 suggest a premium valuation that might not be justified by its current cash flow situation. The negative FCF Yield and Price to FCF ratio of -36.54 highlight cash flow challenges. Additionally, trading close to its 52-week high raises concerns about technical overextension.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Buy

Average Analyst Price Target

$75.00

Institutional Ownership %

1-Year Beta

1.82

Insider Buying % (6 Mo)

Distance to 52-Week High

13.39%

Distance to 52-Week Low

65.39%

EARNINGS SURPRISE %

33.33%

50-DAY SMA

$49.25

200-DAY SMA

$42.73

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.