ICHR

Ichor Holdings, Ltd.

Fundamental data last updated:October 31, 2026

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company profile

SECTOR

Technology

industry

Semiconductors

Exchange

NASDAQ

County of HQ

US

Next Earnings Date

Pending Announcement

Business Summary

Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment. It primarily offers gas and chemical delivery systems and subsystems that are used in the manufacturing of semiconductor devices. The company's gas delivery subsystems deliver, monitor, and control gases used in semiconductor manufacturing processes, such as etch and deposition; and chemical delivery subsystems blend and dispense the reactive liquid chemistries used in semiconductor manufacturing processes comprising chemical-mechanical planarization, electroplating, and cleaning. It also manufactures precision machined components, weldments, electron beam, laser-welded components, precision vacuum and hydrogen brazing, surface treatment technologies, and other proprietary products for use in fluid delivery systems. The company primarily markets its products directly and through resellers to equipment OEMs in the semiconductor equipment market in the United States, the United Kingdom, Singapore, Malaysia, Korea, Mexico, and internationally. Ichor Holdings, Ltd. was incorporated in 1999 and is headquartered in Fremont, California.

 


VALUATION

P/E

-47.89

Market Cap ($M USD)

$2.44B

Forward P/E

18.13

PEG

0.05

PRICE TO SALES

2.54

PRICE TO BOOK

3.63

EV / EBITDA

-622.14

5-Year Average P/E

Free Cash Flow Yield

-0.69%

DCF Value

$3.76

Graham Number

N/A

Price to FCF

-145.44

EV to FCF

-142.68

Earnings Yield

-2.09%

FCF Yield

-0.69%

DIVIDEND

Yield

0.00%

Annual Payout

$0.00

Payout Ratio

0.00%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

-$1.46

Next Year EPS Growth Estimate

$3.87

Next Year Revenue Growth Estimate

$2.01B

Return on Equity (ROE)

-7.50%

FREE CASH FLOW

Operating Margin

-3.69%

Debt-to-Equity

0.28

Piotroski F-Score

4

Altman Z-Score

6.20

Return on Invested Capital (ROIC)

-4.33%

Current Ratio

2.82

Quick Ratio

1.21

Net Debt to EBITDA

12.02

Interest Coverage

-5.31

Gross Profit margin

9.28%

FCF PER SHARE

$-0.48

REVENUE PER SHARE

$27.72

Gainseekers Quantitative Analysis

Summary

The market’s current valuation of Ichor Holdings seems to be a tale of two extremes. Despite a negative Price/Earnings ratio, the Forward P/E suggests optimism, hinting at a potential turnaround. However, the stock trades significantly above its DCF Value, indicating a possible overvaluation. The Altman Z-score of 6.49 signals financial stability, yet the negative Earnings Yield raises concerns about profitability. This juxtaposition of metrics paints a complex picture of a company with both promise and peril.

AI Exposure / Tech Reliance

Positioned within the semiconductor industry, Ichor Holdings is well-placed to capitalize on AI advancements and tech evolution. As a key player, its adaptability to cutting-edge technologies is crucial for maintaining competitive advantage. The company's ability to integrate AI could enhance operational efficiencies and product offerings.

The Bull Case

For the value-driven investor, Ichor Holdings presents an intriguing opportunity. The Forward PEG ratio of 0.05 suggests undervaluation relative to growth, while a Piotroski F-Score of 5 indicates moderate financial health. Despite negative margins, the company's low Debt/Equity ratio reflects prudent financial management. These factors, combined with a robust Altman Z-score, suggest potential for capital efficiency and long-term growth.

The Bear Case

However, the bear case is hard to ignore. The stock's Price/Book and Price/Sales ratios are elevated, suggesting overvaluation. With a negative Free Cash Flow Yield and an alarming EV to EBITDA, the company struggles with cash generation. Trading near its 52-week high, the stock appears technically overextended, raising red flags for cautious investors.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Buy

Average Analyst Price Target

$54.60

Institutional Ownership %

1-Year Beta

1.88

Insider Buying % (6 Mo)

Distance to 52-Week High

11.19%

Distance to 52-Week Low

81.30%

EARNINGS SURPRISE %

15.38%

50-DAY SMA

$61.85

200-DAY SMA

$33.93

⚠️ 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.