Added to YB: 2025-12-12
Pitch date: 2025-12-10
ACMR [neutral]
ACM Research, Inc.
+0.21%
current return
Author Info
No bio for this author
Company Info
ACM Research, Inc., together with its subsidiaries, develops, manufactures, and sells capital equipment worldwide.
Market Cap
$2.4B
Pitch Price
$38.75
Price Target
45.00 (+16%)
Dividend
N/A
EV/EBITDA
12.94
P/E
21.49
EV/Sales
2.30
Sector
Semiconductors and Semiconductor Equipment
Category
value
ACM Research Write-up w/Mgmt Analysis (ACMR)
ACMR (overview): Mid-size WFE supplier, central to China localization with 68% cleaning rev, 99% China exposure. Strong tech (SAPS, Tahoe) but Entity List added Dec '24. Q3 GM fell to 42% on mix/inventory issues vs 50% target. Expanding into furnace, PECVD, PLP for AI packaging. Net cash $811M but trapped in Shanghai sub. Valuation gap: Shanghai worth ~$7.5B vs ACMR $2.5B mkt cap. 21x 2025E P/E, mgmt targets $4B rev long-term.
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