Ichor Holdings, Ltd. (ICHR) 10-Year Financial Performance & Capital Metrics

ICHR • • Industrial / General

TechnologySemiconductorsSemiconductor Manufacturing EquipmentWafer Fabrication Equipment

AboutIchor 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.Show more

Revenue $849M +4.7%
EBITDA $23M -2.4%
Net Income -$21M +51.6%
EPS (Diluted) -0.64 +56.5%
Gross Margin 12.17% -4.5%
EBITDA Margin 2.72% -6.8%
Operating Margin -0.9% +33.0%
Net Margin -2.45% +53.7%
ROE -3.3% +55.8%
ROIC -0.75% +26.3%
Debt/Equity 0.25 -50.8%
Interest Coverage -0.82 -46.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 87 (top 13%)
✓Trading at only 1.2x book value

✗Weaknesses

✗Weak 3Y average ROE of 0.9%
✗Shares diluted 12.2% in last year
✗Thin 5Y average net margin of 1.6%

Price & Volume

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Growth Metrics

Revenue CAGR

10Y13.05%

5Y6.46%

3Y-8.18%

TTM16.86%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-41.66%

EPS CAGR

10Y-

5Y-

3Y-

TTM-29.03%

ROCE

10Y Avg8.79%

5Y Avg5.47%

3Y Avg2.59%

Latest-0.9%

Peer Comparison

Wafer Fabrication Equipment

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
UCTTUltra Clean Holdings, Inc.	1.71B	37.59	72.29	20.93%	-7.52%	-20.33%	0.09%	0.71
ASMLASML Holding N.V.	493.01B	1270.16	66.02	2.56%	30.58%	51.86%	1.93%	0.27
LRCXLam Research Corporation	269.27B	214.38	51.66	23.68%	29.66%	57.01%	2.01%	0.48
AMATApplied Materials, Inc.	241.74B	304.87	35.20	4.39%	24.67%	34.28%	2.36%	0.32
ACMRACM Research, Inc.	3.07B	51.31	33.54	40.23%	13.3%	6.21%	2.28%	0.17
VECOVeeco Instruments Inc.	2.06B	34.16	27.77	7.63%	7.23%	5.62%	2.22%	0.41
ACLSAxcelis Technologies, Inc.	2.98B	97.04	15.78	-9.97%	15.93%	13.32%	4.32%	0.04
ASYSAmtech Systems, Inc.	204.58M	14.25	-23.75	-10.68%	-38.18%	-61.74%	2.43%	0.21

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	290.64M	405.75M	655.89M	823.61M	620.84M	914.24M	1.1B	1.28B	811.12M	849.04M
Revenue Growth %	0.17%	0.4%	0.62%	0.26%	-0.25%	0.47%	0.2%	0.17%	-0.37%	0.05%
Cost of Goods Sold+	242.09M	340.35M	553.5M	687.47M	534.47M	789.34M	919.44M	1.07B	707.72M	745.71M
COGS % of Revenue	0.83%	0.84%	0.84%	0.83%	0.86%	0.86%	0.84%	0.83%	0.87%	0.88%
Gross Profit+	48.55M	65.39M	102.4M	136.14M	86.36M	124.89M	177.48M	211.86M	103.4M	103.33M
Gross Margin %	0.17%	0.16%	0.16%	0.17%	0.14%	0.14%	0.16%	0.17%	0.13%	0.12%
Gross Profit Growth %	0.34%	0.35%	0.57%	0.33%	-0.37%	0.45%	0.42%	0.19%	-0.51%	-0%
Operating Expenses+	35.95M	41.52M	54.24M	72.17M	71.39M	83.34M	96.47M	126.04M	114.29M	110.97M
OpEx % of Revenue	0.12%	0.1%	0.08%	0.09%	0.11%	0.09%	0.09%	0.1%	0.14%	0.13%
Selling, General & Admin	24.73M	28.13M	37.8M	47.45M	47.27M	56.61M	65.86M	88.57M	79.33M	79.38M
SG&A % of Revenue	0.09%	0.07%	0.06%	0.06%	0.08%	0.06%	0.06%	0.07%	0.1%	0.09%
Research & Development	4.81M	6.38M	7.9M	9.36M	11.1M	13.36M	15.69M	19.56M	20.22M	23.02M
R&D % of Revenue	0.02%	0.02%	0.01%	0.01%	0.02%	0.01%	0.01%	0.02%	0.02%	0.03%
Other Operating Expenses	46K	629K	126K	241K	13.02M	13.37M	14.92M	17.91M	14.73M	8.57M
Operating Income+	12.6M	23.87M	48.16M	63.97M	14.98M	41.55M	81.01M	85.82M	-10.89M	-7.64M
Operating Margin %	0.04%	0.06%	0.07%	0.08%	0.02%	0.05%	0.07%	0.07%	-0.01%	-0.01%
Operating Income Growth %	2.55%	0.89%	1.02%	0.33%	-0.77%	1.77%	0.95%	0.06%	-1.13%	0.3%
EBITDA+	22.54M	33.37M	60.64M	87.03M	36.85M	65.8M	107.01M	120.92M	23.68M	23.1M
EBITDA Margin %	0.08%	0.08%	0.09%	0.11%	0.06%	0.07%	0.1%	0.09%	0.03%	0.03%
EBITDA Growth %	0.71%	0.48%	0.82%	0.44%	-0.58%	0.79%	0.63%	0.13%	-0.8%	-0.02%
D&A (Non-Cash Add-back)	9.94M	9.5M	12.48M	23.06M	21.87M	24.25M	25.99M	35.1M	34.58M	30.74M
EBIT	12.18M	24.5M	46.31M	64.21M	14.92M	41.02M	80.21M	86.39M	-11.7M	-8.79M
Net Interest Income+	-3.83M	-4.37M	-3.28M	-9.99M	-10.65M	-8.73M	-6.45M	-11.06M	-19.38M	-9.27M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	3.83M	4.37M	3.28M	9.99M	10.65M	8.73M	6.45M	11.06M	19.38M	9.27M
Other Income/Expense	-3.79M	-3.74M	-3.15M	-9.75M	-10.7M	-9.26M	-7.26M	-10.49M	-20.18M	-10.41M
Pretax Income+	8.82M	20.13M	45.01M	54.22M	4.28M	32.29M	73.76M	75.33M	-31.08M	-18.05M
Pretax Margin %	0.03%	0.05%	0.07%	0.07%	0.01%	0.04%	0.07%	0.06%	-0.04%	-0.02%
Income Tax+	-3.99M	-649K	-7.11M	-3.66M	-6.45M	-988K	2.86M	2.53M	11.91M	2.77M
Effective Tax Rate %	1.45%	0.83%	1.14%	1.07%	2.51%	1.03%	0.96%	0.97%	1.38%	1.15%
Net Income+	12.81M	16.66M	51.39M	57.88M	10.73M	33.28M	70.9M	72.8M	-42.98M	-20.82M
Net Margin %	0.04%	0.04%	0.08%	0.07%	0.02%	0.04%	0.06%	0.06%	-0.05%	-0.02%
Net Income Growth %	1.08%	0.3%	2.08%	0.13%	-0.81%	2.1%	1.13%	0.03%	-1.59%	0.52%
Net Income (Continuing)	12.81M	20.78M	56.91M	57.88M	10.73M	33.28M	70.9M	72.8M	-42.98M	-20.82M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.74	-3.11	1.96	2.30	0.47	1.42	2.45	2.51	-1.47	-0.64
EPS Growth %	-	-3.2%	1.63%	0.17%	-0.8%	2.02%	0.73%	0.02%	-1.59%	0.56%
EPS (Basic)	-0.74	-3.11	2.05	2.34	0.48	1.44	2.51	2.54	-1.47	-0.64
Diluted Shares Outstanding	22.58M	1.21M	26.22M	25.13M	22.77M	23.46M	28.98M	28.96M	29.2M	32.76M
Basic Shares Outstanding	22.39M	1.21M	25.12M	24.71M	22.42M	23.17M	28.26M	28.71M	29.2M	32.76M
Dividend Payout Ratio	1.73%	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	88.33M	157.09M	275.71M	211.57M	276.95M	495.71M	462.77M	513.46M	401.37M	452.62M
Cash & Short-Term Investments	24.19M	50.85M	68.65M	43.83M	60.61M	252.9M	75.5M	86.47M	79.95M	108.67M
Cash Only	24.19M	50.85M	68.65M	43.83M	60.61M	252.9M	75.5M	86.47M	79.95M	108.67M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	12.39M	26.4M	49.25M	40.29M	84.85M	100.98M	142.99M	136.32M	66.72M	86.62M
Days Sales Outstanding	15.56	23.75	27.41	17.85	49.88	40.31	47.58	38.87	30.02	37.24
Inventory	31.29M	70.88M	150.8M	121.11M	127.04M	134.76M	236.13M	283.66M	245.88M	250.1M
Days Inventory Outstanding	47.17	76.01	99.45	64.3	86.76	62.31	93.74	96.93	126.81	122.42
Other Current Assets	16.54M	1.89M	513K	6.35M	0	0	0	7.01M	8.8M	7.23M
Total Non-Current Assets+	109.69M	125.4M	265.72M	273.91M	289.61M	278.46M	558.11M	570.28M	537.12M	542.94M
Property, Plant & Equipment	7.48M	12.02M	33.15M	41.74M	58.74M	51.9M	114.99M	138.61M	129.37M	139.33M
Fixed Asset Turnover	38.85x	33.76x	19.79x	19.73x	10.57x	17.62x	9.54x	9.23x	6.27x	6.09x
Goodwill	70.02M	77.09M	94.81M	173.01M	173.01M	174.89M	335.9M	335.4M	335.4M	335.4M
Intangible Assets	31.13M	32.15M	35.75M	56.9M	52.03M	39.84M	89.93M	72.02M	57.29M	48.72M
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	767K	3.57M	101.02M	906K	1.09M	5.5M	9.17M	12.93M	11.91M	15.18M
Total Assets+	198.02M	282.49M	541.43M	485.49M	566.55M	774.17M	1.02B	1.08B	938.48M	995.56M
Asset Turnover	1.47x	1.44x	1.21x	1.70x	1.10x	1.18x	1.07x	1.18x	0.86x	0.85x
Asset Growth %	-0.08%	0.43%	0.92%	-0.1%	0.17%	0.37%	0.32%	0.06%	-0.13%	0.06%
Total Current Liabilities+	63.47M	101.07M	145.76M	87.75M	163.87M	162.03M	208.3M	166.29M	98.96M	135.67M
Accounts Payable	42.03M	88.53M	121.41M	64.3M	131.58M	116.66M	159.73M	110.17M	60.49M	91.72M
Days Payables Outstanding	63.37	94.94	80.06	34.14	89.86	53.95	63.41	37.64	31.2	44.89
Short-Term Debt	4.55M	0	6.49M	8.75M	8.75M	8.75M	7.5M	7.5M	7.5M	7.5M
Deferred Revenue (Current)	26K	0	1000K	1000K	0	0	0	0	0	0
Other Current Liabilities	12.92M	5.99M	7.12M	5.15M	5.23M	10.7M	14.38M	15.81M	6.64M	8.96M
Current Ratio	1.39x	1.55x	1.89x	2.41x	1.69x	3.06x	2.22x	3.09x	4.06x	3.34x
Quick Ratio	0.90x	0.85x	0.86x	1.03x	0.91x	2.23x	1.09x	1.38x	1.57x	1.49x
Cash Conversion Cycle	-0.63	4.82	46.79	48.01	46.78	48.68	77.91	98.15	125.64	114.76
Total Non-Current Liabilities+	59.87M	39.76M	183.97M	199.41M	181.27M	200.45M	311.86M	329.95M	274.84M	161.56M
Long-Term Debt	58.04M	37.94M	180.25M	192.12M	169.3M	191.52M	285.25M	293.22M	241.18M	121.02M
Capital Lease Obligations	-86K	0	0	0	9.08M	5.27M	22.35M	31.83M	28.19M	34.19M
Deferred Tax Liabilities	495K	606K	831K	3.97M	210K	109K	38K	29K	1.17M	1.55M
Other Non-Current Liabilities	1.25M	1.21M	2.9M	3.33M	2.68M	3.55M	4.21M	4.88M	4.3M	4.79M
Total Liabilities	123.34M	140.83M	329.74M	287.16M	345.14M	362.48M	520.16M	496.25M	373.8M	297.23M
Total Debt+	62.59M	37.94M	186.74M	200.87M	192.63M	210.67M	322.74M	341.74M	286.33M	174.21M
Net Debt	38.4M	-12.91M	118.09M	157.03M	132.01M	-42.23M	247.25M	255.27M	206.38M	65.54M
Debt / Equity	0.84x	0.27x	0.88x	1.01x	0.87x	0.51x	0.64x	0.58x	0.51x	0.25x
Debt / EBITDA	2.78x	1.14x	3.08x	2.31x	5.23x	3.20x	3.02x	2.83x	12.09x	7.54x
Net Debt / EBITDA	1.70x	-0.39x	1.95x	1.80x	3.58x	-0.64x	2.31x	2.11x	8.71x	2.84x
Interest Coverage	3.29x	5.46x	14.70x	6.40x	1.41x	4.76x	12.56x	7.76x	-0.56x	-0.82x
Total Equity+	74.68M	141.66M	211.69M	198.33M	221.42M	411.69M	500.71M	587.5M	564.68M	698.34M
Equity Growth %	-0.17%	0.9%	0.49%	-0.06%	0.12%	0.86%	0.22%	0.17%	-0.04%	0.24%
Book Value per Share	3.31	116.94	8.07	7.89	9.73	17.55	17.28	20.28	19.34	21.32
Total Shareholders' Equity	74.68M	141.66M	211.69M	198.33M	221.42M	411.69M	500.71M	587.5M	564.68M	698.34M
Common Stock	0	2K	3K	2K	2K	3K	3K	3K	3K	3K
Retained Earnings	-71.05M	-54.39M	-3.01M	59.95M	70.67M	103.95M	174.85M	247.66M	204.67M	183.85M
Treasury Stock	0	0	0	-89.98M	-91.58M	-91.58M	-91.58M	-91.58M	-91.58M	-91.58M
Accumulated OCI	3M	-9.65M	-12.65M	-18.96M	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	26.69M	27.73M	38.65M	60.47M	57.15M	38.26M	15.27M	31.45M	57.63M	27.88M
Operating CF Margin %	0.09%	0.07%	0.06%	0.07%	0.09%	0.04%	0.01%	0.02%	0.07%	0.03%
Operating CF Growth %	2.3%	0.04%	0.39%	0.56%	-0.05%	-0.33%	-0.6%	1.06%	0.83%	-0.52%
Net Income	5.63M	16.66M	51.39M	57.88M	10.73M	33.28M	70.9M	72.8M	-42.98M	-20.82M
Depreciation & Amortization	9.94M	9.5M	12.16M	23.06M	22.81M	25.21M	25.99M	35.1M	34.58M	30.74M
Stock-Based Compensation	1.12M	3.22M	2.23M	7.58M	8.54M	9.88M	11.47M	13.92M	17.34M	15.58M
Deferred Taxes	-4.93M	-2.43M	-7.69M	-6.69M	0	0	-1.86M	-3.21M	9.31M	-782K
Other Non-Cash Items	3.99M	527K	367K	970K	60.84M	-12.62M	1.6M	465K	465K	465K
Working Capital Changes	10.94M	257K	-19.8M	-22.33M	-45.76M	-17.49M	-92.83M	-87.63M	38.92M	2.7M
Change in Receivables	6.33M	-9.01M	-1.25M	10.43M	-44.56M	-16.13M	-33.45M	6.67M	69.6M	-19.9M
Change in Inventory	9.11M	-23.72M	-45.44M	35.13M	-5.93M	-8.53M	-89.25M	-47.53M	37.77M	-4.22M
Change in Payables	-1.68M	36.76M	22.34M	-62.17M	0	0	38.65M	-50.17M	-50.97M	29.11M
Cash from Investing+	-1.37M	-21.2M	-186.75M	-15.36M	-20.49M	-14.6M	-289.58M	-28.93M	-15.5M	-17.64M
Capital Expenditures	-1.37M	-4.27M	-8.23M	-13.92M	-12.34M	-10.3M	-20.84M	-29.43M	-15.5M	-17.64M
CapEx % of Revenue	0%	0.01%	0.01%	0.02%	0.02%	0.01%	0.02%	0.02%	0.02%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	473K	-8.23M	0	-8.15M	739K	504K	0	0	0
Cash from Financing+	-15.51M	21.93M	164.6M	-70.58M	-19.88M	168.63M	96.91M	8.46M	-48.65M	18.47M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-22.13M	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-2.63M	0	7.62M	4.15M	5.76M	149.2M	4.2M	955K	3.85M	2.36M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	25.32M	23.46M	30.43M	46.55M	44.81M	27.96M	-5.57M	2.02M	42.14M	10.24M
FCF Margin %	0.09%	0.06%	0.05%	0.06%	0.07%	0.03%	-0.01%	0%	0.05%	0.01%
FCF Growth %	4.48%	-0.07%	0.3%	0.53%	-0.04%	-0.38%	-1.2%	1.36%	19.86%	-0.76%
FCF per Share	1.12	19.37	1.16	1.85	1.97	1.19	-0.19	0.07	1.44	0.31
FCF Conversion (FCF/Net Income)	2.08x	1.66x	0.75x	1.04x	5.33x	1.15x	0.22x	0.43x	-1.34x	-1.34x
Interest Paid	2.63M	3.69M	3.44M	8.27M	8.42M	8.23M	7.12M	10.59M	20.37M	11.65M
Taxes Paid	496K	103K	1.07M	2.28M	0	0	5.64M	3.29M	3.88M	3.33M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	15.55%	15.4%	29.08%	28.23%	5.11%	10.51%	15.54%	13.38%	-7.46%	-3.3%
Return on Invested Capital (ROIC)	7.75%	14.81%	15.75%	14%	3.17%	8.62%	10.88%	8.09%	-1.01%	-0.75%
Gross Margin	16.71%	16.12%	15.61%	16.53%	13.91%	13.66%	16.18%	16.55%	12.75%	12.17%
Net Margin	4.41%	4.11%	7.83%	7.03%	1.73%	3.64%	6.46%	5.69%	-5.3%	-2.45%
Debt / Equity	0.84x	0.27x	0.88x	1.01x	0.87x	0.51x	0.64x	0.58x	0.51x	0.25x
Interest Coverage	3.29x	5.46x	14.70x	6.40x	1.41x	4.76x	12.56x	7.76x	-0.56x	-0.82x
FCF Conversion	2.08x	1.66x	0.75x	1.04x	5.33x	1.15x	0.22x	0.43x	-1.34x	-1.34x
Revenue Growth	16.68%	39.6%	61.65%	25.57%	-24.62%	47.26%	19.98%	16.7%	-36.63%	4.67%

Revenue by Geography

	2017	2018	2019	2020	2021	2022	2023	2024
SINGAPORE	223.28M	224.23M	198.66M	303.44M	383.28M	460.57M	318.79M	353.22M
SINGAPORE Growth	-	0.43%	-11.40%	52.75%	26.31%	20.17%	-30.78%	10.80%
UNITED STATES	386.64M	502.75M	329.04M	490.96M	544.11M	572.13M	281.3M	268.95M
UNITED STATES Growth	-	30.03%	-34.55%	49.21%	10.82%	5.15%	-50.83%	-4.39%
Other Countries	18.41M	35.94M	37.05M	48.91M	90.78M	137.82M	94.72M	128.02M
Other Countries Growth	-	95.18%	3.09%	32.01%	85.61%	51.81%	-31.28%	35.16%
Europe	27.55M	60.69M	56.09M	70.92M	78.75M	109.55M	116.32M	98.86M
Europe Growth	-	120.24%	-7.58%	26.43%	11.04%	39.12%	6.18%	-15.01%

Frequently Asked Questions

Growth & Financials

Ichor Holdings, Ltd. (ICHR) reported $957.3M in revenue for fiscal year 2024. This represents a 245% increase from $277.6M in 2013.

Ichor Holdings, Ltd. (ICHR) grew revenue by 4.7% over the past year. Growth has been modest.

Ichor Holdings, Ltd. (ICHR) reported a net loss of $40.8M for fiscal year 2024.

Dividend & Returns

Ichor Holdings, Ltd. (ICHR) has a return on equity (ROE) of -3.3%. Negative ROE indicates the company is unprofitable.

Ichor Holdings, Ltd. (ICHR) had negative free cash flow of $19.1M in fiscal year 2024, likely due to heavy capital investments.

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Ichor Holdings, Ltd. (ICHR) 10-Year Financial Performance & Capital Metrics

ICHR • • Industrial / General

TechnologySemiconductorsSemiconductor Manufacturing EquipmentWafer Fabrication Equipment

Revenue $849M +4.7%
EBITDA $23M -2.4%
Net Income -$21M +51.6%
EPS (Diluted) -0.64 +56.5%
Gross Margin 12.17% -4.5%
EBITDA Margin 2.72% -6.8%
Operating Margin -0.9% +33.0%
Net Margin -2.45% +53.7%
ROE -3.3% +55.8%
ROIC -0.75% +26.3%
Debt/Equity 0.25 -50.8%
Interest Coverage -0.82 -46.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 87 (top 13%)
✓Trading at only 1.2x book value

✗Weaknesses

✗Weak 3Y average ROE of 0.9%
✗Shares diluted 12.2% in last year
✗Thin 5Y average net margin of 1.6%

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y13.05%

5Y6.46%

3Y-8.18%

TTM16.86%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-41.66%

EPS CAGR

10Y-

5Y-

3Y-

TTM-29.03%

ROCE

10Y Avg8.79%

5Y Avg5.47%

3Y Avg2.59%

Latest-0.9%

Peer Comparison

Wafer Fabrication Equipment

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
UCTTUltra Clean Holdings, Inc.	1.71B	37.59	72.29	20.93%	-7.52%	-20.33%	0.09%	0.71
ASMLASML Holding N.V.	493.01B	1270.16	66.02	2.56%	30.58%	51.86%	1.93%	0.27
LRCXLam Research Corporation	269.27B	214.38	51.66	23.68%	29.66%	57.01%	2.01%	0.48
AMATApplied Materials, Inc.	241.74B	304.87	35.20	4.39%	24.67%	34.28%	2.36%	0.32
ACMRACM Research, Inc.	3.07B	51.31	33.54	40.23%	13.3%	6.21%	2.28%	0.17
VECOVeeco Instruments Inc.	2.06B	34.16	27.77	7.63%	7.23%	5.62%	2.22%	0.41
ACLSAxcelis Technologies, Inc.	2.98B	97.04	15.78	-9.97%	15.93%	13.32%	4.32%	0.04
ASYSAmtech Systems, Inc.	204.58M	14.25	-23.75	-10.68%	-38.18%	-61.74%	2.43%	0.21

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	290.64M	405.75M	655.89M	823.61M	620.84M	914.24M	1.1B	1.28B	811.12M	849.04M
Revenue Growth %	0.17%	0.4%	0.62%	0.26%	-0.25%	0.47%	0.2%	0.17%	-0.37%	0.05%
Cost of Goods Sold+	242.09M	340.35M	553.5M	687.47M	534.47M	789.34M	919.44M	1.07B	707.72M	745.71M
COGS % of Revenue	0.83%	0.84%	0.84%	0.83%	0.86%	0.86%	0.84%	0.83%	0.87%	0.88%
Gross Profit+	48.55M	65.39M	102.4M	136.14M	86.36M	124.89M	177.48M	211.86M	103.4M	103.33M
Gross Margin %	0.17%	0.16%	0.16%	0.17%	0.14%	0.14%	0.16%	0.17%	0.13%	0.12%
Gross Profit Growth %	0.34%	0.35%	0.57%	0.33%	-0.37%	0.45%	0.42%	0.19%	-0.51%	-0%
Operating Expenses+	35.95M	41.52M	54.24M	72.17M	71.39M	83.34M	96.47M	126.04M	114.29M	110.97M
OpEx % of Revenue	0.12%	0.1%	0.08%	0.09%	0.11%	0.09%	0.09%	0.1%	0.14%	0.13%
Selling, General & Admin	24.73M	28.13M	37.8M	47.45M	47.27M	56.61M	65.86M	88.57M	79.33M	79.38M
SG&A % of Revenue	0.09%	0.07%	0.06%	0.06%	0.08%	0.06%	0.06%	0.07%	0.1%	0.09%
Research & Development	4.81M	6.38M	7.9M	9.36M	11.1M	13.36M	15.69M	19.56M	20.22M	23.02M
R&D % of Revenue	0.02%	0.02%	0.01%	0.01%	0.02%	0.01%	0.01%	0.02%	0.02%	0.03%
Other Operating Expenses	46K	629K	126K	241K	13.02M	13.37M	14.92M	17.91M	14.73M	8.57M
Operating Income+	12.6M	23.87M	48.16M	63.97M	14.98M	41.55M	81.01M	85.82M	-10.89M	-7.64M
Operating Margin %	0.04%	0.06%	0.07%	0.08%	0.02%	0.05%	0.07%	0.07%	-0.01%	-0.01%
Operating Income Growth %	2.55%	0.89%	1.02%	0.33%	-0.77%	1.77%	0.95%	0.06%	-1.13%	0.3%
EBITDA+	22.54M	33.37M	60.64M	87.03M	36.85M	65.8M	107.01M	120.92M	23.68M	23.1M
EBITDA Margin %	0.08%	0.08%	0.09%	0.11%	0.06%	0.07%	0.1%	0.09%	0.03%	0.03%
EBITDA Growth %	0.71%	0.48%	0.82%	0.44%	-0.58%	0.79%	0.63%	0.13%	-0.8%	-0.02%
D&A (Non-Cash Add-back)	9.94M	9.5M	12.48M	23.06M	21.87M	24.25M	25.99M	35.1M	34.58M	30.74M
EBIT	12.18M	24.5M	46.31M	64.21M	14.92M	41.02M	80.21M	86.39M	-11.7M	-8.79M
Net Interest Income+	-3.83M	-4.37M	-3.28M	-9.99M	-10.65M	-8.73M	-6.45M	-11.06M	-19.38M	-9.27M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	3.83M	4.37M	3.28M	9.99M	10.65M	8.73M	6.45M	11.06M	19.38M	9.27M
Other Income/Expense	-3.79M	-3.74M	-3.15M	-9.75M	-10.7M	-9.26M	-7.26M	-10.49M	-20.18M	-10.41M
Pretax Income+	8.82M	20.13M	45.01M	54.22M	4.28M	32.29M	73.76M	75.33M	-31.08M	-18.05M
Pretax Margin %	0.03%	0.05%	0.07%	0.07%	0.01%	0.04%	0.07%	0.06%	-0.04%	-0.02%
Income Tax+	-3.99M	-649K	-7.11M	-3.66M	-6.45M	-988K	2.86M	2.53M	11.91M	2.77M
Effective Tax Rate %	1.45%	0.83%	1.14%	1.07%	2.51%	1.03%	0.96%	0.97%	1.38%	1.15%
Net Income+	12.81M	16.66M	51.39M	57.88M	10.73M	33.28M	70.9M	72.8M	-42.98M	-20.82M
Net Margin %	0.04%	0.04%	0.08%	0.07%	0.02%	0.04%	0.06%	0.06%	-0.05%	-0.02%
Net Income Growth %	1.08%	0.3%	2.08%	0.13%	-0.81%	2.1%	1.13%	0.03%	-1.59%	0.52%
Net Income (Continuing)	12.81M	20.78M	56.91M	57.88M	10.73M	33.28M	70.9M	72.8M	-42.98M	-20.82M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.74	-3.11	1.96	2.30	0.47	1.42	2.45	2.51	-1.47	-0.64
EPS Growth %	-	-3.2%	1.63%	0.17%	-0.8%	2.02%	0.73%	0.02%	-1.59%	0.56%
EPS (Basic)	-0.74	-3.11	2.05	2.34	0.48	1.44	2.51	2.54	-1.47	-0.64
Diluted Shares Outstanding	22.58M	1.21M	26.22M	25.13M	22.77M	23.46M	28.98M	28.96M	29.2M	32.76M
Basic Shares Outstanding	22.39M	1.21M	25.12M	24.71M	22.42M	23.17M	28.26M	28.71M	29.2M	32.76M
Dividend Payout Ratio	1.73%	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	88.33M	157.09M	275.71M	211.57M	276.95M	495.71M	462.77M	513.46M	401.37M	452.62M
Cash & Short-Term Investments	24.19M	50.85M	68.65M	43.83M	60.61M	252.9M	75.5M	86.47M	79.95M	108.67M
Cash Only	24.19M	50.85M	68.65M	43.83M	60.61M	252.9M	75.5M	86.47M	79.95M	108.67M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	12.39M	26.4M	49.25M	40.29M	84.85M	100.98M	142.99M	136.32M	66.72M	86.62M
Days Sales Outstanding	15.56	23.75	27.41	17.85	49.88	40.31	47.58	38.87	30.02	37.24
Inventory	31.29M	70.88M	150.8M	121.11M	127.04M	134.76M	236.13M	283.66M	245.88M	250.1M
Days Inventory Outstanding	47.17	76.01	99.45	64.3	86.76	62.31	93.74	96.93	126.81	122.42
Other Current Assets	16.54M	1.89M	513K	6.35M	0	0	0	7.01M	8.8M	7.23M
Total Non-Current Assets+	109.69M	125.4M	265.72M	273.91M	289.61M	278.46M	558.11M	570.28M	537.12M	542.94M
Property, Plant & Equipment	7.48M	12.02M	33.15M	41.74M	58.74M	51.9M	114.99M	138.61M	129.37M	139.33M
Fixed Asset Turnover	38.85x	33.76x	19.79x	19.73x	10.57x	17.62x	9.54x	9.23x	6.27x	6.09x
Goodwill	70.02M	77.09M	94.81M	173.01M	173.01M	174.89M	335.9M	335.4M	335.4M	335.4M
Intangible Assets	31.13M	32.15M	35.75M	56.9M	52.03M	39.84M	89.93M	72.02M	57.29M	48.72M
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	767K	3.57M	101.02M	906K	1.09M	5.5M	9.17M	12.93M	11.91M	15.18M
Total Assets+	198.02M	282.49M	541.43M	485.49M	566.55M	774.17M	1.02B	1.08B	938.48M	995.56M
Asset Turnover	1.47x	1.44x	1.21x	1.70x	1.10x	1.18x	1.07x	1.18x	0.86x	0.85x
Asset Growth %	-0.08%	0.43%	0.92%	-0.1%	0.17%	0.37%	0.32%	0.06%	-0.13%	0.06%
Total Current Liabilities+	63.47M	101.07M	145.76M	87.75M	163.87M	162.03M	208.3M	166.29M	98.96M	135.67M
Accounts Payable	42.03M	88.53M	121.41M	64.3M	131.58M	116.66M	159.73M	110.17M	60.49M	91.72M
Days Payables Outstanding	63.37	94.94	80.06	34.14	89.86	53.95	63.41	37.64	31.2	44.89
Short-Term Debt	4.55M	0	6.49M	8.75M	8.75M	8.75M	7.5M	7.5M	7.5M	7.5M
Deferred Revenue (Current)	26K	0	1000K	1000K	0	0	0	0	0	0
Other Current Liabilities	12.92M	5.99M	7.12M	5.15M	5.23M	10.7M	14.38M	15.81M	6.64M	8.96M
Current Ratio	1.39x	1.55x	1.89x	2.41x	1.69x	3.06x	2.22x	3.09x	4.06x	3.34x
Quick Ratio	0.90x	0.85x	0.86x	1.03x	0.91x	2.23x	1.09x	1.38x	1.57x	1.49x
Cash Conversion Cycle	-0.63	4.82	46.79	48.01	46.78	48.68	77.91	98.15	125.64	114.76
Total Non-Current Liabilities+	59.87M	39.76M	183.97M	199.41M	181.27M	200.45M	311.86M	329.95M	274.84M	161.56M
Long-Term Debt	58.04M	37.94M	180.25M	192.12M	169.3M	191.52M	285.25M	293.22M	241.18M	121.02M
Capital Lease Obligations	-86K	0	0	0	9.08M	5.27M	22.35M	31.83M	28.19M	34.19M
Deferred Tax Liabilities	495K	606K	831K	3.97M	210K	109K	38K	29K	1.17M	1.55M
Other Non-Current Liabilities	1.25M	1.21M	2.9M	3.33M	2.68M	3.55M	4.21M	4.88M	4.3M	4.79M
Total Liabilities	123.34M	140.83M	329.74M	287.16M	345.14M	362.48M	520.16M	496.25M	373.8M	297.23M
Total Debt+	62.59M	37.94M	186.74M	200.87M	192.63M	210.67M	322.74M	341.74M	286.33M	174.21M
Net Debt	38.4M	-12.91M	118.09M	157.03M	132.01M	-42.23M	247.25M	255.27M	206.38M	65.54M
Debt / Equity	0.84x	0.27x	0.88x	1.01x	0.87x	0.51x	0.64x	0.58x	0.51x	0.25x
Debt / EBITDA	2.78x	1.14x	3.08x	2.31x	5.23x	3.20x	3.02x	2.83x	12.09x	7.54x
Net Debt / EBITDA	1.70x	-0.39x	1.95x	1.80x	3.58x	-0.64x	2.31x	2.11x	8.71x	2.84x
Interest Coverage	3.29x	5.46x	14.70x	6.40x	1.41x	4.76x	12.56x	7.76x	-0.56x	-0.82x
Total Equity+	74.68M	141.66M	211.69M	198.33M	221.42M	411.69M	500.71M	587.5M	564.68M	698.34M
Equity Growth %	-0.17%	0.9%	0.49%	-0.06%	0.12%	0.86%	0.22%	0.17%	-0.04%	0.24%
Book Value per Share	3.31	116.94	8.07	7.89	9.73	17.55	17.28	20.28	19.34	21.32
Total Shareholders' Equity	74.68M	141.66M	211.69M	198.33M	221.42M	411.69M	500.71M	587.5M	564.68M	698.34M
Common Stock	0	2K	3K	2K	2K	3K	3K	3K	3K	3K
Retained Earnings	-71.05M	-54.39M	-3.01M	59.95M	70.67M	103.95M	174.85M	247.66M	204.67M	183.85M
Treasury Stock	0	0	0	-89.98M	-91.58M	-91.58M	-91.58M	-91.58M	-91.58M	-91.58M
Accumulated OCI	3M	-9.65M	-12.65M	-18.96M	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	26.69M	27.73M	38.65M	60.47M	57.15M	38.26M	15.27M	31.45M	57.63M	27.88M
Operating CF Margin %	0.09%	0.07%	0.06%	0.07%	0.09%	0.04%	0.01%	0.02%	0.07%	0.03%
Operating CF Growth %	2.3%	0.04%	0.39%	0.56%	-0.05%	-0.33%	-0.6%	1.06%	0.83%	-0.52%
Net Income	5.63M	16.66M	51.39M	57.88M	10.73M	33.28M	70.9M	72.8M	-42.98M	-20.82M
Depreciation & Amortization	9.94M	9.5M	12.16M	23.06M	22.81M	25.21M	25.99M	35.1M	34.58M	30.74M
Stock-Based Compensation	1.12M	3.22M	2.23M	7.58M	8.54M	9.88M	11.47M	13.92M	17.34M	15.58M
Deferred Taxes	-4.93M	-2.43M	-7.69M	-6.69M	0	0	-1.86M	-3.21M	9.31M	-782K
Other Non-Cash Items	3.99M	527K	367K	970K	60.84M	-12.62M	1.6M	465K	465K	465K
Working Capital Changes	10.94M	257K	-19.8M	-22.33M	-45.76M	-17.49M	-92.83M	-87.63M	38.92M	2.7M
Change in Receivables	6.33M	-9.01M	-1.25M	10.43M	-44.56M	-16.13M	-33.45M	6.67M	69.6M	-19.9M
Change in Inventory	9.11M	-23.72M	-45.44M	35.13M	-5.93M	-8.53M	-89.25M	-47.53M	37.77M	-4.22M
Change in Payables	-1.68M	36.76M	22.34M	-62.17M	0	0	38.65M	-50.17M	-50.97M	29.11M
Cash from Investing+	-1.37M	-21.2M	-186.75M	-15.36M	-20.49M	-14.6M	-289.58M	-28.93M	-15.5M	-17.64M
Capital Expenditures	-1.37M	-4.27M	-8.23M	-13.92M	-12.34M	-10.3M	-20.84M	-29.43M	-15.5M	-17.64M
CapEx % of Revenue	0%	0.01%	0.01%	0.02%	0.02%	0.01%	0.02%	0.02%	0.02%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	473K	-8.23M	0	-8.15M	739K	504K	0	0	0
Cash from Financing+	-15.51M	21.93M	164.6M	-70.58M	-19.88M	168.63M	96.91M	8.46M	-48.65M	18.47M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-22.13M	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-2.63M	0	7.62M	4.15M	5.76M	149.2M	4.2M	955K	3.85M	2.36M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	25.32M	23.46M	30.43M	46.55M	44.81M	27.96M	-5.57M	2.02M	42.14M	10.24M
FCF Margin %	0.09%	0.06%	0.05%	0.06%	0.07%	0.03%	-0.01%	0%	0.05%	0.01%
FCF Growth %	4.48%	-0.07%	0.3%	0.53%	-0.04%	-0.38%	-1.2%	1.36%	19.86%	-0.76%
FCF per Share	1.12	19.37	1.16	1.85	1.97	1.19	-0.19	0.07	1.44	0.31
FCF Conversion (FCF/Net Income)	2.08x	1.66x	0.75x	1.04x	5.33x	1.15x	0.22x	0.43x	-1.34x	-1.34x
Interest Paid	2.63M	3.69M	3.44M	8.27M	8.42M	8.23M	7.12M	10.59M	20.37M	11.65M
Taxes Paid	496K	103K	1.07M	2.28M	0	0	5.64M	3.29M	3.88M	3.33M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	15.55%	15.4%	29.08%	28.23%	5.11%	10.51%	15.54%	13.38%	-7.46%	-3.3%
Return on Invested Capital (ROIC)	7.75%	14.81%	15.75%	14%	3.17%	8.62%	10.88%	8.09%	-1.01%	-0.75%
Gross Margin	16.71%	16.12%	15.61%	16.53%	13.91%	13.66%	16.18%	16.55%	12.75%	12.17%
Net Margin	4.41%	4.11%	7.83%	7.03%	1.73%	3.64%	6.46%	5.69%	-5.3%	-2.45%
Debt / Equity	0.84x	0.27x	0.88x	1.01x	0.87x	0.51x	0.64x	0.58x	0.51x	0.25x
Interest Coverage	3.29x	5.46x	14.70x	6.40x	1.41x	4.76x	12.56x	7.76x	-0.56x	-0.82x
FCF Conversion	2.08x	1.66x	0.75x	1.04x	5.33x	1.15x	0.22x	0.43x	-1.34x	-1.34x
Revenue Growth	16.68%	39.6%	61.65%	25.57%	-24.62%	47.26%	19.98%	16.7%	-36.63%	4.67%

Revenue by Geography

	2017	2018	2019	2020	2021	2022	2023	2024
SINGAPORE	223.28M	224.23M	198.66M	303.44M	383.28M	460.57M	318.79M	353.22M
SINGAPORE Growth	-	0.43%	-11.40%	52.75%	26.31%	20.17%	-30.78%	10.80%
UNITED STATES	386.64M	502.75M	329.04M	490.96M	544.11M	572.13M	281.3M	268.95M
UNITED STATES Growth	-	30.03%	-34.55%	49.21%	10.82%	5.15%	-50.83%	-4.39%
Other Countries	18.41M	35.94M	37.05M	48.91M	90.78M	137.82M	94.72M	128.02M
Other Countries Growth	-	95.18%	3.09%	32.01%	85.61%	51.81%	-31.28%	35.16%
Europe	27.55M	60.69M	56.09M	70.92M	78.75M	109.55M	116.32M	98.86M
Europe Growth	-	120.24%	-7.58%	26.43%	11.04%	39.12%	6.18%	-15.01%

Frequently Asked Questions

Growth & Financials

Ichor Holdings, Ltd. (ICHR) reported $957.3M in revenue for fiscal year 2024. This represents a 245% increase from $277.6M in 2013.

Ichor Holdings, Ltd. (ICHR) grew revenue by 4.7% over the past year. Growth has been modest.

Ichor Holdings, Ltd. (ICHR) reported a net loss of $40.8M for fiscal year 2024.

Dividend & Returns

Ichor Holdings, Ltd. (ICHR) has a return on equity (ROE) of -3.3%. Negative ROE indicates the company is unprofitable.

Ichor Holdings, Ltd. (ICHR) had negative free cash flow of $19.1M in fiscal year 2024, likely due to heavy capital investments.