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Ichor Holdings Ltd
NASDAQ:ICHR

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Ichor Holdings Ltd Logo
Ichor Holdings Ltd
NASDAQ:ICHR
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Price: 38.62 USD -0.13% Market Closed
Updated: Mar 29, 2024

Intrinsic Value

Ichor Holdings Ltd. engages in designing, engineering, and manufacturing fluid delivery subsystems for semiconductor capital equipment. [ Read More ]

The intrinsic value of one ICHR stock under the Base Case scenario is 41.25 USD. Compared to the current market price of 38.62 USD, Ichor Holdings Ltd is Undervalued by 6%.

Key Points:
ICHR Intrinsic Value
Base Case
41.25 USD
Undervaluation 6%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Ichor Holdings Ltd

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Fundamental Analysis

Ichor Reports Solid Q4 Growth, Bright 2025 Outlook
2023-Q4 Earnings Call

Ichor Reports Solid Q4 Growth, Bright 2025 Outlook

Ichor's Q4 2023 revenues hit $203 million, a 3% sequential increase. Efforts to trim inventory generated $35 million in free cash flow, aiding a significant $32 million debt reduction. Despite mix shifts tempering gross margins, the gas panel segment suggested the cycle's upturn. Key market expansions—particularly in EUV lithography and silicon carbide gas panels—fuel optimism. Silicon carbide revenue impact is projected to double in 3-4 years, boosting overall growth. Proprietary developments, especially in gas panel design, promise to push gross margins over 20%. Looking forward, steady revenues of $200 million are expected through H1 2024, with a ramp-up in H2, setting the stage for a leap towards $250-300 million-plus in 2025.

Financials

Balance Sheet Decomposition
Ichor Holdings Ltd

Current Assets 401.4m
Cash & Short-Term Investments 80m
Receivables 66.7m
Other Current Assets 254.7m
Non-Current Assets 537.1m
PP&E 129.4m
Intangibles 392.7m
Other Non-Current Assets 15.1m
Current Liabilities 99m
Accounts Payable 60.5m
Accrued Liabilities 24.3m
Other Current Liabilities 14.1m
Non-Current Liabilities 274.8m
Long-Term Debt 241.2m
Other Non-Current Liabilities 33.7m
Efficiency

Earnings Waterfall
Ichor Holdings Ltd

Revenue
811.1m USD
Cost of Revenue
-707.7m USD
Gross Profit
103.4m USD
Operating Expenses
-114.3m USD
Operating Income
-10.9m USD
Other Expenses
-32.1m USD
Net Income
-43m USD

Free Cash Flow Analysis
Ichor Holdings Ltd

Last Value
3-Years Average
FCF Margin
Conversion Rate
History
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Fundamental Scores

ICHR Profitability Score
Profitability Due Diligence

Ichor Holdings Ltd's profitability score is 41/100. The higher the profitability score, the more profitable the company is.

Positive Revenue Growth Forecast
Positive Gross Profit
Positive Free Cash Flow
Positive 3-Year Average ROIC
41/100
Profitability
Score

Ichor Holdings Ltd's profitability score is 41/100. The higher the profitability score, the more profitable the company is.

ICHR Solvency Score
Solvency Due Diligence

Ichor Holdings Ltd's solvency score is 52/100. The higher the solvency score, the more solvent the company is.

Short-Term Solvency
Low D/E
Long-Term Solvency
High Altman Z-Score
52/100
Solvency
Score

Ichor Holdings Ltd's solvency score is 52/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

ICHR Price Targets Summary
Ichor Holdings Ltd

Wall Street analysts forecast ICHR stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for ICHR is 40.8 USD with a low forecast of 36.36 USD and a high forecast of 44.1 USD.

Lowest
Price Target
36.36 USD
6% Downside
Average
Price Target
40.8 USD
6% Upside
Highest
Price Target
44.1 USD
14% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Ownership

ICHR Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
Why is insider trading important?

Shareholder Return

ICHR Price
Ichor Holdings Ltd

1M 1M
-10%
6M 6M
+25%
1Y 1Y
+27%
3Y 3Y
-22%
5Y 5Y
+71%
10Y 10Y
+295%
Annual Price Range
38.62
52w Low
22.36
52w High
45.48
Price Metrics
Average Annual Return 12.45%
Standard Deviation of Annual Returns 46.14%
Max Drawdown -65%
Shares Statistics
Market Capitalization 1.1B USD
Shares Outstanding 29 633 500
Percentage of Shares Shorted 5.74%

ICHR Return Decomposition
Main factors of price return

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ICHR News

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Company Profile

Ichor Holdings Ltd Logo
Ichor Holdings Ltd

Country

United States of America

Industry

Semiconductors

Market Cap

1.1B USD

Dividend Yield

0%

Description

Ichor Holdings Ltd. engages in designing, engineering, and manufacturing fluid delivery subsystems for semiconductor capital equipment. The company is headquartered in Fremont, California and currently employs 1,850 full-time employees. The company went IPO on 2016-12-09. Its product offerings include gas and chemical delivery systems and subsystems, collectively known as fluid delivery systems and subsystems, which are key elements of the process tools used in the manufacturing of semiconductor devices. Its gas delivery subsystems deliver, monitor, and control precise quantities of the specialized gases used in semiconductor manufacturing processes such as etching and deposition. Its chemical delivery systems and subsystems precisely blend and dispense the reactive liquid chemistries used in semiconductor manufacturing processes, such as chemical-mechanical planarization, electroplating, and cleaning. The company also manufactures precision machined components, weldments, and other products for use in fluid delivery systems for direct sales to its customers.

Contact

CALIFORNIA
Fremont
3185 Laurelview Ct
+15108975200.0
http://www.ichorsystems.com/

IPO

2016-12-09

Employees

1 850

Officers

CEO & Executive Director
Mr. Jeffrey S. Andreson
Chief Technology Officer
Mr. Philip Barros
Chief Commercial Officer
Mr. Christopher Smith
Chief Financial Officer
Mr. Greg F. Swyt
Chief Operating Officer
Mr. Bruce Ragsdale
Chief HR Officer
Ms. Diana Finucane

See Also

Discover More
What is the Intrinsic Value of one ICHR stock?

The intrinsic value of one ICHR stock under the Base Case scenario is 41.25 USD.

Is ICHR stock undervalued or overvalued?

Compared to the current market price of 38.62 USD, Ichor Holdings Ltd is Undervalued by 6%.