Ichor Holdings Ltd
NASDAQ:ICHR
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%.
Valuation Backtest
Ichor Holdings Ltd
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Fundamental Analysis
Ichor Reports Solid Q4 Growth, Bright 2025 Outlook
2023-Q4 Earnings Call
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.
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 |
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
What is Free Cash Flow?
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.
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.
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
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.
Ownership
ICHR Insider Trading
Buy and sell transactions by insiders
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Shareholder Return
ICHR Price
Ichor Holdings Ltd
Average Annual Return | 12.45% |
Standard Deviation of Annual Returns | 46.14% |
Max Drawdown | -65% |
Market Capitalization | 1.1B USD |
Shares Outstanding | 29 633 500 |
Percentage of Shares Shorted | 5.74% |
Company Profile
Country
Industry
Market Cap
Dividend Yield
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
IPO
Employees
Officers
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%.