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ACMR

ACM Research, Inc.
$55.39
+0.78% Oct 21 close
Information TechnologyS&P 600 Compare
-25%+36%+97%+158%+219%Oct 2025Oct 2026Apr 2026
ACMRSPY
1W
-9.4%
1M
-23.9%
3M
-38.1%
6M
+1.6%
YTD
+40.4%
1Y
+42.3%

Live chart

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What they do

ACM Research, Inc. develops, manufactures, and sells capital equipment in Mainland China and internationally. It also develops, manufactures, and sells a range of packaging tools to wafer assembly and packaging customers. The company provides wet cleaning equipment for front end production processes; electrochemical plating, furnace, PECVD, and track platforms.

Technology · Semiconductor Equipment & Materials

For information only · Important disclosures

Grades vs sector

Momentum
82nd percentile in sector
A-
12-1 return: +95.2%
Percentile within its GICS sector across the S&P 1500.
Growth
81st percentile in sector
A-
Revenue growth (YoY): +36.0%
Percentile within its GICS sector across the S&P 1500.
Value
50th percentile in sector
C+
Forward E/P: 5.5% · EBITDA/EV: 5.1%
Percentile within its GICS sector across the S&P 1500.
Profitability
54th percentile in sector
C+
Profit margin: +14.5% · Return on equity: +11.6%
Percentile within its GICS sector across the S&P 1500.
Revisions
Not enough data yet
–
EPS estimate change, 30 days (current FY): –
30-day change in analysts' current-year EPS estimate; graded across covered stocks.

Our models

Not held by any of our 5 live models right now.

Quality Growth
Outside this model's universe or screens
Momentum Top 15
Outside this model's universe or screens
Momentum Blend
Not in the current book
New Highs Growth
Outside this model's universe or screens
Coteau Long Book
Not in the current book

News

More news
ACM Research, Inc. (ACMR) Stock Drops Despite Market Gains: Important Facts to Note
Zacks · Oct 20
ACM Research, Inc. (ACMR) is Attracting Investor Attention: Here is What You Should Know
Zacks · Oct 20
ACM Research to Release Third Quarter 2026 Financial Results on November 5, 2026
GlobeNewswire · Oct 19
ACM Research Is Gaining Ground as China Replaces Foreign Semiconductor Equipment
24/7 Wall St. · Oct 19
Broadcom And 2 Top AI Chip Stocks To Watch
Simply Wall St. · Oct 14

Key stats

Market value$3.9B
P/E (last 12 months)26.1
P/E (next 12 months, estimated)18.8
52-week range$28.46 – $127.19
Revenue growth (latest quarter vs a year ago)+36.0%
Dividend yieldNo dividend
Analyst consensusStrong Buy (9)
Average analyst price target$115.33 (+108%)
Valuation and fundamentals

Valuation & fundamentals

Bottom line
No cash-flow valuation
Model read-out from the numbers below, not advice. Score +0 (DCF counts double).
•Forward P/E vs sector18.8x vs median 16.9x
▼Piotroski F-score2/9
▲Altman Z3.7 (safe)
▲Net debt / EBITDA-4.6x
▲Analyst target+108% (9 analysts)

Discounted cash flow

CyclicalValued on average-cycle margins
Trailing free cash flow is negative or missing, so a cash-flow DCF isn't meaningful by default. You can enter your own assumptions below.
Reverse DCFfor context, not a signal
Trailing free cash flow is zero or negative, so there's no growth rate to solve for. The price is betting on a turnaround to positive cash flow.
Edit assumptions · recalculates instantly
Your value per share–

Free cash flow = operating cash flow − capital spending, trailing 12 months (TTM to 2026-06-30). Growth default: average of 3-year revenue CAGR and latest revenue growth, capped at 30%. Years 6–10 fade linearly to terminal growth. Discount rate = 4.25% risk-free assumption + beta 2.09 × 5% equity premium, kept within 7–13%. Bear: lower growth, +1 pt discount, 2% terminal. Bull: higher growth, −1 pt, 3%.

Multiples vs Information Technology

P/E (trailing)
sector median 35.9× · 34th pct
26.1×
cheaper
Forward P/E
sector median 16.9× · 55th pct
18.8×
pricier
EV / EBITDA
sector median 20.8× · 47th pct
19.6×
cheaper
Price / sales
sector median 4.6× · 41st pct
3.7×
cheaper
Price / book
sector median 5.1× · 14th pct
2.1×
cheaper
FCF yield
sector median 3.5% · 3rd pct
-3.1%
pricier

Forward EPS $2.94 vs trailing $2.12 (+39% expected growth). Forward P/E uses analysts' next-12-month estimate.

Quality & financial health

Gross margin
43.8%
Operating margin
13.3%
FCF margin
-11.4%
Net margin
14.5%
Return on equity
8.1%
Return on invested capital
10.9%
Net debt / EBITDA
-4.6×
Current ratio
3.7×
Interest cover
18.1×
Cash conversion (OCF/NI)
-0.0×
Piotroski F-score 2/9 · last two fiscal years
✓ Positive net income✗ Positive operating cash flow✗ Return on assets improved✗ Cash flow above net income✗ Long-term debt / assets fell✓ Current ratio improved✗ No share dilution✗ Gross margin improved✗ Asset turnover improved

Altman Z-score 3.7 (safe zone; above 3.0 = safe, below 1.8 = distress). Not meaningful for banks and insurers.

Analysts

Mean target
$115
+108%
Analysts
9
Strong Buy
Range
$75–$159
low – high
● price · ◆ mean target

Annual history

FYRevenueNet incomeFree cash flow
2025$901.3M$94.1M$-66.6M
2024$782.1M$103.6M$70.0M
2023$557.7M$77.3M$-137.2M
2022$388.8M$39.3M$-153.3M
2021$259.8M$37.8M$-49.2M
2020$156.6M$18.8M$-18.8M

From the company's 10-K filings via SEC XBRL. 3-year revenue CAGR +32.3%.

Earnings

Next report: 2026-11-05 · before open · EPS est 0.52
24-1125-0225-0525-0825-1126-0226-0526-080.000.63
EstimateActual (beat)Actual (miss)
ReportEPS estActualSurprise
2026-08-060.340.61+81.2%
2026-05-070.200.34+72.9%
2026-02-260.400.25-37.5%
2025-11-050.530.36-32.4%
2025-08-060.500.54+7.5%
2025-05-070.350.46+32.4%
2025-02-250.390.56+44.5%
2024-11-070.370.63+68.8%

Quarterly revenue

QuarterRevenueYoY
2026-06-30$292.9M+36.0%
2026-03-31$231.3M–
2025-12-31$244.4M–
2025-09-30$269.2M–
2025-06-30$215.4M–
Analyst actions
Daiwa Capital
2026-08-26 · init
→ Buy
PT $136
Morgan Stanley
2026-06-24 · main
Overweight → Overweight
PT $130
Roth Capital
2026-06-18 · main
Buy → Buy
PT $125
Seaport Global
2026-05-05 · init
→ Buy
PT $75
Roth Capital
2025-09-30 · main
Buy → Buy
PT $50
JP Morgan
2025-02-28 · init
→ Overweight
PT $36

Stats refreshed 2026-10-21 12:15:45 ET from Yahoo Finance (yfinance). "–" means the data isn't available. Refresh now

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coteau

Independent research · Not investment advice · Important disclosures · Contact desk@coteau.app

Coteau Systematic Strategies publishes stock research and model portfolios. Results are hypothetical unless marked Live. Data: Yahoo Finance (15-min delayed), SEC EDGAR and the House Clerk.

Beta 0.9 · Oct 21, 2026