Ultra Clean Holdings: Still Stuck In Neutral (NASDAQ:UCTT)

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Silicon wafer for integrated circuit

shenjun gong

Ultra Clean Holdings, Inc. (NASDAQ:UCTT), a supplier of ultra-high purity cleaning and other subsystems for semiconductor manufacturing equipment, got off to a good start in 2023 with a rally that built on the one that started last

UCTT chart

Source: finviz.com

UCTT

LRCX

AMAT

Market cap

$1.49B

$64.44B

$92.56B

Enterprise value

$1.70B

$65.07B

$95.81B

Revenue

$2,423.0M

$17,996.7M

$25,785.0M

EBITDA

$309.3M

$6,037.0M

$8,266.0M

Trailing GAAP P/E

25.73

13.56

14.74

Forward GAAP P/E

36.91

13.75

17.06

PEG ratio

N/A

0.76

0.91

P/S

0.61

3.64

3.70

P/B

1.73

8.69

7.59

EV/revenue

0.70

6.48

3.72

Trailing EV/EBITDA

5.48

10.78

11.59

Forward EV/EBITDA

5.62

11.30

13.58

(GAAP)

Q3 FY2022

Q2 FY2022

Q3 FY2021

QoQ

YoY

Revenue

$635.006M

$608.697M

$553.652M

4.32%

14.69%

Gross margin

19.6%

19.4%

20.6%

20bps

(100bps)

Operating margin

5.7%

(0.9%)

9.1%

(340bps)

Income (loss) from operations

$36.276M

($5.511M)

$50.584M

(28.29%)

Net income (loss) attributable to UCTT

$9.735M

($25.093M)

$31.880M

(69.46%)

EPS

$0.21

($0.56)

$0.70

(70.00%)

(Non-GAAP)

Revenue

$635.006M

$608.697M

$553.652M

4.32%

14.69%

Gross margin

20.6%

20.3%

21.6%

30bps

(100bps)

Operating margin

11.7%

11.1%

12.4%

60bps

(130bps)

Income (loss) from operations

$74.215M

$67.390M

$68.493M

10.13%

8.35%

Net income (loss) attributable to UCTT

$48.550M

$47.415M

$48.757M

2.39%

(0.42%)

EPS

$1.06

$1.04

$1.07

9.47%

(0.93%)