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ACM Research (ACM Research) Intrinsic Value: Projected FCF : $-6.03 (As of May. 20, 2024)


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What is ACM Research Intrinsic Value: Projected FCF?

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2024-05-20), ACM Research's Intrinsic Value: Projected FCF is $-6.03. The stock price of ACM Research is $23.52. Therefore, ACM Research's Price-to-Intrinsic-Value-Projected-FCF of today is 0.0.

The historical rank and industry rank for ACM Research's Intrinsic Value: Projected FCF or its related term are showing as below:

During the past 9 years, the highest Price-to-Intrinsic-Value-Projected-FCF of ACM Research was 18.32. The lowest was 3.84. And the median was 4.45.

ACMR's Price-to-Projected-FCF is not ranked *
in the Semiconductors industry.
Industry Median: 2.04
* Ranked among companies with meaningful Price-to-Projected-FCF only.

ACM Research Intrinsic Value: Projected FCF Historical Data

The historical data trend for ACM Research's Intrinsic Value: Projected FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

ACM Research Intrinsic Value: Projected FCF Chart

ACM Research Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only - - - -1.56 -5.30

ACM Research Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -3.00 -3.08 -4.37 -5.30 -6.03

Competitive Comparison of ACM Research's Intrinsic Value: Projected FCF

For the Semiconductor Equipment & Materials subindustry, ACM Research's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


ACM Research's Price-to-Projected-FCF Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, ACM Research's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where ACM Research's Price-to-Projected-FCF falls into.



ACM Research Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get ACM Research's Free Cash Flow(6 year avg) = $-69.73.

ACM Research's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Mar24)*0.8)/Shares Outstanding (Diluted Average)
=(14.862653310476*-69.73312+796.202*0.8)/66.242
=-6.03

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


ACM Research  (NAS:ACMR) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

ACM Research's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=23.52/-6.0302766646208
=

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


ACM Research Intrinsic Value: Projected FCF Related Terms

Thank you for viewing the detailed overview of ACM Research's Intrinsic Value: Projected FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


ACM Research (ACM Research) Business Description

Industry
Traded in Other Exchanges
Address
42307 Osgood Road, Suite I, Fremont, CA, USA, 94539
ACM Research Inc is an us-based company. It is engaged in developing, manufacturing, and selling single-wafer wet cleaning equipment, which is used by semiconductor manufacturers in numerous manufacturing steps to remove particles, contaminants, and other random defects to improve product yield, in fabricating integrated circuits, or chips. The company offers space alternated phase shift which employs alternating phases of megasonic waves to deliver megasonic energy to flat and patterned wafer surfaces on a microscopic level; and Timely Energized Bubble Oscillation technology which provides effective, damage-free cleaning for both conventional two and three-dimensional patterned wafers at process nodes.
Executives
Mark Mckechnie officer: See remarks ACM RESEARCH, INC., 42307 OSGOOD ROAD, SUITE I, FREMONT CA 94539
Lisa Feng officer: See remarks ACM RESEARCH, INC., 42307 OSGOOD ROAD, SUITE I, FREMONT CA 94539
Tracy Liu director C/O ACM RESEARCH, INC., 42307 OSGOOD ROAD, SUITE I, FREMONT CA 94539
David H Wang director, 10 percent owner, officer: See Remarks C/O ACM RESEARCH, INC., 42307 OSGOOD ROAD, SUITE I, FREMONT CA 94539
Haiping Dun director C/O ACM RESEARCH, INC., 42307 OSGOOD ROAD, SUITE I, FREMONT CA 94539
Fuping Chen officer: See Remarks ACM RESEARCH, INC., 42307 OSGOOD ROAD, SUITE I, FREMONT CA 94539
Sotheara Cheav officer: See Remarks C/O ACM RESEARCH, INC., 42307 OSGOOD ROAD, SUITE I, FREMONT CA 94539
Shanghai Pudong Science & Technology Investment Group Co., Ltd. 10 percent owner, other: Possible member of 10% group FLOOR 16-17, #118 RONGKE ROAD, PUDONG DISTRICT, SHANGHAI F4 200120
Shanghai Science & Technology Venture Capital (group) Co., Ltd. 10 percent owner, other: Possible member of 10% group FLOOR 16-17, #118 RONGKE ROAD, PUDONG DISTRICT, SHANGHAI F4 201203
Xiao Xing director C/O ACM RESEARCH, INC., 42307 OSGOOD ROAD, SUITE I, FREEMONT CA 94539
Yinan Xiang director C/O ACM RESEARCH, INC., 42307 OSGOOD ROAD, SUITE I, FREMONT CA 94539
Chenming Hu director 2060 PEBBLE DRIVE, ALAMO CA 94507
Jian Wang officer: See Remarks C/O ACM RESEARCH, INC., 42307 OSGOOD ROAD, SUITE I, FREMONT CA 94539
Zhengfan Yang director XINXIN (HONGKONG) CAPITAL CO., LIMITED, 3RD FLOOR NORTH, NO. 7 FINANCIAL STREET, XICHENG DISTRICT, BEIJING F4 100033
Fufa Chen officer: See Remarks C/O ACM RESEARCH, INC., 42307 OSGOOD ROAD, SUITE I, FREMONT CA 94539