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Upturn AI SWOT - About
ICHR 
Ichor Holdings Ltd (ICHR)
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Upturn Advisory Summary
04/01/2025: ICHR (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type Stock | Historic Profit -37.05% | Avg. Invested days 26 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 758.27M USD | Price to earnings Ratio - | 1Y Target Price 42.83 |
Price to earnings Ratio - | 1Y Target Price 42.83 | ||
Volume (30-day avg) 338551 | Beta 1.92 | 52 Weeks Range 21.77 - 42.70 | Updated Date 04/2/2025 |
52 Weeks Range 21.77 - 42.70 | Updated Date 04/2/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.64 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -2.45% | Operating Margin (TTM) -1.09% |
Management Effectiveness
Return on Assets (TTM) -0.44% | Return on Equity (TTM) -3.3% |
Valuation
Trailing PE - | Forward PE 15.6 | Enterprise Value 834350346 | Price to Sales(TTM) 0.89 |
Enterprise Value 834350346 | Price to Sales(TTM) 0.89 | ||
Enterprise Value to Revenue 0.98 | Enterprise Value to EBITDA 38 | Shares Outstanding 34003200 | Shares Floating 33414988 |
Shares Outstanding 34003200 | Shares Floating 33414988 | ||
Percent Insiders 1.74 | Percent Institutions 96.03 |
Analyst Ratings
Rating 4.57 | Target Price 41.29 | Buy 1 | Strong Buy 5 |
Buy 1 | Strong Buy 5 | ||
Hold 1 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Ichor Holdings Ltd
Company Overview
History and Background
Ichor Holdings, Ltd. was founded in 2013, formed through the merger of several companies with expertise in fluid delivery and gas delivery systems. It has grown through strategic acquisitions and organic growth, focusing on serving the semiconductor capital equipment market.
Core Business Areas
- Gas Delivery Systems: Designs, engineers, and manufactures gas delivery systems for semiconductor manufacturing equipment. These systems control and deliver gases used in various chip fabrication processes.
- Fluid Delivery Systems: Designs, engineers, and manufactures fluid delivery systems for semiconductor manufacturing equipment. These systems handle chemicals and other liquids used in etching, cleaning, and other processes.
- On-Site Services: Provides on-site services, including installation, maintenance, repair, and optimization of gas and fluid delivery systems.
Leadership and Structure
Ichor is led by CEO Jeff Johnson. The company has a board of directors and operates with a functional organizational structure, dividing its operations into sales, engineering, manufacturing, and service divisions.
Top Products and Market Share
Key Offerings
- Gas Delivery Systems: Gas delivery systems, including gas source manifolds, blend manifolds, and valve manifold boxes (VMBs). Competitors include Brooks Automation, Horiba, and Swagelok. Market share data is difficult to precisely determine, but Ichor holds a significant share of the outsourced market. Specific revenue data per product line is not publicly available.
- Fluid Delivery Systems: Fluid delivery systems, including chemical dispense systems and liquid source manifolds. Competitors include Brooks Automation, Entegris, and Mott Corporation. Market share data is difficult to precisely determine, but Ichor holds a significant share of the outsourced market. Specific revenue data per product line is not publicly available.
- Process Control Subsystems: These subsystems optimize the chemical handling capabilities to deliver improved process results. Competitors include Brooks Automation. Market share data is difficult to precisely determine. Specific revenue data per product line is not publicly available.
Market Dynamics
Industry Overview
The semiconductor capital equipment industry is cyclical and driven by demand for semiconductors. It is characterized by high technological demands and significant capital investment. Growth is tied to advances in semiconductor manufacturing processes.
Positioning
Ichor is positioned as a key supplier of gas and fluid delivery systems for semiconductor manufacturing equipment. Its competitive advantage lies in its ability to provide customized solutions, its strong engineering expertise, and its established relationships with leading equipment manufacturers.
Total Addressable Market (TAM)
The TAM for gas and fluid delivery systems is estimated to be several billion dollars annually. Ichor is positioned to capture a significant portion of this market through its established customer relationships and technological capabilities.
Upturn SWOT Analysis
Strengths
- Strong relationships with key semiconductor equipment manufacturers
- Expertise in gas and fluid delivery systems
- Ability to provide customized solutions
- Global manufacturing footprint
Weaknesses
- Dependence on the cyclical semiconductor industry
- Exposure to customer concentration risk
- Potential supply chain vulnerabilities
- Reliance on outsourced manufacturing
Opportunities
- Growth in semiconductor manufacturing capacity
- Increasing complexity of semiconductor manufacturing processes
- Expansion into new geographic markets
- Development of new products and services
Threats
- Economic downturns
- Technological obsolescence
- Increased competition
- Geopolitical risks
Competitors and Market Share
Key Competitors
- BRKS
- ENTG
- HORI
Competitive Landscape
Ichor competes with a range of companies in the gas and fluid delivery systems market. Its advantages include its focus on customization, strong engineering expertise, and established relationships with key customers. Its disadvantages include its dependence on the cyclical semiconductor industry and customer concentration.
Major Acquisitions
Kensington Labs
- Year: 2019
- Acquisition Price (USD millions): 76
- Strategic Rationale: Expanded Ichor's capabilities in process control subsystems.
Growth Trajectory and Initiatives
Historical Growth: Ichor's historical growth has been driven by the increasing demand for semiconductors and the company's ability to win market share.
Future Projections: Analyst estimates project continued growth for Ichor, driven by the long-term trends in semiconductor manufacturing. Growth rates depend on general market conditions and the company's specific execution.
Recent Initiatives: Recent initiatives include investments in new product development, expansion of manufacturing capacity, and strategic acquisitions.
Summary
Ichor Holdings is a relatively strong player in the semiconductor capital equipment market, particularly in gas and fluid delivery systems. Its customer relationships and customization capabilities are key strengths. However, its dependence on the cyclical semiconductor industry and customer concentration pose risks. Future growth depends on its ability to capitalize on new market opportunities and mitigate these risks.
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Sources and Disclaimers
Data Sources:
- Company SEC Filings (10-K, 10-Q)
- Investor Presentations
- Analyst Reports
- Industry Publications
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Market data and estimates are subject to change. Individual investment decisions should be based on thorough research and consultation with a qualified financial advisor.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Ichor Holdings Ltd
Exchange NASDAQ | Headquaters Fremont, CA, United States | ||
IPO Launch date 2016-12-09 | CEO & Executive Director Mr. Jeffrey S. Andreson | ||
Sector Technology | Industry Semiconductor Equipment & Materials | Full time employees 1820 | Website https://www.ichorsystems.com |
Full time employees 1820 | Website https://www.ichorsystems.com | ||
Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment in the United States and internationally. It primarily offers gas and chemical delivery systems and subsystems that are used in the manufacturing of semiconductor devices. The company's gas delivery subsystems deliver, monitor, and control gases used in semiconductor manufacturing processes, such as etch and deposition; and chemical delivery subsystems blend and dispense the reactive liquid chemistries used in semiconductor manufacturing processes comprising chemical-mechanical planarization, electroplating, and cleaning. In addition, it manufactures precision machined components, weldments, electron beam, laser-welded components, precision vacuum and hydrogen brazing, surface treatment technologies, and other proprietary products. It primarily markets its products to equipment OEMs in the semiconductor equipment market in Japan. Ichor Holdings, Ltd. was incorporated in 1999 and is headquartered in Fremont, California.
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