ICHR Stock Analysis: Ichor Holdings | NASDAQ
Semiconductor Equipment & Materials | NASDAQ, USA | Market Cap: 1.368m USD | 12M Return: 114.4% | KYG4740B1059 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 43.0M
Qual. Beats: 1
Rev. Trend: 96.5%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 9.9 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Ichor Holdings designs, engineers, and manufactures fluid delivery subsystems and precision components used by semiconductor capital equipment OEMs. Its two main product lines are gas delivery subsystems, which manage the gases used in etch and deposition processes, and chemical delivery subsystems, which blend and dispense chemistries for chemical-mechanical planarization, electroplating, and cleaning steps.
The company also produces precision-machined components, weldments, and surface-treated parts, and supports customers through facilities in Singapore, the United States, and Europe. Founded in 1999 and headquartered in Fremont, California, Ichor sits within the broader Wafer Fab Equipment (WFE) supply chain as a specialist subsystem provider whose products are integrated into tools sold to chip manufacturers worldwide.
- Wafer fab equipment spending recovery drives fluid delivery subsystem demand
- Semiconductor OEM order weakness pressures gross margins into 2025
- WFE customer concentration with Lam Research and Applied Materials caps pricing power
| Net Income: 3.52m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.05 > 0.02 and ΔFCF/TA -5.26 > 1.0 |
| NWC/Revenue: 45.82% < 20% (prev 30.00%; Δ 15.81% < -1%) |
| CFO/TA -0.03 > 3% & CFO -38.4m > Net Income 3.52m |
| Net Debt (-44.4m) to EBITDA (52.4m): -0.85 < 3 |
| Current Ratio: 3.56 > 1.5 & < 3 |
| Outstanding Shares: last quarter (38.2m) vs 12m ago 11.11% < -2% |
| Gross Margin: 13.03% > 18% (prev 9.90%; Δ 3.13% > 0.5%) |
| Asset Turnover: 100.6% > 50% (prev 98.94%; Δ 1.66% > 0%) |
| Interest Coverage Ratio: 3.60 > 6 (EBIT TTM 18.9m / Interest Expense TTM 5.26m) |
| A: 0.41 (Total Current Assets 702.9m - Total Current Liabilities 197.4m) / Total Assets 1.23b |
| B: 0.12 (Retained Earnings 150.5m / Total Assets 1.23b) |
| C: 0.02 (EBIT TTM 18.9m / Avg Total Assets 1.10b) |
| D: 2.62 (Book Value of Equity 887.9m / Total Liabilities 338.6m) |
| Altman-Z'' = 5.97 = AAA |
| DSRI: 1.44 (Receivables 140.6m/84.4m, Revenue 1.10b/956.3m) |
| GMI: 0.76 (GM 9.90% / 13.03%) |
| AQI: 0.78 (AQ_t 0.32 / AQ_t-1 0.41) |
| SGI: 1.15 (Revenue 1.10b / 956.3m) |
| TATA: 0.03 (NI 3.52m - CFO -38.4m) / TA 1.23b) |
| Beneish M = -2.90 (Cap -4..+1) = A |
As of November 05, 2026, the stock is trading at USD 33.71 with a total of 1,326,232 shares traded. Over the past week, the price has changed by -21.75%, over one month by -46.77%, over three months by -52.70% and over the past year by +114.37%.
Current recommended Stop Loss: 29.40 (which is 12.8% or 1.3 ATR below the current price).
Ichor Holdings has received a consensus analysts rating of 4.63. Therefore, it is recommended to buy ICHR.
- StrongBuy: 6
- Buy: 1
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 83.3 | 147% |
P/E Trailing = 521.8571
P/E Forward = 10.846
P/S = 1.2403
P/B = 1.5916
P/EG = 0.155
Revenue TTM = 1.10b USD
EBIT TTM = 18.9m USD
EBITDA TTM = 52.4m USD
Long Term Debt = 117.3m USD (from longTermDebt, last fiscal year)
Short Term Debt = 18.2m USD (from shortTermDebt, last quarter)
Debt = 169.1m USD (corrected: LT Debt 117.3m + ST Debt 18.2m) + Leases 33.6m
Net Debt = -44.4m USD (calculated: Debt 169.1m - CCE 213.5m)
Enterprise Value = 1.32b USD (1.37b + Debt 169.1m - CCE 213.5m)
Interest Coverage Ratio = 3.60 (Ebit TTM 18.9m / Interest Expense TTM 5.26m)
EV/FCF = -19.69x (Enterprise Value 1.32b / FCF TTM -67.2m)
FCF Yield = -5.08% (FCF TTM -67.2m / Enterprise Value 1.32b)
FCF Margin = -6.10% (FCF TTM -67.2m / Revenue TTM 1.10b)
Net Margin = 0.32% (Net Income TTM 3.52m / Revenue TTM 1.10b)
Gross Margin = 13.03% ((Revenue TTM 1.10b - Cost of Revenue TTM 959.4m) / Revenue TTM)
Gross Margin QoQ = 15.83% (prev 13.90%)
Tobins Q-Ratio = 1.08 (Enterprise Value 1.32b / Total Assets 1.23b)
Interest Expense / Debt = 3.11% (Interest Expense 5.26m / Debt 169.1m)
Taxrate = 5.94% (1.32m / 22.3m)
NOPAT = 17.8m (EBIT 18.9m * (1 - 5.94%))
Current Ratio = 3.56 (Total Current Assets 702.9m / Total Current Liabilities 197.4m)
Debt / Equity = 0.19 (Debt 169.1m / totalStockholderEquity, last quarter 887.9m)
Debt / EBITDA = -0.85 (Net Debt -44.4m / EBITDA 52.4m)
Debt / FCF = 0.66 (negative FCF - burning cash) (Net Debt -44.4m / FCF TTM -67.2m)
Total Stockholder Equity = 771.3m (last 4 quarters mean from totalStockholderEquity)
RoA = 0.32% (Net Income 3.52m / Total Assets 1.23b)
RoE = 0.46% (Net Income TTM 3.52m / Total Stockholder Equity 771.3m)
RoCE = 2.13% (EBIT 18.9m / Capital Employed (Equity 771.3m + L.T.Debt 117.3m))
RoIC = 1.79% (NOPAT 17.8m / Invested Capital 992.2m)
WACC = 16.46% (E(1.37b)/V(1.54b) * Re(18.13%) + D(169.1m)/V(1.54b) * Rd(3.11%) * (1-Tc(0.06)))
Discount Rate = 18.13% (= CAPM, Blume Beta Adj.) -> capped to 12.54%
Shares (quarterly) Correlation: 83.17 | Cagr: 5.89%
[DCF] Fair Price = unknown (Cash Flow -67.2m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 3.13 | # QB: 1
Revenue Correlation: 96.46 | Revenue CAGR: 11.85% | SUE: -0.34 | # QB: 0
EPS current Year (2026-12-31): EPS=1.71 | Chg30d=+8.60% | Revisions=+70% | GrowthEPS=+641.3% | GrowthRev=+30.7%
EPS next Year (2027-12-31): EPS=3.38 | Chg30d=+3.52% | Revisions=+70% | GrowthEPS=+98.5% | GrowthRev=+33.3%
[Analyst] Revisions Ratio: +82% (up=14, down=0)