Professional
Added to YB: 2025-01-31
Pitch date: 2025-01-30
ACMR [bullish]
ACM Research, Inc.
+246.68%
current return
Author Info
Kerrisdale Capital is a research-oriented investment firm that shares investment ideas. Sign up for the newsletter.
Company Info
ACM Research, Inc., together with its subsidiaries, develops, manufactures, and sells capital equipment in Mainland China and internationally.
Market Cap
$3.7B
Pitch Price
$20.65
Price Target
73.00 (+2%)
Dividend
N/A
EV/EBITDA
23.15
P/E
40.98
EV/Sales
3.65
Sector
Semiconductors and Semiconductor Equipment
Category
growth
ACM Research, Inc. - $ACMR: Fabrication of a 10-Bagger
ACMR: Leading Chinese WFE supplier benefiting from China's semiconductor self-sufficiency push. Dominant in cleaning tools, expanding into new products & global markets. 82%-owned Shanghai subsidiary trades at 6x 2025E revenue vs ACMR at 1.1x. Potential 300%+ upside as valuation gap closes. $1.5B ex-China revenue target by 2030.
Read full article (34 min)