Ultra Clean Stock Fair Value Calculator – ULTRA CLEAN Reports Strong Q2 FY2023 Financial Results
August 22, 2023
☀️Earnings Overview
ULTRA CLEAN ($NASDAQ:UCTT) reported total revenue of USD 421.5 million for the second quarter of FY2023, ending June 30 2023 – a decrease of 30.8% compared to the same quarter of the prior year. The company also achieved a net income of USD -9.4 million, representing an improvement from -25.1 million in the same quarter of the prior year.
Market Price
On Thursday, ULTRA CLEAN reported strong financial results for the second quarter of fiscal year 2023. The company’s stock opened at $36.9 and closed at $36.2, up by 0.9% from previous closing price of 35.8. This marks a significant improvement from the company’s prior quarter results, where ULTRA CLEAN had reported a 4% decline in share prices. The company attributed this strong performance to its cost-cutting measures that have resulted in operational efficiencies and improved processes.
Additionally, the company announced plans to expand its product offerings, which is expected to further drive growth in the upcoming quarters. ULTRA CLEAN’s strong financial results has also been celebrated by investors, who have shown approval for the company’s cost-cutting initiatives and long-term growth plans. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Ultra Clean. More…
| Total Revenues | Net Income | Net Margin |
| 2.06k | 24.8 | 1.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ultra Clean. More…
| Operations | Investing | Financing |
| 97.3 | -96.3 | -103.7 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ultra Clean. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.84k | 937.5 | 19.01 |
Key Ratios Snapshot
Some of the financial key ratios for Ultra Clean are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 19.5% | 24.0% | 5.3% |
| FCF Margin | ROE | ROA |
| -0.2% | 8.0% | 3.7% |
Analysis – Ultra Clean Stock Fair Value Calculator
At GoodWhale, we have analyzed the fundamentals of ULTRA CLEAN and have calculated a fair value of $41.2 per share. Our proprietary Valuation Line takes into account various factors such as the company’s financials, industry trends, and market conditions. This presents a great opportunity for investors who want to benefit from the company’s potential for growth and value appreciation. More…
Peers
The company’s products include gas delivery systems, chemical delivery systems, chemical and plasma etch systems, and clean room automation solutions. The company’s products are used in a variety of applications, including the production of semiconductor devices, flat panel displays, solar cells, and other advanced electronics. Ultra Clean Holdings Inc competes with Contrel Technology Co Ltd, ASM International NV, and Kulicke & Soffa Industries Inc in the market for critical sub-systems for the semiconductor and display industries.
– Contrel Technology Co Ltd ($TPEX:8064)
Contrel Technology Co Ltd is a Taiwanese company that manufactures electronic control devices and products. The company has a market cap of 2.27B as of 2022 and a Return on Equity of 11.5%. Contrel Technology’s products are used in a variety of industries, including automotive, aerospace, and industrial automation.
– ASM International NV ($OTCPK:ASMIY)
ASM International NV is a Netherlands-based company engaged in the development and manufacturing of equipment and materials used in the semiconductor industry. The Company operates through four segments: Front-end, Memory, Foundry and Other. The Front-end segment offers products and services for wafer processing, including thermal processing, wafer cleaning and etching, and deposition. The Memory segment provides equipment and materials used in the production of DRAM, SRAM and Flash memory devices. The Foundry segment offers products used in the production of integrated circuits (ICs), including thermal processing, deposition, etching, and wafer cleaning equipment. The Other segment comprises of the Company’s display, solar and compound semiconductor businesses.
– Kulicke & Soffa Industries Inc ($NASDAQ:KLIC)
Kulicke & Soffa Industries Inc is a leading provider of semiconductor packaging and electronic assembly solutions. The company has a market cap of 2.45B and a ROE of 29.92%. K&S provides a broad range of services, including design, engineering, manufacturing and test. The company’s products are used in a variety of end-markets, including automotive, consumer, industrial, medical and aerospace and defense.
Summary
Investors should take note of ULTRA CLEAN‘s second quarter financial results for FY2023, reported on June 30 2023. Total revenue saw a year-on-year decrease of 30.8%, closing the quarter at USD 421.5 million. Despite this, the company managed to reduce its net loss to USD -9.4 million, from -25.1 million in the same quarter of the prior year.
This shows a progress in ULTRA CLEAN’s financial performance, and may be an indicator of future improvements in the company’s financials. Investors looking to invest in ULTRA CLEAN should monitor the company’s financial performance, as well as analyze the potential risks associated with investing in the company.
