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  "documentTitle": "ACM Research, Inc. (ACMR)",
  "authorId": "53_Kerrisdale_Capital",
  "authorName": "Kerrisdale Capital",
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  "presentationDate": "2025-01-29 00:00:00",
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  "notes": "The slide argues that ACMR is undervalued across multiple valuation approaches, including peer multiples and DCF.",
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      "text": "In fact, every valuation methodology we apply to ACMR yields massive upside.",
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      "text": "share price: $81",
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      "text": "Investors buying ACMR shares today in the teens are getting a steal. The muddled rationales out there trying to justify the current low stock price are all silly.",
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      "text": "Source: S&P Capital IQ, Kerrisdale analysis",
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      "text": "Methodology, Price, Upside; Valuation of ACMS Holding at Current Levels, $73, 318%; Based on Median Chinese WFE EV / 2025E Revenue Multiple, $102, 481%; Based on Median Small-Cap US WFE EV / 2025E Revenue Multiple, $104, 496%; Based on Median Large-Cap US/Japan WFE EV / 2025E Revenue Multiple, $72, 310%; Discounted 2028E EPS Valued at Sector 30x P/E Multiple, $63, 259%; Discounted Cash Flow Analysis, $72, 311%; Average, $81, 362%",
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      "kind": "title",
      "text": "Summary ACMR Share Price Upside Implied by Valuation Methodologies",
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