ATLAS
$19.70
189.6% vs S&P 12m

Pure-play silicon wafer manufacturer with deep relationships across leading-edge logic and memory customers.

One of three suppliers in a global oligopoly that gates wafer supply for every AI accelerator and HBM die.

Products
  • 300mm polished wafers
  • Epitaxial wafers
  • SOI wafers
Competitors (3)

Composite score

Higher = stronger overall research case

47
Fundamental41
Technical81
Valuation20
AI relevance55
Risk-adjusted (higher = safer)41
Segment-relative fundamental percentile: 20

Synthetic 1Y price action

Deterministic price series; 50d (yellow) and 200d (orange) MAs shown

3M RS: 93.4%6M RS: 97.2%12M RS: 189.6%Vol30d: 96%DD52w: -18.1%

Financial summary

Curated, illustrative

Revenue
$2.62B
Growth (YoY)
-1.0%
Gross margin
10.8%
Operating margin
-7.3%
FCF
$52.30M
Capex
$915.26M
Net cash / (debt)
$-1.69B
ROIC
-0.9%
Customer conc.
Medium

Valuation

Market cap
$6.89B
Enterprise value
$8.58B
P/E (TTM)
22.0x
Forward P/E
62.5x
EV / Sales
3.3x
EV / EBITDA
12.4x
P / FCF
131.7x
PEG
7.7x
Rule of 40

Risks

Severity 1 (low) to 5 (severe)

  • 4
    Wafer pricing trough
  • 4
    High capex intensity
  • 4
    Memory cycle exposure

Score components

What drove the composite

Growth33
Profitability25
Cash generation32
Balance sheet54
Moat / AI relevance62
Capital intensity (higher = lighter)23
Customer diversification60
Valuation discipline (dilution)65
Trend (MA50/MA200)95
Momentum (3/6/12m)80
Relative strength100
Realized vol (higher = lower vol)21

Segment peers

Other companies in Raw inputs