Rational Investing

Semiconductor Equipment & Materials

	Total Market Capitalization of All Firms	$1,734,396 mm
	Average Market Capitalization	$49,554 mm
	Average Market to Model Ratio Weighted by Log of Market Cap	1.4
	Standard Deviation of MM Ratio	0.6
	Average Beta	1.3
	Average EV To Revenue	4.9
	Average EV To EBITDAM	21.4
	Average Price To Free Cash Flow	34.3

Ticker	Company Name	Market To Model	Market Cap ($ mm)	EV to Revenue	Price To FCF	EV/EBITDAM	% Growth	Beta	As Of
AIXA.DE	AIXTRON SE	3.46	3,060	8.5	22.6	40	33	0.7	Mar 21
0522.HK	ASM PACIFIC TECHNOLOGY LTD	3.15	6,518	0.5	63.5	35.4	8	1.1	Dec 20
VECO	Veeco Instruments Inc.	2.60	1,262	2.8	25.4	18.4	24	1.4	Mar 21
TER	Teradyne Inc	2.22	21,861	6.3	36.6	20.9	15	1.2	Mar 21
LRCX	Lam Research Corp	1.90	92,737	7.3	21.6	18.9	35	1.2	Mar 21
KLIC	Kulicke & Soffa Industries Inc	1.83	3,517	3.3	16.9	13.3	73	1.2	Mar 21
ENTG	Entegris Inc.	1.69	16,173	7.6	74.4	32.5	22	1.2	Mar 21
CREE	Cree Inc	1.67	11,548	13.5	99	40	1	1.5	Mar 21
2303.TW	United Microelectronics Corp	1.58	23,039	0.5	13.0	13.6	17	1.6	Mar 21
WAF.DE	Siltronic AG	1.57	5,153	4.7	65.5	14.6	3	1.7	Mar 21
6146	DisCo Corp	1.55	11,524	0.0	40.7	20.0	37	1.3	Mar 21
BRKS	Brooks Automation Inc.	1.51	7,493	6.9	73.9	43.6	23	1.8	Mar 21
XLNX	Xilinx Inc	1.47	31,549	9.2	26.3	23.9	14	1.0	Mar 21
OLED	Universal Display Corporation	1.43	10,153	20.2	52.5	41.1	18	1.3	Mar 21
KLAC	Kla Tencor Corp	1.42	49,848	7.5	28.0	20.5	23	1.2	Mar 21
CCMP	CMC Materials	1.41	4,639	4.8	25.7	17.8	3	1.2	Mar 21
ASM.AS	ASM International NV	1.38	15,970	9.9	31.2	22.0	22	1.4	Mar 21
ASML.AS	Asml Holding Nv	1.30	291,623	15.1	47.6	35.3	40	1.2	Mar 21
6239.TW	Powertech Technology Inc.	1.15	3,014	0.4	7.8	8.5	10	1.1	Mar 21
AMS.SW	AMS AG	1.10	5,791	1.6	19	12.1	93	2.0	Mar 21
3105.TW	WIN Semiconductors Corp	1.08	5,719	0.6	60.4	28.4	14	1.0	Mar 21
8035	Tokyo Electron Limited	1.08	70,154	0.1	31.9	18.9	55	1.0	Mar 21
6488.TW	GlobalWafers Co., Ltd.	1.07	13,469	0.5	32.0	22.3	6	1.6	Mar 21
2330.TW	Taiwan Semiconductor Mfg. Co.	1.04	563,664	0.6	53.9	23.9	14	1.3	Mar 21
ASML	Asml Holding Nv	1.04	295,443	13.1	50.5	37.0	44	1.2	Mar 21
CLS	Celestica Inc	1.02	900	0.3	8.2	8.5	1	2.5	Mar 21
PLAB	Photronics Inc.	0.99	903	1.5	10.8	10.3	4	0.9	Jan 21
7735	Screen Holdings Co Ltd	0.94	4,649	0.1	21.0	12.9	10	1.3	Mar 21
AMAT	Applied Materials Inc	0.92	127,582	5.9	27.7	20.1	32	1.4	Apr 21
BESI.AS	BE Semiconductor Industries NV	0.85	6,271	11.1	44.6	28.6	39	1.4	Mar 21
AMKR	Amkor Technology Inc	0.78	5,755	1.2	12.2	9.1	19	1.5	Mar 21
3711.TW	ASE Technology Holding Co., Lt	0.76	18,427	0.4	15.5	12.6	17	1.4	Mar 21
7729	Tokyo Seimitsu Co Ltd	0.76	1,956	0.1	19.0	11.5	33	1.4	Mar 21
IMOS	Chipmos Technologies	0.74	1,267	1.7	14.2	6.4	17	1.1	Mar 21
COHU	Cohu Inc.	0.63	1,765	2.3	7.6	7.0	47	1.7	Mar 21