The ACCE composite score for $ICHR (Ichor Holdings) dropped 18 points, moving from 44 to 26 out of 100. That is a meaningful single-move decline, and the current score breakdown helps explain the pressure: Growth sits at 28/100, Value at 20/100, and Quality at 31/100.
The Value subscore of 20 stands out as the weakest pillar. The 6-model fair value estimate comes in at $51.14, which represents a 47.3% discount to the current price of $97.01. The forward P/E of 72.5 reflects a market pricing in a significant earnings recovery that has not yet materialized in the trailing numbers. When a stock trades at nearly double its composite fair value estimate, the Value subscore is going to suffer, and a deterioration there alone is enough to pull the composite down sharply.
The Growth subscore of 28 reflects a mixed picture. Year-over-year revenue grew 4.7%, but year-over-year earnings declined 6.1%. Positive top-line momentum alongside a contracting bottom line is a difficult combination for a growth score to absorb. It signals that revenue gains are not yet converting into earnings power.
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Quality at 31 is the strongest of the three subscores, though the underlying metrics are still negative. ROE is -7.4%, net margin is -5.3%, and FCF yield is -0.2%. The data does label earnings quality as strong, which provides some floor to the Quality subscore, but negative returns on equity and thin or negative margins limit how high that subscore can climb.
What it means
A composite score of 26 places $ICHR in territory where the ACCE framework is flagging meaningful risk across multiple dimensions simultaneously. This is not a single-factor story. Value, Growth, and Quality are all scoring in the lower third of the range.
The 1-year return of +463.7% tells you why the stock is here. That kind of run compresses value scores almost automatically, because price appreciation outpaces fundamental improvement. The analyst consensus target of $81.71 is itself already below the current price of $97.01, and the 6-model fair value of $51.14 sits well below that.
Score moves of 18 points typically reflect a combination of factors converging at once rather than a single data point shifting. In $ICHR's case, the most likely drivers are the widening gap between price and fair value, the earnings decline weighing on growth signals, and profitability metrics that remain in negative territory despite the stock's strong run.
For the current price and full score detail, see acceinvestments.com/stocks/ICHR.
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