AXCELIS TECHNOLOGIES INC (ACLS) Stock Fundamental Analysis
NASDAQ:ACLS - Nasdaq - US0545402085 - Common Stock
Overall ACLS gets a fundamental rating of 6 out of 10. We evaluated ACLS against 109 industry peers in the Semiconductors & Semiconductor Equipment industry. ACLS gets an excellent profitability rating and is at the same time showing great financial health properties. ACLS is valued quite cheap, but it does not seem to be growing. This makes ACLS very considerable for value investing!
1. Profitability
1.1 Basic Checks
ACLS had positive earnings in the past year.
In the past year ACLS had a positive cash flow from operations.
Each year in the past 5 years ACLS has been profitable.
Of the past 5 years ACLS 4 years had a positive operating cash flow.
1.2 Ratios
The Return On Assets of ACLS (16.60%) is better than 88.89% of its industry peers.
The Return On Equity of ACLS (22.76%) is better than 87.04% of its industry peers.
ACLS's Return On Invested Capital of 19.26% is amongst the best of the industry. ACLS outperforms 91.67% of its industry peers.
ACLS had an Average Return On Invested Capital over the past 3 years of 22.37%. This is significantly above the industry average of 11.96%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 16.6% | ||
| ROE | 22.76% | ||
| ROIC | 19.26% |
ROA(3y)16.79%
ROA(5y)12.3%
ROE(3y)24.74%
ROE(5y)17.73%
ROIC(3y)22.37%
ROIC(5y)16.23%
1.3 Margins
Looking at the Profit Margin, with a value of 20.65%, ACLS is in the better half of the industry, outperforming 79.63% of the companies in the same industry.
In the last couple of years the Profit Margin of ACLS has grown nicely.
The Operating Margin of ACLS (21.87%) is better than 79.63% of its industry peers.
In the last couple of years the Operating Margin of ACLS has grown nicely.
Looking at the Gross Margin, with a value of 44.28%, ACLS is in line with its industry, outperforming 47.22% of the companies in the same industry.
In the last couple of years the Gross Margin of ACLS has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 21.87% | ||
| PM (TTM) | 20.65% | ||
| GM | 44.28% |
OM growth 3Y24.37%
OM growth 5Y11.64%
PM growth 3Y27.39%
PM growth 5Y16%
GM growth 3Y1.27%
GM growth 5Y1.38%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), ACLS is creating some value.
The number of shares outstanding for ACLS has been reduced compared to 1 year ago.
ACLS has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, ACLS has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 6.47 indicates that ACLS is not in any danger for bankruptcy at the moment.
ACLS has a Altman-Z score of 6.47. This is in the better half of the industry: ACLS outperforms 64.81% of its industry peers.
The Debt to FCF ratio of ACLS is 0.25, which is an excellent value as it means it would take ACLS, only 0.25 years of fcf income to pay off all of its debts.
ACLS's Debt to FCF ratio of 0.25 is amongst the best of the industry. ACLS outperforms 84.26% of its industry peers.
A Debt/Equity ratio of 0.04 indicates that ACLS is not too dependend on debt financing.
With a Debt to Equity ratio value of 0.04, ACLS perfoms like the industry average, outperforming 57.41% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.04 | ||
| Debt/FCF | 0.25 | ||
| Altman-Z | 6.47 |
ROIC/WACC1.3
WACC14.81%
2.3 Liquidity
ACLS has a Current Ratio of 4.45. This indicates that ACLS is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 4.45, ACLS is in the better half of the industry, outperforming 69.44% of the companies in the same industry.
ACLS has a Quick Ratio of 3.29. This indicates that ACLS is financially healthy and has no problem in meeting its short term obligations.
With a decent Quick ratio value of 3.29, ACLS is doing good in the industry, outperforming 64.81% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.45 | ||
| Quick Ratio | 3.29 |
3. Growth
3.1 Past
ACLS shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -3.29%.
Measured over the past years, ACLS shows a very strong growth in Earnings Per Share. The EPS has been growing by 40.65% on average per year.
Looking at the last year, ACLS shows a decrease in Revenue. The Revenue has decreased by -0.98% in the last year.
The Revenue has been growing by 20.63% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-3.29%
EPS 3Y76.12%
EPS 5Y40.65%
EPS Q2Q%-25.13%
Revenue 1Y (TTM)-0.98%
Revenue growth 3Y33.56%
Revenue growth 5Y20.63%
Sales Q2Q%-12.23%
3.2 Future
Based on estimates for the next years, ACLS will show a decrease in Earnings Per Share. The EPS will decrease by -4.12% on average per year.
ACLS is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -0.85% yearly.
EPS Next Y-19.61%
EPS Next 2Y-17.8%
EPS Next 3Y-4.12%
EPS Next 5YN/A
Revenue Next Year-9.64%
Revenue Next 2Y-6.73%
Revenue Next 3Y-0.85%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 10.57, the valuation of ACLS can be described as reasonable.
95.37% of the companies in the same industry are more expensive than ACLS, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 28.29, ACLS is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 14.23, the valuation of ACLS can be described as correct.
ACLS's Price/Forward Earnings ratio is rather cheap when compared to the industry. ACLS is cheaper than 87.96% of the companies in the same industry.
ACLS's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 24.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.57 | ||
| Fwd PE | 14.23 |
4.2 Price Multiples
93.52% of the companies in the same industry are more expensive than ACLS, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of ACLS indicates a rather cheap valuation: ACLS is cheaper than 95.37% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.2 | ||
| EV/EBITDA | 5.32 |
4.3 Compensation for Growth
ACLS has an outstanding profitability rating, which may justify a higher PE ratio.
A cheap valuation may be justified as ACLS's earnings are expected to decrease with -4.12% in the coming years.
PEG (NY)N/A
PEG (5Y)0.26
EPS Next 2Y-17.8%
EPS Next 3Y-4.12%
5. Dividend
5.1 Amount
ACLS does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
AXCELIS TECHNOLOGIES INC
NASDAQ:ACLS (1/21/2025, 8:00:00 PM)
After market: 72.45 +1 (+1.4%)71.45
-0.16 (-0.22%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners98.34%
Inst Owner Change1.02%
Ins Owners0.56%
Ins Owner Change0.07%
Market Cap2.32B
Analysts77.14
Price Target120.48 (68.62%)
Short Float %13.83%
Short Ratio6.9
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)6.7%
Min EPS beat(2)2.16%
Max EPS beat(2)11.25%
EPS beat(4)4
Avg EPS beat(4)10.43%
Min EPS beat(4)2.16%
Max EPS beat(4)23.88%
EPS beat(8)8
Avg EPS beat(8)14.01%
EPS beat(12)12
Avg EPS beat(12)16.55%
EPS beat(16)16
Avg EPS beat(16)17.78%
Revenue beat(2)1
Avg Revenue beat(2)-0.45%
Min Revenue beat(2)-1.37%
Max Revenue beat(2)0.47%
Revenue beat(4)3
Avg Revenue beat(4)0.81%
Min Revenue beat(4)-1.37%
Max Revenue beat(4)2.11%
Revenue beat(8)7
Avg Revenue beat(8)2.32%
Revenue beat(12)11
Avg Revenue beat(12)2.51%
Revenue beat(16)15
Avg Revenue beat(16)2.59%
PT rev (1m)-2.32%
PT rev (3m)-20.33%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-43.02%
EPS NY rev (1m)0%
EPS NY rev (3m)-3.41%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-23.01%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.53%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.57 | ||
| Fwd PE | 14.23 | ||
| P/S | 2.16 | ||
| P/FCF | 13.2 | ||
| P/OCF | 12 | ||
| P/B | 2.38 | ||
| P/tB | 2.38 | ||
| EV/EBITDA | 5.32 |
EPS(TTM)6.76
EY9.46%
EPS(NY)5.02
Fwd EY7.03%
FCF(TTM)5.41
FCFY7.57%
OCF(TTM)5.96
OCFY8.33%
SpS33.09
BVpS30.01
TBVpS30.01
PEG (NY)N/A
PEG (5Y)0.26
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 16.6% | ||
| ROE | 22.76% | ||
| ROCE | 21.67% | ||
| ROIC | 19.26% | ||
| ROICexc | 41.29% | ||
| ROICexgc | 41.29% | ||
| OM | 21.87% | ||
| PM (TTM) | 20.65% | ||
| GM | 44.28% | ||
| FCFM | 16.35% |
ROA(3y)16.79%
ROA(5y)12.3%
ROE(3y)24.74%
ROE(5y)17.73%
ROIC(3y)22.37%
ROIC(5y)16.23%
ROICexc(3y)47.16%
ROICexc(5y)32.63%
ROICexgc(3y)47.16%
ROICexgc(5y)32.63%
ROCE(3y)25.17%
ROCE(5y)18.26%
ROICexcg growth 3Y46.5%
ROICexcg growth 5Y20.84%
ROICexc growth 3Y46.5%
ROICexc growth 5Y20.84%
OM growth 3Y24.37%
OM growth 5Y11.64%
PM growth 3Y27.39%
PM growth 5Y16%
GM growth 3Y1.27%
GM growth 5Y1.38%
F-Score6
Asset Turnover0.8
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.04 | ||
| Debt/FCF | 0.25 | ||
| Debt/EBITDA | 0.17 | ||
| Cap/Depr | 116.99% | ||
| Cap/Sales | 1.64% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 77.31% | ||
| Profit Quality | 79.21% | ||
| Current Ratio | 4.45 | ||
| Quick Ratio | 3.29 | ||
| Altman-Z | 6.47 |
F-Score6
WACC14.81%
ROIC/WACC1.3
Cap/Depr(3y)110.28%
Cap/Depr(5y)111.5%
Cap/Sales(3y)1.43%
Cap/Sales(5y)1.87%
Profit Quality(3y)103.53%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-3.29%
EPS 3Y76.12%
EPS 5Y40.65%
EPS Q2Q%-25.13%
EPS Next Y-19.61%
EPS Next 2Y-17.8%
EPS Next 3Y-4.12%
EPS Next 5YN/A
Revenue 1Y (TTM)-0.98%
Revenue growth 3Y33.56%
Revenue growth 5Y20.63%
Sales Q2Q%-12.23%
Revenue Next Year-9.64%
Revenue Next 2Y-6.73%
Revenue Next 3Y-0.85%
Revenue Next 5YN/A
EBIT growth 1Y-3.12%
EBIT growth 3Y66.1%
EBIT growth 5Y34.67%
EBIT Next Year-17.87%
EBIT Next 3Y17.55%
EBIT Next 5YN/A
FCF growth 1Y44.92%
FCF growth 3Y29.79%
FCF growth 5Y26.35%
OCF growth 1Y47.45%
OCF growth 3Y31.05%
OCF growth 5Y27.26%