AXCELIS TECHNOLOGIES INC (ACLS) Stock Fundamental Analysis
USA - NASDAQ:ACLS - US0545402085 - Common Stock
82.14 USD
-2.31 (-2.74%)
82.88 USD
+0.74 (+0.9%)
Taking everything into account, ACLS scores 6 out of 10 in our fundamental rating. ACLS was compared to 112 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 correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year ACLS was profitable.
ACLS had a positive operating cash flow in the past year.
Each year in the past 5 years ACLS has been profitable.
In the past 5 years ACLS always reported a positive cash flow from operatings.
1.2 Ratios
ACLS has a better Return On Assets (11.97%) than 83.93% of its industry peers.
ACLS has a better Return On Equity (15.50%) than 79.46% of its industry peers.
ACLS's Return On Invested Capital of 12.23% is amongst the best of the industry. ACLS outperforms 83.93% of its industry peers.
The Average Return On Invested Capital over the past 3 years for ACLS is significantly above the industry average of 11.04%.
The last Return On Invested Capital (12.23%) for ACLS is well below the 3 year average (21.34%), which needs to be investigated, but indicates that ACLS had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.97% | ||
| ROE | 15.5% | ||
| ROIC | 12.23% |
ROA(3y)17.39%
ROA(5y)14.66%
ROE(3y)25.25%
ROE(5y)20.89%
ROIC(3y)21.34%
ROIC(5y)18.4%
1.3 Margins
ACLS has a Profit Margin of 17.69%. This is amongst the best in the industry. ACLS outperforms 80.36% of its industry peers.
ACLS's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 17.81%, ACLS is in the better half of the industry, outperforming 75.89% of the companies in the same industry.
In the last couple of years the Operating Margin of ACLS has grown nicely.
ACLS has a Gross Margin (44.90%) which is in line with its industry peers.
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 | 17.81% | ||
| PM (TTM) | 17.69% | ||
| GM | 44.9% |
OM growth 3Y2.52%
OM growth 5Y24.03%
PM growth 3Y9.84%
PM growth 5Y31.85%
GM growth 3Y1.09%
GM growth 5Y1.22%
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.
ACLS has less shares outstanding than it did 1 year ago.
The number of shares outstanding for ACLS has been reduced compared to 5 years ago.
ACLS has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 7.61 indicates that ACLS is not in any danger for bankruptcy at the moment.
With a decent Altman-Z score value of 7.61, ACLS is doing good in the industry, outperforming 66.07% of the companies in the same industry.
The Debt to FCF ratio of ACLS is 0.35, which is an excellent value as it means it would take ACLS, only 0.35 years of fcf income to pay off all of its debts.
With an excellent Debt to FCF ratio value of 0.35, ACLS belongs to the best of the industry, outperforming 82.14% of the companies in the same industry.
ACLS has a Debt/Equity ratio of 0.04. This is a healthy value indicating a solid balance between debt and equity.
ACLS's Debt to Equity ratio of 0.04 is fine compared to the rest of the industry. ACLS outperforms 61.61% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.04 | ||
| Debt/FCF | 0.35 | ||
| Altman-Z | 7.61 |
ROIC/WACC1.03
WACC11.91%
2.3 Liquidity
A Current Ratio of 6.01 indicates that ACLS has no problem at all paying its short term obligations.
ACLS has a Current ratio of 6.01. This is amongst the best in the industry. ACLS outperforms 82.14% of its industry peers.
ACLS has a Quick Ratio of 4.26. This indicates that ACLS is financially healthy and has no problem in meeting its short term obligations.
With a decent Quick ratio value of 4.26, ACLS is doing good in the industry, outperforming 75.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 6.01 | ||
| Quick Ratio | 4.26 |
3. Growth
3.1 Past
ACLS shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -27.22%.
Measured over the past years, ACLS shows a very strong growth in Earnings Per Share. The EPS has been growing by 64.54% on average per year.
ACLS shows a decrease in Revenue. In the last year, the revenue decreased by -9.97%.
ACLS shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 24.30% yearly.
EPS 1Y (TTM)-27.22%
EPS 3Y28.48%
EPS 5Y64.54%
EPS Q2Q%-18.79%
Revenue 1Y (TTM)-9.97%
Revenue growth 3Y15.4%
Revenue growth 5Y24.3%
Sales Q2Q%-16.74%
3.2 Future
The Earnings Per Share is expected to decrease by -6.87% on average over the next years.
The Revenue is expected to decrease by -4.79% on average over the next years.
EPS Next Y-31.47%
EPS Next 2Y-16.58%
EPS Next 3Y-6.87%
EPS Next 5YN/A
Revenue Next Year-22.15%
Revenue Next 2Y-9.36%
Revenue Next 3Y-4.79%
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 16.70, the valuation of ACLS can be described as correct.
ACLS's Price/Earnings ratio is rather cheap when compared to the industry. ACLS is cheaper than 91.96% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 26.13. ACLS is valued slightly cheaper when compared to this.
ACLS is valuated rather expensively with a Price/Forward Earnings ratio of 19.19.
Based on the Price/Forward Earnings ratio, ACLS is valued cheaper than 81.25% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.35, ACLS is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.7 | ||
| Fwd PE | 19.19 |
4.2 Price Multiples
ACLS's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. ACLS is cheaper than 91.96% of the companies in the same industry.
ACLS's Price/Free Cash Flow ratio is rather cheap when compared to the industry. ACLS is cheaper than 84.82% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 20.73 | ||
| EV/EBITDA | 9.83 |
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 -6.87% in the coming years.
PEG (NY)N/A
PEG (5Y)0.26
EPS Next 2Y-16.58%
EPS Next 3Y-6.87%
5. Dividend
5.1 Amount
ACLS does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
82.14
-2.31 (-2.74%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners105.9%
Inst Owner Change-0.17%
Ins Owners0.96%
Ins Owner Change9.53%
Market Cap2.55B
Revenue(TTM)1.02B
Net Income(TTM)158.49M
Analysts72.86
Price Target107.03 (30.3%)
Short Float %14.68%
Short Ratio7.49
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)107.85%
Min EPS beat(2)51.76%
Max EPS beat(2)163.95%
EPS beat(4)4
Avg EPS beat(4)59.67%
Min EPS beat(4)2.16%
Max EPS beat(4)163.95%
EPS beat(8)8
Avg EPS beat(8)36.38%
EPS beat(12)12
Avg EPS beat(12)29.49%
EPS beat(16)16
Avg EPS beat(16)28.03%
Revenue beat(2)2
Avg Revenue beat(2)2.57%
Min Revenue beat(2)2.12%
Max Revenue beat(2)3.02%
Revenue beat(4)3
Avg Revenue beat(4)1.2%
Min Revenue beat(4)-1.37%
Max Revenue beat(4)3.02%
Revenue beat(8)7
Avg Revenue beat(8)1.46%
Revenue beat(12)11
Avg Revenue beat(12)2.07%
Revenue beat(16)15
Avg Revenue beat(16)2.39%
PT rev (1m)7.82%
PT rev (3m)20.45%
EPS NQ rev (1m)0%
EPS NQ rev (3m)35.67%
EPS NY rev (1m)0%
EPS NY rev (3m)25.47%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)7.09%
Revenue NY rev (1m)0%
Revenue NY rev (3m)4.4%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.7 | ||
| Fwd PE | 19.19 | ||
| P/S | 2.84 | ||
| P/FCF | 20.73 | ||
| P/OCF | 18.41 | ||
| P/B | 2.49 | ||
| P/tB | 2.49 | ||
| EV/EBITDA | 9.83 |
EPS(TTM)4.92
EY5.99%
EPS(NY)4.28
Fwd EY5.21%
FCF(TTM)3.96
FCFY4.82%
OCF(TTM)4.46
OCFY5.43%
SpS28.91
BVpS32.98
TBVpS32.98
PEG (NY)N/A
PEG (5Y)0.26
Graham Number60.42
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.97% | ||
| ROE | 15.5% | ||
| ROCE | 13.92% | ||
| ROIC | 12.23% | ||
| ROICexc | 23.5% | ||
| ROICexgc | 23.5% | ||
| OM | 17.81% | ||
| PM (TTM) | 17.69% | ||
| GM | 44.9% | ||
| FCFM | 13.71% |
ROA(3y)17.39%
ROA(5y)14.66%
ROE(3y)25.25%
ROE(5y)20.89%
ROIC(3y)21.34%
ROIC(5y)18.4%
ROICexc(3y)45.35%
ROICexc(5y)37.49%
ROICexgc(3y)45.35%
ROICexgc(5y)37.49%
ROCE(3y)24.29%
ROCE(5y)20.95%
ROICexgc growth 3Y-3.61%
ROICexgc growth 5Y39%
ROICexc growth 3Y-3.61%
ROICexc growth 5Y39%
OM growth 3Y2.52%
OM growth 5Y24.03%
PM growth 3Y9.84%
PM growth 5Y31.85%
GM growth 3Y1.09%
GM growth 5Y1.22%
F-Score6
Asset Turnover0.68
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.04 | ||
| Debt/FCF | 0.35 | ||
| Debt/EBITDA | 0.24 | ||
| Cap/Depr | 91.25% | ||
| Cap/Sales | 1.73% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 78.35% | ||
| Profit Quality | 77.5% | ||
| Current Ratio | 6.01 | ||
| Quick Ratio | 4.26 | ||
| Altman-Z | 7.61 |
F-Score6
WACC11.91%
ROIC/WACC1.03
Cap/Depr(3y)109.12%
Cap/Depr(5y)96.53%
Cap/Sales(3y)1.4%
Cap/Sales(5y)1.41%
Profit Quality(3y)77.07%
Profit Quality(5y)99.84%
High Growth Momentum
Growth
EPS 1Y (TTM)-27.22%
EPS 3Y28.48%
EPS 5Y64.54%
EPS Q2Q%-18.79%
EPS Next Y-31.47%
EPS Next 2Y-16.58%
EPS Next 3Y-6.87%
EPS Next 5YN/A
Revenue 1Y (TTM)-9.97%
Revenue growth 3Y15.4%
Revenue growth 5Y24.3%
Sales Q2Q%-16.74%
Revenue Next Year-22.15%
Revenue Next 2Y-9.36%
Revenue Next 3Y-4.79%
Revenue Next 5YN/A
EBIT growth 1Y-38.8%
EBIT growth 3Y18.31%
EBIT growth 5Y54.17%
EBIT Next Year-33.17%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-49.07%
FCF growth 3Y-3.13%
FCF growth 5YN/A
OCF growth 1Y-45.47%
OCF growth 3Y-2.13%
OCF growth 5YN/A
AXCELIS TECHNOLOGIES INC / ACLS FAQ
Can you provide the ChartMill fundamental rating for AXCELIS TECHNOLOGIES INC?
ChartMill assigns a fundamental rating of 6 / 10 to ACLS.
What is the valuation status for ACLS stock?
ChartMill assigns a valuation rating of 6 / 10 to AXCELIS TECHNOLOGIES INC (ACLS). This can be considered as Fairly Valued.
What is the profitability of ACLS stock?
AXCELIS TECHNOLOGIES INC (ACLS) has a profitability rating of 8 / 10.
Can you provide the PE and PB ratios for ACLS stock?
The Price/Earnings (PE) ratio for AXCELIS TECHNOLOGIES INC (ACLS) is 16.7 and the Price/Book (PB) ratio is 2.49.
Can you provide the financial health for ACLS stock?
The financial health rating of AXCELIS TECHNOLOGIES INC (ACLS) is 9 / 10.