AXCELIS TECHNOLOGIES INC (ACLS) Stock Fundamental Analysis
NASDAQ:ACLS - Nasdaq - US0545402085 - Common Stock - Currency: USD
Taking everything into account, ACLS scores 7 out of 10 in our fundamental rating. ACLS was compared to 110 industry peers in the Semiconductors & Semiconductor Equipment industry. ACLS scores excellent points on both the profitability and health parts. This is a solid base for a good stock. ACLS has a correct valuation and a medium growth rate. With these ratings, ACLS could be worth investigating further for quality investing!.
1. Profitability
1.1 Basic Checks
In the past year ACLS was profitable.
ACLS had a positive operating cash flow in the past year.
In the past 5 years ACLS has always been profitable.
In the past 5 years ACLS always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of ACLS (13.35%) is better than 83.64% of its industry peers.
Looking at the Return On Equity, with a value of 17.43%, ACLS belongs to the top of the industry, outperforming 80.91% of the companies in the same industry.
The Return On Invested Capital of ACLS (14.18%) is better than 86.36% of its industry peers.
ACLS had an Average Return On Invested Capital over the past 3 years of 21.38%. This is significantly above the industry average of 10.58%.
The last Return On Invested Capital (14.18%) for ACLS is well below the 3 year average (21.38%), which needs to be investigated, but indicates that ACLS had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.35% | ||
| ROE | 17.43% | ||
| ROIC | 14.18% |
ROA(3y)17.38%
ROA(5y)14.65%
ROE(3y)25.24%
ROE(5y)20.88%
ROIC(3y)21.38%
ROIC(5y)18.43%
1.3 Margins
The Profit Margin of ACLS (18.68%) is better than 79.09% of its industry peers.
In the last couple of years the Profit Margin of ACLS has grown nicely.
ACLS has a Operating Margin of 19.21%. This is in the better half of the industry: ACLS outperforms 76.36% of its industry peers.
ACLS's Operating Margin has improved in the last couple of years.
ACLS's Gross Margin of 44.61% is in line compared to the rest of the industry. ACLS outperforms 48.18% of 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 | 19.21% | ||
| PM (TTM) | 18.68% | ||
| GM | 44.61% |
OM growth 3Y2.56%
OM growth 5Y24.06%
PM growth 3Y9.84%
PM growth 5Y31.85%
GM growth 3Y1.09%
GM growth 5Y1.22%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so ACLS is creating value.
Compared to 1 year ago, ACLS has less shares outstanding
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 6.99 indicates that ACLS is not in any danger for bankruptcy at the moment.
With a decent Altman-Z score value of 6.99, ACLS is doing good in the industry, outperforming 69.09% of the companies in the same industry.
ACLS has a debt to FCF ratio of 0.35. This is a very positive value and a sign of high solvency as it would only need 0.35 years to pay back of all of its debts.
With an excellent Debt to FCF ratio value of 0.35, ACLS belongs to the best of the industry, outperforming 80.91% 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.
The Debt to Equity ratio of ACLS (0.04) is better than 60.91% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.04 | ||
| Debt/FCF | 0.35 | ||
| Altman-Z | 6.99 |
ROIC/WACC1.39
WACC10.18%
2.3 Liquidity
A Current Ratio of 5.57 indicates that ACLS has no problem at all paying its short term obligations.
The Current ratio of ACLS (5.57) is better than 82.73% of its industry peers.
ACLS has a Quick Ratio of 4.09. This indicates that ACLS is financially healthy and has no problem in meeting its short term obligations.
ACLS has a better Quick ratio (4.09) than 74.55% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 5.57 | ||
| Quick Ratio | 4.09 |
3. Growth
3.1 Past
ACLS shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -25.76%.
ACLS shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 64.54% yearly.
Looking at the last year, ACLS shows a very negative growth in Revenue. The Revenue has decreased by -15.14% in the last year.
ACLS shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 24.30% yearly.
EPS 1Y (TTM)-25.76%
EPS 3Y28.48%
EPS 5Y64.54%
EPS Q2Q%-33.76%
Revenue 1Y (TTM)-15.14%
Revenue growth 3Y15.4%
Revenue growth 5Y24.3%
Sales Q2Q%-23.7%
3.2 Future
Based on estimates for the next years, ACLS will show a very strong growth in Earnings Per Share. The EPS will grow by 24.02% on average per year.
The Revenue is expected to decrease by -10.41% on average over the next years. This is quite bad
EPS Next Y-45.38%
EPS Next 2Y-22.39%
EPS Next 3Y24.02%
EPS Next 5YN/A
Revenue Next Year-25.43%
Revenue Next 2Y-10.41%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past 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
The Price/Earnings ratio is 13.00, which indicates a correct valuation of ACLS.
93.64% 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 27.45, ACLS is valued rather cheaply.
The Price/Forward Earnings ratio is 19.72, which indicates a rather expensive current valuation of ACLS.
Based on the Price/Forward Earnings ratio, ACLS is valued a bit cheaper than 71.82% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 21.90. ACLS is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13 | ||
| Fwd PE | 19.72 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ACLS indicates a rather cheap valuation: ACLS is cheaper than 94.55% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, ACLS is valued cheaply inside the industry as 86.36% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18.98 | ||
| EV/EBITDA | 6.98 |
4.3 Compensation for Growth
ACLS has an outstanding profitability rating, which may justify a higher PE ratio.
ACLS's earnings are expected to grow with 24.02% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)0.2
EPS Next 2Y-22.39%
EPS Next 3Y24.02%
5. Dividend
5.1 Amount
No dividends for ACLS!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
73.04
+0.09 (+0.12%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners104.06%
Inst Owner Change1.35%
Ins Owners0.95%
Ins Owner Change8.46%
Market Cap2.35B
Analysts72.86
Price Target88.86 (21.66%)
Short Float %16.77%
Short Ratio8.44
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)92.39%
Min EPS beat(2)20.83%
Max EPS beat(2)163.95%
EPS beat(4)4
Avg EPS beat(4)49.55%
Min EPS beat(4)2.16%
Max EPS beat(4)163.95%
EPS beat(8)8
Avg EPS beat(8)32.98%
EPS beat(12)12
Avg EPS beat(12)27.59%
EPS beat(16)16
Avg EPS beat(16)26.09%
Revenue beat(2)2
Avg Revenue beat(2)1.57%
Min Revenue beat(2)1.02%
Max Revenue beat(2)2.12%
Revenue beat(4)3
Avg Revenue beat(4)0.56%
Min Revenue beat(4)-1.37%
Max Revenue beat(4)2.12%
Revenue beat(8)7
Avg Revenue beat(8)1.66%
Revenue beat(12)11
Avg Revenue beat(12)1.99%
Revenue beat(16)15
Avg Revenue beat(16)2.52%
PT rev (1m)4.06%
PT rev (3m)-5.84%
EPS NQ rev (1m)0%
EPS NQ rev (3m)47.47%
EPS NY rev (1m)-0.32%
EPS NY rev (3m)41.7%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.07%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-3.78%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13 | ||
| Fwd PE | 19.72 | ||
| P/S | 2.45 | ||
| P/FCF | 18.98 | ||
| P/OCF | 16.88 | ||
| P/B | 2.28 | ||
| P/tB | 2.28 | ||
| EV/EBITDA | 6.98 |
EPS(TTM)5.62
EY7.69%
EPS(NY)3.7
Fwd EY5.07%
FCF(TTM)3.85
FCFY5.27%
OCF(TTM)4.33
OCFY5.92%
SpS29.82
BVpS32
TBVpS32
PEG (NY)N/A
PEG (5Y)0.2
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.35% | ||
| ROE | 17.43% | ||
| ROCE | 16.13% | ||
| ROIC | 14.18% | ||
| ROICexc | 29.22% | ||
| ROICexgc | 29.22% | ||
| OM | 19.21% | ||
| PM (TTM) | 18.68% | ||
| GM | 44.61% | ||
| FCFM | 12.91% |
ROA(3y)17.38%
ROA(5y)14.65%
ROE(3y)25.24%
ROE(5y)20.88%
ROIC(3y)21.38%
ROIC(5y)18.43%
ROICexc(3y)45.43%
ROICexc(5y)37.56%
ROICexgc(3y)45.43%
ROICexgc(5y)37.56%
ROCE(3y)24.31%
ROCE(5y)20.95%
ROICexcg growth 3Y-3.57%
ROICexcg growth 5Y39.04%
ROICexc growth 3Y-3.57%
ROICexc growth 5Y39.04%
OM growth 3Y2.56%
OM growth 5Y24.06%
PM growth 3Y9.84%
PM growth 5Y31.85%
GM growth 3Y1.09%
GM growth 5Y1.22%
F-Score6
Asset Turnover0.71
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.04 | ||
| Debt/FCF | 0.35 | ||
| Debt/EBITDA | 0.21 | ||
| Cap/Depr | 92.8% | ||
| Cap/Sales | 1.6% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 69.32% | ||
| Profit Quality | 69.08% | ||
| Current Ratio | 5.57 | ||
| Quick Ratio | 4.09 | ||
| Altman-Z | 6.99 |
F-Score6
WACC10.18%
ROIC/WACC1.39
Cap/Depr(3y)109.59%
Cap/Depr(5y)96.82%
Cap/Sales(3y)1.4%
Cap/Sales(5y)1.41%
Profit Quality(3y)77.12%
Profit Quality(5y)99.87%
High Growth Momentum
Growth
EPS 1Y (TTM)-25.76%
EPS 3Y28.48%
EPS 5Y64.54%
EPS Q2Q%-33.76%
EPS Next Y-45.38%
EPS Next 2Y-22.39%
EPS Next 3Y24.02%
EPS Next 5YN/A
Revenue 1Y (TTM)-15.14%
Revenue growth 3Y15.4%
Revenue growth 5Y24.3%
Sales Q2Q%-23.7%
Revenue Next Year-25.43%
Revenue Next 2Y-10.41%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-32.22%
EBIT growth 3Y18.35%
EBIT growth 5Y54.2%
EBIT Next Year-45.91%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-41.94%
FCF growth 3Y-3.04%
FCF growth 5YN/A
OCF growth 1Y-38.06%
OCF growth 3Y-2.08%
OCF growth 5YN/A