CAMTEK LTD (CAMT) Stock Fundamental Analysis
USA - NASDAQ:CAMT - IL0010952641 - Common Stock
110.05 USD
-4.05 (-3.55%)
108.5 USD
-1.55 (-1.41%)
CAMT gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 112 industry peers in the Semiconductors & Semiconductor Equipment industry. CAMT scores excellent on profitability, but there are some minor concerns on its financial health. CAMT is valued quite expensive, but it does show an excellent growth. These ratings could make CAMT a good candidate for growth investing.
1. Profitability
1.1 Basic Checks
In the past year CAMT was profitable.
CAMT had positive earnings in each of the past 5 years.
CAMT had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With an excellent Return On Assets value of 13.72%, CAMT belongs to the best of the industry, outperforming 85.71% of the companies in the same industry.
CAMT has a better Return On Equity (21.36%) than 86.61% of its industry peers.
CAMT has a Return On Invested Capital of 13.47%. This is amongst the best in the industry. CAMT outperforms 86.61% of its industry peers.
CAMT had an Average Return On Invested Capital over the past 3 years of 11.43%. This is in line with the industry average of 10.95%.
The last Return On Invested Capital (13.47%) for CAMT is above the 3 year average (11.43%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.72% | ||
| ROE | 21.36% | ||
| ROIC | 13.47% |
ROA(3y)11.71%
ROA(5y)10.6%
ROE(3y)19.67%
ROE(5y)17.82%
ROIC(3y)11.43%
ROIC(5y)11.2%
1.3 Margins
CAMT has a Profit Margin of 28.38%. This is amongst the best in the industry. CAMT outperforms 87.50% of its industry peers.
In the last couple of years the Profit Margin of CAMT has grown nicely.
The Operating Margin of CAMT (26.86%) is better than 86.61% of its industry peers.
CAMT's Operating Margin has improved in the last couple of years.
The Gross Margin of CAMT (50.46%) is better than 63.39% of its industry peers.
CAMT's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 26.86% | ||
| PM (TTM) | 28.38% | ||
| GM | 50.46% |
OM growth 3Y-0.13%
OM growth 5Y9.82%
PM growth 3Y7.46%
PM growth 5Y11.08%
GM growth 3Y-0.69%
GM growth 5Y0.63%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so CAMT is still creating some value.
Compared to 1 year ago, CAMT has more shares outstanding
CAMT has more shares outstanding than it did 5 years ago.
CAMT has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 11.19 indicates that CAMT is not in any danger for bankruptcy at the moment.
The Altman-Z score of CAMT (11.19) is better than 73.21% of its industry peers.
A Debt/Equity ratio of 0.32 indicates that CAMT is not too dependend on debt financing.
The Debt to Equity ratio of CAMT (0.32) is worse than 61.61% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.32 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 11.19 |
ROIC/WACC1.17
WACC11.5%
2.3 Liquidity
A Current Ratio of 5.41 indicates that CAMT has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 5.41, CAMT is in the better half of the industry, outperforming 76.79% of the companies in the same industry.
A Quick Ratio of 4.38 indicates that CAMT has no problem at all paying its short term obligations.
With a decent Quick ratio value of 4.38, CAMT is doing good in the industry, outperforming 75.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 5.41 | ||
| Quick Ratio | 4.38 |
3. Growth
3.1 Past
CAMT shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 30.80%, which is quite impressive.
The Earnings Per Share has been growing by 34.86% on average over the past years. This is a very strong growth
CAMT shows a strong growth in Revenue. In the last year, the Revenue has grown by 27.82%.
Measured over the past years, CAMT shows a very strong growth in Revenue. The Revenue has been growing by 26.20% on average per year.
EPS 1Y (TTM)30.8%
EPS 3Y20.9%
EPS 5Y34.86%
EPS Q2Q%19.7%
Revenue 1Y (TTM)27.82%
Revenue growth 3Y16.74%
Revenue growth 5Y26.2%
Sales Q2Q%20.2%
3.2 Future
CAMT is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 16.41% yearly.
CAMT is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 15.97% yearly.
EPS Next Y15.5%
EPS Next 2Y12.36%
EPS Next 3Y12.44%
EPS Next 5Y16.41%
Revenue Next Year15.52%
Revenue Next 2Y11.88%
Revenue Next 3Y11.79%
Revenue Next 5Y15.97%
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 35.50, CAMT can be considered very expensive at the moment.
Based on the Price/Earnings ratio, CAMT is valued a bit cheaper than 65.18% of the companies in the same industry.
CAMT is valuated rather expensively when we compare the Price/Earnings ratio to 27.02, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 31.02, the valuation of CAMT can be described as expensive.
The rest of the industry has a similar Price/Forward Earnings ratio as CAMT.
CAMT's Price/Forward Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 22.57.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 35.5 | ||
| Fwd PE | 31.02 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as CAMT.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 39.34 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates CAMT does not grow enough to justify the current Price/Earnings ratio.
The excellent profitability rating of CAMT may justify a higher PE ratio.
A more expensive valuation may be justified as CAMT's earnings are expected to grow with 12.44% in the coming years.
PEG (NY)2.29
PEG (5Y)1.02
EPS Next 2Y12.36%
EPS Next 3Y12.44%
5. Dividend
5.1 Amount
No dividends for CAMT!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
110.05
-4.05 (-3.55%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners52.66%
Inst Owner Change0%
Ins Owners0.14%
Ins Owner ChangeN/A
Market Cap5.03B
Analysts82.5
Price Target101.08 (-8.15%)
Short Float %15.9%
Short Ratio9.62
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly Dividend1.33
Dividend Growth(5Y)56.87%
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-0.87%
Min EPS beat(2)-2.25%
Max EPS beat(2)0.51%
EPS beat(4)3
Avg EPS beat(4)1.36%
Min EPS beat(4)-2.25%
Max EPS beat(4)6.06%
EPS beat(8)7
Avg EPS beat(8)2.75%
EPS beat(12)10
Avg EPS beat(12)2.39%
EPS beat(16)12
Avg EPS beat(16)2.23%
Revenue beat(2)0
Avg Revenue beat(2)-1.43%
Min Revenue beat(2)-2.27%
Max Revenue beat(2)-0.59%
Revenue beat(4)1
Avg Revenue beat(4)-0.4%
Min Revenue beat(4)-2.27%
Max Revenue beat(4)1.34%
Revenue beat(8)2
Avg Revenue beat(8)-0.3%
Revenue beat(12)2
Avg Revenue beat(12)-0.68%
Revenue beat(16)3
Avg Revenue beat(16)-0.74%
PT rev (1m)1.85%
PT rev (3m)16.44%
EPS NQ rev (1m)-0.17%
EPS NQ rev (3m)-0.72%
EPS NY rev (1m)-0.11%
EPS NY rev (3m)-0.76%
Revenue NQ rev (1m)-0.02%
Revenue NQ rev (3m)0.68%
Revenue NY rev (1m)0.01%
Revenue NY rev (3m)0.76%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 35.5 | ||
| Fwd PE | 31.02 | ||
| P/S | 10.67 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 8.02 | ||
| P/tB | 9.3 | ||
| EV/EBITDA | 39.34 |
EPS(TTM)3.1
EY2.82%
EPS(NY)3.55
Fwd EY3.22%
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS10.31
BVpS13.72
TBVpS11.84
PEG (NY)2.29
PEG (5Y)1.02
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.72% | ||
| ROE | 21.36% | ||
| ROCE | 14.98% | ||
| ROIC | 13.47% | ||
| ROICexc | 13.47% | ||
| ROICexgc | 14.99% | ||
| OM | 26.86% | ||
| PM (TTM) | 28.38% | ||
| GM | 50.46% | ||
| FCFM | N/A |
ROA(3y)11.71%
ROA(5y)10.6%
ROE(3y)19.67%
ROE(5y)17.82%
ROIC(3y)11.43%
ROIC(5y)11.2%
ROICexc(3y)23.25%
ROICexc(5y)34.93%
ROICexgc(3y)26.06%
ROICexgc(5y)36.79%
ROCE(3y)12.71%
ROCE(5y)12.46%
ROICexcg growth 3Y-39.43%
ROICexcg growth 5Y-18.22%
ROICexc growth 3Y-41.68%
ROICexc growth 5Y-20%
OM growth 3Y-0.13%
OM growth 5Y9.82%
PM growth 3Y7.46%
PM growth 5Y11.08%
GM growth 3Y-0.69%
GM growth 5Y0.63%
F-ScoreN/A
Asset Turnover0.48
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.32 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 1.44 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 5.41 | ||
| Quick Ratio | 4.38 | ||
| Altman-Z | 11.19 |
F-ScoreN/A
WACC11.5%
ROIC/WACC1.17
Cap/Depr(3y)145.49%
Cap/Depr(5y)140.52%
Cap/Sales(3y)2.51%
Cap/Sales(5y)2.15%
Profit Quality(3y)82.13%
Profit Quality(5y)89.36%
High Growth Momentum
Growth
EPS 1Y (TTM)30.8%
EPS 3Y20.9%
EPS 5Y34.86%
EPS Q2Q%19.7%
EPS Next Y15.5%
EPS Next 2Y12.36%
EPS Next 3Y12.44%
EPS Next 5Y16.41%
Revenue 1Y (TTM)27.82%
Revenue growth 3Y16.74%
Revenue growth 5Y26.2%
Sales Q2Q%20.2%
Revenue Next Year15.52%
Revenue Next 2Y11.88%
Revenue Next 3Y11.79%
Revenue Next 5Y15.97%
EBIT growth 1Y48.56%
EBIT growth 3Y16.58%
EBIT growth 5Y38.59%
EBIT Next Year22.48%
EBIT Next 3Y18.1%
EBIT Next 5Y19.53%
FCF growth 1Y57.63%
FCF growth 3Y25.41%
FCF growth 5Y36.93%
OCF growth 1Y53.8%
OCF growth 3Y26.02%
OCF growth 5Y37.72%