CAMTEK LTD (CAMT) Stock Fundamental Analysis
NASDAQ:CAMT - Nasdaq - IL0010952641 - Common Stock - Currency: USD
We assign a fundamental rating of 6 out of 10 to CAMT. CAMT was compared to 110 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 expensively, but it does show have an excellent growth rating. With these ratings, CAMT could be worth investigating further for growth investing!.
1. Profitability
1.1 Basic Checks
CAMT had positive earnings in the past year.
Each year in the past 5 years CAMT has been profitable.
Each year in the past 5 years CAMT had a positive operating cash flow.
1.2 Ratios
CAMT has a Return On Assets of 13.67%. This is amongst the best in the industry. CAMT outperforms 84.55% of its industry peers.
With an excellent Return On Equity value of 21.72%, CAMT belongs to the best of the industry, outperforming 88.18% of the companies in the same industry.
CAMT's Return On Invested Capital of 13.44% is amongst the best of the industry. CAMT outperforms 84.55% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for CAMT is in line with the industry average of 10.57%.
The 3 year average ROIC (11.43%) for CAMT is below the current ROIC(13.44%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.67% | ||
| ROE | 21.72% | ||
| ROIC | 13.44% |
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's Profit Margin of 28.32% is amongst the best of the industry. CAMT outperforms 89.09% of its industry peers.
In the last couple of years the Profit Margin of CAMT has grown nicely.
With an excellent Operating Margin value of 26.72%, CAMT belongs to the best of the industry, outperforming 86.36% of the companies in the same industry.
CAMT's Operating Margin has improved in the last couple of years.
CAMT's Gross Margin of 50.34% is fine compared to the rest of the industry. CAMT outperforms 60.91% of its industry peers.
CAMT's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 26.72% | ||
| PM (TTM) | 28.32% | ||
| GM | 50.34% |
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
Compared to 5 years ago, CAMT has more shares outstanding
The debt/assets ratio for CAMT has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 8.16 indicates that CAMT is not in any danger for bankruptcy at the moment.
With a decent Altman-Z score value of 8.16, CAMT is doing good in the industry, outperforming 71.82% of the companies in the same industry.
CAMT has a Debt/Equity ratio of 0.34. This is a healthy value indicating a solid balance between debt and equity.
With a Debt to Equity ratio value of 0.34, CAMT is not doing good in the industry: 64.55% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.34 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 8.16 |
ROIC/WACC1.11
WACC12.12%
2.3 Liquidity
CAMT has a Current Ratio of 5.27. This indicates that CAMT is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 5.27, CAMT is in the better half of the industry, outperforming 80.00% of the companies in the same industry.
CAMT has a Quick Ratio of 4.26. This indicates that CAMT is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 4.26, CAMT is in the better half of the industry, outperforming 76.36% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 5.27 | ||
| Quick Ratio | 4.26 |
3. Growth
3.1 Past
CAMT shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 37.50%, 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 32.65%.
The Revenue has been growing by 26.20% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)37.5%
EPS 3Y20.9%
EPS 5Y34.86%
EPS Q2Q%25.4%
Revenue 1Y (TTM)32.65%
Revenue growth 3Y16.74%
Revenue growth 5Y26.2%
Sales Q2Q%22.29%
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 17.04% yearly.
Based on estimates for the next years, CAMT will show a quite strong growth in Revenue. The Revenue will grow by 16.16% on average per year.
EPS Next Y16.62%
EPS Next 2Y12.93%
EPS Next 3Y10.83%
EPS Next 5Y17.04%
Revenue Next Year14.64%
Revenue Next 2Y11.54%
Revenue Next 3Y10.45%
Revenue Next 5Y16.16%
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.
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
4. Valuation
4.1 Price/Earnings Ratio
CAMT is valuated rather expensively with a Price/Earnings ratio of 24.73.
Compared to the rest of the industry, the Price/Earnings ratio of CAMT indicates a somewhat cheap valuation: CAMT is cheaper than 68.18% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 26.60. CAMT is around the same levels.
The Price/Forward Earnings ratio is 20.49, which indicates a rather expensive current valuation of CAMT.
63.64% of the companies in the same industry are more expensive than CAMT, based on the Price/Forward Earnings ratio.
CAMT's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 22.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.73 | ||
| Fwd PE | 20.49 |
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 | 27.82 |
4.3 Compensation for Growth
CAMT's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
CAMT has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)1.49
PEG (5Y)0.71
EPS Next 2Y12.93%
EPS Next 3Y10.83%
5. Dividend
5.1 Amount
No dividends for CAMT!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
73.44
-2.44 (-3.22%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners50.42%
Inst Owner Change4.98%
Ins Owners0.12%
Ins Owner ChangeN/A
Market Cap3.35B
Analysts84
Price Target86.81 (18.21%)
Short Float %10.99%
Short Ratio7.82
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)2
Avg EPS beat(2)0.81%
Min EPS beat(2)0.51%
Max EPS beat(2)1.1%
EPS beat(4)4
Avg EPS beat(4)2.1%
Min EPS beat(4)0.51%
Max EPS beat(4)6.06%
EPS beat(8)8
Avg EPS beat(8)3.66%
EPS beat(12)11
Avg EPS beat(12)2.6%
EPS beat(16)13
Avg EPS beat(16)2.67%
Revenue beat(2)0
Avg Revenue beat(2)-1.17%
Min Revenue beat(2)-2.27%
Max Revenue beat(2)-0.07%
Revenue beat(4)1
Avg Revenue beat(4)-0.42%
Min Revenue beat(4)-2.27%
Max Revenue beat(4)1.34%
Revenue beat(8)2
Avg Revenue beat(8)-0.23%
Revenue beat(12)2
Avg Revenue beat(12)-0.78%
Revenue beat(16)4
Avg Revenue beat(16)-0.5%
PT rev (1m)-11.95%
PT rev (3m)-22.63%
EPS NQ rev (1m)1.18%
EPS NQ rev (3m)1.76%
EPS NY rev (1m)0.89%
EPS NY rev (3m)0.19%
Revenue NQ rev (1m)0.28%
Revenue NQ rev (3m)-0.1%
Revenue NY rev (1m)-1.3%
Revenue NY rev (3m)-1%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.73 | ||
| Fwd PE | 20.49 | ||
| P/S | 7.43 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 5.7 | ||
| P/tB | 6.67 | ||
| EV/EBITDA | 27.82 |
EPS(TTM)2.97
EY4.04%
EPS(NY)3.58
Fwd EY4.88%
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS9.89
BVpS12.89
TBVpS11.01
PEG (NY)1.49
PEG (5Y)0.71
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.67% | ||
| ROE | 21.72% | ||
| ROCE | 14.95% | ||
| ROIC | 13.44% | ||
| ROICexc | 13.44% | ||
| ROICexgc | 15.04% | ||
| OM | 26.72% | ||
| PM (TTM) | 28.32% | ||
| GM | 50.34% | ||
| 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 | 0.34 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 1.51 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 5.27 | ||
| Quick Ratio | 4.26 | ||
| Altman-Z | 8.16 |
F-ScoreN/A
WACC12.12%
ROIC/WACC1.11
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)37.5%
EPS 3Y20.9%
EPS 5Y34.86%
EPS Q2Q%25.4%
EPS Next Y16.62%
EPS Next 2Y12.93%
EPS Next 3Y10.83%
EPS Next 5Y17.04%
Revenue 1Y (TTM)32.65%
Revenue growth 3Y16.74%
Revenue growth 5Y26.2%
Sales Q2Q%22.29%
Revenue Next Year14.64%
Revenue Next 2Y11.54%
Revenue Next 3Y10.45%
Revenue Next 5Y16.16%
EBIT growth 1Y62.24%
EBIT growth 3Y16.58%
EBIT growth 5Y38.59%
EBIT Next Year23.41%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y57.63%
FCF growth 3Y25.41%
FCF growth 5Y36.93%
OCF growth 1Y53.8%
OCF growth 3Y26.02%
OCF growth 5Y37.72%