Axcelis Technologies, Inc. (ACLS) vs AXT Inc (AXTI)

Axcelis Technologies, Inc. and AXT Inc are both Semiconductor Equipment & Materials companies. AXT Inc is the larger, with a market value of $5.1B against $3.6B — 1.4× the size. Axcelis Technologies, Inc. trades at the lower P/E: 41.0× against 2,631×. AXT Inc grew revenue faster over the last twelve months: 45.8% against −3.35%. Axcelis Technologies, Inc. has the higher net margin (10.7% vs 3.23%) and the higher return on invested capital (7.94% vs 0.44%). Across the 21 metrics below, Axcelis Technologies, Inc. leads on 20 and AXT Inc on 1.

Valuation

Metric ACLS AXTI Semiconductor Equipment & Materials median
P/E 41.04 2,631.33 54.39
P/S 4.38 38.51 6.08
P/B 3.56 5.32 4.89
Price to free cash flow 57.85 n/m 60.92
EV/EBITDA 33.07 330.45 39.95
EV/Sales 3.98 35.61 6.36
Earnings yield 2.44% 0.04% 1.14%
Free cash flow yield 1.73% (0.40%) 1.28%

Profitability

Metric ACLS AXTI Semiconductor Equipment & Materials median
Gross margin 43.01% 32.18% 43.95%
Operating margin 10.32% 3.09% 10.32%
Net margin 10.71% 3.23% 7.45%
Free cash flow margin 7.57% (15.59%) 6.77%
Return on equity 8.89% 0.73% 4.78%
Return on assets 6.85% 0.57% 3.62%
Return on invested capital 7.94% 0.44% 6.10%

Growth

Metric ACLS AXTI Semiconductor Equipment & Materials median
Revenue growth (TTM) (3.35%) 45.81% 14.60%
EPS growth (last fiscal year) (38.21%) (81.48%) —
Revenue growth, 5-year CAGR 12.07% (1.52%) 8.85%
Net income growth, 5-year CAGR 19.19% 0.00% 0.00%

Health

Metric ACLS AXTI Semiconductor Equipment & Materials median
Debt to equity 0.04 0.09 0.09
Current ratio 4.90 4.77 3.66
Net debt to EBITDA (2.51) 5.10 (0.49)

Dividend

Metric ACLS AXTI Semiconductor Equipment & Materials median
Dividend yield — — 0.85%
Payout ratio 0.00 0.00 0.00

Size

Metric ACLS AXTI Semiconductor Equipment & Materials median
Market cap 3.59b 5.14b 4.63b

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