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

Axcelis Technologies, Inc. and AXT Inc are both Semiconductor Equipment & Materials companies. Axcelis Technologies, Inc. and AXT Inc are of similar size ($3.8B and $3.6B). Axcelis Technologies, Inc. trades at the lower P/E: 36.1× against 1,716×. 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 36.12 1,715.67 45.03
P/S 3.85 25.11 4.64
P/B 3.13 3.47 3.22
Price to free cash flow 50.92 n/m 48.18
EV/EBITDA 28.71 205.99 33.11
EV/Sales 3.45 22.20 5.52
Earnings yield 2.77% 0.06% 1.41%
Free cash flow yield 1.96% (0.62%) 1.67%

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%) (4.56%)
Revenue growth, 5-year CAGR 12.07% (1.52%) 10.11%
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 — — 0.42%
Payout ratio — — 0.19

Size

Metric ACLS AXTI Semiconductor Equipment & Materials median
Market cap 3.55b 3.80b 3.80b

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