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

Axcelis Technologies, Inc. and AXT Inc are both Semiconductor Equipment & Materials companies. Axcelis Technologies, Inc. is the larger, with a market value of $2.8B against $2.4B — 1.2× the size. Axcelis Technologies, Inc. trades at the lower P/E: 26.6× against 70.3×. AXT Inc grew revenue faster over the last twelve months: 89.1% against 4.35%. AXT Inc has the higher net margin (18.5% vs 11.8%) and the lower return on invested capital (4.55% vs 8.43%). Across the 21 metrics below, Axcelis Technologies, Inc. leads on 17 and AXT Inc on 4.

Valuation

Metric ACLS AXTI Semiconductor Equipment & Materials median
P/E 26.59 70.34 33.70
P/S 3.13 14.08 4.22
P/B 2.50 2.57 2.94
Price to free cash flow 46.45 n/m 31.49
EV/EBITDA 22.71 142.42 22.64
EV/Sales 2.66 11.27 4.97
Earnings yield 3.76% 1.42% 2.02%
Free cash flow yield 2.15% (0.81%) 2.27%

Profitability

Metric ACLS AXTI Semiconductor Equipment & Materials median
Gross margin 42.81% 44.02% 46.86%
Operating margin 10.31% 19.55% 12.02%
Net margin 11.75% 18.53% 10.16%
Free cash flow margin 6.73% 0.00% 6.73%
Return on equity 9.80% 5.58% 5.31%
Return on assets 7.39% 4.08% 4.10%
Return on invested capital 8.43% 4.55% 6.36%

Growth

Metric ACLS AXTI Semiconductor Equipment & Materials median
Revenue growth (TTM) 4.35% 89.14% 15.82%
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 0.08 0.09
Current ratio 4.43 3.80 3.56
Net debt to EBITDA (2.51) 5.10 (0.49)

Dividend

Metric ACLS AXTI Semiconductor Equipment & Materials median
Dividend yield — — 0.59%
Payout ratio — — 0.16

Size

Metric ACLS AXTI Semiconductor Equipment & Materials median
Market cap 2.78b 2.41b 3.04b

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