Axcelis Technologies, Inc. (ACLS) vs Camtek Ltd. (CAMT)

Axcelis Technologies, Inc. and Camtek Ltd. are both Semiconductor Equipment & Materials companies. Camtek Ltd. is the larger, with a market value of $6.8B against $3.6B — 1.9× the size. Axcelis Technologies, Inc. trades at the lower P/E: 41.0× against 193×. Camtek Ltd. grew revenue faster over the last twelve months: 11.8% against −3.35%. Axcelis Technologies, Inc. has the higher net margin (10.7% vs 7.03%) and the lower return on invested capital (7.94% vs 13.0%). Across the 22 metrics below, Axcelis Technologies, Inc. leads on 14 and Camtek Ltd. on 8.

Valuation

Metric ACLS CAMT Semiconductor Equipment & Materials median
P/E 41.04 193.49 54.39
P/S 4.38 13.60 6.08
P/B 3.56 9.66 4.89
Price to free cash flow 57.85 23.73 60.92
EV/EBITDA 33.07 54.51 39.95
EV/Sales 3.98 13.32 6.36
Earnings yield 2.44% 0.52% 1.14%
Free cash flow yield 1.73% 4.21% 1.28%

Profitability

Metric ACLS CAMT Semiconductor Equipment & Materials median
Gross margin 43.01% 50.23% 43.95%
Operating margin 10.32% 23.46% 10.32%
Net margin 10.71% 7.03% 7.45%
Free cash flow margin 7.57% 0.00% 6.77%
Return on equity 8.89% 5.31% 4.78%
Return on assets 6.85% 3.07% 3.62%
Return on invested capital 7.94% 13.01% 6.10%

Growth

Metric ACLS CAMT Semiconductor Equipment & Materials median
Revenue growth (TTM) (3.35%) 11.83% 14.60%
EPS growth (last fiscal year) (38.21%) (57.02%) —
Revenue growth, 5-year CAGR 12.07% 26.06% 8.85%
Net income growth, 5-year CAGR 19.19% 18.42% 0.00%

Health

Metric ACLS CAMT Semiconductor Equipment & Materials median
Debt to equity 0.04 0.69 0.09
Current ratio 4.90 7.38 3.66
Net debt to EBITDA (2.51) (1.06) (0.49)

Dividend

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

Size

Metric ACLS CAMT Semiconductor Equipment & Materials median
Market cap 3.59b 6.77b 4.63b

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