Axcelis Technologies, Inc. (ACLS) vs IPG Photonics Corporation (IPGP)

Axcelis Technologies, Inc. and IPG Photonics Corporation are both Semiconductor Equipment & Materials companies. Axcelis Technologies, Inc. is the larger, with a market value of $3.6B against $3.1B — 1.1× the size. Axcelis Technologies, Inc. trades at the lower P/E: 36.1× against 108×. IPG Photonics Corporation grew revenue faster over the last twelve months: 13.0% against −3.35%. Axcelis Technologies, Inc. has the higher net margin (10.7% vs 2.58%) and the higher return on invested capital (7.94% vs 0.40%). Across the 22 metrics below, Axcelis Technologies, Inc. leads on 14 and IPG Photonics Corporation on 8.

Valuation

Metric ACLS IPGP Semiconductor Equipment & Materials median
P/E 36.12 107.59 45.03
P/S 3.85 2.82 4.64
P/B 3.13 1.42 3.22
Price to free cash flow 50.92 136.07 48.18
EV/EBITDA 28.71 35.64 33.11
EV/Sales 3.45 2.03 5.52
Earnings yield 2.77% 0.93% 1.41%
Free cash flow yield 1.96% 0.73% 1.67%

Profitability

Metric ACLS IPGP Semiconductor Equipment & Materials median
Gross margin 43.01% 38.35% 43.95%
Operating margin 10.32% 0.75% 10.32%
Net margin 10.71% 2.58% 7.45%
Free cash flow margin 7.57% 2.07% 6.77%
Return on equity 8.89% 1.30% 4.78%
Return on assets 6.85% 1.15% 3.62%
Return on invested capital 7.94% 0.40% 6.10%

Growth

Metric ACLS IPGP Semiconductor Equipment & Materials median
Revenue growth (TTM) (3.35%) 13.04% 14.60%
EPS growth (last fiscal year) (38.21%) 117.85% (4.56%)
Revenue growth, 5-year CAGR 12.07% (3.52%) 10.11%
Net income growth, 5-year CAGR 19.19% (27.90%) 0.00%

Health

Metric ACLS IPGP Semiconductor Equipment & Materials median
Debt to equity 0.04 0.00 0.09
Current ratio 4.90 6.18 3.66
Net debt to EBITDA (2.51) (12.73) (0.49)

Dividend

Metric ACLS IPGP Semiconductor Equipment & Materials median
Dividend yield — — 0.42%
Payout ratio — — 0.19

Size

Metric ACLS IPGP Semiconductor Equipment & Materials median
Market cap 3.55b 3.14b 3.80b

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