Axcelis Technologies, Inc. (ACLS) vs Nova Ltd. (NVMI)

Axcelis Technologies, Inc. and Nova Ltd. are both Semiconductor Equipment & Materials companies. Nova Ltd. is the larger, with a market value of $8.9B against $2.8B — 3.2× the size. Axcelis Technologies, Inc. trades at the lower P/E: 29.2× against 35.9×. Nova Ltd. grew revenue faster over the last twelve months: 16.2% against 4.35%. Nova Ltd. has the higher net margin (28.8% vs 11.8%) and the higher return on invested capital (14.4% vs 8.43%). Across the 22 metrics below, Axcelis Technologies, Inc. leads on 12 and Nova Ltd. on 10.

Valuation

Metric ACLS NVMI Semiconductor Equipment & Materials median
P/E 29.18 35.94 35.94
P/S 3.43 10.58 4.44
P/B 2.75 7.53 3.09
Price to free cash flow 51.01 52.28 33.07
EV/EBITDA 25.34 35.35 23.48
EV/Sales 2.96 11.06 5.23
Earnings yield 3.43% 2.78% 2.34%
Free cash flow yield 1.96% 1.91% 2.18%

Profitability

Metric ACLS NVMI Semiconductor Equipment & Materials median
Gross margin 42.81% 57.12% 46.86%
Operating margin 10.31% 28.97% 12.02%
Net margin 11.75% 28.84% 10.20%
Free cash flow margin 6.73% 20.24% 6.73%
Return on equity 9.80% 0.00% 5.32%
Return on assets 7.39% 13.44% 4.10%
Return on invested capital 8.43% 14.41% 6.36%

Growth

Metric ACLS NVMI Semiconductor Equipment & Materials median
Revenue growth (TTM) 4.35% 16.16% 16.16%
EPS growth (last fiscal year) (38.21%) 38.43% (4.56%)
Revenue growth, 5-year CAGR 12.07% 26.73% 10.11%
Net income growth, 5-year CAGR 19.19% 40.17% 0.00%

Health

Metric ACLS NVMI Semiconductor Equipment & Materials median
Debt to equity 0.04 0.50 0.09
Current ratio 4.43 1.55 3.44
Net debt to EBITDA (2.51) (1.16) (0.49)

Dividend

Metric ACLS NVMI Semiconductor Equipment & Materials median
Dividend yield — — 0.55%
Payout ratio — — 0.16

Size

Metric ACLS NVMI Semiconductor Equipment & Materials median
Market cap 2.78b 8.92b 2.69b

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack