Amtech Systems, Inc. (ASYS) vs Photronics, Inc. (PLAB)

Amtech Systems, Inc. and Photronics, Inc. are both Semiconductor Equipment & Materials companies. Photronics, Inc. is the larger, with a market value of $1.5B against $194.1M — 7.7× the size. Photronics, Inc. trades at the lower P/E: 9.0× against 41.8×. Photronics, Inc. grew revenue faster over the last twelve months: 1.25% against −2.35%. Photronics, Inc. has the higher net margin (19.0% vs 4.90%) and the lower return on invested capital (11.3% vs 12.7%). Across the 22 metrics below, Photronics, Inc. leads on 18 and Amtech Systems, Inc. on 4.

Valuation

Metric ASYS PLAB Semiconductor Equipment & Materials median
P/E 41.83 9.04 33.70
P/S 2.12 1.73 4.22
P/B 1.49 0.86 2.94
Price to free cash flow 19.62 13.63 31.49
EV/EBITDA 9.93 3.03 22.64
EV/Sales 1.10 0.96 4.97
Earnings yield 2.39% 11.06% 2.02%
Free cash flow yield 5.10% 7.33% 2.27%

Profitability

Metric ASYS PLAB Semiconductor Equipment & Materials median
Gross margin 46.86% 33.65% 46.86%
Operating margin 8.10% 22.46% 12.02%
Net margin 4.90% 19.04% 10.16%
Free cash flow margin 10.79% 12.74% 6.73%
Return on equity 4.78% 10.06% 5.31%
Return on assets 3.25% 8.82% 4.10%
Return on invested capital 12.69% 11.32% 6.36%

Growth

Metric ASYS PLAB Semiconductor Equipment & Materials median
Revenue growth (TTM) (2.35%) 1.25% 15.82%
EPS growth (last fiscal year) (253.33%) 9.09% (4.56%)
Revenue growth, 5-year CAGR 3.93% 6.85% 10.11%
Net income growth, 5-year CAGR 0.00% 32.17% 0.00%

Health

Metric ASYS PLAB Semiconductor Equipment & Materials median
Debt to equity 0.00 0.00 0.09
Current ratio 5.41 4.94 3.56
Net debt to EBITDA 3.27 (2.06) (0.49)

Dividend

Metric ASYS PLAB Semiconductor Equipment & Materials median
Dividend yield — — 0.59%
Payout ratio — — 0.16

Size

Metric ASYS PLAB Semiconductor Equipment & Materials median
Market cap 194.08m 1.50b 3.04b

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