Amtech Systems, Inc. (ASYS) vs Veeco Instruments Inc. (VECO)

Amtech Systems, Inc. and Veeco Instruments Inc. are both Semiconductor Equipment & Materials companies. Veeco Instruments Inc. is the larger, with a market value of $2.8B against $269.6M — 10.4× the size. Amtech Systems, Inc. trades at the lower P/E: 59.0× against 131×. Amtech Systems, Inc. grew revenue faster over the last twelve months: −2.35% against −2.52%. Amtech Systems, Inc. has the higher net margin (4.90% vs 3.35%) and the higher return on invested capital (12.7% vs 1.64%). Across the 21 metrics below, Amtech Systems, Inc. leads on 17 and Veeco Instruments Inc. on 4.

Valuation

Metric ASYS VECO Semiconductor Equipment & Materials median
P/E 58.99 130.85 54.39
P/S 2.98 4.44 6.08
P/B 2.11 3.36 4.89
Price to free cash flow 27.66 35.61 60.92
EV/EBITDA 17.76 74.76 39.95
EV/Sales 1.97 4.18 6.36
Earnings yield 1.70% 0.76% 1.14%
Free cash flow yield 3.62% 2.81% 1.28%

Profitability

Metric ASYS VECO Semiconductor Equipment & Materials median
Gross margin 46.86% 37.92% 43.95%
Operating margin 8.10% 2.69% 10.32%
Net margin 4.90% 3.35% 7.45%
Free cash flow margin 10.79% 12.47% 6.77%
Return on equity 4.78% 2.60% 4.78%
Return on assets 3.25% 1.70% 3.62%
Return on invested capital 12.69% 1.64% 6.10%

Growth

Metric ASYS VECO Semiconductor Equipment & Materials median
Revenue growth (TTM) (2.35%) (2.52%) 14.60%
EPS growth (last fiscal year) (253.33%) (52.03%) —
Revenue growth, 5-year CAGR 3.93% 7.90% 8.85%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ASYS VECO Semiconductor Equipment & Materials median
Debt to equity 0.00 0.25 0.09
Current ratio 5.41 3.93 3.66
Net debt to EBITDA 3.27 (2.95) (0.49)

Dividend

Metric ASYS VECO Semiconductor Equipment & Materials median
Dividend yield — — 0.85%
Payout ratio 0.00 0.00 0.00

Size

Metric ASYS VECO Semiconductor Equipment & Materials median
Market cap 269.62m 2.81b 4.63b

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