AXT Inc (AXTI) vs Camtek Ltd. (CAMT)

AXT Inc and Camtek Ltd. are both Semiconductor Equipment & Materials companies. Camtek Ltd. is the larger, with a market value of $6.1B against $3.8B — 1.6× the size. Camtek Ltd. trades at the lower P/E: 170× against 1,716×. AXT Inc grew revenue faster over the last twelve months: 45.8% against 11.8%. Camtek Ltd. has the higher net margin (7.03% vs 3.23%) and the higher return on invested capital (13.0% vs 0.44%). Across the 21 metrics below, Camtek Ltd. leads on 18 and AXT Inc on 3.

Valuation

Metric AXTI CAMT Semiconductor Equipment & Materials median
P/E 1,715.67 170.36 45.03
P/S 25.11 11.98 4.64
P/B 3.47 8.50 3.22
Price to free cash flow n/m 26.08 48.18
EV/EBITDA 205.99 47.87 33.11
EV/Sales 22.20 11.70 5.52
Earnings yield 0.06% 0.59% 1.41%
Free cash flow yield (0.62%) 3.84% 1.67%

Profitability

Metric AXTI CAMT Semiconductor Equipment & Materials median
Gross margin 32.18% 50.23% 43.95%
Operating margin 3.09% 23.46% 10.32%
Net margin 3.23% 7.03% 7.45%
Free cash flow margin (15.59%) 0.00% 6.77%
Return on equity 0.73% 5.31% 4.78%
Return on assets 0.57% 3.07% 3.62%
Return on invested capital 0.44% 13.01% 6.10%

Growth

Metric AXTI CAMT Semiconductor Equipment & Materials median
Revenue growth (TTM) 45.81% 11.83% 14.60%
EPS growth (last fiscal year) (81.48%) (57.02%) (4.56%)
Revenue growth, 5-year CAGR (1.52%) 26.06% 10.11%
Net income growth, 5-year CAGR 0.00% 18.42% 0.00%

Health

Metric AXTI CAMT Semiconductor Equipment & Materials median
Debt to equity 0.09 0.69 0.09
Current ratio 4.77 7.38 3.66
Net debt to EBITDA 5.10 (1.06) (0.49)

Dividend

Metric AXTI CAMT Semiconductor Equipment & Materials median
Dividend yield — 0.00% 0.42%
Payout ratio — 0.00 0.19

Size

Metric AXTI CAMT Semiconductor Equipment & Materials median
Market cap 3.80b 6.13b 3.80b

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