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 $6.8B against $5.1B — 1.3× the size. Camtek Ltd. trades at the lower P/E: 193× against 2,631×. 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 2,631.33 193.49 54.39
P/S 38.51 13.60 6.08
P/B 5.32 9.66 4.89
Price to free cash flow n/m 23.73 60.92
EV/EBITDA 330.45 54.51 39.95
EV/Sales 35.61 13.32 6.36
Earnings yield 0.04% 0.52% 1.14%
Free cash flow yield (0.40%) 4.21% 1.28%

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%) —
Revenue growth, 5-year CAGR (1.52%) 26.06% 8.85%
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 — — 0.85%
Payout ratio 0.00 0.00 0.00

Size

Metric AXTI CAMT Semiconductor Equipment & Materials median
Market cap 5.14b 6.77b 4.63b

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