AXT Inc (AXTI) vs IPG Photonics Corporation (IPGP)

AXT Inc and IPG Photonics Corporation are both Semiconductor Equipment & Materials companies. AXT Inc is the larger, with a market value of $3.8B against $3.1B — 1.2× the size. IPG Photonics Corporation trades at the lower P/E: 108× against 1,716×. AXT Inc grew revenue faster over the last twelve months: 45.8% against 13.0%. AXT Inc has the higher net margin (3.23% vs 2.58%) and the higher return on invested capital (0.44% vs 0.40%). Across the 21 metrics below, IPG Photonics Corporation leads on 15 and AXT Inc on 6.

Valuation

Metric AXTI IPGP Semiconductor Equipment & Materials median
P/E 1,715.67 107.59 45.03
P/S 25.11 2.82 4.64
P/B 3.47 1.42 3.22
Price to free cash flow n/m 136.07 48.18
EV/EBITDA 205.99 35.64 33.11
EV/Sales 22.20 2.03 5.52
Earnings yield 0.06% 0.93% 1.41%
Free cash flow yield (0.62%) 0.73% 1.67%

Profitability

Metric AXTI IPGP Semiconductor Equipment & Materials median
Gross margin 32.18% 38.35% 43.95%
Operating margin 3.09% 0.75% 10.32%
Net margin 3.23% 2.58% 7.45%
Free cash flow margin (15.59%) 2.07% 6.77%
Return on equity 0.73% 1.30% 4.78%
Return on assets 0.57% 1.15% 3.62%
Return on invested capital 0.44% 0.40% 6.10%

Growth

Metric AXTI IPGP Semiconductor Equipment & Materials median
Revenue growth (TTM) 45.81% 13.04% 14.60%
EPS growth (last fiscal year) (81.48%) 117.85% (4.56%)
Revenue growth, 5-year CAGR (1.52%) (3.52%) 10.11%
Net income growth, 5-year CAGR 0.00% (27.90%) 0.00%

Health

Metric AXTI IPGP Semiconductor Equipment & Materials median
Debt to equity 0.09 0.00 0.09
Current ratio 4.77 6.18 3.66
Net debt to EBITDA 5.10 (12.73) (0.49)

Dividend

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

Size

Metric AXTI IPGP Semiconductor Equipment & Materials median
Market cap 3.80b 3.14b 3.80b

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