Camtek Ltd. (CAMT) vs IPG Photonics Corporation (IPGP)

Camtek Ltd. and IPG Photonics Corporation are both Semiconductor Equipment & Materials companies. Camtek Ltd. is the larger, with a market value of $4.3B against $2.6B — 1.6× the size. IPG Photonics Corporation trades at the lower P/E: 65.0× against 122×. IPG Photonics Corporation grew revenue faster over the last twelve months: 14.8% against 11.8%. Camtek Ltd. has the higher net margin (7.03% vs 3.65%) and the higher return on invested capital (13.0% vs 1.06%). Across the 22 metrics below, Camtek Ltd. leads on 11 and IPG Photonics Corporation on 11.

Valuation

Metric CAMT IPGP Semiconductor Equipment & Materials median
P/E 121.83 64.97 33.70
P/S 8.57 2.39 4.22
P/B 6.08 1.23 2.94
Price to free cash flow 18.65 70.44 31.49
EV/EBITDA 33.92 23.54 22.64
EV/Sales 8.29 1.58 4.97
Earnings yield 0.82% 1.54% 2.02%
Free cash flow yield 5.36% 1.42% 2.27%

Profitability

Metric CAMT IPGP Semiconductor Equipment & Materials median
Gross margin 50.23% 38.71% 46.86%
Operating margin 23.46% 1.89% 12.02%
Net margin 7.03% 3.65% 10.16%
Free cash flow margin 0.00% 3.39% 6.73%
Return on equity 5.31% 1.90% 5.31%
Return on assets 3.07% 1.66% 4.10%
Return on invested capital 13.01% 1.06% 6.36%

Growth

Metric CAMT IPGP Semiconductor Equipment & Materials median
Revenue growth (TTM) 11.83% 14.78% 15.82%
EPS growth (last fiscal year) (57.02%) 117.85% (4.56%)
Revenue growth, 5-year CAGR 26.06% (3.52%) 10.11%
Net income growth, 5-year CAGR 18.42% (27.90%) 0.00%

Health

Metric CAMT IPGP Semiconductor Equipment & Materials median
Debt to equity 0.69 0.00 0.09
Current ratio 7.38 5.99 3.56
Net debt to EBITDA (1.06) (12.73) (0.49)

Dividend

Metric CAMT IPGP Semiconductor Equipment & Materials median
Dividend yield 0.00% — 0.59%
Payout ratio 0.00 — 0.16

Size

Metric CAMT IPGP Semiconductor Equipment & Materials median
Market cap 4.29b 2.64b 3.04b

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