Camtek Ltd. (CAMT) vs Onto Innovation Inc. (ONTO)

Camtek Ltd. and Onto Innovation Inc. are both Semiconductor Equipment & Materials companies. Onto Innovation Inc. is the larger, with a market value of $11.4B against $6.1B — 1.9× the size. Onto Innovation Inc. trades at the lower P/E: 82.0× against 170×. Camtek Ltd. grew revenue faster over the last twelve months: 11.8% against 8.08%. Onto Innovation Inc. has the higher net margin (11.8% vs 7.03%) and the lower return on invested capital (5.56% vs 13.0%). Across the 22 metrics below, Onto Innovation Inc. leads on 14 and Camtek Ltd. on 8.

Valuation

Metric CAMT ONTO Semiconductor Equipment & Materials median
P/E 170.36 82.04 45.03
P/S 11.98 9.74 4.64
P/B 8.50 5.67 3.22
Price to free cash flow 26.08 43.19 48.18
EV/EBITDA 47.87 48.58 33.11
EV/Sales 11.70 9.37 5.52
Earnings yield 0.59% 1.22% 1.41%
Free cash flow yield 3.84% 2.32% 1.67%

Profitability

Metric CAMT ONTO Semiconductor Equipment & Materials median
Gross margin 50.23% 50.36% 43.95%
Operating margin 23.46% 12.02% 10.32%
Net margin 7.03% 11.84% 7.45%
Free cash flow margin 0.00% 22.54% 6.77%
Return on equity 5.31% 6.82% 4.78%
Return on assets 3.07% 4.54% 3.62%
Return on invested capital 13.01% 5.56% 6.10%

Growth

Metric CAMT ONTO Semiconductor Equipment & Materials median
Revenue growth (TTM) 11.83% 8.08% 14.60%
EPS growth (last fiscal year) (57.02%) (31.53%) (4.56%)
Revenue growth, 5-year CAGR 26.06% 12.55% 10.11%
Net income growth, 5-year CAGR 18.42% 34.54% 0.00%

Health

Metric CAMT ONTO Semiconductor Equipment & Materials median
Debt to equity 0.69 0.77 0.09
Current ratio 7.38 9.73 3.66
Net debt to EBITDA (1.06) (3.39) (0.49)

Dividend

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

Size

Metric CAMT ONTO Semiconductor Equipment & Materials median
Market cap 6.13b 11.38b 3.80b

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack