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 $7.7B against $4.3B — 1.8× the size. Onto Innovation Inc. trades at the lower P/E: 58.7× against 122×. 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 121.83 58.67 33.70
P/S 8.57 6.96 4.22
P/B 6.08 4.06 2.94
Price to free cash flow 18.65 30.89 31.49
EV/EBITDA 33.92 34.20 22.64
EV/Sales 8.29 6.60 4.97
Earnings yield 0.82% 1.70% 2.02%
Free cash flow yield 5.36% 3.24% 2.27%

Profitability

Metric CAMT ONTO Semiconductor Equipment & Materials median
Gross margin 50.23% 50.36% 46.86%
Operating margin 23.46% 12.02% 12.02%
Net margin 7.03% 11.84% 10.16%
Free cash flow margin 0.00% 22.54% 6.73%
Return on equity 5.31% 6.82% 5.31%
Return on assets 3.07% 4.54% 4.10%
Return on invested capital 13.01% 5.56% 6.36%

Growth

Metric CAMT ONTO Semiconductor Equipment & Materials median
Revenue growth (TTM) 11.83% 8.08% 15.82%
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 3.56
Net debt to EBITDA (1.06) (3.39) (0.49)

Dividend

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

Size

Metric CAMT ONTO Semiconductor Equipment & Materials median
Market cap 4.29b 7.66b 3.04b

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