Camtek Ltd. (CAMT) vs Qnity Electronics, Inc. (Q)

Camtek Ltd. and Qnity Electronics, Inc. are both Semiconductor Equipment & Materials companies. Qnity Electronics, Inc. is the larger, with a market value of $25.6B against $6.8B — 3.8× the size. Qnity Electronics, Inc. trades at the lower P/E: 44.5× against 193×. Qnity Electronics, Inc. has the higher net margin (11.3% vs 7.03%) and the lower return on invested capital (6.10% vs 13.0%). Across the 19 metrics below, Qnity Electronics, Inc. leads on 12 and Camtek Ltd. on 7.

Valuation

Metric CAMT Q Semiconductor Equipment & Materials median
P/E 193.49 44.54 54.39
P/S 13.60 5.01 6.08
P/B 9.66 3.46 4.89
Price to free cash flow 23.73 31.44 60.92
EV/EBITDA 54.51 20.55 39.95
EV/Sales 13.32 5.60 6.36
Earnings yield 0.52% 2.25% 1.14%
Free cash flow yield 4.21% 3.18% 1.28%

Profitability

Metric CAMT Q Semiconductor Equipment & Materials median
Gross margin 50.23% 46.22% 43.95%
Operating margin 23.46% 19.87% 10.32%
Net margin 7.03% 11.25% 7.45%
Free cash flow margin 0.00% 15.95% 6.77%
Return on equity 5.31% 6.36% 4.78%
Return on assets 3.07% 8.18% 3.62%
Return on invested capital 13.01% 6.10% 6.10%

Growth

Metric CAMT Q Semiconductor Equipment & Materials median
Revenue growth (TTM) 11.83% — 14.60%
EPS growth (last fiscal year) (57.02%) (4.56%) —
Revenue growth, 5-year CAGR 26.06% — 8.85%
Net income growth, 5-year CAGR 18.42% — 0.00%

Health

Metric CAMT Q Semiconductor Equipment & Materials median
Debt to equity 0.69 0.53 0.09
Current ratio 7.38 2.01 3.66
Net debt to EBITDA (1.06) 2.31 (0.49)

Dividend

Metric CAMT Q Semiconductor Equipment & Materials median
Dividend yield — — 0.85%
Payout ratio 0.00 — 0.00

Size

Metric CAMT Q Semiconductor Equipment & Materials median
Market cap 6.77b 25.60b 4.63b

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