DB:AIXA

Stock Analysis Report

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Executive Summary

AIXTRON SE, together with its subsidiaries, provides deposition equipment to the semiconductor industry in Germany, the United States, Korea, China, and Taiwan. More Details


Snowflake Analysis

Flawless balance sheet with reasonable growth potential.


Similar Companies

Share Price & News

How has AIXTRON's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: AIXA is not significantly more volatile than the rest of German stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: AIXA's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

4.1%

AIXA

6.8%

DE Semiconductor

1.4%

DE Market


1 Year Return

31.5%

AIXA

40.3%

DE Semiconductor

0.9%

DE Market

Return vs Industry: AIXA underperformed the German Semiconductor industry which returned 37.5% over the past year.

Return vs Market: AIXA exceeded the German Market which returned 0.6% over the past year.


Shareholder returns

AIXAIndustryMarket
7 Day4.1%6.8%1.4%
30 Day-2.0%14.5%8.7%
90 Day14.7%22.8%2.3%
1 Year31.5%31.5%42.1%40.3%4.1%0.9%
3 Year-8.2%-8.2%26.6%21.5%3.9%-5.1%
5 Year57.8%57.8%112.7%100.8%24.8%7.1%

Long-Term Price Volatility Vs. Market

How volatile is AIXTRON's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is AIXTRON undervalued compared to its fair value and its price relative to the market?

55.57x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: AIXA (€11.25) is trading above our estimate of fair value (€10.65)

Significantly Below Fair Value: AIXA is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: AIXA is good value based on its PE Ratio (55.6x) compared to the DE Semiconductor industry average (59.6x).

PE vs Market: AIXA is poor value based on its PE Ratio (55.6x) compared to the German market (23.2x).


Price to Earnings Growth Ratio

PEG Ratio: AIXA is poor value based on its PEG Ratio (1.7x)


Price to Book Ratio

PB vs Industry: AIXA's PB Ratio (2.7x) is in line with the DE Semiconductor industry average.


Next Steps

Future Growth

How is AIXTRON forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

32.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AIXA's forecast earnings growth (32.9% per year) is above the savings rate (0.2%).

Earnings vs Market: AIXA's earnings (32.9% per year) are forecast to grow faster than the German market (27.3% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: AIXA's revenue (11.2% per year) is forecast to grow faster than the German market (5.8% per year).

High Growth Revenue: AIXA's revenue (11.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: AIXA's Return on Equity is forecast to be low in 3 years time (10.2%).


Next Steps

Past Performance

How has AIXTRON performed over the past 5 years?

56.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AIXA has a large one-off gain of €4.3M impacting its September 30 2020 financial results.

Growing Profit Margin: AIXA's current net profit margins (9.5%) are lower than last year (14.2%).


Past Earnings Growth Analysis

Earnings Trend: AIXA has become profitable over the past 5 years, growing earnings by 56.3% per year.

Accelerating Growth: AIXA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: AIXA had negative earnings growth (-42.1%) over the past year, making it difficult to compare to the Semiconductor industry average (-58.1%).


Return on Equity

High ROE: AIXA's Return on Equity (4.6%) is considered low.


Next Steps

Financial Health

How is AIXTRON's financial position?


Financial Position Analysis

Short Term Liabilities: AIXA's short term assets (€394.3M) exceed its short term liabilities (€100.8M).

Long Term Liabilities: AIXA's short term assets (€394.3M) exceed its long term liabilities (€4.8M).


Debt to Equity History and Analysis

Debt Level: AIXA is debt free.

Reducing Debt: AIXA has not had any debt for past 5 years.

Debt Coverage: AIXA has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: AIXA has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is AIXTRON current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate AIXA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate AIXA's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if AIXA's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if AIXA's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: AIXA is not paying a notable dividend for the German market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of AIXA's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.2yrs

Average board tenure


CEO

AIXTRON has no CEO, or we have no data on them.


Board Members

NamePositionTenureCompensationOwnership
Kim Schindelhauer
Independent Chairman of the Supervisory Board3.17yrs€180.00kno data
Frits van Hout
Independent Deputy Chairman of the Supervisory Board1.5yrs€60.00kno data
Petra Denk
Independent Member of Supervisory Board9.5yrs€60.00kno data
Andreas Biagosch
Independent Member of Supervisory Board7.5yrs€60.00kno data
Anna Gersbacher
Independent Member of the Supervisory Board1.5yrs€53.33kno data

3.2yrs

Average Tenure

60yo

Average Age

Experienced Board: AIXA's board of directors are considered experienced (3.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

AIXTRON SE's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: AIXTRON SE
  • Ticker: AIXA
  • Exchange: DB
  • Founded: 1983
  • Industry: Semiconductor Equipment
  • Sector: Semiconductors
  • Market Cap: €1.242b
  • Shares outstanding: 111.84m
  • Website: https://www.aixtron.com

Number of Employees


Location

  • AIXTRON SE
  • Dornkaulstrasse 2
  • Herzogenrath
  • North Rhine-Westphalia
  • 52134
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AIXADB (Deutsche Boerse AG)YesOrdinary SharesDEEURMay 1998
AIXAXTRA (XETRA Trading Platform)YesOrdinary SharesDEEURMay 1998
0NP9LSE (London Stock Exchange)YesOrdinary SharesGBEURMay 1998
AIXX.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDMay 1998
AIXADBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURMay 1998
AIXASWX (SIX Swiss Exchange)YesOrdinary SharesCHCHFMay 1998
AIXTWBAG (Wiener Boerse AG)YesOrdinary SharesATEURMay 1998
AIXAETLX (Eurotlx)YesOrdinary SharesITEURMay 1998
AIX2DB (Deutsche Boerse AG)UNSPON ADR EACH REP 2 ORD SHSDEEURAug 2017

Biography

AIXTRON SE, together with its subsidiaries, provides deposition equipment to the semiconductor industry in Germany, the United States, Korea, China, and Taiwan. The company develops, produces, sells, and m...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/26 19:32
End of Day Share Price2020/11/25 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.