DB:XXA1

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Axcelis Technologies

Executive Summary

Axcelis Technologies, Inc. designs, manufactures, and services ion implantation and other processing equipment used in the fabrication of semiconductor chips in the United States, Europe, and Asia. More Details


Snowflake Analysis

Very undervalued with flawless balance sheet.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: XXA1 is not significantly more volatile than the rest of German stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: XXA1's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

2.8%

XXA1

6.8%

DE Semiconductor

1.4%

DE Market


1 Year Return

13.8%

XXA1

40.3%

DE Semiconductor

0.9%

DE Market

Return vs Industry: XXA1 underperformed the German Semiconductor industry which returned 37.5% over the past year.

Return vs Market: XXA1 exceeded the German Market which returned 0.6% over the past year.


Shareholder returns

XXA1IndustryMarket
7 Day2.8%6.8%1.4%
30 Day18.1%14.5%8.7%
90 Day11.0%22.8%2.3%
1 Year13.8%13.8%42.1%40.3%4.1%0.9%
3 Year-18.0%-18.0%26.6%21.5%3.9%-5.1%
5 Year121.0%121.0%112.7%100.8%24.8%7.1%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

46.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: XXA1 (€22.2) is trading below our estimate of fair value (€41.29)

Significantly Below Fair Value: XXA1 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: XXA1 is good value based on its PE Ratio (19.7x) compared to the DE Semiconductor industry average (59.6x).

PE vs Market: XXA1 is good value based on its PE Ratio (19.7x) compared to the German market (23.2x).


Price to Earnings Growth Ratio

PEG Ratio: XXA1 is good value based on its PEG Ratio (0.8x)


Price to Book Ratio

PB vs Industry: XXA1 is good value based on its PB Ratio (2x) compared to the DE Semiconductor industry average (2.7x).


Next Steps

Future Growth

How is Axcelis Technologies forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

25.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: XXA1's forecast earnings growth (25.1% per year) is above the savings rate (0.2%).

Earnings vs Market: XXA1's earnings (25.1% per year) are forecast to grow slower 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: XXA1's revenue (10.1% per year) is forecast to grow faster than the German market (5.8% per year).

High Growth Revenue: XXA1's revenue (10.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if XXA1's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Axcelis Technologies performed over the past 5 years?

12.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: XXA1 has high quality earnings.

Growing Profit Margin: XXA1's current net profit margins (9.8%) are higher than last year (4.6%).


Past Earnings Growth Analysis

Earnings Trend: XXA1's earnings have grown by 12% per year over the past 5 years.

Accelerating Growth: XXA1's earnings growth over the past year (185%) exceeds its 5-year average (12% per year).

Earnings vs Industry: XXA1 earnings growth over the past year (185%) exceeded the Semiconductor industry -58.1%.


Return on Equity

High ROE: XXA1's Return on Equity (9.8%) is considered low.


Next Steps

Financial Health

How is Axcelis Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: XXA1's short term assets ($435.8M) exceed its short term liabilities ($69.4M).

Long Term Liabilities: XXA1's short term assets ($435.8M) exceed its long term liabilities ($60.6M).


Debt to Equity History and Analysis

Debt Level: XXA1 is debt free.

Reducing Debt: XXA1 had no debt 5 years ago.

Debt Coverage: XXA1 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: XXA1 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Axcelis Technologies's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate XXA1's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate XXA1'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 XXA1's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if XXA1's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of XXA1'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?

7.6yrs

Average management tenure


CEO

Mary Puma (62 yo)

18.83yrs

Tenure

US$2,160,741

Compensation

Ms. Mary G. Puma serves as the Chief Executive Officer and President at Axcelis Technologies Inc. From May 2000 to January 2002, Ms. Puma served as Axcelis Technologies Inc.'s President and Chief Operating...


CEO Compensation Analysis

Compensation vs Market: Mary's total compensation ($USD2.16M) is above average for companies of similar size in the German market ($USD1.28M).

Compensation vs Earnings: Mary's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Mary Puma
CEO, President & Director18.83yrsUS$2.16m0.70%
$ 5.3m
Kevin Brewer
Executive VP & CFO7.42yrsUS$983.32k0.11%
$ 860.2k
William Bintz
Executive Vice President of Product Developmentno dataUS$779.15k0.066%
$ 498.8k
John Aldeborgh
Executive Vice President of Global Customer Operations7.75yrsUS$831.53k0.11%
$ 807.6k
Russell Low
Executive Vice President of Engineering4.08yrsUS$779.15k0.045%
$ 342.8k
Lynnette Fallon
Executive VP of HR and Legal19.58yrsUS$922.89k0.093%
$ 707.8k
Douglas Lawson
Executive Vice President of Corporate Marketing & Strategy7yrsno data0.17%
$ 1.3m

7.6yrs

Average Tenure

61yo

Average Age

Experienced Management: XXA1's management team is seasoned and experienced (7.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Mary Puma
CEO, President & Director18.83yrsUS$2.16m0.70%
$ 5.3m
John Kurtzweil
Independent Director5.5yrsUS$184.38k0.091%
$ 690.9k
Thomas Dennis
Independent Director5.5yrsUS$166.88k0.057%
$ 430.9k
Joseph Keithley
Independent Director9.25yrsUS$176.88k0.099%
$ 753.1k
Richard Faubert
Independent Chairman of the board2.5yrsUS$189.38k0.11%
$ 804.0k
R. Fletcher
Independent Director17.83yrsUS$181.88k0.0040%
$ 30.6k
Tzu-Yin Chiu
Independent Director2.5yrsUS$166.88k0.040%
$ 300.2k
Arthur George
Independent Director6.5yrsUS$174.38k0.14%
$ 1.1m
Jorge Titinger
Independent Director1.25yrsUS$246.03k0.019%
$ 143.4k

5.5yrs

Average Tenure

64yo

Average Age

Experienced Board: XXA1's board of directors are considered experienced (5.5 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: XXA1 insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.3%.


Top Shareholders

Company Information

Axcelis Technologies, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Axcelis Technologies, Inc.
  • Ticker: XXA1
  • Exchange: DB
  • Founded: 1978
  • Industry: Semiconductor Equipment
  • Sector: Semiconductors
  • Market Cap: US$901.712m
  • Listing Market Cap: US$757.348m
  • Shares outstanding: 33.50m
  • Website: https://www.axcelis.com

Number of Employees


Location

  • Axcelis Technologies, Inc.
  • 108 Cherry Hill Drive
  • Beverly
  • Massachusetts
  • 01915-1053
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ACLSNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDJul 2000
XXA1DB (Deutsche Boerse AG)YesCommon StockDEEURJul 2000

Biography

Axcelis Technologies, Inc. designs, manufactures, and services ion implantation and other processing equipment used in the fabrication of semiconductor chips in the United States, Europe, and Asia. The com...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/26 19:49
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.