Axcelis Technologies
Market Cap
US$1.3b
Last Updated
2021/01/20 00:10 UTC
Data Sources
Company Financials +
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
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet with solid track record.
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: ACLS is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: ACLS's weekly volatility (7%) has been stable over the past year.
Market Performance
7 Day Return
23.3%
ACLS
2.2%
US Semiconductor
0.3%
US Market
1 Year Return
55.6%
ACLS
55.5%
US Semiconductor
21.1%
US Market
Return vs Industry: ACLS exceeded the US Semiconductor industry which returned 51.3% over the past year.
Return vs Market: ACLS exceeded the US Market which returned 19.5% over the past year.
Shareholder returns
| ACLS | Industry | Market | |
|---|---|---|---|
| 7 Day | 23.3% | 2.2% | 0.3% |
| 30 Day | 31.4% | 10.0% | 3.3% |
| 90 Day | 69.2% | 23.4% | 14.2% |
| 1 Year | 55.6%55.6% | 58.2%55.5% | 23.8%21.1% |
| 3 Year | 38.8%38.8% | 106.5%95.6% | 45.0%35.4% |
| 5 Year | 280.8%280.8% | 368.2%322.6% | 127.7%102.3% |
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
1 week ago | Simply Wall St
Is It Time To Consider Buying Axcelis Technologies, Inc. (NASDAQ:ACLS)?3 weeks ago | Simply Wall St
Is Axcelis Technologies, Inc. (NASDAQ:ACLS) Popular Amongst Institutions?1 month ago | Simply Wall St
Have Insiders Been Selling Axcelis Technologies, Inc. (NASDAQ:ACLS) Shares This Year?Valuation
Is Axcelis Technologies undervalued compared to its fair value and its price relative to the market?
31.6%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ACLS ($38.99) is trading below our estimate of fair value ($57.02)
Significantly Below Fair Value: ACLS is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ACLS is good value based on its PE Ratio (28.6x) compared to the US Semiconductor industry average (45.7x).
PE vs Market: ACLS is poor value based on its PE Ratio (28.6x) compared to the US market (21x).
Price to Earnings Growth Ratio
PEG Ratio: ACLS is poor value based on its PEG Ratio (1.1x)
Price to Book Ratio
PB vs Industry: ACLS is good value based on its PB Ratio (2.8x) compared to the US Semiconductor industry average (4.4x).
Next Steps
Future Growth
How is Axcelis Technologies forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
25.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ACLS's forecast earnings growth (25.4% per year) is above the savings rate (2%).
Earnings vs Market: ACLS's earnings (25.4% per year) are forecast to grow faster than the US market (21.6% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: ACLS's revenue (9.5% per year) is forecast to grow slower than the US market (10.3% per year).
High Growth Revenue: ACLS's revenue (9.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ACLS's Return on Equity is forecast to be low in 3 years time (11.2%).
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: ACLS has high quality earnings.
Growing Profit Margin: ACLS's current net profit margins (9.8%) are higher than last year (4.6%).
Past Earnings Growth Analysis
Earnings Trend: ACLS's earnings have grown by 12% per year over the past 5 years.
Accelerating Growth: ACLS's earnings growth over the past year (185%) exceeds its 5-year average (12% per year).
Earnings vs Industry: ACLS earnings growth over the past year (185%) exceeded the Semiconductor industry 20.8%.
Return on Equity
High ROE: ACLS'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: ACLS's short term assets ($435.8M) exceed its short term liabilities ($69.4M).
Long Term Liabilities: ACLS's short term assets ($435.8M) exceed its long term liabilities ($60.6M).
Debt to Equity History and Analysis
Debt Level: ACLS is debt free.
Reducing Debt: ACLS had no debt 5 years ago.
Debt Coverage: ACLS has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: ACLS 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 ACLS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate ACLS'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 ACLS's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if ACLS'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 ACLS's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
7.8yrs
Average management tenure
CEO
Mary Puma (62 yo)
19yrs
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 below average for companies of similar size in the US market ($USD3.88M).
Compensation vs Earnings: Mary's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 19yrs | US$2.16m | 0.70% $ 9.2m | |
| Executive VP & CFO | 7.58yrs | US$983.32k | 0.11% $ 1.5m | |
| Executive Vice President of Product Development | no data | US$779.15k | 0.066% $ 860.1k | |
| Executive Vice President of Global Customer Operations | 7.92yrs | US$831.53k | 0.11% $ 1.4m | |
| Executive Vice President of Engineering | 4.25yrs | US$779.15k | 0.045% $ 591.1k | |
| Executive VP of HR and Legal | 19.75yrs | US$922.89k | 0.093% $ 1.2m | |
| Executive Vice President of Corporate Marketing & Strategy | 7.17yrs | no data | 0.17% $ 2.3m |
7.8yrs
Average Tenure
61yo
Average Age
Experienced Management: ACLS's management team is seasoned and experienced (7.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 19yrs | US$2.16m | 0.70% $ 9.2m | |
| Independent Director | 5.67yrs | US$184.38k | 0.10% $ 1.3m | |
| Independent Director | 5.67yrs | US$166.88k | 0.057% $ 743.1k | |
| Independent Director | 9.42yrs | US$176.88k | 0.099% $ 1.3m | |
| Independent Chairman of the board | 2.67yrs | US$189.38k | 0.11% $ 1.4m | |
| Independent Director | 18yrs | US$181.88k | 0.0040% $ 52.8k | |
| Independent Director | 2.67yrs | US$166.88k | 0.040% $ 517.7k | |
| Independent Director | 6.67yrs | US$174.38k | 0.14% $ 1.9m | |
| Independent Director | 1.42yrs | US$246.03k | 0.019% $ 247.4k |
5.7yrs
Average Tenure
64yo
Average Age
Experienced Board: ACLS's board of directors are considered experienced (5.7 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: ACLS 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: ACLS
- Exchange: NasdaqGS
- Founded: 1978
- Industry: Semiconductor Equipment
- Sector: Semiconductors
- Market Cap: US$1.306b
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ACLS | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Jul 2000 |
| XXA1 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jul 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/20 00:10 |
| End of Day Share Price | 2021/01/19 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.