| Snowflake Score | |
|---|---|
| Valuation | 6/6 |
| Future Growth | 2/6 |
| Past Performance | 6/6 |
| Financial Health | 6/6 |
| Dividends | 0/6 |
ACLS Stock Overview
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.
Rewards
Risk Analysis
No risks detected for ACLS from our risk checks.
Axcelis Technologies Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$47.95 |
| 52 Week High | US$83.74 |
| 52 Week Low | US$33.36 |
| Beta | 1.66 |
| 1 Month Change | -21.68% |
| 3 Month Change | -32.98% |
| 1 Year Change | 21.36% |
| 3 Year Change | 216.29% |
| 5 Year Change | 112.64% |
| Change since IPO | -49.92% |
Recent News & Updates
Here's Why We Think Axcelis Technologies (NASDAQ:ACLS) Is Well Worth Watching
It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...
Taking A (Small) Position In Axcelis Technologies
Since I wrote my latest piece on this name, the shares have flatlined. They've reported earnings since, and they're mostly very good. Because the growth is magnificent, I'm willing to overlook the growing valuation allowance and the fact that management seems to have overpaid for shares over the quarter. The shares are relatively cheap, especially on a price to free cash flow basis. I'm hesitant, but I'm taking a small position, and will add (or not) as events unfold.
Shareholder Returns
| ACLS | US Semiconductor | US Market | |
|---|---|---|---|
| 7D | -17.6% | -9.5% | -2.5% |
| 1Y | 21.4% | -24.2% | -21.2% |
Return vs Industry: ACLS exceeded the US Semiconductor industry which returned -20.9% over the past year.
Return vs Market: ACLS exceeded the US Market which returned -21.7% over the past year.
Price Volatility
| ACLS volatility | |
|---|---|
| ACLS Average Weekly Movement | 9.2% |
| Semiconductor Industry Average Movement | 8.5% |
| Market Average Movement | 8.1% |
| 10% most volatile stocks in US Market | 16.9% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: ACLS is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: ACLS's weekly volatility (9%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1978 | 1,122 | Mary Puma | https://www.axcelis.com |
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 company offers high energy, high current, and medium current implanters for various application requirements. It also provides aftermarket lifecycle products and services, including used tools, spare parts, equipment upgrades, maintenance services, and customer training.
Axcelis Technologies Fundamentals Summary
| ACLS fundamental statistics | |
|---|---|
| Market Cap | US$1.58b |
| Earnings (TTM) | US$123.78m |
| Revenue (TTM) | US$733.25m |
12.8x
P/E Ratio2.2x
P/S RatioIs ACLS overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| ACLS income statement (TTM) | |
|---|---|
| Revenue | US$733.25m |
| Cost of Revenue | US$413.47m |
| Gross Profit | US$319.78m |
| Other Expenses | US$195.99m |
| Earnings | US$123.78m |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | 3.75 |
| Gross Margin | 43.61% |
| Net Profit Margin | 16.88% |
| Debt/Equity Ratio | 0% |
How did ACLS perform over the long term?
See historical performance and comparisonValuation
Is ACLS undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
6/6Valuation Score 6/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio
Key Valuation Metric
Which metric is best to use when looking at relative valuation for ACLS?
Other financial metrics that can be useful for relative valuation.
| What is ACLS's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | US$1.58b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 1.8x |
| Enterprise Value/EBITDA | 8.3x |
| PEG Ratio | 1x |
Price to Earnings Ratio vs Peers
How does ACLS's PE Ratio compare to its peers?
| ACLS PE Ratio vs Peers |
|---|
| Company | PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 13.8x | ||
NVMI Nova | 21.9x | 8.9% | US$2.4b |
UCTT Ultra Clean Holdings | 9.9x | 27.3% | US$1.2b |
COHU Cohu | 7.5x | -11.2% | US$1.2b |
CAMT Camtek | 16.1x | 9.3% | US$1.0b |
ACLS Axcelis Technologies | 12.8x | 13.4% | US$1.6b |
Price-To-Earnings vs Peers: ACLS is good value based on its Price-To-Earnings Ratio (12.8x) compared to the peer average (13.8x).
Price to Earnings Ratio vs Industry
How does ACLS's PE Ratio compare vs other companies in the US Semiconductor Industry?
Price-To-Earnings vs Industry: ACLS is good value based on its Price-To-Earnings Ratio (12.8x) compared to the US Semiconductor industry average (17.4x)
Price to Earnings Ratio vs Fair Ratio
What is ACLS's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 12.8x |
| Fair PE Ratio | 19.9x |
Price-To-Earnings vs Fair Ratio: ACLS is good value based on its Price-To-Earnings Ratio (12.8x) compared to the estimated Fair Price-To-Earnings Ratio (19.9x).
Share Price vs Fair Value
What is the Fair Price of ACLS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: ACLS ($47.95) is trading below our estimate of fair value ($384.54)
Significantly Below Fair Value: ACLS is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: ACLS is good value based on its PEG Ratio (1x)
Discover undervalued companies
Future Growth
How is Axcelis Technologies forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Future Growth Score
2/6Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
13.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ACLS's forecast earnings growth (13.4% per year) is above the savings rate (1.9%).
Earnings vs Market: ACLS's earnings (13.4% per year) are forecast to grow slower than the US market (13.6% per year).
High Growth Earnings: ACLS's earnings are forecast to grow, but not significantly.
Revenue vs Market: ACLS's revenue (8.8% per year) is forecast to grow faster than the US market (8.2% per year).
High Growth Revenue: ACLS's revenue (8.8% 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 ACLS's Return on Equity is forecast to be high in 3 years time
Discover growth companies
Past Performance
How has Axcelis Technologies performed over the past 5 years?
Past Performance Score
6/6Past Performance Score 6/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
2.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ACLS has high quality earnings.
Growing Profit Margin: ACLS's current net profit margins (16.9%) are higher than last year (11.3%).
Past Earnings Growth Analysis
Earnings Trend: ACLS's earnings have grown by 2% per year over the past 5 years.
Accelerating Growth: ACLS's earnings growth over the past year (124.1%) exceeds its 5-year average (2% per year).
Earnings vs Industry: ACLS earnings growth over the past year (124.1%) exceeded the Semiconductor industry 70.4%.
Return on Equity
High ROE: ACLS's Return on Equity (22.1%) is considered high.
Discover strong past performing companies
Financial Health
How is Axcelis Technologies's financial position?
Financial Health Score
6/6Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: ACLS's short term assets ($648.7M) exceed its short term liabilities ($147.5M).
Long Term Liabilities: ACLS's short term assets ($648.7M) exceed its long term liabilities ($75.4M).
Debt to Equity History and Analysis
Debt Level: ACLS is debt free.
Reducing Debt: ACLS has not had any debt for past 5 years.
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
Discover healthy companies
Dividend
What is Axcelis Technologies's current dividend yield, its reliability and sustainability?
Dividend Score
0/6Dividend Score 0/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
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.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as ACLS has not reported any payouts.
Discover strong dividend paying companies
Management
How experienced are the management team and are they aligned to shareholders interests?
8.8yrs
Average management tenure
CEO
Mary Puma (64 yo)
22.08yrs
Tenure
US$4,078,644
Compensation
Ms. Mary G. Puma serves as the Chief Executive Officer and President at Axcelis Technologies Inc. From May 2000 to January 2002, Ms. Puma served as Axcelis Technologies Inc.'s President and Chief Operating...
CEO Compensation Analysis
Compensation vs Market: Mary's total compensation ($USD4.08M) is about average for companies of similar size in the US market ($USD5.57M).
Compensation vs Earnings: Mary's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: ACLS's management team is seasoned and experienced (8.8 years average tenure).
Board Members
Experienced Board: ACLS's board of directors are considered experienced (7.1 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.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Axcelis Technologies, Inc.'s employee growth, exchange listings and data sources
Key Information
- Name: Axcelis Technologies, Inc.
- Ticker: ACLS
- Exchange: NasdaqGS
- Founded: 1978
- Industry: Semiconductor Equipment
- Sector: Semiconductors
- Implied Market Cap: US$1.583b
- Shares outstanding: 33.02m
- Website: https://www.axcelis.com
Number of Employees
Location
- Axcelis Technologies, Inc.
- 108 Cherry Hill Drive
- Beverly
- Massachusetts
- 01915-1053
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/07/01 00:00 |
| End of Day Share Price | 2022/07/01 00:00 |
| Earnings | 2022/03/31 |
| Annual Earnings | 2021/12/31 |
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.