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ACLS

Axcelis Technologies NasdaqGS:ACLS Stock Report

Last Price

US$47.95

Market Cap

US$1.6b

7D

-17.6%

1Y

21.4%

Updated

01 Jul, 2022

Data

Company Financials +
ACLS fundamental analysis
Snowflake Score
Valuation6/6
Future Growth2/6
Past Performance6/6
Financial Health6/6
Dividends0/6

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.

Axcelis Technologies Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Axcelis Technologies
Historical stock prices
Current Share PriceUS$47.95
52 Week HighUS$83.74
52 Week LowUS$33.36
Beta1.66
1 Month Change-21.68%
3 Month Change-32.98%
1 Year Change21.36%
3 Year Change216.29%
5 Year Change112.64%
Change since IPO-49.92%

Recent News & Updates

Jun 08
Here's Why We Think Axcelis Technologies (NASDAQ:ACLS) Is Well Worth Watching

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...

Jun 03

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

ACLSUS SemiconductorUS Market
7D-17.6%-9.5%-2.5%
1Y21.4%-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

Is ACLS's price volatile compared to industry and market?
ACLS volatility
ACLS Average Weekly Movement9.2%
Semiconductor Industry Average Movement8.5%
Market Average Movement8.1%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market3.2%

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

FoundedEmployeesCEOWebsite
19781,122Mary Pumahttps://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

How do Axcelis Technologies's earnings and revenue compare to its market cap?
ACLS fundamental statistics
Market CapUS$1.58b
Earnings (TTM)US$123.78m
Revenue (TTM)US$733.25m

12.8x

P/E Ratio

2.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ACLS income statement (TTM)
RevenueUS$733.25m
Cost of RevenueUS$413.47m
Gross ProfitUS$319.78m
Other ExpensesUS$195.99m
EarningsUS$123.78m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)3.75
Gross Margin43.61%
Net Profit Margin16.88%
Debt/Equity Ratio0%

How did ACLS perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is ACLS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation 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.

ACLS key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.8x
Enterprise Value/EBITDA8.3x
PEG Ratio1x

Price to Earnings Ratio vs Peers

How does ACLS's PE Ratio compare to its peers?

ACLS PE Ratio vs Peers
The above table shows the PE ratio for ACLS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average13.8x
NVMI Nova
21.9x8.9%US$2.4b
UCTT Ultra Clean Holdings
9.9x27.3%US$1.2b
COHU Cohu
7.5x-11.2%US$1.2b
CAMT Camtek
16.1x9.3%US$1.0b
ACLS Axcelis Technologies
12.8x13.4%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.

ACLS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.8x
Fair PE Ratio19.9x

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)


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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

2/6

Future 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

6/6

Past 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

6/6

Financial 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


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Dividend

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

Dividend Score

0/6

Dividend 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/01 00:00
End of Day Share Price2022/07/01 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.