NasdaqGS:ACLS

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Executive Summary

Axcelis Technologies, Inc. designs, manufactures, and services ion implantation and other processing equipment used in the fabrication of semiconductor chips worldwide.


Snowflake Analysis

Flawless balance sheet with reasonable growth potential.


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's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

7.4%

ACLS

1.1%

US Semiconductor

2.7%

US Market


1 Year Return

81.1%

ACLS

42.5%

US Semiconductor

9.1%

US Market

Return vs Industry: ACLS exceeded the US Semiconductor industry which returned 41.7% over the past year.

Return vs Market: ACLS exceeded the US Market which returned 8.4% over the past year.


Shareholder returns

ACLSIndustryMarket
7 Day7.4%1.1%2.7%
30 Day14.9%5.7%4.5%
90 Day11.9%9.0%2.3%
1 Year81.1%81.1%45.3%42.5%11.5%9.1%
3 Year14.3%14.3%66.6%57.7%30.6%22.0%
5 Year113.8%113.8%145.5%122.4%57.2%39.5%

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

Valuation

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

39.45x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ACLS ($26.85) is trading above our estimate of fair value ($6.12)

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


Price To Earnings Ratio

PE vs Industry: ACLS is poor value based on its PE Ratio (39.4x) compared to the Semiconductor industry average (33.1x).

PE vs Market: ACLS is poor value based on its PE Ratio (39.4x) compared to the US market (16x).


Price to Earnings Growth Ratio

PEG Ratio: ACLS is good value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: ACLS is good value based on its PB Ratio (2.1x) compared to the US Semiconductor industry average (3.1x).


Next Steps

Future Growth

How is Axcelis Technologies forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

41.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ACLS's forecast earnings growth (41% per year) is above the savings rate (2.2%).

Earnings vs Market: ACLS's earnings (41% per year) are forecast to grow faster than the US market (21.7% per year).

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

Revenue vs Market: ACLS's revenue (11.5% per year) is forecast to grow faster than the US market (8.8% per year).

High Growth Revenue: ACLS's revenue (11.5% 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


Next Steps

Past Performance

How has Axcelis Technologies performed over the past 5 years?

25.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ACLS has high quality earnings.

Growing Profit Margin: ACLS's current net profit margins (6%) are lower than last year (9.2%).


Past Earnings Growth Analysis

Earnings Trend: ACLS has become profitable over the past 5 years, growing earnings by 25.5% per year.

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

Earnings vs Industry: ACLS had negative earnings growth (-41.4%) over the past year, making it difficult to compare to the Semiconductor industry average (-13.2%).


Return on Equity

High ROE: ACLS's Return on Equity (5.2%) 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 ($391.7M) exceed its short term liabilities ($75.4M).

Long Term Liabilities: ACLS's short term assets ($391.7M) exceed its long term liabilities ($60.0M).


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?

7.0yrs

Average management tenure


CEO

Mary Puma (61yo)

18.33yrs

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 ($USD2.16M) is below average for companies of similar size in the US market ($USD3.17M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Mary Puma
CEO, President & Director18.33yrsUS$2.16m0.72% $6.3m
Kevin Brewer
Executive VP & CFO6.92yrsUS$983.32k0.12% $1.0m
William Bintz
Executive Vice President of Product Developmentno dataUS$779.15k0.067% $592.4k
John Aldeborgh
Executive Vice President of Global Customer Operations7.17yrsUS$831.53k0.11% $959.1k
Russell Low
Executive Vice President of Engineering3.58yrsUS$779.15k0.040% $355.1k
Lynnette Fallon
Executive VP of HR and Legal19.08yrsUS$922.89k0.12% $1.1m
Douglas Lawson
Executive Vice President of Corporate Marketing & Strategy6.5yrsno data0.10% $894.2k

7.0yrs

Average Tenure

60yo

Average Age

Experienced Management: ACLS's management team is seasoned and experienced (7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Mary Puma
CEO, President & Director18.33yrsUS$2.16m0.72% $6.3m
John Kurtzweil
Independent Director5yrsUS$184.38k0.093% $820.5k
Thomas Dennis
Independent Director5yrsUS$166.88k0.058% $511.7k
Joseph Keithley
Independent Director8.75yrsUS$176.88k0.10% $894.3k
Richard Faubert
Independent Chairman of the board2yrsUS$189.38k0.11% $954.7k
R. Fletcher
Independent Director17.33yrsUS$181.88k0.16% $1.4m
Tzu-Yin Chiu
Independent Director2yrsUS$166.88k0.040% $356.5k
Arthur George
Independent Director6yrsUS$174.38k0.15% $1.3m
Jorge Titinger
Director0.75yrUS$246.03k0.019% $170.4k

5.0yrs

Average Tenure

63yo

Average Age

Experienced Board: ACLS's board of directors are considered experienced (5 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 not been meaningfully diluted in the past year.


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: 1995
  • Industry: Semiconductor Equipment
  • Sector: Semiconductors
  • Market Cap: US$882.698m
  • Shares outstanding: 32.88m
  • Website: https://www.axcelis.com

Number of Employees


Location

  • Axcelis Technologies, Inc.
  • 108 Cherry Hill Drive
  • Beverly
  • Massachusetts
  • 1915
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ACLSNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDJul 2000
XXA1DB (Deutsche Boerse AG)YesCommon StockDEEURJul 2000
A2AM8ZDB (Deutsche Boerse AG)COM USD0.001(POST REV SPLIT)DEUSDJul 2016

Biography

Axcelis Technologies, Inc. designs, manufactures, and services ion implantation and other processing equipment used in the fabrication of semiconductor chips worldwide. The company offers a line of high energy, high current, and medium current implanters for various application requirements. It also provides curing systems and thermal processing systems. In addition, the company offers aftermarket lifecycle products and services, including used tools, spare parts, equipment upgrades, maintenance services, and customer training. It sells its equipment and services to semiconductor chip manufacturers through its direct sales force. The company was founded in 1995 and is headquartered in Beverly, Massachusetts. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/30 02:09
End of Day Share Price2020/05/29 00:00
Earnings2020/03/31
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.