NasdaqGS:ACLS

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

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


Market Performance


7 Day Return

7.8%

ACLS

6.7%

US Semiconductor

3.4%

US Market


1 Year Return

1.2%

ACLS

18.4%

US Semiconductor

5.4%

US Market

Return vs Industry: ACLS underperformed the US Semiconductor industry which returned 18.4% over the past year.

Return vs Market: ACLS underperformed the US Market which returned 5.4% over the past year.


Shareholder returns

ACLSIndustryMarket
7 Day7.8%6.7%3.4%
30 Day-1.6%0.6%-1.0%
90 Day18.0%6.6%-0.4%
1 Year1.2%1.2%20.8%18.4%7.7%5.4%
3 Year31.8%31.8%82.3%71.5%46.2%36.8%
5 Year131.1%131.1%140.3%115.5%65.6%47.5%

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?

24.67x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: ACLS ($18.12) is trading above our estimate of fair value ($0.46)

Significantly Undervalued: ACLS is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: ACLS is good value based on its PE Ratio (24.7x) compared to the Semiconductor industry average (28.4x).

PE vs Market: ACLS is poor value based on its PE Ratio (24.7x) compared to the US market (17.7x).


Price to Earnings Growth Ratio

Low PEG Ratio: ACLS is good value based on its PEG Ratio (0.5x)


Price to Book Ratio

PB vs Industry: ACLS is good value based on its PB Ratio (1.4x) compared to the US Semiconductor industry average (2.8x).


Next Steps

Future Growth

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

52.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ACLS's forecast earnings growth (52.9% per year) is above the savings rate (2.7%).

Earnings vs Market: ACLS's earnings (52.9% per year) are forecast to grow faster than the US market (14.3% per year).

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

Revenue vs Market: ACLS's revenue (14.7% per year) is forecast to grow faster than the US market (7.3% per year).

High Growth Revenue: ACLS's revenue (14.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High 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?

54.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: ACLS has become profitable over the past 5 years, growing earnings by 54.2% 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 (-81.9%) over the past year, making it difficult to compare to the Semiconductor industry average (-6.2%).


Return on Equity

High ROE: ACLS's Return on Equity (5.9%) is considered low.


Return on Assets

ROA vs Industry: ACLS's Return on Assets is below or equal to the Semiconductor industry average last year.


Return on Capital Employed

ROCE Improving: ACLS's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Axcelis Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: ACLS's short term assets ($345.4M) exceeds its short term liabilities ($52.1M)

Long Term Liabilities: ACLS's short term assets (345.4M) exceeds its long term liabilities (59.5M)


Debt to Equity History and Analysis

Debt Level: ACLS is debt free.

Reducing Debt: ACLS has no debt compared to 5 years ago when its debt to equity ratio was 8.7%.

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

Inventory Level: ACLS has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if ACLS's debt is covered by short term assets.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.8%industryaverage2.1%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

High Dividend: Unable to evaluate ACLS's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

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

What is the CEO of Axcelis Technologies's salary, the management and board of directors tenure and is there insider trading?

6.4yrs

Average management tenure


CEO

Mary Puma (61yo)

17.8yrs

Tenure

US$2,606,660

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 ($USD2.61M) is about average for companies of similar size in the US market ($USD1.81M).

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


Management Age and Tenure

6.4yrs

Average Tenure

60yo

Average Age

Experienced Management: ACLS's management team is seasoned and experienced (6.4 years average tenure).


Board Age and Tenure

4.4yrs

Average Tenure

63yo

Average Age

Experienced Board: ACLS's board of directors are considered experienced (4.4 years average tenure).


Insider Trading

Insider Buying: ACLS insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$45,14421 Aug 19
Douglas Lawson
EntityIndividual
Role
Senior Key Executive
Executive Vice President of Corporate Marketing & Strategy
Shares3,000
Max PriceUS$15.05
SellUS$23,49217 May 19
John Kurtzweil
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,400
Max PriceUS$16.78
SellUS$112,15020 Feb 19
Thomas Dennis
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares5,000
Max PriceUS$22.43
SellUS$44,02521 Nov 18
John Kurtzweil
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares2,500
Max PriceUS$17.61

Ownership Breakdown


Management Team

  • Mary Puma (61yo)

    CEO, President & Director

    • Tenure: 17.8yrs
    • Compensation: US$2.61m
  • Lynnette Fallon (59yo)

    Executive VP of HR & Legal

    • Tenure: 18.5yrs
    • Compensation: US$922.89k
  • John Aldeborgh (63yo)

    Executive Vice President of Global Customer Operations

    • Tenure: 6.7yrs
    • Compensation: US$922.58k
  • Kevin Brewer (60yo)

    CFO & Executive VP of Global Operations

    • Tenure: 6.1yrs
    • Compensation: US$1.33m
  • Bill Bintz (62yo)

    Executive Vice President of Product Development

    • Tenure: 0yrs
    • Compensation: US$890.82k
  • Doug Lawson (58yo)

    Executive Vice President of Corporate Marketing & Strategy

    • Tenure: 5.9yrs
  • Russell Low (48yo)

    Executive Vice President of Engineering

    • Tenure: 3yrs
    • Compensation: US$883.57k

Board Members

  • John Kurtzweil (63yo)

    Independent Director

    • Tenure: 4.4yrs
    • Compensation: US$203.77k
  • Tom Dennis (65yo)

    Independent Director

    • Tenure: 4.4yrs
    • Compensation: US$186.27k
  • Joe Keithley (70yo)

    Independent Director

    • Tenure: 8.2yrs
    • Compensation: US$196.27k
  • Richie Faubert (71yo)

    Independent Chairman of the board

    • Tenure: 1.4yrs
    • Compensation: US$200.55k
  • Mary Puma (61yo)

    CEO, President & Director

    • Tenure: 17.8yrs
    • Compensation: US$2.61m
  • R. Fletcher (73yo)

    Independent Director

    • Tenure: 16.8yrs
    • Compensation: US$201.27k
  • TY Chiu (63yo)

    Independent Director

    • Tenure: 1.4yrs
    • Compensation: US$290.62k
  • Art George (57yo)

    Independent Director

    • Tenure: 5.4yrs
    • Compensation: US$193.77k
  • Jorge Titinger (58yo)

    Director

    • Tenure: 0.2yrs

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$585.857m
  • Shares outstanding: 32.33m
  • 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 en ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/15 23:33
End of Day Share Price2019/10/15 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.