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Axcelis Technologies

Nasdaq:ACLS
Snowflake Description

Excellent balance sheet and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ACLS
Nasdaq
$481M
Market Cap
  1. Home
  2. US
  3. Semiconductors
Company description

Axcelis Technologies, Inc. designs, manufactures, and services ion implantation and other processing equipment used in the fabrication of semiconductor chips worldwide. The last earnings update was 42 days ago. More info.


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  • Axcelis Technologies has significant price volatility in the past 3 months.
ACLS Share Price and Events
7 Day Returns
-0.9%
NasdaqGS:ACLS
-0.1%
US Semiconductor
1.2%
US Market
1 Year Returns
-28.9%
NasdaqGS:ACLS
-6.9%
US Semiconductor
2.3%
US Market
ACLS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Axcelis Technologies (ACLS) -0.9% -8.5% -30.1% -28.9% 34.3% 83.5%
US Semiconductor -0.1% 1.8% -2.3% -6.9% 74% 86.3%
US Market 1.2% 2% 2% 2.3% 37.9% 39.8%
1 Year Return vs Industry and Market
  • ACLS underperformed the Semiconductor industry which returned -6.9% over the past year.
  • ACLS underperformed the Market in United States of America which returned 2.3% over the past year.
Price Volatility
ACLS
Industry
5yr Volatility vs Market
Related Companies

ACLS Value

 Is Axcelis Technologies undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Axcelis Technologies to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Axcelis Technologies.

NasdaqGS:ACLS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.1%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:ACLS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Semiconductor Unlevered Beta Simply Wall St/ S&P Global 1.23
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.23 (1 + (1- 21%) (11.64%))
1.23
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.23
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.23 * 5.96%)
10.06%

Discounted Cash Flow Calculation for NasdaqGS:ACLS using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Axcelis Technologies is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqGS:ACLS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.06%)
2019 5.90 Est @ -70.25% 5.36
2020 3.05 Est @ -48.35% 2.51
2021 2.04 Est @ -33.03% 1.53
2022 1.58 Est @ -22.3% 1.08
2023 1.35 Est @ -14.79% 0.84
2024 1.22 Est @ -9.54% 0.69
2025 1.15 Est @ -5.86% 0.59
2026 1.11 Est @ -3.28% 0.52
2027 1.10 Est @ -1.48% 0.46
2028 1.09 Est @ -0.21% 0.42
Present value of next 10 years cash flows $13.99
NasdaqGS:ACLS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $1.09 × (1 + 2.73%) ÷ (10.06% – 2.73%)
$15.33
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $15.33 ÷ (1 + 10.06%)10
$5.88
NasdaqGS:ACLS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $13.99 + $5.88
$19.87
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $19.87 / 32.94
$0.6
NasdaqGS:ACLS Discount to Share Price
Calculation Result
Value per share (USD) From above. $0.60
Current discount Discount to share price of $14.61
= -1 x ($14.61 - $0.60) / $0.60
-2322.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Axcelis Technologies is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Axcelis Technologies's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Axcelis Technologies's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:ACLS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $1.17
NasdaqGS:ACLS Share Price ** NasdaqGS (2019-06-19) in USD $14.61
United States of America Semiconductor Industry PE Ratio Median Figure of 69 Publicly-Listed Semiconductor Companies 23.16x
United States of America Market PE Ratio Median Figure of 3,092 Publicly-Listed Companies 17.87x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Axcelis Technologies.

NasdaqGS:ACLS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:ACLS Share Price ÷ EPS (both in USD)

= 14.61 ÷ 1.17

12.46x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Axcelis Technologies is good value based on earnings compared to the US Semiconductor industry average.
  • Axcelis Technologies is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Axcelis Technologies's expected growth come at a high price?
Raw Data
NasdaqGS:ACLS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.46x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
28.3%per year
United States of America Semiconductor Industry PEG Ratio Median Figure of 63 Publicly-Listed Semiconductor Companies 1.09x
United States of America Market PEG Ratio Median Figure of 2,128 Publicly-Listed Companies 1.53x

*Line of best fit is calculated by linear regression .

NasdaqGS:ACLS PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 12.46x ÷ 28.3%

0.44x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Axcelis Technologies is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Axcelis Technologies's assets?
Raw Data
NasdaqGS:ACLS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $12.69
NasdaqGS:ACLS Share Price * NasdaqGS (2019-06-19) in USD $14.61
United States of America Semiconductor Industry PB Ratio Median Figure of 107 Publicly-Listed Semiconductor Companies 2.54x
United States of America Market PB Ratio Median Figure of 5,246 Publicly-Listed Companies 1.8x
NasdaqGS:ACLS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:ACLS Share Price ÷ Book Value per Share (both in USD)

= 14.61 ÷ 12.69

1.15x

* Primary Listing of Axcelis Technologies.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Axcelis Technologies is good value based on assets compared to the US Semiconductor industry average.
X
Value checks
We assess Axcelis Technologies's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Semiconductor industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Semiconductor industry average (and greater than 0)? (1 check)
  5. Axcelis Technologies has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

ACLS Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
28.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Axcelis Technologies expected to grow at an attractive rate?
  • Axcelis Technologies's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Axcelis Technologies's earnings growth is expected to exceed the United States of America market average.
  • Axcelis Technologies's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:ACLS Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:ACLS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 28.3%
NasdaqGS:ACLS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 11.6%
United States of America Semiconductor Industry Earnings Growth Rate Market Cap Weighted Average 18.1%
United States of America Semiconductor Industry Revenue Growth Rate Market Cap Weighted Average 7.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:ACLS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:ACLS Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 488 1
2020-12-31 425 38 5
2019-12-31 350 9 5
NasdaqGS:ACLS Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 412 26 38
2018-12-31 443 47 46
2018-09-30 453 33 129
2018-06-30 462 40 132
2018-03-31 446 67 131
2017-12-31 411 56 127
2017-09-30 364 45 39
2017-06-30 325 39 30
2017-03-31 286 -1 19
2016-12-31 267 -9 11
2016-09-30 268 -7 8
2016-06-30 282 -10 12

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Axcelis Technologies's earnings are expected to grow significantly at over 20% yearly.
  • Axcelis Technologies's revenue is expected to grow by 11.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:ACLS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Axcelis Technologies Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:ACLS Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 1.78 1.78 1.78 1.00
2020-12-31 1.15 1.47 0.75 4.00
2019-12-31 0.41 0.58 0.24 4.00
NasdaqGS:ACLS Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 1.17
2018-12-31 1.42
2018-09-30 4.02
2018-06-30 4.15
2018-03-31 4.18
2017-12-31 4.11
2017-09-30 1.30
2017-06-30 0.99
2017-03-31 0.63
2016-12-31 0.38
2016-09-30 0.27
2016-06-30 0.41

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Axcelis Technologies will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Axcelis Technologies's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Axcelis Technologies has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

ACLS Past Performance

  How has Axcelis Technologies performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Axcelis Technologies's growth in the last year to its industry (Semiconductor).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Axcelis Technologies has delivered over 20% year on year earnings growth in the past 5 years.
  • Axcelis Technologies's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Axcelis Technologies's 1-year earnings growth is negative, it can't be compared to the US Semiconductor industry average.
Earnings and Revenue History
Axcelis Technologies's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Axcelis Technologies Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:ACLS Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 411.87 38.03 68.17 53.26
2018-12-31 442.58 45.89 67.80 51.88
2018-09-30 453.29 129.10 65.04 48.55
2018-06-30 462.40 132.11 63.55 46.71
2018-03-31 445.85 131.37 61.65 45.41
2017-12-31 410.56 126.96 59.33 43.07
2017-09-30 363.52 39.24 56.58 40.95
2017-06-30 324.69 29.55 53.65 38.44
2017-03-31 286.35 18.56 50.40 35.66
2016-12-31 266.98 11.00 48.29 34.40
2016-09-30 268.08 7.86 47.66 33.51
2016-06-30 281.75 11.81 48.59 33.60
2016-03-31 295.73 14.76 48.66 33.02
2015-12-31 301.50 14.68 48.38 32.59
2015-09-30 293.57 14.02 47.64 32.16
2015-06-30 252.78 3.21 45.00 31.53
2015-03-31 215.49 -9.57 44.44 32.48
2014-12-31 203.05 -11.27 44.67 33.53
2014-09-30 199.10 -10.82 45.10 34.95
2014-06-30 209.40 -10.86 46.32 35.15
2014-03-31 215.75 -7.98 46.80 34.81
2013-12-31 195.63 -17.14 46.63 34.76
2013-09-30 181.68 -32.58 46.74 34.26
2013-06-30 177.49 -36.54 47.04 35.96
2013-03-31 189.11 -32.99 47.75 37.94
2012-12-31 203.39 -34.03 52.44 40.40
2012-09-30 219.17 -21.33 50.36 44.14
2012-06-30 246.99 -11.46 54.27 45.68

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Axcelis Technologies has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Axcelis Technologies used its assets less efficiently than the US Semiconductor industry average last year based on Return on Assets.
  • Axcelis Technologies has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Axcelis Technologies's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Semiconductor industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Axcelis Technologies has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

ACLS Health

 How is Axcelis Technologies's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Axcelis Technologies's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Axcelis Technologies is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Axcelis Technologies's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Axcelis Technologies's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 7.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Axcelis Technologies Company Filings, last reported 2 months ago.

NasdaqGS:ACLS Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 417.15 56.00 163.10
2018-12-31 408.34 47.76 177.99
2018-09-30 397.07 47.75 148.72
2018-06-30 385.61 47.74 147.30
2018-03-31 371.53 47.72 140.96
2017-12-31 353.61 47.71 133.41
2017-09-30 254.40 47.70 113.89
2017-06-30 238.44 47.69 108.56
2017-03-31 216.24 47.68 69.43
2016-12-31 201.46 47.59 70.79
2016-09-30 197.93 47.59 65.62
2016-06-30 191.81 47.59 60.98
2016-03-31 194.32 47.59 67.57
2015-12-31 183.76 47.59 78.89
2015-09-30 188.12 47.59 79.87
2015-06-30 180.39 47.59 78.09
2015-03-31 171.27 47.59 74.55
2014-12-31 168.35 14.53 30.75
2014-09-30 167.72 14.82 32.54
2014-06-30 173.33 15.00 35.59
2014-03-31 177.93 15.00 43.04
2013-12-31 176.00 15.00 46.29
2013-09-30 172.73 15.00 48.32
2013-06-30 173.13 0.00 34.64
2013-03-31 175.85 0.00 42.44
2012-12-31 186.08 0.00 44.99
2012-09-30 199.43 0.00 35.22
2012-06-30 205.66 0.00 33.80
  • Axcelis Technologies's level of debt (11.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (8.4% vs 11.6% today).
  • Debt is well covered by operating cash flow (53.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 21.6x coverage).
X
Financial health checks
We assess Axcelis Technologies's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Axcelis Technologies has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

ACLS Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Axcelis Technologies dividends.
If you bought $2,000 of Axcelis Technologies shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Axcelis Technologies's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Axcelis Technologies's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:ACLS Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
United States of America Semiconductor Industry Average Dividend Yield Market Cap Weighted Average of 32 Stocks 2.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2011 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:ACLS Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Axcelis Technologies has not reported any payouts.
  • Unable to verify if Axcelis Technologies's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Axcelis Technologies's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Axcelis Technologies has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Axcelis Technologies's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Axcelis Technologies afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Axcelis Technologies has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

ACLS Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Mary Puma
COMPENSATION $2,606,660
AGE 60
TENURE AS CEO 17.4 years
CEO Bio

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 Officer, prior to which she served as Vice President of Axcelis Technologies Inc. from February 1999 to May 2000. From January 1998 to February 1999, she served as General Manager and Vice President of the Implant Systems Division of Eaton Corporation. From May 1996 to December 1997, she served as General Manager of the Commercial Controls Division at Eaton. In 1996, she joined Eaton. She also served as Chairman of the Board at Axcelis Technologies Inc. from 2005 to 2015. Prior to joining Eaton, Ms. Puma spent 15 years in various marketing and general management positions for General Electric Company. Ms. Puma has been the Director at Axcelis Technologies Inc. since 2000. She has been an Independent Director of Nordson Corporation since July 2001. She is a Director of Apogent Technologies Inc. since 2003. She served as Director of SEN Corporation, an SHI and Axcelis Company. Ms. Puma serves as a member of the Boards at Semiconductor Equipment and Materials International (SEMI) and the North Shore United Way. Ms. Puma holds a Master's degree in Management from the MIT Sloan School and a Bachelor's degree in Economics, Phi Beta Kappa, from Tufts University.

CEO Compensation
  • Mary's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Mary's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Axcelis Technologies management team in years:

6
Average Tenure
59
Average Age
  • The average tenure for the Axcelis Technologies management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Mary Puma

TITLE
CEO, President & Director
COMPENSATION
$3M
AGE
60
TENURE
17.4 yrs

Kevin Brewer

TITLE
CFO & Executive VP of Global Operations
COMPENSATION
$1M
AGE
59
TENURE
5.8 yrs

Bill Bintz

TITLE
Executive Vice President of Product Development
COMPENSATION
$891K
AGE
61

John Aldeborgh

TITLE
Executive Vice President of Global Customer Operations
COMPENSATION
$923K
AGE
62
TENURE
6.3 yrs

Russell Low

TITLE
Executive Vice President of Engineering
COMPENSATION
$884K
AGE
47
TENURE
2.7 yrs

Lynnette Fallon

TITLE
Executive VP of HR & Legal
COMPENSATION
$923K
AGE
58
TENURE
18.2 yrs

Doug Lawson

TITLE
Executive Vice President of Corporate Marketing & Strategy
AGE
57
TENURE
5.6 yrs
Board of Directors Tenure

Average tenure and age of the Axcelis Technologies board of directors in years:

4.6
Average Tenure
63
Average Age
  • The tenure for the Axcelis Technologies board of directors is about average.
Board of Directors

Richie Faubert

TITLE
Chairman of the board
COMPENSATION
$201K
AGE
70
TENURE
1.1 yrs

Mary Puma

TITLE
CEO, President & Director
COMPENSATION
$3M
AGE
60
TENURE
19.4 yrs

R. Fletcher

TITLE
Independent Director
COMPENSATION
$201K
AGE
72
TENURE
16.4 yrs

Joe Keithley

TITLE
Independent Director
COMPENSATION
$196K
AGE
69
TENURE
7.8 yrs

Art George

TITLE
Independent Director
COMPENSATION
$194K
AGE
56
TENURE
5.1 yrs

John Kurtzweil

TITLE
Independent Director
COMPENSATION
$204K
AGE
62
TENURE
4.1 yrs

Tom Dennis

TITLE
Independent Director
COMPENSATION
$186K
AGE
64
TENURE
4.1 yrs

TY Chiu

TITLE
Director
COMPENSATION
$291K
AGE
62
TENURE
1.1 yrs
Who owns this company?
Recent Insider Trading
  • Axcelis Technologies insiders have only sold shares in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
17. May 19 Sell John Kurtzweil Individual 17. May 19 17. May 19 -1,400 $16.78 $-23,492
20. Feb 19 Sell Thomas Dennis Individual 20. Feb 19 20. Feb 19 -5,000 $22.43 $-112,150
21. Nov 18 Sell John Kurtzweil Individual 21. Nov 18 21. Nov 18 -2,500 $17.61 $-44,025
X
Management checks
We assess Axcelis Technologies's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Axcelis Technologies has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

ACLS News

Simply Wall St News

Announcing: Axcelis Technologies (NASDAQ:ACLS) Stock Increased An Energizing 106% In The Last Five Years

Check out our latest analysis for Axcelis Technologies In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. … During the five years of share price growth, Axcelis Technologies moved from a loss to profitability. … We can see that the Axcelis Technologies share price is up 34% in the last three years.

Simply Wall St -

Here's What We Think About Axcelis Technologies, Inc.'s (NASDAQ:ACLS) CEO Pay

See our latest analysis for Axcelis Technologies How Does Mary Puma's Compensation Compare With Similar Sized Companies? … We looked at a group of companies with market capitalizations from US$200m to US$800m, and the median CEO total compensation was US$1.8m. … Thus we can conclude that Mary Puma receives more in total compensation than the median of a group of companies in the same market, and of similar size to Axcelis Technologies, Inc..

Simply Wall St -

Have Insiders Been Selling Axcelis Technologies, Inc. (NASDAQ:ACLS) Shares This Year?

View our latest analysis for Axcelis Technologies The Last 12 Months Of Insider Transactions At Axcelis Technologies Over the last year, we can see that the biggest insider sale was by the Independent Director, Thomas Dennis, for US$112k worth of shares, at about US$22.43 per share. … Insiders at Axcelis Technologies Have Sold Stock Recently The last three months saw significant insider selling at Axcelis Technologies. … An insider hasn't bought Axcelis Technologies stock in the last three months, but there was some selling.

Simply Wall St -

Do You Like Axcelis Technologies, Inc. (NASDAQ:ACLS) At This P/E Ratio?

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … Based on the last twelve months, Axcelis Technologies's P/E ratio is 14.96. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

At US$21.60, Is Axcelis Technologies, Inc. (NASDAQ:ACLS) Worth Looking At Closely?

(NASDAQ:ACLS), which is in the semiconductor business, and is based in United States,. … As a stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock? … Let’s take a look at Axcelis Technologies’s outlook and value based on the most recent financial data to see if the opportunity still exists

Simply Wall St -

Is Axcelis Technologies, Inc.'s (NASDAQ:ACLS) Balance Sheet A Threat To Its Future?

However, an important fact which most ignore is: how financially healthy is the business? … Assessing first and foremost the financial health is. … We'll look at some basic checks that can form a snapshot the company’s financial strength.

Simply Wall St -

What Kind Of Investor Owns Most Of Axcelis Technologies, Inc. (NASDAQ:ACLS)?

Every investor in Axcelis Technologies, Inc. … Generally speaking, as a company grows, institutions will increase their ownership. … Axcelis Technologies is not a large company by global standards.

Simply Wall St -

Need To Know: Axcelis Technologies, Inc. (NASDAQ:ACLS) Insiders Have Been Selling Shares

But logic dictates you should pay some attention to whether insiders are buying or selling shares. … The Last 12 Months Of Insider Transactions At Axcelis Technologies. … All up, insiders sold more shares in Axcelis Technologies than they bought, over the last year

Simply Wall St -

Investors Who Bought Axcelis Technologies Shares Five Years Ago Are Now Up 150%

During the five years of share price growth, Axcelis Technologies moved from a loss to profitability. … Indeed, the Axcelis Technologies share price has gained 120% in three years. … This EPS growth is higher than the 30% average annual increase in the share price over the same three years.

Simply Wall St -

What We Think Of Axcelis Technologies, Inc.’s (NASDAQ:ACLS) Investment Potential

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … What is Return On Capital Employed (ROCE)? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

ACLS Company Info

Description

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.

Details
Name: Axcelis Technologies, Inc.
ACLS
Exchange: NasdaqGS
Founded: 1995
$481,285,308
32,942,184
Website: http://www.axcelis.com
Address: Axcelis Technologies, Inc.
108 Cherry Hill Drive,
Beverly,
Massachusetts, 01915,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS ACLS Common Stock Nasdaq Global Select US USD 11. Jul 2000
DB XXA1 Common Stock Deutsche Boerse AG DE EUR 11. Jul 2000
DB A2AM8Z COM USD0.001(POST REV SPLIT) Deutsche Boerse AG DE USD 01. Jul 2016
Number of employees
Current staff
Staff numbers
992
Axcelis Technologies employees.
Industry
Semiconductor Equipment
Semiconductors
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/19 23:33
End of day share price update: 2019/06/19 00:00
Last estimates confirmation: 2019/06/12
Last earnings filing: 2019/05/08
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.