NasdaqGS:AEIS

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Executive Summary

Advanced Energy Industries, Inc. designs, manufactures, sells, and supports precision power conversion, measurement, and control solutions worldwide.


Snowflake Analysis

Reasonable growth potential with adequate balance sheet.


Similar Companies

Share Price & News

How has Advanced Energy Industries's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: AEIS's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

6.3%

AEIS

4.5%

US Semiconductor

2.9%

US Market


1 Year Return

31.8%

AEIS

42.1%

US Semiconductor

8.9%

US Market

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

Return vs Market: AEIS exceeded the US Market which returned 9.2% over the past year.


Shareholder returns

AEISIndustryMarket
7 Day6.3%4.5%2.9%
30 Day20.9%13.5%10.6%
90 Day15.6%14.8%5.1%
1 Year31.8%31.8%44.9%42.1%11.4%8.9%
3 Year-12.0%-12.0%72.4%63.2%34.3%25.4%
5 Year144.6%144.6%162.7%137.6%60.7%42.7%

Price Volatility Vs. Market

How volatile is Advanced Energy Industries's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Advanced Energy Industries undervalued compared to its fair value and its price relative to the market?

45.77x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: AEIS ($71.02) is trading above our estimate of fair value ($35.23)

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


Price To Earnings Ratio

PE vs Industry: AEIS is poor value based on its PE Ratio (45.8x) compared to the Semiconductor industry average (35.5x).

PE vs Market: AEIS is poor value based on its PE Ratio (45.8x) compared to the US market (16.1x).


Price to Earnings Growth Ratio

PEG Ratio: AEIS is poor value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: AEIS is overvalued based on its PB Ratio (4x) compared to the US Semiconductor industry average (3.1x).


Next Steps

Future Growth

How is Advanced Energy Industries forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

43.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AEIS's forecast earnings growth (43.8% per year) is above the savings rate (2.2%).

Earnings vs Market: AEIS's earnings (43.8% per year) are forecast to grow faster than the US market (22.2% per year).

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

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

High Growth Revenue: AEIS'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 AEIS's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Advanced Energy Industries performed over the past 5 years?

-0.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AEIS has high quality earnings.

Growing Profit Margin: AEIS's current net profit margins (6.2%) are lower than last year (17.5%).


Past Earnings Growth Analysis

Earnings Trend: AEIS's earnings have declined by -0.4% per year over the past 5 years.

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

Earnings vs Industry: AEIS had negative earnings growth (-48.7%) over the past year, making it difficult to compare to the Semiconductor industry average (-10.8%).


Return on Equity

High ROE: AEIS's Return on Equity (8.7%) is considered low.


Next Steps

Financial Health

How is Advanced Energy Industries's financial position?


Financial Position Analysis

Short Term Liabilities: AEIS's short term assets ($861.2M) exceed its short term liabilities ($303.8M).

Long Term Liabilities: AEIS's short term assets ($861.2M) exceed its long term liabilities ($532.8M).


Debt to Equity History and Analysis

Debt Level: AEIS's debt to equity ratio (48.8%) is considered high.

Reducing Debt: Insufficient data to determine if AEIS's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: AEIS's debt is well covered by operating cash flow (21.3%).

Interest Coverage: AEIS's interest payments on its debt are well covered by EBIT (16.2x coverage).


Balance Sheet


Next Steps

Dividend

What is Advanced Energy Industries's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate AEIS'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 AEIS's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if AEIS'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 AEIS'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?

2.1yrs

Average management tenure


CEO

Yuval Wasserman (64yo)

5.75yrs

Tenure

US$4,613,425

Compensation

Mr. Yuval Wasserman has been Chief Executive Officer and Director of Advanced Energy Industries, Inc. since October 2014 and served as President since September 2014 until May 20, 2020. He has a 30-year ve ...


CEO Compensation Analysis

Compensation vs Market: Yuval's total compensation ($USD4.61M) is about average for companies of similar size in the US market ($USD5.86M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Yuval Wasserman
CEO & Director5.75yrsUS$4.61m0.31% $8.4m
Neil Brinker
President & COO0.083yrUS$1.72m0.012% $321.5k
Paul Oldham
Executive VP & CFO2.08yrsUS$1.60m0.0096% $260.9k
Thomas McGimpsey
Executive VP11.17yrsUS$1.27m0.11% $2.9m
Isabel Yang
Senior VP & Chief Technology Officer1.92yrsno datano data
Yeuk-Fai Mok
Vice President of Strategic Marketing & Investor Relations1.75yrsno datano data
William Trupkiewicz
Vice President and Corporate Controller6.25yrsUS$550.56kno data
Dana Huth
Chief Revenue Officerno datano datano data
Peter Gillespie
VP & GM Semiconductor Customer Solutionsno datano datano data

2.1yrs

Average Tenure

56yo

Average Age

Experienced Management: AEIS's management team is considered experienced (2.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Yuval Wasserman
CEO & Director5.75yrsUS$4.61m0.31% $8.4m
Frederick Ball
Independent Director11.67yrsUS$257.55k0.076% $2.1m
Edward Grady
Independent Director12.08yrsUS$246.55k0.12% $3.2m
Grant Beard
Independent Chairman of the Board4.08yrsUS$294.05k0.13% $3.4m
Ronald Foster
Independent Director5.58yrsUS$244.55k0.099% $2.7m
Thomas Rohrs
Independent Director14.08yrsUS$244.55k0.052% $1.4m
John Roush
Independent Director4.08yrsUS$239.05k0.057% $1.6m
Tina Donikowski
Independent Director2.08yrsUS$244.55k0.016% $426.1k

5.6yrs

Average Tenure

62yo

Average Age

Experienced Board: AEIS's board of directors are considered experienced (5.6 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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Advanced Energy Industries, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Advanced Energy Industries, Inc.
  • Ticker: AEIS
  • Exchange: NasdaqGS
  • Founded: 1981
  • Industry: Semiconductor Equipment
  • Sector: Semiconductors
  • Market Cap: US$2.718b
  • Shares outstanding: 38.27m
  • Website: https://www.advancedenergy.com

Number of Employees


Location

  • Advanced Energy Industries, Inc.
  • 1595 Wynkoop Street
  • Suite 800
  • Denver
  • Colorado
  • 80202
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AEISNasdaqGS (Nasdaq Global Select)YesCommon SharesUSUSDNov 1995
AVXDB (Deutsche Boerse AG)YesCommon SharesDEEURNov 1995

Biography

Advanced Energy Industries, Inc. designs, manufactures, sells, and supports precision power conversion, measurement, and control solutions worldwide. It offers process power solutions, including direct current (DC), pulsed DC, low frequency alternating current, high voltage, and radio frequency (RF) power supplies, as well as RF matching networks and remote plasma sources for reactive gas applications and RF instrumentation. The company also provides power control modules and thermal instrumentation products for rapid thermal processing, chemical vapor deposition, crystal growing, and other semiconductor and adjacent thin film applications, as well as in chemical processing, metal and glass manufacturing, and other general industrial power applications; and high voltage products for semiconductor wafer processing and metrology, electrostatic clamping of substrates, scientific instrumentation, mass spectrometry, and analytical X-ray systems for industrial and analytical applications. In addition, it offers gas detection and monitoring products for the automotive, energy, environmental control, aerospace, medical, and research industries; and embedded IEC 60601-1 for medical equipment or IEC 60950-1 for information technology equipment. Further, the company provides amplifiers, power supplies and generators, and electrostatic discharge sensors and monitors; electrostatic detection and measurement instrumentation products; and photonic-based measurement and monitoring solutions. In addition, it offers repair services, conversions, upgrades, and refurbishments and used equipment to companies. The company provides its products through direct sales force, independent sales representatives, channel partners, and distributors. Advanced Energy Industries, Inc. was founded in 1981 and is headquartered in Denver, Colorado. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/05 02:49
End of Day Share Price2020/06/04 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.