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Advanced Energy Industries

Nasdaq:AEIS
Snowflake Description

Excellent balance sheet with reasonable growth potential.

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

Advanced Energy Industries, Inc., together with its subsidiaries, designs, manufactures, sells, and supports power conversion, measurement, and control solutions that transform electrical power into various usable forms. The last earnings update was 19 days ago. More info.


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AEIS Share Price and Events
7 Day Returns
-2.9%
NasdaqGS:AEIS
-5.7%
US Semiconductor
-1.4%
US Market
1 Year Returns
-23.7%
NasdaqGS:AEIS
-13.7%
US Semiconductor
1.6%
US Market
AEIS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Advanced Energy Industries (AEIS) -2.9% -13.7% -3% -23.7% 33.1% 157.4%
US Semiconductor -5.7% -18.4% -6.2% -13.7% 63.5% 82.6%
US Market -1.4% -3.9% 0.2% 1.6% 33.2% 38.2%
1 Year Return vs Industry and Market
  • AEIS underperformed the Semiconductor industry which returned -13.7% over the past year.
  • AEIS underperformed the Market in United States of America which returned 1.6% over the past year.
Price Volatility
AEIS
Industry
5yr Volatility vs Market

Value

 Is Advanced Energy Industries 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 Advanced Energy Industries 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 Advanced Energy Industries.

NasdaqGS:AEIS 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 9.3%
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:AEIS
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 1.14
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.138 (1 + (1- 21%) (1.92%))
1.104
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.104 * 5.96%)
9.31%

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

The calculations below outline how an intrinsic value for Advanced Energy Industries 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:AEIS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.31%)
2019 43.05 Analyst x2 39.38
2020 152.50 Analyst x3 127.63
2021 145.27 Est @ -4.74% 111.22
2022 141.64 Est @ -2.5% 99.20
2023 140.32 Est @ -0.93% 89.90
2024 140.55 Est @ 0.17% 82.38
2025 141.87 Est @ 0.94% 76.07
2026 143.96 Est @ 1.47% 70.62
2027 146.62 Est @ 1.85% 65.80
2028 149.72 Est @ 2.11% 61.46
Present value of next 10 years cash flows $823.65
NasdaqGS:AEIS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $149.72 × (1 + 2.73%) ÷ (9.31% – 2.73%)
$2,336.92
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $2,336.92 ÷ (1 + 9.31%)10
$959.34
NasdaqGS:AEIS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $823.65 + $959.34
$1,783.00
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,783.00 / 38.24
$46.63
NasdaqGS:AEIS Discount to Share Price
Calculation Result
Value per share (USD) From above. $46.63
Current discount Discount to share price of $50.38
= -1 x ($50.38 - $46.63) / $46.63
-8%

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

  • The current share price of Advanced Energy Industries 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 Advanced Energy Industries's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Advanced Energy Industries's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:AEIS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $3.00
NasdaqGS:AEIS Share Price ** NasdaqGS (2019-05-24) in USD $50.38
United States of America Semiconductor Industry PE Ratio Median Figure of 69 Publicly-Listed Semiconductor Companies 20.76x
United States of America Market PE Ratio Median Figure of 3,084 Publicly-Listed Companies 17.44x

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

** Primary Listing of Advanced Energy Industries.

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

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

= 50.38 ÷ 3.00

16.8x

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

  • Advanced Energy Industries is good value based on earnings compared to the US Semiconductor industry average.
  • Advanced Energy Industries is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Advanced Energy Industries's expected growth come at a high price?
Raw Data
NasdaqGS:AEIS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.8x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
42.9%per year
United States of America Semiconductor Industry PEG Ratio Median Figure of 63 Publicly-Listed Semiconductor Companies 0.85x
United States of America Market PEG Ratio Median Figure of 2,121 Publicly-Listed Companies 1.51x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 16.8x ÷ 42.9%

0.39x

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

  • Advanced Energy Industries is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Advanced Energy Industries's assets?
Raw Data
NasdaqGS:AEIS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $16.26
NasdaqGS:AEIS Share Price * NasdaqGS (2019-05-24) in USD $50.38
United States of America Semiconductor Industry PB Ratio Median Figure of 107 Publicly-Listed Semiconductor Companies 2.43x
United States of America Market PB Ratio Median Figure of 5,207 Publicly-Listed Companies 1.8x
NasdaqGS:AEIS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 50.38 ÷ 16.26

3.1x

* Primary Listing of Advanced Energy Industries.

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

  • Advanced Energy Industries is overvalued based on assets compared to the US Semiconductor industry average.
X
Value checks
We assess Advanced Energy Industries'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. Advanced Energy Industries has a total score of 3/6, 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.

Future Performance

 How is Advanced Energy Industries 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
42.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Advanced Energy Industries expected to grow at an attractive rate?
  • Advanced Energy Industries's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Advanced Energy Industries's earnings growth is expected to exceed the United States of America market average.
  • Advanced Energy Industries's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:AEIS Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:AEIS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 42.9%
NasdaqGS:AEIS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 12.5%
United States of America Semiconductor Industry Earnings Growth Rate Market Cap Weighted Average 16.2%
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 13.7%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*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:AEIS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month 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:AEIS Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31
2020-12-31 706 154 138 5
2019-12-31 567 53 52 5
NasdaqGS:AEIS Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 664 124 116
2018-12-31 719 151 147
2018-09-30 744 164 99
2018-06-30 747 168 147
2018-03-31 717 176 147
2017-12-31 671 183 136
2017-09-30 627 174 206
2017-06-30 577 176 151
2017-03-31 530 148 132
2016-12-31 484 119 117
2016-09-30 435 111 88
2016-06-30 418 94 82

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Advanced Energy Industries's earnings are expected to grow significantly at over 20% yearly.
  • Advanced Energy Industries's revenue is expected to grow by 12.5% 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:AEIS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Advanced Energy Industries Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:AEIS Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31 3.60 4.83 2.68 4.00
2019-12-31 1.35 1.47 1.11 4.00
NasdaqGS:AEIS Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 3.00
2018-12-31 3.76
2018-09-30 2.51
2018-06-30 3.72
2018-03-31 3.70
2017-12-31 3.42
2017-09-30 5.17
2017-06-30 3.79
2017-03-31 3.33
2016-12-31 2.94
2016-09-30 2.21
2016-06-30 2.05

*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 Advanced Energy Industries will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Advanced Energy Industries'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.
Advanced Energy Industries 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.

Past Performance

  How has Advanced Energy Industries 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 Advanced Energy Industries'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.
  • Advanced Energy Industries's year on year earnings growth rate has been positive over the past 5 years.
  • Advanced Energy Industries's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Advanced Energy Industries's 1-year earnings growth is negative, it can't be compared to the US Semiconductor industry average.
Earnings and Revenue History
Advanced Energy Industries'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 Advanced Energy Industries Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:AEIS Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 664.02 116.10 105.51 79.66
2018-12-31 718.89 147.06 106.31 76.01
2018-09-30 743.95 98.84 101.32 71.54
2018-06-30 747.44 147.48 100.18 67.72
2018-03-31 717.28 147.00 99.31 63.13
2017-12-31 671.01 136.10 93.11 58.00
2017-09-30 627.14 205.54 91.44 52.86
2017-06-30 577.12 150.79 86.02 49.53
2017-03-31 530.01 132.17 81.76 46.18
2016-12-31 483.70 116.95 77.68 44.45
2016-09-30 435.25 88.00 72.94 42.76
2016-06-30 418.46 82.28 70.10 41.84
2016-03-31 408.35 78.05 67.41 40.56
2015-12-31 414.81 83.48 66.10 39.55
2015-09-30 264.87 103.82 45.74 22.08
2015-06-30 298.26 92.81 49.38 26.78
2015-03-31 335.90 80.44 55.53 32.53
2014-12-31 367.33 69.50 58.55 36.92
2014-09-30 582.96 72.02 84.74 58.17
2014-06-30 582.71 60.40 86.66 58.20
2014-03-31 576.14 39.98 86.74 58.20
2013-12-31 299.38 59.71 57.33 35.38
2013-09-30 507.40 2.61 78.26 58.99
2013-06-30 482.01 7.65 72.93 58.45
2013-03-31 457.96 26.24 66.72 57.21
2012-12-31 451.93 20.18 69.13 58.08
2012-09-30 451.46 12.71 75.91 58.57
2012-06-30 462.44 14.14 75.58 61.60

*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.
  • Advanced Energy Industries has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Advanced Energy Industries used its assets more efficiently than the US Semiconductor industry average last year based on Return on Assets.
  • Advanced Energy Industries's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Advanced Energy Industries'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.
Advanced Energy Industries 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.

Health

 How is Advanced Energy Industries'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 Advanced Energy Industries's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Advanced Energy Industries is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Advanced Energy Industries's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Advanced Energy Industries'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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 15.5x 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 Advanced Energy Industries Company Filings, last reported 1 month ago.

NasdaqGS:AEIS Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 622.14 36.89 353.67
2018-12-31 607.30 0.00 351.77
2018-09-30 599.58 0.00 341.73
2018-06-30 595.52 0.00 436.15
2018-03-31 577.21 0.00 417.07
2017-12-31 520.64 0.00 410.39
2017-09-30 548.39 0.00 369.62
2017-06-30 485.39 0.00 363.03
2017-03-31 434.33 0.00 322.71
2016-12-31 392.07 0.00 286.69
2016-09-30 354.79 0.00 249.83
2016-06-30 321.81 0.00 215.06
2016-03-31 289.23 0.00 183.96
2015-12-31 263.58 0.00 170.43
2015-09-30 275.37 0.00 199.00
2015-06-30 260.45 0.00 183.20
2015-03-31 484.27 0.00 155.91
2014-12-31 474.97 0.00 124.48
2014-09-30 466.06 0.00 105.77
2014-06-30 464.96 4.65 130.18
2014-03-31 476.12 15.07 122.72
2013-12-31 464.46 13.66 149.69
2013-09-30 414.84 11.44 104.73
2013-06-30 401.50 13.43 99.13
2013-03-31 404.80 0.00 182.27
2012-12-31 389.61 0.00 172.25
2012-09-30 378.48 0.00 173.67
2012-06-30 367.76 0.00 149.02
  • Advanced Energy Industries's level of debt (5.9%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (3.1% vs 5.9% today).
  • Debt is well covered by operating cash flow (335.1%, greater than 20% of total debt).
  • Advanced Energy Industries earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Advanced Energy Industries'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. Advanced Energy Industries 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.

Dividends

 What is Advanced Energy Industries'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 Advanced Energy Industries dividends. Estimated to be 0% next year.
If you bought $2,000 of Advanced Energy Industries 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 Advanced Energy Industries's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Advanced Energy Industries'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:AEIS 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 2.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2007 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

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

NasdaqGS:AEIS Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.00 1.00
2020-12-31 0.00 1.00
2019-12-31 0.00 1.00

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

  • Unable to perform a dividend volatility check as Advanced Energy Industries has not reported any payouts.
  • Unable to verify if Advanced Energy Industries's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Advanced Energy Industries's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Advanced Energy Industries has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Advanced Energy Industries's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Advanced Energy Industries'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 Advanced Energy Industries afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Advanced Energy Industries 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.

Management

 What is the CEO of Advanced Energy Industries'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
Yuval Wasserman
COMPENSATION $4,316,713
AGE 63
TENURE AS CEO 4.7 years
CEO Bio

Mr. Yuval Wasserman has been President, Chief Executive Officer, and Director of Advanced Energy Industries, Inc. since October 2014. Mr. Wasserman has been Director of FARO Technologies, Inc. since December, 2017. Mr. Wasserman previously served as President of Advanced Energy Industries' Thin Films Business Unit from August 2011 to October 2014 and Executive Vice President and Chief Operating Officer from April 2009 to August 2011. He previously held roles at Advanced Energy Industries of Executive Vice President, Sales, Marketing and Service from October 2007 to April 2009, and Senior Vice President, Sales, Marketing and Service from August 2007 to October 2007. Prior to joining Advanced Energy Industries, Mr. Wasserman served as the President, and later as Chief Executive Officer, of Tevet Process Controls Technologies, Inc., a semiconductor metrology company, from May 2002 to July 2007. Prior to that, he held senior executive and general management positions at Boxer Cross, a metrology company acquired by Applied Materials, Inc., Fusion Systems, a plasma strip company that is a division of Axcelis Technologies, Inc., and AG Associates, a semiconductor capital equipment company focused on rapid thermal processing. Mr. Wasserman started his career at National Semiconductor, Inc., where he held various engineering and management positions. Mr. Wasserman served as a director of Syncroness, Inc., an outsourced engineering and product development company, from 2010 to 2017. Mr. Wasserman is a National Association of Corporate Directors (NACD) Governance Fellow. Mr. Wasserman has a BSc degree in chemical engineering from BenGurion University in Israel.

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

Average tenure and age of the Advanced Energy Industries management team in years:

1
Average Tenure
55
Average Age
  • The average tenure for the Advanced Energy Industries management team is less than 2 years, this suggests a new team.
Management Team

Yuval Wasserman

TITLE
President
COMPENSATION
$4M
AGE
63
TENURE
4.7 yrs

Paul Oldham

TITLE
Executive VP & CFO
COMPENSATION
$1M
AGE
55
TENURE
1 yrs

Neil Brinker

TITLE
Executive VP & COO
COMPENSATION
$1M
AGE
42
TENURE
0.9 yrs

Tom McGimpsey

TITLE
Executive VP
COMPENSATION
$1M
AGE
56
TENURE
10.1 yrs

Isabel Yang

TITLE
Senior VP & Chief Technology Officer
TENURE
0.8 yrs

Edwin Mok

TITLE
Vice President of Strategic Marketing & Investor Relations
TENURE
0.7 yrs

Randy Heckman

TITLE
Senior Vice President of Business & Corporate Development
TENURE
1.3 yrs

Bill Trupkiewicz

TITLE
Vice President and Corporate Controller
COMPENSATION
$551K
AGE
54
TENURE
5.2 yrs

Dave McCarron

TITLE
Senior Vice President of Global Operations
TENURE
0.8 yrs

Mike McDonald

TITLE
Senior Vice President of Acquisition Integration
TENURE
0.3 yrs
Board of Directors Tenure

Average tenure and age of the Advanced Energy Industries board of directors in years:

4.5
Average Tenure
61
Average Age
  • The tenure for the Advanced Energy Industries board of directors is about average.
Board of Directors

Grant Beard

TITLE
Chairman of the Board
COMPENSATION
$481K
AGE
57
TENURE
3 yrs

Yuval Wasserman

TITLE
President
COMPENSATION
$4M
AGE
63
TENURE
4.6 yrs

Ed Grady

TITLE
Independent Director
COMPENSATION
$434K
AGE
71
TENURE
11 yrs

Fred Ball

TITLE
Independent Director
COMPENSATION
$445K
AGE
56
TENURE
10.6 yrs

Tom Rohrs

TITLE
Independent Director
COMPENSATION
$432K
AGE
67
TENURE
13 yrs

Ron Foster

TITLE
Independent Director
COMPENSATION
$432K
AGE
67
TENURE
4.5 yrs

John Roush

TITLE
Independent Director
COMPENSATION
$426K
AGE
53
TENURE
3 yrs

Tina Donikowski

TITLE
Independent Director
COMPENSATION
$411K
AGE
59
TENURE
1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Advanced Energy Industries'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. Advanced Energy Industries 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.

News

Simply Wall St News

Advanced Energy Industries, Inc. (NASDAQ:AEIS): Financial Strength Analysis

Mid-caps stocks, like Advanced Energy Industries, Inc. … Today we will look at AEIS’s financial liquidity and debt levels, which are strong indicators for whether the company can weather economic downturns or fund strategic acquisitions for future growth. … See our latest analysis for Advanced Energy Industries

Simply Wall St -

Calculating The Fair Value Of Advanced Energy Industries, Inc. (NASDAQ:AEIS)

by taking the expected future cash flows and discounting them to their present value. … We generally believe that a company's value is the present value of all of the cash it will generate in the future. … We use what is known as a 2-stage model, which simply means we have two different periods of growth rates for the company's cash flows

Simply Wall St -

Why You Should Buy Advanced Energy Industries, Inc. (NASDAQ:AEIS) In This Bear Market

Today I want to bring to light the market's darling - Advanced Energy Industries, Inc.. … Looking at its size, financial health and track record, I believe there's an opportunity with Advanced Energy Industries during these volatile times. … Advanced Energy Industries, Inc., together with its subsidiaries, designs, manufactures, sells, and supports power conversion, measurement, and control solutions that transform electrical power into various usable forms

Simply Wall St -

One Thing To Remember About The Advanced Energy Industries, Inc. (NASDAQ:AEIS) Share Price

Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

Advanced Energy Industries, Inc. (NASDAQ:AEIS) Is Employing Capital Very Effectively

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Return On Capital Employed (ROCE): What is it? … ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business.

Simply Wall St -

If You Had Bought Advanced Energy Industries Stock Five Years Ago, You Could Pocket A 92% Gain Today

To wit, the Advanced Energy Industries share price has climbed 92% in five years, easily topping the market return of 39% (ignoring dividends). … View our latest analysis for Advanced Energy Industries. … Over half a decade, Advanced Energy Industries managed to grow its earnings per share at 20% a year.

Simply Wall St -

What You Need To Know About Advanced Energy Industries, Inc.’s (NASDAQ:AEIS) Cash Situation

Today we will examine Advanced Energy Industries’s ability to generate cash flows, as well as the level of capital expenditure it is expected to incur over the next couple of years, which will result in how much money goes to you. … View our latest analysis for Advanced Energy Industries? … Free cash flow (FCF) is the amount of cash Advanced Energy Industries has left after it pays off its expenses, including its net capital expenditures, which is what the company needs to spend each year to maintain or grow its business operations.

Simply Wall St -

How Does Advanced Energy Industries, Inc.'s (NASDAQ:AEIS) Earnings Growth Stack Up Against Industry Performance?

Assessing Advanced Energy Industries, Inc.'s (NASDAQ:AEIS) performance as a company requires looking at more than just a years' earnings data. … Below, I will run you through a simple sense check to build perspective on how Advanced Energy Industries is doing by comparing its most recent earnings with its historical trend, in addition to the performance of its semiconductor industry peers. … However, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 20%, indicating the rate at which AEIS is growing has slowed down.

Simply Wall St -

Is Advanced Energy Industries, Inc. (NASDAQ:AEIS) Overpaying Its CEO?

Yuval Wasserman became the CEO of Advanced Energy Industries, Inc. … See our latest analysis for Advanced Energy Industries? … How Does Yuval Wasserman's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Is There Now An Opportunity In Advanced Energy Industries, Inc. (NASDAQ:AEIS)?

saw a double-digit share price rise of over 10% in the past couple of months on the NasdaqGS. … With many analysts covering the stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price? … Today I will analyse the most recent data on Advanced Energy Industries’s outlook and valuation to see if the opportunity still exists

Simply Wall St -

Company Info

Description

Advanced Energy Industries, Inc., together with its subsidiaries, designs, manufactures, sells, and supports power conversion, measurement, and control solutions that transform electrical power into various usable forms. 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 various applications, including 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 controls, aerospace, medical, and research industries; MIL-COTS power supplies for radar systems, communications equipment, and test and measurement equipment. Further, the company provides amplifiers, 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 markets and sells its products through direct sales force, independent sales representatives, and distributors in the North America, Europe, and Asia. Advanced Energy Industries, Inc. was founded in 1981 and is headquartered in Fort Collins, Colorado.

Details
Name: Advanced Energy Industries, Inc.
AEIS
Exchange: NasdaqGS
Founded: 1981
$1,926,318,697
38,235,782
Website: http://www.advancedenergy.com
Address: Advanced Energy Industries, Inc.
1625 Sharp Point Drive,
Fort Collins,
Colorado, 80525,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS AEIS Common Shares Nasdaq Global Select US USD 17. Nov 1995
DB AVX Common Shares Deutsche Boerse AG DE EUR 17. Nov 1995
Number of employees
Current staff
Staff numbers
2,259
Advanced Energy Industries employees.
Industry
Semiconductor Equipment
Semiconductors
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/25 23:32
End of day share price update: 2019/05/24 00:00
Last estimates confirmation: 2019/05/24
Last earnings filing: 2019/05/06
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.