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Amtech Systems

Nasdaq:ASYS
Snowflake Description

Excellent balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ASYS
Nasdaq
$82M
Market Cap
  1. Home
  2. US
  3. Semiconductors
Company description

Amtech Systems, Inc. manufactures and sells capital equipment and related consumables for use in fabricating solar cells, light-emitting diodes (LEDs), and semiconductor devices in the United States, Europe, China, Malaysia, Taiwan, Germany, the Netherlands, France, and internationally. The last earnings update was 15 days ago. More info.


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ASYS Share Price and Events
7 Day Returns
-4.8%
NasdaqGS:ASYS
-6.5%
US Semiconductor
-2.1%
US Market
1 Year Returns
-35.5%
NasdaqGS:ASYS
-12.5%
US Semiconductor
1.3%
US Market
ASYS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Amtech Systems (ASYS) -4.8% -10.7% 17.3% -35.5% -14.3% -41.7%
US Semiconductor -6.5% -17.3% -5.5% -12.5% 65.5% 84.6%
US Market -2.1% -4.2% 0% 1.3% 33.5% 38%
1 Year Return vs Industry and Market
  • ASYS underperformed the Semiconductor industry which returned -12.5% over the past year.
  • ASYS underperformed the Market in United States of America which returned 1.3% over the past year.
Price Volatility
ASYS
Industry
5yr Volatility vs Market

Value

 Is Amtech Systems 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 Amtech Systems 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 Amtech Systems.

NasdaqGS:ASYS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.5%
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:ASYS
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))
= 1.14 (1 + (1- 21%) (6.97%))
1.136
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.14
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.136 * 5.96%)
9.5%

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

The calculations below outline how an intrinsic value for Amtech Systems 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:ASYS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.5%)
2019 9.22 Analyst x1 8.42
2020 0.87 Analyst x2 0.72
2021 0.14 Est @ -83.42% 0.11
2022 0.06 Est @ -57.58% 0.04
2023 0.04 Est @ -39.49% 0.02
2024 0.03 Est @ -26.82% 0.02
2025 0.02 Est @ -17.96% 0.01
2026 0.02 Est @ -11.75% 0.01
2027 0.02 Est @ -7.41% 0.01
2028 0.02 Est @ -4.37% 0.01
Present value of next 10 years cash flows $9.37
NasdaqGS:ASYS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $0.02 × (1 + 2.73%) ÷ (9.5% – 2.73%)
$0.26
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $0.26 ÷ (1 + 9.5%)10
$0.11
NasdaqGS:ASYS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $9.37 + $0.11
$9.48
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $9.48 / 14.24
$0.67
NasdaqGS:ASYS Discount to Share Price
Calculation Result
Value per share (USD) From above. $0.67
Current discount Discount to share price of $5.76
= -1 x ($5.76 - $0.67) / $0.67
-765.2%

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

  • The current share price of Amtech Systems 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 Amtech Systems's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Amtech Systems's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:ASYS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.26
NasdaqGS:ASYS Share Price ** NasdaqGS (2019-05-24) in USD $5.76
United States of America Semiconductor Industry PE Ratio Median Figure of 69 Publicly-Listed Semiconductor Companies 20.57x
United States of America Market PE Ratio Median Figure of 3,082 Publicly-Listed Companies 17.36x

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

** Primary Listing of Amtech Systems.

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

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

= 5.76 ÷ 0.26

22x

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

  • Amtech Systems is overvalued based on earnings compared to the US Semiconductor industry average.
  • Amtech Systems is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Amtech Systems's expected growth come at a high price?
Raw Data
NasdaqGS:ASYS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 22x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
70.7%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 2,120 Publicly-Listed Companies 1.5x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 22x ÷ 70.7%

0.31x

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

  • Amtech Systems is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Amtech Systems's assets?
Raw Data
NasdaqGS:ASYS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $5.95
NasdaqGS:ASYS Share Price * NasdaqGS (2019-05-24) in USD $5.76
United States of America Semiconductor Industry PB Ratio Median Figure of 107 Publicly-Listed Semiconductor Companies 2.44x
United States of America Market PB Ratio Median Figure of 5,207 Publicly-Listed Companies 1.8x
NasdaqGS:ASYS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 5.76 ÷ 5.95

0.97x

* Primary Listing of Amtech Systems.

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

  • Amtech Systems is good value based on assets compared to the US Semiconductor industry average.
X
Value checks
We assess Amtech Systems'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. Amtech Systems has a total score of 2/6, 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 Amtech Systems expected to perform in the next 1 to 3 years based on estimates from 3 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
70.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Amtech Systems expected to grow at an attractive rate?
  • Amtech Systems's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Amtech Systems's earnings growth is expected to exceed the United States of America market average.
  • Amtech Systems's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:ASYS Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:ASYS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 70.7%
NasdaqGS:ASYS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts -21.5%
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:ASYS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:ASYS Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-09-30 98 1 5 2
2019-09-30 89 10 0 3
NasdaqGS:ASYS Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 172 21 4
2018-12-31 173 21 4
2018-09-30 176 7 5
2018-06-30 144 -18 15
2018-03-31 151 -17 13
2017-12-31 162 1 11
2017-09-30 165 12 9
2017-06-30 152 11 2
2017-03-31 138 8 -3
2016-12-31 127 -2 -3
2016-09-30 120 -10 -7
2016-06-30 106 -7 -5

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Amtech Systems's earnings are expected to grow significantly at over 20% yearly.
  • Amtech Systems's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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:ASYS 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 3 Analyst Estimates (S&P Global) See Below

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

NasdaqGS:ASYS Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-09-30 0.20 0.20 0.20 1.00
2019-09-30 0.03 0.04 0.01 2.00
NasdaqGS:ASYS Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.26
2018-12-31 0.26
2018-09-30 0.36
2018-06-30 1.03
2018-03-31 0.94
2017-12-31 0.79
2017-09-30 0.68
2017-06-30 0.12
2017-03-31 -0.23
2016-12-31 -0.23
2016-09-30 -0.53
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 Amtech Systems will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Amtech Systems'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.
Amtech Systems has a total score of 3/6, 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 Amtech Systems 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 Amtech Systems'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.
  • Amtech Systems has delivered over 20% year on year earnings growth in the past 5 years.
  • Amtech Systems's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Amtech Systems's 1-year earnings growth is negative, it can't be compared to the US Semiconductor industry average.
Earnings and Revenue History
Amtech Systems'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 Amtech Systems Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:ASYS Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 172.05 3.80 37.21 7.93
2018-12-31 172.54 3.85 37.74 7.99
2018-09-30 176.43 5.31 37.54 7.80
2018-06-30 144.11 15.05 32.05 5.36
2018-03-31 150.67 13.37 32.62 4.66
2017-12-31 162.50 10.89 34.56 5.42
2017-09-30 164.52 9.13 35.14 6.37
2017-06-30 152.25 1.53 35.62 6.58
2017-03-31 137.83 -2.97 34.18 6.72
2016-12-31 127.37 -3.05 33.37 7.34
2016-09-30 120.31 -7.01 33.97 8.00
2016-06-30 106.10 -5.37 28.22 9.04
2016-03-31 112.77 -5.77 29.61 8.78
2015-12-31 114.56 -6.59 30.24 7.37
2015-09-30 104.88 -7.77 29.03 6.92
2015-06-30 96.51 -12.36 28.33 5.74
2015-03-31 65.68 -16.02 22.28 5.83
2014-12-31 54.13 -17.45 19.38 7.24
2014-09-30 56.50 -13.05 17.12 6.29
2014-06-30 43.60 -11.49 16.45 5.98
2014-03-31 44.81 -18.33 17.89 6.53
2013-12-31 40.21 -16.67 16.68 6.32
2013-09-30 34.80 -20.07 16.83 6.59
2013-06-30 38.82 -32.50 18.04 9.00
2013-03-31 52.72 -23.36 18.96 10.75
2012-12-31 66.17 -26.35 21.04 12.10
2012-09-30 81.54 -23.03 23.06 13.69
2012-06-30 130.46 -5.85 27.86 11.81

*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.
  • Amtech Systems has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Amtech Systems used its assets less efficiently than the US Semiconductor industry average last year based on Return on Assets.
  • Amtech Systems has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Amtech Systems'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.
Amtech Systems 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 Amtech Systems'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 Amtech Systems's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Amtech Systems is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Amtech Systems's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Amtech Systems'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 19.8x 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 Amtech Systems Company Filings, last reported 1 month ago.

NasdaqGS:ASYS Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 84.70 5.72 47.92
2018-12-31 90.35 8.26 55.97
2018-09-30 93.09 8.33 58.33
2018-06-30 106.42 8.40 48.73
2018-03-31 102.91 8.59 50.50
2017-12-31 98.93 8.59 52.70
2017-09-30 90.48 8.50 51.12
2017-06-30 68.10 10.55 39.16
2017-03-31 63.36 10.15 38.86
2016-12-31 64.39 10.12 23.64
2016-09-30 65.34 10.23 27.66
2016-06-30 65.72 10.35 28.29
2016-03-31 67.04 10.10 31.82
2015-12-31 68.01 10.06 22.62
2015-09-30 72.65 9.37 25.85
2015-06-30 71.59 9.31 23.72
2015-03-31 72.13 9.22 32.61
2014-12-31 49.75 2.03 28.55
2014-09-30 53.59 0.00 27.37
2014-06-30 58.41 0.00 31.64
2014-03-31 63.65 0.00 36.65
2013-12-31 66.76 0.00 30.34
2013-09-30 66.80 0.00 37.20
2013-06-30 67.41 0.00 38.81
2013-03-31 77.84 0.00 38.81
2012-12-31 81.61 0.00 42.62
2012-09-30 84.05 0.00 46.73
2012-06-30 107.05 0.00 42.33
  • Amtech Systems's level of debt (6.7%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 6.7% today).
  • Debt is well covered by operating cash flow (371.5%, greater than 20% of total debt).
  • Amtech Systems earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Amtech Systems'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. Amtech Systems 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 Amtech Systems'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 Amtech Systems dividends.
If you bought $2,000 of Amtech Systems 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 Amtech Systems's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Amtech Systems'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:ASYS 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 3 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 2008 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:ASYS Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-09-30
2019-09-30

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

  • Unable to perform a dividend volatility check as Amtech Systems has not reported any payouts.
  • Unable to verify if Amtech Systems's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Amtech Systems's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Amtech Systems 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 Amtech Systems'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 Amtech Systems afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Amtech Systems 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 Amtech Systems'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
Jong Whang
COMPENSATION $326,014
AGE 72
TENURE AS CEO 0.4 years
CEO Bio

Mr. Jong S. Whang serves as Executive Chairman at Amtech Systems, Inc. since January 2012 and as its Chief Executive Officer since December 6, 2018. He has been a Director of Amtech Systems, Inc., since its inception in 1981, and Mr. Whang is founder of Amtech Systems. Mr. Whang served as Chief Executive Officer since its inception in 1981 until January 2012. In addition, Mr. Whang previously served as President at Amtech Systems, Inc. until March 2010. Mr. Whang’s responsibilities include establishing the strategic vision for Amtech and assisting in the marketing effort for solar and semiconductor equipment business and business opportunities in those industries. He has experience in the solar and semiconductor industries, including time spent in both processing and manufacturing of equipment systems.

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

Average tenure and age of the Amtech Systems management team in years:

1.5
Average Tenure
55
Average Age
  • The average tenure for the Amtech Systems management team is less than 2 years, this suggests a new team.
Management Team

Jong Whang

TITLE
Executive Chairman & CEO
COMPENSATION
$326K
AGE
72
TENURE
0.4 yrs

Robert Hass

TITLE
Executive Vice President
COMPENSATION
$274K
AGE
67
TENURE
2.5 yrs

Lisa Gibbs

TITLE
VP & CFO
AGE
43
TENURE
0.2 yrs

Michael Whang

TITLE
VP & COO
AGE
46
TENURE
0.2 yrs

Jan-Marc Luchies

TITLE
Chief Technology Officer
TENURE
3 yrs

Bill Rehkow

TITLE
Director of Sales and Marketing

Albert Hasper

TITLE
Managing Director of Amtech Europe
AGE
55
TENURE
3 yrs
Board of Directors Tenure

Average tenure and age of the Amtech Systems board of directors in years:

12.3
Average Tenure
66
Average Age
  • The average tenure for the Amtech Systems board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Jong Whang

TITLE
Executive Chairman & CEO
COMPENSATION
$326K
AGE
72
TENURE
7.3 yrs

Robert King

TITLE
Director
COMPENSATION
$72K
AGE
85
TENURE
16 yrs

Rob Averick

TITLE
Director
COMPENSATION
$70K
AGE
52
TENURE
14.3 yrs

Mike Garnreiter

TITLE
Director
COMPENSATION
$86K
AGE
66
TENURE
12.3 yrs

Sukesh Mohan

TITLE
Director
COMPENSATION
$71K
AGE
51
TENURE
4.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Amtech Systems'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. Amtech Systems 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

What Can We Learn From Amtech Systems, Inc.’s (NASDAQ:ASYS) Investment Returns?

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Amtech Systems: 0.09 = US$8.4m ÷ (US$132m - US$38m) (Based on the trailing twelve months to March 2019.) Therefore, Amtech Systems has an ROCE of 9.0%. … Do Amtech Systems's Current Liabilities Skew Its ROCE? … Our Take On Amtech Systems's ROCE If Amtech Systems continues to earn an uninspiring ROCE, there may be better places to invest.

Simply Wall St -

Do Institutions Own Amtech Systems, Inc. (NASDAQ:ASYS) Shares?

With a market capitalization of US$76m, Amtech Systems is a small cap stock, so it might not be well known by many institutional investors. … institutional investors have bought into the company. … See our latest analysis for Amtech Systems

Simply Wall St -

Amtech Systems, Inc.’s (NASDAQ:ASYS) Investment Returns Are Lagging Its Industry

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Understanding Return On Capital Employed (ROCE). … 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 -

Looking At Amtech Systems Inc (NASDAQ:ASYS) From All Angles

Building up an investment case requires looking at a stock holistically. … Today I've chosen to put the spotlight on Amtech Systems Inc (NASDAQ:ASYS) due to its excellent fundamentals in more than one area. … If you're interested in understanding beyond my high-level commentary,

Simply Wall St -

Could The Amtech Systems Inc (NASDAQ:ASYS) Ownership Structure Tell Us Something Useful?

The big shareholder groups in Amtech Systems Inc (NASDAQ:ASYS) have power over the company. … Amtech Systems is not a large company by global standards. … Taking a look at the our data on the ownership groups (below), it's seems that.

Simply Wall St -

Is Amtech Systems Inc (NASDAQ:ASYS) Attractive At This PE Ratio?

While this makes ASYS appear like a great stock to buy, you might change your mind after I explain the assumptions behind the P/E ratio. … I will deconstruct the P/E ratio and highlight what you need to be careful of when using the P/E ratio … Breaking down the Price-Earnings ratio

Simply Wall St -

What Should Investors Know About Amtech Systems Inc's (NASDAQ:ASYS) Capital Returns?

This share represents a portion of capital used by the company to operate the business, and it is important the company is able to use the capital base efficiently to create adequate cash flows for you as an investor. … You need to pay attention to this because your return on investment is linked to dividends and internal investments to improve the business, which can only occur if the company is expected to produce adequate earnings with the capital that has been provided. … Thus, to understand how your money can grow by investing in Amtech Systems, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE)

Simply Wall St -

How Financially Strong Is Amtech Systems Inc (NASDAQ:ASYS)?

While small-cap stocks, such as Amtech Systems Inc (NASDAQ:ASYS) with its market cap of US$103.97m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn.

Simply Wall St -

What Does Amtech Systems Inc's (NASDAQ:ASYS) Share Price Indicate?

Amtech Systems Inc (NASDAQ:ASYS), a semiconductor company based in United States,. … Today I will analyse the most recent data on Amtech Systems’s outlook and valuation to see if the opportunity still exists? … Check out our latest analysis for Amtech Systems?

Simply Wall St -

Does Amtech Systems Inc's (NASDAQ:ASYS) PE Ratio Warrant A Buy?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for ASYS Price per share = $7.4 Earnings per share = $1.135 ∴ Price-Earnings Ratio = $7.4 ÷ $1.135 = 6.5x The P/E ratio itself doesn’t tell you a lot; however, it becomes very insightful when you compare it with other similar companies. … For example, if you are inadvertently comparing lower risk firms with ASYS, then ASYS’s P/E would naturally be lower than its peers, since investors would value those with lower risk with a higher price. … If this assumption does not hold true, ASYS’s lower P/E ratio may be because firms in our peer group are being overvalued by the market.

Simply Wall St -

Company Info

Description

Amtech Systems, Inc. manufactures and sells capital equipment and related consumables for use in fabricating solar cells, light-emitting diodes (LEDs), and semiconductor devices in the United States, Europe, China, Malaysia, Taiwan, Germany, the Netherlands, France, and internationally. The company operates through three segments: Solar, Semiconductor, and Polishing. The Solar segment supplies thermal processing systems, including diffusion, plasma-enhanced chemical vapor deposition, and atomic layer deposition systems; and automation equipment comprising mass wafer transfer systems, sorters, long-boat transfer systems, load station elevators, buffers, and conveyers, as well as related parts and services. The Semiconductor segment designs, manufactures, sells, and services thermal processing equipment, including solder reflow equipment and related controls for use by various semiconductor manufacturers, as well as in electronics assembly for automotive and other industries. Its products include horizontal and vertical diffusion furnaces used to produce semiconductors, silicon wafers, and microelectromechanical systems, as well as lapping equipment, polishing templates and wafer insert carriers, mass wafer transfer systems, loaders, and sorters. The Polishing segment provides silicon wafers for semiconductor products; sapphire substrates for LED lighting and mobile devices; silicon carbide wafers for LED and power device applications; various glass and silica components for 3D image transmission; quartz and ceramic components for telecommunications devices; and medical device components, and optical and photonics applications. The company sells its products through sales personnel, as well as a network of independent sales representatives and distributors. The company was formerly known as Quartz Engineering & Materials, Inc. and changed its name to Amtech Systems, Inc. in 1987. Amtech Systems, Inc. was founded in 1981 and is headquartered in Tempe, Arizona.

Details
Name: Amtech Systems, Inc.
ASYS
Exchange: NasdaqGS
Founded: 1981
$82,022,152
14,239,957
Website: http://www.amtechsystems.com
Address: Amtech Systems, Inc.
131 South Clark Drive,
Tempe,
Arizona, 85281,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS ASYS Common Stock Nasdaq Global Select US USD 02. Aug 1983
DB AS3 Common Stock Deutsche Boerse AG DE EUR 02. Aug 1983
Number of employees
Current staff
Staff numbers
468
Amtech Systems employees.
Industry
Semiconductor Equipment
Semiconductors
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/24 23:33
End of day share price update: 2019/05/24 00:00
Last estimates confirmation: 2019/05/14
Last earnings filing: 2019/05/09
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/09/30


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.