NasdaqGS:AXTI

Stock Analysis Report

Executive Summary

AXT, Inc. researches, develops, and produces compound and single element semiconductor substrates.

Snowflake

Fundamentals

Flawless balance sheet and good value.


Similar Companies

Share Price & News

How has AXT's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-2.3%

NasdaqGS:AXTI

-0.8%

US Semiconductor

-0.02%

US Market


1 Year Return

-46.4%

NasdaqGS:AXTI

10.2%

US Semiconductor

1.6%

US Market

AXTI underperformed the Semiconductor industry which returned 10.7% over the past year.

AXTI underperformed the Market in United States of America which returned 1.9% over the past year.


Share holder returns

AXTIIndustryMarket
7 Day-2.3%-0.8%-0.02%
30 Day4.6%5.8%2.7%
90 Day-4.5%12.0%1.4%
1 Year-46.4%-46.4%12.3%10.2%3.8%1.6%
3 Year-22.6%-22.6%82.2%71.6%45.2%35.8%
5 Year49.6%49.6%122.9%100.2%61.8%44.1%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

AXT's share price is below the future cash flow value, and at a moderate discount (> 20%).

AXT's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

AXT is overvalued based on earnings compared to the US Semiconductor industry average.

AXT is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

AXT is good value based on expected growth next year.


Price Based on Value of Assets

AXT is good value based on assets compared to the US Semiconductor industry average.


Next Steps

Future Growth

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

104.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

AXT's revenue is expected to grow by 11.7% yearly, however this is not considered high growth (20% yearly).

AXT's earnings are expected to grow significantly at over 20% yearly.

AXT's revenue growth is expected to exceed the United States of America market average.

AXT's earnings growth is expected to exceed the United States of America market average.

AXT's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if AXT will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has AXT performed over the past 5 years?

57.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

AXT has delivered over 20% year on year earnings growth in the past 5 years.

AXT's 1-year earnings growth is negative, it can't be compared to the 5-year average.

AXT's 1-year earnings growth is negative, it can't be compared to the US Semiconductor industry average.


Return on Equity

AXT has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

AXT used its assets less efficiently than the US Semiconductor industry average last year based on Return on Assets.


Return on Capital Employed

AXT 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).


Next Steps

Financial Health

How is AXT's financial position?


Financial Position Analysis

AXT is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

AXT's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

AXT has no debt.

AXT currently has no debt however we can't compare to 5 years ago as we have no data for that period.

AXT has no debt, it does not need to be covered by operating cash flow.

AXT has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

High level of physical assets or inventory.

AXT has no debt, it does not need to be covered by short term assets.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

Unable to evaluate AXT's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate AXT's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as AXT has not reported any payouts.

Unable to verify if AXT's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as AXT 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.


Next Steps

Management

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

9.9yrs

Average management tenure


CEO

Morris Young (74yo)

10.2yrs

Tenure

US$1,791,719

Compensation

Dr. Morris S. Young, Ph.D. co-founded AXT Inc. in 1986 and has been its Chief Executive Officer since July 16, 2009. Dr. Young served as an Interim Chief Financial Officer and Corporate Secretary of AXT In ...


CEO Compensation Analysis

Morris's remuneration is higher than average for companies of similar size in United States of America.

Morris's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

9.9yrs

Average Tenure

67yo

Average Age

The average tenure for the AXT management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

17.6yrs

Average Tenure

75.5yo

Average Age

The average tenure for the AXT board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Gary Fischer (67yo)

    CFO, VP & Corporate Secretary

    • Tenure: 5.1yrs
    • Compensation: US$742.31k
  • Morris Young (74yo)

    Co-Founder

    • Tenure: 10.2yrs
    • Compensation: US$1.79m
  • Bob Ochrym (67yo)

    Vice President of Business Development

    • Tenure: 9.9yrs
    • Compensation: US$337.08k

Board Members

  • Morris Young (74yo)

    Co-Founder

    • Tenure: 10.2yrs
    • Compensation: US$1.79m
  • David Chang (77yo)

    Independent Director

    • Tenure: 18.8yrs
    • Compensation: US$122.00k
  • Jesse Chen (61yo)

    Non-Executive Chairman

    • Tenure: 10.5yrs
    • Compensation: US$143.50k
  • Len Leblanc (78yo)

    Independent Director

    • Tenure: 16.4yrs
    • Compensation: US$125.50k

Company Information

AXT, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: AXT, Inc.
  • Ticker: AXTI
  • Exchange: NasdaqGS
  • Founded: 1986
  • Industry: Semiconductor Equipment
  • Sector: Semiconductors
  • Market Cap: US$152.492m
  • Shares outstanding: 39.51m
  • Website: https://www.axt.com

Number of Employees


Location

  • AXT, Inc.
  • 4281 Technology Drive
  • Fremont
  • California
  • 94538
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AXTINasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDMay 1998
AHVDB (Deutsche Boerse AG)YesCommon StockDEEURMay 1998

Biography

AXT, Inc. researches, develops, and produces compound and single element semiconductor substrates. It produces semiconductor substrates using its proprietary vertical gradient freeze technology. The compan ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/18 23:30
End of Day Share Price2019/09/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.