AXT, Inc. researches, develops, and produces compound and single element semiconductor substrates.
Adequate balance sheet with reasonable growth potential.
Share Price & News
How has AXT's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: AXTI's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: AXTI underperformed the US Semiconductor industry which returned 35.6% over the past year.
Return vs Market: AXTI underperformed the US Market which returned 17.9% over the past year.
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
1 week ago | Simply Wall StAXT (NASDAQ:AXTI) Shareholders Have Enjoyed A 61% Share Price Gain
1 month ago | Simply Wall StWhat Kind Of Investor Owns Most Of AXT, Inc. (NASDAQ:AXTI)?
1 month ago | Simply Wall StDoes AXT, Inc. (NASDAQ:AXTI) Have A Volatile Share Price?
Is AXT undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: AXTI ($3.77) is trading below our estimate of fair value ($7.47)
Significantly Below Fair Value: AXTI is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: AXTI is unprofitable, so we can't compare its PE Ratio to the Semiconductor industry average.
PE vs Market: AXTI is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate AXTI's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: AXTI is good value based on its PB Ratio (0.8x) compared to the US Semiconductor industry average (3.1x).
How is AXT forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AXTI is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.7%).
Earnings vs Market: AXTI is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: AXTI's is expected to become profitable in the next 3 years.
Revenue vs Market: AXTI's revenue (11.6% per year) is forecast to grow faster than the US market (7.6% per year).
High Growth Revenue: AXTI's revenue (11.6% 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 AXTI's Return on Equity is forecast to be high in 3 years time
How has AXT performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AXTI is currently unprofitable.
Growing Profit Margin: AXTI is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: AXTI is unprofitable, but has reduced losses over the past 5 years at a rate of 30.2% per year.
Accelerating Growth: Unable to compare AXTI's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: AXTI is unprofitable, making it difficult to compare its past year earnings growth to the Semiconductor industry (-28.7%).
Return on Equity
High ROE: AXTI has a negative Return on Equity (-0.82%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
How is AXT's financial position?
Financial Position Analysis
Short Term Liabilities: AXTI's short term assets ($113.2M) exceed its short term liabilities ($27.5M).
Long Term Liabilities: AXTI's short term assets ($113.2M) exceed its long term liabilities ($3.1M).
Debt to Equity History and Analysis
Debt Level: AXTI's debt to equity ratio (2.8%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if AXTI's debt to equity ratio has reduced over the past 5 years.
Inventory Level: AXTI has a high level of physical assets or inventory.
Debt Coverage by Assets: AXTI's debt is covered by short term assets (assets are 20.8x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: AXTI has been profitable on average in the past, therefore cash runway is not a concern.
Forecast Cash Runway: AXTI has been profitable on average in the past, therefore cash runway is not a concern.
What is AXT's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate AXTI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate AXTI's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if AXTI's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if AXTI'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 AXTI's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Morris Young (74yo)
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
Compensation vs Market: Morris's total compensation ($USD1.79M) is above average for companies of similar size in the US market ($USD522.48K).
Compensation vs Earnings: Morris's compensation has increased whilst the company is unprofitable.
|Director||0.2yrs||no data||no data|
|Independent Director||19.2yrs||US$122.00k||0.44% $650.0k|
|Non-Executive Chairman||10.9yrs||US$143.50k||0.33% $485.2k|
|Independent Director||16.8yrs||US$125.50k||0.39% $578.9k|
Experienced Board: AXTI's board of directors are seasoned and experienced ( 16.8 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
AXT, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: AXT, Inc.
- Ticker: AXTI
- Exchange: NasdaqGS
- Founded: 1986
- Industry: Semiconductor Equipment
- Sector: Semiconductors
- Market Cap: US$148.997m
- Shares outstanding: 39.52m
- Website: https://www.axt.com
Number of Employees
- AXT, Inc.
- 4281 Technology Drive
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|AXTI||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||May 1998|
|AHV||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||May 1998|
AXT, Inc. researches, develops, and produces compound and single element semiconductor substrates. It produces semiconductor substrates using its proprietary vertical gradient freeze technology. The company offers indium phosphide (InP) for use in fiber optic lasers and detectors, passive optical networks, data center connectivity, silicon photonics, photonic integrated circuits, terrestrial solar cells, radio frequency amplifier and switching, infrared light-emitting diode (LEDs) motion control, and infrared thermal imaging. It also provides semi-insulating gallium arsenide (GaAs) substrates for applications in power amplifiers, direct broadcast television, transistors, satellite communications, and solar cells; and semi-conducting GaAs substrates that are used in 3-D sensing, data center communication, high brightness LEDs, lasers, near-infrared sensors, printer head lasers and LEDs, optical couplers, solar cells, and night vision goggles, as well as laser machining, cutting, and drilling. In addition, the company offers germanium (Ge) substrates for use in satellite solar cells, optical sensors and detectors, terrestrial concentrated photo voltaic cells, multi-junction solar cells for satellites, and infrared detectors. Further, it provides materials, including raw gallium, gallium alloys, InP poly-crystal, high purity gallium, arsenic, Ge, Ge dioxide, pyrolytic boron nitride crucibles, and boron oxide. AXT, Inc. sells its products through direct salesforce in the United States, China, and Europe, as well as through independent sales representatives and distributors in Japan, Taiwan, Korea, and internationally. The company was formerly known as American Xtal Technology, Inc. and changed its name to AXT, Inc. in July 2000. AXT, Inc. was founded in 1986 and is headquartered in Fremont, California.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/22 23:55|
|End of Day Share Price||2020/02/21 00:00|