Camtek Ltd.

NasdaqGM:CAMT Stock Report

Market Cap: US$3.4b

Camtek Valuation

Is CAMT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of CAMT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CAMT ($75.17) is trading above our estimate of fair value ($46.4)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CAMT?

Key metric: As CAMT is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for CAMT. This is calculated by dividing CAMT's market cap by their current earnings.
What is CAMT's PE Ratio?
PE Ratio32x
EarningsUS$106.30m
Market CapUS$3.40b

Price to Earnings Ratio vs Peers

How does CAMT's PE Ratio compare to its peers?

The above table shows the PE ratio for CAMT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19.9x
NVMI Nova
29.5x15.3%US$5.1b
ACLS Axcelis Technologies
10.4x-13.8%US$2.3b
FORM FormFactor
22.6x4.4%US$2.9b
AMKR Amkor Technology
17.1x30.7%US$6.3b
CAMT Camtek
32.1x23.8%US$3.4b

Price-To-Earnings vs Peers: CAMT is expensive based on its Price-To-Earnings Ratio (32.1x) compared to the peer average (19.9x).

Price to Earnings Ratio vs Industry

How does CAMT's PE Ratio compare vs other companies in the US Semiconductor Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
TOYO TOYO
4.5xn/aUS$148.87m
SQNS Sequans Communications
1.6x-156.5%US$67.23m
No more companies available in this PE range
CAMT 32.0xIndustry Avg. 30.1xNo. of Companies9PE020406080100+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CAMT is expensive based on its Price-To-Earnings Ratio (32.1x) compared to the US Semiconductor industry average (30.1x).

Price to Earnings Ratio vs Fair Ratio

What is CAMT's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CAMT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio32x
Fair PE Ratio27.6x

Price-To-Earnings vs Fair Ratio: CAMT is expensive based on its Price-To-Earnings Ratio (32.1x) compared to the estimated Fair Price-To-Earnings Ratio (27.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst CAMT forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$75.17
US$109.00
+45.0%
12.6%US$140.00US$95.00n/a8
Nov ’25US$74.21
US$109.88
+48.1%
12.3%US$140.00US$95.00n/a8
Oct ’25US$76.67
US$117.25
+52.9%
12.7%US$140.00US$99.00n/a8
Sep ’25US$91.02
US$120.50
+32.4%
12.0%US$140.00US$99.00n/a8
Aug ’25US$92.02
US$122.50
+33.1%
13.5%US$140.00US$95.00n/a8
Jul ’25US$127.80
US$120.63
-5.6%
14.0%US$150.00US$95.00n/a8
Jun ’25US$102.41
US$107.88
+5.3%
6.2%US$120.00US$95.00n/a8
May ’25US$78.88
US$93.71
+18.8%
5.1%US$102.00US$89.00n/a7
Apr ’25US$83.92
US$93.71
+11.7%
5.1%US$102.00US$89.00n/a7
Mar ’25US$81.74
US$93.71
+14.6%
5.1%US$102.00US$89.00n/a7
Feb ’25US$79.64
US$81.86
+2.8%
7.1%US$94.00US$75.00n/a7
Jan ’25US$69.38
US$72.29
+4.2%
5.2%US$77.00US$65.00n/a7
Dec ’24US$62.48
US$71.14
+13.9%
4.7%US$77.00US$65.00n/a7
Nov ’24US$53.40
US$60.86
+14.0%
11.0%US$70.00US$51.00US$74.217
Oct ’24US$62.26
US$59.29
-4.8%
11.1%US$70.00US$51.00US$76.677
Sep ’24US$60.50
US$57.14
-5.5%
12.2%US$67.00US$46.00US$91.027
Aug ’24US$47.05
US$52.86
+12.3%
6.2%US$56.00US$46.00US$92.027
Jul ’24US$35.63
US$33.71
-5.4%
12.1%US$40.00US$28.00US$127.807
Jun ’24US$28.97
US$33.71
+16.4%
12.1%US$40.00US$28.00US$102.417
May ’24US$26.57
US$35.17
+32.4%
11.7%US$40.00US$30.00US$78.886
Apr ’24US$28.35
US$35.20
+24.2%
12.8%US$40.00US$30.00US$83.925
Mar ’24US$27.71
US$34.00
+22.7%
14.4%US$40.00US$28.00US$81.746
Feb ’24US$26.85
US$30.00
+11.7%
19.3%US$40.00US$25.00US$79.646
Jan ’24US$21.96
US$29.67
+35.1%
21.0%US$40.00US$22.00US$69.386
Dec ’23US$24.12
US$29.67
+23.0%
21.0%US$40.00US$22.00US$62.486
Nov ’23US$22.99
US$33.50
+45.7%
25.6%US$49.00US$24.00US$53.406

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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