CAMT Stock Overview
Camtek Ltd., together with its subsidiaries, develops, manufactures, and sells inspection and metrology equipment for the advanced interconnect packaging, memory, complementary metal oxide semiconductor image sensors, micro-electro mechanical systems, radio frequency, and other segments of the semiconductor industry.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$23.17|
|52 Week High||US$49.60|
|52 Week Low||US$22.89|
|1 Month Change||-14.19%|
|3 Month Change||-3.01%|
|1 Year Change||-43.23%|
|3 Year Change||138.87%|
|5 Year Change||320.51%|
|Change since IPO||286.17%|
Recent News & Updates
Camtek (NASDAQ:CAMT) Could Easily Take On More Debt
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
Camtek secures 9 systems orders from tier-1 customers for delivery in 2023
Camtek (NASDAQ:CAMT) has received orders for 9 systems from a Tier-1 OSAT and 8 systems for Heterogenous Integration applications from two Tier-1 players. The orders support a technology change in its industry. It received orders for 35 systems since August 1, most of which will be delivered in the first half of 2023.
Camtek's (NASDAQ:CAMT) Returns On Capital Are Heading Higher
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Camtek Ltd.'s (NASDAQ:CAMT) Intrinsic Value Is Potentially 22% Below Its Share Price
Does the August share price for Camtek Ltd. ( NASDAQ:CAMT ) reflect what it's really worth? Today, we will estimate the...
|CAMT||US Semiconductor||US Market|
Return vs Industry: CAMT underperformed the US Semiconductor industry which returned -27.7% over the past year.
Return vs Market: CAMT underperformed the US Market which returned -21.5% over the past year.
|CAMT Average Weekly Movement||6.1%|
|Semiconductor Industry Average Movement||7.8%|
|Market Average Movement||6.9%|
|10% most volatile stocks in US Market||15.6%|
|10% least volatile stocks in US Market||2.8%|
Stable Share Price: CAMT is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: CAMT's weekly volatility (6%) has been stable over the past year.
About the Company
Camtek Ltd., together with its subsidiaries, develops, manufactures, and sells inspection and metrology equipment for the advanced interconnect packaging, memory, complementary metal oxide semiconductor image sensors, micro-electro mechanical systems, radio frequency, and other segments of the semiconductor industry. It provides inspection and metrology systems, including Eagle-i, a system that delivers 2D inspection and metrology capabilities; Eagle-AP, which addresses the advanced packaging market using software and hardware technologies that deliver superior 2D and 3D inspection and metrology capabilities on the same platform; and Golden Eagle, a panel inspection and metrology system to support fanout wafer level packaging applications. The company sells its products in the Asia Pacific, the United States, and Europe.
Camtek Fundamentals Summary
|CAMT fundamental statistics|
Is CAMT overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|CAMT income statement (TTM)|
|Cost of Revenue||US$148.18m|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||1.55|
|Net Profit Margin||22.82%|
How did CAMT perform over the long term?See historical performance and comparison
Is CAMT undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 5/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for CAMT?
Other financial metrics that can be useful for relative valuation.
|What is CAMT's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does CAMT's PE Ratio compare to its peers?
|CAMT PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
UCTT Ultra Clean Holdings
ACMR ACM Research
VECO Veeco Instruments
Price-To-Earnings vs Peers: CAMT is good value based on its Price-To-Earnings Ratio (14.9x) compared to the peer average (18.5x).
Price to Earnings Ratio vs Industry
How does CAMT's PE Ratio compare vs other companies in the US Semiconductor Industry?
Price-To-Earnings vs Industry: CAMT is good value based on its Price-To-Earnings Ratio (14.9x) compared to the US Semiconductor industry average (15.3x)
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.
|Current PE Ratio||14.9x|
|Fair PE Ratio||16.2x|
Price-To-Earnings vs Fair Ratio: CAMT is good value based on its Price-To-Earnings Ratio (14.9x) compared to the estimated Fair Price-To-Earnings Ratio (16.2x).
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 ($23.17) is trading below our estimate of fair value ($29.42)
Significantly Below Fair Value: CAMT is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.
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How is Camtek forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Future Growth Score3/6
Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CAMT's forecast earnings growth (8% per year) is above the savings rate (1.9%).
Earnings vs Market: CAMT's earnings (8% per year) are forecast to grow slower than the US market (14.7% per year).
High Growth Earnings: CAMT's earnings are forecast to grow, but not significantly.
Revenue vs Market: CAMT's revenue (49.3% per year) is forecast to grow faster than the US market (7.6% per year).
High Growth Revenue: CAMT's revenue (49.3% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if CAMT's Return on Equity is forecast to be high in 3 years time
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How has Camtek performed over the past 5 years?
Past Performance Score5/6
Past Performance Score 5/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CAMT has a high level of non-cash earnings.
Growing Profit Margin: CAMT's current net profit margins (22.8%) are higher than last year (20%).
Past Earnings Growth Analysis
Earnings Trend: CAMT has become profitable over the past 5 years, growing earnings by 46.9% per year.
Accelerating Growth: CAMT's earnings growth over the past year (61.2%) exceeds its 5-year average (46.9% per year).
Earnings vs Industry: CAMT earnings growth over the past year (61.2%) exceeded the Semiconductor industry 54.4%.
Return on Equity
High ROE: CAMT's Return on Equity (20.4%) is considered high.
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How is Camtek's financial position?
Financial Health Score5/6
Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: CAMT's short term assets ($541.7M) exceed its short term liabilities ($86.3M).
Long Term Liabilities: CAMT's short term assets ($541.7M) exceed its long term liabilities ($202.1M).
Debt to Equity History and Analysis
Debt Level: CAMT has more cash than its total debt.
Reducing Debt: CAMT's debt to equity ratio has increased from 0.04% to 58% over the past 5 years.
Debt Coverage: CAMT's debt is well covered by operating cash flow (26.3%).
Interest Coverage: CAMT earns more interest than it pays, so coverage of interest payments is not a concern.
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What is Camtek current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Dividend Yield vs Market
|Camtek Dividend Yield vs Market|
|Market Bottom 25% (US)||1.7%|
|Market Top 25% (US)||4.7%|
|Industry Average (Semiconductor)||2.1%|
|Analyst forecast in 3 Years (Camtek)||0%|
Notable Dividend: Unable to evaluate CAMT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate CAMT's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if CAMT's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if CAMT's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: CAMT is not paying a notable dividend for the US market.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as CAMT has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Rafi Amit (73 yo)
Mr. Rafi Amit has been the Chief Executive Officer Camtek Ltd since January 2014. Mr. Amit has been the Chairman of the Board of Camtek Ltd. since June 3, 2019.He served as the President of Priortech Ltd....
CEO Compensation Analysis
|Rafi Amit's Compensation vs Camtek Earnings|
|Date||Total Comp.||Salary||Company Earnings|
|Jun 30 2022||n/a||n/a|
|Mar 31 2022||n/a||n/a|
|Dec 31 2021||US$2m||US$313k|
|Sep 30 2021||n/a||n/a|
|Jun 30 2021||n/a||n/a|
|Mar 31 2021||n/a||n/a|
|Dec 31 2020||US$1m||US$313k|
|Sep 30 2020||n/a||n/a|
|Jun 30 2020||n/a||n/a|
|Mar 31 2020||n/a||n/a|
|Dec 31 2019||US$1m||US$313k|
|Sep 30 2019||n/a||n/a|
|Jun 30 2019||n/a||n/a|
|Mar 31 2019||n/a||n/a|
|Dec 31 2018||US$831k||US$313k|
|Sep 30 2018||n/a||n/a|
|Jun 30 2018||n/a||n/a|
|Mar 31 2018||n/a||n/a|
|Dec 31 2017||US$670k||US$313k|
|Sep 30 2017||n/a||n/a|
|Jun 30 2017||n/a||n/a|
|Mar 31 2017||n/a||n/a|
|Dec 31 2016||US$626k||US$313k|
|Sep 30 2016||n/a||n/a|
|Jun 30 2016||n/a||n/a|
|Mar 31 2016||n/a||n/a|
Compensation vs Market: Rafi's total compensation ($USD1.51M) is below average for companies of similar size in the US market ($USD4.14M).
Compensation vs Earnings: Rafi's compensation has increased by more than 20% in the past year.
Experienced Management: CAMT's management team is considered experienced (4.8 years average tenure).
Experienced Board: CAMT's board of directors are considered experienced (3.6 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.
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Camtek Ltd.'s employee growth, exchange listings and data sources
- Name: Camtek Ltd.
- Ticker: CAMT
- Exchange: NasdaqGM
- Founded: 1987
- Industry: Semiconductor Equipment
- Sector: Semiconductors
- Implied Market Cap: US$1.026b
- Shares outstanding: 44.26m
- Website: https://www.camtek.com
Number of Employees
- Camtek Ltd.
- Ramat Gavriel Industrial Zone
- PO Box 544
- Migdal Haemek
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|CAMT||NasdaqGM (Nasdaq Global Market)||Yes||Ordinary Shares||US||USD||Jul 2000|
|CAMT||TASE (The Tel-Aviv Stock Exchange)||Yes||Ordinary Shares||IL||ILS||Jul 2000|
|CMZ||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jul 2000|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/30 00:00|
|End of Day Share Price||2022/09/30 00:00|
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.