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Market Cap

US$1.4b

Last Updated

2021/04/12 22:05 UTC

Data Sources

Company Financials +

Executive Summary

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. More Details


Snowflake Analysis

Flawless balance sheet with reasonable growth potential.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: CAMT is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: CAMT's weekly volatility (9%) has been stable over the past year.


Market Performance


7 Day Return

2.6%

CAMT

2.0%

US Semiconductor

2.1%

US Market


1 Year Return

239.3%

CAMT

91.7%

US Semiconductor

56.3%

US Market

Return vs Industry: CAMT exceeded the US Semiconductor industry which returned 91.7% over the past year.

Return vs Market: CAMT exceeded the US Market which returned 56.3% over the past year.


Shareholder returns

CAMTIndustryMarket
7 Day2.6%2.0%2.1%
30 Day7.0%9.8%2.4%
90 Day45.4%9.4%6.8%
1 Year239.3%239.3%94.7%91.7%59.1%56.3%
3 Year375.2%358.0%124.9%113.3%65.7%55.1%
5 Year1,618.5%1,520.5%345.9%302.8%122.3%97.7%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Camtek undervalued compared to its fair value and its price relative to the market?

61.54x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CAMT ($32.73) is trading above our estimate of fair value ($8.01)

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


Price To Earnings Ratio

PE vs Industry: CAMT is poor value based on its PE Ratio (59.2x) compared to the US Semiconductor industry average (40.7x).

PE vs Market: CAMT is poor value based on its PE Ratio (59.2x) compared to the US market (22.3x).


Price to Earnings Growth Ratio

PEG Ratio: CAMT is poor value based on its PEG Ratio (1.8x)


Price to Book Ratio

PB vs Industry: CAMT is overvalued based on its PB Ratio (6.2x) compared to the US Semiconductor industry average (5.3x).


Future Growth

How is Camtek forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

33.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CAMT's forecast earnings growth (33.7% per year) is above the savings rate (2%).

Earnings vs Market: CAMT's earnings (33.7% per year) are forecast to grow faster than the US market (18.6% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: CAMT's revenue (16.6% per year) is forecast to grow faster than the US market (9.9% per year).

High Growth Revenue: CAMT's revenue (16.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CAMT's Return on Equity is forecast to be low in 3 years time (16.9%).


Past Performance

How has Camtek performed over the past 5 years?

56.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CAMT has high quality earnings.

Growing Profit Margin: CAMT's current net profit margins (14%) are lower than last year (15.5%).


Past Earnings Growth Analysis

Earnings Trend: CAMT has become profitable over the past 5 years, growing earnings by 56.7% per year.

Accelerating Growth: CAMT's earnings growth over the past year (4.8%) is below its 5-year average (56.7% per year).

Earnings vs Industry: CAMT earnings growth over the past year (4.8%) underperformed the Semiconductor industry 30%.


Return on Equity

High ROE: CAMT's Return on Equity (9.6%) is considered low.


Financial Health

How is Camtek's financial position?


Financial Position Analysis

Short Term Liabilities: CAMT's short term assets ($261.9M) exceed its short term liabilities ($57.4M).

Long Term Liabilities: CAMT's short term assets ($261.9M) exceed its long term liabilities ($3.3M).


Debt to Equity History and Analysis

Debt Level: CAMT is debt free.

Reducing Debt: CAMT had no debt 5 years ago.

Debt Coverage: CAMT has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: CAMT has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Camtek current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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.


Current Payout to Shareholders

Dividend Coverage: CAMT is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CAMT's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.4yrs

Average management tenure


CEO

Rafi Amit (71 yo)

7.25yrs

Tenure

US$1,217,735

Compensation

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 has served as the President of Priortech ...


CEO Compensation Analysis

Compensation vs Market: Rafi's total compensation ($USD1.22M) is below average for companies of similar size in the US market ($USD3.67M).

Compensation vs Earnings: Rafi's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: CAMT's management team is considered experienced (3.4 years average tenure).


Board Members

Experienced Board: CAMT's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.


Ownership

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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 12%.


Top Shareholders

Company Information

Camtek Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Camtek Ltd.
  • Ticker: CAMT
  • Exchange: NasdaqGM
  • Founded: 1987
  • Industry: Semiconductor Equipment
  • Sector: Semiconductors
  • Market Cap: US$1.417b
  • Shares outstanding: 43.30m
  • Website: https://www.camtek.com

Number of Employees


Location

  • Camtek Ltd.
  • Ramat Gavriel Industrial Zone
  • PO Box 544
  • Migdal Haemek
  • 23150
  • Israel

Listings


Biography

Camtek Ltd., together with its subsidiaries, develops, manufactures, and sells inspection and metrology equipment for the advanced interconnect packaging, memory, complementary metal oxide semiconductor im...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/12 22:05
End of Day Share Price2021/04/12 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.