OTCPK:AIXX.F

Stock Analysis Report

Executive Summary

AIXTRON SE, together with its subsidiaries, provides deposition equipment to the semiconductor industry worldwide.

Snowflake

Fundamentals

Flawless balance sheet and slightly overvalued.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

5.5%

AIXX.F

-0.9%

US Semiconductor

0.07%

US Market


1 Year Return

17.7%

AIXX.F

23.5%

US Semiconductor

8.9%

US Market

Return vs Industry: AIXX.F underperformed the US Semiconductor industry which returned 23.5% over the past year.

Return vs Market: AIXX.F exceeded the US Market which returned 8.9% over the past year.


Shareholder returns

AIXX.FIndustryMarket
7 Day5.5%-0.9%0.07%
30 Day-2.3%1.9%-0.3%
90 Day13.2%-1.3%-1.6%
1 Year17.7%17.7%26.0%23.5%11.3%8.9%
3 Year77.4%77.4%80.4%69.8%46.3%36.8%
5 Year-15.3%-15.3%129.7%106.0%62.1%44.3%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

23.39x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: AIXX.F ($10.75) is trading above our estimate of fair value ($3.2)

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


Price To Earnings Ratio

PE vs Industry: AIXX.F is good value based on its PE Ratio (23.4x) compared to the Semiconductor industry average (27.5x).

PE vs Market: AIXX.F is poor value based on its PE Ratio (23.4x) compared to the US market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: AIXX.F is poor value based on its PEG Ratio (1.8x)


Price to Book Ratio

PB vs Industry: AIXX.F is good value based on its PB Ratio (2.4x) compared to the US Semiconductor industry average (2.7x).


Next Steps

Future Growth

How is AIXTRON forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

13.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AIXX.F's forecast earnings growth (13.2% per year) is above the savings rate (2.7%).

Earnings vs Market: AIXX.F's earnings (13.2% per year) are forecast to grow slower than the US market (14.5% per year).

High Growth Earnings: AIXX.F's earnings are forecast to grow, but not significantly.

Revenue vs Market: AIXX.F's revenue (8.5% per year) is forecast to grow faster than the US market (7.2% per year).

High Growth Revenue: AIXX.F's revenue (8.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: AIXX.F's Return on Equity is forecast to be low in 3 years time (6.9%).


Next Steps

Past Performance

How has AIXTRON performed over the past 5 years?

63.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: AIXX.F has become profitable over the past 5 years, growing earnings by 63.1% per year.

Accelerating Growth: AIXX.F's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: AIXX.F had negative earnings growth (-3.5%) over the past year, making it difficult to compare to the Semiconductor industry average (-6.2%).


Return on Equity

High ROE: AIXX.F's Return on Equity (10.2%) is considered low.


Return on Assets

ROA vs Industry: AIXX.F has a higher Return on Assets than the Semiconductor industry average last year.


Return on Capital Employed

ROCE Improving: AIXX.F's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is AIXTRON's financial position?


Financial Position Analysis

Short Term Liabilities: AIXX.F's short term assets (€376.1M) exceeds its short term liabilities (€76.1M)

Long Term Liabilities: AIXX.F's short term assets (376.1M) exceeds its long term liabilities (4.7M)


Debt to Equity History and Analysis

Debt Level: AIXX.F is debt free.

Reducing Debt: AIXX.F has not had any debt for past 5 years.

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

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


Balance Sheet

Inventory Level: AIXX.F has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if AIXX.F's debt is covered by short term assets.


Next Steps

Dividend

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


Dividend Yield vs Market

company0%marketbottom25%1.4%markettop25%3.7%industryaverage2.2%forecastin3Years0%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate AIXX.F's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate AIXX.F's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if AIXX.F's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if AIXX.F's dividend payments have been increasing.


Current Payout to Shareholders

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


Future Payout to Shareholders

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


Next Steps

Management

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

2.1yrs

Average board tenure


CEO

AIXTRON has no CEO, or we have no data on them.


Board Age and Tenure

2.1yrs

Average Tenure

59yo

Average Age

Experienced Board: AIXX.F's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Bernd Schulte (57yo)

    President & Member of the Executive Board

    • Tenure: 2.1yrs
    • Compensation: €1.59m
  • Guido Pickert

    VP of Investor Relations & Corporate Communication

    • Tenure: 0yrs
  • Felix Grawert (44yo)

    President & Member of the Executive Board

    • Tenure: 2.1yrs
    • Compensation: €1.54m
  • Charles Russell

    Chief Accounting Officer

    • Tenure: 0yrs

Board Members

  • Kim Schindelhauer (66yo)

    Chairman of the Supervisory Board

    • Tenure: 2.1yrs
    • Compensation: €180.00k
  • Frits van Hout (59yo)

    Deputy Chairman of the Supervisory Board

    • Tenure: 0.4yrs
  • Petra Denk (47yo)

    Member of Supervisory Board

    • Tenure: 8.4yrs
    • Compensation: €60.00k
  • Andreas Biagosch (64yo)

    Member of Supervisory Board

    • Tenure: 6.4yrs
    • Compensation: €60.00k
  • Anna Gersbacher (35yo)

    Member of the Supervisory Board

    • Tenure: 0.4yrs

Company Information

AIXTRON SE's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: AIXTRON SE
  • Ticker: AIXX.F
  • Exchange: OTCPK
  • Founded: 1983
  • Industry: Semiconductor Equipment
  • Sector: Semiconductors
  • Market Cap: €1.073b
  • Listing Market Cap: €1.196b
  • Shares outstanding: 111.84m
  • Website: https://www.aixtron.com

Number of Employees


Location

  • AIXTRON SE
  • Dornkaulstrasse 2
  • Herzogenrath
  • North Rhine-Westphalia
  • 52134
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AIXADB (Deutsche Boerse AG)YesOrdinary SharesDEEURMay 1998
AIXAXTRA (XETRA Trading Platform)YesOrdinary SharesDEEURMay 1998
0NP9LSE (London Stock Exchange)YesOrdinary SharesGBEURMay 1998
AIXX.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDMay 1998
AIXADBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURMay 1998
AIXASWX (SIX Swiss Exchange)YesOrdinary SharesCHCHFMay 1998
AIXTWBAG (Wiener Boerse AG)YesOrdinary SharesATEURMay 1998

Biography

AIXTRON SE, together with its subsidiaries, provides deposition equipment to the semiconductor industry worldwide. The company develops, produces, and installs equipment for the deposition of semiconductor ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/23 00:12
End of Day Share Price2019/10/17 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.