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AEIS

Advanced Energy Industries NasdaqGS:AEIS Stock Report

Last Price

US$77.38

Market Cap

US$3.0b

7D

2.7%

1Y

-17.3%

Updated

16 May, 2022

Data

Company Financials +
AEIS fundamental analysis
Snowflake Score
Valuation3/6
Future Growth3/6
Past Performance1/6
Financial Health5/6
Dividends0/6

AEIS Stock Overview

Advanced Energy Industries, Inc. designs, manufactures, sells, and supports precision power conversion, measurement, and control solutions worldwide.

Advanced Energy Industries Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Advanced Energy Industries
Historical stock prices
Current Share PriceUS$77.38
52 Week HighUS$114.73
52 Week LowUS$72.22
Beta1.61
1 Month Change4.60%
3 Month Change-12.31%
1 Year Change-17.35%
3 Year Change53.75%
5 Year Change-0.28%
Change since IPO673.80%

Recent News & Updates

Apr 10

Advanced Energy Industries: Hiccups In The Advancement

Advanced Energy has been well positioned and has built up a solid track record over the past decade. Continued electrification of the economy should provide further tailwinds, but recent performance is a bit soft, not entirely explainable by supply chain issues. A good positioning and softer recent performance goes hand in hand with a very non-demanding multiple, amidst a nice bolt-on deal. Right here, shares look fairly valued, as I am willing to commit capital on dips here.

Shareholder Returns

AEISUS ElectronicUS Market
7D2.7%0.7%0.7%
1Y-17.3%-13.4%-10.8%

Return vs Industry: AEIS underperformed the US Electronic industry which returned -12.3% over the past year.

Return vs Market: AEIS underperformed the US Market which returned -10.4% over the past year.

Price Volatility

Is AEIS's price volatile compared to industry and market?
AEIS volatility
AEIS Average Weekly Movement6.9%
Electronic Industry Average Movement7.8%
Market Average Movement7.8%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market2.9%

Stable Share Price: AEIS is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: AEIS's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
198110,000Steve Kelleyhttps://www.advancedenergy.com

Advanced Energy Industries, Inc. designs, manufactures, sells, and supports precision power conversion, measurement, and control solutions worldwide. It offers plasma power solutions, including direct current (DC), pulsed DC, low frequency alternating current, high voltage, and radio frequency (RF) power supplies, as well as RF power supplies, RF matching networks, and RF instrumentation products; and remote plasma sources for reactive gas applications. The company also provides power control modules and thermal instrumentation products for rapid thermal processing, chemical vapor deposition, epitaxy, crystal growing, and chemical processing, as well as metal, carbon fiber, and glass manufacturing and other industrial power applications; high voltage DC-DC products for semiconductor wafer processing and metrology, electrostatic clamping of substrates, scientific instrumentation, mass spectrometry, and X-ray systems for industrial and analytical applications; and low voltage DC-DC board mounted solutions for use in healthcare, telecommunications, test and measurement, instrumentation, and industrial equipment applications, as well as distributed power in server and storage systems.

Advanced Energy Industries Fundamentals Summary

How do Advanced Energy Industries's earnings and revenue compare to its market cap?
AEIS fundamental statistics
Market CapUS$2.99b
Earnings (TTM)US$133.18m
Revenue (TTM)US$1.50b

21.8x

P/E Ratio

1.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AEIS income statement (TTM)
RevenueUS$1.50b
Cost of RevenueUS$953.95m
Gross ProfitUS$547.85m
Other ExpensesUS$414.66m
EarningsUS$133.18m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)3.55
Gross Margin36.48%
Net Profit Margin8.87%
Debt/Equity Ratio43.0%

How did AEIS perform over the long term?

See historical performance and comparison

Dividends

0.5%

Current Dividend Yield

11%

Payout Ratio

Does AEIS pay a reliable dividends?

See AEIS dividend history and benchmarks
When do you need to buy AEIS by to receive an upcoming dividend?
Advanced Energy Industries dividend dates
Ex Dividend DateMay 20 2022
Dividend Pay DateJun 03 2022
Days until Ex dividend2 days
Days until Dividend pay date16 days

Does AEIS pay a reliable dividends?

See AEIS dividend history and benchmarks

Valuation

Is Advanced Energy Industries undervalued compared to its fair value and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


44.1%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: AEIS ($77.38) is trading below our estimate of fair value ($138.32)

Significantly Below Fair Value: AEIS is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: AEIS is poor value based on its PE Ratio (21.8x) compared to the US Electronic industry average (15.4x).

PE vs Market: AEIS is poor value based on its PE Ratio (21.8x) compared to the US market (15.5x).


Price to Earnings Growth Ratio

PEG Ratio: AEIS is good value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: AEIS is overvalued based on its PB Ratio (3.2x) compared to the US Electronic industry average (1.8x).


Future Growth

How is Advanced Energy Industries forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


22.3%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AEIS's forecast earnings growth (22.3% per year) is above the savings rate (1.9%).

Earnings vs Market: AEIS's earnings (22.3% per year) are forecast to grow faster than the US market (12.6% per year).

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

Revenue vs Market: AEIS's revenue is expected to decline over the next 3 years (-7.3% per year).

High Growth Revenue: AEIS's revenue is forecast to decline over the next 3 years (-7.3% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if AEIS's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Advanced Energy Industries performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-3.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: AEIS has high quality earnings.

Growing Profit Margin: AEIS's current net profit margins (8.9%) are lower than last year (10.7%).


Past Earnings Growth Analysis

Earnings Trend: AEIS's earnings have declined by 3.8% per year over the past 5 years.

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

Earnings vs Industry: AEIS had negative earnings growth (-14.1%) over the past year, making it difficult to compare to the Electronic industry average (37.6%).


Return on Equity

High ROE: AEIS's Return on Equity (14.8%) is considered low.


Financial Health

How is Advanced Energy Industries's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: AEIS's short term assets ($1.2B) exceed its short term liabilities ($363.4M).

Long Term Liabilities: AEIS's short term assets ($1.2B) exceed its long term liabilities ($567.6M).


Debt to Equity History and Analysis

Debt Level: AEIS has more cash than its total debt.

Reducing Debt: Insufficient data to determine if AEIS's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: AEIS's debt is well covered by operating cash flow (24.7%).

Interest Coverage: AEIS's interest payments on its debt are well covered by EBIT (32.4x coverage).


Balance Sheet


Dividend

What is Advanced Energy Industries's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


0.52%

Current Dividend Yield

Upcoming Dividend Payment

TodayMay 17 2022Ex Dividend DateMay 20 2022Dividend Pay DateJun 03 202214 days from Ex DividendBuy in the next 2 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: AEIS's dividend (0.52%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.54%).

High Dividend: AEIS's dividend (0.52%) is low compared to the top 25% of dividend payers in the US market (4.05%).


Stability and Growth of Payments

Stable Dividend: AEIS is not paying a notable dividend for the US market, therefore no need to check if payments are stable.

Growing Dividend: AEIS is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.


Earnings Payout to Shareholders

Earnings Coverage: AEIS is not paying a notable dividend for the US market.


Cash Payout to Shareholders

Cash Flow Coverage: AEIS is not paying a notable dividend for the US market.


Next Steps

Management

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

1.3yrs

Average management tenure


CEO

Steve Kelley (59 yo)

1.17yrs

Tenure

US$6,506,021

Compensation

Mr. Stephen D. Kelley, also known as Steve, serves as Chief Executive Officer, President and Director of Advanced Energy Industries, Inc., since March 1, 2021. He served as Consultant at Amkor Technology,...


CEO Compensation Analysis

Compensation vs Market: Steve's total compensation ($USD6.51M) is about average for companies of similar size in the US market ($USD6.90M).

Compensation vs Earnings: Insufficient data to compare Steve's compensation with company performance.


Leadership Team

Experienced Management: AEIS's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

Experienced Board: AEIS's board of directors are considered experienced (5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: AEIS insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Advanced Energy Industries, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Advanced Energy Industries, Inc.
  • Ticker: AEIS
  • Exchange: NasdaqGS
  • Founded: 1981
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Implied Market Cap: US$2.987b
  • Shares outstanding: 37.56m
  • Website: https://www.advancedenergy.com

Number of Employees


Location

  • Advanced Energy Industries, Inc.
  • 1595 Wynkoop Street
  • Suite 800
  • Denver
  • Colorado
  • 80202
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/16 00:00
End of Day Share Price2022/05/16 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.