Financials Axcelis Technologies, Inc.

Equities

ACLS

US0545402085

Semiconductor Equipment & Testing

Market Closed - Nasdaq 04:00:00 2024-04-26 pm EDT 5-day change 1st Jan Change
103.1 USD +3.06% Intraday chart for Axcelis Technologies, Inc. +8.72% -20.53%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 781.2 975.4 2,484 2,607 4,247 3,362 -
Enterprise Value (EV) 1 781.2 975.4 2,484 2,607 3,741 2,437 2,112
P/E ratio 48.2 x 19.9 x 25.9 x 14.5 x 17.5 x 15.1 x 12.2 x
Yield - - - - - - -
Capitalization / Revenue 2.28 x 2.06 x 3.75 x 2.83 x 3.76 x 2.98 x 2.69 x
EV / Revenue 2.28 x 2.06 x 3.75 x 2.83 x 3.31 x 2.16 x 1.69 x
EV / EBITDA 24.3 x 14.3 x 18 x 11.6 x 13.4 x 9.58 x 7.04 x
EV / FCF - - - - 27.5 x 9.34 x 6.5 x
FCF Yield - - - - 3.64% 10.7% 15.4%
Price to Book - 2.03 x 4.6 x 3.96 x 4.95 x - -
Nbr of stocks (in thousands) 32,421 33,496 33,312 32,849 32,747 32,626 -
Reference price 2 24.10 29.12 74.56 79.36 129.7 103.1 103.1
Announcement Date 2/5/20 2/10/21 2/7/22 2/8/23 2/7/24 - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 343 474.6 662.4 920 1,131 1,128 1,251
EBITDA 1 32.08 67.98 138.1 224 278.9 254.5 300
EBIT 1 24.2 58.04 127.3 212.4 265.8 249.5 303.8
Operating Margin 7.06% 12.23% 19.22% 23.08% 23.51% 22.11% 24.28%
Earnings before Tax (EBT) 1 20.92 55.89 120.4 204.9 278.6 262.1 329.4
Net income 1 17.03 49.98 98.65 183.1 246.3 221.2 275.8
Net margin 4.97% 10.53% 14.89% 19.9% 21.78% 19.6% 22.04%
EPS 2 0.5000 1.460 2.880 5.460 7.430 6.817 8.432
Free Cash Flow 1 - - - - 136.2 261 325
FCF margin - - - - 12.05% 23.13% 25.98%
FCF Conversion (EBITDA) - - - - 48.85% 102.57% 108.35%
FCF Conversion (Net income) - - - - 55.31% 117.99% 117.86%
Dividend per Share 2 - - - - - - -
Announcement Date 2/5/20 2/10/21 2/7/22 2/8/23 2/7/24 - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 176.7 205.7 203.6 221.2 229.2 266.1 254 274 292.3 310.3 242.6 261.8 298.9 323.7 289.8
EBITDA 1 39.05 49.41 51.77 57.02 56.09 59.08 54.46 66.87 74.91 82.63 48.45 56.2 70.98 78.83 63.15
EBIT 1 36.39 46.58 48.92 54.14 53.2 56.09 51.36 63.71 71.68 79.05 45.34 54.66 70.25 80.44 66.38
Operating Margin 20.6% 22.65% 24.03% 24.48% 23.21% 21.08% 20.22% 23.25% 24.52% 25.48% 18.69% 20.88% 23.5% 24.85% 22.91%
Earnings before Tax (EBT) 1 34.21 45.27 45.88 48.2 45.01 65.8 52.9 64.62 73.68 87.41 48.09 59.54 72.9 81.59 70.73
Net income 1 27.52 35.75 41.61 44.19 40.28 56.99 47.7 61.58 65.93 71.06 40.38 49.32 62.43 70.39 59.87
Net margin 15.57% 17.38% 20.44% 19.98% 17.58% 21.42% 18.78% 22.48% 22.55% 22.9% 16.65% 18.84% 20.88% 21.75% 20.66%
EPS 2 0.8100 1.050 1.220 1.320 1.210 1.710 1.430 1.860 1.990 2.150 1.240 1.486 1.901 2.193 1.850
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 11/3/21 2/7/22 5/4/22 8/3/22 11/2/22 2/8/23 5/3/23 8/2/23 11/1/23 2/7/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 - - - - - - -
Net Cash position 1 - - - - 506 925 1,250
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow 1 - - - - 136 261 325
ROE (net income / shareholders' equity) - 11.1% 19.3% 30.4% 32.1% 22.8% 22.5%
ROA (Net income/ Total Assets) - 8.52% 14.3% 20.4% 21.5% 15% 16.7%
Assets 1 - 586.4 688.9 899.3 1,148 1,475 1,651
Book Value Per Share - 14.30 16.20 20.10 26.20 - -
Cash Flow per Share 2 - - - - 4.730 0.1400 0.1000
Capex 1 - - - - 20.7 15 14
Capex / Sales - - - - 1.83% 1.33% 1.12%
Announcement Date 2/5/20 2/10/21 2/7/22 2/8/23 2/7/24 - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
8
Last Close Price
103.1 USD
Average target price
156.4 USD
Spread / Average Target
+51.74%
Consensus
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