Axcelis Technologies Inc.
Find Ratings ReportsAXCELIS TECHNOLOGIES INC's gross profit margin for the fourth quarter of its fiscal year 2023 has increased when compared to the same period a year ago. The company managed to grow both sales and net income at a faster pace than the average competitor in its subsector this quarter as compared to the same quarter a year ago. AXCELIS TECHNOLOGIES INC is extremely liquid. Currently, the Quick Ratio is 2.54 which clearly shows the ability to cover any short-term cash needs. The company's liquidity has increased from the same period last year.
At the same time, stockholders' equity ("net worth") has greatly increased by 29.61% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is very unlikely to face financial difficulties in the near future.
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Income Statement | Q4 FY23 | Q4 FY22 |
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Net Sales ($mil) | 310.29 | 266.05 |
EBITDA ($mil) | 82.63 | 59.08 |
EBIT ($mil) | 79.05 | 56.09 |
Net Income ($mil) | 71.06 | 56.99 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 506.15 | 432.17 |
Total Assets ($mil) | 1281.97 | 1013.64 |
Total Debt ($mil) | 75.89 | 58.71 |
Equity ($mil) | 864.88 | 667.26 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 45.6 | 42.29 |
EBITDA Margin | 26.63 | 22.2 |
Operating Margin | 25.48 | 21.08 |
Sales Turnover | 0.88 | 0.91 |
Return on Assets | 19.2 | 18.06 |
Return on Equity | 28.47 | 27.44 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 3.79 | 3.54 |
Debt/Capital | 0.08 | 0.08 |
Interest Expense | 1.32 | 1.48 |
Interest Coverage | 59.89 | 38.03 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 32.69 | 32.78 |
Div / share | 0.0 | 0.0 |
EPS | 2.15 | 1.71 |
Book value / share | 26.46 | 20.36 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 728846.0 | 600449.0 |
BUY. AXCELIS TECHNOLOGIES INC's P/E ratio indicates a significant discount compared to an average of 34.89 for the Machinery Manufacturing subsector and a significant discount compared to the S&P 500 average of 27.95. To use another comparison, its price-to-book ratio of 4.09 indicates a discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 15.81. The price-to-sales ratio is above the S&P 500 average, but well below the subsector average. Upon assessment of these and other key valuation criteria, AXCELIS TECHNOLOGIES INC proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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ACLS 14.55 | Peers 34.89 | ACLS 22.53 | Peers 35.56 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. ACLS is trading at a significant discount to its peers. |
Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. ACLS is trading at a significant discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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ACLS 12.93 | Peers 25.65 | ACLS NM | Peers 5.15 | |||||||||||||||||||||
Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations. ACLS is trading at a significant discount to its peers. |
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. ACLS's negative PEG ratio makes this valuation measure meaningless. |
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Price/Book |
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Earnings Growth |
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ACLS 4.09 | Peers 15.81 | ACLS 36.08 | Peers 20.44 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. ACLS is trading at a significant discount to its peers. |
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. ACLS is expected to have an earnings growth rate that significantly exceeds its peers. |
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Price/Sales |
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Sales Growth |
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ACLS 3.13 | Peers 8.34 | ACLS 22.89 | Peers 14.92 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. ACLS is trading at a significant discount to its subsector on this measurement. |
Higher. A sales growth rate that exceeds the subsector implies that a company is gaining market share. ACLS has a sales growth rate that significantly exceeds its peers. |
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