Camtek Ltd
Find Ratings ReportsCAMTEK LTD's gross profit margin for the third quarter of its fiscal year 2020 is essentially unchanged when compared to the same period a year ago. The company has grown sales and net income during the past quarter when compared with the same quarter a year ago, however, it was unable to keep up with the growth of the average competitor within its subsector. CAMTEK LTD is extremely liquid. Currently, the Quick Ratio is 3.12 which clearly shows the ability to cover any short-term cash needs. The company's liquidity has decreased from the same period last year, indicating deteriorating cash flow.
During the same period, stockholders' equity ("net worth") has increased by 17.80% 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 | Q3 FY20 | Q3 FY19 |
|---|---|---|
| Net Sales ($mil) | 40.06 | 32.47 |
| EBITDA ($mil) | 0.0 | 0.0 |
| EBIT ($mil) | 6.32 | 4.37 |
| Net Income ($mil) | 6.02 | 4.16 |
| Balance Sheet | Q3 FY20 | Q3 FY19 |
|---|---|---|
| Cash & Equiv. ($mil) | 106.04 | 83.04 |
| Total Assets ($mil) | 200.94 | 164.04 |
| Total Debt ($mil) | 0.0 | 0.0 |
| Equity ($mil) | 154.0 | 130.72 |
| Profitability | Q3 FY20 | Q3 FY19 |
|---|---|---|
| Gross Profit Margin | 48.49 | 46.87 |
| EBITDA Margin | 0.0 | 0.0 |
| Operating Margin | 15.78 | 13.47 |
| Sales Turnover | 0.7 | 0.82 |
| Return on Assets | 9.31 | 14.11 |
| Return on Equity | 12.16 | 16.82 |
| Debt | Q3 FY20 | Q3 FY19 |
|---|---|---|
| Current Ratio | 3.96 | 4.54 |
| Debt/Capital | 0.0 | 0.0 |
| Interest Expense | 0.0 | 0.0 |
| Interest Coverage | 0.0 | 0.0 |
| Share Data | Q3 FY20 | Q3 FY19 |
|---|---|---|
| Shares outstanding (mil) | 39.21 | 38.6 |
| Div / share | 0.0 | 0.17 |
| EPS | 0.15 | 0.11 |
| Book value / share | 3.93 | 3.39 |
| Institutional Own % | n/a | n/a |
| Avg Daily Volume | 197986.0 | 109563.0 |
BUY. This stock's P/E ratio indicates a premium compared to an average of 41.78 for the Machinery Manufacturing subsector and a significant premium compared to the S&P 500 average of 38.33. To use another comparison, its price-to-book ratio of 5.93 indicates a significant premium versus the S&P 500 average of 4.11 and a significant discount versus the subsector average of 13.11. The price-to-sales ratio is well above the S&P 500 average, but well below the subsector average.
| Price/Earnings |
|
Price/Cash Flow |
| |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CAMT 49.51 | Peers 53.21 | CAMT NA | Peers 35.20 | |||||||||||||||||||||
|
Average. An average P/E ratio can signify an subsector neutral price for a stock and an average growth expectation. CAMT is trading at a valuation on par with its peers. |
Neutral. The P/CF ratio is the stock’s price divided by the sum of the company's cash flow from operations. It is useful for comparing companies with different capital requirements or financing structures. Ratio not available. |
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| Price/Projected Earnings |
|
Price to Earnings/Growth |
|
|||||||||||||||||||||
| CAMT 33.24 | Peers 37.72 | CAMT 2.97 | Peers 1.69 | |||||||||||||||||||||
|
Average. An average price-to-projected earnings ratio can signify an subsector neutral stock price and average future growth expectations. CAMT is trading at a valuation on par with its peers. |
Premium. 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. CAMT trades at a significant premium to its peers. |
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| Price/Book |
|
Earnings Growth |
|
|||||||||||||||||||||
| CAMT 5.93 | Peers 13.11 | CAMT -20.34 | Peers 77.23 | |||||||||||||||||||||
|
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. CAMT is trading at a significant discount to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, CAMT is expected to significantly trail its peers on the basis of its earnings growth rate. |
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| Price/Sales |
|
Sales Growth |
|
|||||||||||||||||||||
| CAMT 6.50 | Peers 11.86 | CAMT 4.81 | Peers 22.14 | |||||||||||||||||||||
|
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. CAMT is trading at a significant discount to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. CAMT significantly trails its peers on the basis of sales growth. |
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