Axcelis Technologies Inc

Technology
Industrial Machinery/Components
www.axcelis.com

Earnings Score
Moat Score

Market Cap $1.77B
PE 9
Debt -
Cash $131.06M
EV -
FCF $128.64M

Earnings

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Sales & Net Margins

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Earnings	$200.99M
EBIT	$230.27M
ROE	20%
ROA	17%
FCF	$128.64M
Equity	$1.01B
Growth Stability	28%
PE	8.79
PEG	0.14
PB	1.74
P/FCF	13.73
P/S	1.73
Price/Cash	0.07
Net Margins	20%
Gross Margins	45%
Op. Margins	23%
Earnings CAGR	37%
Sales Growth YoY	-19%
Sales Growth QoQ	-2%
Sales CAGR	20%
FCF CAGR	27%
Equity CAGR	20%
Earnings Stability	0.6
Earnings Growth YoY	-30%

Earnings Growth QoQ	3%
Earnings CAGR 5Y	61%
Sales CAGR 5Y	28%
FCF CAGR 5Y	39%
Equity CAGR 5Y	21%
Earnings CAGR 3Y	14%
Sales CAGR 3Y	14%
FCF CAGR 3Y	-0%
Equity CAGR 3Y	26%
Market Cap	$1.77B
Revenue	$1.02B
Assets	$1.35B
Cash	$131.06M
Shares Outstanding	32.37M
Earnings Score	88%
Moat Score	96%
Working Capital	916.09M
Current Ratio	5.41
Gross Profit	$454.65M
Shares Growth 3y	-1%
Equity Growth QoQ	4%
Equity Growth YoY	17%

Assets & ROA

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Stockholders Equity & ROE

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Axcelis Technologies Inc designs, manufactures and services ion implantation and other processing equipment used in the fabrication of semiconductor chips. In addition to equipment, the company provide aftermarket lifecycle products and services, including used tools, spare parts, equipment upgrades, maintenance services and customer training. Geographically, the group has a business presence in North America, Asia Pacific and Europe, of which key revenue is derived from the Asia Pacific.

SEC Filings

Direct access to Axcelis Technologies Inc (ACLS) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Axcelis Technologies Inc compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Axcelis Technologies Inc compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 37%

Stability 60%

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Axcelis Technologies Inc Discounted Cash Flow

Fully customizable DCF calculator online for Axcelis Technologies Inc.

Years

Calculation mode

= $8.5B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$129M	$163M	$208M	$264M	$335M	$426M	$541M	$687M	$873M	$1.1B	$1.4B	$14B
DCF		$149M	$172M	$198M	$229M	$264M	$305M	$353M	$407M	$470M	$543M	$5.4B
Value	$8.5B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Net Margins	5%	4%	31%	10%	5%	11%	15%	20%	22%	20%	20%
ROA	-	6%	10%	11%	4%	9%	17%	21%	22%	17%	17%
ROE	-	5%	36%	11%	4%	10%	18%	27%	28%	20%	20%

Good Net Margins (19.75%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Debt over FCF	-	-	-	-	-	-	-	-	-	-	-
Debt over Equity	-	-	-	-	-	-	-	-	-	-	-
Growth Stability	-	-	-	90%	28%	79%	100%	100%	100%	100%	28%

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Neutral Debt/Equity ratio (-)

The company has a balance between equity and debt that is not too good nor too bad.

Bad Graham’s Stability (28%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	CAGR 5Y
Revenue YoY growth	-	0%	54%	8%	-23%	38%	40%	39%	23%	-10%	28%
Earnings YoY growth	-	-25%	1K%	-64%	-63%	193%	97%	86%	35%	-18%	61%
Equity YoY growth	-	6%	76%	15%	3%	15%	12%	24%	30%	17%	21%
FCF YoY growth	-	-169%	-534%	-14%	-161%	-344%	127%	45%	-34%	-6%	39%