Amtech Systems Inc

Technology
Industrial Machinery/Components
www.amtechsystems.com

Earnings Score
Moat Score
Safety Score

Market Cap $84.19M
PE -4
Debt $8.31M
Cash $13.18M
EV $79.32M
FCF $2.13M

Earnings

loading chart...

Sales & Net Margins

loading chart...

Earnings	-$19.97M
EBIT	-$18.45M
ROE	-24%
ROA	-15%
FCF	$2.13M
Equity	$81.72M
Growth Stability	-1K%
PE	-4.22
PEG	-1.05
PB	1.03
P/FCF	39.6
P/S	0.8
Price/Cash	0.16
Debt/Equity	0.1
Debt/FCF	3.91
Net Margins	-10%
Gross Margins	28%
Op. Margins	-18%
Earnings CAGR	2%
Sales Growth YoY	-13%
Sales Growth QoQ	5%
Sales CAGR	-5%
FCF CAGR	-1%
Equity CAGR	3%
Earnings Stability	0.01
Earnings Growth YoY	-143%

Earnings Growth QoQ	-55%
Earnings CAGR 5Y	4%
Sales CAGR 5Y	12%
Equity CAGR 5Y	1%
Earnings CAGR 3Y	8%
Sales CAGR 3Y	8%
Equity CAGR 3Y	-2%
Market Cap	$84.19M
Revenue	$104.81M
Assets	$127.06M
Total Debt	$8.31M
Cash	$13.18M
Shares Outstanding	14.2M
EV	79.32M
Earnings Score	6%
Moat Score	4%
Safety Score	58%
Final Score	23%
Working Capital	42.99M
Current Ratio	2.57
Gross Profit	$29.22M
Shares Growth 3y	0%
Equity Growth QoQ	1%
Equity Growth YoY	-17%

Assets & ROA

loading chart...

Stockholders Equity & ROE

loading chart...

Amtech Systems Inc is a manufacturer of capital equipment, including thermal processing and wafer polishing, and related consumables used in fabricating semiconductor devices, such as silicon carbide (SiC) and silicon power chips, electronic assemblies and light-emitting diodes (LEDs). Its segments comprise Semiconductor, SiC/LED, and others. The company generates maximum revenue from the Semiconductor segment. Its Semiconductor segment is engaged in design, manufacture, sell and service thermal processing equipment and related controls for use by leading semiconductor manufacturers, and in electronics, automotive, and other industries. Geographically, it derives a majority of revenue from the United States.

SEC Filings

Direct access to Amtech Systems Inc (ASYS) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

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

Sector Comparison

How does Amtech Systems Inc compare to its competitors?

Loading chart...

Peter Lynch's Chart

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

CAGR 2%

Stability 1%

loading chart...

Amtech Systems Inc Discounted Cash Flow

Fully customizable DCF calculator online for Amtech Systems Inc.

Years

Calculation mode

= $20M

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$2.1M	$2.1M	$2.1M	$2.1M	$2M	$2M	$2M	$2M	$1.9M	$1.9M	$1.9M	$19M
DCF		$1.9M	$1.7M	$1.5M	$1.4M	$1.2M	$1.1M	$1M	$904K	$812K	$730K	$7.3M
Value	$20M

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	09/2015	09/2016	09/2017	09/2018	09/2019	09/2020	09/2021	09/2022	09/2023	TTM
Net Margins	-7%	-7%	5%	3%	-6%	-24%	2%	16%	-11%	-10%
ROA	-	-7%	5%	7%	5%	-0%	3%	14%	-11%	-15%
ROE	-	-13%	9%	6%	-6%	-19%	2%	18%	-14%	-24%

Bad Net Margins (-10.31%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher 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	09/2015	09/2016	09/2017	09/2018	09/2019	09/2020	09/2021	09/2022	09/2023	TTM
Debt over FCF	-	-1.07	0.84	1.64	-10.26	-1.28	-0.58	0.11	-1.22	3.91
Debt over Equity	0.14	0.17	0.1	0.09	0.06	0.07	0.06	0	0.15	0.1
Growth Stability	-	-	-	-	-320%	-573%	-	-	-1K%	-1K%

Neutral Debt/FCF ratio (3.91)

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.

Good Debt/Equity ratio (0.1)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (-1K%)

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	09/2015	09/2016	09/2017	09/2018	09/2019	09/2020	09/2021	09/2022	09/2023	CAGR 5Y
Revenue YoY growth	-	15%	37%	7%	-52%	-23%	30%	25%	7%	12%
Earnings YoY growth	-	10%	-195%	-34%	-197%	205%	-110%	1K%	-172%	4%
Equity YoY growth	-	-8%	35%	3%	-6%	-7%	5%	15%	-10%	1%
FCF YoY growth	-	-0%	-199%	-50%	-110%	702%	107%	-145%	-360%	-