Axcelis Technologies Intrinsic Stock Value – AXCELIS TECHNOLOGIES Reports 23.9% Revenue and 39.4% Net Income Growth for Second Quarter of FY2023
August 17, 2023
☀️Earnings Overview
For the second quarter of fiscal 2023 ending June 30, 2023, AXCELIS TECHNOLOGIES ($NASDAQ:ACLS) reported total revenue of USD 274.0 million, which was a growth of 23.9% year over year. Additionally, net income also rose to USD 61.6 million, showcasing an increase of 39.4% from the same period in the previous year.
Analysis – Axcelis Technologies Intrinsic Stock Value
GoodWhale has conducted a detailed analysis of the fundamentals of AXCELIS TECHNOLOGIES and concluded that the intrinsic value of a single share is around $91.2. This value was calculated using our proprietary Valuation Line, which takes into account a variety of metrics such as cash flow, debt-equity ratio, and earnings growth. Currently, AXCELIS TECHNOLOGIES shares are trading at $189.0, which is overvalued by 107.3%. This means that AXCELIS TECHNOLOGIES is at a higher price than its intrinsic value, and thus could be a good candidate for short-term traders looking to capitalize on the current market trend. However, it is important to note that this assessment is only an indication of the stock’s current state and should not be used as a definitive guide for long-term investment decisions. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Axcelis Technologies. More…
| Total Revenues | Net Income | Net Margin |
| 1.02k | 206.55 | 20.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Axcelis Technologies. More…
| Operations | Investing | Financing |
| 224.4 | -257.25 | -65.48 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Axcelis Technologies. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.12k | 377.68 | 22.75 |
Key Ratios Snapshot
Some of the financial key ratios for Axcelis Technologies are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 34.6% | 70.6% | 22.9% |
| FCF Margin | ROE | ROA |
| 20.8% | 20.2% | 13.0% |
Peers
The semiconductor industry is characterized by continuous and intense competition. There are a few key players in the industry, but many smaller companies compete for market share. One such company is Axcelis Technologies Inc. Axcelis competes against ASM International NV, Advanced Systems Automation Ltd, Advanced Micro-fabrication Equipment Inc, and many others. The company has a strong presence in the market, and its products are well-regarded by customers.
However, the competition is fierce, and Axcelis must continue to innovate and differentiate its products in order to maintain its market share.
– ASM International NV ($LTS:0NX3)
ASM International NV, together with its subsidiaries, provides semiconductor process equipment and services worldwide. The company operates in two segments, Equipment, and Materials and Services. It offers equipment products, including thermal processing, plasma etch, deposition, rapid thermal processing, wet process, and inspection and metrology products; and materials products, including consumables, dress packs, and spare parts. The company also provides services, such as customer service and field services, technical support services, and refurbishment and upgrade services. ASM International NV was founded in 1963 and is headquartered in Almere, the Netherlands.
– Advanced Systems Automation Ltd ($SGX:5TY)
Advanced Systems Automation Ltd is a technology company that provides automation solutions to a variety of industries. The company has a market cap of 22.32M as of 2022 and a return on equity of -13.66%. Despite its negative ROE, the company’s market cap indicates that it is still a relatively large and well- established company. Its automation solutions are used in a number of industries, including automotive, aerospace, and food and beverage.
– Advanced Micro-fabrication Equipment Inc ($SHSE:688012)
Advanced Micro-fabrication Equipment Inc is a leading manufacturer of semiconductor equipment. Its products are used in the manufacture of integrated circuits (ICs), which are the building blocks of electronic devices and computers. The company’s market cap is $59.15 billion, and its ROE is 5.07%. Advanced Micro-fabrication Equipment Inc is a publicly traded company listed on the Nasdaq Stock Market under the ticker symbol AME.
Summary
Axcelis Technologies reported strong second quarter financial results for the fiscal year 2023, with total revenue up 23.9% to $274 million and net income up 39.4% to $61.6 million year-over-year. Despite the positive news, the stock price moved down on the day of the announcement. This could be due to some investors expecting higher growth figures or not being impressed by the greater-than-expected growth in earnings. Long-term investors may view this as an opportunity to buy shares at a discounted price, while short-term investors should analyze current market conditions and analyst forecasts before investing.
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