Axt Stock Intrinsic Value – AXT Reports USD 18.6 Million Revenue for Q2 of FY2023, Down 52.9% Year-Over-Year
August 9, 2023
🌥️Earnings Overview
On June 30th 2023, AXT ($NASDAQ:AXTI) reported their FY2023 Q2 earnings results with total revenue of USD 18.6 million, amounting to a decrease of 52.9% from the same period in the preceding year. Net income for the quarter was recorded at USD -5.1 million, a deficit from the 5.6 million registered during the same quarter of the year before.
Analysis – Axt Stock Intrinsic Value
GoodWhale has conducted an analysis of AXT‘s wellbeing and concluded that its fair value is around $6.9. This estimation was made using GoodWhale’s proprietary Valuation Line. As of now, AXT stock is trading at a much lower price of $3.0, meaning that the stock is currently undervalued by 56.3%. This could present a great opportunity for investors to take advantage of the current market situation and purchase AXT stock at a discounted price. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Axt. More…
| Total Revenues | Net Income | Net Margin |
| 99.98 | -1.43 | -2.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Axt. More…
| Operations | Investing | Financing |
| -1.39 | -25.22 | 38.03 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Axt. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 346.2 | 71.82 | 4.81 |
Key Ratios Snapshot
Some of the financial key ratios for Axt are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 7.2% | 206.8% | 4.8% |
| FCF Margin | ROE | ROA |
| -27.2% | 1.4% | 0.9% |
Peers
AXT Inc, a leading provider of semiconductor and nanotechnology solutions, competes with Fujimi Inc, Oxford Instruments PLC, and Konfoong Materials International Co Ltd, in the development and manufacture of advanced materials and equipment. AXT’s products are used in a wide range of applications, including semiconductor manufacturing, data storage, and optoelectronics.
– Fujimi Inc ($TSE:5384)
Fujimi Incorporated is a leading manufacturer of chemicals and materials in Japan. The company has a market capitalization of 155.67 billion as of 2022 and a return on equity of 13.32%. Fujimi Incorporated is engaged in the manufacture and sale of chemicals, plastics, ceramics, and other materials. The company’s products are used in a variety of industries, including electronics, automotive, construction, and healthcare.
– Oxford Instruments PLC ($LSE:OXIG)
Oxford Instruments PLC is a leading provider of scientific instruments, services, and software. Its market cap is 1.17B as of 2022, and its ROE is 10.25%. The company’s products and services are used in a wide range of industries, including healthcare, life sciences, semiconductor manufacturing, and materials research.
– Konfoong Materials International Co Ltd ($SZSE:300666)
Konfoong Materials International Co Ltd is a Chinese company that produces and sells construction materials. The company has a market cap of 23 billion as of 2022 and a return on equity of 7.07%. Konfoong Materials International Co Ltd is a publicly traded company listed on the Shenzhen Stock Exchange.
Summary
Analysts are largely bearish on AXT’s prospects after the company reported their Q2 FY2023 earnings results. Total revenue decreased by 52.9% compared to the same period in the prior year, and net income was down to -5.1 million from 5.6 million. This is a significant indication that AXT’s investments have not returned much in the short term, and that investors might want to reconsider their investments in the company for the time being. It remains to be seen whether AXT can recover these losses and if their investments will pay off in the future.
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