Amtech Systems, Inc. (ASYS) 10-Year Financial Performance & Capital Metrics

ASYS • • Industrial / General

TechnologySemiconductorsSemiconductor Manufacturing EquipmentWafer Fabrication Equipment

AboutAmtech Systems, Inc. manufactures and sells capital equipment and related consumables for use in fabricating silicon carbide (SiC), silicon power devices, analog and discrete devices, electronic assemblies, and light-emitting diodes (LEDs) worldwide. The company operates in Semiconductor and Material and Substrate segments. The Semiconductor segment designs, manufactures, sells, and services thermal processing equipment, including solder reflow ovens, diffusion furnaces, and customer high-temp belt furnaces for use by semiconductor manufacturers, as well as in electronics, automotive and other industries; and wafer polishing equipment and related services. Its products include horizontal diffusion furnaces; and belt furnaces. The Material and Substrate segment manufactures and sells consumables and machinery for lapping and polishing of materials, such as silicon wafers for semiconductor products; sapphire substrates for LED lighting and mobile devices; silicon carbide wafers for LED and power device applications; various glass and silica components for 3D image transmission; quartz and ceramic components for telecommunications devices; and medical device components, and optical and photonics applications. This segment also offers substrate process chemicals for use in various manufacturing processes, including semiconductors, silicon and compound semiconductor wafers, and optics. The company sells its products through sales personnel, as well as a network of independent sales representatives and distributors. The company was formerly known as Quartz Engineering & Materials, Inc. and changed its name to Amtech Systems, Inc. in 1987. Amtech Systems, Inc. was incorporated in 1981 and is headquartered in Tempe, Arizona.Show more

Revenue $101M -10.7%
EBITDA -$4M +62.8%
Net Income -$8M +32.6%
EPS (Diluted) -0.60 +32.6%
Gross Margin 35.8% +14.1%
EBITDA Margin -3.66% +58.4%
Operating Margin -6.65% +49.7%
Net Margin -8.38% +24.5%
ROE -9.94% +26.2%
ROIC -5.42% +61.2%
Debt/Equity 0.21 -15.1%
Interest Coverage -12.08 +58.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9
✓Momentum leader: RS Rating 96 (top 4%)
✓Trading near 52-week high

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y6%

5Y3.54%

3Y5.91%

TTM-20.2%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-59.93%

EPS CAGR

10Y-

5Y-

3Y-

TTM-16.29%

ROCE

10Y Avg-1.73%

5Y Avg-1.81%

3Y Avg-5.23%

Latest-6.51%

Peer Comparison

Wafer Fabrication Equipment

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
UCTTUltra Clean Holdings, Inc.	1.97B	43.36	83.38	20.93%	-7.52%	-20.33%	0.08%	0.71
ASMLASML Holding N.V.	516.86B	1331.60	69.21	2.56%	30.58%	51.86%	1.84%	0.27
LRCXLam Research Corporation	273.15B	217.47	52.40	23.68%	29.66%	57.01%	1.98%	0.48
AMATApplied Materials, Inc.	253.01B	319.08	36.85	4.39%	24.67%	34.28%	2.25%	0.32
ACMRACM Research, Inc.	3.12B	52.20	34.11	40.23%	13.3%	6.21%	2.24%	0.17
VECOVeeco Instruments Inc.	2.06B	34.09	27.72	7.63%	7.23%	5.62%	2.22%	0.41
ACLSAxcelis Technologies, Inc.	2.96B	96.50	15.69	-9.97%	15.93%	13.32%	4.34%	0.04
ASYSAmtech Systems, Inc.	203.87M	14.20	-23.67	-10.68%	-38.18%	-61.74%	2.43%	0.21

Profit & Loss

	Sep 2015	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024
Sales/Revenue+	104.88M	120.31M	164.52M	176.43M	85.03M	65.46M	85.2M	106.3M	113.31M	101.21M
Revenue Growth %	0.86%	0.15%	0.37%	0.07%	-0.52%	-0.23%	0.3%	0.25%	0.07%	-0.11%
Cost of Goods Sold+	77.88M	86.25M	112.58M	121.27M	51.68M	41.02M	50.67M	66.79M	77.76M	64.98M
COGS % of Revenue	0.74%	0.72%	0.68%	0.69%	0.61%	0.63%	0.59%	0.63%	0.69%	0.64%
Gross Profit+	27.01M	34.06M	51.93M	55.16M	33.36M	24.44M	34.53M	39.51M	35.55M	36.23M
Gross Margin %	0.26%	0.28%	0.32%	0.31%	0.39%	0.37%	0.41%	0.37%	0.31%	0.36%
Gross Profit Growth %	1.32%	0.26%	0.52%	0.06%	-0.4%	-0.27%	0.41%	0.14%	-0.1%	0.02%
Operating Expenses+	39.95M	41.97M	41.51M	45.34M	27.33M	24.71M	30.72M	34.69M	50.52M	43.81M
OpEx % of Revenue	0.38%	0.35%	0.25%	0.26%	0.32%	0.38%	0.36%	0.33%	0.45%	0.43%
Selling, General & Admin	29.03M	33.97M	35.13M	25.74M	24.26M	21.4M	24.74M	28.3M	42.02M	33.81M
SG&A % of Revenue	0.28%	0.28%	0.21%	0.15%	0.29%	0.33%	0.29%	0.27%	0.37%	0.33%
Research & Development	6.92M	8M	6.37M	7.8M	3.07M	3.31M	5.98M	6.39M	7.31M	4.19M
R&D % of Revenue	0.07%	0.07%	0.04%	0.04%	0.04%	0.05%	0.07%	0.06%	0.06%	0.04%
Other Operating Expenses	0	0	0	0	0	0	284K	0	1.21M	4.95M
Operating Income+	-13.52M	-7.91M	10.43M	1.92M	7.14M	2.74M	3.73M	4.82M	-14.97M	-6.73M
Operating Margin %	-0.13%	-0.07%	0.06%	0.01%	0.08%	0.04%	0.04%	0.05%	-0.13%	-0.07%
Operating Income Growth %	-0.03%	0.42%	2.32%	-0.82%	2.72%	-0.62%	0.36%	0.29%	-4.11%	0.55%
EBITDA+	-10.16M	-4.93M	12.92M	2.97M	8.26M	3.82M	5.12M	6.55M	-9.96M	-3.7M
EBITDA Margin %	-0.1%	-0.04%	0.08%	0.02%	0.1%	0.06%	0.06%	0.06%	-0.09%	-0.04%
EBITDA Growth %	0.05%	0.51%	3.62%	-0.77%	1.78%	-0.54%	0.34%	0.28%	-2.52%	0.63%
D&A (Non-Cash Add-back)	3.36M	2.97M	2.49M	1.05M	1.13M	1.08M	1.4M	1.73M	5.01M	3.03M
EBIT	-12.94M	-7.91M	3.64M	8.32M	6.03M	-268K	3.67M	18.95M	-14.66M	-6.95M
Net Interest Income+	-100K	-417K	379K	738K	852K	162K	-186K	46K	-154K	-500K
Interest Income	0	0	379K	738K	852K	162K	53K	210K	366K	57K
Interest Expense	100K	417K	0	0	0	0	239K	164K	520K	557K
Other Income/Expense	8.71M	2.46M	6.19M	3.85M	852K	-2.63M	-291K	1.5M	-212K	-782K
Pretax Income+	-4.81M	-5.45M	9.83M	5.53M	5.77M	-3.12M	3.43M	18.79M	-15.18M	-7.51M
Pretax Margin %	-0.05%	-0.05%	0.06%	0.03%	0.07%	-0.05%	0.04%	0.18%	-0.13%	-0.07%
Income Tax+	1.91M	3.1M	1.74M	220K	2.63M	791K	1.93M	1.42M	-2.6M	975K
Effective Tax Rate %	1.62%	1.29%	0.93%	0.96%	0.54%	1.25%	0.44%	0.92%	0.83%	1.13%
Net Income+	-7.77M	-7.01M	9.13M	5.3M	3.13M	-3.91M	1.51M	17.37M	-12.58M	-8.49M
Net Margin %	-0.07%	-0.06%	0.06%	0.03%	0.04%	-0.06%	0.02%	0.16%	-0.11%	-0.08%
Net Income Growth %	0.4%	0.1%	2.3%	-0.42%	-0.41%	-2.25%	1.39%	10.52%	-1.72%	0.33%
Net Income (Continuing)	-6.72M	-8.55M	2.19M	6.63M	3.13M	-3.91M	1.51M	17.37M	-12.58M	-8.49M
Discontinued Operations	0	0	6.94M	0	-8.3M	-11.82M	0	0	0	0
Minority Interest	-187K	-1.72M	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.65	-0.53	0.68	0.35	0.22	-0.28	0.11	1.22	-0.89	-0.60
EPS Growth %	0.51%	0.18%	2.28%	-0.49%	-0.37%	-2.27%	1.39%	10.09%	-1.73%	0.33%
EPS (Basic)	-0.65	-0.53	0.68	0.36	0.22	-0.28	0.11	1.24	-0.89	-0.60
Diluted Shares Outstanding	12.02M	13.17M	13.5M	15.06M	14.24M	14.16M	14.34M	14.18M	14.06M	14.21M
Basic Shares Outstanding	11.96M	13.17M	13.38M	14.83M	14.24M	14.16M	14.19M	14.01M	14.06M	14.21M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Sep 2015	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024
Total Current Assets+	85.7M	82.92M	157.11M	124.29M	108.27M	76.57M	80.87M	102.94M	81.19M	64.38M
Cash & Short-Term Investments	25.85M	27.66M	51.12M	58.33M	52.98M	45.07M	32.84M	46.87M	13.13M	11.09M
Cash Only	25.85M	27.66M	51.12M	58.33M	52.98M	45.07M	32.84M	46.87M	13.13M	11.09M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	30.06M	26.54M	36.79M	18.28M	12.91M	12.61M	23.55M	25.01M	27.11M	21.99M
Days Sales Outstanding	104.61	80.51	81.63	37.81	55.41	70.28	100.87	85.89	87.31	79.3
Inventory	23.33M	23.22M	30.21M	24.71M	17.53M	17.28M	22.07M	25.49M	34.84M	26.87M
Days Inventory Outstanding	109.34	98.28	97.94	74.37	123.83	153.72	159	139.3	163.55	150.91
Other Current Assets	6.46M	3.55M	38.99M	48.22M	24.85M	1.62M	2.41M	5.56M	6.11M	4.43M
Total Non-Current Assets+	39.75M	35.51M	34.51M	25.12M	18.21M	25.53M	36.05M	30.6M	55.83M	54.58M
Property, Plant & Equipment	17.76M	15.96M	15.79M	16.45M	10.22M	17.12M	22.73M	17.81M	20.91M	28.24M
Fixed Asset Turnover	5.91x	7.54x	10.42x	10.72x	8.32x	3.82x	3.75x	5.97x	5.42x	3.58x
Goodwill	10.54M	11.12M	11.4M	6.63M	6.63M	6.63M	11.17M	11.17M	27.63M	21.26M
Intangible Assets	4.94M	4.1M	3.5M	1.13M	870K	609K	858K	758K	6.11M	4M
Long-Term Investments	2.73M	3.03M	2.62M	0	0	0	0	0	0	0
Other Non-Current Assets	3.36M	1.09M	1M	901K	487K	602K	661K	783K	1.07M	884K
Total Assets+	125.46M	118.43M	191.62M	149.41M	126.48M	102.1M	116.91M	133.53M	137.02M	118.95M
Asset Turnover	0.84x	1.02x	0.86x	1.18x	0.67x	0.64x	0.73x	0.80x	0.83x	0.85x
Asset Growth %	0.4%	-0.06%	0.62%	-0.22%	-0.15%	-0.19%	0.15%	0.14%	0.03%	-0.13%
Total Current Liabilities+	39.37M	38.06M	85.97M	45.14M	30.65M	7.48M	15.11M	22.63M	29.72M	19.6M
Accounts Payable	15.65M	15.4M	21.55M	6.87M	4.37M	2.68M	8.23M	7.3M	10.81M	5.36M
Days Payables Outstanding	73.33	65.16	69.88	20.67	30.87	23.81	59.27	39.9	50.76	30.08
Short-Term Debt	919K	1.13M	361K	350K	371K	380K	927K	0	2.2M	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	13.65M	13.66M	54.41M	36.32M	20.38M	2.07M	2.35M	1.77M	3.48M	2.06M
Current Ratio	2.18x	2.18x	1.83x	2.75x	3.53x	10.24x	5.35x	4.55x	2.73x	3.28x
Quick Ratio	1.58x	1.57x	1.48x	2.21x	2.96x	7.93x	3.89x	3.42x	1.56x	1.91x
Cash Conversion Cycle	140.62	113.63	109.69	91.51	148.37	200.2	200.6	185.28	200.1	200.12
Total Non-Current Liabilities+	13.44M	15.03M	15.17M	11.17M	8.38M	13.1M	16.17M	12.54M	18.94M	17M
Long-Term Debt	8.45M	9.1M	8.13M	5.54M	5.18M	4.8M	4.4M	144K	8.37M	0
Capital Lease Obligations	0	0	0	0	0	5.06M	8.39M	9.47M	8.94M	15.43M
Deferred Tax Liabilities	430K	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	4.99M	5.93M	7.04M	3.21M	3.2M	3.24M	3.38M	2.92M	1.62M	1.57M
Total Liabilities	52.81M	53.09M	101.14M	56.32M	39.02M	20.58M	31.28M	35.17M	48.66M	36.59M
Total Debt+	9.37M	10.23M	8.49M	8.33M	5.55M	10.37M	14.25M	11.82M	22.2M	17.57M
Net Debt	-16.48M	-17.42M	-42.63M	-50M	-47.43M	-34.7M	-18.59M	-35.05M	9.07M	6.49M
Debt / Equity	0.13x	0.16x	0.09x	0.09x	0.06x	0.13x	0.17x	0.12x	0.25x	0.21x
Debt / EBITDA	-	-	0.66x	2.80x	0.67x	2.71x	2.78x	1.81x	-	-
Net Debt / EBITDA	-	-	-3.30x	-16.82x	-5.74x	-9.08x	-3.63x	-5.35x	-	-
Interest Coverage	-135.21x	-18.96x	-	-	-	-	15.59x	29.40x	-28.79x	-12.08x
Total Equity+	72.65M	65.34M	90.48M	93.09M	87.45M	81.52M	85.63M	98.37M	88.36M	82.36M
Equity Growth %	0.36%	-0.1%	0.38%	0.03%	-0.06%	-0.07%	0.05%	0.15%	-0.1%	-0.07%
Book Value per Share	6.04	4.96	6.70	6.18	6.14	5.76	5.97	6.94	6.28	5.80
Total Shareholders' Equity	72.83M	67.06M	90.48M	93.09M	87.45M	81.52M	85.63M	98.37M	88.36M	82.36M
Common Stock	131K	132K	147K	142K	143K	141K	143K	140K	142K	143K
Retained Earnings	-28.82M	-35.83M	-26.7M	-21.39M	-26.56M	-42.41M	-40.9M	-24.46M	-37.05M	-45.53M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-8.67M	-8.88M	-8.53M	-9.97M	-11.23M	-646K	14K	-1.77M	-1.7M	-720K
Minority Interest	-187K	-1.72M	0	0	0	0	0	0	0	0

Cash Flow

	Sep 2015	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024
Cash from Operations+	-10.07M	-9.69M	11.79M	6.79M	173K	-1.66M	-5.96M	5.2M	-7.7M	9.84M
Operating CF Margin %	-0.1%	-0.08%	0.07%	0.04%	0%	-0.03%	-0.07%	0.05%	-0.07%	0.1%
Operating CF Growth %	0.09%	0.04%	2.22%	-0.42%	-0.97%	-10.62%	-2.58%	1.87%	-2.48%	2.28%
Net Income	-6.72M	-8.55M	8.09M	5.3M	-5.16M	-15.72M	1.51M	17.37M	-12.58M	-8.49M
Depreciation & Amortization	3.36M	2.97M	2.49M	1.85M	1.69M	1.26M	1.4M	1.73M	5.01M	3.03M
Stock-Based Compensation	1.16M	1.39M	1.33M	855K	573K	326K	401K	543K	1.27M	1.53M
Deferred Taxes	454K	2.28M	-27K	209K	220K	218K	-65K	592K	-2.51M	-84K
Other Non-Cash Items	-8.87M	-831K	420K	4.53M	2.75M	14.52M	631K	-12.39M	8.02M	8.28M
Working Capital Changes	547K	-6.95M	-511K	-5.96M	104K	-2.26M	-9.84M	-2.63M	-6.91M	5.57M
Change in Receivables	1.7M	-5M	-8.65M	3.27M	299K	1.36M	-11.02M	-2.48M	4.41M	9.24M
Change in Inventory	-1.31M	491K	-6.64M	3.96M	-435K	-913K	-5.18M	-3.68M	-6.29M	5.13M
Change in Payables	939K	-225K	5.37M	-10.16M	-1.79M	-3.62M	5.47M	-1.08M	1.46M	-4.94M
Cash from Investing+	8.28M	11.17M	-1.22M	4.35M	-1.83M	-12.62M	-8.09M	18.77M	-37.83M	-2.18M
Capital Expenditures	-610K	-978K	-1.26M	-1.5M	-714K	-2.68M	-3.01M	-1.14M	-2.9M	-4.88M
CapEx % of Revenue	0.01%	0.01%	0.01%	0.01%	0.01%	0.04%	0.04%	0.01%	0.03%	0.05%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	700K	5.14M	40K	5.85M	-1.11M	-9.94M	0	19.91M	6K	2.7M
Cash from Financing+	805K	457K	12.7M	-2.48M	-157K	-1.5M	1.17M	-8.27M	11.74M	-10.63M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	30K	0	18K	1.89M	0	877K	1.55M	720K	1.24M	-26K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-10.68M	-10.67M	10.53M	5.29M	-541K	-4.34M	-8.97M	4.07M	-10.6M	4.96M
FCF Margin %	-0.1%	-0.09%	0.06%	0.03%	-0.01%	-0.07%	-0.11%	0.04%	-0.09%	0.05%
FCF Growth %	0.08%	0%	1.99%	-0.5%	-1.1%	-7.02%	-1.07%	1.45%	-3.6%	1.47%
FCF per Share	-0.89	-0.81	0.78	0.35	-0.04	-0.31	-0.63	0.29	-0.75	0.35
FCF Conversion (FCF/Net Income)	1.30x	1.38x	1.29x	1.28x	0.06x	0.43x	-3.95x	0.30x	0.61x	-1.16x
Interest Paid	440K	305K	269K	304K	0	265K	241K	164K	461K	558K
Taxes Paid	5.11M	116K	146K	980K	0	2.12M	1.87M	386K	2.82M	623K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-12.31%	-10.16%	11.72%	5.78%	3.47%	-4.62%	1.8%	18.88%	-13.48%	-9.94%
Return on Invested Capital (ROIC)	-24.62%	-11.4%	16.33%	3.16%	12.88%	4.74%	4.91%	5.55%	-13.97%	-5.42%
Gross Margin	25.75%	28.31%	31.57%	31.26%	39.23%	37.34%	40.53%	37.17%	31.37%	35.8%
Net Margin	-7.41%	-5.83%	5.55%	3.01%	3.69%	-5.97%	1.77%	16.34%	-11.1%	-8.38%
Debt / Equity	0.13x	0.16x	0.09x	0.09x	0.06x	0.13x	0.17x	0.12x	0.25x	0.21x
Interest Coverage	-135.21x	-18.96x	-	-	-	-	15.59x	29.40x	-28.79x	-12.08x
FCF Conversion	1.30x	1.38x	1.29x	1.28x	0.06x	0.43x	-3.95x	0.30x	0.61x	-1.16x
Revenue Growth	85.63%	14.71%	36.75%	7.24%	-51.8%	-23.02%	30.16%	24.76%	6.6%	-10.68%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Semiconductor Equipment	37.25M	50.64M	67.24M	80.16M	66.45M	54.52M	72.09M	87.98M	77.59M	-
Semiconductor Equipment Growth	-	35.94%	32.78%	19.22%	-17.10%	-17.97%	32.23%	22.05%	-11.81%	-
Material And Substrate	-	-	-	-	-	-	13.12M	18.32M	35.72M	-
Material And Substrate Growth	-	-	-	-	-	-	-	39.61%	95.02%	-
Si C L E D	-	-	-	-	13.68M	10.3M	-	-	-	-
Si C L E D Growth	-	-	-	-	-	-24.69%	-	-	-	-
Automation	-	-	-	-	4.9M	-	-	-	-	-
Automation Growth	-	-	-	-	-	-	-	-	-	-
Solar Equipment	56.69M	60.95M	87.03M	82.5M	-	-	-	-	-	-
Solar Equipment Growth	-	7.51%	42.80%	-5.20%	-	-	-	-	-	-
Polishing Supplies And Equipment	10.94M	8.72M	10.25M	13.76M	-	-	-	-	-	-
Polishing Supplies And Equipment Growth	-	-20.28%	17.46%	34.28%	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
CHINA	9.72M	11.8M	12.67M	17.63M	9.5M	13.51M	22.83M	13.85M	24.97M	24.05M
CHINA Growth	-	21.33%	7.41%	39.15%	-46.13%	42.21%	68.97%	-39.31%	80.23%	-3.69%
Other Geographic Location	2.31M	3.26M	3.86M	3.54M	4.7M	3.86M	3.44M	3.25M	3.8M	3.83M
Other Geographic Location Growth	-	41.50%	18.30%	-8.37%	32.74%	-17.70%	-10.97%	-5.61%	16.94%	0.76%
UNITED STATES	37.48M	44.3M	60.95M	72.75M	65.94M	48.09M	-	-	-	-
UNITED STATES Growth	-	18.18%	37.59%	19.36%	-9.36%	-27.07%	-	-	-	-
FRANCE	8.39M	8.76M	5.59M	6.13M	4.9M	-	-	-	-	-
FRANCE Growth	-	4.42%	-36.20%	9.68%	-20.08%	-	-	-	-	-
NETHERLANDS	46.98M	52.19M	81.44M	76.37M	-	-	-	-	-	-
NETHERLANDS Growth	-	11.08%	56.05%	-6.23%	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Amtech Systems, Inc. (ASYS) reported $83.6M in revenue for fiscal year 2024. This represents a 66% decrease from $246.7M in 2011.

Amtech Systems, Inc. (ASYS) saw revenue decline by 10.7% over the past year.

Amtech Systems, Inc. (ASYS) reported a net loss of $31.9M for fiscal year 2024.

Dividend & Returns

Amtech Systems, Inc. (ASYS) has a return on equity (ROE) of -9.9%. Negative ROE indicates the company is unprofitable.

Amtech Systems, Inc. (ASYS) generated $6.2M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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Amtech Systems, Inc. (ASYS) 10-Year Financial Performance & Capital Metrics

ASYS • • Industrial / General

TechnologySemiconductorsSemiconductor Manufacturing EquipmentWafer Fabrication Equipment

Revenue $101M -10.7%
EBITDA -$4M +62.8%
Net Income -$8M +32.6%
EPS (Diluted) -0.60 +32.6%
Gross Margin 35.8% +14.1%
EBITDA Margin -3.66% +58.4%
Operating Margin -6.65% +49.7%
Net Margin -8.38% +24.5%
ROE -9.94% +26.2%
ROIC -5.42% +61.2%
Debt/Equity 0.21 -15.1%
Interest Coverage -12.08 +58.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9
✓Momentum leader: RS Rating 96 (top 4%)
✓Trading near 52-week high

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y6%

5Y3.54%

3Y5.91%

TTM-20.2%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-59.93%

EPS CAGR

10Y-

5Y-

3Y-

TTM-16.29%

ROCE

10Y Avg-1.73%

5Y Avg-1.81%

3Y Avg-5.23%

Latest-6.51%

Peer Comparison

Wafer Fabrication Equipment

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
UCTTUltra Clean Holdings, Inc.	1.97B	43.36	83.38	20.93%	-7.52%	-20.33%	0.08%	0.71
ASMLASML Holding N.V.	516.86B	1331.60	69.21	2.56%	30.58%	51.86%	1.84%	0.27
LRCXLam Research Corporation	273.15B	217.47	52.40	23.68%	29.66%	57.01%	1.98%	0.48
AMATApplied Materials, Inc.	253.01B	319.08	36.85	4.39%	24.67%	34.28%	2.25%	0.32
ACMRACM Research, Inc.	3.12B	52.20	34.11	40.23%	13.3%	6.21%	2.24%	0.17
VECOVeeco Instruments Inc.	2.06B	34.09	27.72	7.63%	7.23%	5.62%	2.22%	0.41
ACLSAxcelis Technologies, Inc.	2.96B	96.50	15.69	-9.97%	15.93%	13.32%	4.34%	0.04
ASYSAmtech Systems, Inc.	203.87M	14.20	-23.67	-10.68%	-38.18%	-61.74%	2.43%	0.21

Profit & Loss

	Sep 2015	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024
Sales/Revenue+	104.88M	120.31M	164.52M	176.43M	85.03M	65.46M	85.2M	106.3M	113.31M	101.21M
Revenue Growth %	0.86%	0.15%	0.37%	0.07%	-0.52%	-0.23%	0.3%	0.25%	0.07%	-0.11%
Cost of Goods Sold+	77.88M	86.25M	112.58M	121.27M	51.68M	41.02M	50.67M	66.79M	77.76M	64.98M
COGS % of Revenue	0.74%	0.72%	0.68%	0.69%	0.61%	0.63%	0.59%	0.63%	0.69%	0.64%
Gross Profit+	27.01M	34.06M	51.93M	55.16M	33.36M	24.44M	34.53M	39.51M	35.55M	36.23M
Gross Margin %	0.26%	0.28%	0.32%	0.31%	0.39%	0.37%	0.41%	0.37%	0.31%	0.36%
Gross Profit Growth %	1.32%	0.26%	0.52%	0.06%	-0.4%	-0.27%	0.41%	0.14%	-0.1%	0.02%
Operating Expenses+	39.95M	41.97M	41.51M	45.34M	27.33M	24.71M	30.72M	34.69M	50.52M	43.81M
OpEx % of Revenue	0.38%	0.35%	0.25%	0.26%	0.32%	0.38%	0.36%	0.33%	0.45%	0.43%
Selling, General & Admin	29.03M	33.97M	35.13M	25.74M	24.26M	21.4M	24.74M	28.3M	42.02M	33.81M
SG&A % of Revenue	0.28%	0.28%	0.21%	0.15%	0.29%	0.33%	0.29%	0.27%	0.37%	0.33%
Research & Development	6.92M	8M	6.37M	7.8M	3.07M	3.31M	5.98M	6.39M	7.31M	4.19M
R&D % of Revenue	0.07%	0.07%	0.04%	0.04%	0.04%	0.05%	0.07%	0.06%	0.06%	0.04%
Other Operating Expenses	0	0	0	0	0	0	284K	0	1.21M	4.95M
Operating Income+	-13.52M	-7.91M	10.43M	1.92M	7.14M	2.74M	3.73M	4.82M	-14.97M	-6.73M
Operating Margin %	-0.13%	-0.07%	0.06%	0.01%	0.08%	0.04%	0.04%	0.05%	-0.13%	-0.07%
Operating Income Growth %	-0.03%	0.42%	2.32%	-0.82%	2.72%	-0.62%	0.36%	0.29%	-4.11%	0.55%
EBITDA+	-10.16M	-4.93M	12.92M	2.97M	8.26M	3.82M	5.12M	6.55M	-9.96M	-3.7M
EBITDA Margin %	-0.1%	-0.04%	0.08%	0.02%	0.1%	0.06%	0.06%	0.06%	-0.09%	-0.04%
EBITDA Growth %	0.05%	0.51%	3.62%	-0.77%	1.78%	-0.54%	0.34%	0.28%	-2.52%	0.63%
D&A (Non-Cash Add-back)	3.36M	2.97M	2.49M	1.05M	1.13M	1.08M	1.4M	1.73M	5.01M	3.03M
EBIT	-12.94M	-7.91M	3.64M	8.32M	6.03M	-268K	3.67M	18.95M	-14.66M	-6.95M
Net Interest Income+	-100K	-417K	379K	738K	852K	162K	-186K	46K	-154K	-500K
Interest Income	0	0	379K	738K	852K	162K	53K	210K	366K	57K
Interest Expense	100K	417K	0	0	0	0	239K	164K	520K	557K
Other Income/Expense	8.71M	2.46M	6.19M	3.85M	852K	-2.63M	-291K	1.5M	-212K	-782K
Pretax Income+	-4.81M	-5.45M	9.83M	5.53M	5.77M	-3.12M	3.43M	18.79M	-15.18M	-7.51M
Pretax Margin %	-0.05%	-0.05%	0.06%	0.03%	0.07%	-0.05%	0.04%	0.18%	-0.13%	-0.07%
Income Tax+	1.91M	3.1M	1.74M	220K	2.63M	791K	1.93M	1.42M	-2.6M	975K
Effective Tax Rate %	1.62%	1.29%	0.93%	0.96%	0.54%	1.25%	0.44%	0.92%	0.83%	1.13%
Net Income+	-7.77M	-7.01M	9.13M	5.3M	3.13M	-3.91M	1.51M	17.37M	-12.58M	-8.49M
Net Margin %	-0.07%	-0.06%	0.06%	0.03%	0.04%	-0.06%	0.02%	0.16%	-0.11%	-0.08%
Net Income Growth %	0.4%	0.1%	2.3%	-0.42%	-0.41%	-2.25%	1.39%	10.52%	-1.72%	0.33%
Net Income (Continuing)	-6.72M	-8.55M	2.19M	6.63M	3.13M	-3.91M	1.51M	17.37M	-12.58M	-8.49M
Discontinued Operations	0	0	6.94M	0	-8.3M	-11.82M	0	0	0	0
Minority Interest	-187K	-1.72M	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.65	-0.53	0.68	0.35	0.22	-0.28	0.11	1.22	-0.89	-0.60
EPS Growth %	0.51%	0.18%	2.28%	-0.49%	-0.37%	-2.27%	1.39%	10.09%	-1.73%	0.33%
EPS (Basic)	-0.65	-0.53	0.68	0.36	0.22	-0.28	0.11	1.24	-0.89	-0.60
Diluted Shares Outstanding	12.02M	13.17M	13.5M	15.06M	14.24M	14.16M	14.34M	14.18M	14.06M	14.21M
Basic Shares Outstanding	11.96M	13.17M	13.38M	14.83M	14.24M	14.16M	14.19M	14.01M	14.06M	14.21M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Sep 2015	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024
Total Current Assets+	85.7M	82.92M	157.11M	124.29M	108.27M	76.57M	80.87M	102.94M	81.19M	64.38M
Cash & Short-Term Investments	25.85M	27.66M	51.12M	58.33M	52.98M	45.07M	32.84M	46.87M	13.13M	11.09M
Cash Only	25.85M	27.66M	51.12M	58.33M	52.98M	45.07M	32.84M	46.87M	13.13M	11.09M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	30.06M	26.54M	36.79M	18.28M	12.91M	12.61M	23.55M	25.01M	27.11M	21.99M
Days Sales Outstanding	104.61	80.51	81.63	37.81	55.41	70.28	100.87	85.89	87.31	79.3
Inventory	23.33M	23.22M	30.21M	24.71M	17.53M	17.28M	22.07M	25.49M	34.84M	26.87M
Days Inventory Outstanding	109.34	98.28	97.94	74.37	123.83	153.72	159	139.3	163.55	150.91
Other Current Assets	6.46M	3.55M	38.99M	48.22M	24.85M	1.62M	2.41M	5.56M	6.11M	4.43M
Total Non-Current Assets+	39.75M	35.51M	34.51M	25.12M	18.21M	25.53M	36.05M	30.6M	55.83M	54.58M
Property, Plant & Equipment	17.76M	15.96M	15.79M	16.45M	10.22M	17.12M	22.73M	17.81M	20.91M	28.24M
Fixed Asset Turnover	5.91x	7.54x	10.42x	10.72x	8.32x	3.82x	3.75x	5.97x	5.42x	3.58x
Goodwill	10.54M	11.12M	11.4M	6.63M	6.63M	6.63M	11.17M	11.17M	27.63M	21.26M
Intangible Assets	4.94M	4.1M	3.5M	1.13M	870K	609K	858K	758K	6.11M	4M
Long-Term Investments	2.73M	3.03M	2.62M	0	0	0	0	0	0	0
Other Non-Current Assets	3.36M	1.09M	1M	901K	487K	602K	661K	783K	1.07M	884K
Total Assets+	125.46M	118.43M	191.62M	149.41M	126.48M	102.1M	116.91M	133.53M	137.02M	118.95M
Asset Turnover	0.84x	1.02x	0.86x	1.18x	0.67x	0.64x	0.73x	0.80x	0.83x	0.85x
Asset Growth %	0.4%	-0.06%	0.62%	-0.22%	-0.15%	-0.19%	0.15%	0.14%	0.03%	-0.13%
Total Current Liabilities+	39.37M	38.06M	85.97M	45.14M	30.65M	7.48M	15.11M	22.63M	29.72M	19.6M
Accounts Payable	15.65M	15.4M	21.55M	6.87M	4.37M	2.68M	8.23M	7.3M	10.81M	5.36M
Days Payables Outstanding	73.33	65.16	69.88	20.67	30.87	23.81	59.27	39.9	50.76	30.08
Short-Term Debt	919K	1.13M	361K	350K	371K	380K	927K	0	2.2M	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	13.65M	13.66M	54.41M	36.32M	20.38M	2.07M	2.35M	1.77M	3.48M	2.06M
Current Ratio	2.18x	2.18x	1.83x	2.75x	3.53x	10.24x	5.35x	4.55x	2.73x	3.28x
Quick Ratio	1.58x	1.57x	1.48x	2.21x	2.96x	7.93x	3.89x	3.42x	1.56x	1.91x
Cash Conversion Cycle	140.62	113.63	109.69	91.51	148.37	200.2	200.6	185.28	200.1	200.12
Total Non-Current Liabilities+	13.44M	15.03M	15.17M	11.17M	8.38M	13.1M	16.17M	12.54M	18.94M	17M
Long-Term Debt	8.45M	9.1M	8.13M	5.54M	5.18M	4.8M	4.4M	144K	8.37M	0
Capital Lease Obligations	0	0	0	0	0	5.06M	8.39M	9.47M	8.94M	15.43M
Deferred Tax Liabilities	430K	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	4.99M	5.93M	7.04M	3.21M	3.2M	3.24M	3.38M	2.92M	1.62M	1.57M
Total Liabilities	52.81M	53.09M	101.14M	56.32M	39.02M	20.58M	31.28M	35.17M	48.66M	36.59M
Total Debt+	9.37M	10.23M	8.49M	8.33M	5.55M	10.37M	14.25M	11.82M	22.2M	17.57M
Net Debt	-16.48M	-17.42M	-42.63M	-50M	-47.43M	-34.7M	-18.59M	-35.05M	9.07M	6.49M
Debt / Equity	0.13x	0.16x	0.09x	0.09x	0.06x	0.13x	0.17x	0.12x	0.25x	0.21x
Debt / EBITDA	-	-	0.66x	2.80x	0.67x	2.71x	2.78x	1.81x	-	-
Net Debt / EBITDA	-	-	-3.30x	-16.82x	-5.74x	-9.08x	-3.63x	-5.35x	-	-
Interest Coverage	-135.21x	-18.96x	-	-	-	-	15.59x	29.40x	-28.79x	-12.08x
Total Equity+	72.65M	65.34M	90.48M	93.09M	87.45M	81.52M	85.63M	98.37M	88.36M	82.36M
Equity Growth %	0.36%	-0.1%	0.38%	0.03%	-0.06%	-0.07%	0.05%	0.15%	-0.1%	-0.07%
Book Value per Share	6.04	4.96	6.70	6.18	6.14	5.76	5.97	6.94	6.28	5.80
Total Shareholders' Equity	72.83M	67.06M	90.48M	93.09M	87.45M	81.52M	85.63M	98.37M	88.36M	82.36M
Common Stock	131K	132K	147K	142K	143K	141K	143K	140K	142K	143K
Retained Earnings	-28.82M	-35.83M	-26.7M	-21.39M	-26.56M	-42.41M	-40.9M	-24.46M	-37.05M	-45.53M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-8.67M	-8.88M	-8.53M	-9.97M	-11.23M	-646K	14K	-1.77M	-1.7M	-720K
Minority Interest	-187K	-1.72M	0	0	0	0	0	0	0	0

Cash Flow

	Sep 2015	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024
Cash from Operations+	-10.07M	-9.69M	11.79M	6.79M	173K	-1.66M	-5.96M	5.2M	-7.7M	9.84M
Operating CF Margin %	-0.1%	-0.08%	0.07%	0.04%	0%	-0.03%	-0.07%	0.05%	-0.07%	0.1%
Operating CF Growth %	0.09%	0.04%	2.22%	-0.42%	-0.97%	-10.62%	-2.58%	1.87%	-2.48%	2.28%
Net Income	-6.72M	-8.55M	8.09M	5.3M	-5.16M	-15.72M	1.51M	17.37M	-12.58M	-8.49M
Depreciation & Amortization	3.36M	2.97M	2.49M	1.85M	1.69M	1.26M	1.4M	1.73M	5.01M	3.03M
Stock-Based Compensation	1.16M	1.39M	1.33M	855K	573K	326K	401K	543K	1.27M	1.53M
Deferred Taxes	454K	2.28M	-27K	209K	220K	218K	-65K	592K	-2.51M	-84K
Other Non-Cash Items	-8.87M	-831K	420K	4.53M	2.75M	14.52M	631K	-12.39M	8.02M	8.28M
Working Capital Changes	547K	-6.95M	-511K	-5.96M	104K	-2.26M	-9.84M	-2.63M	-6.91M	5.57M
Change in Receivables	1.7M	-5M	-8.65M	3.27M	299K	1.36M	-11.02M	-2.48M	4.41M	9.24M
Change in Inventory	-1.31M	491K	-6.64M	3.96M	-435K	-913K	-5.18M	-3.68M	-6.29M	5.13M
Change in Payables	939K	-225K	5.37M	-10.16M	-1.79M	-3.62M	5.47M	-1.08M	1.46M	-4.94M
Cash from Investing+	8.28M	11.17M	-1.22M	4.35M	-1.83M	-12.62M	-8.09M	18.77M	-37.83M	-2.18M
Capital Expenditures	-610K	-978K	-1.26M	-1.5M	-714K	-2.68M	-3.01M	-1.14M	-2.9M	-4.88M
CapEx % of Revenue	0.01%	0.01%	0.01%	0.01%	0.01%	0.04%	0.04%	0.01%	0.03%	0.05%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	700K	5.14M	40K	5.85M	-1.11M	-9.94M	0	19.91M	6K	2.7M
Cash from Financing+	805K	457K	12.7M	-2.48M	-157K	-1.5M	1.17M	-8.27M	11.74M	-10.63M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	30K	0	18K	1.89M	0	877K	1.55M	720K	1.24M	-26K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-10.68M	-10.67M	10.53M	5.29M	-541K	-4.34M	-8.97M	4.07M	-10.6M	4.96M
FCF Margin %	-0.1%	-0.09%	0.06%	0.03%	-0.01%	-0.07%	-0.11%	0.04%	-0.09%	0.05%
FCF Growth %	0.08%	0%	1.99%	-0.5%	-1.1%	-7.02%	-1.07%	1.45%	-3.6%	1.47%
FCF per Share	-0.89	-0.81	0.78	0.35	-0.04	-0.31	-0.63	0.29	-0.75	0.35
FCF Conversion (FCF/Net Income)	1.30x	1.38x	1.29x	1.28x	0.06x	0.43x	-3.95x	0.30x	0.61x	-1.16x
Interest Paid	440K	305K	269K	304K	0	265K	241K	164K	461K	558K
Taxes Paid	5.11M	116K	146K	980K	0	2.12M	1.87M	386K	2.82M	623K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-12.31%	-10.16%	11.72%	5.78%	3.47%	-4.62%	1.8%	18.88%	-13.48%	-9.94%
Return on Invested Capital (ROIC)	-24.62%	-11.4%	16.33%	3.16%	12.88%	4.74%	4.91%	5.55%	-13.97%	-5.42%
Gross Margin	25.75%	28.31%	31.57%	31.26%	39.23%	37.34%	40.53%	37.17%	31.37%	35.8%
Net Margin	-7.41%	-5.83%	5.55%	3.01%	3.69%	-5.97%	1.77%	16.34%	-11.1%	-8.38%
Debt / Equity	0.13x	0.16x	0.09x	0.09x	0.06x	0.13x	0.17x	0.12x	0.25x	0.21x
Interest Coverage	-135.21x	-18.96x	-	-	-	-	15.59x	29.40x	-28.79x	-12.08x
FCF Conversion	1.30x	1.38x	1.29x	1.28x	0.06x	0.43x	-3.95x	0.30x	0.61x	-1.16x
Revenue Growth	85.63%	14.71%	36.75%	7.24%	-51.8%	-23.02%	30.16%	24.76%	6.6%	-10.68%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Semiconductor Equipment	37.25M	50.64M	67.24M	80.16M	66.45M	54.52M	72.09M	87.98M	77.59M	-
Semiconductor Equipment Growth	-	35.94%	32.78%	19.22%	-17.10%	-17.97%	32.23%	22.05%	-11.81%	-
Material And Substrate	-	-	-	-	-	-	13.12M	18.32M	35.72M	-
Material And Substrate Growth	-	-	-	-	-	-	-	39.61%	95.02%	-
Si C L E D	-	-	-	-	13.68M	10.3M	-	-	-	-
Si C L E D Growth	-	-	-	-	-	-24.69%	-	-	-	-
Automation	-	-	-	-	4.9M	-	-	-	-	-
Automation Growth	-	-	-	-	-	-	-	-	-	-
Solar Equipment	56.69M	60.95M	87.03M	82.5M	-	-	-	-	-	-
Solar Equipment Growth	-	7.51%	42.80%	-5.20%	-	-	-	-	-	-
Polishing Supplies And Equipment	10.94M	8.72M	10.25M	13.76M	-	-	-	-	-	-
Polishing Supplies And Equipment Growth	-	-20.28%	17.46%	34.28%	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
CHINA	9.72M	11.8M	12.67M	17.63M	9.5M	13.51M	22.83M	13.85M	24.97M	24.05M
CHINA Growth	-	21.33%	7.41%	39.15%	-46.13%	42.21%	68.97%	-39.31%	80.23%	-3.69%
Other Geographic Location	2.31M	3.26M	3.86M	3.54M	4.7M	3.86M	3.44M	3.25M	3.8M	3.83M
Other Geographic Location Growth	-	41.50%	18.30%	-8.37%	32.74%	-17.70%	-10.97%	-5.61%	16.94%	0.76%
UNITED STATES	37.48M	44.3M	60.95M	72.75M	65.94M	48.09M	-	-	-	-
UNITED STATES Growth	-	18.18%	37.59%	19.36%	-9.36%	-27.07%	-	-	-	-
FRANCE	8.39M	8.76M	5.59M	6.13M	4.9M	-	-	-	-	-
FRANCE Growth	-	4.42%	-36.20%	9.68%	-20.08%	-	-	-	-	-
NETHERLANDS	46.98M	52.19M	81.44M	76.37M	-	-	-	-	-	-
NETHERLANDS Growth	-	11.08%	56.05%	-6.23%	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Amtech Systems, Inc. (ASYS) reported $83.6M in revenue for fiscal year 2024. This represents a 66% decrease from $246.7M in 2011.

Amtech Systems, Inc. (ASYS) saw revenue decline by 10.7% over the past year.

Amtech Systems, Inc. (ASYS) reported a net loss of $31.9M for fiscal year 2024.

Dividend & Returns

Amtech Systems, Inc. (ASYS) has a return on equity (ROE) of -9.9%. Negative ROE indicates the company is unprofitable.

Amtech Systems, Inc. (ASYS) generated $6.2M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.