ASYS Stock Analysis: Amtech Systems | NASDAQ
Semiconductor Equipment & Materials | NASDAQ, USA | Market Cap: 249m USD | 12M Return: 71.5% | US0323325045 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 4.11M
Qual. Beats: 0
Rev. Trend: -94.7%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Amtech Systems, Inc. (NASDAQ: ASYS) is a U.S.-based manufacturer of capital equipment and related consumables used in the fabrication and packaging of semiconductor devices. Founded in 1981 and headquartered in Tempe, Arizona, the company operates two segments-Thermal Processing Solutions and Semiconductor Fabrication Solutions-and sells its products globally across the Americas, Europe, and Asia. Its product portfolio includes solder reflow thermal processing equipment, belt furnaces for power semiconductor packaging substrates, horizontal diffusion furnaces for wafer processing, and wafer cleaning systems, marketed under the Entrepix, PR Hoffman, and Intersurface Dynamics brands. Amtechs customers include semiconductor substrate and device manufacturers, electronic assembly producers, and the ceramics and optics industries, served through a combination of direct sales personnel, independent representatives, and distributors.
As a small-cap company (~$380M market capitalization) in the Semiconductor Materials & Equipment sub-industry, Amtech supplies specialized tools to both front-end wafer processing and back-end packaging stages of the semiconductor supply chain. Its recurring-revenue consumables business, which includes process chemicals, polishing templates, and lubricants, complements the more cyclical capital equipment sales typical of the broader semiconductor manufacturing equipment sector.
- Power semiconductor thermal processing orders accelerate on EV demand
- China revenue concentration exposes ASYS to tariff and export control risk
- CMP consumables and service revenue expands margins and recurring mix
| Net Income: 3.45m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA -1.37 > 1.0 |
| NWC/Revenue: 127.4% < 20% (prev 46.53%; Δ 80.84% < -1%) |
| CFO/TA 0.06 > 3% & CFO 9.58m > Net Income 3.45m |
| Net Debt (-65.2m) to EBITDA (9.81m): -6.65 < 3 |
| Current Ratio: 5.41 > 1.5 & < 3 |
| Outstanding Shares: last quarter (16.0m) vs 12m ago 12.06% < -2% |
| Gross Margin: 46.86% > 18% (prev 33.45%; Δ 13.41% > 0.5%) |
| Asset Turnover: 66.35% > 50% (prev 93.48%; Δ -27.14% > 0%) |
| Interest Coverage Ratio: 245.2 > 6 (EBIT TTM 6.13m / Interest Expense TTM 25.0k) |
| A: 0.66 (Total Current Assets 127.6m - Total Current Liabilities 23.6m) / Total Assets 156.7m |
| B: -0.47 (Retained Earnings -72.9m / Total Assets 156.7m) |
| C: 0.05 (EBIT TTM 6.13m / Avg Total Assets 123.1m) |
| D: 2.81 (Book Value of Equity 115.6m / Total Liabilities 41.1m) |
| Altman-Z'' = 6.12 = AAA |
| DSRI: 1.06 (Receivables 19.8m/19.2m, Revenue 81.7m/83.6m) |
| GMI: 0.71 (GM 33.45% / 46.86%) |
| AQI: 0.68 (AQ_t 0.03 / AQ_t-1 0.04) |
| SGI: 0.98 (Revenue 81.7m / 83.6m) |
| TATA: -0.04 (NI 3.45m - CFO 9.58m) / TA 156.7m) |
| Beneish M = -3.45 (Cap -4..+1) = AA |
As of September 29, 2026, the stock is trading at USD 15.85 with a total of 226,867 shares traded. Over the past week, the price has changed by +5.81%, over one month by +5.25%, over three months by -23.02% and over the past year by +71.54%.
Current recommended Stop Loss: 14.90 (which is 6% or 1.1 ATR below the current price).
Amtech Systems has received a consensus analysts rating of 3.50. Therefore, it is recommended to hold ASYS.
- StrongBuy: 0
- Buy: 1
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 22 | 38.8% |
P/E Trailing = 52.5926
P/E Forward = 11.4286
P/S = 3.0443
P/B = 2.1627
P/EG = 0.3675
Revenue TTM = 81.7m USD
EBIT TTM = 6.13m USD
EBITDA TTM = 9.81m USD
Long Term Debt = 15.7m USD (estimated: total debt 17.9m - short term 2.16m)
Short Term Debt = 2.16m USD (from shortTermDebt, last quarter)
Debt = 17.9m USD (from shortLongTermDebtTotal, last quarter) (leases 17.9m already included)
Net Debt = -65.2m USD (calculated: Debt 17.9m - CCE 83.1m)
Enterprise Value = 183.4m USD (248.6m + Debt 17.9m - CCE 83.1m)
Interest Coverage Ratio = 245.2 (Ebit TTM 6.13m / Interest Expense TTM 25.0k)
EV/FCF = 20.99x (Enterprise Value 183.4m / FCF TTM 8.74m)
FCF Yield = 4.76% (FCF TTM 8.74m / Enterprise Value 183.4m)
FCF Margin = 10.70% (FCF TTM 8.74m / Revenue TTM 81.7m)
Net Margin = 4.23% (Net Income TTM 3.45m / Revenue TTM 81.7m)
Gross Margin = 46.86% ((Revenue TTM 81.7m - Cost of Revenue TTM 43.4m) / Revenue TTM)
Gross Margin QoQ = 50.01% (prev 47.73%)
Tobins Q-Ratio = 1.17 (Enterprise Value 183.4m / Total Assets 156.7m)
Interest Expense / Debt = 0.14% (Interest Expense 25.0k / Debt 17.9m)
Taxrate = 42.17% (2.52m / 5.97m)
NOPAT = 3.54m (EBIT 6.13m * (1 - 42.17%))
Current Ratio = 5.41 (Total Current Assets 127.6m / Total Current Liabilities 23.6m)
Debt / Equity = 0.15 (Debt 17.9m / totalStockholderEquity, last quarter 115.6m)
Debt / EBITDA = -6.65 (Net Debt -65.2m / EBITDA 9.81m)
Debt / FCF = -7.46 (Net Debt -65.2m / FCF TTM 8.74m)
Total Stockholder Equity = 69.8m (last 4 quarters mean from totalStockholderEquity)
RoA = 2.80% (Net Income 3.45m / Total Assets 156.7m)
RoE = 4.95% (Net Income TTM 3.45m / Total Stockholder Equity 69.8m)
RoCE = 7.17% (EBIT 6.13m / Capital Employed (Equity 69.8m + L.T.Debt 15.7m))
RoIC = 2.70% (NOPAT 3.54m / Invested Capital 131.2m)
WACC = 12.88% (E(248.6m)/V(266.5m) * Re(13.80%) + D(17.9m)/V(266.5m) * Rd(0.14%) * (1-Tc(0.42)))
Discount Rate = 13.80% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 75.72 | Cagr: 5.53%
[DCF] Terminal Value 64.76% ; FCFF base≈7.73m ; Y1≈8.86m ; Y5≈13.0m
[DCF] Fair Price = 9.92 (EV 108.5m - Net Debt -65.2m = Equity 173.7m / Shares 17.5m; r=12.88% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.35 | # QB: 0
Revenue Correlation: -94.65 | Revenue CAGR: -15.33% | SUE: 0.51 | # QB: 0
EPS current Quarter (2026-12-31): EPS=0.00 | Chg30d=N/A | Revisions=N/A | Analysts=0
EPS current Year (2026-09-30): EPS=0.41 | Chg30d=+28.12% | Revisions=+25% | GrowthEPS=+720.0% | GrowthRev=+8.1%
EPS next Year (2027-09-30): EPS=1.25 | Chg30d=+56.25% | Revisions=+25% | GrowthEPS=+204.9% | GrowthRev=+39.9%