ASYS Stock Analysis: Amtech Systems | NASDAQ
Semiconductor Equipment & Materials | NASDAQ, USA | Market Cap: 239m USD | 12M Return: 246.3% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 6.43M
Qual. Beats: 0
Rev. Trend: -96.9%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 11.6 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: 1.99m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.10 > 0.02 and ΔFCF/TA 4.52 > 1.0 |
| NWC/Revenue: 54.97% < 20% (prev 41.23%; Δ 13.74% < -1%) |
| CFO/TA 0.11 > 3% & CFO 11.0m > Net Income 1.99m |
| Net Debt (-5.66m) to EBITDA (7.13m): -0.79 < 3 |
| Current Ratio: 2.87 > 1.5 & < 3 |
| Outstanding Shares: last quarter (14.8m) vs 12m ago 3.75% < -2% |
| Gross Margin: 45.93% > 18% (prev 31.49%; Δ 14.44% > 0.5%) |
| Asset Turnover: 87.21% > 50% (prev 108.9%; Δ -21.68% > 0%) |
| Interest Coverage Ratio: 168.5 > 6 (EBIT TTM 4.72m / Interest Expense TTM 28.0k) |
| A: 0.44 (Total Current Assets 66.5m - Total Current Liabilities 23.2m) / Total Assets 97.4m |
| B: -0.77 (Retained Earnings -74.6m / Total Assets 97.4m) |
| C: 0.05 (EBIT TTM 4.72m / Avg Total Assets 90.4m) |
| D: 1.35 (Book Value of Equity 56.0m / Total Liabilities 41.4m) |
| Altman-Z'' = 2.19 = BBB |
| DSRI: 1.34 (Receivables 18.9m/16.3m, Revenue 78.8m/90.8m) |
| GMI: 0.69 (GM 31.49% / 45.93%) |
| AQI: 1.03 (AQ_t 0.04 / AQ_t-1 0.04) |
| SGI: 0.87 (Revenue 78.8m / 90.8m) |
| TATA: -0.09 (NI 1.99m - CFO 11.0m) / TA 97.4m) |
| Beneish M = -3.12 (Cap -4..+1) = AA |
As of August 03, 2026, the stock is trading at USD 15.34 with a total of 259,933 shares traded. Over the past week, the price has changed by -3.46%, over one month by -18.40%, over three months by -6.92% and over the past year by +246.28%.
Current recommended Stop Loss: 12.10 (which is 21.1% or 2.1 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 | 43.4% |
P/E Trailing = 80.2941
P/E Forward = 18.315
P/S = 3.0271
P/B = 4.5772
P/EG = 0.3675
Revenue TTM = 78.8m USD
EBIT TTM = 4.72m USD
EBITDA TTM = 7.13m USD
Long Term Debt = 16.4m USD (estimated: total debt 18.8m - short term 2.31m)
Short Term Debt = 2.31m USD (from shortTermDebt, last quarter)
Debt = 18.8m USD (from shortLongTermDebtTotal, last quarter) (leases 18.8m already included)
Net Debt = -5.66m USD (calculated: Debt 18.8m - CCE 24.4m)
Enterprise Value = 233.0m USD (238.7m + Debt 18.8m - CCE 24.4m)
Interest Coverage Ratio = 168.5 (Ebit TTM 4.72m / Interest Expense TTM 28.0k)
EV/FCF = 23.96x (Enterprise Value 233.0m / FCF TTM 9.72m)
FCF Yield = 4.17% (FCF TTM 9.72m / Enterprise Value 233.0m)
FCF Margin = 12.33% (FCF TTM 9.72m / Revenue TTM 78.8m)
Net Margin = 2.52% (Net Income TTM 1.99m / Revenue TTM 78.8m)
Gross Margin = 45.93% ((Revenue TTM 78.8m - Cost of Revenue TTM 42.6m) / Revenue TTM)
Gross Margin QoQ = 47.73% (prev 44.76%)
Tobins Q-Ratio = 2.39 (Enterprise Value 233.0m / Total Assets 97.4m)
Interest Expense / Debt = 0.15% (Interest Expense 28.0k / Debt 18.8m)
Taxrate = 30.10% (502k / 1.67m)
NOPAT = 3.30m (EBIT 4.72m * (1 - 30.10%))
Current Ratio = 2.87 (Total Current Assets 66.5m / Total Current Liabilities 23.2m)
Debt / Equity = 0.33 (Debt 18.8m / totalStockholderEquity, last quarter 56.0m)
Debt / EBITDA = -0.79 (Net Debt -5.66m / EBITDA 7.13m)
Debt / FCF = -0.58 (Net Debt -5.66m / FCF TTM 9.72m)
Total Stockholder Equity = 53.8m (last 4 quarters mean from totalStockholderEquity)
RoA = 2.20% (Net Income 1.99m / Total Assets 97.4m)
RoE = 3.70% (Net Income TTM 1.99m / Total Stockholder Equity 53.8m)
RoCE = 6.72% (EBIT 4.72m / Capital Employed (Equity 53.8m + L.T.Debt 16.4m))
RoIC = 4.54% (NOPAT 3.30m / Invested Capital 72.6m)
WACC = 12.77% (E(238.7m)/V(257.4m) * Re(13.76%) + D(18.8m)/V(257.4m) * Rd(0.15%) * (1-Tc(0.30)))
Discount Rate = 13.76% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 85.76 | Cagr: 1.99%
[DCF] Terminal Value 65.06% ; FCFF base≈7.66m ; Y1≈8.78m ; Y5≈12.9m
[DCF] Fair Price = 6.54 (EV 108.7m - Net Debt -5.66m = Equity 114.4m / Shares 17.5m; r=12.77% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.43 | # QB: 0
Revenue Correlation: -96.87 | Revenue CAGR: -16.29% | SUE: 0.53 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.10 | Chg30d=+42.86% | Revisions=+0% | Analysts=1
EPS current Year (2026-09-30): EPS=0.32 | Chg30d=+28.00% | Revisions=-25% | GrowthEPS=+540.0% | GrowthRev=+5.1%
EPS next Year (2027-09-30): EPS=0.80 | Chg30d=+6.67% | Revisions=+0% | GrowthEPS=+150.0% | GrowthRev=+13.9%