Overview Dividends

(ASYS) Amtech Systems - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US0323325045

Thermal Equipment, Wafer Cleaners, Wafer Carriers, Processing Chemicals, Coolants

ASYS EPS (Earnings per Share)

EPS Growth (3Y CAGR): 8.38%
EPS Trend (3Y Correlation): 23.0%

ASYS Revenue

Revenue Growth (3Y CAGR): -16.69%
Revenue Trend (3Y Correlation): -69.6%

Risk via 10d forecast
Volatility	73.7%
Value at Risk 5%th	93.1%

Reward
Sharpe Ratio	0.77
Alpha Jensen	16.84

Character
Hurst Exponent	0.407
Beta	1.653

Drawdowns 3y
Max DD	70.04%
Mean DD	40.30%

Description: ASYS Amtech Systems October 19, 2025

Amtech Systems Inc. (NASDAQ: ASYS) designs, manufactures, and sells capital equipment and consumables for silicon-carbide and silicon power device fabrication, as well as advanced semiconductor packaging and electronic assembly. The business is organized into two segments-Thermal Processing Solutions and Semiconductor Fabrication Solutions-and serves customers across North America, Europe, and Asia through a mix of direct sales and independent distributors.

Key industry drivers that directly affect Amtech include the rapid growth of electric-vehicle (EV) adoption, which is boosting demand for silicon-carbide power modules, and the ongoing “chip-on-board” trend that raises the need for high-temperature belt furnaces and reflow ovens. As of Q2 2024, the global silicon-carbide market is expanding at an estimated 18 % CAGR, and Amtech’s order backlog was reported at roughly $120 million-about 1.5 × its quarterly revenue-indicating strong forward visibility. The company’s R&D spend has risen to roughly 7 % of sales, reflecting a strategic focus on next-generation wafer-cleaning and diffusion technologies.

For a deeper, data-driven assessment of Amtech’s valuation metrics and competitive positioning, you may find ValueRay’s analytical platform a useful next step.

ASYS Stock Overview

Market Cap in USD	114m
Sub-Industry	Semiconductor Materials & Equipment
IPO / Inception	1984-09-07
Return 12m vs S&P 500	17.2%
Analyst Rating	3.50 of 5

ASYS Dividends

Currently no dividends paid

ASYS Growth Ratios

CAGR	-8.68%
CAGR/Max DD Calmar Ratio	-0.12
CAGR/Mean DD Pain Ratio	-0.22
Current Volume	174.1k
Average Volume	147.9k

Piotroski VR‑10 (Strict, 0-10) 3.5

Net Income (-31.9m TTM) > 0 and > 6% of Revenue (6% = 5.02m TTM)

FCFTA 0.07 (>2.0%) and ΔFCFTA 5.27pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 46.53% (prev 41.02%; Δ 5.51pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.07 (>3.0%) and CFO 6.49m > Net Income -31.9m (YES >=105%, WARN >=100%)

NO Net Debt/EBITDA fails (EBITDA <= 0)

Current Ratio 3.07 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (14.3m) change vs 12m ago 0.42% (target <= -2.0% for YES)

Gross Margin 33.45% (prev 28.69%; Δ 4.76pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 77.25% (prev 82.49%; Δ -5.24pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio -390.9 (EBITDA TTM -27.2m / Interest Expense TTM 77.0k) >= 6 (WARN >= 3)

Altman Z'' -3.98

(A) 0.43 = (Total Current Assets 57.8m - Total Current Liabilities 18.8m) / Total Assets 89.5m

(B) -0.86 = Retained Earnings (Balance) -76.9m / Total Assets 89.5m

(D) -2.06 = Book Value of Equity -77.9m / Total Liabilities 37.7m

Total Rating: -3.98 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 33.89

1. Piotroski 3.50pt = -1.50

2. FCF Yield 5.32% = 2.66

3. FCF Margin 7.43% = 1.86

4. Debt/Equity 0.37 = 2.43

5. Debt/Ebitda -0.12 = -2.50

6. ROIC - WACC (= -15.65)% = -12.50

7. RoE -47.74% = -2.50

8. Rev. Trend -69.56% = -5.22

9. EPS Trend 23.03% = 1.15

What is the price of ASYS shares?

As of November 12, 2025, the stock is trading at USD 7.75 with a total of 174,138 shares traded.
Over the past week, the price has changed by +7.64%, over one month by -16.58%, over three months by +63.16% and over the past year by +35.25%.

Is Amtech Systems a good stock to buy?

No, based on ValueRay´s Fundamental Analyses, Amtech Systems (NASDAQ:ASYS) is currently (November 2025) a stock to sell. It has a ValueRay Fundamental Rating of 33.89 and therefor a negative outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of ASYS is around 6.62 USD . This means that ASYS is currently overvalued and has a potential downside of -14.58%.

Is ASYS a buy, sell or hold?

Amtech Systems has received a consensus analysts rating of 3.50. Therefor, it is recommend to hold ASYS.

Strong Buy: 0
Buy: 1
Hold: 1
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the ASYS price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	6	-22.6%
Analysts Target Price	6	-22.6%
ValueRay Target Price	7.5	-3.2%

ASYS Fundamental Data Overview November 04, 2025

Market Cap USD = 113.5m (113.5m USD * 1.0 USD.USD)
P/E Forward = 59.1716
P/S = 1.3572
P/B = 2.4632
P/EG = 2.84
Beta = 1.653
Revenue TTM = 83.6m USD
EBIT TTM = -30.1m USD
EBITDA TTM = -27.2m USD
Long Term Debt = 19.0m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 1.94m USD (from shortTermDebt, last quarter)
Debt = 19.0m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 3.40m USD (from netDebt column, last quarter)
Enterprise Value = 116.9m USD (113.5m + Debt 19.0m - CCE 15.6m)
Interest Coverage Ratio = -390.9 (Ebit TTM -30.1m / Interest Expense TTM 77.0k)
FCF Yield = 5.32% (FCF TTM 6.22m / Enterprise Value 116.9m)
FCF Margin = 7.43% (FCF TTM 6.22m / Revenue TTM 83.6m)
Net Margin = -38.18% (Net Income TTM -31.9m / Revenue TTM 83.6m)
Gross Margin = 33.45% ((Revenue TTM 83.6m - Cost of Revenue TTM 55.7m) / Revenue TTM)
Gross Margin QoQ = 46.69% (prev -2.09%)
Tobins Q-Ratio = 1.31 (Enterprise Value 116.9m / Total Assets 89.5m)
Interest Expense / Debt = 0.03% (Interest Expense 5000 / Debt 19.0m)
Taxrate = 88.29% (799.0k / 905.0k)
NOPAT = -3.53m (EBIT -30.1m * (1 - 88.29%)) [loss with tax shield]
Current Ratio = 3.07 (Total Current Assets 57.8m / Total Current Liabilities 18.8m)
Debt / Equity = 0.37 (Debt 19.0m / totalStockholderEquity, last quarter 51.7m)
Debt / EBITDA = -0.12 (negative EBITDA) (Net Debt 3.40m / EBITDA -27.2m)
Debt / FCF = 0.55 (Net Debt 3.40m / FCF TTM 6.22m)
Total Stockholder Equity = 66.9m (last 4 quarters mean from totalStockholderEquity)
RoA = -35.69% (Net Income -31.9m / Total Assets 89.5m)
RoE = -47.74% (Net Income TTM -31.9m / Total Stockholder Equity 66.9m)
RoCE = -35.06% (EBIT -30.1m / Capital Employed (Equity 66.9m + L.T.Debt 19.0m))
RoIC = -5.27% (negative operating profit) (NOPAT -3.53m / Invested Capital 66.9m)
WACC = 10.38% (E(113.5m)/V(132.5m) * Re(12.11%) + D(19.0m)/V(132.5m) * Rd(0.03%) * (1-Tc(0.88)))
Discount Rate = 12.11% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 0.44%
[DCF Debug] Terminal Value 54.57% ; FCFE base≈4.58m ; Y1≈3.01m ; Y5≈1.38m
Fair Price DCF = 1.12 (DCF Value 16.1m / Shares Outstanding 14.3m; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: 23.03 | EPS CAGR: 8.38% | SUE: 0.18 | # QB: 0
Revenue Correlation: -69.56 | Revenue CAGR: -16.69% | SUE: 1.23 | # QB: 1

Additional Sources for ASYS Stock

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Fund Manager Positions: Dataroma | Stockcircle