A Business at a Glance
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AMTECH SYSTEMS INC
ASYS
$227M
Mkt Cap
$15.89
-7.88%
AMTECH SYSTEMS INC (ASYS) has a 5-year average return on invested capital (ROIC) of -6.5%. This is below average and may indicate limited pricing power.
AMTECH SYSTEMS INC (ASYS) has a market capitalization of $230M. It is classified as a small-cap stock.
AMTECH SYSTEMS INC (ASYS) does not currently pay a regular dividend.
AMTECH SYSTEMS INC (ASYS) operates in the Special Industry Machinery, Nec industry, within the Industrials sector.
AMTECH SYSTEMS INC (ASYS) reported annual revenue of $79 million in its most recent fiscal year, based on SEC EDGAR filings.
AMTECH SYSTEMS INC (ASYS) has a net profit margin of -38.2%. The company is currently unprofitable.
AMTECH SYSTEMS INC (ASYS) generated $7 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
OUR COMPANY We provide equipment, consumables and services for semiconductor device packaging, wafer production and device fabrication. Our products are used to fabricate and package semiconductor devices, such as graphic processing units (GPU’s) used in AI applications, silicon carbide (SiC) and silicon (Si) power devices and other optical, analog and digital devices. We sell these products to semiconductor device packaging, electronic assembly and device fabrication companies worldwide. Our Thermal Processing Solutions includes conveyorized reflow equipment for advanced semiconductor packaging and electronic assembly, high temperature conveyorized furnaces for power semiconductor substrate and electronic components manufacturing, and diffusion furnaces for (SIC) and (Si) power device production. Our Semiconductor Fabrication Solutions include consumables, equipment and services for wafer polishing, dicing and cleaning.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 79M | 79M | 101M | 113M | 106M | 85M |
| Net Income | 2.4M | -30M | -8.5M | -13M | 17M | 1.5M |
| EPS | $0.17 | $-2.12 | $-0.60 | $-0.89 | $1.22 | $0.11 |
| Free Cash Flow | 9.7M | 6.9M | 5.0M | -11M | 4.1M | -9.0M |
| ROIC | 7.9% | -44.5% | -9.3% | -12.7% | 29.3% | 4.5% |
| Gross Margin | 45.9% | 34.0% | 35.8% | 31.4% | 37.2% | 40.5% |
| Debt/Equity | 0.00 | 0.01 | 0.00 | 0.15 | 0.00 | 0.06 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 5.3M | -28M | -6.7M | -15M | 17M | 3.7M |
| Operating Margin | 6.8% | -35.9% | -6.6% | -13.2% | 16.3% | 4.4% |
| ROE | 4.4% | -44.7% | -9.9% | -13.5% | 18.9% | 1.8% |
| Shares Outstanding | 14M | 14M | 14M | 14M | 14M | 14M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 57M | 105M | 120M | 165M | 100M | 85M | 65M | 85M | 106M | 113M | 101M | 79M | 79M |
| Gross Margin | 20.6% | 25.8% | 28.3% | 18.9% | 36.9% | 39.2% | 37.3% | 40.5% | 37.2% | 31.4% | 35.8% | 34.0% | 45.9% |
| R&D | 11M | 13M | 9.5M | 3.0M | 2.9M | 3.1M | 3.7M | 6.0M | 6.4M | N/A | N/A | N/A | N/A |
| SG&A | 18M | 33M | 34M | 25M | 26M | 24M | 21M | 25M | 28M | 42M | 34M | 29M | 28M |
| EBIT | -13M | -14M | -7.9M | 3.6M | 6.1M | 4.9M | N/A | 3.7M | 17M | -15M | -6.7M | -28M | 5.3M |
| Op. Margin | -23.2% | -12.9% | -6.6% | 2.2% | 6.1% | 5.8% | N/A | 4.4% | 16.3% | -13.2% | -6.6% | -35.9% | 6.8% |
| Net Income | -13M | -7.8M | -7.0M | 9.1M | 5.3M | -5.2M | -16M | 1.5M | 17M | -13M | -8.5M | -30M | 2.4M |
| Net Margin | -23.1% | -7.4% | -5.8% | 5.6% | 5.3% | -6.1% | -24.0% | 1.8% | 16.3% | -11.1% | -8.4% | -38.2% | 3.1% |
| Non-Recurring | 0 | 721K | 144K | 394K | 6.7M | 2.7M | -13M | 630K | 13M | 3.3M | 8.9M | 21M | 21M |
| Returns on Capital | |||||||||||||
| ROIC | -21.3% | -11.4% | -8.9% | 4.6% | 8.1% | 6.4% | N/A | 4.5% | 29.3% | -12.7% | -9.3% | -44.5% | 7.9% |
| ROE | -21.3% | -12.1% | -10.0% | 11.6% | 5.8% | -5.7% | -18.6% | 1.8% | 18.9% | -13.5% | -9.9% | -44.7% | 4.4% |
| ROA | -13.0% | -7.2% | -5.7% | 5.9% | 3.1% | -3.7% | -13.8% | 1.4% | 13.9% | -9.3% | -6.6% | -28.6% | 2.5% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | -11M | -10M | -9.7M | 34M | -14M | 173K | -1.7M | -6.0M | 5.2M | -7.7M | 9.8M | 7.9M | 11M |
| Free Cash Flow | -12M | -11M | -11M | 33M | -15M | -541K | -4.3M | -9.0M | 4.1M | -11M | 5.0M | 6.9M | 9.7M |
| Owner Earnings | -14M | -15M | -14M | 30M | -16M | -2.1M | -3.2M | -7.8M | 2.9M | -14M | 5.3M | 3.9M | 7.4M |
| CapEx | 462K | 610K | 978K | 1.3M | 1.5M | 714K | 2.7M | 3.0M | 1.1M | 2.9M | 4.9M | 950K | 1.3M |
| Maint. CapEx | 2.4M | 3.4M | 3.0M | 2.5M | 1.9M | 1.7M | 1.3M | 1.4M | 1.7M | 5.0M | 3.0M | 2.7M | 2.4M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 1.4M | 1.6M | 0 | 0 | 1.8M | 0 | 0 |
| D&A | 2.4M | 3.4M | 3.0M | 2.5M | 1.9M | 1.7M | 1.3M | 1.4M | 1.7M | 5.0M | 3.0M | 2.7M | 2.4M |
| CapEx/OCF | N/A | N/A | N/A | 10.7% | N/A | 412.7% | N/A | N/A | 21.8% | N/A | 49.6% | 12.1% | 11.6% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 4.0M | 0 | 2.0M | 0 | 4.1M | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | 4.9% | N/A | 2.8% | N/A | 3.2% | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 795K | 1.2M | 1.4M | 1.3M | 855K | 573K | 326K | 401K | 543K | 1.3M | 1.5M | 1.2M | 1.2M |
| Debt Repayment | 0 | 482K | 739K | 674K | 368K | 376K | 379K | 380K | 4.9M | 1.5M | 11M | 93K | 93K |
| Balance Sheet | |||||||||||||
| Net Debt | -27M | -16M | -17M | -43M | -40M | -47M | -40M | -28M | -47M | -181K | -11M | -17M | -24M |
| Cash & Equiv. | 27M | 26M | 28M | 51M | 46M | 53M | 45M | 33M | 47M | 13M | 11M | 18M | 24M |
| Long-Term Debt | 0 | 8.4M | 9.1M | 8.1M | 5.5M | 5.2M | 4.8M | 4.4M | 180K | 11M | 290K | 294K | 129K |
| Debt/Equity | 0.00 | 0.13 | 0.15 | 0.09 | 0.06 | 0.06 | 0.06 | 0.06 | 0.00 | 0.15 | 0.00 | 0.01 | 0.00 |
| Interest Coverage | -32.7 | -45.1 | -19.8 | 9.1 | 3.0 | 49.2 | N/A | 15.6 | 105.4 | -28.8 | -12.1 | -1095.7 | 190.1 |
| Equity | 55M | 73M | 67M | 90M | 93M | 87M | 82M | 86M | 98M | 88M | 82M | 53M | 56M |
| Total Assets | 90M | 125M | 118M | 192M | 149M | 126M | 102M | 117M | 134M | 137M | 119M | 93M | 97M |
| Total Liabilities | 36M | 53M | 53M | 101M | 56M | 39M | 21M | 31M | 35M | 49M | 37M | 39M | 41M |
| Intangibles | 2.7M | 4.9M | 4.1M | 3.5M | 1.1M | 870K | 609K | 858K | 758K | 6.1M | 4.0M | 1.1M | 1.0M |
| Retained Earnings | -21M | -29M | -36M | -27M | -21M | -27M | -42M | -41M | -24M | -37M | -46M | -76M | -75M |
| Working Capital | 32M | 46M | 45M | 71M | 83M | 78M | 69M | 66M | 80M | 51M | 44M | 40M | 43M |
| Current Assets | 65M | 86M | 83M | 157M | 130M | 108M | 77M | 81M | 103M | 81M | 65M | 60M | 67M |
| Current Liabilities | 33M | 39M | 38M | 86M | 48M | 31M | 7.5M | 15M | 23M | 30M | 20M | 20M | 23M |
| Per Share Data | |||||||||||||
| EPS | -1.34 | -0.65 | -0.53 | 0.68 | 0.35 | -0.36 | -1.11 | 0.11 | 1.22 | -0.89 | -0.60 | -2.12 | 0.17 |
| Owner EPS | -1.47 | -1.22 | -1.06 | 2.25 | -1.09 | -0.15 | -0.23 | -0.57 | 0.21 | -0.99 | 0.37 | 0.27 | 0.51 |
| Book Value | 5.66 | 6.09 | 5.07 | 6.74 | 6.14 | 6.10 | 5.76 | 6.25 | 6.91 | 6.25 | 5.82 | 3.73 | 3.86 |
| Cash Flow/Share | -1.14 | -0.84 | -0.73 | 2.54 | -0.91 | 0.01 | -0.12 | -0.43 | 0.37 | -0.54 | 0.70 | 0.55 | 0.34 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 9.7M | 12.0M | 13.2M | 13.4M | 15.2M | 14.3M | 14.2M | 13.7M | 14.2M | 14.1M | 14.1M | 14.3M | 14.5M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | N/A | N/A | 17.2 | 15.3 | N/A | N/A | 105.5 | 7.5 | N/A | N/A | N/A | 93.6 |
| P/FCF | N/A | N/A | N/A | 4.8 | N/A | N/A | N/A | N/A | 31.9 | N/A | 17.4 | 19.5 | 23.7 |
| EV/EBIT | N/A | N/A | N/A | 11.0 | 6.7 | 5.8 | N/A | 34.0 | 4.8 | N/A | N/A | N/A | 38.7 |
| Price/Book | 1.9 | 0.7 | 1.0 | 1.7 | 0.9 | 0.9 | 0.9 | 1.9 | 1.3 | 1.2 | 1.0 | 2.5 | 4.1 |
| Price/Sales | 1.7 | 1.1 | 0.6 | 0.6 | 1.3 | 0.9 | 1.2 | 1.4 | 1.3 | 1.1 | 0.8 | 0.9 | 2.9 |
| FCF Yield | -11.2% | -19.9% | -16.3% | 20.9% | -18.9% | -0.7% | -6.1% | -5.6% | 3.1% | -9.8% | 5.8% | 5.1% | 4.2% |
| Market Cap | 103M | 54M | 66M | 157M | 81M | 76M | 71M | 159M | 130M | 108M | 86M | 135M | 230M |
| Avg. Price | 9.64 | 9.27 | 5.67 | 6.85 | 8.62 | 5.36 | 5.38 | 8.91 | 9.74 | 9.15 | 5.71 | 5.22 | 15.89 |
| Year-End Price | 10.62 | 4.48 | 4.96 | 11.71 | 5.34 | 5.29 | 5.03 | 11.60 | 9.11 | 7.62 | 6.09 | 9.44 | 15.89 |
AMTECH SYSTEMS INC passes 1 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 28.5x vs a median of 18.4x. The company's 5-year average gross margin is 35.8%. At current prices, the estimated annualized return to fair value is -3.3%.
AMTECH SYSTEMS INC (ASYS) has a debt-to-equity ratio of 0.01. This indicates a conservatively financed balance sheet.
AMTECH SYSTEMS INC (ASYS) reported earnings per share (EPS) of $-2.12 in its most recent fiscal year.
AMTECH SYSTEMS INC (ASYS) has a return on equity (ROE) of -44.7%. A negative ROE may indicate losses or negative equity.
AMTECH SYSTEMS INC (ASYS) has a 5-year average gross margin of 35.8%. This indicates decent pricing power.
The Ledger Terminal provides 17 years of financial data for AMTECH SYSTEMS INC (ASYS), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
AMTECH SYSTEMS INC (ASYS) has a book value per share of $3.73, based on its most recent annual SEC filing.