Camtek Ltd. (CAMT) Press Release
Corporate Events
Camtek Ltd. Provides Earnings Guidance for the Second Quarter of 2022
2022-05-12 13:00:00
Camtek Ltd. provided earnings guidance for the second quarter of 2022. current estimates, its guidance for second quarter of 2022 is for continued growth in revenue to between $77 million to $80 million.
Camtek Ltd. Announces Revenue Guidance for the First Quarter of 2022
2022-04-04 10:16:00
Camtek Ltd. announced that its revenues for the first quarter exceeded expectations, and it expects to report first quarter revenues of approximately $77 million.
Camtek Ltd., Q1 2022 Earnings Call, May 12, 2022
2022-04-04 10:16:00
Camtek Ltd., Q1 2022 Earnings Call, May 12, 2022
Camtek Ltd. to Report Q1, 2022 Results on May 12, 2022
2022-04-04 10:16:00
Camtek Ltd. announced that they will report Q1, 2022 results on May 12, 2022
Camtek Ltd. Provides Revenue Guidance for the First and Second Quarter of 2022
2022-02-10 11:00:00
Camtek Ltd. provided revenue guidance for the first and second quarter of 2022. With over $40 million of orders since the beginning of the year, management expects revenues in the first quarter of 2022 between $75-76 million with continued growth in the second quarter.
Camtek Receives Orders of Approximately $20 Million from Two Leading Tier-1 IDMs
2022-02-07 14:10:00
Camtek Ltd. announced that it received orders of approximately $20 million from 2 leading tier-1 IDMs. The systems will be mainly used for inspection and 3D metrology of the most technologically challenging applications.
Camtek Ltd. to Report Q4, 2021 Results on Feb 10, 2022
2022-01-31 12:00:00
Camtek Ltd. announced that they will report Q4, 2021 results on Feb 10, 2022
Camtek Ltd., Q4 2021 Earnings Call, Feb 10, 2022
2022-01-31 12:00:00
Camtek Ltd., Q4 2021 Earnings Call, Feb 10, 2022
Camtek Announces Pricing of Upsized Private Offering of $175 Million of 0% Convertible Senior Notes Due 2026
2021-11-19 11:07:00
Camtek Ltd. announced the pricing of $175 million aggregate principal amount of 0% Convertible Senior Notes due 2026 (the “Notes”) in a private offering (the “Offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The offering was upsized from the previously announced $140 million aggregate principal amount of the Notes. In addition, Camtek has granted to the initial purchasers of the Notes an option to purchase, for settlement within a 13-day period beginning on, and including, the date on which the Notes are first issued, up to an additional $25 million aggregate principal amount of the Notes. The sale of the Notes to the initial purchasers is expected to close on November 23, 2021, subject to customary closing conditions. The Notes will not bear regular interest, and the principal amount of the Notes will not accrete. The Notes will mature on December 1, 2026, unless earlier repurchased, redeemed or converted in accordance with their terms prior to such date. The Notes will be convertible based on an initial conversion rate of 17.1092 ordinary shares per $1,000 principal amount of notes, equivalent to an initial conversion price of approximately $58.45 per ordinary share, which represents a conversion premium of approximately 30% to the last reported sale price of Camtek’s ordinary shares on The Nasdaq Global Market on November 18, 2021. The conversion rate is subject to adjustment if certain events occur. Prior to the close of business on the business day immediately preceding August 1, 2026, the Notes will be convertible at the option of the holders of Notes only upon the occurrence of certain events, the satisfaction of certain conditions and during certain periods. On or after August 1, 2026 and until the close of business on the second scheduled trading day immediately preceding the maturity date, holders may convert all or any portion of their notes at any time irrespective of the foregoing conditions. The Notes will be convertible into cash, ordinary shares of Camtek or a combination thereof, with the form of consideration determined at Camtek’s election.
Camtek Ltd. has completed a Fixed-Income Offering in the amount of $175 million.
2021-11-18 00:00:00
Camtek Ltd. has completed a Fixed-Income Offering in the amount of $175 million. Security Name: Zero CouponSenior Unsecured Notes due December 1, 2026 Security Type: Corporate Bond/Note (Convertible) Principal Amount: $175 million Price\Range: 100% Security Features: Convertible; Senior; Zero Coupon Coupon Type: Zero Transaction Features: Rule 144A
Camtek Announces Proposed Private Offering of $140 Million of Convertible Senior Notes Due 2026
2021-11-17 21:05:00
Camtek Ltd. announced its intention to offer, subject to market conditions and other factors, $140 million aggregate principal amount of Convertible Senior Notes due 2026 (the “Notes”) in a proposed private offering (the “Offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). In addition, Camtek expects to grant the initial purchasers of the Notes an option to purchase, for settlement within a 13-day period beginning on, and including, the date on which the Notes are first issued, up to an additional $20 million aggregate principal amount of the Notes. The final terms of the Notes, including the initial conversion price, the interest rate and certain other terms, will be determined at the time of pricing of the Offering. When issued, the Notes will be senior, unsecured obligations of Camtek. The Notes will mature on December 1, 2026, unless earlier repurchased, redeemed or converted in accordance with their terms prior to such date. Prior to the close of business on the business day immediately preceding August 1, 2026, the Notes will be convertible at the option of the holders of Notes only upon the occurrence of certain events, the satisfaction of certain conditions and during certain periods. On or after August 1, 2026 until the close of business on the second scheduled trading day immediately preceding the maturity date, holders may convert all or any portion of their notes at any time irrespective of the foregoing conditions. The Notes will be convertible into cash, ordinary shares of Camtek or a combination thereof, with the form of consideration determined at Camtek’s election. Camtek may not redeem the Notes prior to December 6, 2024, except in the event of certain tax law changes. On or after December 6, 2024, Camtek may any time and from time to time redeem for cash all or part of the Notes (subject to certain partial redemption limitations), at Camtek’s option, if the last reported sale price of Camtek’s ordinary shares has been at least 130% of the conversion price then in effect for at least 20 trading days (whether or not consecutive) during any 30 consecutive trading day period (including the last trading day of such period) ending on, and including, the trading day immediately preceding the date on which Camtek provides notice of redemption, at a redemption price equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date. Holders of the Notes will have the right to require Camtek to repurchase all or a portion of their Notes upon the occurrence of a fundamental change (as defined in the indenture governing the Notes) at a cash repurchase price equal to 100% of the principal amount of the Notes to be repurchased, plus any accrued and unpaid interest to, but excluding the fundamental change repurchase date. Camtek intends to use the net proceeds from the offering for general corporate purposes, including, but not limited to, potential acquisitions, working capital, capital expenditures, investments, research and development and product development. Camtek has not determined the amount of net proceeds to be used specifically for the foregoing purposes and has no agreements or understandings with respect to any acquisition or investment at this time.
Camtek Ltd. has announced a Fixed-Income Offering.
2021-11-17 00:00:00
Camtek Ltd. has announced a Fixed-Income Offering. Security Name: Senior Unsecured Notes due December 1, 2026 Security Type: Corporate Bond/Note (Convertible) Principal Amount: $140 million Security Features: Convertible; Senior Transaction Features: Rule 144A
Camtek Ltd. Provides Earnings Guidance for the Fourth Quarter of 2021
2021-10-27 10:40:00
Camtek Ltd. provided earnings guidance for the fourth quarter of 2021. For the period, the company Expects revenue of $72-73 million.
Camtek Ltd., Q3 2021 Earnings Call, Oct 27, 2021
2021-10-20 11:24:00
Camtek Ltd., Q3 2021 Earnings Call, Oct 27, 2021
Camtek Ltd. to Report Q3, 2021 Results on Oct 27, 2021
2021-10-20 11:24:00
Camtek Ltd. announced that they will report Q3, 2021 results on Oct 27, 2021
Camtek Ltd. Provides Revenue Guidance for the Third Quarter 2021
2021-08-04 10:15:00
Camtek Ltd. provides revenue guidance for the third quarter 2021. The company expects revenues for the third quarter to be between $69-$71 million, implying over 80% growth year-over-year for the first nine months of 2021.
Camtek Ltd. to Report Q2, 2021 Results on Aug 04, 2021
2021-07-26 11:00:00
Camtek Ltd. announced that they will report Q2, 2021 results on Aug 04, 2021
Camtek Ltd., Q2 2021 Earnings Call, Aug 04, 2021
2021-07-26 11:00:00
Camtek Ltd., Q2 2021 Earnings Call, Aug 04, 2021
Camtek Ltd. Receives an Order of $10 Million for Multiple Systems from a Leading CMOS Image Sensor Manufacturer
2021-06-30 12:15:00
Camtek Ltd. announced that it received a multiple systems' order from a leading CMOS Image Sensor (CIS) manufacturer totaling $10 million. The higher resolution and smaller pixel size of the sensor area make inspection of CMOS Image Sensors very challenging. Camtek's latest model, EagleT+, is equipped with cutting-edge technologies to address the complex production processes of CMOS Image Sensors. The systems are expected to be delivered in the fourth quarter of 2021 and first quarter of 2022.
Camtek Ltd., Annual General Meeting, Aug 18, 2021
2021-06-29 14:08:00
Camtek Ltd., Annual General Meeting, Aug 18, 2021, at 16:00 Israel Standard Time. Location: Company's offices at Ramat Gavriel Industrial Zone Migdal Ha’Emek Israel Agenda: To re-elect each of Messrs. Rafi Amit, Yotam Stern, Moty Ben Arie, I-Shih Tseng, Leo Huang and Ms. Orit Stav to serve as members of the board of directors of the company; to re-elect each of Ms. Yael Andorn and Prof. Yosi Shacham-Diamand to serve on the board of directors of the company as external directors, for a second three-year term; to approve the grant of equity awards to each of the company's non-controlling directors, subject to their respective re-election for service; to approve compensation to the company's chief executive officer; to approve certain amendments to the company's compensation policy; and to approve the re-appointment of Somekh Chaikin, a member firm of KPMG International, as the company's independent auditor for the fiscal year ending December 31, 2021.
Fundamental Summary
Camtek's Q1 results, which were published on 2022-05-12, contained several weak and problematic metrics. While their value and growth factors looked weak, the overall picture, which includes growth metrics, painted a different picture of their likelihood to overperform moving forward. In statistics, this is called the Simpson Paradox (https://www.britannica.com/topic/Simpsons-paradox). Therefore, we gave Camtek an overall score of 74 and a HOLD recommendation.
Camtek reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was USD 77.17 million compared to USD 57.35 million a year ago. Net income was USD 18.38 million compared to USD 13.36 million a year ago. Basic earnings per share from continuing operations was USD 0.42 compared to USD 0.31 a year ago. Diluted earnings per share from continuing operations was USD 0.39 compared to USD 0.3 a year ago.
Business Description
Camtek, together with its subsidiaries, develops, manufactures, and sells inspection and metrology equipment for the advanced interconnect packaging, memory, complementary metal oxide semiconductor image sensors, micro-electro mechanical systems, radio frequency, and other segments of the semiconductor industry. It provides inspection and metrology systems, including Eagle-i, a system that delivers 2D inspection and metrology capabilities; Eagle-AP, which addresses the advanced packaging market using software and hardware technologies that deliver superior 2D and 3D inspection and metrology capabilities on the same platform; and Golden Eagle, a panel inspection and metrology system to support fanout wafer level packaging applications. The company sells its products in the Asia Pacific, the United States, and Europe. Camtek was incorporated in 1987 and is headquartered in Migdal HaEmek, Israel.
Sector Overview
Camtek is included in the Semiconductors & Semiconductor Equipment according to GICS (global industry classification standard). The Semiconductors & Semiconductor Equipment industry is part of the Information Technology sector. It includes manufacturers of semiconductors, semiconductor equipment, and related products. Camtek's industry and sector affiliation are expected to negatively affect their likelihood to overperform the market in the upcoming period, as other sectors appear more likely to benefit from the macroeconomic environment we see now.
Fundamental Highlights
| Parameter | Value | Change | Score | |
|---|---|---|---|---|
| Return on Equity | 23.5 | 1.4% | 71 | |
| Net Cashflow | 9.9 | 0.0% | 69 | |
| Capital Expenditure | -0.2 | 0.0% | 74 | |
| Asset Turnover | 0.6 | 2.2% | 72 | |
| Free Cashflow | -0.1 | 0.0% | 70 |
* All values are TTM
The below chart reflects Camtek's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While Camtek's peer average final assessment score stands on 70.0, Camtek's score is 74.
- CAMT
- Peers average
Technical Analysis
When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. Camtek's stock is now priced above its 5-day, but below its 50-day and 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is weakening. Historically, this is a positive setup in the near-term. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), Camtek's stock indicates that it's likely oversold. Overall, these technical indicators signal negative momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 52.
5D MA
25.53
50D MA
28.24
200D MA
36.21
MACD
-0.93
RSI
6.41
STOCH
50.0
Balance Sheet Analysis
Camtek appears likely to maintain its strong balance sheet metrics and momentum going forward. Camtek publishes solid book value factor metrics in this report. Price to book ratio (P/B) now sits at 3.9 and represents a -43.4% change from the previous report. The company's book value factor metrics are even more remarkable when compared to their peers. Consequently, their book value factors movement received a grade of 90. Also, Camtek did a great job related to equity this period, which stood at 314.7, representing a 7.2% change. Companies in the same sector and market capitalization will usually be affected by up to 7.8 percent by this parameter. These equity changes appear exceptionally balanced and impressive objectively compared to their peers. The company's equity movement component, therefore, received a grade of 82. That said, one metric, Cash & Equivalents, stood out as particularly concerning. Camtek did a poor job related to managing cash and cash equivalents this period, which stood at 76.3, representing a -68.5% change from the previous filing. The company's cash and cash equivalents metrics highlight a difficult overall financial situation, which may, unfortunately, continue moving forward unless management makes significant changes. Its cash and cash equivalents movement, therefore, received a grade of 37. Consequently, their balance sheet earned a rank of 66.
| Parameter | Value | Change | Score |
|---|---|---|---|
| Assets | 606.7 | 3.9% | 61 |
| Liabilities | 292.0 | 0.6% | 63 |
| Price to Book | 3.9 | -43.4% | 90 |
| Cash & Equivalents | 76.3 | -68.5% | 37 |
| Equity | 314.7 | 7.2% | 82 |
The below chart describes Camtek's performance as reflected on its balance sheet with respect to its peers. While Camtek received a balance sheet score of 66, the average of its peers stands on 71.0.
- CAMT
- Peers average
| Name | Market Cap | Liabilities Movement | Asset Change | Equity/Intangibles Adjustments | Cash & Equivalents | Book Value Momentum | Balance Sheet | mc_sort | Hidden |
|---|---|---|---|---|---|---|---|---|---|
| Enphase Energy, Inc. | 27.8B | 89 | 61 | 39 | 97 | 55 | 58 | 0 | 1 |
| SiTime Corporation | 3.8B | 57 | 67 | 65 | 73 | 64 | 58 | 1 | 1 |
| ACM Research, Inc. | 950.7M | 87 | 57 | 51 | 43 | 50 | 52 | 2 | 1 |
| Hanwha Q CELLS Co., Ltd. | 818.9M | 60 | 93 | 47 | 85 | 74 | 72 | 3 | 1 |
| Navitas Semiconductor Corporation | 575.2M | 37 | 80 | 80 | 62 | 80 | 67 | 4 | 1 |
| Helix Technology Corporation | 364.9M | 66 | 77 | 79 | 85 | 52 | 65 | 5 | 1 |
| CyberOptics Corporation | 278.5M | 71 | 66 | 72 | 64 | 86 | 74 | 6 | 1 |
| NVIDIA Corporation | 422.4B | 78 | 70 | 65 | 97 | 54 | 71 | 7 | 1 |
| Intel Corporation | 157.9B | 65 | 69 | 76 | 90 | 81 | 77 | 8 | 1 |
| Texas Instruments Incorporated | 143.5B | 63 | 70 | 87 | 46 | 84 | 76 | 9 | 1 |
| QUALCOMM Incorporated | 142.4B | 57 | 71 | 96 | 80 | 81 | 82 | 10 | 1 |
| Advanced Micro Devices, Inc. | 139.6B | 94 | 61 | 78 | 96 | 81 | 88 | 11 | 1 |
| Broadcom Inc. | 102.5B | 67 | 79 | 59 | 56 | 54 | 62 | 12 | 1 |
| Applied Materials, Inc. | 84.9B | 71 | 72 | 64 | 41 | 55 | 60 | 13 | 1 |
| Analog Devices, Inc. | 78.3B | 62 | 80 | 66 | 65 | 66 | 69 | 14 | 1 |
| Micron Technology, Inc. | 65.6B | 73 | 69 | 85 | 76 | 74 | 81 | 15 | 1 |
| Lam Research Corporation | 62.4B | 73 | 77 | 59 | 51 | 45 | 59 | 16 | 1 |
| KLA Corporation | 50.5B | 75 | 62 | 73 | 53 | 66 | 66 | 17 | 1 |
| NXP Semiconductors N.V. | 41.7B | 72 | 68 | 56 | 62 | 76 | 64 | 18 | 1 |
| Marvell Technology, Inc. | 40.5B | 71 | 84 | 50 | 46 | 51 | 60 | 19 | 1 |
| Microchip Technology Incorporated | 33.6B | 65 | 84 | 76 | 72 | 65 | 78 | 20 | 1 |
| GLOBALFOUNDRIES Inc. | 24.5B | 81 | 66 | 73 | 82 | 74 | 78 | 21 | 1 |
| ON Semiconductor Corporation | 23.5B | 74 | 69 | 77 | 88 | 82 | 81 | 22 | 1 |
| Monolithic Power Systems, Inc. | 19.4B | 85 | 65 | 75 | 92 | 80 | 84 | 23 | 1 |
| SolarEdge Technologies, Inc. | 16.5B | 77 | 62 | 77 | 96 | 86 | 82 | 24 | 1 |
| Skyworks Solutions, Inc. | 15.8B | 69 | 77 | 64 | 46 | 52 | 62 | 25 | 1 |
| Teradyne, Inc. | 15.7B | 48 | 81 | 63 | 45 | 47 | 51 | 26 | 1 |
| Entegris, Inc. | 14.2B | 62 | 71 | 75 | 55 | 79 | 70 | 27 | 1 |
| Qorvo, Inc. | 10.6B | 64 | 83 | 64 | 67 | 55 | 67 | 28 | 1 |
| Wolfspeed, Inc. | 8.7B | 96 | 63 | 58 | 97 | 56 | 73 | 29 | 1 |
| First Solar, Inc. | 7.5B | 77 | 70 | 50 | 58 | 57 | 58 | 30 | 1 |
| Lattice Semiconductor Corporation | 7.2B | 53 | 79 | 79 | 60 | 64 | 68 | 31 | 1 |
| MKS Instruments, Inc. | 6.0B | 59 | 74 | 72 | 76 | 72 | 70 | 32 | 1 |
| Universal Display Corporation | 5.4B | 57 | 76 | 83 | 85 | 70 | 75 | 33 | 1 |
| Daqo New Energy Corp. | 5.4B | 92 | 62 | 81 | 95 | 93 | 93 | 34 | 1 |
| Silicon Laboratories Inc. | 5.3B | 89 | 81 | 60 | 45 | 47 | 71 | 35 | 1 |
| CMC Materials, Inc. | 5.2B | 65 | 79 | 73 | 87 | 82 | 80 | 36 | 1 |
| Tower Semiconductor Ltd. | 5.1B | 68 | 72 | 69 | 61 | 57 | 65 | 37 | 1 |
| Synaptics Incorporated | 5.1B | 71 | 71 | 78 | 92 | 76 | 81 | 38 | 1 |
| Power Integrations, Inc. | 4.5B | 55 | 82 | 59 | 79 | 56 | 61 | 39 | 1 |
| Amkor Technology, Inc. | 4.3B | 70 | 68 | 75 | 74 | 77 | 74 | 40 | 1 |
| Cirrus Logic, Inc. | 4.1B | 73 | 76 | 81 | 96 | 74 | 86 | 41 | 1 |
| Allegro MicroSystems, Inc. | 4.1B | 68 | 69 | 74 | 80 | 76 | 74 | 42 | 1 |
| Onto Innovation Inc. | 3.7B | 84 | 71 | 67 | 72 | 73 | 77 | 43 | 1 |
| Semtech Corporation | 3.6B | 58 | 79 | 68 | 67 | 64 | 67 | 44 | 1 |
| MACOM Technology Solutions Holdings, Inc. | 3.4B | 64 | 75 | 74 | 38 | 75 | 69 | 45 | 1 |
| JinkoSolar Holding Co., Ltd. | 3.3B | 87 | 62 | 77 | 94 | 94 | 89 | 46 | 1 |
| SunPower Corporation | 3.2B | 72 | 81 | 42 | 83 | 53 | 61 | 47 | 1 |
| FormFactor, Inc. | 3.1B | 72 | 70 | 84 | 82 | 80 | 83 | 48 | 1 |
| Diodes Incorporated | 3.1B | 46 | 78 | 71 | 51 | 72 | 61 | 49 | 1 |
| Silicon Motion Technology Corporation | 2.9B | 40 | 85 | 60 | 40 | 47 | 54 | 50 | 1 |
| Nova Ltd. | 2.8B | 86 | 45 | 76 | 48 | 82 | 61 | 51 | 1 |
| MaxLinear, Inc. | 2.7B | 68 | 71 | 75 | 85 | 75 | 76 | 52 | 1 |
| Ambarella, Inc. | 2.7B | 45 | 75 | 74 | 86 | 65 | 63 | 53 | 1 |
| Kulicke and Soffa Industries, Inc. | 2.7B | 45 | 83 | 61 | 76 | 56 | 57 | 54 | 1 |
| Rambus Inc. | 2.4B | 43 | 82 | 41 | 95 | 54 | 48 | 55 | 1 |
| Canadian Solar Inc. | 2.2B | 91 | 54 | 59 | 62 | 62 | 58 | 56 | 1 |
| Axcelis Technologies, Inc. | 1.9B | 76 | 68 | 85 | 71 | 74 | 81 | 57 | 1 |
| Credo Technology Group Holding Ltd | 1.7B | 94 | 61 | 77 | 79 | 86 | 88 | 58 | 1 |
| Himax Technologies, Inc. | 1.6B | 78 | 55 | 91 | 85 | 95 | 77 | 59 | 1 |
| Impinj, Inc. | 1.4B | 62 | 68 | 78 | 39 | 92 | 72 | 60 | 1 |
| Ultra Clean Holdings, Inc. | 1.4B | 55 | 78 | 68 | 48 | 68 | 63 | 61 | 1 |
| Cohu, Inc. | 1.4B | 52 | 82 | 57 | 59 | 59 | 57 | 62 | 1 |
| Photronics, Inc. | 1.3B | 53 | 85 | 66 | 76 | 66 | 68 | 63 | 1 |
| SMART Global Holdings, Inc. | 1.1B | 90 | 63 | 75 | 95 | 82 | 86 | 64 | 1 |
| Veeco Instruments Inc. | 1.0B | 84 | 72 | 41 | 78 | 47 | 58 | 65 | 1 |
| Alpha and Omega Semiconductor Limited | 957.1M | 89 | 64 | 67 | 87 | 67 | 77 | 66 | 1 |
| NeoPhotonics Corporation | 837.4M | 89 | 66 | 49 | 72 | 64 | 66 | 67 | 1 |
| PDF Solutions, Inc. | 813.0M | 54 | 81 | 64 | 90 | 51 | 62 | 68 | 1 |
| CEVA, Inc. | 804.5M | 82 | 74 | 60 | 87 | 60 | 73 | 69 | 1 |
| Ichor Holdings, Ltd. | 789.3M | 59 | 76 | 65 | 38 | 63 | 59 | 70 | 1 |
| indie Semiconductor, Inc. | 752.7M | 49 | 54 | 72 | 56 | 56 | 44 | 71 | 1 |
| Magnachip Semiconductor Corporation | 681.9M | 56 | 78 | 79 | 72 | 72 | 74 | 72 | 1 |
| Mykrolis Corp. | 657.1M | 77 | 53 | 73 | 92 | 79 | 72 | 73 | 1 |
| Maxeon Solar Technologies, Ltd. | 603.6M | 87 | 68 | 40 | 78 | 38 | 53 | 74 | 1 |
| Rigetti Computing, Inc. | 426.1M | 94 | 62 | 85 | 99 | 98 | 98 | 75 | 1 |
| ChipMOS TECHNOLOGIES (Bermuda) LTD. | 417.9M | 60 | 71 | 61 | 60 | 69 | 56 | 76 | 1 |
| Meta Materials Inc. | 414.9M | 51 | 78 | 42 | 41 | 51 | 41 | 77 | 1 |
| Valens Semiconductor Ltd. | 350.3M | 92 | 70 | 66 | 45 | 73 | 75 | 78 | 1 |
| Rockley Photonics Holdings Limited | 338.0M | 48 | 82 | 40 | 37 | 52 | 41 | 79 | 1 |
| Transphorm, Inc. | 260.9M | 41 | 87 | 39 | 47 | 55 | 45 | 80 | 1 |
Income Statement Analysis
EBITDA and Return Factors stand out as the most significant drivers of Camtek's income statement's strength. Camtek reported impressive EBITDA this period. At filing, EBITDA was reported as 80.0, representing 8.8% change from the previous period. Companies in the same industry and market capitalization are typically affected by this parameter by up to 18.0%. Its EBITDA metrics highlight an impressive overall financial performance, which is expected to continue moving forward. Consequently, their EBITDA movement received a grade of 81. Also, In this filing, Camtek reported a return on equity (ROE) ratio of 23.5, which represents a change of 1.4%. Its return factor metrics are even more remarkable when compared to their peers. Consequently, their return factors received a grade of 71. On the other hand, Revenue Efficiency, jumped out as looking rather underwhelming. Camtek management did an underwhelming job managing revenue efficiency this past period. Camtek's revenue efficiency is 289.5 according to the metrics in the current filing, which represents a 7.3% change from the previous report. This metric might have a 15.9 percent impact on companies in the same industry and with the same market capitalization. Its uninspiring revenue efficiency is even more concerning relative to its peers and competitors in the current market. Consequently, their revenue efficiency received a grade of 50. Therefore, their income statement earned a grade of 68.
| Parameter | Value | Change | Score |
|---|---|---|---|
| EBITDA | 80.0 | 8.8% | 81 |
| Total Revenues | 289.5 | 7.3% | 50 |
| Return on Equity | 23.5 | 1.4% | 71 |
The below chart describes Camtek's performance as reflected on its income statement with respect to its peers. While Camtek received a income statement score of 68 , the average of its peers stands on 69.0.
- CAMT
- Peers average
| Name | Market Cap | Revenue Momentum | Earning Movement | Return Factors Momentum | Income Statement | mc_sort | Hidden |
|---|---|---|---|---|---|---|---|
| Enphase Energy, Inc. | 27.8B | 45 | 74 | 55 | 57 | 0 | 1 |
| SiTime Corporation | 3.8B | 39 | 93 | 78 | 64 | 1 | 1 |
| ACM Research, Inc. | 950.7M | 88 | 42 | 42 | 67 | 2 | 1 |
| Hanwha Q CELLS Co., Ltd. | 818.9M | 90 | 59 | 63 | 70 | 3 | 1 |
| Navitas Semiconductor Corporation | 575.2M | 56 | 45 | 72 | 53 | 4 | 1 |
| Helix Technology Corporation | 364.9M | 89 | 47 | 51 | 74 | 5 | 1 |
| CyberOptics Corporation | 278.5M | 54 | 87 | 87 | 71 | 6 | 1 |
| NVIDIA Corporation | 422.4B | 46 | 83 | 68 | 63 | 7 | 1 |
| Intel Corporation | 157.9B | 90 | 55 | 73 | 76 | 8 | 1 |
| Texas Instruments Incorporated | 143.5B | 69 | 78 | 71 | 74 | 9 | 1 |
| QUALCOMM Incorporated | 142.4B | 48 | 87 | 79 | 66 | 10 | 1 |
| Advanced Micro Devices, Inc. | 139.6B | 40 | 89 | 38 | 59 | 11 | 1 |
| Broadcom Inc. | 102.5B | 59 | 80 | 90 | 71 | 12 | 1 |
| Applied Materials, Inc. | 84.9B | 72 | 68 | 73 | 72 | 13 | 1 |
| Analog Devices, Inc. | 78.3B | 40 | 91 | 93 | 65 | 14 | 1 |
| Micron Technology, Inc. | 65.6B | 59 | 88 | 90 | 74 | 15 | 1 |
| Lam Research Corporation | 62.4B | 80 | 63 | 75 | 74 | 16 | 1 |
| KLA Corporation | 50.5B | 56 | 77 | 77 | 67 | 17 | 1 |
| NXP Semiconductors N.V. | 41.7B | 59 | 79 | 90 | 71 | 18 | 1 |
| Marvell Technology, Inc. | 40.5B | 41 | 89 | 88 | 64 | 19 | 1 |
| Microchip Technology Incorporated | 33.6B | 57 | 83 | 92 | 71 | 20 | 1 |
| GLOBALFOUNDRIES Inc. | 24.5B | 50 | 93 | 85 | 70 | 21 | 1 |
| ON Semiconductor Corporation | 23.5B | 53 | 92 | 94 | 73 | 22 | 1 |
| Monolithic Power Systems, Inc. | 19.4B | 45 | 90 | 83 | 66 | 23 | 1 |
| SolarEdge Technologies, Inc. | 16.5B | 41 | 70 | 48 | 53 | 24 | 1 |
| Skyworks Solutions, Inc. | 15.8B | 69 | 70 | 63 | 70 | 25 | 1 |
| Teradyne, Inc. | 15.7B | 88 | 57 | 62 | 75 | 26 | 1 |
| Entegris, Inc. | 14.2B | 56 | 80 | 80 | 69 | 27 | 1 |
| Qorvo, Inc. | 10.6B | 76 | 65 | 63 | 71 | 28 | 1 |
| Wolfspeed, Inc. | 8.7B | 49 | 90 | 86 | 69 | 29 | 1 |
| First Solar, Inc. | 7.5B | 98 | 43 | 40 | 73 | 30 | 1 |
| Lattice Semiconductor Corporation | 7.2B | 54 | 88 | 89 | 71 | 31 | 1 |
| MKS Instruments, Inc. | 6.0B | 78 | 66 | 65 | 74 | 32 | 1 |
| Universal Display Corporation | 5.4B | 71 | 63 | 61 | 68 | 33 | 1 |
| Daqo New Energy Corp. | 5.4B | 37 | 96 | 94 | 65 | 34 | 1 |
| Silicon Laboratories Inc. | 5.3B | 44 | 96 | 98 | 70 | 35 | 1 |
| CMC Materials, Inc. | 5.2B | 72 | 76 | 93 | 76 | 36 | 1 |
| Tower Semiconductor Ltd. | 5.1B | 63 | 87 | 82 | 79 | 37 | 1 |
| Synaptics Incorporated | 5.1B | 45 | 91 | 90 | 68 | 38 | 1 |
| Power Integrations, Inc. | 4.5B | 80 | 76 | 83 | 80 | 39 | 1 |
| Amkor Technology, Inc. | 4.3B | 63 | 76 | 77 | 70 | 40 | 1 |
| Cirrus Logic, Inc. | 4.1B | 42 | 92 | 93 | 67 | 41 | 1 |
| Allegro MicroSystems, Inc. | 4.1B | 68 | 48 | 67 | 61 | 42 | 1 |
| Onto Innovation Inc. | 3.7B | 47 | 87 | 89 | 67 | 43 | 1 |
| Semtech Corporation | 3.6B | 64 | 84 | 87 | 75 | 44 | 1 |
| MACOM Technology Solutions Holdings, Inc. | 3.4B | 74 | 77 | 73 | 76 | 45 | 1 |
| JinkoSolar Holding Co., Ltd. | 3.3B | 38 | 89 | 81 | 62 | 46 | 1 |
| SunPower Corporation | 3.2B | 49 | 43 | 72 | 49 | 47 | 1 |
| FormFactor, Inc. | 3.1B | 79 | 76 | 83 | 80 | 48 | 1 |
| Diodes Incorporated | 3.1B | 66 | 84 | 86 | 76 | 49 | 1 |
| Silicon Motion Technology Corporation | 2.9B | 54 | 83 | 78 | 72 | 50 | 1 |
| Nova Ltd. | 2.8B | 41 | 89 | 78 | 70 | 51 | 1 |
| MaxLinear, Inc. | 2.7B | 56 | 92 | 96 | 75 | 52 | 1 |
| Ambarella, Inc. | 2.7B | 56 | 89 | 79 | 71 | 53 | 1 |
| Kulicke and Soffa Industries, Inc. | 2.7B | 73 | 82 | 85 | 79 | 54 | 1 |
| Rambus Inc. | 2.4B | 48 | 85 | 62 | 64 | 55 | 1 |
| Canadian Solar Inc. | 2.2B | 73 | 76 | 53 | 72 | 56 | 1 |
| Axcelis Technologies, Inc. | 1.9B | 44 | 91 | 91 | 67 | 57 | 1 |
| Credo Technology Group Holding Ltd | 1.7B | 38 | 88 | 63 | 60 | 58 | 1 |
| Himax Technologies, Inc. | 1.6B | 53 | 84 | 66 | 70 | 59 | 1 |
| Impinj, Inc. | 1.4B | 64 | 53 | 52 | 59 | 60 | 1 |
| Ultra Clean Holdings, Inc. | 1.4B | 53 | 73 | 71 | 63 | 61 | 1 |
| Cohu, Inc. | 1.4B | 92 | 53 | 49 | 75 | 62 | 1 |
| Photronics, Inc. | 1.3B | 55 | 86 | 92 | 71 | 63 | 1 |
| SMART Global Holdings, Inc. | 1.1B | 48 | 86 | 68 | 65 | 64 | 1 |
| Veeco Instruments Inc. | 1.0B | 66 | 84 | 91 | 76 | 65 | 1 |
| Alpha and Omega Semiconductor Limited | 957.1M | 62 | 75 | 76 | 69 | 66 | 1 |
| NeoPhotonics Corporation | 837.4M | 45 | 95 | 90 | 69 | 67 | 1 |
| PDF Solutions, Inc. | 813.0M | 49 | 95 | 89 | 71 | 68 | 1 |
| CEVA, Inc. | 804.5M | 51 | 90 | 97 | 71 | 69 | 1 |
| Ichor Holdings, Ltd. | 789.3M | 72 | 60 | 55 | 67 | 70 | 1 |
| indie Semiconductor, Inc. | 752.7M | 37 | 47 | 69 | 43 | 71 | 1 |
| Magnachip Semiconductor Corporation | 681.9M | 94 | 80 | 88 | 90 | 72 | 1 |
| Mykrolis Corp. | 657.1M | 68 | 68 | 58 | 67 | 73 | 1 |
| Maxeon Solar Technologies, Ltd. | 603.6M | 50 | 49 | 60 | 49 | 74 | 1 |
| Rigetti Computing, Inc. | 426.1M | 92 | 44 | 69 | 73 | 75 | 1 |
| ChipMOS TECHNOLOGIES (Bermuda) LTD. | 417.9M | 87 | 49 | 76 | 66 | 76 | 1 |
| Meta Materials Inc. | 414.9M | 37 | 45 | 70 | 43 | 77 | 1 |
| Valens Semiconductor Ltd. | 350.3M | 41 | 86 | 65 | 65 | 78 | 1 |
| Rockley Photonics Holdings Limited | 338.0M | 97 | 50 | 83 | 79 | 79 | 1 |
| Transphorm, Inc. | 260.9M | 37 | 81 | 97 | 68 | 80 | 1 |
Cash Flow Analysis
Camtek appears likely to maintain its strong cash flow metrics and momentum going forward. Camtek's published capital expenditures (CapEx) numbers were encouraging and reflected management's balanced change strategy. Camtek recorded CapEx of -0.2, which represents 0.0% change from the previous report. This performance is all the more impressive relative to their peers and competitors. Therefore, its CapEx movement component earned a score of 74. Also, Camtek's published asset turnover numbers were encouraging and reflected management's balanced change strategy. Camtek recorded asset turnover of 0.6, which represents a 2.2% change from the previous report. Companies in the same industry and market capitalization are typically affected by this parameter by up to 1.9%. Their asset turnover numbers are significantly more impressive when contrasted against their peers and competitors. Therefore, its asset turnover movement earned a score of 72. On the other hand, Net Cash Flow, jumped out as looking problematic. Camtek's net cash flow metrics were 9.9 according to their current filing, which represents a 0.0% change from the previous report. Their net cash flow momentum should be a cause for concern and could bring negative momentum for Camtek's stock price going forward. Its net cash flow, therefore, received a grade of 69. Because its management is doing an excellent job managing these critical metrics, the cash flow was given a score of 71.
| Parameter | Value | Change | Score |
|---|---|---|---|
| Net Cashflow | 9.9 | 0.0% | 69 |
| Capital Expenditure | -0.2 | 0.0% | 74 |
| Asset Turnover | 0.6 | 2.2% | 72 |
| Free Cashflow | -0.1 | 0.0% | 70 |
The below chart describes Camtek's performance as reflected on its cash flow with respect to its peers. While Camtek received a cash flow score of 71, the average of its peers stands on 67.0.
- CAMT
- Peers average
| Name | Market Cap | Cashflow Momentum | Free Cashflow Growth | Capital Expenditure Growth | Assets Factors Momentum | Cash Flow | mc_sort | Hidden |
|---|---|---|---|---|---|---|---|---|
| Enphase Energy, Inc. | 27.8B | 89 | 77 | 64 | 40 | 60 | 0 | 1 |
| SiTime Corporation | 3.8B | 83 | 87 | 56 | 44 | 62 | 1 | 1 |
| ACM Research, Inc. | 950.7M | 62 | 43 | 50 | 54 | 50 | 2 | 1 |
| Hanwha Q CELLS Co., Ltd. | 818.9M | 64 | 63 | 74 | 73 | 68 | 3 | 1 |
| Navitas Semiconductor Corporation | 575.2M | 70 | 87 | 94 | 93 | 90 | 4 | 1 |
| Helix Technology Corporation | 364.9M | 75 | 62 | 63 | 56 | 61 | 5 | 1 |
| CyberOptics Corporation | 278.5M | 49 | 74 | 89 | 78 | 72 | 6 | 1 |
| NVIDIA Corporation | 422.4B | 93 | 65 | 61 | 86 | 82 | 7 | 1 |
| Intel Corporation | 157.9B | 57 | 72 | 68 | 53 | 58 | 8 | 1 |
| Texas Instruments Incorporated | 143.5B | 74 | 74 | 63 | 69 | 70 | 9 | 1 |
| QUALCOMM Incorporated | 142.4B | 65 | 65 | 70 | 87 | 77 | 10 | 1 |
| Advanced Micro Devices, Inc. | 139.6B | 93 | 66 | 69 | 37 | 57 | 11 | 1 |
| Broadcom Inc. | 102.5B | 74 | 76 | 87 | 89 | 85 | 12 | 1 |
| Applied Materials, Inc. | 84.9B | 75 | 59 | 69 | 72 | 69 | 13 | 1 |
| Analog Devices, Inc. | 78.3B | 78 | 76 | 51 | 94 | 84 | 14 | 1 |
| Micron Technology, Inc. | 65.6B | 81 | 85 | 81 | 74 | 80 | 15 | 1 |
| Lam Research Corporation | 62.4B | 72 | 60 | 56 | 75 | 68 | 16 | 1 |
| KLA Corporation | 50.5B | 70 | 76 | 52 | 79 | 74 | 17 | 1 |
| NXP Semiconductors N.V. | 41.7B | 59 | 72 | 51 | 85 | 73 | 18 | 1 |
| Marvell Technology, Inc. | 40.5B | 94 | 84 | 58 | 46 | 65 | 19 | 1 |
| Microchip Technology Incorporated | 33.6B | 80 | 79 | 48 | 84 | 79 | 20 | 1 |
| GLOBALFOUNDRIES Inc. | 24.5B | 54 | 86 | 45 | 64 | 64 | 21 | 1 |
| ON Semiconductor Corporation | 23.5B | 60 | 79 | 55 | 74 | 70 | 22 | 1 |
| Monolithic Power Systems, Inc. | 19.4B | 84 | 78 | 59 | 75 | 77 | 23 | 1 |
| SolarEdge Technologies, Inc. | 16.5B | 46 | 38 | 55 | 52 | 43 | 24 | 1 |
| Skyworks Solutions, Inc. | 15.8B | 78 | 57 | 79 | 73 | 71 | 25 | 1 |
| Teradyne, Inc. | 15.7B | 75 | 65 | 66 | 68 | 68 | 26 | 1 |
| Entegris, Inc. | 14.2B | 60 | 57 | 50 | 77 | 65 | 27 | 1 |
| Qorvo, Inc. | 10.6B | 78 | 65 | 87 | 71 | 73 | 28 | 1 |
| Wolfspeed, Inc. | 8.7B | 57 | 74 | 76 | 46 | 55 | 29 | 1 |
| First Solar, Inc. | 7.5B | 46 | 84 | 56 | 46 | 53 | 30 | 1 |
| Lattice Semiconductor Corporation | 7.2B | 79 | 77 | 43 | 82 | 77 | 31 | 1 |
| MKS Instruments, Inc. | 6.0B | 58 | 58 | 92 | 56 | 59 | 32 | 1 |
| Universal Display Corporation | 5.4B | 74 | 81 | 68 | 65 | 71 | 33 | 1 |
| Daqo New Energy Corp. | 5.4B | 78 | 86 | 63 | 96 | 89 | 34 | 1 |
| Silicon Laboratories Inc. | 5.3B | 70 | 89 | 81 | 88 | 86 | 35 | 1 |
| CMC Materials, Inc. | 5.2B | 72 | 66 | 68 | 80 | 75 | 36 | 1 |
| Tower Semiconductor Ltd. | 5.1B | 76 | 57 | 55 | 58 | 68 | 37 | 1 |
| Synaptics Incorporated | 5.1B | 85 | 62 | 98 | 55 | 67 | 38 | 1 |
| Power Integrations, Inc. | 4.5B | 88 | 77 | 64 | 82 | 82 | 39 | 1 |
| Amkor Technology, Inc. | 4.3B | 46 | 57 | 61 | 71 | 60 | 40 | 1 |
| Cirrus Logic, Inc. | 4.1B | 83 | 98 | 61 | 90 | 91 | 41 | 1 |
| Allegro MicroSystems, Inc. | 4.1B | 56 | 56 | 77 | 56 | 56 | 42 | 1 |
| Onto Innovation Inc. | 3.7B | 95 | 65 | 88 | 85 | 85 | 43 | 1 |
| Semtech Corporation | 3.6B | 79 | 78 | 58 | 79 | 78 | 44 | 1 |
| MACOM Technology Solutions Holdings, Inc. | 3.4B | 46 | 78 | 54 | 78 | 69 | 45 | 1 |
| JinkoSolar Holding Co., Ltd. | 3.3B | 67 | 69 | 73 | 78 | 74 | 46 | 1 |
| SunPower Corporation | 3.2B | 84 | 41 | 39 | 93 | 74 | 47 | 1 |
| FormFactor, Inc. | 3.1B | 78 | 81 | 66 | 58 | 68 | 48 | 1 |
| Diodes Incorporated | 3.1B | 77 | 61 | 52 | 80 | 72 | 49 | 1 |
| Silicon Motion Technology Corporation | 2.9B | 63 | 53 | 46 | 85 | 61 | 50 | 1 |
| Nova Ltd. | 2.8B | 58 | 53 | 39 | 56 | 54 | 51 | 1 |
| MaxLinear, Inc. | 2.7B | 90 | 92 | 80 | 81 | 88 | 52 | 1 |
| Ambarella, Inc. | 2.7B | 84 | 95 | 45 | 75 | 80 | 53 | 1 |
| Kulicke and Soffa Industries, Inc. | 2.7B | 93 | 81 | 83 | 74 | 83 | 54 | 1 |
| Rambus Inc. | 2.4B | 96 | 73 | 89 | 89 | 90 | 55 | 1 |
| Canadian Solar Inc. | 2.2B | 69 | 70 | 74 | 68 | 71 | 56 | 1 |
| Axcelis Technologies, Inc. | 1.9B | 81 | 77 | 68 | 85 | 82 | 57 | 1 |
| Credo Technology Group Holding Ltd | 1.7B | 60 | 85 | 37 | 43 | 53 | 58 | 1 |
| Himax Technologies, Inc. | 1.6B | 66 | 77 | 48 | 79 | 67 | 59 | 1 |
| Impinj, Inc. | 1.4B | 70 | 38 | 85 | 73 | 65 | 60 | 1 |
| Ultra Clean Holdings, Inc. | 1.4B | 68 | 41 | 41 | 76 | 62 | 61 | 1 |
| Cohu, Inc. | 1.4B | 92 | 62 | 71 | 44 | 59 | 62 | 1 |
| Photronics, Inc. | 1.3B | 65 | 92 | 96 | 79 | 83 | 63 | 1 |
| SMART Global Holdings, Inc. | 1.1B | 47 | 85 | 95 | 54 | 62 | 64 | 1 |
| Veeco Instruments Inc. | 1.0B | 73 | 82 | 48 | 69 | 71 | 65 | 1 |
| Alpha and Omega Semiconductor Limited | 957.1M | 49 | 64 | 45 | 59 | 54 | 66 | 1 |
| NeoPhotonics Corporation | 837.4M | 50 | 63 | 67 | 87 | 72 | 67 | 1 |
| PDF Solutions, Inc. | 813.0M | 81 | 98 | 45 | 92 | 89 | 68 | 1 |
| CEVA, Inc. | 804.5M | 57 | 54 | 84 | 83 | 71 | 69 | 1 |
| Ichor Holdings, Ltd. | 789.3M | 51 | 37 | 87 | 71 | 59 | 70 | 1 |
| indie Semiconductor, Inc. | 752.7M | 69 | 80 | 52 | 98 | 85 | 71 | 1 |
| Magnachip Semiconductor Corporation | 681.9M | 65 | 56 | 76 | 54 | 57 | 72 | 1 |
| Mykrolis Corp. | 657.1M | 65 | 69 | 68 | 82 | 75 | 73 | 1 |
| Maxeon Solar Technologies, Ltd. | 603.6M | 87 | 90 | 59 | 88 | 84 | 74 | 1 |
| Rigetti Computing, Inc. | 426.1M | 48 | 76 | 51 | 60 | 58 | 75 | 1 |
| ChipMOS TECHNOLOGIES (Bermuda) LTD. | 417.9M | 66 | 64 | 68 | 94 | 73 | 76 | 1 |
| Meta Materials Inc. | 414.9M | 85 | 56 | 68 | 97 | 84 | 77 | 1 |
| Valens Semiconductor Ltd. | 350.3M | 53 | 89 | 90 | 46 | 66 | 78 | 1 |
| Rockley Photonics Holdings Limited | 338.0M | 80 | 72 | 66 | 46 | 59 | 79 | 1 |
| Transphorm, Inc. | 260.9M | 81 | 87 | 96 | 94 | 88 | 80 | 1 |
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