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Description and Overview Headquartered in Plainview, New York, we were organized as a Delaware corporation in 1989. We are a manufacturer of advanced semiconductor process equipment that solves an array of challenging materials engineering problems for our customers.
$50.93
+$0.68 (+1.35%)
Price from 30 days ago
Operating margin is thin at 5.38%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 7.4% YoY. Margins deteriorated 4.0pp alongside, both lines moving the wrong way.
At 134x earnings, the current multiple leaves limited room for execution misses or growth deceleration. ROIC dropped from 5.12% to 2.84%, capital efficiency is deteriorating.
134.0x earnings, 71.7x FCF. The market is pricing in years of above-average growth. If that thesis breaks, downside from multiple compression alone could be 30%+. This is a stock where you're paying for the future, not the present.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$655M
▼ -7.4% YoY
Net Income (TTM)
$23M
▼ -52.0% YoY
Op. Margin
2.88%
▼ -4.0pp YoY
ROIC
1.31%
▼ -2.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$43M
▲ +16.6% YoY
Op. Cash Flow (TTM)
$57M
▲ +8.9% YoY
Net Debt
-$122M
Net Cash Position
Cash & Equiv.
$383M
5Y CAGR: +7.9%
5Y CAGR: +8.0%
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