Amtech Systems (ASYS) AI Stock Analysis

• Market Cap: $113.08M
• Dividend Yield: N/A
• Average Volume (3M): 345.80K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.45
• Revenue Growth: -20.20%
• EPS Growth: -58.57%
• Country: US
• Employees: 328
• Sector: Technology
• Sector Strength: 88
• Industry: Semiconductors
• EPS (TTM): 0.01
• Shares Outstanding: 14,313,963
• 10 Day Avg. Volume: 240,081
• 30 Day Avg. Volume: 345,804
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 0.59
• Enterprise Value/Revenue: 0.80
• Enterprise Value/Gross Profit: 2.39
• Enterprise Value/Ebitda: -2.46
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 48 Neutral
• Price Target: $7.50 ▼(-5.54% Downside)

Amtech Systems' overall stock score is primarily influenced by its financial challenges, including declining revenues and profitability. While there are positive developments in AI-related segments and cost-reduction strategies, these are offset by ongoing operational inefficiencies and valuation concerns. Technical indicators suggest mixed momentum, and the absence of a dividend yield further impacts the stock's attractiveness.

Positive Factors

AI Infrastructure Growth

The significant growth in AI-related segments highlights Amtech's strategic positioning in a rapidly expanding market, potentially driving long-term revenue growth and market share.

Cost Reduction Initiatives

Successful cost-reduction strategies enhance operational efficiency and profitability, allowing Amtech to allocate resources more effectively and improve financial health over time.

Improved Gross Margin

The improvement in gross margin indicates better cost management and pricing power, which can lead to sustained profitability and competitive advantage in the long term.

Negative Factors

Year-over-Year Revenue Decline

A significant year-over-year revenue decline suggests challenges in maintaining market demand, potentially impacting long-term growth and financial stability.

Weak Mature Node Demand

Weak demand in mature node semiconductor markets can limit sales growth and profitability, affecting Amtech's ability to capitalize on its existing product lines.

Reduced R&D Expenses

Reduced R&D spending could hinder innovation and product development, potentially impacting Amtech's competitive edge and future growth prospects.

Amtech Systems Business Overview & Revenue Model

Company Description

Amtech Systems, Inc. (ASYS) is a global provider of automation and production equipment, primarily serving the semiconductor and solar industries. The company designs, manufactures, and sells capital equipment used in the fabrication of semiconductor devices and in the production of solar cells. Its core products include diffusion systems, thermal processing equipment, and other manufacturing solutions that enhance efficiency and productivity in high-tech manufacturing environments.

How the Company Makes Money

Amtech Systems generates revenue through the sale of its semiconductor and solar manufacturing equipment, which includes both new and refurbished systems. The company also earns income from service agreements, spare parts sales, and maintenance contracts associated with its equipment. Key revenue streams include direct sales to semiconductor manufacturers and solar cell producers, as well as partnerships with other technology firms that enhance its market reach and product offerings. Additionally, Amtech benefits from the growing demand for advanced semiconductor devices and renewable energy technologies, which drive both equipment sales and service-related revenues.

Amtech Systems Financial Statement Overview

Summary

Amtech Systems is facing financial challenges with declining revenues and negative profit margins. The balance sheet shows stability with a healthy equity ratio, but increased leverage and negative return on equity pose risks. Cash flow is mixed, with some ability to generate cash despite negative net income.

Income Statement

Amtech Systems has experienced significant volatility in revenue with a notable decline from $113.3M in 2023 to $90.8M TTM, indicating a contraction in sales. Gross profit margin decreased from 31.4% to 31.5% TTM, while the net profit margin turned negative at -34.8% TTM. EBIT and EBITDA margins are also negative, reflecting operational challenges and potential profitability issues.

Balance Sheet

The company maintains a relatively healthy equity base with an equity ratio of 61.2% TTM, down from previous levels, highlighting stability. However, the debt-to-equity ratio increased to 0.32 TTM, reflecting a rise in leverage which could pose risks amid declining revenues. Return on equity is negative, pointing to inefficiencies in generating profits from shareholder equity.

Cash Flow

Amtech Systems shows a mixed cash flow picture with free cash flow of $4.56M TTM, but free cash flow growth is negative compared to the previous period. The operating cash flow to net income ratio is positive at 0.24, indicating some ability to generate cash despite negative net income, which provides a cushion against financial stress.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	83.63M	101.21M	113.31M	106.30M	85.20M	65.46M
Gross Profit	27.97M	36.23M	35.55M	39.51M	34.53M	24.44M
EBITDA	-27.21M	-3.92M	-9.65M	6.55M	5.21M	810.00K
Net Income	-31.93M	-8.49M	-12.58M	17.37M	1.51M	-3.91M
Balance Sheet
Total Assets	89.46M	118.95M	137.02M	133.53M	116.91M	102.10M
Cash, Cash Equivalents and Short-Term Investments	15.56M	11.09M	13.13M	46.87M	32.84M	45.07M
Total Debt	18.96M	17.57M	22.20M	11.82M	13.72M	10.24M
Total Liabilities	37.75M	36.59M	48.66M	35.17M	31.28M	20.58M
Stockholders Equity	51.72M	82.36M	88.36M	98.37M	85.63M	81.52M
Cash Flow
Free Cash Flow	6.22M	4.96M	-10.60M	4.07M	-8.97M	-4.34M
Operating Cash Flow	6.49M	9.84M	-7.70M	5.20M	-5.96M	-1.66M
Investing Cash Flow	-260.00K	-2.18M	-37.83M	18.77M	-8.09M	-12.62M
Financing Cash Flow	-3.91M	-10.63M	11.74M	-8.27M	1.17M	-1.50M

Amtech Systems Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 7.94
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ASYS, the sentiment is Neutral. The current price of 7.94 is below the 20-day moving average (MA) of 8.64, below the 50-day MA of 8.06, and above the 200-day MA of 5.41, indicating a neutral trend. The MACD of -0.18 indicates Positive momentum. The RSI at 46.28 is Neutral, neither overbought nor oversold. The STOCH value of 44.30 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for ASYS.

Amtech Systems Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
INTT	―	$108.18M	―	-0.82%	―	-0.81%	-117.62%
Sector *	―	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
AXTI	―	$304.42M	-11.96	-12.56%	―	-2.63%	-78.66%
GSIT	―	$349.75M	-21.11	-36.97%	―	6.14%	1.71%
ASYS	―	$113.08M	―	-47.86%	―	-20.20%	-58.57%
MX	―	$109.21M	-3.27	-7.81%	―	4.09%	9.30%
ATOM	―	$102.32M	-4.89	-100.22%	―	-92.34%	8.99%

Amtech Systems Corporate Events

Amtech Systems, Inc. Earnings Call: Mixed Sentiments and Strategic Shifts

The recent earnings call for Amtech Systems, Inc. presented a mixed sentiment, highlighting both positive and negative aspects of the company’s performance. On the positive side, the company reported robust revenue growth and a surge in demand for AI infrastructure, alongside successful cost reduction measures. However, these gains were tempered by challenges such as declines in the mature node semiconductor market, reduced R&D spending, and a drop in net income compared to the previous year.

Amtech Systems Reports Strong Q3 2025 Results

Amtech Systems, Inc. is a company that manufactures equipment and consumables for semiconductor fabrication and packaging, serving industries worldwide with a focus on advanced semiconductor technologies. In its third quarter fiscal 2025 earnings report, Amtech Systems, Inc. announced a net revenue of $19.6 million, marking a 26% increase from the previous quarter, with a GAAP net income of $0.1 million. The company reported a strong performance in its Thermal Processing Solutions and Semiconductor Fabrication Solutions segments, driven by demand in the advanced packaging market and a stabilization in the mature-node semiconductor market. Key financial metrics included a non-GAAP net income of $0.9 million and an adjusted EBITDA of $2.2 million, with customer orders totaling $21.7 million and a backlog of $21.2 million. Despite a 27% revenue decrease compared to the same period last year, the company benefited from operational optimizations and an Employee Retention Credit refund, which improved gross margins. Looking forward, Amtech Systems anticipates revenues between $17 to $19 million for the fourth quarter, with growth in AI-related equipment sales expected to offset continued softness in mature node semiconductor product lines. The company remains focused on cost optimization and operational efficiency to enhance profitability.