Camtek (CAMT) AI Stock Analysis

• Market Cap: $6.03B
• Dividend Yield: N/A
• Average Volume (3M): 370.58K
• Price to Earnings (P/E): 155.9
• Beta (1Y): 2.05
• Revenue Growth: 21.12%
• EPS Growth: -54.97%
• Country: US
• Employees: 656
• Sector: Technology
• Sector Strength: 88
• Industry: Semiconductors
• EPS (TTM): 0.82
• Shares Outstanding: 45,766,260
• 10 Day Avg. Volume: 319,411
• 30 Day Avg. Volume: 370,585
• PEG Ratio: 0.63
• Price to Book (P/B): 6.66
• Price to Sales (P/S): 8.52
• P/FCF Ratio: 32.61
• Enterprise Value/Market Cap: 0.64
• Enterprise Value/Revenue: 8.21
• Enterprise Value/Gross Profit: 16.32
• Enterprise Value/Ebitda: 24.02
• 1Y Price Target: $129.08
• Price Target Upside: -0.54% Downside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 12
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 76 Outperform
• Price Target: $147.00 ▲(13.26% Upside)

Camtek's overall stock score reflects its strong financial performance and positive earnings call insights, supported by robust revenue growth and technological leadership. However, high valuation and potential early 2026 revenue uncertainty temper the outlook.

Positive Factors

Revenue Growth

Camtek's consistent revenue growth indicates strong market demand and effective sales strategies, reinforcing its competitive position in the semiconductor industry.

Technological Advancements

Innovative products like Eagle G5 and Hawk enhance Camtek's technological edge, potentially increasing market share and driving long-term revenue growth.

Cash Position

A strong cash position provides Camtek with financial flexibility to invest in growth opportunities and manage economic fluctuations effectively.

Negative Factors

Increased Operating Expenses

Rising operating expenses, particularly in R&D, may pressure margins if revenue growth does not keep pace, impacting profitability.

Potential Lag in Revenue Growth for 2026

A potential delay in revenue growth in early 2026 could affect cash flow and investor confidence, necessitating careful planning and communication.

One-Time GAAP Loss

The one-time GAAP loss impacts current financial statements and may affect short-term financial metrics, though it is not indicative of ongoing operations.

Camtek Business Overview & Revenue Model

Company Description

Camtek Ltd., 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 Ltd. was incorporated in 1987 and is headquartered in Migdal HaEmek, Israel.

How the Company Makes Money

Camtek generates revenue through the sale of its inspection and metrology equipment, which is critical for quality control in semiconductor manufacturing. The company's revenue model is primarily based on direct sales of its products, as well as recurring revenue from service contracts and software maintenance agreements. Key revenue streams include initial equipment sales, ongoing service and maintenance agreements, and software licensing. Additionally, Camtek benefits from strategic partnerships with leading semiconductor manufacturers, which can lead to increased sales opportunities and collaborative development of new technologies, thereby enhancing its market position and financial performance.

Camtek Financial Statement Overview

Summary

Camtek demonstrates strong financial performance with significant revenue and profit growth, effective leverage management, and solid cash generation capabilities. However, variability in operating efficiency and the need for strategic reinvestment are areas to monitor.

Income Statement

Camtek's income statement highlights robust revenue growth with a compounded annual growth rate of 24.8% over the past five years, indicating a strong market position in the semiconductor industry. Gross profit margin consistently above 48% and a notable increase in net profit margin from 16.4% in 2020 to 27.6% in 2024 demonstrate effective cost management and profitability enhancement. However, fluctuations in EBIT and EBITDA margins over the years suggest potential variability in operating efficiency.

Balance Sheet

Camtek's balance sheet reflects a stable financial structure with a consistent increase in stockholders' equity, resulting in an improved equity ratio from 47.4% in 2020 to 61.6% in 2024. The debt-to-equity ratio remains low at 0.38, indicating prudent leverage management. The company has successfully maintained a positive net debt position, enhancing financial flexibility. However, the increase in total debt requires monitoring to ensure sustained financial health.

Cash Flow

Camtek's cash flow statement shows a positive trend in operating cash flow, growing by more than threefold from 2019 to 2024. Free cash flow has increased significantly, supporting capital investments without reliance on external financing. The operating cash flow to net income ratio is healthy, reflecting efficient cash conversion. However, the volatility in investing cash flows warrants attention to ensure consistent reinvestment strategies.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	471.59M	429.23M	315.38M	320.91M	269.66M	155.86M
Gross Profit	237.16M	209.95M	147.63M	159.86M	137.34M	73.23M
EBITDA	161.19M	143.00M	94.51M	93.38M	75.17M	25.79M
Net Income	133.76M	118.52M	78.63M	79.95M	60.28M	21.78M
Balance Sheet
Total Assets	974.74M	892.04M	787.67M	677.09M	585.61M	289.40M
Cash, Cash Equivalents and Short-Term Investments	435.99M	388.04M	354.03M	399.66M	397.94M	177.81M
Total Debt	200.68M	207.07M	201.15M	199.44M	197.57M	1.42M
Total Liabilities	348.26M	342.81M	311.52M	292.99M	291.98M	62.13M
Stockholders Equity	626.48M	549.24M	476.15M	384.10M	293.63M	227.26M
Cash Flow
Free Cash Flow	0.00	112.14M	71.23M	49.60M	56.89M	23.34M
Operating Cash Flow	0.00	122.24M	79.32M	57.80M	60.96M	25.75M
Investing Cash Flow	0.00	-55.91M	-107.45M	-150.79M	-120.18M	-23.13M
Financing Cash Flow	0.00	-60.05M	182.00K	3.00K	194.80M	64.92M

Camtek Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 129.79
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CAMT, the sentiment is Positive. The current price of 129.79 is above the 20-day moving average (MA) of 115.08, above the 50-day MA of 112.15, and above the 200-day MA of 90.94, indicating a bullish trend. The MACD of 6.15 indicates Negative momentum. The RSI at 72.25 is Negative, neither overbought nor oversold. The STOCH value of 86.94 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CAMT.

Camtek Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ONTO	82 Outperform	$9.29B	53.85	8.96%	―	6.38%	-4.15%
ACLS	78 Outperform	$2.86B	22.63	13.62%	―	-20.69%	-37.67%
CAMT	76 Outperform	$6.03B	155.92	8.76%	―	21.12%	-54.97%
SIMO	76 Outperform	$3.84B	38.93	11.88%	2.22%	-2.26%	9.74%
NVMI	73 Outperform	$12.03B	52.98	23.58%	―	39.37%	40.87%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
ALGM	52 Neutral	$5.79B	-195.53	-3.02%	―	-7.23%	-15.69%

Camtek Corporate Events

Camtek Reports Record Q3 2025 Results and Positive Outlook

Camtek Ltd. announced record financial results for the third quarter of 2025, with revenues reaching $126 million, a 12% increase year-over-year. The company reported a GAAP gross margin of 50% and a non-GAAP gross margin of 51.5%, alongside a GAAP operating income of $31.8 million and a non-GAAP operating income of $37.6 million. Despite a one-time capital loss of $89 million due to the repurchase of convertible notes, Camtek achieved a non-GAAP net income of $40.9 million. The company raised $500 million through a new offering of convertible notes, contributing to a cash generation of over $34 million from operating activities. Looking forward, Camtek expects continued growth driven by increasing demand for high-performance computing in AI applications, with projected Q4 revenues around $127 million and annual revenues of $495 million for 2025, marking a 15% growth over 2024.

The most recent analyst rating on (CAMT) stock is a Buy with a $137.00 price target. To see the full list of analyst forecasts on Camtek stock, see the CAMT Stock Forecast page.