AIXTRON (AIXA) AI Stock Analysis

• Market Cap: €1.85B
• Dividend Yield: 0.91%
• Average Volume (3M): 663.70K
• Price to Earnings (P/E): 20.5
• Beta (1Y): 1.12
• Revenue Growth: -3.93%
• EPS Growth: -20.93%
• Country: DE
• Employees: 1,186
• Sector: Technology
• Sector Strength: 88
• Industry: Semiconductors
• EPS (TTM): 0.11
• Shares Outstanding: 113,456,120
• 10 Day Avg. Volume: 842,498
• 30 Day Avg. Volume: 663,699
• PEG Ratio: -0.60
• Price to Book (P/B): 2.03
• Price to Sales (P/S): 2.72
• P/FCF Ratio: -23.74
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €16.92
• Price Target Upside: 1.81% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 12
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 76 Outperform
• Price Target: €22.00 ▲(32.37% Upside)

AIXTRON's strong technical momentum and solid financial performance drive the score. While the valuation is fair, the overbought technical indicators and cash flow concerns slightly temper the overall outlook.

Positive Factors

Strong Profitability

AIXTRON's strong profitability and low leverage indicate a robust financial position, supporting sustainable growth and operational stability.

Market Position

AIXTRON's leadership in semiconductor deposition equipment positions it well to capitalize on industry growth trends, such as 5G and power electronics.

Healthy Balance Sheet

AIXTRON's strong equity position and low leverage enhance financial stability and provide flexibility for future investments and growth.

Negative Factors

Profitability Decline

Declining profitability and cash flow volatility could impact AIXTRON's ability to sustain operations and invest in growth, requiring strategic adjustments.

Cash Flow Volatility

Volatile and negative free cash flow suggests challenges in cash generation, potentially affecting AIXTRON's operational and strategic flexibility.

Revenue Growth Challenges

Negative revenue growth indicates potential market challenges or competitive pressures, which could hinder AIXTRON's long-term expansion efforts.

AIXTRON Business Overview & Revenue Model

Company Description

AIXTRON SE, together with its subsidiaries, provides deposition equipment to the semiconductor industry in Asia, Europe, and the Americas. It develops, produces, sells, maintains, and installs equipment for the deposition of semiconductor materials; and provides consulting and training, customer support, and peripheral equipment and services, as well as sells spare parts and services. The company supplies deposition equipment for volume production, as well as equipment for research and development, and pre-series production. Its technology solutions are used to build components for electronic and optoelectronic applications that are used in laser, LED, display technologies, optical and wireless data transmission, SiC and GaN power electronics, optical and electronic storage devices, computing, and signaling and lighting technology, as well as other applications. AIXTRON SE was founded in 1983 and is headquartered in Herzogenrath, Germany.

How the Company Makes Money

AIXTRON generates revenue primarily through the sale of its MOCVD systems and related services, including installation, maintenance, and spare parts. The company also earns income from long-term service agreements and upgrades for existing equipment. Additionally, AIXTRON benefits from strategic partnerships with key industry players, which can enhance its market reach and technological capabilities. The demand for high-performance semiconductor devices, driven by trends such as the growth of 5G technology and the increasing use of LEDs and power electronics, significantly contributes to the company's revenue streams.

AIXTRON Financial Statement Overview

Summary

AIXTRON shows strong profitability and low leverage, with consistent revenue growth. However, recent declines in profitability and cash flow volatility are concerns. The company's solid equity position is a positive indicator, but focus on cash flow management is needed.

Income Statement

AIXTRON demonstrates a strong gross profit margin and consistent revenue growth over the years. The net profit margin indicates solid profitability, although it slightly decreased in the most recent year. The EBIT and EBITDA margins are healthy, suggesting efficient operations. However, recent profitability metrics show some decline, which could be a concern if the trend continues.

Balance Sheet

The balance sheet reflects a robust equity position with a low debt-to-equity ratio, indicating low leverage and financial stability. The equity ratio is strong, showing a healthy proportion of assets funded by equity. However, the decline in cash and cash equivalents over recent years may need monitoring to ensure liquidity remains sufficient.

Cash Flow

Free cash flow has been volatile, with negative figures in recent years, indicating potential challenges in cash generation. The operating cash flow to net income ratio is low, reflecting challenges in converting earnings to cash. Free cash flow to net income has also been negative, suggesting a need for improved cash flow management and operational efficiency.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	596.24M	633.16M	629.88M	463.17M	428.95M	269.25M
Gross Profit	238.73M	262.47M	279.03M	195.27M	181.48M	108.29M
EBITDA	130.21M	146.85M	169.50M	114.37M	108.23M	45.07M
Net Income	90.72M	106.28M	145.19M	100.44M	95.66M	34.88M
Balance Sheet
Total Assets	1.01B	1.02B	1.03B	902.58M	740.70M	590.43M
Cash, Cash Equivalents and Short-Term Investments	153.36M	64.60M	181.68M	325.16M	352.49M	249.68M
Total Debt	0.00	5.02M	5.44M	7.96M	4.03M	2.98M
Total Liabilities	148.29M	170.34M	252.37M	239.26M	148.53M	94.05M
Stockholders Equity	861.78M	847.87M	777.37M	663.11M	591.99M	495.39M
Cash Flow
Free Cash Flow	95.40M	-72.47M	-109.93M	7.48M	-30.96M	-48.45M
Operating Cash Flow	126.60M	26.23M	-47.29M	37.14M	-13.50M	-39.16M
Investing Cash Flow	-101.98M	-15.04M	78.12M	-48.27M	-17.49M	-41.48M
Financing Cash Flow	-19.37M	-46.47M	-35.88M	-34.59M	-8.59M	-904.00K

AIXTRON Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 16.62
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:AIXA, the sentiment is Positive. The current price of 16.62 is below the 20-day moving average (MA) of 17.37, above the 50-day MA of 16.02, and above the 200-day MA of 13.85, indicating a neutral trend. The MACD of 0.12 indicates Positive momentum. The RSI at 46.39 is Neutral, neither overbought nor oversold. The STOCH value of 13.05 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:AIXA.

AIXTRON Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CTNK	81 Outperform	€190.46M	5.51	34.03%	―	94.73%	83.64%
AIXA	76 Outperform	€1.85B	20.46	10.99%	0.91%	-3.93%	-20.93%
ELG	74 Outperform	€1.55B	12.48	22.08%	1.11%	-5.55%	21.30%
SMHN	73 Outperform	€730.98M	13.78	19.94%	0.77%	34.77%	52.20%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
WAF	52 Neutral	€1.37B	-51.12	-1.40%	0.43%	-5.17%	-128.32%