Company Valuation: AXT, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 368.5 187.4 102.5 94.39 873.1 3,856 - -
Change - -49.16% -45.29% -7.93% 825.03% 341.68% - -
Enterprise Value (EV) 1 340.5 183.8 103.2 107.8 807.5 3,144 3,119 3,856
Change - -46.03% -43.85% 4.52% 648.83% 289.3% -0.78% 23.63%
P/E 25.9x 11.8x -5.71x -8.04x -33.4x 71.5x 24.8x 17.9x
PBR 1.79x 0.86x 0.5x 0.49x - - - -
PEG - 1.34x 0x 0.2x -0.4x -0x 0x 0.5x
Capitalization / Revenue 2.68x 1.33x 1.35x 0.95x 9.89x 17.7x 8.37x 5.7x
EV / Revenue 2.48x 1.3x 1.36x 1.09x 9.14x 14.4x 6.77x 5.7x
EV / EBITDA 13.9x 7.45x -11.1x -39.5x -84.3x 49.2x 18.8x 16.9x
EV / EBIT 26.4x 14.6x -4.78x -7.29x -36.7x 58.5x 19.1x 15x
EV / FCF -10.3x - -14.6x -6.03x -43x -94.1x -800x 1,483x
FCF Yield -9.68% - -6.85% -16.6% -2.33% -1.06% -0.13% 0.07%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 0.34 0.37 -0.42 -0.27 -0.49 0.845 2.435 3.37
Distribution rate - - - - - - - -
Net sales 1 137.4 141.1 75.8 99.36 88.33 218 460.6 677
EBITDA 1 24.49 24.68 -9.307 -2.727 -9.576 63.92 165.5 228.8
EBIT 1 12.9 12.55 -21.57 -14.8 -21.98 53.72 163.2 256.3
Net income 1 14.58 15.81 -17.88 -11.62 -21.26 52.7 151.9 239.2
Net Debt 1 -28.07 -3.609 0.667 13.45 -65.57 -712.6 -737.2 -
Reference price 2 8.81 4.38 2.40 2.17 16.35 60.43 60.43 60.43
Nbr of stocks (in thousands) 41,833 42,778 42,714 43,497 53,401 63,815 - -
Announcement Date 2/16/22 A 2/16/23 A 2/22/24 A 2/20/25 A 2/19/26 A - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
71.51x14.42x49.18x - 3.86B
21.23x11.94x17.68x0.38% 4,862B
22.7x11.12x15.1x1.11% 1,947B
43.23x17.7x26.05x0.67% 1,852B
11.34x6.83x8.26x0.06% 930B
5x3.02x3.62x0.23% 871B
88.32x15.33x56.67x-.--% 776B
-39.08x7.56x21.11x-.--% 455B
189.35x41.55x84.15x-.--% 256B
32.44x11.76x21.82x2.08% 252B
Average 44.60x 14.12x 30.36x 0.5% 1,221B
Weighted average by Cap. 28.68x 12.33x 20.92x 0.49%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA