Amtech Systems (ASYS) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Amtech Systems

NasdaqGS•Technology•Semiconductor Equipment & Materials

$15.33+0.07(<0.01%)Market open

Market Cap

$218.63M

P/E

54.7x

P/S

2.7x

P/B

1.9x

Amtech Systems, Inc., together with its subsidiaries, manufactures and sells capital equipment and related consumables for use in fabricating and packaging semiconductor devices in the United States, Canada, Mexico, China, Malaysia, Taiwan, Singapore, the Czech Republic, Austria, Hungary, the United Kingdom, Germany, and internationally. It operates through Thermal Processing Solutions and Semiconductor Fabrication Solutions segments. The company offers thermal processing equipment for use in solder reflow operations for advanced semiconductor packaging and electronics assembly; belt furnaces for producing power semiconductor packaging substrates and electronic components; and horizontal diffusion furnaces for use in wafer processing. It also provides double-sided wafer cleaning systems, entegrity head testers, substrate carriers, substrate polishing templates, substrate process chemicals, wafer processing lubricants, and coolants under the Entrepix, PR Hoffman, and Intersurface Dynamics brands. In addition, the company offers, and entegrity head tester, and CMP parts and service. The company sells its products to semiconductor substrate, device, and electronic assembly manufacturers, as well as ceramics and optics industries through sales personnel and a network of independent sales representatives and distributors. Amtech Systems, Inc. was incorporated in 1981 and is headquartered in Tempe, Arizona.

How this company scores

GoodMetricSide Score: 65/100

Strongest: Cash & Earnings Quality (25/25); weakest: Growth (10/25).

Profitability15/25

Growth10/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality25/25

Strengths

Rising free cash flowRising earningsInterest easily coveredCash-backed earnings

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 54.7x5y range 6.6x – 106.7x

Currently above its 11-quarter median.

P/S · 2.7x5y range 0.5x – 2.7x

Currently above its 20-quarter median.

P/B · 1.9x5y range 0.7x – 3.4x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $218.63M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $81.67M
Q. Revenue: $22.38M
TTM EBITDA: $10.47M
TTM Op. Income: $6.62M
Q. Op. Income: $2.21M
TTM Net Income: $4.00M
Q. Net Income: $1.66M
EPS: $0.11
Shares Out.: $15.44M

$81.67M in TTM revenue declined 2.4% YoY, reaching $22.38M last quarter. TTM EBITDA of $10.47M and TTM operating income of $6.62M show growth is flowing through to the bottom line. TTM net income of $4.00M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 2 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 50.0%
EBITDA Margin: 12.6%
Op. Margin: 9.9%
Net Margin: 7.4%

Op. margin of 9.9% is up 5.2% YoY — cost efficiency is improving. Net margin at 7.4% and gross margin of 50.0% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 54.7x
P/S Ratio: 2.7x
P/B Ratio: 1.9x

At 54.7x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 2.7x and P/B of 1.9x provide additional context. P/E sits above typical market levels while revenue growth is below 5%. Across the last 3 quarters, P/E has fallen for 2 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $156.72M
Cash: $83.11M
Long-Term Debt: N/A
Book Value: $115.60M
D/E Ratio: N/A
Debt/EBITDA: 0.0

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $1.12M
TTM Free Cash Flow: $8.74M
FCF Margin: 10.7%
FCF / Net Income: 2.2

TTM FCF of $8.74M on $1.12M in operating cash flow. The FCF / Net Income ratio of 2.2x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 41% — a weakening trend.