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Amtech Systems (Amtech Systems) Net-Net Working Capital : $0.33 (As of Dec. 2023)


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What is Amtech Systems Net-Net Working Capital?

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.

Amtech Systems's Net-Net Working Capital for the quarter that ended in Dec. 2023 was $0.33.

The industry rank for Amtech Systems's Net-Net Working Capital or its related term are showing as below:

ASYS's Price-to-Net-Net-Working-Capital is ranked worse than
70.4% of 527 companies
in the Semiconductors industry
Industry Median: 8.23 vs ASYS: 14.76

Amtech Systems Net-Net Working Capital Historical Data

The historical data trend for Amtech Systems's Net-Net Working Capital can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Amtech Systems Net-Net Working Capital Chart

Amtech Systems Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.27 2.96 2.06 3.09 0.12

Amtech Systems Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.98 0.48 0.38 0.12 0.33

Competitive Comparison of Amtech Systems's Net-Net Working Capital

For the Semiconductor Equipment & Materials subindustry, Amtech Systems's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Amtech Systems's Price-to-Net-Net-Working-Capital Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Amtech Systems's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Amtech Systems's Price-to-Net-Net-Working-Capital falls into.



Amtech Systems Net-Net Working Capital Calculation

Amtech Systems's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Sep. 2023 is calculated as

Net-Net Working Capital(A: Sep. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(13.133+0.75 * 26.474+0.5 * 34.845-48.656
-0-0)/14.186
=0.12

Amtech Systems's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2023 is calculated as

Net-Net Working Capital(Q: Dec. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(17.033+0.75 * 21.403+0.5 * 34.03-45.421
-0-0)/14.191
=0.33

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full.

In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.

This is a conservative way of estimating the company's value.


Amtech Systems  (NAS:ASYS) Net-Net Working Capital Explanation

One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.

Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.


Amtech Systems Net-Net Working Capital Related Terms

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Amtech Systems (Amtech Systems) Business Description

Traded in Other Exchanges
Address
131 South Clark Drive, Tempe, AZ, USA, 85288
Amtech Systems Inc is a manufacturer of capital equipment, including thermal processing and wafer polishing, and related consumables used in fabricating semiconductor devices, such as silicon carbide (SiC) and silicon power chips, electronic assemblies, and light-emitting diodes (LEDs). the company has two segments; Semiconductor; it designs, manufactures, sells, and services thermal processing equipment and related controls for use by semiconductor manufacturers, and in electronics, automotive, and other industries; and Material and Substrate - it produces consumables and machinery for lapping (fine abrading) and polishing of materials, such as sapphire substrates, optical components, silicon wafers, numerous types of crystal materials, ceramics and metal components.
Executives
Robert C Daigle director C/O: ROGERS CORPORATION, ONE TECHNOLOGY DRIVE PO BOX 188, ROGERS CT 06263-0188
Robert M Averick director, 10 percent owner KOKINO LLC, 201 TRESSER BOULEVARD, 3RD FLOOR, STAMFORD CT 06901
Michael M Ludwig director C/O AMTECH SYSTEMS, INC., 131 S CLARK DRIVE, TEMPE AZ 85288
Michael Whang officer: Vice President of Operations 131 S CLARK DRIVE, TEMPE AZ 85281
Jong S Whang director, officer: Executive Chairman
Robert F King director C/O AMTECH SYSTEMS INC, 131 SOUTH CLARK DRIVE, TEMPE AZ 85281
Lisa Gibbs officer: VP & Chief Accounting Officer 131 S CLARK DRIVE, TEMPE AZ 85281
Robert T Hass officer: Interim CFO C/O AMTECH SYSTEMS INC, 131 SOUTH CLARK DRIVE, TEMPE AZ 85281
Cornice Fiduciary Management Llc 10 percent owner C/O WILLOW STREET GROUP, LLC, 270 W. PEARL AVENUE, SUITE 104, JACKSON WY 83001
Fokko Pentinga director, officer: President and CEO TEMPRESS SYSTEMS, B.V., RADEWEG 31, VAASSEN P7 8171 MD
Wansem Paul J Van Der director, officer: See Remarks 597 LOWELL ROAD, CONCORD MA 01742
Michael Garnreiter director 6735 E. GREENWAY PARKWAY, UNIT #2049, SCOTTSDALE AZ 85254
Sukesh Mohan director C/O EL CAMINO TECHNOLOGIES LLC, 6200 STONERIDGE MALL ROAD, SUITE 300, PLEASANTON CA 94588
Bradley Clark Anderson officer: Chief Financial Officer 131 SOUTH CLARK DRIVE, TEMPE AZ 85281
Goudena Egbert J. G. director 131 SOUTH CLARK DRIVE, TEMPE AZ 85281