Fortive Corporation (FTV) vs. Axcelis Technologies (ACLS) Financial Review
Fortive Corporation (NYSE: FTV) and Axcelis Technologies (NASDAQ:ACLS) are both computer and technology companies, but which is the better business? We will compare the two companies based on the strength of their earnings, analyst recommendations, profitabiliy, risk, valuation, institutional ownership and dividends.
Earnings & Valuation
This table compares Fortive Corporation and Axcelis Technologies’ gross revenue, earnings per share and valuation.
|Gross Revenue||Price/Sales Ratio||EBITDA||Earnings Per Share||Price/Earnings Ratio|
|Fortive Corporation||$6.36 billion||3.65||$1.49 billion||$2.54||26.31|
|Axcelis Technologies||$286.35 million||2.15||$29.36 million||$0.91||22.53|
Fortive Corporation has higher revenue and earnings than Axcelis Technologies. Axcelis Technologies is trading at a lower price-to-earnings ratio than Fortive Corporation, indicating that it is currently the more affordable of the two stocks.
Insider and Institutional Ownership
79.9% of Fortive Corporation shares are held by institutional investors. Comparatively, 77.1% of Axcelis Technologies shares are held by institutional investors. 12.1% of Fortive Corporation shares are held by company insiders. Comparatively, 5.7% of Axcelis Technologies shares are held by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term.
Volatility and Risk
Fortive Corporation has a beta of 0.23, suggesting that its stock price is 77% less volatile than the S&P 500. Comparatively, Axcelis Technologies has a beta of 1.11, suggesting that its stock price is 11% more volatile than the S&P 500.
Fortive Corporation pays an annual dividend of $0.28 per share and has a dividend yield of 0.4%. Axcelis Technologies does not pay a dividend. Fortive Corporation pays out 11.0% of its earnings in the form of a dividend.
This is a summary of current recommendations and price targets for Fortive Corporation and Axcelis Technologies, as provided by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
Fortive Corporation currently has a consensus price target of $60.90, indicating a potential downside of 8.86%. Axcelis Technologies has a consensus price target of $24.80, indicating a potential upside of 20.98%. Given Axcelis Technologies’ stronger consensus rating and higher probable upside, analysts clearly believe Axcelis Technologies is more favorable than Fortive Corporation.
This table compares Fortive Corporation and Axcelis Technologies’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
Fortive Corporation beats Axcelis Technologies on 11 of the 16 factors compared between the two stocks.
About Fortive Corporation
Fortive Corporation is a diversified industrial growth company. The Company designs, develops, manufactures and markets professional and engineered products, software and services for a range of end markets. The Company operates through two segments: Professional Instrumentation and Industrial Technologies. The Company’s brands operate in field instrumentation, transportation, sensing, product realization, automation and specialty, and franchise distribution markets. The Professional Instrumentation segment offers essential products, software and services used to create actionable intelligence by measuring and monitoring a range of physical parameters in industrial applications, including electrical current, radio frequency signals, distance, pressure and temperature. The Industrial Technologies segment offers critical technical equipment, components, software and services for manufacturing, repair and transportation markets around the world.
About Axcelis Technologies
Axcelis Technologies, Inc. designs, manufactures and services ion implantation and other processing equipment used in the fabrication of semiconductor chips. The Company also provides aftermarket lifecycle products and services, including used tools, spare parts, equipment upgrades, maintenance services and customer training. The Company offers a complete line of high energy, high current and medium current implanters for all application requirements. The Company’s Purion XE high energy system combines its radio frequency (RF) Linac high energy, spot beam technology with the Purion platform. The Company also offers the Purion M medium current system. The Company’s Purion M systems also offer differentiation for specialty applications, such as hot silicon carbide. The Company’s Purion H high current system is extendable into ultra-low energy applications to satisfy future process requirements, including leakage current performance.
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