AXT, Inc.

AXT, Inc.

AXTIยทNASDAQ

$106.70

-0.58%
TechnologySemiconductors

AXT, Inc. designs, develops, manufactures, and distributes compound and single element semiconductor substrates. It produces semiconductor substrates using its proprietary vertical gradient freeze technology. The company offers indium phosphide for use in data center connectivity using light/lasers, 5G communications, fiber optic lasers and detectors, passive optical networks, silicon photonics, photonic integrated circuits, terrestrial solar cells, RF amplifier and switching, infrared light-emitting diode (LEDS) motion control, lidar for robotics and autonomous vehicles, and infrared thermal imaging. It also provides semi-insulating gallium arsenide (GaAs) substrates for use in Wi-Fi and IoT devices, transistors, direct broadcast television, power amplifiers, satellite communications, and solar cells; and semi-conducting GaAs substrates that are used in LED, screen displays, printer head lasers and LEDs, 3-D sensing using VCSELs, data center communication using VCSELs, sensors for industrial robotics/near-infrared sensors, optical couplers, solar cells, night vision goggles, lidar for robotics and autonomous vehicles, and other lasers, as well as laser machining, cutting, and drilling. In addition, the company offers germanium substrates for use in multi-junction solar cells for satellites, optical sensors and detectors, terrestrial concentrated photo voltaic cells, infrared detectors, and carrier wafer for LED. Further, it provides 6N+ and 7N+ purified gallium, boron trioxide, gallium-magnesium alloy, pyrolytic boron nitride (pBN) crucibles, and pBN insulating parts. AXT, Inc. sells its products through direct salesforce in the United States, China, and Europe, as well as through independent sales representatives and distributors in Japan, Taiwan, Korea, and internationally. The company was formerly known as American Xtal Technology, Inc. and changed its name to AXT, Inc. in July 2000. AXT, Inc. was incorporated in 1986 and is headquartered in Fremont, California.

At a Glance

Live Snapshot
Market Cap$4.95B
EPS-0.4900
P/E Ratio-217.76
Earnings Date07/30/2026
AXT, Inc.

AXT, Inc. Fair Value Envelope

AXTI ยท NASDAQ

Our analysis suggests that AXTI has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $106.7, this represents a potential HIDDEN relative to our calculated worth for AXT, Inc..

Intrinsic Value
Current Price: $106.7

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value-$73.8M
+ Cash & Equivalents$128.4M
Firm Value$54.5M
- Debt$65.7M
Equity Value-$11.1M
/ Shares Outstanding46,124,935B
DCF Value-$0
OVERVALUED BY 100%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
-$12.1M
-$11.5M
-$11.0M
-$10.4M
-$9.9M
-$9.4M
-$8.9M
-$8.5M
-$8.1M
-$7.6M
Maintenance CapEx
-$1.1M
-$1.1M
-$1.0M
-$976.4K
-$927.5K
-$881.1K
-$837.0K
-$795.1K
-$755.3K
-$717.5K
Owner Earnings
-$13.3M
-$12.6M
-$12.0M
-$11.4M
-$10.8M
-$10.3M
-$9.8M
-$9.3M
-$8.8M
-$8.4M
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
-$12.3M
-$10.8M
-$9.5M
-$8.4M
-$7.4M
-$6.5M
-$5.7M
-$5.0M
-$4.4M
-$3.9M
Terminal Value represents 0.0% of Enterprise Value
Negative Owner Earnings
This company generates negative free cash flow. Consider adjusting maintenance CapEx percentage or check the financial data.