Amtech Systems, Inc. (ASYS) Key Metrics
ASYS valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $224.1M
- Enterprise value
- $205.3M
- P/E (TTM)
- 47.4 10-yr median 16.4
- Forward P/E
- 12.4
- PEG ratio
- 0.37
- Price / sales
- 2.7 10-yr median 1.0
- Price / book
- 2.3 10-yr median 1.1
- EV / EBITDA
- 22.9 10-yr median 11.8
- Dividend yield
- —
- Beta
- 2.09
ASYS key metrics, FY2016–FY2025
Fiscal year ended September 30, 2025 · U.S. dollarsASYS valuation Price multiples at each fiscal year-end price.
Price / sales+105.0%
1.7
FY2025 · hover or tap a bar for each year
FY2016FY2025
Price / book+147.9%
2.5
FY2025 · hover or tap a bar for each year
FY2016FY2025
Price / free cash flow+15.2%
19.1
FY2025 · hover or tap a bar for each year
FY2016FY2025
Free cash flow yield−0.8 pts
5.2%
FY2025 · hover or tap a bar for each year
FY2016FY2025
ASYS returns How much profit the business earns on the capital it uses.
Return on equity−34.7 pts
−44.7%
FY2025 · hover or tap a bar for each year
FY2016FY2025
Return on invested capital−25.9 pts
−31.3%
FY2025 · hover or tap a bar for each year
FY2016FY2025
Return on assets−22.0 pts
−28.6%
FY2025 · hover or tap a bar for each year
FY2016FY2025
Free cash flow margin+3.8 pts
8.7%
FY2025 · hover or tap a bar for each year
FY2016FY2025
Asset turnover−5.3%
0.75
FY2025 · hover or tap a bar for each year
FY2016FY2025
ASYS per-share figures Results divided by the shares outstanding at year-end.
Revenue per share−22.1%
$5.55
FY2025 · hover or tap a bar for each year
FY2016FY2025
Earnings per share
−$2.12
FY2025 · hover or tap a bar for each year
FY2016FY2025
Free cash flow per share+38.6%
$0.48
FY2025 · hover or tap a bar for each year
FY2016FY2025
Book value per share−35.6%
$3.73
FY2025 · hover or tap a bar for each year
FY2016FY2025
Shares outstanding+0.7%
14.3M
FY2025 · hover or tap a bar for each year
FY2016FY2025
ASYS financial health Debt, liquidity and how easily interest is covered.
Debt / equity+71.3%
0.37
FY2025 · hover or tap a bar for each year
FY2016FY2025
Net debt−$4.9M
$1.6M
FY2025 · hover or tap a bar for each year
FY2016FY2025
Current ratio−8.1%
2.94
FY2025 · hover or tap a bar for each year
FY2016FY2025
Debt / assets+42.7%
0.21
FY2025 · hover or tap a bar for each year
FY2016FY2025
ASYS efficiency & capital use Working capital cycle and where the cash goes.
Days sales outstanding+8 days
98 days
FY2025 · hover or tap a bar for each year
FY2016FY2025
Days of inventory−14 days
159 days
FY2025 · hover or tap a bar for each year
FY2016FY2025
Days payables outstanding0 days
46 days
FY2025 · hover or tap a bar for each year
FY2016FY2025
Cash conversion cycle−6 days
211 days
FY2025 · hover or tap a bar for each year
FY2016FY2025
Capex / revenue−3.6 pts
1.2%
FY2025 · hover or tap a bar for each year
FY2016FY2025
Dividends + buybacks / FCF0.0 pts
0.0%
FY2025 · hover or tap a bar for each year
FY2016FY2025
ASYS valuation history
Fiscal year-endToday10-year median
ASYS returns on capital
ROEROICROA
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
ASYS debt vs cash
Total debtCash & short-term investments
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
ASYS cash returned to shareholders
DividendsBuybacksFree cash flow
ASYS price vs earnings per share
Share price at year-endEPS (right axis)
ASYS key metrics
FY2016–FY2025| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $132.4M | $82.4M | $107.2M | $120.6M | $163.9M | $69.2M | $75.5M | $80.4M | $161.7M | $65.3M |
| Enterprise value | $134.0M | $88.9M | $126.9M | $85.8M | $149.2M | $34.5M | $28.0M | $30.5M | $119.1M | $47.9M |
| P/E ratio | — | — | — | 6.9 | 108.7 | — | — | 15.2 | 17.7 | — |
| Price / sales | 1.7 | 0.8 | 0.9 | 1.1 | 1.9 | 1.1 | 0.9 | 0.8 | 1.9 | 0.5 |
| Price / book | 2.5 | 1.0 | 1.2 | 1.2 | 1.9 | 0.8 | 0.9 | 0.9 | 1.8 | 1.0 |
| Price / free cash flow | 19.1 | 16.6 | — | 29.6 | — | — | — | 15.2 | 15.4 | — |
| Price / operating cash flow | 16.8 | 8.4 | — | 23.2 | — | — | 436.3 | 11.8 | 13.7 | — |
| EV / sales | 1.7 | 0.9 | 1.1 | 0.8 | 1.8 | 0.5 | 0.3 | 0.3 | 1.4 | 0.4 |
| EV / EBITDA | — | — | — | 4.2 | 29.4 | 34.9 | 3.6 | 3.0 | 19.4 | — |
| EV / free cash flow | 19.4 | 17.9 | — | 21.1 | — | — | — | 5.8 | 11.3 | — |
| Earnings yield | −22.9% | −10.3% | −11.7% | 14.4% | 0.9% | −22.7% | −6.8% | 6.6% | 5.6% | −10.7% |
| Free cash flow yield | 5.2% | 6.0% | −9.9% | 3.4% | −5.5% | −6.3% | −0.7% | 6.6% | 6.5% | −16.3% |
| Dividend yield | — | — | — | 3.4% | — | 1.3% | — | 0.5% | 0.0% | 0.0% |
| Shareholder yield (dividends + buybacks) | 0.0% | 0.0% | 0.0% | 6.9% | 2.5% | 4.2% | 2.6% | 5.4% | 0.0% | 0.0% |
| Share price at fiscal year-end | $9.26 | $5.80 | $7.62 | $8.50 | $11.43 | $4.89 | $5.30 | $5.34 | $11.98 | $4.96 |
| Per share | ||||||||||
| Revenue per share | $5.55 | $7.12 | $8.06 | $7.49 | $5.94 | $4.62 | $5.97 | $6.64 | $6.15 | $9.14 |
| Earnings per share | −$2.12 | −$0.60 | −$0.89 | $1.22 | $0.11 | −$1.11 | −$0.36 | $0.35 | $0.68 | −$0.53 |
| Operating cash flow per share | $0.55 | $0.69 | −$0.55 | $0.37 | −$0.42 | −$0.12 | $0.01 | $0.45 | $0.87 | −$0.74 |
| Free cash flow per share | $0.48 | $0.35 | −$0.75 | $0.29 | −$0.63 | −$0.31 | −$0.04 | $0.35 | $0.78 | −$0.81 |
| Cash per share | $1.25 | $0.78 | $0.93 | $3.30 | $2.29 | $3.18 | $3.72 | $3.87 | $3.79 | $2.10 |
| Book value per share | $3.73 | $5.80 | $6.28 | $6.94 | $5.97 | $5.76 | $6.14 | $6.18 | $6.70 | $5.09 |
| Tangible book value per share | $3.59 | $4.02 | $3.88 | $6.09 | $5.13 | $5.25 | $5.61 | $5.66 | $5.60 | $3.94 |
| Dividends per share | — | — | — | $0.29 | — | $0.06 | — | $0.02 | $0.00 | $0.00 |
| Capex per share | $0.07 | $0.34 | $0.21 | $0.08 | $0.21 | $0.19 | $0.05 | $0.10 | $0.09 | $0.07 |
| Debt per share | $1.36 | $1.24 | $2.34 | $0.86 | $1.26 | $0.73 | $0.39 | $0.55 | $0.63 | $0.78 |
| Shares outstanding | 14.3M | 14.2M | 14.1M | 14.2M | 14.3M | 14.2M | 14.2M | 15.1M | 13.5M | 13.2M |
| Change in shares outstanding | +0.7% | +1.0% | −0.8% | −1.1% | +1.3% | −0.6% | −5.5% | +11.6% | +2.5% | +9.5% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −44.7% | −9.9% | −13.5% | 18.9% | 1.8% | −18.6% | −5.7% | 5.8% | 11.6% | −10.0% |
| Return on invested capital (ROIC) | −31.3% | −5.4% | −13.8% | 23.8% | 3.2% | −0.9% | 6.4% | 8.9% | 4.5% | −11.8% |
| Return on assets (ROA) | −28.6% | −6.6% | −9.3% | 13.9% | 1.4% | −13.8% | −3.7% | 3.1% | 5.9% | −5.7% |
| Return on tangible assets | −33.4% | −9.0% | −12.2% | 14.3% | 1.4% | −16.6% | −4.3% | 3.7% | 5.2% | −6.8% |
| Free cash flow margin | 8.7% | 4.9% | −9.4% | 3.8% | −10.5% | −6.6% | −0.6% | 5.3% | 12.7% | −8.9% |
| Income quality (OCF / net income) | — | — | — | 0.30 | −3.95 | — | — | 1.28 | 1.29 | — |
| Financial health | ||||||||||
| Total debt | $19.5M | $17.6M | $32.9M | $12.2M | $18.1M | $10.4M | $5.5M | $8.3M | $8.5M | $10.2M |
| Cash & short-term investments | $17.9M | $11.1M | $13.1M | $46.9M | $32.8M | $45.1M | $53.0M | $58.3M | $51.1M | $27.7M |
| Net debt | $1.6M | $6.5M | $19.8M | −$34.7M | −$14.7M | −$34.7M | −$47.4M | −$50.0M | −$42.6M | −$17.4M |
| Debt / equity | 0.37 | 0.21 | 0.37 | 0.12 | 0.21 | 0.13 | 0.06 | 0.09 | 0.09 | 0.15 |
| Debt / assets | 0.21 | 0.15 | 0.24 | 0.09 | 0.15 | 0.10 | 0.04 | 0.06 | 0.04 | 0.09 |
| Net debt / EBITDA | — | — | — | −1.68 | −2.90 | −35.05 | −6.15 | −4.91 | −6.95 | — |
| Current ratio | 2.94 | 3.20 | 2.73 | 4.55 | 5.35 | 10.24 | 3.53 | 2.75 | 1.83 | 2.18 |
| Quick ratio | 2.02 | 1.87 | 1.56 | 3.42 | 3.89 | 7.93 | 2.96 | 2.21 | 1.48 | 1.57 |
| Interest coverage | — | -12.1 | -28.8 | 105.4 | 15.6 | -0.0 | 0.5 | 12.4 | 20.5 | -19.0 |
| Working capital | $39.7M | $44.5M | $51.5M | $80.3M | $65.8M | $69.1M | $77.6M | $79.1M | $71.1M | $44.9M |
| Invested capital | $55.0M | $88.8M | $108.1M | $63.6M | $70.9M | $46.8M | $40.0M | $43.1M | $47.9M | $49.6M |
| Tangible asset value | $51.4M | $57.1M | $54.6M | $86.4M | $73.6M | $74.3M | $79.9M | $85.3M | $75.6M | $50.1M |
| Net current asset value | $20.7M | $27.8M | $32.5M | $67.8M | $49.6M | $56.0M | $69.2M | $68.0M | $56.0M | $29.8M |
| Graham number | — | — | — | $13.82 | $3.76 | — | — | $7.00 | $10.10 | — |
| Graham net-net per share | $0.19 | $0.31 | $0.16 | $3.05 | $2.11 | $3.01 | $2.28 | $1.86 | −$0.54 | $0.46 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | $4.2M | — | $877,000 | — | $368,000 | $0 | $0 |
| Share buybacks (net) | $0 | $0 | $0 | $4.1M | $4.1M | $2.0M | $2.0M | $4.0M | $0 | $0 |
| Dividend payout ratio | — | — | — | 23.9% | — | — | — | 6.9% | 0.0% | — |
| Dividends + buybacks / free cash flow | 0.0% | 0.0% | — | 203.2% | — | — | — | 82.5% | 0.0% | — |
| Capex / revenue | 1.2% | 4.8% | 2.6% | 1.1% | 3.5% | 4.1% | 0.8% | 1.5% | 1.5% | 0.8% |
| Capex / operating cash flow | 12.1% | 49.6% | — | 21.8% | — | — | 412.7% | 22.0% | 10.7% | — |
| Capex / depreciation | 0.35 | 1.61 | 0.58 | 0.66 | 2.15 | 2.13 | 0.42 | 0.81 | 0.50 | 0.33 |
| Stock-based compensation / revenue | 1.5% | 1.5% | 1.1% | 0.5% | 0.5% | 0.5% | 0.7% | 0.9% | 1.6% | 1.2% |
| R&D / revenue | 3.3% | 4.1% | 6.5% | 6.0% | 7.0% | 5.1% | 3.6% | 2.9% | 3.3% | 6.7% |
| SG&A / revenue | 36.5% | 33.4% | 37.1% | 26.2% | 29.0% | 32.7% | 28.5% | 25.7% | 42.3% | 28.2% |
| Efficiency | ||||||||||
| Days sales outstanding | 97.6 | 89.4 | 83.9 | 83.4 | 77.4 | 71.1 | 66.9 | 100.4 | 139.1 | 85.9 |
| Days of inventory on hand | 158.9 | 173.3 | 141.6 | 130.0 | 141.7 | 154.9 | 149.2 | 158.8 | 187.6 | 98.5 |
| Days payables outstanding | 45.6 | 45.4 | 42.5 | 42.4 | 39.3 | 31.4 | 39.7 | 82.2 | 129.8 | 65.7 |
| Cash conversion cycle (days) | 210.9 | 217.3 | 183.0 | 170.9 | 179.9 | 194.6 | 176.4 | 177.0 | 197.0 | 118.7 |
| Receivables turnover | 3.74 | 4.08 | 4.35 | 4.38 | 4.71 | 5.13 | 5.45 | 3.63 | 2.62 | 4.25 |
| Payables turnover | 8.00 | 8.04 | 8.59 | 8.60 | 9.29 | 11.64 | 9.20 | 4.44 | 2.81 | 5.56 |
| Inventory turnover | 2.30 | 2.11 | 2.58 | 2.81 | 2.58 | 2.36 | 2.45 | 2.30 | 1.95 | 3.71 |
| Asset turnover | 0.75 | 0.79 | 0.84 | 0.85 | 0.78 | 0.57 | 0.62 | 0.59 | 0.54 | 0.99 |
| Average receivables | $21.2M | $24.8M | $26.1M | $24.3M | $18.1M | $12.8M | $15.6M | $27.5M | $31.7M | $28.3M |
| Average payables | $6.5M | $8.1M | $9.1M | $7.8M | $5.5M | $3.5M | $5.6M | $14.2M | $18.5M | $15.5M |
| Average inventory | $22.8M | $30.9M | $30.2M | $23.8M | $19.7M | $17.4M | $21.1M | $27.5M | $26.7M | $23.3M |
| Intangibles / total assets | 2.2% | 21.2% | 24.6% | 8.9% | 10.3% | 7.1% | 5.9% | 5.2% | 7.8% | 12.9% |
Computed from ASYS's annual financial statements (latest annual report filed December 10, 2025) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
ASYS valuation and financial ratios
Based on the latest twelve months, the trailing P/E is 47.4 and the forward P/E is 12.4. Amtech Systems earned a return on equity of −44.7% and a return on invested capital of −31.3% in fiscal 2025. It ended the year with $19.5 million of debt and $17.9 million in cash and short-term investments, net debt of $1.6 million. The share count rose 8.6% from 13.2M to 14.3M over 9 years.
See the ASYS income statement, the ASYS chart for price history, or the ASYS stock overview for the latest quote and news.
ASYS key metrics FAQ
What is Amtech Systems's P/E ratio?
Amtech Systems's trailing P/E ratio is 47.4 based on the last twelve months of earnings (as of October 17, 2026), and its forward P/E is 12.4. At the end of fiscal 2025 it was —, compared with a 10-year median of 16.4.
What is Amtech Systems's return on equity?
Amtech Systems's return on equity (ROE) was −44.7% in fiscal 2025: net income of -$30.3 million on average shareholders' equity of $67.9 million.
What is Amtech Systems's ROIC?
Amtech Systems's return on invested capital was −31.3% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Amtech Systems have?
Amtech Systems had total debt of $19.5 million at the end of fiscal 2025, a debt-to-equity ratio of 0.37.
What is Amtech Systems's free cash flow yield?
Amtech Systems generated $6.9 million of free cash flow in fiscal 2025, a free cash flow yield of 5.2% on its market value at year-end ($132.4 million).
What is Amtech Systems's current ratio?
Amtech Systems's current ratio was 2.94 at the end of fiscal 2025: current assets were 2.94 times current liabilities.