Amtech Systems Inc. Common Stock (ASYS)

FairStock Score: 24/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a Buffett/Graham investor, I look for durable moats, consistent earnings, and a price below intrinsic value. Amtech is a small semiconductor capital-equipment maker with 264 employees. Its history is not reassuring: in FY2025, the year ended 2025-09-30, revenue was $79.4M and net income was -$30.3M, or diluted EPS -$2.12. FY2024 revenue was $101.2M with a -$8.5M loss, and FY2023 revenue was $113.3M with a -$12.6M loss. That is shrinking revenue and repeated losses, not a stable moat. The recent turn is real: fiscal Q1 2026, the quarter ended 2025-12-31, revenue was $19.0M and net income was $108,000; fiscal Q2 2026, the quarter ended 2026-03-31, revenue was $20.5M and net income was $1.2M; fiscal Q3 2026, the quarter ended 2026-06-30, revenue was $22.4M and net income was $1.7M, or diluted EPS $0.10. TTM free cash flow is $8.7M, a 3.2% FCF yield, and debt to equity is 0.15. Those are positives. But at the 2026-10-13 close of $15.40, FairStock calculates a P/E of 57.04, P/B of 2.33, EV/EBITDA of 24.25, Graham Number of $6.33, and a -143.29% margin of safety. ROE is 4.78% and ROCE is 3.42%. The price already assumes the turnaround succeeds. I would need more proof of durable earnings before calling this a value opportunity; today it looks like a speculative cyclical recovery, not a margin-of-safety bargain.

In plain English: Amtech Systems makes machines and materials used to build and package semiconductor chips. The business has been mostly unprofitable in recent years, but the last few quarters show small profits and rising sales. At $15.40, the stock looks expensive compared with its reported earnings and asset value, so the price seems to already reflect a lot of improvement.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q3 2026 10-Q (period ended 2026-06-30) · fiscal Q2 2026 10-Q (period ended 2026-03-31) · fiscal Q1 2026 10-Q (period ended 2025-12-31) · fiscal Q3 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-09-30) · FY2024 10-K (period ended 2024-09-30) · FY2023 10-K (period ended 2023-09-30)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer