Company Valuation: Camtek Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,018 974.7 3,114 3,666 4,867 6,861 - -
Change - -51.71% 219.46% 17.73% 32.76% 40.97% - -
Enterprise Value (EV) 1 2,018 974.7 3,114 3,666 4,719 6,441 6,278 6,118
Change - -51.71% 219.46% 17.73% 28.72% 36.49% -2.53% -2.55%
P/E 34.4x 13.2x 43.1x 33.4x 102x 48.1x 33.5x 32.6x
PBR 7.06x 2.76x 6.54x 6.68x 7.9x 9.25x 7.04x -
PEG - 0.6x -14.31x 0.7x -1.8x 0x 0.8x 11.93x
Capitalization / Revenue 7.49x 3.04x 9.87x 8.54x 9.81x 11.6x 9.22x 8.06x
EV / Revenue 7.49x 3.04x 9.87x 8.54x 9.51x 10.9x 8.43x 7.19x
EV / EBITDA 25.4x 10.1x 34.9x 26x 33.7x 35.3x 25.1x 22.7x
EV / EBIT 26.3x 10.6x 37.4x 28.1x 31.6x 37.1x 26.3x 24x
EV / FCF - - - 32.7x 37x 62.4x 38.5x 38.3x
FCF Yield - - - 3.06% 2.7% 1.6% 2.6% 2.61%
Dividend per Share 2 - - - 1.33 - - - -
Rate of return - - - 1.65% - - - -
EPS 2 1.34 1.66 1.61 2.42 1.04 3.055 4.39 4.51
Distribution rate - - - 55% - - - -
Net sales 1 269.7 320.9 315.4 429.2 496.1 593.2 744.3 851.1
EBITDA 1 79.52 96.12 89.13 141 140 182.4 249.8 269.4
EBIT 1 76.71 92.02 83.34 130.3 149.1 173.6 238.2 254.5
Net income 1 60.28 79.95 78.63 118.5 50.72 153.8 230 -
Net Debt 1 - - - - -148.3 -420.2 -583.2 -743.1
Reference price 2 46.04 21.96 69.38 80.77 106.34 147.05 147.05 147.05
Nbr of stocks (in thousands) 43,842 44,385 44,880 45,388 45,766 46,657 - -
Announcement Date 2/10/22 2/16/23 2/20/24 2/12/25 2/18/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
47.5x10.71x34.82x-.--% 6.77B
38.99x13.14x29.85x0.6% 656B
32.69x10.83x26.72x0.37% 384B
31.54x7.08x21.8x1.55% 154B
37.21x4.01x18.48x1.39% 96.53B
54.41x7.18x25.06x0.27% 22.71B
46.28x14.96x31.06x0.81% 22.43B
21.36x3.11x13.29x1.42% 15.82B
46.81x8.6x25.62x - 13.73B
Average 39.64x 8.85x 25.19x 0.8% 152.54B
Weighted average by Cap. 36.56x 10.93x 27.00x 0.7%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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  4. Valuation Camtek Ltd.