- The report contains detailed information about AXT Inc. that gives an unrivalled in-depth knowledge about internal business-environment of the company: data about the owners, senior executives, locations, subsidiaries, markets, products, and company history.
- Another part of the report is a SWOT-analysis carried out for AXT Inc.. It involves specifying the objective of the company's business and identifies the different factors that are favorable and unfavorable to achieving that objective. SWOT-analysis helps to understand company’s strengths, weaknesses, opportunities, and possible threats against it.
- The AXT Inc. financial analysis covers the income statement and ratio trend-charts with balance sheets and cash flows presented on an annual and quarterly basis. The report outlines the main financial ratios pertaining to profitability, margin analysis, asset turnover, credit ratios, and company’s long-term solvency. This sort of company's information will assist and strengthen your company’s decision-making processes.
- In the part that describes AXT Inc. competitors and the industry in whole, the information about company's financial ratios is compared to those of its competitors and to the industry. The unique analysis of the market and company’s competitors along with detailed information about the internal and external factors affecting the relevant industry will help to manage your business environment. Your company’s business and sales activities will be boosted by gaining an insight into your competitors’ businesses.
- Also the report provides relevant news, an analysis of PR-activity, and stock price movements. The latter are correlated with pertinent news and press releases, and annual and quarterly forecasts are given by a variety of experts and market research firms. Such information creates your awareness about principal trends of AXT Inc. business.
About AXT Inc.
AXT, Inc. engages in the development and production of compound and single element semiconductor substrates, including substrates made from gallium arsenide (GaAs), indium phosphide (InP), and germanium (Ge).
The company manufactures its semiconductor substrates using its proprietary vertical gradient freeze (VGF) technology. It manufactures its products in the People's Republic of China.
The company designs, develops, manufactures, and distributes semiconductor substrates. It makes semi-insulating GaAs substrates used in applications, such as amplifiers and switches for wireless devices, and semi-conducting GaAs substrates used to create opto-electronic products, including high brightness light emitting diodes (HBLEDs), which are used to backlight wireless handsets and liquid crystal display (LCD) TVs and for automotive and general illumination applications. InP is a semiconductor substrate used in broadband and fiber optic applications. Ge substrates are used in emerging applications, such as triple junction solar cells for space and terrestrial photovoltaic applications and for optical applications.
Substrates: The company sells compound substrates manufactured from GaAs and InP, as well as single-element substrates manufactured from Ge. It supplies GaAs substrates in two-, three-, four-, five-and six-inch diameters. The company manufactures InP substrates in two-, three-and four-inch diameters, and Ge substrates in two- and four-inch diameters.
Materials: The company participate in five joint ventures in China that sell raw materials used by the company in substrate manufacturing and by others. Its primary joint ventures include Beijing JiYa Semiconductor Material Co., Ltd. (JiYa), Nanjing Jin Mei Gallium Co., Ltd. (Jin Mei), and Beijing BoYu Semiconductor Vessel Craftwork Technology Co., Ltd (BoYu). Its ownership interest in these entities ranges from 25% to 83%. These joint ventures produce products including 99.99% pure gallium (4N Ga), gallium, arsenic, and germanium, germanium dioxide, paralytic boron nitride (pBN) crucibles, and boron oxide (B2O3) used in crystal growth and parts for MBE (Molecular Beam Epitaxy).
Sales and Marketing
The company sells its substrate products direct to customers through its direct sales force in the U.S. and through independent sales representatives in France, Germany, Japan, South Korea, Taiwan, and the United Kingdom.
The company sells its compound semiconductor substrates and materials worldwide. Its major customers for 2009 were: Arima Optoelectronics Corporation; IQE Group; Sumitomo Chemical Co., Ltd.; Avago Technologies Manufacturing (Singapore) Pte. Ltd.; Osram Opto Semiconductors GmbH; Visual Photonics Epitaxy Co., Ltd.; AZUR Space Solar Power GmbH; Picogiga International SAS; WIN Semiconductors Corporation; Beijing Compound Crystal Technology, Ltd.; Recapture Metals Limited; Xiamen Changelight Co., Ltd.; Hitachi Cable, Ltd.; Sumika Electronic Materials Co., Ltd.; and Xiamen Sanan Optoelectronics Co., Ltd.
The companys primary competition in the market for compound semiconductor substrates includes China Crystal Technologies, Freiberger Compound Materials, Japan Energy, Mitsubishi Chemical Corporation, and Sumitomo Electric Industries. In addition, the company also faces competition from compound semiconductor device manufacturers that produce substrates for their own internal use, including Hitachi, and from companies, such as IBM that are actively developing alternative compound semiconductor materials.
AXT, Inc. was founded in 1986.
The above Company Fundamental Report is a half-ready report and contents are subject to change.
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1. AXT INC. COMPANY PROFILE
1.1. Key facts
1.2. Financial Performance
1.3. Key Executives
1.4. Ownership and Major Holders
1.5. Company History
2. AXT INC. BUSINESS OVERVIEW
2.1. Business Description
2.2. Major Products and Services
2.3. Markets and Sales Activities
2.4. Locations, Subsidiaries, Operating Units
3. AXT INC. SWOT ANALYSIS
4. AXT INC. FINANCIAL ANALYSIS
4.1. Financial Statements
4.1.1. Income Statement
4.1.2. Balance Sheet
4.1.3. Cash Flow
4.2. Financial Ratios
4.2.2. Margin Analysis
4.2.3. Asset Turnover
4.2.4. Credit Ratios
4.2.5. Long-Term Solvency
4.2.6. Growth Over Prior Year
4.2.7. Financial Ratios Charts
4.3. Stock Market Snapshot
5. AXT INC. COMPETITORS AND INDUSTRY ANALYSIS
5.1. AXT Inc. Direct Competitors
5.2. Comparison of AXT Inc. and Direct Competitors Financial Ratios
5.3. Comparison of AXT Inc. and Direct Competitors Stock Charts
5.4. AXT Inc. Industry Analysis
5.4.1. Semiconductors Industry Snapshot
5.4.2. AXT Inc. Industry Position Analysis
6. AXT INC. NEWS & EVENTS
6.1. News & PR Activity Analysis
6.2. IR Corporate News
6.3. Marketing News
6.4. Corporate Events
7. AXT INC. EXPERTS REVIEW1
7.1. Experts Opinion
7.2. Experts Estimates
8. AXT INC. ENHANCED SWOT ANALYSIS2
9. UNITED STATES PESTEL ANALYSIS2
9.1. Political Factors
9.2. Economic Factors
9.3. Social Factors
9.4. Technological Factors
9.5. Environmental Factors
9.6. Legal Factors
10. AXT INC. IFE, EFE, IE MATRICES2
10.1. Internal Factor Evaluation Matrix
10.2. External Factor Evaluation Matrix
10.3. Internal External Matrix
11. AXT INC. PORTER FIVE FORCES ANALYSIS2
12. AXT INC. VRIO ANALYSIS2
APPENDIX: RATIO DEFINITIONS
LIST OF TABLES
AXT Inc. Key Facts
Income Statement Key Figures
Balance Sheet Key Figures
Cash Flow Statement Key Figures
Financial Performance Abbreviation Guide
AXT Inc. Key Executives
Key Executives Biographies1
Key Executives Compensations1
AXT Inc. Major Shareholders
AXT Inc. History
AXT Inc. Products
Revenues by Segment
Revenues by Region
AXT Inc. Offices and Representations
AXT Inc. SWOT Analysis
Yearly Income Statement Including Trends
Income Statement Latest 4 Quarters Including Trends
Yearly Balance Sheet Including Trends
Balance Sheet Latest 4 Quarters Including Trends
Yearly Cash Flow Including Trends
Cash Flow Latest 4 Quarters Including Trends
AXT Inc. Profitability Ratios
Margin Analysis Ratios
Asset Turnover Ratios
Long-Term Solvency Ratios
Financial Ratios Growth Over Prior Year
AXT Inc. Capital Market Snapshot
AXT Inc. Direct Competitors Key Facts
Direct Competitors Profitability Ratios
Direct Competitors Margin Analysis Ratios
Direct Competitors Asset Turnover Ratios
Direct Competitors Credit Ratios
Direct Competitors Long-Term Solvency Ratios
Semiconductors Industry Statistics
AXT Inc. Industry Position
Company vs. Industry Income Statement Analysis
Company vs. Industry Balance Sheet Analysis
Company vs. Industry Cash Flow Analysis
Company vs. Industry Ratios Comparison
AXT Inc. Consensus Recommendations1
Analyst Recommendation Summary1
Price Target Summary1
Experts Recommendation Trends1
Revenue Estimates Analysis1
Earnings Estimates Analysis1
Revenue Estimates Trend1
Earnings Estimates Trend1
LIST OF FIGURES
AXT Inc. Annual Revenues in Comparison with Cost of Goods Sold and Gross Profit
Profit Margin Chart
Operating Margin Chart
Return on Equity (ROE) Chart
Return on Assets (ROA) Chart
Debt to Equity Chart
Current Ratio Chart
AXT Inc. 1-year Stock Charts
AXT Inc. 5-year Stock Charts
AXT Inc. vs. Main Indexes 1-year Stock Chart
AXT Inc. vs. Direct Competitors 1-year Stock Charts
AXT Inc. Article Density Chart
1 – Data availability depends on company’s security policy.
2 – These sections are available only when you purchase a report with appropriate additional types of analyses.
The complete financial data is available for publicly traded companies.
SWOT, which stands for Strengths, Weaknesses, Opportunities and Threats, is an analytical framework that identifies the internal and external factors that are favorable and unfavorable for a company.
Enhanced SWOT Analysis
Enhanced SWOT is a 3×3 grid that arranges strengths, weaknesses, opportunities and threats into one scheme:
- How to use the strengths to take advantage of the opportunities?
- How to use the strengths to reduce likelihood and impact of the threats?
- How to overcome the weaknesses that obstruct taking advantage of the opportunities?
- How to overcome the weaknesses that can make the threats a reality?
Upon answering these questions a company can develop a project plan to improve its business performance.
PESTEL (also termed as PESTLE) is an ideal tool to strategically analyze what influence different outside factors – political, economic, sociocultural, technological, environmental and legal – exert on a business to later chart its long term targets.
Being part of the external analysis when carrying out a strategic assessment or performing a market study, PESTEL gives an overview of diverse macro-environmental factors that any company should thoughtfully consider. By perceiving these outside environments, businesses can maximally benefit from the opportunities while minimizing the threats to the organization.
Key Factors Examined by PESTEL Analysis:
- Political – What opportunities and pressures are brought by political bodies and what is the degree of public regulations’ impact on the business?
- Economic – What economic policies, trends and structures are expected to affect the organization, what is this influence’s degree?
- Sociological – What cultural and societal aspects will work upon the demand for the business’s products and operations?
- Technological – What impact do the technological aspects, innovations, incentives and barriers have on the organization?
- Environmental – What environmental and ecological facets, both locally and farther afield, are likely to predetermine the business?
- Legal – What laws and legislation will exert influence on the style the business is carried out?
IFE, EFE, IE Matrices
The Internal Factor Evaluation matrix (IFE matrix) is a strategic management tool helping audit or evaluate major weaknesses and strengths in a business’s functional areas. In addition, IFE matrix serves as a basis for identifying and assessing relationships amongst those areas. The IFE matrix is utilised in strategy formulation.
The External Factor Evaluation matrix (EFE matrix) is a tool of strategic management that is typically utilised to assess current market conditions. It is an ideal instrument for visualising and prioritising the threats and opportunities a firm is facing.
The essential difference between the above mentioned matrices lies in the type of factors incorporated in the model; whilst the latter is engaged in internal factors, the former deals exceptionally with external factors – those exposed to social, political, economic, legal, etc. external forces.
Being a continuation of the EFE matrix and IFE matrix models, the Internal External matrix (IE matrix) rests upon an investigation of external and internal business factors integrated into one suggestive model.
Porter Five Forces Analysis
The Porter’s five forces analysis studies the industry of operation and helps the company find new sources of competitive advantage. The analysis surveys an industry through five major questions:
- What composes a threat of substitute products and services?
- Is there a threat of new competitors entering the market?
- What is the intensity of competitive rivalry?
- How big is the bargaining power of buyers?
- How significant is the bargaining power of suppliers?
VRIO stands for Value, Rarity, Imitability, Organization. This analysis helps to evaluate all company’s resources and capabilities and bring them together into one aggregate table that includes:
- Tangible resources
- Intangible resources
- Innovation and Creativity
- Organizational capabilities
The result of the analysis gives a clear picture of company’s competitive and economic implications, answering the questions if the resources mentioned above are:
- Costly to imitate?
- Organized properly?