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Valued as a growth company: Discounted cash flow, P/E comparison, and EV/EBITDA comparison.
ACCE opinionCamtek Ltd. Ordinary Shares (CAMT)
Fair value (2 models)
Not available
ACCE price target
$141
Rating
Not rated
Horizon
12 months
ACCE price target published on 10 Oct 2026, 00:00 CEST.
Price used: $121 at the close on 23 Oct 2026, 22:00 CEST.
Models: Discounted cash flow, EV/EBITDA comparison, and P/E comparison.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
ACCE score
34
out of 100
Analysts
58% buy
12 covering
P/E
186.4x
forward 28.2x
1-year return
+2.6%
Dividend yield
0.00%
Camtek Ltd. Ordinary Shares in four questions
Plain answers, details below
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Overview
ACCE thesis
Camtek makes process control and inspection systems for advanced semiconductor packaging, including the Eagle and Hawk platforms used to inspect wafers and substrates for high-bandwidth memory and advanced packaging lines. Its edge is a narrow niche where chipmakers need metrology tools that can catch defects in 2.5D and 3D packaging, a segment that is growing faster than the broader equipment market. Revenue growth has been muted at 2.5% and the trailing P/E of 199 reflects depressed earnings, while the forward P/E of 29.9 implies the market expects a sharp earnings recovery. A 51% gross margin and 22.4% operating margin are healthy for hardware, but ROE of 7.6% and a 0 index membership suggest the market has not yet rewarded the business. The question for a deeper look is whether packaging demand from AI-driven memory and logic programs converts into the earnings step-up that the forward multiple already assumes.
⚠ Investor warnings · 3 flagsAI-assisted·How I use AI
high
Earnings declining despite valuation
Earnings fell 10.0% YoY while the stock trades at a trailing P/E of 227.1 and EV/EBITDA of 153.3, leaving little margin for error on the forward P/E of 29.9.
moderate
Revenue growth slowing sharply
Revenue grew only 2.5% YoY against a 5-year CAGR of 26.1%, a sharp deceleration that the 9.5% QoQ gain does not fully offset.
moderate
Score down 7 points in 90 days
The ACCE score fell from 45 to 38 over 90 days, with the Value component at 24 and Growth at 19 weighing on the total.
AI research notes
AI-assisted·How I use AIWritten Oct 13, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
Analysts remain constructive, with 58% rating the stock Buy or Strong Buy and a mean target above the current price.
Five-year revenue growth averaged 26.1% a year, showing the business has expanded quickly over a long stretch.
Trailing earnings beat expectations last quarter, with earnings per share of 0.69 against 0.67 expected.
Why it could disappoint
Revenue grew only 2.5% over the last year, a sharp slowdown from the long-run pace.
At $147.63 the stock trades far above the consensus fair value of $73.38, a gap of 50.3%.
The forward multiple of 29.9x sits above the sector median of 29.3x while return on invested capital is only 3.7%.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.
Next results
Nov 4, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle
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Valuation
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Where CAMT's valuation models land
Price
$121.16
Model fair valueConfidence: medium
$94.58
Model
Fair value
Upside
Discounted cash flow
EV/EBITDA comparison
P/E comparison
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Quality
INVESTOR
Quality and conviction INVESTOR FEATURE
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