Advanced Energy Industries Inc

Electronic Components, Nec

AEISMixed8 of 11 basics passed

$282.14

-0.74%

Market cap $11.3B

$282.14

-0.74%

Market cap $11.3B

Advanced Energy Industries Inc provides precision power conversion, measurement, and control solutions. The company designs, manufactures, sells, and services power electronics conversion products that transform raw electrical power into controllable, usable power for complex equipment.

It is a $11.3B technology company. Revenue grew 24.6% over the last year, and it keeps 11¢ of every dollar of sales as profit. It trades at 52.7× earnings — around the middle of its own history.

Website: advancedenergy.com
Location: Denver, CO
Employees: 13 000
Sector: Technology

Share price · 3 years

$102.10 → $282.14+176.3%

price only — dividends excluded

Key facts · TTM

Revenue: total sales; $2.04B
Profit: keeps 11¢ of every $1 sold; $219M
Free cash flow: cash left after running the business; $86.7M
P/E: years of profit in the price; 52.7
EPS: earnings per share, TTM; $5.68
Dividend: pays out 7% of profit · 18% of FCF; 0.14%
Shares: down 4% since 2016 — buybacks; 38.6M
Volatility: beta vs the market — under 1 swings less; 1.34

Revenue, last 10 years

52-week range

Low $169.62$282.14High $389.05

Today's price is 51% of the way from the year's low to its high.

P/E vs its history5y

52.7×median 33.2×

Higher than 66% of past days — around the middle of its own history.

Valuation vs own history

P/E

52.7×

34%

P/S

5.7×

12%

EV/EBITDA

41.7×

43%

P/B

7.9×

11%

FCF yield

0.7%

Share of the last ~5 years that was pricier than today (pricier than usual). Based on the daily valuation record.

Insider activity · 90 days

-$2.44Mnet selling

Purchases$0

Sales$2.44M

Insiders trading, last 14d0 buy · 1 sell

Standing in Technology

Size$11.3Btop 82%
Revenue growth-1%top 87%
Net margin11%top 56%
Return on equity16%top 51%
P/E52.7×top 72%
Dividend yield0.14%top 89%

Ranked against 220 Technology companies with a full CV — for P/E, lower ranks higher.

Skills

Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.

Strong profitability; Valuation and Growth lag behind.

Valuation22

P/E vs own history66th pct · 5/25
FCF yield0.8% · 5/25
P/S5.7x · 12/25
EV/EBITDA44.1x · 0/25

Growth49

Revenue CAGR5.4% · 12/25
Net income CAGR2.4% · 6/25
EPS CAGR ~5Y1.9% · 6/25
Fwd implied growth168.2% · 25/25

Profitability77

ROIC28.3% · 25/25
ROE15.9% · 20/25
Net margin10.8% · 20/25
Operating margin11.7% · 12/25

Health50

Altman Zn/a · 0/25
Current ratio3.79 · 25/25
Interest coverage34.8x · 25/25
Net cash / debtn/a · 0/25

Quality60

Piotroski F6/9 · 15/25
Beneish M-2.57 · 25/25
FCF conversion40% · 8/25
Margin stabilityσ 8.8% · 12/25

Moat70

ROIC >12% years7/10 yrs · 20/25
Median gross margin38.0% · 13/25
FCF-positive years10/10 yrs · 25/25
Worst-year net marginworst 3.7% · 12/25

How the scores work →

Experience

The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.

FY2022Financial
Best year on record
$200M net income
FY2020Financial
Revenue crossed $1B
$1.42B for the year
FY2016Financial
Profitable every year on record
10 consecutive profitable years in our data
FY2016Financial
Positive free cash flow every year since
10-year streak

Achievements

Verifiable track record, straight from the reported numbers.

$10 000 invested in 2021 would be worth ~$32 197 today — price return only

$1.8B revenue in FY2025

Revenue up 24.6% year over year

Profitable 10 years in a row

Positive free cash flow 10 years in a row

13 000 employees

ROIC of 28.3%

Strengths & watch-outs

What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.

Strengths

Revenue growing 24.6% year over year
Interest covered 34.8× by operating earnings
High returns on invested capital (ROIC 28.3%)

Watch-outs

Nothing stands out as a concern in the available data.

Qualifications

The basics a company should meet before you research it further. Each check uses the reported numbers.

8 of 11 checks passed

Revenue growing — the company sells more than a year ago+24.6% YoY
Profitable — makes more than it spends$219M TTM
Profit growing — earnings are higher than last year-10.1% YoY
Generates cash — cash left after running and investing$86.7M TTM
Debt under control — could handle its obligationscurrent ratio 3.79
Established company — not a micro-cap — lower blow-up risk$11.3B market cap
Not printing shares — share count not ballooning — you keep your slice+0.2% shares over ~5y
Proven track record — years of profitability behind it10/10 profitable years
Financially stable — balance sheet not near distresshealth score 50/100
Pays a dividend — returns cash to shareholdersyield 0.14%
Valuation not extreme — price not wildly above earningsP/E 52.7

Peer comparisonAdvanced Energy Industries Inc vs 6 largest technology peers — cap, P/E, growth and margin side by sideOpen ▾

Company	Market cap	P/E	Revenue growth	Net margin	Profile
AEIS this company	$11.3B	52.7	+24.6%	10.8%	Mixed
NVDA Nvidia Corp	$5.5T	28.6	+83.4%	63.7%	Mixed
AAPL Apple Inc.	$4.9T	38.1	+14.2%	27.6%	Strong
GOOGL Alphabet Inc.	$4.3T	17.6	+20.1%	54.8%	Mixed
MSFT Microsoft Corp	$4.0T	29.7	+17.8%	40.3%	Strong
SPCX Space Exploration Technologies Corp.	$2.1T	—	+33.2%	-34.0%	Strained
META Meta Platforms, Inc.	$1.8T	26.9	+27.7%	29.8%	Mixed

Head-to-head: AEIS vs NVDA · AEIS vs AAPL · AEIS vs GOOGL

References

What covering analysts publish about the company — information only, not a recommendation.

Strong buy 6Buy 11Hold 3

Appendix · Financial records

The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.

Profit & lossRevenue $2.04B · net income $219M (TTM)Open ▾

Profit & loss

Revenue and profit over the company's career — the income statement, visualised.

How FY2025 revenue flows to profit

RevenueNet income

Revenue (TTM)

$2.04B

YoY 24.6%

Net income (TTM)

$219M

Margin 10.8%

Gross margin

39.3%

Operating margin

11.7%

P/E ratio

52.7

Dividend yield

0.14%

Income statement — full detail

Figures in USD billions · EPS in USD

	2020	2021	2022	2023	2024	2025
Revenue	1.4	1.5	1.8	1.7	1.5	1.8
Gross profit	0.5	0.5	0.7	0.6	0.5	0.7
Operating income (EBIT)	0.2	0.2	0.2	0.1	0.0	0.2
Net income	0.1	0.1	0.2	0.1	0.1	0.1
EPS (diluted)	3.49	3.51	5.29	3.40	1.43	3.84

Cash flowFree cash flow $86.7M · operating cash flow $238M (TTM)Open ▾

Cash flow statement

Cash generated by the business and what is left after investment — year by year.

Operating cash flowFree cash flow

Free cash flow (TTM)

$86.7M

Margin 4.3%

Operating cash flow (TTM)

$238M

FCF margin

4.3%

Cash flow statement — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Operating cash flow	0.2	0.1	0.2	0.2	0.1	0.2
Capital expenditure	-0.0	-0.0	-0.1	-0.1	-0.1	-0.1
Free cash flow	0.2	0.1	0.1	0.1	0.1	0.1
FCF margin	11.6%	7.4%	6.8%	8.9%	5.0%	7.0%

Balance sheetAssets $2.55B · debt n/a (FY2025)Open ▾

Balance sheet

How the balance sheet is built — what it owns versus how it is financed.

How $2.55B of assets is financed

46%

54%

Liabilities $1.18B — borrowed moneyEquity $1.36B — owners' stake

Debt repayment

0.0 yrs

Years of free cash flow to clear net debt

Interest coverage

34.8x

EBIT ÷ interest expense

ROE

15.9%

Profit per $1 of equity

Balance sheet — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Cash & equivalents	0.5	0.5	0.5	1.0	0.7	0.8
Total assets	1.6	1.8	2.0	2.6	2.3	2.5
Total liabilities	0.8	0.9	0.9	1.4	1.1	1.2
Total debt	0.3	0.4	0.4	0.9	0.6	—
Equity	0.8	0.9	1.1	1.1	1.2	1.4
Net debt	-0.2	-0.2	-0.1	-0.1	-0.2	—

Want the live picture — intraday moves, valuation history and full analysis?

Deeper analysis of AEIS on PreMarketPrice

Figures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $282.14 · market cap $11.3B.