ASM INTERNATIONAL NV (ASM.AS) Stock Fundamental Analysis
Europe - Euronext Amsterdam - AMS:ASM - NL0000334118 - Common Stock
711.4 EUR
+19 (+2.74%)
We assign a fundamental rating of 6 out of 10 to ASM. ASM was compared to 68 industry peers in the Semiconductors & Semiconductor Equipment industry. While ASM has a great profitability rating, there are some minor concerns on its financial health. ASM is valued quite expensive, but it does show an excellent growth. This makes ASM very considerable for growth investing!
1. Profitability
1.1 Basic Checks
- In the past year ASM was profitable.
- ASM had a positive operating cash flow in the past year.
- In the past 5 years ASM has always been profitable.
- In the past 5 years ASM always reported a positive cash flow from operatings.
1.2 Ratios
- The Return On Assets of ASM (14.94%) is better than 80.88% of its industry peers.
- ASM has a better Return On Equity (20.42%) than 70.59% of its industry peers.
- With an excellent Return On Invested Capital value of 20.12%, ASM belongs to the best of the industry, outperforming 80.88% of the companies in the same industry.
- The Average Return On Invested Capital over the past 3 years for ASM is above the industry average of 14.62%.
- The 3 year average ROIC (16.63%) for ASM is below the current ROIC(20.12%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 14.94% | ||
| ROE | 20.42% | ||
| ROIC | 20.12% |
ROA(3y)13.82%
ROA(5y)14.5%
ROE(3y)18.59%
ROE(5y)18.64%
ROIC(3y)16.63%
ROIC(5y)16.46%
1.3 Margins
- ASM has a Profit Margin of 23.87%. This is in the better half of the industry: ASM outperforms 69.12% of its industry peers.
- In the last couple of years the Profit Margin of ASM has declined.
- ASM has a better Operating Margin (30.26%) than 79.41% of its industry peers.
- ASM's Operating Margin has improved in the last couple of years.
- Looking at the Gross Margin, with a value of 51.86%, ASM is in the better half of the industry, outperforming 63.24% of the companies in the same industry.
- In the last couple of years the Gross Margin of ASM has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 30.26% | ||
| PM (TTM) | 23.87% | ||
| GM | 51.86% |
OM growth 3Y-1.4%
OM growth 5Y6.33%
PM growth 3Y-6.49%
PM growth 5Y-4.38%
GM growth 3Y1.81%
GM growth 5Y3.46%
2. Health
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so ASM is creating value.
- The number of shares outstanding for ASM has been reduced compared to 1 year ago.
- The number of shares outstanding for ASM has been increased compared to 5 years ago.
- ASM has a better debt/assets ratio than last year.
2.2 Solvency
- ASM has a debt to FCF ratio of 0.08. This is a very positive value and a sign of high solvency as it would only need 0.08 years to pay back of all of its debts.
- Looking at the Debt to FCF ratio, with a value of 0.08, ASM belongs to the top of the industry, outperforming 97.06% of the companies in the same industry.
- ASM has a Debt/Equity ratio of 0.01. This is a healthy value indicating a solid balance between debt and equity.
- ASM has a Debt to Equity ratio of 0.01. This is amongst the best in the industry. ASM outperforms 94.12% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.08 | ||
| Altman-Z | N/A |
ROIC/WACC1.96
WACC10.27%
2.3 Liquidity
- A Current Ratio of 2.16 indicates that ASM has no problem at all paying its short term obligations.
- With a Current ratio value of 2.16, ASM is not doing good in the industry: 60.29% of the companies in the same industry are doing better.
- A Quick Ratio of 1.68 indicates that ASM should not have too much problems paying its short term obligations.
- The Quick ratio of ASM (1.68) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.16 | ||
| Quick Ratio | 1.68 |
3. Growth
3.1 Past
- The Earnings Per Share has grown by an impressive 39.01% over the past year.
- The Earnings Per Share has been growing by 22.75% on average over the past years. This is a very strong growth
- The Revenue has grown by 19.12% in the past year. This is quite good.
- ASM shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 21.13% yearly.
EPS 1Y (TTM)39.01%
EPS 3Y11.54%
EPS 5Y22.75%
EPS Q2Q%54.24%
Revenue 1Y (TTM)19.12%
Revenue growth 3Y19.24%
Revenue growth 5Y21.13%
Sales Q2Q%2.75%
3.2 Future
- The Earnings Per Share is expected to grow by 13.39% on average over the next years. This is quite good.
- The Revenue is expected to grow by 12.26% on average over the next years. This is quite good.
EPS Next Y2.9%
EPS Next 2Y6.59%
EPS Next 3Y13.2%
EPS Next 5Y13.39%
Revenue Next Year6.42%
Revenue Next 2Y7.43%
Revenue Next 3Y10.88%
Revenue Next 5Y12.26%
3.3 Evolution
- Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
- The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
4. Valuation
4.1 Price/Earnings Ratio
- The Price/Earnings ratio is 43.78, which means the current valuation is very expensive for ASM.
- ASM's Price/Earnings ratio is in line with the industry average.
- The average S&P500 Price/Earnings ratio is at 26.94. ASM is valued rather expensively when compared to this.
- A Price/Forward Earnings ratio of 43.64 indicates a quite expensive valuation of ASM.
- Based on the Price/Forward Earnings ratio, ASM is valued a bit more expensive than the industry average as 73.53% of the companies are valued more cheaply.
- The average S&P500 Price/Forward Earnings ratio is at 23.94. ASM is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 43.78 | ||
| Fwd PE | 43.64 |
4.2 Price Multiples
- The rest of the industry has a similar Enterprise Value to EBITDA ratio as ASM.
- 70.59% of the companies in the same industry are more expensive than ASM, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 47.08 | ||
| EV/EBITDA | 27.72 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
- The excellent profitability rating of ASM may justify a higher PE ratio.
- ASM's earnings are expected to grow with 13.20% in the coming years. This may justify a more expensive valuation.
PEG (NY)15.11
PEG (5Y)1.92
EPS Next 2Y6.59%
EPS Next 3Y13.2%
5. Dividend
5.1 Amount
- With a yearly dividend of 0.44%, ASM is not a good candidate for dividend investing.
- Compared to an average industry Dividend Yield of 0.72, ASM has a dividend in line with its industry peers.
- With a Dividend Yield of 0.44, ASM pays less dividend than the S&P500 average, which is at 1.83.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.44% |
5.2 History
- On average, the dividend of ASM grows each year by 6.39%, which is quite nice.
Dividend Growth(5Y)6.39%
Div Incr Years2
Div Non Decr Years5
5.3 Sustainability
- 18.80% of the earnings are spent on dividend by ASM. This is a low number and sustainable payout ratio.
- The dividend of ASM is growing, but earnings are growing more, so the dividend growth is sustainable.
DP18.8%
EPS Next 2Y6.59%
EPS Next 3Y13.2%
AMS:ASM (1/20/2026, 7:00:00 PM)
711.4
+19 (+2.74%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)10-28 2025-10-28/amc
Earnings (Next)02-23 2026-02-23/amc
Inst Owners60.72%
Inst Owner ChangeN/A
Ins Owners0.09%
Ins Owner ChangeN/A
Market Cap35.09B
Revenue(TTM)3.28B
Net Income(TTM)783.70M
Analysts78.4
Price Target647.96 (-8.92%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.44% |
Yearly Dividend2.76
Dividend Growth(5Y)6.39%
DP18.8%
Div Incr Years2
Div Non Decr Years5
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-0.68%
Min EPS beat(2)-15.47%
Max EPS beat(2)14.11%
EPS beat(4)2
Avg EPS beat(4)6.41%
Min EPS beat(4)-15.47%
Max EPS beat(4)30.35%
EPS beat(8)3
Avg EPS beat(8)0.13%
EPS beat(12)4
Avg EPS beat(12)-1.22%
EPS beat(16)7
Avg EPS beat(16)1.23%
Revenue beat(2)1
Avg Revenue beat(2)-0.33%
Min Revenue beat(2)-1.28%
Max Revenue beat(2)0.62%
Revenue beat(4)2
Avg Revenue beat(4)-0.13%
Min Revenue beat(4)-1.28%
Max Revenue beat(4)0.79%
Revenue beat(8)5
Avg Revenue beat(8)0.18%
Revenue beat(12)7
Avg Revenue beat(12)0.24%
Revenue beat(16)8
Avg Revenue beat(16)0.24%
PT rev (1m)3%
PT rev (3m)12.94%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-17.9%
EPS NY rev (1m)0.77%
EPS NY rev (3m)-1.21%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-10.43%
Revenue NY rev (1m)-0.73%
Revenue NY rev (3m)-3.15%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 43.78 | ||
| Fwd PE | 43.64 | ||
| P/S | 10.69 | ||
| P/FCF | 47.08 | ||
| P/OCF | 30.2 | ||
| P/B | 9.14 | ||
| P/tB | 13.39 | ||
| EV/EBITDA | 27.72 |
EPS(TTM)16.25
EY2.28%
EPS(NY)16.3
Fwd EY2.29%
FCF(TTM)15.11
FCFY2.12%
OCF(TTM)23.56
OCFY3.31%
SpS66.57
BVpS77.8
TBVpS53.13
PEG (NY)15.11
PEG (5Y)1.92
Graham Number168.66
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 14.94% | ||
| ROE | 20.42% | ||
| ROCE | 24.27% | ||
| ROIC | 20.12% | ||
| ROICexc | 20.12% | ||
| ROICexgc | 28.63% | ||
| OM | 30.26% | ||
| PM (TTM) | 23.87% | ||
| GM | 51.86% | ||
| FCFM | 22.7% |
ROA(3y)13.82%
ROA(5y)14.5%
ROE(3y)18.59%
ROE(5y)18.64%
ROIC(3y)16.63%
ROIC(5y)16.46%
ROICexc(3y)20.48%
ROICexc(5y)20.83%
ROICexgc(3y)32.62%
ROICexgc(5y)29.73%
ROCE(3y)20.06%
ROCE(5y)19.85%
ROICexgc growth 3Y7.29%
ROICexgc growth 5Y16.64%
ROICexc growth 3Y-2.54%
ROICexc growth 5Y9.64%
OM growth 3Y-1.4%
OM growth 5Y6.33%
PM growth 3Y-6.49%
PM growth 5Y-4.38%
GM growth 3Y1.81%
GM growth 5Y3.46%
F-Score7
Asset Turnover0.63
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.08 | ||
| Debt/EBITDA | 0.05 | ||
| Cap/Depr | 173.26% | ||
| Cap/Sales | 12.69% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 94.15% | ||
| Profit Quality | 95.11% | ||
| Current Ratio | 2.16 | ||
| Quick Ratio | 1.68 | ||
| Altman-Z | N/A |
F-Score7
WACC10.27%
ROIC/WACC1.96
Cap/Depr(3y)177.39%
Cap/Depr(5y)175.83%
Cap/Sales(3y)11.05%
Cap/Sales(5y)10.89%
Profit Quality(3y)72.97%
Profit Quality(5y)59.94%
High Growth Momentum
Growth
EPS 1Y (TTM)39.01%
EPS 3Y11.54%
EPS 5Y22.75%
EPS Q2Q%54.24%
EPS Next Y2.9%
EPS Next 2Y6.59%
EPS Next 3Y13.2%
EPS Next 5Y13.39%
Revenue 1Y (TTM)19.12%
Revenue growth 3Y19.24%
Revenue growth 5Y21.13%
Sales Q2Q%2.75%
Revenue Next Year6.42%
Revenue Next 2Y7.43%
Revenue Next 3Y10.88%
Revenue Next 5Y12.26%
EBIT growth 1Y40.43%
EBIT growth 3Y17.57%
EBIT growth 5Y28.8%
EBIT Next Year43.93%
EBIT Next 3Y22.06%
EBIT Next 5Y20.69%
FCF growth 1Y104.96%
FCF growth 3Y33.54%
FCF growth 5Y7.13%
OCF growth 1Y72.38%
OCF growth 3Y33.11%
OCF growth 5Y12.92%
ASM INTERNATIONAL NV / ASM.AS FAQ
Can you provide the ChartMill fundamental rating for ASM INTERNATIONAL NV?
ChartMill assigns a fundamental rating of 6 / 10 to ASM.AS.
Can you provide the valuation status for ASM INTERNATIONAL NV?
ChartMill assigns a valuation rating of 3 / 10 to ASM INTERNATIONAL NV (ASM.AS). This can be considered as Overvalued.
Can you provide the profitability details for ASM INTERNATIONAL NV?
ASM INTERNATIONAL NV (ASM.AS) has a profitability rating of 8 / 10.
What is the valuation of ASM INTERNATIONAL NV based on its PE and PB ratios?
The Price/Earnings (PE) ratio for ASM INTERNATIONAL NV (ASM.AS) is 43.78 and the Price/Book (PB) ratio is 9.14.
Is the dividend of ASM INTERNATIONAL NV sustainable?
The dividend rating of ASM INTERNATIONAL NV (ASM.AS) is 4 / 10 and the dividend payout ratio is 18.8%.