ASM INTERNATIONAL NV (ASM.AS) Stock Fundamental Analysis
Europe • Euronext Amsterdam • AMS:ASM • NL0000334118
709.8 EUR
+10.8 (+1.55%)
Last: Jan 30, 2026, 07:00 PM
Taking everything into account, ASM scores 6 out of 10 in our fundamental rating. ASM was compared to 69 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 shows excellent growth, but is valued quite expensive already. With these ratings, ASM could be worth investigating further for growth investing!.
1. Profitability
1.1 Basic Checks
- ASM had positive earnings in the past year.
- In the past year ASM had a positive cash flow from operations.
- Each year in the past 5 years ASM has been profitable.
- ASM had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- ASM has a better Return On Assets (14.94%) than 78.26% of its industry peers.
- With a decent Return On Equity value of 20.42%, ASM is doing good in the industry, outperforming 68.12% of the companies in the same industry.
- With a decent Return On Invested Capital value of 20.12%, ASM is doing good in the industry, outperforming 79.71% 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 14.31%.
- 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 better Profit Margin (23.87%) than 65.22% of its industry peers.
- ASM's Profit Margin has declined in the last couple of years.
- Looking at the Operating Margin, with a value of 30.26%, ASM is in the better half of the industry, outperforming 75.36% of the companies in the same industry.
- In the last couple of years the Operating Margin of ASM has grown nicely.
- The Gross Margin of ASM (51.86%) is comparable to the rest of the 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
- With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), ASM is creating value.
- Compared to 1 year ago, ASM has less shares outstanding
- Compared to 5 years ago, ASM has more shares outstanding
- Compared to 1 year ago, ASM has an improved debt to assets ratio.
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.
- ASM's Debt to FCF ratio of 0.08 is amongst the best of the industry. ASM outperforms 92.75% of its industry peers.
- ASM has a Debt/Equity ratio of 0.01. This is a healthy value indicating a solid balance between debt and equity.
- ASM's Debt to Equity ratio of 0.01 is amongst the best of the industry. ASM outperforms 89.86% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.08 | ||
| Altman-Z | N/A |
ROIC/WACC1.85
WACC10.89%
2.3 Liquidity
- A Current Ratio of 2.16 indicates that ASM has no problem at all paying its short term obligations.
- ASM has a Current ratio of 2.16. This is in the lower half of the industry: ASM underperforms 65.22% of its industry peers.
- A Quick Ratio of 1.68 indicates that ASM should not have too much problems paying its short term obligations.
- With a Quick ratio value of 1.68, ASM perfoms like the industry average, outperforming 50.72% of the companies in the same 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.
- ASM shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 22.75% yearly.
- ASM shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 19.12%.
- The Revenue has been growing by 21.13% on average over the past years. This is a very strong growth!
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
- Based on estimates for the next years, ASM will show a quite strong growth in Earnings Per Share. The EPS will grow by 13.39% on average per year.
- The Revenue is expected to grow by 12.26% on average over the next years. This is quite good.
EPS Next Y3.7%
EPS Next 2Y7.36%
EPS Next 3Y13.69%
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.
- Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
4. Valuation
4.1 Price/Earnings Ratio
- ASM is valuated quite expensively with a Price/Earnings ratio of 43.68.
- Compared to the rest of the industry, the Price/Earnings ratio of ASM is on the same level as its industry peers.
- Compared to an average S&P500 Price/Earnings ratio of 28.30, ASM is valued quite expensively.
- A Price/Forward Earnings ratio of 42.91 indicates a quite expensive valuation of ASM.
- 71.01% of the companies in the same industry are cheaper than ASM, based on the Price/Forward Earnings ratio.
- The average S&P500 Price/Forward Earnings ratio is at 25.57. ASM is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 43.68 | ||
| Fwd PE | 42.91 |
4.2 Price Multiples
- The rest of the industry has a similar Enterprise Value to EBITDA ratio as ASM.
- Based on the Price/Free Cash Flow ratio, ASM is valued a bit cheaper than 72.46% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 46.97 | ||
| EV/EBITDA | 27.98 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates ASM does not grow enough to justify the current Price/Earnings ratio.
- ASM has a very decent profitability rating, which may justify a higher PE ratio.
- A more expensive valuation may be justified as ASM's earnings are expected to grow with 13.69% in the coming years.
PEG (NY)11.79
PEG (5Y)1.92
EPS Next 2Y7.36%
EPS Next 3Y13.69%
5. Dividend
5.1 Amount
- With a yearly dividend of 0.42%, ASM is not a good candidate for dividend investing.
- Compared to an average industry Dividend Yield of 0.74, ASM has a dividend in line with its industry peers.
- Compared to an average S&P500 Dividend Yield of 1.82, ASM's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.42% |
5.2 History
- The dividend of ASM is nicely growing with an annual growth rate of 6.39%!
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.
- ASM's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP18.8%
EPS Next 2Y7.36%
EPS Next 3Y13.69%
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 2 / 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 7 / 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 43.68 and the Price/Book (PB) ratio is 9.12.
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%.