ASM INTERNATIONAL NV (ASM.AS) Stock Fundamental Analysis
Europe - Euronext Amsterdam - AMS:ASM - NL0000334118 - Common Stock
621.6 EUR
+34.4 (+5.86%)
Overall ASM gets a fundamental rating of 6 out of 10. We evaluated ASM against 71 industry peers in the Semiconductors & Semiconductor Equipment industry. ASM scores excellent on profitability, but there are some minor concerns on its financial health. ASM shows excellent growth, but is valued quite expensive already. These ratings would make ASM suitable 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.
ASM had positive earnings in each of the past 5 years.
Each year in the past 5 years ASM had a positive operating cash flow.
1.2 Ratios
ASM has a better Return On Assets (14.94%) than 81.54% of its industry peers.
With a decent Return On Equity value of 20.42%, ASM is doing good in the industry, outperforming 69.23% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 20.12%, ASM is in the better half of the industry, outperforming 80.00% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for ASM is above the industry average of 13.85%.
The last Return On Invested Capital (20.12%) for ASM is above the 3 year average (16.63%), which is a sign of increasing profitability.
| 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 67.69% of its industry peers.
ASM's Profit Margin has declined in the last couple of years.
The Operating Margin of ASM (30.26%) is better than 75.38% of its industry peers.
ASM's Operating Margin has improved in the last couple of years.
ASM has a Gross Margin (51.86%) which is in line with its industry peers.
ASM's Gross Margin has improved in the last couple of years.
| 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.
Compared to 1 year ago, ASM has less shares outstanding
Compared to 5 years ago, ASM has more shares outstanding
The debt/assets ratio for ASM has been reduced compared to a year ago.
2.2 Solvency
The Debt to FCF ratio of ASM is 0.08, which is an excellent value as it means it would take ASM, only 0.08 years of fcf income to pay off all of its debts.
ASM has a better Debt to FCF ratio (0.08) than 96.92% of its industry peers.
A Debt/Equity ratio of 0.01 indicates that ASM is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.01, ASM belongs to the top of the industry, outperforming 93.85% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.08 | ||
| Altman-Z | N/A |
ROIC/WACC1.9
WACC10.57%
2.3 Liquidity
A Current Ratio of 2.16 indicates that ASM has no problem at all paying its short term obligations.
The Current ratio of ASM (2.16) is worse than 61.54% of its industry peers.
A Quick Ratio of 1.68 indicates that ASM should not have too much problems paying its short term obligations.
ASM has a Quick ratio (1.68) which 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
ASM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 39.01%, which is quite impressive.
ASM shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 22.75% yearly.
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.
Based on estimates for the next years, ASM will show a quite strong growth in Revenue. The Revenue will grow by 12.26% on average per year.
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
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in 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
With a Price/Earnings ratio of 38.25, ASM can be considered very expensive at the moment.
ASM's Price/Earnings ratio is in line with the industry average.
ASM is valuated rather expensively when we compare the Price/Earnings ratio to 27.19, which is the current average of the S&P500 Index.
ASM is valuated quite expensively with a Price/Forward Earnings ratio of 38.13.
ASM's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. ASM is more expensive than 69.23% of the companies in the same industry.
ASM is valuated expensively when we compare the Price/Forward Earnings ratio to 23.92, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 38.25 | ||
| Fwd PE | 38.13 |
4.2 Price Multiples
ASM's Enterprise Value to EBITDA is on the same level as the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of ASM indicates a rather cheap valuation: ASM is cheaper than 81.54% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 41.14 | ||
| EV/EBITDA | 24.89 |
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.
The decent profitability rating of ASM may justify a higher PE ratio.
A more expensive valuation may be justified as ASM's earnings are expected to grow with 13.20% in the coming years.
PEG (NY)13.2
PEG (5Y)1.68
EPS Next 2Y6.59%
EPS Next 3Y13.2%
5. Dividend
5.1 Amount
With a yearly dividend of 0.51%, ASM is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 0.79, ASM has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 1.92, ASM's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.51% |
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.
ASM's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP18.8%
EPS Next 2Y6.59%
EPS Next 3Y13.2%
AMS:ASM (1/9/2026, 7:00:00 PM)
621.6
+34.4 (+5.86%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners60.72%
Inst Owner ChangeN/A
Ins Owners0.09%
Ins Owner ChangeN/A
Market Cap30.66B
Revenue(TTM)3.28B
Net Income(TTM)783.70M
Analysts78.4
Price Target630.36 (1.41%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.51% |
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)0.2%
PT rev (3m)9.88%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-24.2%
EPS NY rev (1m)0.77%
EPS NY rev (3m)-1.21%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-14.78%
Revenue NY rev (1m)-0.73%
Revenue NY rev (3m)-3.15%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 38.25 | ||
| Fwd PE | 38.13 | ||
| P/S | 9.34 | ||
| P/FCF | 41.14 | ||
| P/OCF | 26.39 | ||
| P/B | 7.99 | ||
| P/tB | 11.7 | ||
| EV/EBITDA | 24.89 |
EPS(TTM)16.25
EY2.61%
EPS(NY)16.3
Fwd EY2.62%
FCF(TTM)15.11
FCFY2.43%
OCF(TTM)23.56
OCFY3.79%
SpS66.57
BVpS77.8
TBVpS53.13
PEG (NY)13.2
PEG (5Y)1.68
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
WACC10.57%
ROIC/WACC1.9
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 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 38.25 and the Price/Book (PB) ratio is 7.99.
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%.