ASM INTERNATIONAL NV (ASM.AS) Stock Fundamental Analysis
Europe - Euronext Amsterdam - AMS:ASM - NL0000334118 - Common Stock
711.4 EUR
+19 (+2.74%)
Taking everything into account, ASM scores 6 out of 10 in our fundamental rating. ASM was compared to 68 industry peers in the Semiconductors & Semiconductor Equipment industry. While ASM belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. ASM is valued quite expensive, but it does show an excellent growth. These ratings would make ASM suitable 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
- ASM has a better Return On Assets (14.94%) than 80.88% of its industry peers.
- ASM's Return On Equity of 20.42% is fine compared to the rest of the industry. ASM outperforms 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.
- ASM had an Average Return On Invested Capital over the past 3 years of 16.63%. This is above the industry average of 14.62%.
- 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
- Looking at the Profit Margin, with a value of 23.87%, ASM is in the better half of the industry, outperforming 69.12% of the companies in the same industry.
- ASM's Profit Margin has declined in the last couple of years.
- ASM has a Operating Margin of 30.26%. This is in the better half of the industry: ASM outperforms 79.41% of its industry peers.
- In the last couple of years the Operating Margin of ASM has grown nicely.
- ASM has a better Gross Margin (51.86%) than 63.24% of 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
- ASM has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
- Compared to 1 year ago, ASM has less shares outstanding
- Compared to 5 years ago, ASM has more shares outstanding
- 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.
- The Debt to FCF ratio of ASM (0.08) is better than 97.06% of its industry peers.
- A Debt/Equity ratio of 0.01 indicates that ASM is not too dependend on debt financing.
- ASM's Debt to Equity ratio of 0.01 is amongst the best of 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.
- Looking at the Current ratio, with a value of 2.16, ASM is doing worse than 60.29% of the companies in the same industry.
- ASM has a Quick Ratio of 1.68. This is a normal value and indicates that ASM is financially healthy and should not expect problems in meeting 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
- 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.
- 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.
- 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 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
- The Price/Earnings ratio is 43.78, which means the current valuation is very expensive for ASM.
- The rest of the industry has a similar Price/Earnings ratio as ASM.
- Compared to an average S&P500 Price/Earnings ratio of 27.38, ASM is valued quite expensively.
- With a Price/Forward Earnings ratio of 43.64, ASM can be considered very expensive at the moment.
- ASM's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. ASM is more expensive than 73.53% of the companies in the same industry.
- ASM's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 24.29.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 43.78 | ||
| Fwd PE | 43.64 |
4.2 Price Multiples
- ASM's Enterprise Value to EBITDA ratio is in line with the industry average.
- Based on the Price/Free Cash Flow ratio, ASM is valued a bit cheaper than 70.59% of the companies in the same industry.
| 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.
- ASM has an outstanding 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 13.20% in the coming years.
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 1.84.
| 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
- ASM pays out 18.80% of its income as dividend. This is a 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 (1/20/2026, 5:36:15 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 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 43.78 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%.