ASM INTERNATIONAL NV (ASM.AS) Stock Fundamental Analysis
Europe - Euronext Amsterdam - AMS:ASM - NL0000334118 - Common Stock
715.6 EUR
+4.2 (+0.59%)
Overall ASM gets a fundamental rating of 6 out of 10. We evaluated ASM against 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. 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
- The Return On Assets of ASM (14.94%) is better than 79.41% of its industry peers.
- The Return On Equity of ASM (20.42%) is better than 69.12% of its industry peers.
- ASM's Return On Invested Capital of 20.12% is fine compared to the rest of the industry. ASM outperforms 79.41% of its industry peers.
- 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
- ASM has a Profit Margin of 23.87%. This is in the better half of the industry: ASM outperforms 67.65% of its industry peers.
- In the last couple of years the Profit Margin of ASM has declined.
- With a decent Operating Margin value of 30.26%, ASM is doing good in the industry, outperforming 77.94% 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 better than 61.76% 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
- 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
- ASM has a better debt/assets ratio than last year.
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.
- Looking at the Debt to FCF ratio, with a value of 0.08, ASM belongs to the top of the industry, outperforming 95.59% 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 better Debt to Equity ratio (0.01) than 92.65% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.08 | ||
| Altman-Z | N/A |
ROIC/WACC1.96
WACC10.26%
2.3 Liquidity
- ASM has a Current Ratio of 2.16. This indicates that ASM is financially healthy and has no problem in meeting its short term obligations.
- ASM's Current ratio of 2.16 is on the low side compared to the rest of the industry. ASM is outperformed by 61.76% of its industry peers.
- 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.
- Looking at the Quick ratio, with a value of 1.68, ASM is in line with its industry, outperforming 52.94% of the companies in the same 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
- Looking at the last year, ASM shows a quite strong growth in Revenue. The Revenue has grown by 19.12% in the last year.
- 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
- ASM is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 13.39% yearly.
- 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 44.04, which means the current valuation is very expensive for ASM.
- The rest of the industry has a similar Price/Earnings ratio as ASM.
- When comparing the Price/Earnings ratio of ASM to the average of the S&P500 Index (26.94), we can say ASM is valued expensively.
- With a Price/Forward Earnings ratio of 43.89, ASM can be considered very expensive at the moment.
- Based on the Price/Forward Earnings ratio, ASM is valued a bit more expensive than 76.47% 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 23.94.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 44.04 | ||
| Fwd PE | 43.89 |
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 69.12% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 47.36 | ||
| EV/EBITDA | 28.48 |
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 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 13.20% in the coming years.
PEG (NY)15.2
PEG (5Y)1.94
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
- 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 2Y6.59%
EPS Next 3Y13.2%
AMS:ASM (1/21/2026, 5:36:15 PM)
715.6
+4.2 (+0.59%)
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 Cap35.30B
Revenue(TTM)3.28B
Net Income(TTM)783.70M
Analysts78.4
Price Target647.96 (-9.45%)
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 | 44.04 | ||
| Fwd PE | 43.89 | ||
| P/S | 10.75 | ||
| P/FCF | 47.36 | ||
| P/OCF | 30.38 | ||
| P/B | 9.2 | ||
| P/tB | 13.47 | ||
| EV/EBITDA | 28.48 |
EPS(TTM)16.25
EY2.27%
EPS(NY)16.3
Fwd EY2.28%
FCF(TTM)15.11
FCFY2.11%
OCF(TTM)23.56
OCFY3.29%
SpS66.57
BVpS77.8
TBVpS53.13
PEG (NY)15.2
PEG (5Y)1.94
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
WACC10.26%
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 44.04 and the Price/Book (PB) ratio is 9.2.
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%.