ASM INTERNATIONAL NV (ASM.AS) Stock Fundamental Analysis
AMS:ASM - Euronext Amsterdam - NL0000334118 - Common Stock - Currency: EUR
ASM gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 54 industry peers in the Semiconductors & Semiconductor Equipment industry. ASM gets an excellent profitability rating and is at the same time showing great financial health properties. ASM is valued quite expensive, but it does show an excellent growth. With these ratings, ASM could be worth investigating further for growth and quality investing!.
1. Profitability
1.1 Basic Checks
In the past year ASM was profitable.
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 (13.28%) than 66.67% of its industry peers.
ASM has a Return On Equity (18.30%) which is comparable to the rest of the industry.
Looking at the Return On Invested Capital, with a value of 16.81%, ASM is in the better half of the industry, outperforming 75.93% of the companies in the same industry.
ASM had an Average Return On Invested Capital over the past 3 years of 16.68%. This is in line with the industry average of 16.29%.
The last Return On Invested Capital (16.81%) for ASM is above the 3 year average (16.68%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.28% | ||
| ROE | 18.3% | ||
| ROIC | 16.81% |
ROA(3y)13.82%
ROA(5y)14.5%
ROE(3y)18.59%
ROE(5y)18.64%
ROIC(3y)16.68%
ROIC(5y)16.49%
1.3 Margins
ASM has a Profit Margin of 23.38%. This is in the better half of the industry: ASM outperforms 66.67% of its industry peers.
In the last couple of years the Profit Margin of ASM has declined.
ASM has a Operating Margin of 27.40%. This is in the better half of the industry: ASM outperforms 61.11% of its industry peers.
In the last couple of years the Operating Margin of ASM has grown nicely.
ASM has a better Gross Margin (50.51%) than 62.96% of its industry peers.
ASM's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 27.4% | ||
| PM (TTM) | 23.38% | ||
| GM | 50.51% |
OM growth 3Y-1.1%
OM growth 5Y6.53%
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) just above the Cost of Capital (WACC), ASM is creating some value.
Compared to 1 year ago, ASM has less shares outstanding
ASM has more shares outstanding than it did 5 years ago.
The debt/assets ratio for ASM has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 13.35 indicates that ASM is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 13.35, ASM belongs to the top of the industry, outperforming 92.59% of the companies in the same industry.
The Debt to FCF ratio of ASM is 0.07, which is an excellent value as it means it would take ASM, only 0.07 years of fcf income to pay off all of its debts.
ASM's Debt to FCF ratio of 0.07 is amongst the best of the industry. ASM outperforms 98.15% of its industry peers.
A Debt/Equity ratio of 0.01 indicates that ASM is not too dependend on debt financing.
The Debt to Equity ratio of ASM (0.01) is better than 96.30% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.07 | ||
| Altman-Z | 13.35 |
ROIC/WACC1.57
WACC10.73%
2.3 Liquidity
A Current Ratio of 2.01 indicates that ASM has no problem at all paying its short term obligations.
The Current ratio of ASM (2.01) is comparable to the rest of the industry.
A Quick Ratio of 1.54 indicates that ASM should not have too much problems paying its short term obligations.
With a Quick ratio value of 1.54, ASM perfoms like the industry average, outperforming 40.74% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.01 | ||
| Quick Ratio | 1.54 |
3. Growth
3.1 Past
ASM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 24.87%, 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.
ASM shows a strong growth in Revenue. In the last year, the Revenue has grown by 22.22%.
Measured over the past years, ASM shows a very strong growth in Revenue. The Revenue has been growing by 21.13% on average per year.
EPS 1Y (TTM)24.87%
EPS 3Y11.54%
EPS 5Y22.75%
EPS Q2Q%7.18%
Revenue 1Y (TTM)22.22%
Revenue growth 3Y19.24%
Revenue growth 5Y21.13%
Sales Q2Q%31.33%
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 17.58% yearly.
ASM is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 14.82% yearly.
EPS Next Y19.83%
EPS Next 2Y21.53%
EPS Next 3Y20.48%
EPS Next 5Y17.58%
Revenue Next Year16.1%
Revenue Next 2Y15.62%
Revenue Next 3Y15.87%
Revenue Next 5Y14.82%
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.
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 35.82, which means the current valuation is very expensive for ASM.
Based on the Price/Earnings ratio, ASM is valued a bit more expensive than 61.11% of the companies in the same industry.
ASM is valuated rather expensively when we compare the Price/Earnings ratio to 27.52, which is the current average of the S&P500 Index.
ASM is valuated rather expensively with a Price/Forward Earnings ratio of 24.70.
Compared to the rest of the industry, the Price/Forward Earnings ratio of ASM is on the same level as its industry peers.
The average S&P500 Price/Forward Earnings ratio is at 35.58. ASM is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 35.82 | ||
| Fwd PE | 24.7 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ASM is valued a bit more expensive than the industry average as 61.11% of the companies are valued more cheaply.
Based on the Price/Free Cash Flow ratio, ASM is valued a bit cheaper than 61.11% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 48.45 | ||
| EV/EBITDA | 25.02 |
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 decent profitability rating of ASM may justify a higher PE ratio.
ASM's earnings are expected to grow with 20.48% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.81
PEG (5Y)1.57
EPS Next 2Y21.53%
EPS Next 3Y20.48%
5. Dividend
5.1 Amount
ASM has a yearly dividend return of 0.57%, which is pretty low.
ASM's Dividend Yield is comparable with the industry average which is at 1.19.
Compared to an average S&P500 Dividend Yield of 2.35, ASM's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.57% |
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
ASM pays out 19.76% of its income as dividend. This is a sustainable payout ratio.
The dividend of ASM is growing, but earnings are growing more, so the dividend growth is sustainable.
DP19.76%
EPS Next 2Y21.53%
EPS Next 3Y20.48%
AMS:ASM (7/14/2025, 7:00:00 PM)
523.4
-1.4 (-0.27%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners55.65%
Inst Owner ChangeN/A
Ins Owners0.09%
Ins Owner ChangeN/A
Market Cap25.82B
Analysts79.2
Price Target611.95 (16.92%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.57% |
Yearly Dividend2.76
Dividend Growth(5Y)6.39%
DP19.76%
Div Incr Years2
Div Non Decr Years5
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)3.18%
Min EPS beat(2)-23.98%
Max EPS beat(2)30.35%
EPS beat(4)2
Avg EPS beat(4)7.82%
Min EPS beat(4)-23.98%
Max EPS beat(4)30.35%
EPS beat(8)3
Avg EPS beat(8)1.08%
EPS beat(12)5
Avg EPS beat(12)1.73%
EPS beat(16)8
Avg EPS beat(16)5.19%
Revenue beat(2)2
Avg Revenue beat(2)0.65%
Min Revenue beat(2)0.52%
Max Revenue beat(2)0.79%
Revenue beat(4)3
Avg Revenue beat(4)0.69%
Min Revenue beat(4)-0.58%
Max Revenue beat(4)2.03%
Revenue beat(8)6
Avg Revenue beat(8)0.56%
Revenue beat(12)7
Avg Revenue beat(12)0.46%
Revenue beat(16)9
Avg Revenue beat(16)0.52%
PT rev (1m)-0.33%
PT rev (3m)-11.83%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0.03%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.9%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.05%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-4.31%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 35.82 | ||
| Fwd PE | 24.7 | ||
| P/S | 8.8 | ||
| P/FCF | 48.45 | ||
| P/OCF | 28.76 | ||
| P/B | 6.89 | ||
| P/tB | 9.89 | ||
| EV/EBITDA | 25.02 |
EPS(TTM)14.61
EY2.79%
EPS(NY)21.19
Fwd EY4.05%
FCF(TTM)10.8
FCFY2.06%
OCF(TTM)18.2
OCFY3.48%
SpS59.45
BVpS75.96
TBVpS52.91
PEG (NY)1.81
PEG (5Y)1.57
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.28% | ||
| ROE | 18.3% | ||
| ROCE | 20.28% | ||
| ROIC | 16.81% | ||
| ROICexc | 21.95% | ||
| ROICexgc | 35.09% | ||
| OM | 27.4% | ||
| PM (TTM) | 23.38% | ||
| GM | 50.51% | ||
| FCFM | 18.17% |
ROA(3y)13.82%
ROA(5y)14.5%
ROE(3y)18.59%
ROE(5y)18.64%
ROIC(3y)16.68%
ROIC(5y)16.49%
ROICexc(3y)20.55%
ROICexc(5y)20.87%
ROICexgc(3y)32.73%
ROICexgc(5y)29.8%
ROCE(3y)20.12%
ROCE(5y)19.89%
ROICexcg growth 3Y7.62%
ROICexcg growth 5Y16.85%
ROICexc growth 3Y-2.24%
ROICexc growth 5Y9.84%
OM growth 3Y-1.1%
OM growth 5Y6.53%
PM growth 3Y-6.49%
PM growth 5Y-4.38%
GM growth 3Y1.81%
GM growth 5Y3.46%
F-Score6
Asset Turnover0.57
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.07 | ||
| Debt/EBITDA | 0.02 | ||
| Cap/Depr | 186.28% | ||
| Cap/Sales | 12.44% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 89.83% | ||
| Profit Quality | 77.72% | ||
| Current Ratio | 2.01 | ||
| Quick Ratio | 1.54 | ||
| Altman-Z | 13.35 |
F-Score6
WACC10.73%
ROIC/WACC1.57
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)24.87%
EPS 3Y11.54%
EPS 5Y22.75%
EPS Q2Q%7.18%
EPS Next Y19.83%
EPS Next 2Y21.53%
EPS Next 3Y20.48%
EPS Next 5Y17.58%
Revenue 1Y (TTM)22.22%
Revenue growth 3Y19.24%
Revenue growth 5Y21.13%
Sales Q2Q%31.33%
Revenue Next Year16.1%
Revenue Next 2Y15.62%
Revenue Next 3Y15.87%
Revenue Next 5Y14.82%
EBIT growth 1Y22.44%
EBIT growth 3Y17.93%
EBIT growth 5Y29.04%
EBIT Next Year47.32%
EBIT Next 3Y26.85%
EBIT Next 5Y21.75%
FCF growth 1Y27.44%
FCF growth 3Y33.54%
FCF growth 5Y7.13%
OCF growth 1Y21.98%
OCF growth 3Y33.11%
OCF growth 5Y12.92%