ASM INTERNATIONAL NV (ASM.AS) Fundamental Analysis & Valuation

AMS:ASM • NL0000334118

Current stock price

672.8 EUR
-0.8 (-0.12%)
Last:

This ASM.AS fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

7

1. ASM.AS Profitability Analysis

1.1 Basic Checks

  • In the past year ASM was profitable.
  • In the past year ASM had a positive cash flow from operations.
  • In the past 5 years ASM has always been profitable.
  • Each year in the past 5 years ASM had a positive operating cash flow.
ASM.AS Yearly Net Income VS EBIT VS OCF VS FCFASM.AS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

1.2 Ratios

  • The Return On Assets of ASM (13.56%) is better than 74.14% of its industry peers.
  • ASM has a Return On Equity of 18.07%. This is comparable to the rest of the industry: ASM outperforms 56.90% of its industry peers.
  • ASM's Return On Invested Capital of 17.35% is fine compared to the rest of the industry. ASM outperforms 75.86% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for ASM is in line with the industry average of 14.98%.
  • The last Return On Invested Capital (17.35%) for ASM is above the 3 year average (15.99%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 13.56%
ROE 18.07%
ROIC 17.35%
ROA(3y)14.88%
ROA(5y)14.65%
ROE(3y)19.89%
ROE(5y)19.18%
ROIC(3y)15.99%
ROIC(5y)16.28%
ASM.AS Yearly ROA, ROE, ROICASM.AS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20

1.3 Margins

  • The Profit Margin of ASM (22.81%) is better than 70.69% of its industry peers.
  • ASM's Profit Margin has been stable in the last couple of years.
  • ASM's Operating Margin of 29.87% is fine compared to the rest of the industry. ASM outperforms 77.59% of its industry peers.
  • In the last couple of years the Operating Margin of ASM has grown nicely.
  • ASM has a Gross Margin (51.79%) which is comparable to the rest of the industry.
  • ASM's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 29.87%
PM (TTM) 22.81%
GM 51.79%
OM growth 3Y4.49%
OM growth 5Y3.34%
PM growth 3Y12.22%
PM growth 5Y1.2%
GM growth 3Y3%
GM growth 5Y1.98%
ASM.AS Yearly Profit, Operating, Gross MarginsASM.AS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

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8

2. ASM.AS Health Analysis

2.1 Basic Checks

  • ASM has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it 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.
  • Compared to 1 year ago, ASM has an improved debt to assets ratio.
ASM.AS Yearly Shares OutstandingASM.AS Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10M 20M 30M 40M 50M
ASM.AS Yearly Total Debt VS Total AssetsASM.AS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B 5B

2.2 Solvency

  • ASM has an Altman-Z score of 17.56. This indicates that ASM is financially healthy and has little risk of bankruptcy at the moment.
  • ASM has a Altman-Z score of 17.56. This is amongst the best in the industry. ASM outperforms 87.93% of its industry peers.
  • The Debt to FCF ratio of ASM is 0.13, which is an excellent value as it means it would take ASM, only 0.13 years of fcf income to pay off all of its debts.
  • ASM's Debt to FCF ratio of 0.13 is amongst the best of the industry. ASM outperforms 94.83% of its industry peers.
  • A Debt/Equity ratio of 0.02 indicates that ASM is not too dependend on debt financing.
  • ASM has a Debt to Equity ratio of 0.02. This is amongst the best in the industry. ASM outperforms 96.55% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.02
Debt/FCF 0.13
Altman-Z 17.56
ROIC/WACC1.56
WACC11.1%
ASM.AS Yearly LT Debt VS Equity VS FCFASM.AS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B

2.3 Liquidity

  • ASM has a Current Ratio of 2.25. This indicates that ASM is financially healthy and has no problem in meeting its short term obligations.
  • ASM's Current ratio of 2.25 is in line compared to the rest of the industry. ASM outperforms 46.55% of its industry peers.
  • ASM has a Quick Ratio of 1.72. This is a normal value and indicates that ASM is financially healthy and should not expect problems in meeting its short term obligations.
  • ASM has a Quick ratio (1.72) which is in line with its industry peers.
Industry RankSector Rank
Current Ratio 2.25
Quick Ratio 1.72
ASM.AS Yearly Current Assets VS Current LiabilitesASM.AS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B

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6

3. ASM.AS Growth Analysis

3.1 Past

  • The Earnings Per Share has been growing slightly by 4.60% over the past year.
  • Measured over the past years, ASM shows a quite strong growth in Earnings Per Share. The EPS has been growing by 19.97% on average per year.
  • Looking at the last year, ASM shows a quite strong growth in Revenue. The Revenue has grown by 8.20% in the last year.
  • The Revenue has been growing by 19.03% on average over the past years. This is quite good.
EPS 1Y (TTM)4.6%
EPS 3Y5.5%
EPS 5Y19.97%
EPS Q2Q%-26.44%
Revenue 1Y (TTM)8.2%
Revenue growth 3Y9.59%
Revenue growth 5Y19.03%
Sales Q2Q%-13.68%

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 19.41% on average per year.
  • Based on estimates for the next years, ASM will show a quite strong growth in Revenue. The Revenue will grow by 14.05% on average per year.
EPS Next Y17.54%
EPS Next 2Y21.77%
EPS Next 3Y18.63%
EPS Next 5Y19.41%
Revenue Next Year11.62%
Revenue Next 2Y15.5%
Revenue Next 3Y14.81%
Revenue Next 5Y14.05%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
  • The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
ASM.AS Yearly Revenue VS EstimatesASM.AS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 2B 4B 6B 8B
ASM.AS Yearly EPS VS EstimatesASM.AS Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 10 20 30 40

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2

4. ASM.AS Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 44.82, which means the current valuation is very expensive for ASM.
  • The rest of the industry has a similar Price/Earnings ratio as ASM.
  • ASM's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 25.51.
  • 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 63.79% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 22.76. ASM is valued rather expensively when compared to this.
Industry RankSector Rank
PE 44.82
Fwd PE 38.13
ASM.AS Price Earnings VS Forward Price EarningsASM.AS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as ASM.
  • The rest of the industry has a similar Price/Free Cash Flow ratio as ASM.
Industry RankSector Rank
P/FCF 56.02
EV/EBITDA 26.92
ASM.AS Per share dataASM.AS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80

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.
  • ASM's earnings are expected to grow with 18.63% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.56
PEG (5Y)2.24
EPS Next 2Y21.77%
EPS Next 3Y18.63%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. ASM.AS Dividend Analysis

5.1 Amount

  • With a yearly dividend of 0.48%, ASM is not a good candidate for dividend investing.
  • ASM's Dividend Yield is comparable with the industry average which is at 0.78.
  • With a Dividend Yield of 0.48, ASM pays less dividend than the S&P500 average, which is at 1.89.
Industry RankSector Rank
Dividend Yield 0.48%

5.2 History

  • The dividend of ASM is nicely growing with an annual growth rate of 8.25%!
Dividend Growth(5Y)8.25%
Div Incr Years2
Div Non Decr Years5
ASM.AS Yearly Dividends per shareASM.AS Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3

5.3 Sustainability

  • 20.35% of the earnings are spent on dividend by ASM. This is a low number and sustainable payout ratio.
  • The dividend of ASM is growing, but earnings are growing more, so the dividend growth is sustainable.
DP20.35%
EPS Next 2Y21.77%
EPS Next 3Y18.63%
ASM.AS Yearly Income VS Free CF VS DividendASM.AS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M
ASM.AS Dividend Payout.ASM.AS Dividend Payout, showing the Payout Ratio.ASM.AS Dividend Payout.PayoutRetained Earnings

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ASM.AS Fundamentals: All Metrics, Ratios and Statistics

ASM INTERNATIONAL NV

AMS:ASM (4/2/2026, 5:36:15 PM)

672.8

-0.8 (-0.12%)

Chartmill FA Rating
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)03-03
Earnings (Next)04-21
Inst Owners59.71%
Inst Owner ChangeN/A
Ins Owners0.07%
Ins Owner ChangeN/A
Market Cap33.19B
Revenue(TTM)3.17B
Net Income(TTM)723.80M
Analysts76.92
Price Target807.68 (20.05%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.48%
Yearly Dividend3.01
Dividend Growth(5Y)8.25%
DP20.35%
Div Incr Years2
Div Non Decr Years5
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)15.17%
Min EPS beat(2)14.11%
Max EPS beat(2)16.23%
EPS beat(4)2
Avg EPS beat(4)2.88%
Min EPS beat(4)-15.47%
Max EPS beat(4)16.23%
EPS beat(8)4
Avg EPS beat(8)5.35%
EPS beat(12)5
Avg EPS beat(12)1.68%
EPS beat(16)7
Avg EPS beat(16)2.02%
Revenue beat(2)1
Avg Revenue beat(2)-0.16%
Min Revenue beat(2)-0.93%
Max Revenue beat(2)0.62%
Revenue beat(4)1
Avg Revenue beat(4)-0.57%
Min Revenue beat(4)-1.28%
Max Revenue beat(4)0.62%
Revenue beat(8)4
Avg Revenue beat(8)0.06%
Revenue beat(12)7
Avg Revenue beat(12)0.19%
Revenue beat(16)8
Avg Revenue beat(16)0.2%
PT rev (1m)6.28%
PT rev (3m)28.13%
EPS NQ rev (1m)7.02%
EPS NQ rev (3m)17.69%
EPS NY rev (1m)6.66%
EPS NY rev (3m)8.22%
Revenue NQ rev (1m)5.31%
Revenue NQ rev (3m)14.16%
Revenue NY rev (1m)0.77%
Revenue NY rev (3m)4.3%
Valuation
Industry RankSector Rank
PE 44.82
Fwd PE 38.13
P/S 10.46
P/FCF 56.02
P/OCF 31.29
P/B 8.29
P/tB 12.43
EV/EBITDA 26.92
EPS(TTM)15.01
EY2.23%
EPS(NY)17.64
Fwd EY2.62%
FCF(TTM)12.01
FCFY1.79%
OCF(TTM)21.5
OCFY3.2%
SpS64.33
BVpS81.2
TBVpS54.11
PEG (NY)2.56
PEG (5Y)2.24
Graham Number165.6
Profitability
Industry RankSector Rank
ROA 13.56%
ROE 18.07%
ROCE 22.07%
ROIC 17.35%
ROICexc 22.8%
ROICexgc 38.57%
OM 29.87%
PM (TTM) 22.81%
GM 51.79%
FCFM 18.67%
ROA(3y)14.88%
ROA(5y)14.65%
ROE(3y)19.89%
ROE(5y)19.18%
ROIC(3y)15.99%
ROIC(5y)16.28%
ROICexc(3y)20.51%
ROICexc(5y)20.68%
ROICexgc(3y)33.29%
ROICexgc(5y)31.63%
ROCE(3y)20.33%
ROCE(5y)20.71%
ROICexgc growth 3Y6.93%
ROICexgc growth 5Y12.44%
ROICexc growth 3Y5.28%
ROICexc growth 5Y4.61%
OM growth 3Y4.49%
OM growth 5Y3.34%
PM growth 3Y12.22%
PM growth 5Y1.2%
GM growth 3Y3%
GM growth 5Y1.98%
F-Score8
Asset Turnover0.59
Health
Industry RankSector Rank
Debt/Equity 0.02
Debt/FCF 0.13
Debt/EBITDA 0.05
Cap/Depr 186.57%
Cap/Sales 14.76%
Interest Coverage 250
Cash Conversion 88.48%
Profit Quality 81.86%
Current Ratio 2.25
Quick Ratio 1.72
Altman-Z 17.56
F-Score8
WACC11.1%
ROIC/WACC1.56
Cap/Depr(3y)182.83%
Cap/Depr(5y)176.57%
Cap/Sales(3y)13.09%
Cap/Sales(5y)11.39%
Profit Quality(3y)71.73%
Profit Quality(5y)69.2%
High Growth Momentum
Growth
EPS 1Y (TTM)4.6%
EPS 3Y5.5%
EPS 5Y19.97%
EPS Q2Q%-26.44%
EPS Next Y17.54%
EPS Next 2Y21.77%
EPS Next 3Y18.63%
EPS Next 5Y19.41%
Revenue 1Y (TTM)8.2%
Revenue growth 3Y9.59%
Revenue growth 5Y19.03%
Sales Q2Q%-13.68%
Revenue Next Year11.62%
Revenue Next 2Y15.5%
Revenue Next 3Y14.81%
Revenue Next 5Y14.05%
EBIT growth 1Y19.07%
EBIT growth 3Y14.51%
EBIT growth 5Y23%
EBIT Next Year36.5%
EBIT Next 3Y25.25%
EBIT Next 5Y19.82%
FCF growth 1Y11.18%
FCF growth 3Y21.17%
FCF growth 5Y42.3%
OCF growth 1Y18.17%
OCF growth 3Y25.13%
OCF growth 5Y32.04%

ASM INTERNATIONAL NV / ASM.AS Fundamental Analysis 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.


What is the profitability of ASM stock?

ASM INTERNATIONAL NV (ASM.AS) has a profitability rating of 7 / 10.


Can you provide the financial health for ASM stock?

The financial health rating of ASM INTERNATIONAL NV (ASM.AS) is 8 / 10.


Can you provide the dividend sustainability for ASM stock?

The dividend rating of ASM INTERNATIONAL NV (ASM.AS) is 4 / 10 and the dividend payout ratio is 20.35%.