ASM INTERNATIONAL NV (ASM.AS) Stock Fundamental Analysis
Europe - Euronext Amsterdam - AMS:ASM - NL0000334118 - Common Stock
621.6 EUR
+34.4 (+5.86%)
ASM gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 65 industry peers in the Semiconductors & Semiconductor Equipment industry. Both the health and profitability get an excellent rating, making ASM a very profitable company, without any liquidiy or solvency issues. ASM is valued quite expensively, but it does show have an excellent growth rating. This makes ASM very considerable 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.
In the past 5 years ASM has always been profitable.
Each year in the past 5 years ASM had a positive operating cash flow.
1.2 Ratios
With a decent Return On Assets value of 10.47%, ASM is doing good in the industry, outperforming 61.54% of the companies in the same industry.
With a Return On Equity value of 14.77%, ASM perfoms like the industry average, outperforming 53.85% of the companies in the same industry.
ASM has a better Return On Invested Capital (20.99%) than 81.54% of its industry peers.
The Average Return On Invested Capital over the past 3 years for ASM is in line with the industry average of 15.03%.
The 3 year average ROIC (16.68%) for ASM is below the current ROIC(20.99%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.47% | ||
| ROE | 14.77% | ||
| ROIC | 20.99% |
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
With a decent Profit Margin value of 16.16%, ASM is doing good in the industry, outperforming 63.08% of the companies in the same industry.
ASM's Profit Margin has declined in the last couple of years.
ASM has a better Operating Margin (29.52%) than 70.77% of its industry peers.
ASM's Operating Margin has improved in the last couple of years.
ASM's Gross Margin of 51.27% is fine compared to the rest of the industry. ASM outperforms 61.54% of its industry peers.
ASM's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 29.52% | ||
| PM (TTM) | 16.16% | ||
| GM | 51.27% |
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) well above the Cost of Capital (WACC), ASM is creating value.
The number of shares outstanding for ASM has been reduced compared to 1 year ago.
The number of shares outstanding for ASM has been increased compared to 5 years ago.
The debt/assets ratio for ASM has been reduced compared to a year ago.
2.2 Solvency
ASM has an Altman-Z score of 14.43. This indicates that ASM is financially healthy and has little risk of bankruptcy at the moment.
ASM's Altman-Z score of 14.43 is amongst the best of the industry. ASM outperforms 89.23% of its industry peers.
ASM has a debt to FCF ratio of 0.05. This is a very positive value and a sign of high solvency as it would only need 0.05 years to pay back of all of its debts.
The Debt to FCF ratio of ASM (0.05) is better than 96.92% of its industry peers.
A Debt/Equity ratio of 0.01 indicates that ASM is not too dependend on debt financing.
ASM has a Debt to Equity ratio of 0.01. This is amongst the best in the industry. ASM outperforms 93.85% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.05 | ||
| Altman-Z | 14.43 |
ROIC/WACC1.99
WACC10.57%
2.3 Liquidity
ASM has a Current Ratio of 2.02. This indicates that ASM is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of ASM (2.02) is worse than 63.08% of its industry peers.
A Quick Ratio of 1.58 indicates that ASM should not have too much problems paying its short term obligations.
ASM has a Quick ratio of 1.58. This is in the lower half of the industry: ASM underperforms 63.08% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.02 | ||
| Quick Ratio | 1.58 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 39.01% over the past year.
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.
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)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 13.72% on average per year.
The Revenue is expected to grow by 12.58% on average over the next years. This is quite good.
EPS Next Y2.9%
EPS Next 2Y6.59%
EPS Next 3Y13.2%
EPS Next 5Y13.72%
Revenue Next Year6.42%
Revenue Next 2Y7.43%
Revenue Next 3Y10.88%
Revenue Next 5Y12.58%
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.
Compared to the rest of the industry, the Price/Earnings ratio of ASM is on the same level as its industry peers.
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.
Based on the Price/Forward Earnings ratio of 38.13, the valuation of ASM can be described as expensive.
ASM's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. ASM is more expensive than 67.69% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.88, ASM is valued quite expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 38.25 | ||
| Fwd PE | 38.13 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as ASM.
81.54% of the companies in the same industry are more expensive than ASM, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 40.64 | ||
| EV/EBITDA | 24.36 |
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.
ASM has a very decent profitability rating, which may justify a higher PE ratio.
ASM's earnings are expected to grow with 13.20% in the coming years. This may justify a more expensive valuation.
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 0.81, ASM has a dividend in line with its industry peers.
With a Dividend Yield of 0.51, ASM pays less dividend than the S&P500 average, which is at 1.94.
| 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
ASM pays out 28.03% 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.
DP28.03%
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)527.26M
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%
DP28.03%
Div Incr Years2
Div Non Decr Years5
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-9.41%
Min EPS beat(2)-15.47%
Max EPS beat(2)-3.34%
EPS beat(4)1
Avg EPS beat(4)-3.11%
Min EPS beat(4)-23.98%
Max EPS beat(4)30.35%
EPS beat(8)3
Avg EPS beat(8)-0.61%
EPS beat(12)4
Avg EPS beat(12)-0.99%
EPS beat(16)7
Avg EPS beat(16)1.84%
Revenue beat(2)0
Avg Revenue beat(2)-0.97%
Min Revenue beat(2)-1.28%
Max Revenue beat(2)-0.67%
Revenue beat(4)2
Avg Revenue beat(4)-0.16%
Min Revenue beat(4)-1.28%
Max Revenue beat(4)0.79%
Revenue beat(8)5
Avg Revenue beat(8)0.4%
Revenue beat(12)7
Avg Revenue beat(12)0.48%
Revenue beat(16)8
Avg Revenue beat(16)0.37%
PT rev (1m)0.27%
PT rev (3m)9.88%
EPS NQ rev (1m)-3.89%
EPS NQ rev (3m)-4.21%
EPS NY rev (1m)0.77%
EPS NY rev (3m)-1.21%
Revenue NQ rev (1m)-2.99%
Revenue NQ rev (3m)-2.99%
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 | 9.4 | ||
| P/FCF | 40.64 | ||
| P/OCF | 26.78 | ||
| P/B | 8.59 | ||
| P/tB | 12.89 | ||
| EV/EBITDA | 24.36 |
EPS(TTM)16.25
EY2.61%
EPS(NY)16.3
Fwd EY2.62%
FCF(TTM)15.29
FCFY2.46%
OCF(TTM)23.21
OCFY3.73%
SpS66.13
BVpS72.35
TBVpS48.23
PEG (NY)13.2
PEG (5Y)1.68
Graham Number162.64
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.47% | ||
| ROE | 14.77% | ||
| ROCE | 25.32% | ||
| ROIC | 20.99% | ||
| ROICexc | 20.99% | ||
| ROICexgc | 30.55% | ||
| OM | 29.52% | ||
| PM (TTM) | 16.16% | ||
| GM | 51.27% | ||
| FCFM | 23.12% |
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%
ROICexgc growth 3Y7.62%
ROICexgc 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 Turnover0.65
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.05 | ||
| Debt/EBITDA | 0.03 | ||
| Cap/Depr | 171.78% | ||
| Cap/Sales | 11.97% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 96.19% | ||
| Profit Quality | 143.08% | ||
| Current Ratio | 2.02 | ||
| Quick Ratio | 1.58 | ||
| Altman-Z | 14.43 |
F-Score6
WACC10.57%
ROIC/WACC1.99
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 5Y13.72%
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 5Y12.58%
EBIT growth 1Y48.89%
EBIT growth 3Y17.93%
EBIT growth 5Y29.04%
EBIT Next Year43.93%
EBIT Next 3Y22.06%
EBIT Next 5Y21.04%
FCF growth 1Y106.92%
FCF growth 3Y33.54%
FCF growth 5Y7.13%
OCF growth 1Y84.36%
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 8.59.
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 28.03%.