ASM INTERNATIONAL NV (ASM.AS) Stock Fundamental Analysis
Europe - AMS:ASM - NL0000334118 - Common Stock
547.6 EUR
+0.2 (+0.04%)
ASM gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 59 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 shows excellent growth, but is valued quite expensive already. This makes ASM very considerable for growth and quality investing!
1. Profitability
1.1 Basic Checks
ASM had positive earnings in the past year.
ASM had a positive operating cash flow in the past year.
Each year in the past 5 years ASM has been profitable.
Each year in the past 5 years ASM had a positive operating cash flow.
1.2 Ratios
The Return On Assets of ASM (10.47%) is comparable to the rest of the industry.
ASM has a Return On Equity of 14.77%. This is comparable to the rest of the industry: ASM outperforms 55.93% of its industry peers.
ASM's Return On Invested Capital of 20.99% is amongst the best of the industry. ASM outperforms 83.05% of its industry peers.
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 15.39%.
The last Return On Invested Capital (20.99%) for ASM is above the 3 year average (16.68%), which is a sign of increasing profitability.
| 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
Looking at the Profit Margin, with a value of 16.16%, ASM is in line with its industry, outperforming 57.63% of the companies in the same industry.
ASM's Profit Margin has declined in the last couple of years.
ASM's Operating Margin of 29.52% is fine compared to the rest of the industry. ASM outperforms 69.49% of its industry peers.
ASM's Operating Margin has improved in the last couple of years.
ASM has a Gross Margin of 51.27%. This is in the better half of the industry: ASM outperforms 64.41% 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
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so 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 13.63. This indicates that ASM is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 13.63, ASM belongs to the top of the industry, outperforming 86.44% of the companies in the same industry.
The Debt to FCF ratio of ASM is 0.05, which is an excellent value as it means it would take ASM, only 0.05 years of fcf income to pay off all of its debts.
ASM has a better Debt to FCF ratio (0.05) than 94.92% of its industry peers.
A Debt/Equity ratio of 0.01 indicates that ASM is not too dependend on debt financing.
With an excellent Debt to Equity ratio value of 0.01, ASM belongs to the best of the industry, outperforming 93.22% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.05 | ||
| Altman-Z | 13.63 |
ROIC/WACC2.04
WACC10.28%
2.3 Liquidity
A Current Ratio of 2.02 indicates that ASM has no problem at all paying its short term obligations.
The Current ratio of ASM (2.02) is comparable to the rest of the industry.
ASM has a Quick Ratio of 1.58. This is a normal value and indicates that ASM is financially healthy and should not expect problems in meeting its short term obligations.
ASM's Quick ratio of 1.58 is in line compared to the rest of the industry. ASM outperforms 42.37% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.02 | ||
| Quick Ratio | 1.58 |
3. Growth
3.1 Past
ASM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 25.36%, which is quite impressive.
Measured over the past years, ASM shows a very strong growth in Earnings Per Share. The EPS has been growing by 22.75% on average per year.
ASM shows a strong growth in Revenue. In the last year, the Revenue has grown by 25.46%.
The Revenue has been growing by 21.13% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)25.36%
EPS 3Y11.54%
EPS 5Y22.75%
EPS Q2Q%5.11%
Revenue 1Y (TTM)25.46%
Revenue growth 3Y19.24%
Revenue growth 5Y21.13%
Sales Q2Q%18.34%
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.
Based on estimates for the next years, ASM will show a quite strong growth in Revenue. The Revenue will grow by 12.59% on average per year.
EPS Next Y4.16%
EPS Next 2Y9.87%
EPS Next 3Y13.26%
EPS Next 5Y13.39%
Revenue Next Year9.88%
Revenue Next 2Y8.55%
Revenue Next 3Y10.91%
Revenue Next 5Y12.59%
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
Based on the Price/Earnings ratio of 37.05, the valuation of ASM can be described as expensive.
ASM's Price/Earnings ratio is in line with the industry average.
ASM's Price/Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 27.69.
A Price/Forward Earnings ratio of 31.61 indicates a quite expensive valuation of ASM.
ASM's Price/Forward Earnings is on the same level as the industry average.
ASM is valuated rather expensively when we compare the Price/Forward Earnings ratio to 23.18, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 37.05 | ||
| Fwd PE | 31.61 |
4.2 Price Multiples
ASM's Enterprise Value to EBITDA is on the same level as the industry average.
Based on the Price/Free Cash Flow ratio, ASM is valued a bit cheaper than 69.49% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 35.81 | ||
| EV/EBITDA | 22.71 |
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.
A more expensive valuation may be justified as ASM's earnings are expected to grow with 13.26% in the coming years.
PEG (NY)8.91
PEG (5Y)1.63
EPS Next 2Y9.87%
EPS Next 3Y13.26%
5. Dividend
5.1 Amount
ASM has a yearly dividend return of 0.55%, which is pretty low.
ASM's Dividend Yield is comparable with the industry average which is at 1.10.
With a Dividend Yield of 0.55, ASM pays less dividend than the S&P500 average, which is at 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.55% |
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
28.03% 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.
DP28.03%
EPS Next 2Y9.87%
EPS Next 3Y13.26%
AMS:ASM (10/21/2025, 5:36:15 PM)
547.6
+0.2 (+0.04%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners59.64%
Inst Owner ChangeN/A
Ins Owners0.09%
Ins Owner ChangeN/A
Market Cap27.01B
Analysts79.17
Price Target573.7 (4.77%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.55% |
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)0.74%
PT rev (3m)-7.67%
EPS NQ rev (1m)0.18%
EPS NQ rev (3m)-8.05%
EPS NY rev (1m)-1.88%
EPS NY rev (3m)-13.07%
Revenue NQ rev (1m)-0.1%
Revenue NQ rev (3m)-3.71%
Revenue NY rev (1m)-2.21%
Revenue NY rev (3m)-5.35%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 37.05 | ||
| Fwd PE | 31.61 | ||
| P/S | 8.28 | ||
| P/FCF | 35.81 | ||
| P/OCF | 23.59 | ||
| P/B | 7.57 | ||
| P/tB | 11.35 | ||
| EV/EBITDA | 22.71 |
EPS(TTM)14.78
EY2.7%
EPS(NY)17.32
Fwd EY3.16%
FCF(TTM)15.29
FCFY2.79%
OCF(TTM)23.21
OCFY4.24%
SpS66.13
BVpS72.35
TBVpS48.23
PEG (NY)8.91
PEG (5Y)1.63
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%
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 Turnover0.65
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 | 13.63 |
F-Score6
WACC10.28%
ROIC/WACC2.04
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)25.36%
EPS 3Y11.54%
EPS 5Y22.75%
EPS Q2Q%5.11%
EPS Next Y4.16%
EPS Next 2Y9.87%
EPS Next 3Y13.26%
EPS Next 5Y13.39%
Revenue 1Y (TTM)25.46%
Revenue growth 3Y19.24%
Revenue growth 5Y21.13%
Sales Q2Q%18.34%
Revenue Next Year9.88%
Revenue Next 2Y8.55%
Revenue Next 3Y10.91%
Revenue Next 5Y12.59%
EBIT growth 1Y48.89%
EBIT growth 3Y17.93%
EBIT growth 5Y29.04%
EBIT Next Year48.08%
EBIT Next 3Y22.95%
EBIT Next 5Y20.55%
FCF growth 1Y106.92%
FCF growth 3Y33.54%
FCF growth 5Y7.13%
OCF growth 1Y84.36%
OCF growth 3Y33.11%
OCF growth 5Y12.92%