ASM INTERNATIONAL NV (ASM.AS) Fundamental Analysis & Valuation
AMS:ASM • NL0000334118
Current stock price
782 EUR
-1 (-0.13%)
Last:
This ASM.AS fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
1. ASM.AS Profitability Analysis
1.1 Basic Checks
- In the past year ASM was profitable.
- ASM had a positive operating cash flow in the past year.
- In the past 5 years ASM has always been profitable.
- In the past 5 years ASM always reported a positive cash flow from operatings.
1.2 Ratios
- ASM has a Return On Assets of 13.56%. This is in the better half of the industry: ASM outperforms 73.85% of its industry peers.
- With a Return On Equity value of 18.07%, ASM perfoms like the industry average, outperforming 58.46% of the companies in the same industry.
- The Return On Invested Capital of ASM (17.35%) is better than 73.85% 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 16.18%.
- 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 Rank | Sector 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%
1.3 Margins
- Looking at the Profit Margin, with a value of 22.81%, ASM is in the better half of the industry, outperforming 67.69% of the companies in the same industry.
- ASM's Profit Margin has been stable in the last couple of years.
- ASM has a better Operating Margin (29.87%) than 75.38% 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.
- In the last couple of years the Gross Margin of ASM has grown nicely.
| Industry Rank | Sector 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%
2. ASM.AS Health Analysis
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so ASM is still creating some value.
- ASM has less shares outstanding than it did 1 year ago.
- ASM has more shares outstanding than it did 5 years ago.
- Compared to 1 year ago, ASM has an improved debt to assets ratio.
2.2 Solvency
- An Altman-Z score of 20.00 indicates that ASM is not in any danger for bankruptcy at the moment.
- ASM has a better Altman-Z score (20.00) than 81.54% of its industry peers.
- ASM has a debt to FCF ratio of 0.13. This is a very positive value and a sign of high solvency as it would only need 0.13 years to pay back of all of its debts.
- With an excellent Debt to FCF ratio value of 0.13, ASM belongs to the best of the industry, outperforming 92.31% of the companies in the same industry.
- A Debt/Equity ratio of 0.02 indicates that ASM is not too dependend on debt financing.
- Looking at the Debt to Equity ratio, with a value of 0.02, ASM belongs to the top of the industry, outperforming 92.31% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.02 | ||
| Debt/FCF | 0.13 | ||
| Altman-Z | 20 |
ROIC/WACC1.53
WACC11.34%
2.3 Liquidity
- A Current Ratio of 2.25 indicates that ASM has no problem at all paying its short term obligations.
- ASM has a Current ratio of 2.25. This is in the lower half of the industry: ASM underperforms 60.00% of its industry peers.
- A Quick Ratio of 1.72 indicates that ASM should not have too much problems paying its short term obligations.
- ASM has a Quick ratio (1.72) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.25 | ||
| Quick Ratio | 1.72 |
3. ASM.AS Growth Analysis
3.1 Past
- The Earnings Per Share has been growing slightly by 4.60% over the past year.
- ASM shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 19.97% yearly.
- The Revenue has grown by 8.20% in the past year. This is quite good.
- Measured over the past years, ASM shows a quite strong growth in Revenue. The Revenue has been growing by 19.03% on average per year.
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.
- ASM is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 14.05% yearly.
EPS Next Y26.83%
EPS Next 2Y25.49%
EPS Next 3Y22.11%
EPS Next 5Y19.41%
Revenue Next Year16.94%
Revenue Next 2Y18.26%
Revenue Next 3Y16.31%
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.
4. ASM.AS Valuation Analysis
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 52.10 indicates a quite expensive valuation of ASM.
- ASM's Price/Earnings is on the same level as the industry average.
- The average S&P500 Price/Earnings ratio is at 27.95. ASM is valued rather expensively when compared to this.
- With a Price/Forward Earnings ratio of 41.08, ASM can be considered very expensive at the moment.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of ASM indicates a slightly more expensive valuation: ASM is more expensive than 64.62% of the companies listed in the same industry.
- ASM is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 38.68, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 52.1 | ||
| Fwd PE | 41.08 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ASM is on the same level as its industry peers.
- ASM's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 65.11 | ||
| EV/EBITDA | 31.43 |
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.
- A more expensive valuation may be justified as ASM's earnings are expected to grow with 22.11% in the coming years.
PEG (NY)1.94
PEG (5Y)2.61
EPS Next 2Y25.49%
EPS Next 3Y22.11%
5. ASM.AS Dividend Analysis
5.1 Amount
- ASM has a yearly dividend return of 0.42%, which is pretty low.
- Compared to an average industry Dividend Yield of 0.62, ASM has a dividend in line with its industry peers.
- With a Dividend Yield of 0.42, ASM pays less dividend than the S&P500 average, which is at 1.81.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.42% |
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 Years3
Div Non Decr Years6
5.3 Sustainability
- 20.35% 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.
DP20.35%
EPS Next 2Y25.49%
EPS Next 3Y22.11%
ASM.AS Fundamentals: All Metrics, Ratios and Statistics
AMS:ASM (4/21/2026, 5:36:15 PM)
782
-1 (-0.13%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)04-21 2026-04-21/bmo
Earnings (Next)N/A N/A
Inst Owners60.31%
Inst Owner ChangeN/A
Ins Owners0.07%
Ins Owner ChangeN/A
Market Cap38.58B
Revenue(TTM)3.17B
Net Income(TTM)723.80M
Analysts77.69
Price Target815.73 (4.31%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.42% |
Yearly Dividend3.01
Dividend Growth(5Y)8.25%
DP20.35%
Div Incr Years3
Div Non Decr Years6
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)7.34%
PT rev (3m)25.89%
EPS NQ rev (1m)4.3%
EPS NQ rev (3m)21.75%
EPS NY rev (1m)7.9%
EPS NY rev (3m)16.77%
Revenue NQ rev (1m)2.2%
Revenue NQ rev (3m)15.58%
Revenue NY rev (1m)4.77%
Revenue NY rev (3m)9.27%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 52.1 | ||
| Fwd PE | 41.08 | ||
| P/S | 12.16 | ||
| P/FCF | 65.11 | ||
| P/OCF | 36.36 | ||
| P/B | 9.63 | ||
| P/tB | 14.45 | ||
| EV/EBITDA | 31.43 |
EPS(TTM)15.01
EY1.92%
EPS(NY)19.04
Fwd EY2.43%
FCF(TTM)12.01
FCFY1.54%
OCF(TTM)21.5
OCFY2.75%
SpS64.33
BVpS81.2
TBVpS54.11
PEG (NY)1.94
PEG (5Y)2.61
Graham Number165.604 (-78.82%)
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 20 |
F-Score8
WACC11.34%
ROIC/WACC1.53
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 Y26.83%
EPS Next 2Y25.49%
EPS Next 3Y22.11%
EPS Next 5Y19.41%
Revenue 1Y (TTM)8.2%
Revenue growth 3Y9.59%
Revenue growth 5Y19.03%
Sales Q2Q%-13.68%
Revenue Next Year16.94%
Revenue Next 2Y18.26%
Revenue Next 3Y16.31%
Revenue Next 5Y14.05%
EBIT growth 1Y19.07%
EBIT growth 3Y14.51%
EBIT growth 5Y23%
EBIT Next Year48.55%
EBIT Next 3Y27.32%
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 7 / 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%.