ASM INTERNATIONAL NV (ASM.AS) Stock Fundamental Analysis
AMS:ASM - Euronext Amsterdam - NL0000334118 - Common Stock - Currency: EUR
ASM gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 53 industry peers in the Semiconductors & Semiconductor Equipment industry. ASM is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. ASM shows excellent growth, but is valued quite expensive already. These ratings would make ASM suitable for growth investing!
1. Profitability
1.1 Basic Checks
In the past year ASM was profitable.
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
With a decent Return On Assets value of 15.01%, ASM is doing good in the industry, outperforming 73.58% of the companies in the same industry.
With a decent Return On Equity value of 20.11%, ASM is doing good in the industry, outperforming 66.04% of the companies in the same industry.
ASM has a better Return On Invested Capital (17.79%) than 79.25% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 15.01% | ||
| ROE | 20.11% | ||
| ROIC | 17.79% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
Looking at the Profit Margin, with a value of 23.38%, ASM is in the better half of the industry, outperforming 73.58% of the companies in the same industry.
ASM's Profit Margin has declined in the last couple of years.
ASM's Operating Margin of 27.13% is fine compared to the rest of the industry. ASM outperforms 69.81% of its industry peers.
In the last couple of years the Operating Margin of ASM has grown nicely.
With a decent Gross Margin value of 50.51%, ASM is doing good in the industry, outperforming 66.04% of the companies in the same industry.
ASM's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 27.13% | ||
| PM (TTM) | 23.38% | ||
| GM | 50.51% |
OM growth 3Y-1.4%
OM growth 5Y6.33%
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 just above the Cost of Capital (WACC), so ASM is still creating some value.
ASM has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
An Altman-Z score of 13.22 indicates that ASM is not in any danger for bankruptcy at the moment.
ASM has a Altman-Z score of 13.22. This is amongst the best in the industry. ASM outperforms 90.57% of its industry peers.
ASM has a debt to FCF ratio of 0.04. This is a very positive value and a sign of high solvency as it would only need 0.04 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 0.04, ASM belongs to the top of the industry, outperforming 98.11% of the companies in the same industry.
ASM has a Debt/Equity ratio of 0.01. This is a healthy value indicating a solid balance between debt and equity.
ASM has a Debt to Equity ratio of 0.01. This is amongst the best in the industry. ASM outperforms 96.23% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.04 | ||
| Altman-Z | 13.22 |
ROIC/WACC1.69
WACC10.54%
2.3 Liquidity
A Current Ratio of 2.30 indicates that ASM has no problem at all paying its short term obligations.
ASM has a Current ratio (2.30) which is in line with its industry peers.
A Quick Ratio of 1.62 indicates that ASM should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.62, ASM is in line with its industry, outperforming 41.51% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.3 | ||
| Quick Ratio | 1.62 |
3. Growth
3.1 Past
ASM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 21.93%, 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 quite a strong growth in Revenue. In the last year, the Revenue has grown by 11.33%.
The Revenue has been growing by 21.13% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)21.93%
EPS 3Y11.54%
EPS 5Y22.75%
EPS Q2Q%131.03%
Revenue 1Y (TTM)11.33%
Revenue growth 3Y19.24%
Revenue growth 5Y21.13%
Sales Q2Q%27.83%
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 17.58% on average per year.
ASM is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 14.74% yearly.
EPS Next Y19.83%
EPS Next 2Y21.53%
EPS Next 3Y20.48%
EPS Next 5Y17.58%
Revenue Next Year21.32%
Revenue Next 2Y20.07%
Revenue Next 3Y18.06%
Revenue Next 5Y14.74%
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
Based on the Price/Earnings ratio of 29.81, the valuation of ASM can be described as expensive.
Based on the Price/Earnings ratio, ASM is valued a bit more expensive than 64.15% of the companies in the same industry.
ASM is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 28.79, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 24.88, the valuation of ASM can be described as rather expensive.
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 69.81% 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 21.38, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29.81 | ||
| Fwd PE | 24.88 |
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.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of ASM is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 39.6 | ||
| EV/EBITDA | 20.14 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct 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)1.5
PEG (5Y)1.31
EPS Next 2Y21.53%
EPS Next 3Y20.48%
5. Dividend
5.1 Amount
With a yearly dividend of 0.77%, ASM is not a good candidate for dividend investing.
In the last 3 months the price of ASM has falen by -29.75%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
Compared to an average industry Dividend Yield of 1.76, ASM has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.51, ASM's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.77% |
5.2 History
The dividend of ASM is nicely growing with an annual growth rate of 24.79%!
Dividend Growth(5Y)24.79%
Div Incr Years1
Div Non Decr Years4
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 the earnings are growing slower. This means the dividend growth is not sustainable.
DP19.76%
EPS Next 2Y21.53%
EPS Next 3Y20.48%
AMS:ASM (4/25/2025, 7:00:00 PM)
427.8
+10.6 (+2.54%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners57.78%
Inst Owner ChangeN/A
Ins Owners0.09%
Ins Owner ChangeN/A
Market Cap21.10B
Analysts76.15
Price Target694.06 (62.24%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.77% |
Yearly Dividend2.5
Dividend Growth(5Y)24.79%
DP19.76%
Div Incr Years1
Div Non Decr Years4
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)-0.96%
PT rev (3m)-0.39%
EPS NQ rev (1m)-0.19%
EPS NQ rev (3m)0.74%
EPS NY rev (1m)-2.76%
EPS NY rev (3m)-7.08%
Revenue NQ rev (1m)0.01%
Revenue NQ rev (3m)1.93%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.89%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29.81 | ||
| Fwd PE | 24.88 | ||
| P/S | 7.2 | ||
| P/FCF | 39.6 | ||
| P/OCF | 23.51 | ||
| P/B | 6.19 | ||
| P/tB | 9.1 | ||
| EV/EBITDA | 20.14 |
EPS(TTM)14.35
EY3.35%
EPS(NY)17.19
Fwd EY4.02%
FCF(TTM)10.8
FCFY2.53%
OCF(TTM)18.2
OCFY4.25%
SpS59.45
BVpS69.13
TBVpS47.02
PEG (NY)1.5
PEG (5Y)1.31
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 15.01% | ||
| ROE | 20.11% | ||
| ROCE | 21.46% | ||
| ROIC | 17.79% | ||
| ROICexc | 21.48% | ||
| ROICexgc | 33.31% | ||
| OM | 27.13% | ||
| PM (TTM) | 23.38% | ||
| GM | 50.51% | ||
| FCFM | 18.17% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y-1.4%
OM growth 5Y6.33%
PM growth 3Y-6.49%
PM growth 5Y-4.38%
GM growth 3Y1.81%
GM growth 5Y3.46%
F-Score7
Asset Turnover0.64
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.04 | ||
| Debt/EBITDA | 0.02 | ||
| Cap/Depr | 186.28% | ||
| Cap/Sales | 12.44% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 90.54% | ||
| Profit Quality | 77.72% | ||
| Current Ratio | 2.3 | ||
| Quick Ratio | 1.62 | ||
| Altman-Z | 13.22 |
F-Score7
WACC10.54%
ROIC/WACC1.69
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)21.93%
EPS 3Y11.54%
EPS 5Y22.75%
EPS Q2Q%131.03%
EPS Next Y19.83%
EPS Next 2Y21.53%
EPS Next 3Y20.48%
EPS Next 5Y17.58%
Revenue 1Y (TTM)11.33%
Revenue growth 3Y19.24%
Revenue growth 5Y21.13%
Sales Q2Q%27.83%
Revenue Next Year21.32%
Revenue Next 2Y20.07%
Revenue Next 3Y18.06%
Revenue Next 5Y14.74%
EBIT growth 1Y21.25%
EBIT growth 3Y17.57%
EBIT growth 5Y28.8%
EBIT Next Year52.6%
EBIT Next 3Y30.14%
EBIT Next 5Y21.98%
FCF growth 1Y27.44%
FCF growth 3Y33.54%
FCF growth 5Y7.13%
OCF growth 1Y21.98%
OCF growth 3Y33.11%
OCF growth 5Y12.92%