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

AMS:ASM • NL0000334118

Current stock price

759.4 EUR
+17.2 (+2.32%)
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.
  • ASM had a positive operating cash flow in the past year.
  • In the past 5 years ASM has always been profitable.
  • ASM had a positive operating cash flow in each of the past 5 years.
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 76.06% of its industry peers.
  • ASM has a Return On Equity of 18.07%. This is in the better half of the industry: ASM outperforms 60.56% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 17.35%, ASM is in the better half of the industry, outperforming 77.46% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for ASM is in line with the industry average of 14.74%.
  • 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

  • With a decent Profit Margin value of 22.81%, ASM is doing good in the industry, outperforming 71.83% of the companies in the same industry.
  • In the last couple of years the Profit Margin of ASM has remained more or less at the same level.
  • ASM has a better Operating Margin (29.87%) than 78.87% of its industry peers.
  • In the last couple of years the Operating Margin of ASM has grown nicely.
  • ASM has a better Gross Margin (51.79%) than 61.97% of its industry peers.
  • 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

  • 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.
  • The debt/assets ratio for ASM has been reduced compared to a year ago.
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

  • An Altman-Z score of 19.09 indicates that ASM is not in any danger for bankruptcy at the moment.
  • ASM's Altman-Z score of 19.09 is amongst the best of the industry. ASM outperforms 85.92% 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.
  • ASM has a better Debt to FCF ratio (0.13) than 92.96% of its industry peers.
  • A Debt/Equity ratio of 0.02 indicates that ASM is not too dependend on debt financing.
  • ASM has a better Debt to Equity ratio (0.02) than 92.96% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.02
Debt/FCF 0.13
Altman-Z 19.09
ROIC/WACC1.54
WACC11.27%
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 has a Current ratio (2.25) which is comparable to the rest of the industry.
  • A Quick Ratio of 1.72 indicates that ASM should not have too much problems paying its short term obligations.
  • The Quick ratio of ASM (1.72) is comparable to the rest of the industry.
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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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. ASM.AS Growth Analysis

3.1 Past

  • ASM shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 4.60%.
  • The Earnings Per Share has been growing by 19.97% on average over the past years. This is quite good.
  • The Revenue has grown by 8.20% in the past year. This is quite good.
  • ASM shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 19.03% yearly.
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.
  • The Revenue is expected to grow by 14.05% on average over the next years. This is quite good.
EPS Next Y26.83%
EPS Next 2Y25.49%
EPS Next 3Y22.11%
EPS Next 5Y19.41%
Revenue Next Year16.22%
Revenue Next 2Y17.85%
Revenue Next 3Y16.18%
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.
  • 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.
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

  • Based on the Price/Earnings ratio of 50.59, the valuation of ASM can be described as expensive.
  • ASM's Price/Earnings ratio is in line with the industry average.
  • When comparing the Price/Earnings ratio of ASM to the average of the S&P500 Index (27.18), we can say ASM is valued expensively.
  • ASM is valuated quite expensively with a Price/Forward Earnings ratio of 39.89.
  • 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 63.38% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 37.96, ASM is valued at the same level.
Industry RankSector Rank
PE 50.59
Fwd PE 39.89
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

  • 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 is on the same level as the industry average.
Industry RankSector Rank
P/FCF 63.23
EV/EBITDA 29.75
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.
  • A more expensive valuation may be justified as ASM's earnings are expected to grow with 22.11% in the coming years.
PEG (NY)1.89
PEG (5Y)2.53
EPS Next 2Y25.49%
EPS Next 3Y22.11%

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4

5. ASM.AS Dividend Analysis

5.1 Amount

  • ASM has a yearly dividend return of 0.44%, which is pretty low.
  • Compared to an average industry Dividend Yield of 0.65, ASM has a dividend in line with its industry peers.
  • With a Dividend Yield of 0.44, ASM pays less dividend than the S&P500 average, which is at 1.82.
Industry RankSector Rank
Dividend Yield 0.44%

5.2 History

  • On average, the dividend of ASM grows each year by 8.25%, which is quite nice.
Dividend Growth(5Y)8.25%
Div Incr Years3
Div Non Decr Years6
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

  • ASM pays out 20.35% of its income as dividend. This is a 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 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 (4/14/2026, 10:59:19 AM)

759.4

+17.2 (+2.32%)

Chartmill FA Rating
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)03-03
Earnings (Next)04-21
Inst Owners60.31%
Inst Owner ChangeN/A
Ins Owners0.07%
Ins Owner ChangeN/A
Market Cap37.46B
Revenue(TTM)3.17B
Net Income(TTM)723.80M
Analysts77.69
Price Target815.73 (7.42%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.44%
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)29.41%
EPS NQ rev (1m)0.82%
EPS NQ rev (3m)17.69%
EPS NY rev (1m)7.9%
EPS NY rev (3m)16.77%
Revenue NQ rev (1m)0.95%
Revenue NQ rev (3m)14.16%
Revenue NY rev (1m)4.12%
Revenue NY rev (3m)8.59%
Valuation
Industry RankSector Rank
PE 50.59
Fwd PE 39.89
P/S 11.81
P/FCF 63.23
P/OCF 35.31
P/B 9.35
P/tB 14.03
EV/EBITDA 29.75
EPS(TTM)15.01
EY1.98%
EPS(NY)19.04
Fwd EY2.51%
FCF(TTM)12.01
FCFY1.58%
OCF(TTM)21.5
OCFY2.83%
SpS64.33
BVpS81.2
TBVpS54.11
PEG (NY)1.89
PEG (5Y)2.53
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 19.09
F-Score8
WACC11.27%
ROIC/WACC1.54
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 Year16.22%
Revenue Next 2Y17.85%
Revenue Next 3Y16.18%
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 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%.