ASM INTERNATIONAL NV (ASM.AS) Stock Fundamental Analysis
Europe - AMS:ASM - NL0000334118 - Common Stock
458.2 EUR
+8.2 (+1.82%)
We assign a fundamental rating of 7 out of 10 to ASM. ASM was compared to 56 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 is valued quite expensive, but it does show an excellent growth. These ratings would make ASM suitable for growth and quality 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.
In the past 5 years ASM has always been profitable.
ASM had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
ASM has a better Return On Assets (10.21%) than 62.50% of its industry peers.
Looking at the Return On Equity, with a value of 14.07%, ASM is in line with its industry, outperforming 55.36% of the companies in the same industry.
ASM's Return On Invested Capital of 20.16% is amongst the best of the industry. ASM outperforms 83.93% 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 14.85%.
The last Return On Invested Capital (20.16%) for ASM is above the 3 year average (16.68%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.21% | ||
| ROE | 14.07% | ||
| ROIC | 20.16% |
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
The Profit Margin of ASM (16.16%) is comparable to the rest of the industry.
ASM's Profit Margin has declined in the last couple of years.
The Operating Margin of ASM (29.52%) is better than 71.43% of its industry peers.
In the last couple of years the Operating Margin of ASM has grown nicely.
Looking at the Gross Margin, with a value of 51.27%, ASM is in the better half of the industry, outperforming 64.29% of the companies in the same industry.
In the last couple of years the Gross Margin of ASM has grown nicely.
| 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.
Compared to 5 years ago, ASM has more shares outstanding
ASM has a better debt/assets ratio than last year.
2.2 Solvency
ASM has an Altman-Z score of 11.95. This indicates that ASM is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of ASM (11.95) is better than 87.50% 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.
ASM's Debt to FCF ratio of 0.05 is amongst the best of the industry. ASM outperforms 94.64% of its industry peers.
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 94.64% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.05 | ||
| Altman-Z | 11.95 |
ROIC/WACC2
WACC10.06%
2.3 Liquidity
A Current Ratio of 2.01 indicates that ASM has no problem at all paying its short term obligations.
ASM has a Current ratio of 2.01. This is comparable to the rest of the industry: ASM outperforms 42.86% of its industry peers.
A Quick Ratio of 1.54 indicates that ASM should not have too much problems paying its short term obligations.
The Quick ratio of ASM (1.54) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.01 | ||
| Quick Ratio | 1.54 |
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.
ASM shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 22.75% yearly.
Looking at the last year, ASM shows a very strong growth in Revenue. The Revenue has grown by 25.46%.
ASM shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 21.13% yearly.
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
The Earnings Per Share is expected to grow by 17.58% on average over the next years. This is quite good.
Based on estimates for the next years, ASM will show a quite strong growth in Revenue. The Revenue will grow by 14.03% on average per year.
EPS Next Y6.16%
EPS Next 2Y10.12%
EPS Next 3Y13.44%
EPS Next 5Y17.58%
Revenue Next Year12.36%
Revenue Next 2Y10.04%
Revenue Next 3Y12.06%
Revenue Next 5Y14.03%
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of 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
With a Price/Earnings ratio of 31.00, ASM can be considered very expensive at the moment.
ASM's Price/Earnings is on the same level as the industry average.
ASM's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.27.
Based on the Price/Forward Earnings ratio of 26.33, the valuation of ASM can be described as expensive.
ASM's Price/Forward Earnings is on the same level as the industry average.
The average S&P500 Price/Forward Earnings ratio is at 22.77. ASM is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 31 | ||
| Fwd PE | 26.33 |
4.2 Price Multiples
ASM's Enterprise Value to EBITDA ratio is in line with the industry average.
Based on the Price/Free Cash Flow ratio, ASM is valued a bit cheaper than the industry average as 73.21% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 29.96 | ||
| EV/EBITDA | 17.89 |
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 13.44% in the coming years. This may justify a more expensive valuation.
PEG (NY)5.03
PEG (5Y)1.36
EPS Next 2Y10.12%
EPS Next 3Y13.44%
5. Dividend
5.1 Amount
With a yearly dividend of 0.70%, ASM is not a good candidate for dividend investing.
ASM's Dividend Yield is a higher than the industry average which is at 1.29.
With a Dividend Yield of 0.70, ASM pays less dividend than the S&P500 average, which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.7% |
5.2 History
The dividend of ASM is nicely growing with an annual growth rate of 6.39%!
Dividend Growth(5Y)6.39%
Div Incr Years2
Div Non Decr Years5
5.3 Sustainability
ASM pays out 27.94% 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.
DP27.94%
EPS Next 2Y10.12%
EPS Next 3Y13.44%
AMS:ASM (9/16/2025, 4:52:10 PM)
458.2
+8.2 (+1.82%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners55.65%
Inst Owner ChangeN/A
Ins Owners0.09%
Ins Owner ChangeN/A
Market Cap22.60B
Analysts76.8
Price Target569.47 (24.28%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.7% |
Yearly Dividend2.76
Dividend Growth(5Y)6.39%
DP27.94%
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)-1.8%
PT rev (3m)-7.25%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-18.39%
EPS NY rev (1m)-11.4%
EPS NY rev (3m)-11.4%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-13.54%
Revenue NY rev (1m)-0.48%
Revenue NY rev (3m)-3.22%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 31 | ||
| Fwd PE | 26.33 | ||
| P/S | 6.93 | ||
| P/FCF | 29.96 | ||
| P/OCF | 19.75 | ||
| P/B | 6.03 | ||
| P/tB | 8.66 | ||
| EV/EBITDA | 17.89 |
EPS(TTM)14.78
EY3.23%
EPS(NY)17.4
Fwd EY3.8%
FCF(TTM)15.29
FCFY3.34%
OCF(TTM)23.2
OCFY5.06%
SpS66.13
BVpS75.96
TBVpS52.91
PEG (NY)5.03
PEG (5Y)1.36
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.21% | ||
| ROE | 14.07% | ||
| ROCE | 24.31% | ||
| ROIC | 20.16% | ||
| ROICexc | 26.31% | ||
| ROICexgc | 42.06% | ||
| 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-Score7
Asset Turnover0.63
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.05 | ||
| Debt/EBITDA | 0.02 | ||
| Cap/Depr | 171.37% | ||
| Cap/Sales | 11.96% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 96.12% | ||
| Profit Quality | 143.11% | ||
| Current Ratio | 2.01 | ||
| Quick Ratio | 1.54 | ||
| Altman-Z | 11.95 |
F-Score7
WACC10.06%
ROIC/WACC2
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 Y6.16%
EPS Next 2Y10.12%
EPS Next 3Y13.44%
EPS Next 5Y17.58%
Revenue 1Y (TTM)25.46%
Revenue growth 3Y19.24%
Revenue growth 5Y21.13%
Sales Q2Q%18.34%
Revenue Next Year12.36%
Revenue Next 2Y10.04%
Revenue Next 3Y12.06%
Revenue Next 5Y14.03%
EBIT growth 1Y49.01%
EBIT growth 3Y17.93%
EBIT growth 5Y29.04%
EBIT Next Year47.32%
EBIT Next 3Y26.85%
EBIT Next 5Y20.92%
FCF growth 1Y106.92%
FCF growth 3Y33.54%
FCF growth 5Y7.13%
OCF growth 1Y84.3%
OCF growth 3Y33.11%
OCF growth 5Y12.92%