Taking everything into account, ASM scores 6 out of 10 in our fundamental rating. ASM was compared to 157 industry peers in the Metals & Mining industry. ASM gets an excellent profitability rating and is at the same time showing great financial health properties. ASM has a correct valuation and a medium growth rate. These ratings could make ASM a good candidate for quality investing.

Quickly go to:

1. Profitability

2. Health

3. Growth

4. Valuation

5. Dividend

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.
In multiple years ASM reported negative net income over the last 5 years.
Each year in the past 5 years ASM had a positive operating cash flow.

1.2 Ratios

With an excellent Return On Assets value of 9.59%, ASM belongs to the best of the industry, outperforming 86.62% of the companies in the same industry.
The Return On Equity of ASM (11.68%) is better than 80.25% of its industry peers.
ASM has a Return On Invested Capital of 12.79%. This is amongst the best in the industry. ASM outperforms 86.62% of its industry peers.
The Average Return On Invested Capital over the past 3 years for ASM is significantly below the industry average of 10.48%.
The last Return On Invested Capital (12.79%) for ASM is above the 3 year average (5.24%), which is a sign of increasing profitability.

		Industry Rank	Sector Rank
ROA	9.59%
ROE	11.68%
ROIC	12.79%

ROA(3y)2.81%

ROA(5y)-1.02%

ROE(3y)3.38%

ROE(5y)-1.09%

ROIC(3y)5.24%

ROIC(5y)N/A

1.3 Margins

ASM has a better Profit Margin (24.72%) than 89.17% of its industry peers.
ASM has a Operating Margin of 36.28%. This is amongst the best in the industry. ASM outperforms 85.99% of its industry peers.
ASM has a better Gross Margin (48.96%) than 85.35% of its industry peers.
ASM's Gross Margin has improved in the last couple of years.

		Industry Rank	Sector Rank
OM	36.28%
PM (TTM)	24.72%
GM	48.96%

OM growth 3YN/A

OM growth 5YN/A

PM growth 3YN/A

PM growth 5YN/A

GM growth 3Y5.18%

GM growth 5YN/A

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ROA

ROE

ROIC

Operating and Profit Margin

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2. Health

2.1 Basic Checks

ASM has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
The number of shares outstanding for ASM has been increased compared to 1 year ago.
Compared to 5 years ago, ASM has more shares outstanding
Compared to 1 year ago, ASM has an improved debt to assets ratio.

2.2 Solvency

ASM has an Altman-Z score of 22.32. This indicates that ASM is financially healthy and has little risk of bankruptcy at the moment.
ASM has a better Altman-Z score (22.32) than 82.17% of its industry peers.
The Debt to FCF ratio of ASM is 0.54, which is an excellent value as it means it would take ASM, only 0.54 years of fcf income to pay off all of its debts.
ASM has a better Debt to FCF ratio (0.54) than 92.36% 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 in the better half of the industry: ASM outperforms 73.25% of its industry peers.

		Industry Rank	Sector Rank
Debt/Equity	0.01
Debt/FCF	0.54
Altman-Z	22.32

ROIC/WACC1.31

WACC9.76%

2.3 Liquidity

ASM has a Current Ratio of 2.75. This indicates that ASM is financially healthy and has no problem in meeting its short term obligations.
ASM has a Current ratio (2.75) which is comparable to the rest of the industry.
A Quick Ratio of 2.34 indicates that ASM has no problem at all paying its short term obligations.
The Quick ratio of ASM (2.34) is better than 64.33% of its industry peers.

		Industry Rank	Sector Rank
Current Ratio	2.75
Quick Ratio	2.34

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WACC

Debt/Equity

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Altman-Z score

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3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 900.00% over the past year.
Looking at the last year, ASM shows a very strong growth in Revenue. The Revenue has grown by 58.42%.
The Revenue has been growing by 15.82% on average over the past years. This is quite good.

EPS 1Y (TTM)900%

EPS 3YN/A

EPS 5YN/A

EPS Q2Q%600%

Revenue 1Y (TTM)58.42%

Revenue growth 3Y80.63%

Revenue growth 5Y15.82%

Sales Q2Q%187.93%

3.2 Future

ASM is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 78.17% yearly.
The Revenue is expected to grow by 3.30% on average over the next years.

EPS Next Y263.6%

EPS Next 2Y150.24%

EPS Next 3Y78.17%

EPS Next 5YN/A

Revenue Next Year34.48%

Revenue Next 2Y37.12%

Revenue Next 3Y22.79%

Revenue Next 5Y3.3%

3.3 Evolution

The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.

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4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 44.95, the valuation of ASM can be described as expensive.
Compared to the rest of the industry, the Price/Earnings ratio of ASM indicates a somewhat cheap valuation: ASM is cheaper than 61.78% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 28.32. ASM is valued rather expensively when compared to this.
Based on the Price/Forward Earnings ratio of 28.71, the valuation of ASM can be described as expensive.
Compared to the rest of the industry, the Price/Forward Earnings ratio of ASM is on the same level as its industry peers.
ASM's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 25.57.

		Industry Rank	Sector Rank
PE	44.95
Fwd PE	28.71

4.2 Price Multiples

ASM's Enterprise Value to EBITDA ratio is in line with the industry average.
ASM's Price/Free Cash Flow is on the same level as the industry average.

		Industry Rank	Sector Rank
P/FCF	163.32
EV/EBITDA	38.96

4.3 Compensation for Growth

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap 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 78.17% in the coming years.