ASM INTERNATIONAL NV (AVS.DE) Stock Fundamental Analysis
FRA:AVS - Deutsche Boerse Ag - NL0000334118 - Common Stock - Currency: EUR
We assign a fundamental rating of 7 out of 10 to AVS. AVS was compared to 53 industry peers in the Semiconductors & Semiconductor Equipment industry. AVS has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. AVS is showing excellent growth while it is valued at reasonable prices. Keep and eye on this one! These ratings would make AVS suitable for growth and quality investing!
1. Profitability
1.1 Basic Checks
In the past year AVS was profitable.
AVS had a positive operating cash flow in the past year.
In the past 5 years AVS has always been profitable.
AVS had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 15.01%, AVS is in the better half of the industry, outperforming 75.47% of the companies in the same industry.
AVS has a Return On Equity of 20.11%. This is in the better half of the industry: AVS outperforms 67.92% of its industry peers.
With an excellent Return On Invested Capital value of 17.79%, AVS belongs to the best of the industry, outperforming 81.13% of the companies in the same industry.
| 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
The Profit Margin of AVS (23.38%) is better than 75.47% of its industry peers.
In the last couple of years the Profit Margin of AVS has declined.
AVS has a better Operating Margin (27.13%) than 71.70% of its industry peers.
AVS's Operating Margin has improved in the last couple of years.
AVS has a better Gross Margin (50.51%) than 67.92% of its industry peers.
In the last couple of years the Gross Margin of AVS has grown nicely.
| 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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), AVS is creating some value.
AVS 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
AVS has an Altman-Z score of 12.00. This indicates that AVS is financially healthy and has little risk of bankruptcy at the moment.
AVS's Altman-Z score of 12.00 is amongst the best of the industry. AVS outperforms 90.57% of its industry peers.
AVS 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.
AVS has a Debt to FCF ratio of 0.04. This is amongst the best in the industry. AVS outperforms 100.00% of its industry peers.
A Debt/Equity ratio of 0.01 indicates that AVS is not too dependend on debt financing.
The Debt to Equity ratio of AVS (0.01) is better than 98.11% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.04 | ||
| Altman-Z | 12 |
ROIC/WACC1.69
WACC10.51%
2.3 Liquidity
AVS has a Current Ratio of 2.30. This indicates that AVS is financially healthy and has no problem in meeting its short term obligations.
AVS's Current ratio of 2.30 is in line compared to the rest of the industry. AVS outperforms 43.40% of its industry peers.
A Quick Ratio of 1.62 indicates that AVS should not have too much problems paying its short term obligations.
AVS has a Quick ratio (1.62) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.3 | ||
| Quick Ratio | 1.62 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 21.93% over the past year.
Measured over the past years, AVS shows a very strong growth in Earnings Per Share. The EPS has been growing by 22.75% on average per year.
AVS shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 11.33%.
Measured over the past years, AVS shows a very strong growth in Revenue. The Revenue has been growing by 21.13% on average per year.
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
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, AVS will show a quite strong growth in Revenue. The Revenue will grow by 14.74% on average per year.
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
The Price/Earnings ratio is 25.74, which means the current valuation is very expensive for AVS.
Compared to the rest of the industry, the Price/Earnings ratio of AVS is on the same level as its industry peers.
AVS is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 28.33, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 21.48, AVS is valued on the expensive side.
AVS's Price/Forward Earnings ratio is in line with the industry average.
AVS's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 21.37.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.74 | ||
| Fwd PE | 21.48 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of AVS is on the same level as its industry peers.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of AVS indicates a somewhat cheap valuation: AVS is cheaper than 62.26% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 34.18 | ||
| EV/EBITDA | 17.75 |
4.3 Compensation for Growth
AVS's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
AVS has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as AVS's earnings are expected to grow with 20.48% in the coming years.
PEG (NY)1.3
PEG (5Y)1.13
EPS Next 2Y21.53%
EPS Next 3Y20.48%
5. Dividend
5.1 Amount
With a yearly dividend of 0.77%, AVS is not a good candidate for dividend investing.
In the last 3 months the price of AVS has falen by -39.87%. 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, AVS has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.51, AVS's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.77% |
5.2 History
On average, the dividend of AVS grows each year by 24.79%, which is quite nice.
Dividend Growth(5Y)24.79%
Div Incr Years1
Div Non Decr Years2
5.3 Sustainability
AVS pays out 19.76% of its income as dividend. This is a sustainable payout ratio.
The dividend of AVS 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%
FRA:AVS (4/22/2025, 7:00:00 PM)
369.3
-22.4 (-5.72%)
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 Cap18.22B
Analysts76.15
Price Target695.9 (88.44%)
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 Years2
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)-0.23%
PT rev (3m)0.01%
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 | 25.74 | ||
| Fwd PE | 21.48 | ||
| P/S | 6.21 | ||
| P/FCF | 34.18 | ||
| P/OCF | 20.29 | ||
| P/B | 5.34 | ||
| P/tB | 7.85 | ||
| EV/EBITDA | 17.75 |
EPS(TTM)14.35
EY3.89%
EPS(NY)17.19
Fwd EY4.66%
FCF(TTM)10.8
FCFY2.93%
OCF(TTM)18.2
OCFY4.93%
SpS59.45
BVpS69.13
TBVpS47.02
PEG (NY)1.3
PEG (5Y)1.13
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 | 12 |
F-Score7
WACC10.51%
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%