ASM INTERNATIONAL NV (AVS.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:AVS - NL0000334118 - Common Stock
713 EUR
-9 (-1.25%)
AVS gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 69 industry peers in the Semiconductors & Semiconductor Equipment industry. AVS has an excellent profitability rating, but there are some minor concerns on its financial health. AVS shows excellent growth, but is valued quite expensive already. This makes AVS very considerable for growth investing!
1. Profitability
1.1 Basic Checks
- In the past year AVS was profitable.
- In the past year AVS had a positive cash flow from operations.
- AVS had positive earnings in each of the past 5 years.
- Each year in the past 5 years AVS had a positive operating cash flow.
1.2 Ratios
- AVS has a better Return On Assets (14.94%) than 79.71% of its industry peers.
- Looking at the Return On Equity, with a value of 20.42%, AVS is in the better half of the industry, outperforming 69.57% of the companies in the same industry.
- AVS has a better Return On Invested Capital (20.12%) than 81.16% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for AVS is above the industry average of 14.31%.
- The last Return On Invested Capital (20.12%) for AVS is above the 3 year average (16.63%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 14.94% | ||
| ROE | 20.42% | ||
| ROIC | 20.12% |
ROA(3y)13.82%
ROA(5y)14.5%
ROE(3y)18.59%
ROE(5y)18.64%
ROIC(3y)16.63%
ROIC(5y)16.46%
1.3 Margins
- AVS has a Profit Margin of 23.87%. This is in the better half of the industry: AVS outperforms 66.67% of its industry peers.
- AVS's Profit Margin has declined in the last couple of years.
- With a decent Operating Margin value of 30.26%, AVS is doing good in the industry, outperforming 76.81% of the companies in the same industry.
- In the last couple of years the Operating Margin of AVS has grown nicely.
- Looking at the Gross Margin, with a value of 51.86%, AVS is in line with its industry, outperforming 59.42% of the companies in the same industry.
- AVS's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 30.26% | ||
| PM (TTM) | 23.87% | ||
| GM | 51.86% |
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 well above the Cost of Capital (WACC), so AVS is creating value.
- AVS has less shares outstanding than it did 1 year ago.
- AVS has more shares outstanding than it did 5 years ago.
- The debt/assets ratio for AVS has been reduced compared to a year ago.
2.2 Solvency
- The Debt to FCF ratio of AVS is 0.08, which is an excellent value as it means it would take AVS, only 0.08 years of fcf income to pay off all of its debts.
- AVS's Debt to FCF ratio of 0.08 is amongst the best of the industry. AVS outperforms 94.20% of its industry peers.
- A Debt/Equity ratio of 0.01 indicates that AVS is not too dependend on debt financing.
- AVS has a better Debt to Equity ratio (0.01) than 91.30% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.08 | ||
| Altman-Z | N/A |
ROIC/WACC1.85
WACC10.89%
2.3 Liquidity
- AVS has a Current Ratio of 2.16. This indicates that AVS is financially healthy and has no problem in meeting its short term obligations.
- AVS has a Current ratio of 2.16. This is in the lower half of the industry: AVS underperforms 63.77% of its industry peers.
- A Quick Ratio of 1.68 indicates that AVS should not have too much problems paying its short term obligations.
- With a Quick ratio value of 1.68, AVS perfoms like the industry average, outperforming 52.17% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.16 | ||
| Quick Ratio | 1.68 |
3. Growth
3.1 Past
- AVS shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 39.01%, which is quite impressive.
- The Earnings Per Share has been growing by 22.75% on average over the past years. This is a very strong growth
- Looking at the last year, AVS shows a quite strong growth in Revenue. The Revenue has grown by 19.12% in the last year.
- AVS shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 21.13% yearly.
EPS 1Y (TTM)39.01%
EPS 3Y11.54%
EPS 5Y22.75%
EPS Q2Q%54.24%
Revenue 1Y (TTM)19.12%
Revenue growth 3Y19.24%
Revenue growth 5Y21.13%
Sales Q2Q%2.75%
3.2 Future
- AVS is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 13.39% yearly.
- Based on estimates for the next years, AVS will show a quite strong growth in Revenue. The Revenue will grow by 12.26% on average per year.
EPS Next Y3.7%
EPS Next 2Y7.36%
EPS Next 3Y13.69%
EPS Next 5Y13.39%
Revenue Next Year6.42%
Revenue Next 2Y7.43%
Revenue Next 3Y10.88%
Revenue Next 5Y12.26%
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
- Based on the Price/Earnings ratio of 43.88, the valuation of AVS can be described as expensive.
- The rest of the industry has a similar Price/Earnings ratio as AVS.
- Compared to an average S&P500 Price/Earnings ratio of 28.60, AVS is valued quite expensively.
- With a Price/Forward Earnings ratio of 43.10, AVS can be considered very expensive at the moment.
- 68.12% of the companies in the same industry are cheaper than AVS, based on the Price/Forward Earnings ratio.
- The average S&P500 Price/Forward Earnings ratio is at 25.83. AVS is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 43.88 | ||
| Fwd PE | 43.1 |
4.2 Price Multiples
- The rest of the industry has a similar Enterprise Value to EBITDA ratio as AVS.
- Based on the Price/Free Cash Flow ratio, AVS is valued a bit cheaper than the industry average as 72.46% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 47.19 | ||
| EV/EBITDA | 28.54 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
- AVS has a very decent profitability rating, which may justify a higher PE ratio.
- AVS's earnings are expected to grow with 13.69% in the coming years. This may justify a more expensive valuation.
PEG (NY)11.85
PEG (5Y)1.93
EPS Next 2Y7.36%
EPS Next 3Y13.69%
5. Dividend
5.1 Amount
- With a yearly dividend of 0.42%, AVS is not a good candidate for dividend investing.
- AVS's Dividend Yield is comparable with the industry average which is at 0.74.
- With a Dividend Yield of 0.42, AVS pays less dividend than the S&P500 average, which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.42% |
5.2 History
- On average, the dividend of AVS grows each year by 6.39%, which is quite nice.
Dividend Growth(5Y)6.39%
Div Incr Years2
Div Non Decr Years3
5.3 Sustainability
- 18.80% of the earnings are spent on dividend by AVS. This is a low number and sustainable payout ratio.
- The dividend of AVS is growing, but earnings are growing more, so the dividend growth is sustainable.
DP18.8%
EPS Next 2Y7.36%
EPS Next 3Y13.69%
ASM INTERNATIONAL NV / AVS.DE FAQ
Can you provide the ChartMill fundamental rating for ASM INTERNATIONAL NV?
ChartMill assigns a fundamental rating of 6 / 10 to AVS.DE.
What is the valuation status of ASM INTERNATIONAL NV (AVS.DE) stock?
ChartMill assigns a valuation rating of 2 / 10 to ASM INTERNATIONAL NV (AVS.DE). This can be considered as Overvalued.
How profitable is ASM INTERNATIONAL NV (AVS.DE) stock?
ASM INTERNATIONAL NV (AVS.DE) has a profitability rating of 7 / 10.
What are the PE and PB ratios of ASM INTERNATIONAL NV (AVS.DE) stock?
The Price/Earnings (PE) ratio for ASM INTERNATIONAL NV (AVS.DE) is 43.88 and the Price/Book (PB) ratio is 9.16.
What is the financial health of ASM INTERNATIONAL NV (AVS.DE) stock?
The financial health rating of ASM INTERNATIONAL NV (AVS.DE) is 6 / 10.