ASM INTERNATIONAL NV (AVS.DE) Stock Fundamental Analysis
FRA:AVS - Deutsche Boerse Ag - NL0000334118 - Common Stock - Currency: EUR
Taking everything into account, AVS scores 6 out of 10 in our fundamental rating. AVS was compared to 56 industry peers in the Semiconductors & Semiconductor Equipment industry. AVS is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. AVS is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
AVS had positive earnings in the past year.
AVS had a positive operating cash flow in the past year.
AVS had positive earnings in each of the past 5 years.
AVS had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of AVS (12.09%) is comparable to the rest of the industry.
Looking at the Return On Equity, with a value of 16.20%, AVS is in line with its industry, outperforming 51.79% of the companies in the same industry.
AVS's Return On Invested Capital of 14.28% is in line compared to the rest of the industry. AVS outperforms 55.36% of its industry peers.
AVS had an Average Return On Invested Capital over the past 3 years of 16.75%. This is in line with the industry average of 16.97%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 12.09% | ||
| ROE | 16.2% | ||
| ROIC | 14.28% |
ROA(3y)15.47%
ROA(5y)14.87%
ROE(3y)19.84%
ROE(5y)18.6%
ROIC(3y)16.75%
ROIC(5y)14.96%
1.3 Margins
Looking at the Profit Margin, with a value of 21.25%, AVS is in the better half of the industry, outperforming 60.71% of the companies in the same industry.
In the last couple of years the Profit Margin of AVS has grown nicely.
The Operating Margin of AVS (24.86%) is better than 62.50% of its industry peers.
AVS's Operating Margin has improved in the last couple of years.
With a decent Gross Margin value of 49.53%, AVS is doing good in the industry, outperforming 64.29% of the companies in the same industry.
AVS's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 24.86% | ||
| PM (TTM) | 21.25% | ||
| GM | 49.53% |
OM growth 3Y-0.64%
OM growth 5Y10.14%
PM growth 3Y9.93%
PM growth 5Y8.25%
GM growth 3Y0.93%
GM growth 5Y3.39%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so AVS is still creating some value.
The number of shares outstanding for AVS has been reduced compared to 1 year ago.
The number of shares outstanding for AVS has been reduced compared to 5 years ago.
Compared to 1 year ago, AVS has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 17.06 indicates that AVS is not in any danger for bankruptcy at the moment.
With an excellent Altman-Z score value of 17.06, AVS belongs to the best of the industry, outperforming 94.64% of the companies in the same industry.
The Debt to FCF ratio of AVS is 0.05, which is an excellent value as it means it would take AVS, only 0.05 years of fcf income to pay off all of its debts.
AVS has a Debt to FCF ratio of 0.05. This is amongst the best in the industry. AVS outperforms 98.21% of its industry peers.
AVS has a Debt/Equity ratio of 0.01. This is a healthy value indicating a solid balance between debt and equity.
AVS's Debt to Equity ratio of 0.01 is amongst the best of the industry. AVS outperforms 96.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.05 | ||
| Altman-Z | 17.06 |
ROIC/WACC1.23
WACC11.62%
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 has a Current ratio (2.30) which is in line with 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 in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.3 | ||
| Quick Ratio | 1.62 |
3. Growth
3.1 Past
AVS shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -7.29%.
The Earnings Per Share has been growing by 29.83% on average over the past years. This is a very strong growth
AVS shows a small growth in Revenue. In the last year, the Revenue has grown by 1.12%.
The Revenue has been growing by 26.35% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-7.29%
EPS 3Y24.91%
EPS 5Y29.83%
EPS Q2Q%-3.56%
Revenue 1Y (TTM)1.12%
Revenue growth 3Y25.64%
Revenue growth 5Y26.35%
Sales Q2Q%25.12%
3.2 Future
The Earnings Per Share is expected to grow by 18.74% on average over the next years. This is quite good.
The Revenue is expected to grow by 14.78% on average over the next years. This is quite good.
EPS Next Y13.89%
EPS Next 2Y22.58%
EPS Next 3Y22.82%
EPS Next 5Y18.74%
Revenue Next Year10.34%
Revenue Next 2Y16.12%
Revenue Next 3Y16.69%
Revenue Next 5Y14.78%
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.
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.
4. Valuation
4.1 Price/Earnings Ratio
AVS is valuated quite expensively with a Price/Earnings ratio of 49.14.
AVS's Price/Earnings ratio is rather expensive when compared to the industry. AVS is more expensive than 80.36% of the companies in the same industry.
When comparing the Price/Earnings ratio of AVS to the average of the S&P500 Index (28.58), we can say AVS is valued expensively.
The Price/Forward Earnings ratio is 32.48, which means the current valuation is very expensive for AVS.
Based on the Price/Forward Earnings ratio, AVS is valued a bit more expensive than 69.64% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 95.03, AVS is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 49.14 | ||
| Fwd PE | 32.48 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of AVS indicates a slightly more expensive valuation: AVS is more expensive than 71.43% of the companies listed in the same industry.
The rest of the industry has a similar Price/Free Cash Flow ratio as AVS.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 76.88 | ||
| EV/EBITDA | 33.5 |
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 22.82% in the coming years. This may justify a more expensive valuation.
PEG (NY)3.54
PEG (5Y)1.65
EPS Next 2Y22.58%
EPS Next 3Y22.82%
5. Dividend
5.1 Amount
AVS has a yearly dividend return of 0.50%, which is pretty low.
Compared to an average industry Dividend Yield of 1.49, AVS has a dividend in line with its industry peers.
With a Dividend Yield of 0.50, AVS pays less dividend than the S&P500 average, which is at 2.28.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.5% |
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
24.52% of the earnings are spent on dividend by AVS. This is a low number and sustainable payout ratio.
AVS's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP24.52%
EPS Next 2Y22.58%
EPS Next 3Y22.82%
ASM INTERNATIONAL NV
FRA:AVS (2/4/2025, 7:00:00 PM)
574.4
+18.2 (+3.27%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners58.9%
Inst Owner ChangeN/A
Ins Owners0.09%
Ins Owner ChangeN/A
Market Cap28.34B
Analysts76.92
Price Target696.71 (21.29%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.5% |
Yearly Dividend2.5
Dividend Growth(5Y)24.79%
DP24.52%
Div Incr Years1
Div Non Decr Years2
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)12.46%
Min EPS beat(2)-3.35%
Max EPS beat(2)28.27%
EPS beat(4)2
Avg EPS beat(4)1.9%
Min EPS beat(4)-25.53%
Max EPS beat(4)28.27%
EPS beat(8)3
Avg EPS beat(8)0.08%
EPS beat(12)6
Avg EPS beat(12)3.49%
EPS beat(16)9
Avg EPS beat(16)5.39%
Revenue beat(2)1
Avg Revenue beat(2)0.73%
Min Revenue beat(2)-0.58%
Max Revenue beat(2)2.03%
Revenue beat(4)3
Avg Revenue beat(4)0.96%
Min Revenue beat(4)-0.58%
Max Revenue beat(4)2.36%
Revenue beat(8)5
Avg Revenue beat(8)0.8%
Revenue beat(12)6
Avg Revenue beat(12)0.55%
Revenue beat(16)8
Avg Revenue beat(16)0.43%
PT rev (1m)0.13%
PT rev (3m)-3.58%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)-3.07%
EPS NY rev (3m)-3.07%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0.37%
Revenue NY rev (3m)0.37%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 49.14 | ||
| Fwd PE | 32.48 | ||
| P/S | 10.9 | ||
| P/FCF | 76.88 | ||
| P/OCF | 39.88 | ||
| P/B | 8.31 | ||
| P/tB | 12.22 | ||
| EV/EBITDA | 33.5 |
EPS(TTM)11.69
EY2.04%
EPS(NY)17.68
Fwd EY3.08%
FCF(TTM)7.47
FCFY1.3%
OCF(TTM)14.4
OCFY2.51%
SpS52.71
BVpS69.13
TBVpS47.02
PEG (NY)3.54
PEG (5Y)1.65
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 12.09% | ||
| ROE | 16.2% | ||
| ROCE | 17.43% | ||
| ROIC | 14.28% | ||
| ROICexc | 17.25% | ||
| ROICexgc | 26.75% | ||
| OM | 24.86% | ||
| PM (TTM) | 21.25% | ||
| GM | 49.53% | ||
| FCFM | 14.17% |
ROA(3y)15.47%
ROA(5y)14.87%
ROE(3y)19.84%
ROE(5y)18.6%
ROIC(3y)16.75%
ROIC(5y)14.96%
ROICexc(3y)20.81%
ROICexc(5y)19%
ROICexgc(3y)30.06%
ROICexgc(5y)25.7%
ROCE(3y)20.45%
ROCE(5y)18.26%
ROICexcg growth 3Y9.55%
ROICexcg growth 5Y28.11%
ROICexc growth 3Y-0.25%
ROICexc growth 5Y20.16%
OM growth 3Y-0.64%
OM growth 5Y10.14%
PM growth 3Y9.93%
PM growth 5Y8.25%
GM growth 3Y0.93%
GM growth 5Y3.39%
F-Score7
Asset Turnover0.57
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.05 | ||
| Debt/EBITDA | 0.02 | ||
| Cap/Depr | 188.97% | ||
| Cap/Sales | 13.15% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 85.88% | ||
| Profit Quality | 66.7% | ||
| Current Ratio | 2.3 | ||
| Quick Ratio | 1.62 | ||
| Altman-Z | 17.06 |
F-Score7
WACC11.62%
ROIC/WACC1.23
Cap/Depr(3y)170%
Cap/Depr(5y)166.98%
Cap/Sales(3y)9.92%
Cap/Sales(5y)10.38%
Profit Quality(3y)62.14%
Profit Quality(5y)67.36%
High Growth Momentum
Growth
EPS 1Y (TTM)-7.29%
EPS 3Y24.91%
EPS 5Y29.83%
EPS Q2Q%-3.56%
EPS Next Y13.89%
EPS Next 2Y22.58%
EPS Next 3Y22.82%
EPS Next 5Y18.74%
Revenue 1Y (TTM)1.12%
Revenue growth 3Y25.64%
Revenue growth 5Y26.35%
Sales Q2Q%25.12%
Revenue Next Year10.34%
Revenue Next 2Y16.12%
Revenue Next 3Y16.69%
Revenue Next 5Y14.78%
EBIT growth 1Y-9.82%
EBIT growth 3Y24.84%
EBIT growth 5Y39.16%
EBIT Next Year41.27%
EBIT Next 3Y29.2%
EBIT Next 5Y22.65%
FCF growth 1Y32.53%
FCF growth 3Y60.28%
FCF growth 5Y85.57%
OCF growth 1Y51.73%
OCF growth 3Y40.67%
OCF growth 5Y40%