BE SEMICONDUCTOR INDUSTRIES (BESI.AS) Fundamental Analysis & Valuation

AMS:BESI • NL0012866412

Current stock price

247.2 EUR
+7.8 (+3.26%)
Last:

This BESI.AS fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. BESI.AS Profitability Analysis

1.1 Basic Checks

  • BESI had positive earnings in the past year.
  • BESI had a positive operating cash flow in the past year.
  • BESI had positive earnings in each of the past 5 years.
  • BESI had a positive operating cash flow in each of the past 5 years.
BESI.AS Yearly Net Income VS EBIT VS OCF VS FCFBESI.AS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M

1.2 Ratios

  • BESI has a Return On Assets (11.82%) which is in line with its industry peers.
  • BESI has a better Return On Equity (31.61%) than 78.79% of its industry peers.
  • BESI has a Return On Invested Capital of 13.53%. This is in the better half of the industry: BESI outperforms 65.15% of its industry peers.
  • BESI had an Average Return On Invested Capital over the past 3 years of 16.12%. This is in line with the industry average of 15.52%.
Industry RankSector Rank
ROA 11.82%
ROE 31.61%
ROIC 13.53%
ROA(3y)15.44%
ROA(5y)18.44%
ROE(3y)36.65%
ROE(5y)38.77%
ROIC(3y)16.12%
ROIC(5y)19.1%
BESI.AS Yearly ROA, ROE, ROICBESI.AS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40

1.3 Margins

  • BESI has a Profit Margin of 22.26%. This is in the better half of the industry: BESI outperforms 63.64% of its industry peers.
  • In the last couple of years the Profit Margin of BESI has declined.
  • BESI's Operating Margin of 29.27% is fine compared to the rest of the industry. BESI outperforms 68.18% of its industry peers.
  • In the last couple of years the Operating Margin of BESI has declined.
  • BESI's Gross Margin of 63.29% is amongst the best of the industry. BESI outperforms 86.36% of its industry peers.
  • BESI's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 29.27%
PM (TTM) 22.26%
GM 63.29%
OM growth 3Y-10.35%
OM growth 5Y-3.24%
PM growth 3Y-12.55%
PM growth 5Y-6.11%
GM growth 3Y1.08%
GM growth 5Y1.2%
BESI.AS Yearly Profit, Operating, Gross MarginsBESI.AS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

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6

2. BESI.AS Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so BESI is still creating some value.
  • The number of shares outstanding for BESI remains at a similar level compared to 1 year ago.
  • Compared to 5 years ago, BESI has more shares outstanding
  • Compared to 1 year ago, BESI has a worse debt to assets ratio.
BESI.AS Yearly Shares OutstandingBESI.AS Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M
BESI.AS Yearly Total Debt VS Total AssetsBESI.AS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

2.2 Solvency

  • BESI has an Altman-Z score of 19.41. This indicates that BESI is financially healthy and has little risk of bankruptcy at the moment.
  • BESI has a Altman-Z score of 19.41. This is in the better half of the industry: BESI outperforms 78.79% of its industry peers.
  • The Debt to FCF ratio of BESI is 3.82, which is a good value as it means it would take BESI, 3.82 years of fcf income to pay off all of its debts.
  • BESI has a Debt to FCF ratio of 3.82. This is comparable to the rest of the industry: BESI outperforms 40.91% of its industry peers.
  • BESI has a Debt/Equity ratio of 1.24. This is a high value indicating a heavy dependency on external financing.
  • BESI has a Debt to Equity ratio of 1.24. This is amonst the worse of the industry: BESI underperforms 93.94% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.24
Debt/FCF 3.82
Altman-Z 19.41
ROIC/WACC1.15
WACC11.74%
BESI.AS Yearly LT Debt VS Equity VS FCFBESI.AS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M

2.3 Liquidity

  • A Current Ratio of 5.55 indicates that BESI has no problem at all paying its short term obligations.
  • BESI has a Current ratio of 5.55. This is amongst the best in the industry. BESI outperforms 89.39% of its industry peers.
  • A Quick Ratio of 4.88 indicates that BESI has no problem at all paying its short term obligations.
  • BESI has a better Quick ratio (4.88) than 95.45% of its industry peers.
Industry RankSector Rank
Current Ratio 5.55
Quick Ratio 4.88
BESI.AS Yearly Current Assets VS Current LiabilitesBESI.AS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M

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6

3. BESI.AS Growth Analysis

3.1 Past

  • The earnings per share for BESI have decreased strongly by -15.49% in the last year.
  • BESI shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -0.12% yearly.
  • BESI shows a small growth in Revenue. In the last year, the Revenue has grown by 4.42%.
  • Measured over the past years, BESI shows a small growth in Revenue. The Revenue has been growing by 6.40% on average per year.
EPS 1Y (TTM)-15.49%
EPS 3Y-16.97%
EPS 5Y-0.12%
EPS Q2Q%62.5%
Revenue 1Y (TTM)4.42%
Revenue growth 3Y-6.48%
Revenue growth 5Y6.4%
Sales Q2Q%28.26%

3.2 Future

  • Based on estimates for the next years, BESI will show a very strong growth in Earnings Per Share. The EPS will grow by 41.91% on average per year.
  • BESI is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 25.03% yearly.
EPS Next Y114.7%
EPS Next 2Y78.17%
EPS Next 3Y59.05%
EPS Next 5Y41.91%
Revenue Next Year46.53%
Revenue Next 2Y38.95%
Revenue Next 3Y32.19%
Revenue Next 5Y25.03%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
BESI.AS Yearly Revenue VS EstimatesBESI.AS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 500M 1B 1.5B 2B
BESI.AS Yearly EPS VS EstimatesBESI.AS Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 2 4 6 8 10

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2

4. BESI.AS Valuation Analysis

4.1 Price/Earnings Ratio

  • BESI is valuated quite expensively with a Price/Earnings ratio of 129.42.
  • BESI's Price/Earnings ratio is rather expensive when compared to the industry. BESI is more expensive than 89.39% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 26.64, BESI is valued quite expensively.
  • A Price/Forward Earnings ratio of 46.91 indicates a quite expensive valuation of BESI.
  • BESI's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. BESI is more expensive than 69.70% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 21.36, BESI is valued quite expensively.
Industry RankSector Rank
PE 129.42
Fwd PE 46.91
BESI.AS Price Earnings VS Forward Price EarningsBESI.AS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80 100

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, BESI is valued more expensive than 92.42% of the companies in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of BESI indicates a slightly more expensive valuation: BESI is more expensive than 72.73% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 147.12
EV/EBITDA 94.75
BESI.AS Per share dataBESI.AS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6

4.3 Compensation for Growth

  • BESI's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • The decent profitability rating of BESI may justify a higher PE ratio.
  • BESI's earnings are expected to grow with 59.05% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.13
PEG (5Y)N/A
EPS Next 2Y78.17%
EPS Next 3Y59.05%

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3

5. BESI.AS Dividend Analysis

5.1 Amount

  • BESI has a yearly dividend return of 0.64%, which is pretty low.
  • BESI's Dividend Yield is a higher than the industry average which is at 0.52.
  • Compared to an average S&P500 Dividend Yield of 1.80, BESI's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.64%

5.2 History

  • The dividend of BESI is nicely growing with an annual growth rate of 16.56%!
Dividend Growth(5Y)16.56%
Div Incr Years1
Div Non Decr Years1
BESI.AS Yearly Dividends per shareBESI.AS Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3

5.3 Sustainability

  • 131.27% of the earnings are spent on dividend by BESI. This is not a sustainable payout ratio.
  • BESI's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP131.27%
EPS Next 2Y78.17%
EPS Next 3Y59.05%
BESI.AS Yearly Income VS Free CF VS DividendBESI.AS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M 250M
BESI.AS Dividend Payout.BESI.AS Dividend Payout, showing the Payout Ratio.BESI.AS Dividend Payout.PayoutRetained Earnings

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BESI.AS Fundamentals: All Metrics, Ratios and Statistics

BE SEMICONDUCTOR INDUSTRIES

AMS:BESI (4/30/2026, 7:00:00 PM)

247.2

+7.8 (+3.26%)

Chartmill FA Rating
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Industry Strength97.97
Industry Growth93.33
Earnings (Last)04-23
Earnings (Next)07-23
Inst Owners64.7%
Inst Owner ChangeN/A
Ins Owners1.84%
Ins Owner ChangeN/A
Market Cap20.06B
Revenue(TTM)632.07M
Net Income(TTM)131.64M
Analysts73.79
Price Target235.81 (-4.61%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.64%
Yearly Dividend2.18
Dividend Growth(5Y)16.56%
DP131.27%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.06%
Min EPS beat(2)-8.32%
Max EPS beat(2)8.44%
EPS beat(4)1
Avg EPS beat(4)-7.24%
Min EPS beat(4)-18.69%
Max EPS beat(4)8.44%
EPS beat(8)4
Avg EPS beat(8)-1.59%
EPS beat(12)8
Avg EPS beat(12)2.17%
EPS beat(16)10
Avg EPS beat(16)1.19%
Revenue beat(2)1
Avg Revenue beat(2)-1.92%
Min Revenue beat(2)-5.51%
Max Revenue beat(2)1.68%
Revenue beat(4)1
Avg Revenue beat(4)-4.77%
Min Revenue beat(4)-9.3%
Max Revenue beat(4)1.68%
Revenue beat(8)1
Avg Revenue beat(8)-4.31%
Revenue beat(12)3
Avg Revenue beat(12)-2.86%
Revenue beat(16)5
Avg Revenue beat(16)-2.5%
PT rev (1m)23.66%
PT rev (3m)47.68%
EPS NQ rev (1m)4.36%
EPS NQ rev (3m)26.07%
EPS NY rev (1m)-0.04%
EPS NY rev (3m)6.06%
Revenue NQ rev (1m)1.47%
Revenue NQ rev (3m)12.92%
Revenue NY rev (1m)0.89%
Revenue NY rev (3m)4.22%
Valuation
Industry RankSector Rank
PE 129.42
Fwd PE 46.91
P/S 33.92
P/FCF 147.12
P/OCF 112.61
P/B 48.18
P/tB 75.13
EV/EBITDA 94.75
EPS(TTM)1.91
EY0.77%
EPS(NY)5.27
Fwd EY2.13%
FCF(TTM)1.68
FCFY0.68%
OCF(TTM)2.2
OCFY0.89%
SpS7.29
BVpS5.13
TBVpS3.29
PEG (NY)1.13
PEG (5Y)N/A
Graham Number14.8497 (-93.99%)
Profitability
Industry RankSector Rank
ROA 11.82%
ROE 31.61%
ROCE 18.04%
ROIC 13.53%
ROICexc 31.17%
ROICexgc 48.6%
OM 29.27%
PM (TTM) 22.26%
GM 63.29%
FCFM 23.06%
ROA(3y)15.44%
ROA(5y)18.44%
ROE(3y)36.65%
ROE(5y)38.77%
ROIC(3y)16.12%
ROIC(5y)19.1%
ROICexc(3y)38.18%
ROICexc(5y)52.12%
ROICexgc(3y)61.33%
ROICexgc(5y)84.1%
ROCE(3y)21.5%
ROCE(5y)25.47%
ROICexgc growth 3Y-24.81%
ROICexgc growth 5Y-12.88%
ROICexc growth 3Y-23.24%
ROICexc growth 5Y-10.13%
OM growth 3Y-10.35%
OM growth 5Y-3.24%
PM growth 3Y-12.55%
PM growth 5Y-6.11%
GM growth 3Y1.08%
GM growth 5Y1.2%
F-Score5
Asset Turnover0.53
Health
Industry RankSector Rank
Debt/Equity 1.24
Debt/FCF 3.82
Debt/EBITDA 2.51
Cap/Depr 125.31%
Cap/Sales 7.07%
Interest Coverage 8.64
Cash Conversion 86.31%
Profit Quality 103.58%
Current Ratio 5.55
Quick Ratio 4.88
Altman-Z 19.41
F-Score5
WACC11.74%
ROIC/WACC1.15
Cap/Depr(3y)64.74%
Cap/Depr(5y)50.84%
Cap/Sales(3y)3.41%
Cap/Sales(5y)2.38%
Profit Quality(3y)107.11%
Profit Quality(5y)105.6%
High Growth Momentum
Growth
EPS 1Y (TTM)-15.49%
EPS 3Y-16.97%
EPS 5Y-0.12%
EPS Q2Q%62.5%
EPS Next Y114.7%
EPS Next 2Y78.17%
EPS Next 3Y59.05%
EPS Next 5Y41.91%
Revenue 1Y (TTM)4.42%
Revenue growth 3Y-6.48%
Revenue growth 5Y6.4%
Sales Q2Q%28.26%
Revenue Next Year46.53%
Revenue Next 2Y38.95%
Revenue Next 3Y32.19%
Revenue Next 5Y25.03%
EBIT growth 1Y-11.58%
EBIT growth 3Y-16.16%
EBIT growth 5Y2.95%
EBIT Next Year115.4%
EBIT Next 3Y56.61%
EBIT Next 5Y39.6%
FCF growth 1Y-27.87%
FCF growth 3Y-19.88%
FCF growth 5Y-2.88%
OCF growth 1Y-11.41%
OCF growth 3Y-13.14%
OCF growth 5Y1.92%

BE SEMICONDUCTOR INDUSTRIES / BESI.AS Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for BE SEMICONDUCTOR INDUSTRIES?

ChartMill assigns a fundamental rating of 5 / 10 to BESI.AS.


What is the valuation status for BESI stock?

ChartMill assigns a valuation rating of 2 / 10 to BE SEMICONDUCTOR INDUSTRIES (BESI.AS). This can be considered as Overvalued.


Can you provide the profitability details for BE SEMICONDUCTOR INDUSTRIES?

BE SEMICONDUCTOR INDUSTRIES (BESI.AS) has a profitability rating of 6 / 10.


Can you provide the PE and PB ratios for BESI stock?

The Price/Earnings (PE) ratio for BE SEMICONDUCTOR INDUSTRIES (BESI.AS) is 129.42 and the Price/Book (PB) ratio is 48.18.


What is the expected EPS growth for BE SEMICONDUCTOR INDUSTRIES (BESI.AS) stock?

The Earnings per Share (EPS) of BE SEMICONDUCTOR INDUSTRIES (BESI.AS) is expected to grow by 114.7% in the next year.