BE SEMICONDUCTOR INDUSTRIES (BESI.AS) Stock Fundamental Analysis
Europe - Euronext Amsterdam - AMS:BESI - NL0012866412 - Common Stock
155.45 EUR
+1.7 (+1.11%)
BESI gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 65 industry peers in the Semiconductors & Semiconductor Equipment industry. While BESI belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. BESI is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
BESI had positive earnings in the past year.
In the past year BESI had a positive cash flow from operations.
BESI had positive earnings in each of the past 5 years.
Each year in the past 5 years BESI had a positive operating cash flow.
1.2 Ratios
BESI's Return On Assets of 13.86% is fine compared to the rest of the industry. BESI outperforms 76.92% of its industry peers.
Looking at the Return On Equity, with a value of 41.00%, BESI belongs to the top of the industry, outperforming 84.62% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 13.53%, BESI is in the better half of the industry, outperforming 64.62% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for BESI is above the industry average of 15.03%.
The 3 year average ROIC (19.01%) for BESI is well above the current ROIC(13.53%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.86% | ||
| ROE | 41% | ||
| ROIC | 13.53% |
ROA(3y)18.56%
ROA(5y)18.98%
ROE(3y)38.89%
ROE(5y)39.58%
ROIC(3y)19.01%
ROIC(5y)19.16%
1.3 Margins
The Profit Margin of BESI (25.59%) is better than 70.77% of its industry peers.
In the last couple of years the Profit Margin of BESI has grown nicely.
Looking at the Operating Margin, with a value of 28.87%, BESI is in the better half of the industry, outperforming 66.15% of the companies in the same industry.
BESI's Operating Margin has improved in the last couple of years.
BESI has a better Gross Margin (63.31%) than 87.69% of its industry peers.
BESI's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 28.87% | ||
| PM (TTM) | 25.59% | ||
| GM | 63.31% |
OM growth 3Y-8.69%
OM growth 5Y4.47%
PM growth 3Y-7.37%
PM growth 5Y5.59%
GM growth 3Y3.01%
GM growth 5Y3.15%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), BESI is creating value.
The number of shares outstanding for BESI has been increased compared to 1 year ago.
BESI has more shares outstanding than it did 5 years ago.
The debt/assets ratio for BESI is higher compared to a year ago.
2.2 Solvency
The Debt to FCF ratio of BESI is 3.02, which is a good value as it means it would take BESI, 3.02 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of BESI (3.02) is comparable to the rest of the industry.
A Debt/Equity ratio of 1.49 is on the high side and indicates that BESI has dependencies on debt financing.
BESI has a worse Debt to Equity ratio (1.49) than 93.85% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.49 | ||
| Debt/FCF | 3.02 | ||
| Altman-Z | N/A |
ROIC/WACC1.3
WACC10.42%
2.3 Liquidity
A Current Ratio of 5.77 indicates that BESI has no problem at all paying its short term obligations.
With an excellent Current ratio value of 5.77, BESI belongs to the best of the industry, outperforming 96.92% of the companies in the same industry.
BESI has a Quick Ratio of 5.04. This indicates that BESI is financially healthy and has no problem in meeting its short term obligations.
BESI has a better Quick ratio (5.04) than 96.92% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 5.77 | ||
| Quick Ratio | 5.04 |
3. Growth
3.1 Past
The earnings per share for BESI have decreased strongly by -16.96% in the last year.
BESI shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 16.76% yearly.
Looking at the last year, BESI shows a decrease in Revenue. The Revenue has decreased by -5.75% in the last year.
BESI shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 11.27% yearly.
EPS 1Y (TTM)-16.96%
EPS 3Y-12.13%
EPS 5Y16.76%
EPS Q2Q%-45.76%
Revenue 1Y (TTM)-5.75%
Revenue growth 3Y-6.76%
Revenue growth 5Y11.27%
Sales Q2Q%-15.23%
3.2 Future
The Earnings Per Share is expected to grow by 25.72% on average over the next years. This is a very strong growth
BESI is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 19.45% yearly.
EPS Next Y-26.09%
EPS Next 2Y19.97%
EPS Next 3Y28.99%
EPS Next 5Y25.72%
Revenue Next Year-4.4%
Revenue Next 2Y16.17%
Revenue Next 3Y20.76%
Revenue Next 5Y19.45%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 83.58, BESI can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Earnings ratio of BESI indicates a rather expensive valuation: BESI more expensive than 81.54% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of BESI to the average of the S&P500 Index (26.87), we can say BESI is valued expensively.
Based on the Price/Forward Earnings ratio of 46.96, the valuation of BESI can be described as expensive.
Compared to the rest of the industry, the Price/Forward Earnings ratio of BESI indicates a rather expensive valuation: BESI more expensive than 80.00% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of BESI to the average of the S&P500 Index (23.46), we can say BESI is valued expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 83.58 | ||
| Fwd PE | 46.96 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BESI is valued expensively inside the industry as 89.23% of the companies are valued cheaper.
The rest of the industry has a similar Price/Free Cash Flow ratio as BESI.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 70.87 | ||
| EV/EBITDA | 65.65 |
4.3 Compensation for Growth
The excellent profitability rating of BESI may justify a higher PE ratio.
A more expensive valuation may be justified as BESI's earnings are expected to grow with 28.99% in the coming years.
PEG (NY)N/A
PEG (5Y)4.99
EPS Next 2Y19.97%
EPS Next 3Y28.99%
5. Dividend
5.1 Amount
BESI has a Yearly Dividend Yield of 1.63%. Purely for dividend investing, there may be better candidates out there.
BESI's Dividend Yield is rather good when compared to the industry average which is at 0.81. BESI pays more dividend than 83.08% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 1.94, BESI has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.63% |
5.2 History
The dividend of BESI has a limited annual growth rate of 5.60%.
Dividend Growth(5Y)5.6%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
BESI pays out 116.89% of its income as dividend. This is not a sustainable payout ratio.
The dividend of BESI is growing, but earnings are growing more, so the dividend growth is sustainable.
DP116.89%
EPS Next 2Y19.97%
EPS Next 3Y28.99%
AMS:BESI (1/6/2026, 10:37:15 AM)
155.45
+1.7 (+1.11%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners70.23%
Inst Owner ChangeN/A
Ins Owners1.84%
Ins Owner ChangeN/A
Market Cap12.61B
Revenue(TTM)578.39M
Net Income(TTM)148.00M
Analysts77.04
Price Target152.29 (-2.03%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.63% |
Yearly Dividend2.21
Dividend Growth(5Y)5.6%
DP116.89%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-13.51%
Min EPS beat(2)-18.69%
Max EPS beat(2)-8.32%
EPS beat(4)1
Avg EPS beat(4)-3.39%
Min EPS beat(4)-18.69%
Max EPS beat(4)23.83%
EPS beat(8)4
Avg EPS beat(8)-1.18%
EPS beat(12)8
Avg EPS beat(12)1.76%
EPS beat(16)9
Avg EPS beat(16)0.52%
Revenue beat(2)0
Avg Revenue beat(2)-5.72%
Min Revenue beat(2)-5.94%
Max Revenue beat(2)-5.51%
Revenue beat(4)0
Avg Revenue beat(4)-7.15%
Min Revenue beat(4)-9.3%
Max Revenue beat(4)-5.51%
Revenue beat(8)1
Avg Revenue beat(8)-3.89%
Revenue beat(12)3
Avg Revenue beat(12)-2.91%
Revenue beat(16)4
Avg Revenue beat(16)-2.89%
PT rev (1m)0.23%
PT rev (3m)9.61%
EPS NQ rev (1m)-8.58%
EPS NQ rev (3m)-18.31%
EPS NY rev (1m)-2.56%
EPS NY rev (3m)-2.87%
Revenue NQ rev (1m)-3.54%
Revenue NQ rev (3m)-4.88%
Revenue NY rev (1m)-0.71%
Revenue NY rev (3m)-0.55%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 83.58 | ||
| Fwd PE | 46.96 | ||
| P/S | 21.81 | ||
| P/FCF | 70.87 | ||
| P/OCF | 65.02 | ||
| P/B | 34.94 | ||
| P/tB | 59.79 | ||
| EV/EBITDA | 65.65 |
EPS(TTM)1.86
EY1.2%
EPS(NY)3.31
Fwd EY2.13%
FCF(TTM)2.19
FCFY1.41%
OCF(TTM)2.39
OCFY1.54%
SpS7.13
BVpS4.45
TBVpS2.6
PEG (NY)N/A
PEG (5Y)4.99
Graham Number13.64
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.86% | ||
| ROE | 41% | ||
| ROCE | 18.03% | ||
| ROIC | 13.53% | ||
| ROICexc | 13.53% | ||
| ROICexgc | 16.14% | ||
| OM | 28.87% | ||
| PM (TTM) | 25.59% | ||
| GM | 63.31% | ||
| FCFM | 30.78% |
ROA(3y)18.56%
ROA(5y)18.98%
ROE(3y)38.89%
ROE(5y)39.58%
ROIC(3y)19.01%
ROIC(5y)19.16%
ROICexc(3y)50.76%
ROICexc(5y)56.52%
ROICexgc(3y)83.24%
ROICexgc(5y)93.74%
ROCE(3y)25.36%
ROCE(5y)25.55%
ROICexgc growth 3Y-21.85%
ROICexgc growth 5Y-0.8%
ROICexc growth 3Y-21.57%
ROICexc growth 5Y1.64%
OM growth 3Y-8.69%
OM growth 5Y4.47%
PM growth 3Y-7.37%
PM growth 5Y5.59%
GM growth 3Y3.01%
GM growth 5Y3.15%
F-Score5
Asset Turnover0.54
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.49 | ||
| Debt/FCF | 3.02 | ||
| Debt/EBITDA | 2.71 | ||
| Cap/Depr | 51.23% | ||
| Cap/Sales | 2.77% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 97.87% | ||
| Profit Quality | 120.27% | ||
| Current Ratio | 5.77 | ||
| Quick Ratio | 5.04 | ||
| Altman-Z | N/A |
F-Score5
WACC10.42%
ROIC/WACC1.3
Cap/Depr(3y)32.86%
Cap/Depr(5y)30.21%
Cap/Sales(3y)1.37%
Cap/Sales(5y)1.16%
Profit Quality(3y)109.4%
Profit Quality(5y)108.79%
High Growth Momentum
Growth
EPS 1Y (TTM)-16.96%
EPS 3Y-12.13%
EPS 5Y16.76%
EPS Q2Q%-45.76%
EPS Next Y-26.09%
EPS Next 2Y19.97%
EPS Next 3Y28.99%
EPS Next 5Y25.72%
Revenue 1Y (TTM)-5.75%
Revenue growth 3Y-6.76%
Revenue growth 5Y11.27%
Sales Q2Q%-15.23%
Revenue Next Year-4.4%
Revenue Next 2Y16.17%
Revenue Next 3Y20.76%
Revenue Next 5Y19.45%
EBIT growth 1Y-20.79%
EBIT growth 3Y-14.86%
EBIT growth 5Y16.25%
EBIT Next Year-3.51%
EBIT Next 3Y34.14%
EBIT Next 5Y27.98%
FCF growth 1Y-24.03%
FCF growth 3Y-11.48%
FCF growth 5Y9.95%
OCF growth 1Y-19.8%
OCF growth 3Y-10.23%
OCF growth 5Y10.85%
BE SEMICONDUCTOR INDUSTRIES / BESI.AS FAQ
Can you provide the ChartMill fundamental rating for BE SEMICONDUCTOR INDUSTRIES?
ChartMill assigns a fundamental rating of 6 / 10 to BESI.AS.
What is the valuation status of BE SEMICONDUCTOR INDUSTRIES (BESI.AS) stock?
ChartMill assigns a valuation rating of 2 / 10 to BE SEMICONDUCTOR INDUSTRIES (BESI.AS). This can be considered as Overvalued.
How profitable is BE SEMICONDUCTOR INDUSTRIES (BESI.AS) stock?
BE SEMICONDUCTOR INDUSTRIES (BESI.AS) has a profitability rating of 8 / 10.
What is the financial health of BE SEMICONDUCTOR INDUSTRIES (BESI.AS) stock?
The financial health rating of BE SEMICONDUCTOR INDUSTRIES (BESI.AS) is 5 / 10.
Can you provide the dividend sustainability for BESI stock?
The dividend rating of BE SEMICONDUCTOR INDUSTRIES (BESI.AS) is 4 / 10 and the dividend payout ratio is 116.89%.