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

AMS:BESI • NL0012866412

Current stock price

216.3 EUR
-1.7 (-0.78%)
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.
  • Each year in the past 5 years BESI has been profitable.
  • Each year in the past 5 years BESI had a positive operating cash flow.
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 of 11.82%. This is in the better half of the industry: BESI outperforms 64.79% of its industry peers.
  • The Return On Equity of BESI (31.61%) is better than 81.69% of its industry peers.
  • BESI's Return On Invested Capital of 13.53% is fine compared to the rest of the industry. BESI outperforms 67.61% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for BESI is in line with the industry average of 14.74%.
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

  • The Profit Margin of BESI (22.26%) is better than 67.61% of its industry peers.
  • BESI's Profit Margin has declined in the last couple of years.
  • Looking at the Operating Margin, with a value of 29.27%, BESI is in the better half of the industry, outperforming 70.42% of the companies in the same industry.
  • BESI's Operating Margin has declined in the last couple of years.
  • The Gross Margin of BESI (63.29%) is better than 90.14% 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

  • BESI has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • Compared to 1 year ago, BESI has about the same amount of shares outstanding.
  • BESI has more shares outstanding than it did 5 years ago.
  • The debt/assets ratio for BESI is higher compared to a year ago.
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

  • An Altman-Z score of 17.37 indicates that BESI is not in any danger for bankruptcy at the moment.
  • With an excellent Altman-Z score value of 17.37, BESI belongs to the best of the industry, outperforming 80.28% of the companies in the same industry.
  • BESI has a debt to FCF ratio of 3.82. This is a good value and a sign of high solvency as BESI would need 3.82 years to pay back of all of its debts.
  • BESI has a Debt to FCF ratio (3.82) which is in line with its industry peers.
  • BESI has a Debt/Equity ratio of 1.24. This is a high value indicating a heavy dependency on external financing.
  • Looking at the Debt to Equity ratio, with a value of 1.24, BESI is doing worse than 95.77% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.24
Debt/FCF 3.82
Altman-Z 17.37
ROIC/WACC1.21
WACC11.21%
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 91.55% of its industry peers.
  • BESI has a Quick Ratio of 4.88. This indicates that BESI is financially healthy and has no problem in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 4.88, BESI belongs to the top of the industry, outperforming 97.18% of the companies in the same industry.
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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5

3. BESI.AS Growth Analysis

3.1 Past

  • BESI shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -27.83%.
  • BESI shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -0.12% yearly.
  • The Revenue has decreased by -2.66% in the past year.
  • 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)-27.83%
EPS 3Y-16.97%
EPS 5Y-0.12%
EPS Q2Q%-27.03%
Revenue 1Y (TTM)-2.66%
Revenue growth 3Y-6.48%
Revenue growth 5Y6.4%
Sales Q2Q%8.44%

3.2 Future

  • BESI is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 39.79% yearly.
  • BESI is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 24.20% yearly.
EPS Next Y114.7%
EPS Next 2Y78.17%
EPS Next 3Y59.05%
EPS Next 5Y39.79%
Revenue Next Year45.24%
Revenue Next 2Y38.29%
Revenue Next 3Y31.87%
Revenue Next 5Y24.2%

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.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
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

  • Based on the Price/Earnings ratio of 130.30, the valuation of BESI can be described as expensive.
  • BESI's Price/Earnings ratio is rather expensive when compared to the industry. BESI is more expensive than 88.73% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 27.33, BESI is valued quite expensively.
  • With a Price/Forward Earnings ratio of 60.69, BESI can be considered very expensive at the moment.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of BESI indicates a rather expensive valuation: BESI more expensive than 80.28% of the companies listed in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 38.16. BESI is valued rather expensively when compared to this.
Industry RankSector Rank
PE 130.3
Fwd PE 60.69
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 90.14% of the companies in the same industry.
  • BESI's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. BESI is more expensive than 70.42% of the companies in the same industry.
Industry RankSector Rank
P/FCF 128.73
EV/EBITDA 83.27
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.
  • BESI has a very decent profitability rating, which 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)1.14
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

  • With a yearly dividend of 0.77%, BESI is not a good candidate for dividend investing.
  • BESI's Dividend Yield is a higher than the industry average which is at 0.65.
  • Compared to an average S&P500 Dividend Yield of 1.82, BESI's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.77%

5.2 History

  • On average, the dividend of BESI grows each year by 16.56%, which is quite nice.
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

  • BESI pays out 131.27% of its income as dividend. 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 (4/15/2026, 4:27:12 PM)

216.3

-1.7 (-0.78%)

Chartmill FA Rating
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)02-19
Earnings (Next)04-23
Inst Owners64.7%
Inst Owner ChangeN/A
Ins Owners1.84%
Ins Owner ChangeN/A
Market Cap17.55B
Revenue(TTM)591.33M
Net Income(TTM)131.64M
Analysts73.79
Price Target188.12 (-13.03%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.77%
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)-1.1%
PT rev (3m)23.53%
EPS NQ rev (1m)0%
EPS NQ rev (3m)21.88%
EPS NY rev (1m)-0.04%
EPS NY rev (3m)7.66%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)11.69%
Revenue NY rev (1m)-0.21%
Revenue NY rev (3m)3.3%
Valuation
Industry RankSector Rank
PE 130.3
Fwd PE 60.69
P/S 29.68
P/FCF 128.73
P/OCF 98.53
P/B 42.15
P/tB 65.73
EV/EBITDA 83.27
EPS(TTM)1.66
EY0.77%
EPS(NY)3.56
Fwd EY1.65%
FCF(TTM)1.68
FCFY0.78%
OCF(TTM)2.2
OCFY1.01%
SpS7.29
BVpS5.13
TBVpS3.29
PEG (NY)1.14
PEG (5Y)N/A
Graham Number13.8438 (-93.6%)
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 17.37
F-Score5
WACC11.21%
ROIC/WACC1.21
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)-27.83%
EPS 3Y-16.97%
EPS 5Y-0.12%
EPS Q2Q%-27.03%
EPS Next Y114.7%
EPS Next 2Y78.17%
EPS Next 3Y59.05%
EPS Next 5Y39.79%
Revenue 1Y (TTM)-2.66%
Revenue growth 3Y-6.48%
Revenue growth 5Y6.4%
Sales Q2Q%8.44%
Revenue Next Year45.24%
Revenue Next 2Y38.29%
Revenue Next 3Y31.87%
Revenue Next 5Y24.2%
EBIT growth 1Y-11.58%
EBIT growth 3Y-16.16%
EBIT growth 5Y2.95%
EBIT Next Year115.4%
EBIT Next 3Y56.61%
EBIT Next 5Y36.92%
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 130.3 and the Price/Book (PB) ratio is 42.15.


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.