BE SEMICONDUCTOR INDUSTRIES (BESI.AS) Stock Fundamental Analysis
AMS:BESI - Euronext Amsterdam - NL0012866412 - Common Stock - Currency: EUR
BESI gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 58 industry peers in the Semiconductors & Semiconductor Equipment industry. BESI gets an excellent profitability rating and is at the same time showing great financial health properties. BESI is valued quite expensively, but it does show have an excellent growth rating. With these ratings, BESI could be worth investigating further for growth and quality investing!.
1. Profitability
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.
BESI had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 14.74%, BESI is in the better half of the industry, outperforming 68.97% of the companies in the same industry.
The Return On Equity of BESI (36.31%) is better than 81.03% of its industry peers.
BESI has a Return On Invested Capital (13.73%) which is in line with its industry peers.
BESI had an Average Return On Invested Capital over the past 3 years of 19.02%. This is above the industry average of 16.14%.
The 3 year average ROIC (19.02%) for BESI is well above the current ROIC(13.73%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 14.74% | ||
| ROE | 36.31% | ||
| ROIC | 13.73% |
ROA(3y)18.56%
ROA(5y)18.98%
ROE(3y)38.87%
ROE(5y)39.57%
ROIC(3y)19.02%
ROIC(5y)19.17%
1.3 Margins
With an excellent Profit Margin value of 29.96%, BESI belongs to the best of the industry, outperforming 93.10% of the companies in the same industry.
BESI's Profit Margin has improved in the last couple of years.
BESI has a better Operating Margin (32.20%) than 84.48% of its industry peers.
BESI's Operating Margin has improved in the last couple of years.
BESI has a better Gross Margin (65.18%) than 93.10% of its industry peers.
In the last couple of years the Gross Margin of BESI has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 32.2% | ||
| PM (TTM) | 29.96% | ||
| GM | 65.18% |
OM growth 3Y-8.76%
OM growth 5Y4.43%
PM growth 3Y-7.37%
PM growth 5Y5.59%
GM growth 3Y3.01%
GM growth 5Y3.15%
2. Health
2.1 Basic Checks
BESI has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
Compared to 1 year ago, BESI has more shares outstanding
Compared to 5 years ago, BESI has more shares outstanding
The debt/assets ratio for BESI is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 8.85 indicates that BESI is not in any danger for bankruptcy at the moment.
BESI's Altman-Z score of 8.85 is amongst the best of the industry. BESI outperforms 82.76% of its industry peers.
BESI has a debt to FCF ratio of 2.88. This is a good value and a sign of high solvency as BESI would need 2.88 years to pay back of all of its debts.
BESI has a Debt to FCF ratio of 2.88. This is in the better half of the industry: BESI outperforms 60.34% of its industry peers.
BESI has a Debt/Equity ratio of 1.07. This is a high value indicating a heavy dependency on external financing.
BESI has a Debt to Equity ratio of 1.07. This is amonst the worse of the industry: BESI underperforms 86.21% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.07 | ||
| Debt/FCF | 2.88 | ||
| Altman-Z | 8.85 |
ROIC/WACC1.34
WACC10.28%
2.3 Liquidity
BESI has a Current Ratio of 5.98. This indicates that BESI is financially healthy and has no problem in meeting its short term obligations.
BESI has a better Current ratio (5.98) than 98.28% of its industry peers.
A Quick Ratio of 5.36 indicates that BESI has no problem at all paying its short term obligations.
BESI's Quick ratio of 5.36 is amongst the best of the industry. BESI outperforms 98.28% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 5.98 | ||
| Quick Ratio | 5.36 |
3. Growth
3.1 Past
BESI shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 3.88%.
Measured over the past years, BESI shows a quite strong growth in Earnings Per Share. The EPS has been growing by 16.92% on average per year.
The Revenue has been growing slightly by 4.94% in the past year.
The Revenue has been growing by 11.27% on average over the past years. This is quite good.
EPS 1Y (TTM)3.88%
EPS 3Y-11.92%
EPS 5Y16.92%
EPS Q2Q%11.25%
Revenue 1Y (TTM)4.94%
Revenue growth 3Y-6.76%
Revenue growth 5Y11.27%
Sales Q2Q%-1.83%
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 28.67% on average per year.
BESI is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 23.41% yearly.
EPS Next Y50.12%
EPS Next 2Y48.14%
EPS Next 3Y42.9%
EPS Next 5Y28.67%
Revenue Next Year20.22%
Revenue Next 2Y27.88%
Revenue Next 3Y24.87%
Revenue Next 5Y23.41%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 43.60, BESI can be considered very expensive at the moment.
Based on the Price/Earnings ratio, BESI is valued expensively inside the industry as 84.48% of the companies are valued cheaper.
Compared to an average S&P500 Price/Earnings ratio of 29.35, BESI is valued a bit more expensive.
The Price/Forward Earnings ratio is 29.09, which means the current valuation is very expensive for BESI.
74.14% of the companies in the same industry are cheaper than BESI, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of BESI to the average of the S&P500 Index (22.10), we can say BESI is valued slightly more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 43.6 | ||
| Fwd PE | 29.09 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BESI indicates a rather expensive valuation: BESI more expensive than 81.03% of the companies listed in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of BESI is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 43.42 | ||
| EV/EBITDA | 33.3 |
4.3 Compensation for Growth
BESI's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
BESI has an outstanding profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as BESI's earnings are expected to grow with 42.90% in the coming years.
PEG (NY)0.87
PEG (5Y)2.58
EPS Next 2Y48.14%
EPS Next 3Y42.9%
5. Dividend
5.1 Amount
BESI has a Yearly Dividend Yield of 2.16%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 1.50, BESI pays a better dividend. On top of this BESI pays more dividend than 82.76% of the companies listed in the same industry.
BESI's Dividend Yield is comparable with the S&P500 average which is at 2.33.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.16% |
5.2 History
The dividend of BESI has a limited annual growth rate of 5.49%.
Dividend Growth(5Y)5.49%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
BESI pays out 94.25% 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.
DP94.25%
EPS Next 2Y48.14%
EPS Next 3Y42.9%
AMS:BESI (3/7/2025, 7:00:00 PM)
101.15
+0.1 (+0.1%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners71.84%
Inst Owner ChangeN/A
Ins Owners1.66%
Ins Owner ChangeN/A
Market Cap8.21B
Analysts75.56
Price Target145.67 (44.01%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.16% |
Yearly Dividend2.19
Dividend Growth(5Y)5.49%
DP94.25%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)13.97%
Min EPS beat(2)3.37%
Max EPS beat(2)24.57%
EPS beat(4)3
Avg EPS beat(4)4.24%
Min EPS beat(4)-11.94%
Max EPS beat(4)24.57%
EPS beat(8)7
Avg EPS beat(8)6.96%
EPS beat(12)9
Avg EPS beat(12)4.07%
EPS beat(16)10
Avg EPS beat(16)3.45%
Revenue beat(2)0
Avg Revenue beat(2)-3.49%
Min Revenue beat(2)-6.59%
Max Revenue beat(2)-0.38%
Revenue beat(4)0
Avg Revenue beat(4)-3.54%
Min Revenue beat(4)-6.59%
Max Revenue beat(4)-0.38%
Revenue beat(8)2
Avg Revenue beat(8)-1.75%
Revenue beat(12)4
Avg Revenue beat(12)-1.64%
Revenue beat(16)5
Avg Revenue beat(16)-1.45%
PT rev (1m)-2.9%
PT rev (3m)6.52%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-2.94%
EPS NY rev (1m)-4.8%
EPS NY rev (3m)-6.62%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.76%
Revenue NY rev (1m)-12.96%
Revenue NY rev (3m)-13.62%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 43.6 | ||
| Fwd PE | 29.09 | ||
| P/S | 13.51 | ||
| P/FCF | 43.42 | ||
| P/OCF | 40.82 | ||
| P/B | 16.38 | ||
| P/tB | 22.89 | ||
| EV/EBITDA | 33.3 |
EPS(TTM)2.32
EY2.29%
EPS(NY)3.48
Fwd EY3.44%
FCF(TTM)2.33
FCFY2.3%
OCF(TTM)2.48
OCFY2.45%
SpS7.49
BVpS6.18
TBVpS4.42
PEG (NY)0.87
PEG (5Y)2.58
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 14.74% | ||
| ROE | 36.31% | ||
| ROCE | 18.32% | ||
| ROIC | 13.73% | ||
| ROICexc | 37.05% | ||
| ROICexgc | 57.92% | ||
| OM | 32.2% | ||
| PM (TTM) | 29.96% | ||
| GM | 65.18% | ||
| FCFM | 31.12% |
ROA(3y)18.56%
ROA(5y)18.98%
ROE(3y)38.87%
ROE(5y)39.57%
ROIC(3y)19.02%
ROIC(5y)19.17%
ROICexc(3y)50.78%
ROICexc(5y)56.53%
ROICexgc(3y)83.27%
ROICexgc(5y)93.76%
ROCE(3y)25.37%
ROCE(5y)25.56%
ROICexcg growth 3Y-21.99%
ROICexcg growth 5Y-0.91%
ROICexc growth 3Y-21.66%
ROICexc growth 5Y1.58%
OM growth 3Y-8.76%
OM growth 5Y4.43%
PM growth 3Y-7.37%
PM growth 5Y5.59%
GM growth 3Y3.01%
GM growth 5Y3.15%
F-Score6
Asset Turnover0.49
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.07 | ||
| Debt/FCF | 2.88 | ||
| Debt/EBITDA | 2.4 | ||
| Cap/Depr | 42.09% | ||
| Cap/Sales | 1.98% | ||
| Interest Coverage | 45.9 | ||
| Cash Conversion | 89.69% | ||
| Profit Quality | 103.88% | ||
| Current Ratio | 5.98 | ||
| Quick Ratio | 5.36 | ||
| Altman-Z | 8.85 |
F-Score6
WACC10.28%
ROIC/WACC1.34
Cap/Depr(3y)32.8%
Cap/Depr(5y)30.17%
Cap/Sales(3y)1.37%
Cap/Sales(5y)1.16%
Profit Quality(3y)109.31%
Profit Quality(5y)108.74%
High Growth Momentum
Growth
EPS 1Y (TTM)3.88%
EPS 3Y-11.92%
EPS 5Y16.92%
EPS Q2Q%11.25%
EPS Next Y50.12%
EPS Next 2Y48.14%
EPS Next 3Y42.9%
EPS Next 5Y28.67%
Revenue 1Y (TTM)4.94%
Revenue growth 3Y-6.76%
Revenue growth 5Y11.27%
Sales Q2Q%-1.83%
Revenue Next Year20.22%
Revenue Next 2Y27.88%
Revenue Next 3Y24.87%
Revenue Next 5Y23.41%
EBIT growth 1Y-8.34%
EBIT growth 3Y-14.92%
EBIT growth 5Y16.2%
EBIT Next Year76.76%
EBIT Next 3Y44.42%
EBIT Next 5Y32.35%
FCF growth 1Y-6.26%
FCF growth 3Y-11.48%
FCF growth 5Y9.96%
OCF growth 1Y-3.59%
OCF growth 3Y-10.22%
OCF growth 5Y10.86%