BE SEMICONDUCTOR INDUSTRIES (BESI.AS) Stock Fundamental Analysis
AMS:BESI - Euronext Amsterdam - NL0012866412 - Common Stock - Currency: EUR
We assign a fundamental rating of 7 out of 10 to BESI. BESI was compared to 51 industry peers in the Semiconductors & Semiconductor Equipment industry. BESI scores excellent on profitability, but there are some minor concerns on its financial health. BESI is valued quite expensively, but it does show have an excellent growth rating. This makes BESI very considerable for growth investing!
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.
In the past 5 years BESI has always been profitable.
Each year in the past 5 years BESI had a positive operating cash flow.
1.2 Ratios
BESI has a better Return On Assets (14.74%) than 78.43% of its industry peers.
BESI's Return On Equity of 36.31% is amongst the best of the industry. BESI outperforms 86.27% of its industry peers.
Looking at the Return On Invested Capital, with a value of 13.73%, BESI is in the better half of the industry, outperforming 68.63% 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 15.12%.
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 92.16% of the companies in the same industry.
In the last couple of years the Profit Margin of BESI has grown nicely.
Looking at the Operating Margin, with a value of 32.20%, BESI belongs to the top of the industry, outperforming 84.31% of the companies in the same industry.
In the last couple of years the Operating Margin of BESI has grown nicely.
BESI has a better Gross Margin (65.18%) than 88.24% of its industry peers.
BESI's Gross Margin has improved in the last couple of years.
| 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 just above the Cost of Capital (WACC), which means it is creating some value.
BESI has more shares outstanding than it did 1 year ago.
BESI has more shares outstanding than it did 5 years ago.
BESI has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 10.59 indicates that BESI is not in any danger for bankruptcy at the moment.
BESI's Altman-Z score of 10.59 is fine compared to the rest of the industry. BESI outperforms 78.43% 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.
With a Debt to FCF ratio value of 2.88, BESI perfoms like the industry average, outperforming 50.98% of the companies in the same industry.
A Debt/Equity ratio of 1.07 is on the high side and indicates that BESI has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 1.07, BESI is doing worse than 90.20% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.07 | ||
| Debt/FCF | 2.88 | ||
| Altman-Z | 10.59 |
ROIC/WACC1.3
WACC10.6%
2.3 Liquidity
A Current Ratio of 5.98 indicates that BESI has no problem at all paying its short term obligations.
BESI's Current ratio of 5.98 is amongst the best of the industry. BESI outperforms 98.04% of its industry peers.
BESI has a Quick Ratio of 5.36. This indicates that BESI is financially healthy and has no problem in meeting its short term obligations.
With an excellent Quick ratio value of 5.36, BESI belongs to the best of the industry, outperforming 98.04% of the companies in the same industry.
| 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 1.35%.
The Earnings Per Share has been growing by 16.76% on average over the past years. This is quite good.
BESI shows a small growth in Revenue. In the last year, the Revenue has grown by 2.29%.
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)1.35%
EPS 3Y-12.13%
EPS 5Y16.76%
EPS Q2Q%-9.09%
Revenue 1Y (TTM)2.29%
Revenue growth 3Y-6.76%
Revenue growth 5Y11.27%
Sales Q2Q%-1.48%
3.2 Future
The Earnings Per Share is expected to grow by 24.29% on average over the next years. This is a very strong growth
Based on estimates for the next years, BESI will show a very strong growth in Revenue. The Revenue will grow by 20.54% on average per year.
EPS Next Y20.53%
EPS Next 2Y38%
EPS Next 3Y32.81%
EPS Next 5Y24.29%
Revenue Next Year4.29%
Revenue Next 2Y20.08%
Revenue Next 3Y20.43%
Revenue Next 5Y20.54%
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.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 56.26, BESI can be considered very expensive at the moment.
Based on the Price/Earnings ratio, BESI is valued more expensive than 86.27% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.30, BESI is valued quite expensively.
With a Price/Forward Earnings ratio of 29.03, BESI can be considered very expensive at the moment.
Based on the Price/Forward Earnings ratio, BESI is valued a bit more expensive than the industry average as 72.55% of the companies are valued more cheaply.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.76, BESI is valued a bit more expensive.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 56.26 | ||
| Fwd PE | 29.03 |
4.2 Price Multiples
BESI's Enterprise Value to EBITDA ratio is rather expensive when compared to the industry. BESI is more expensive than 80.39% of the companies in the same industry.
The rest of the industry has a similar Price/Free Cash Flow ratio as BESI.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 54.58 | ||
| EV/EBITDA | 42.8 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive 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 32.80% in the coming years.
PEG (NY)2.74
PEG (5Y)3.36
EPS Next 2Y38%
EPS Next 3Y32.81%
5. Dividend
5.1 Amount
BESI has a Yearly Dividend Yield of 1.79%. 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 1.12. BESI pays more dividend than 88.24% of the companies in the same industry.
Compared to the average S&P500 Dividend Yield of 2.37, BESI is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.79% |
5.2 History
The dividend of BESI has a limited annual growth rate of 5.49%.
Dividend Growth(5Y)5.49%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
94.25% 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.
DP94.25%
EPS Next 2Y38%
EPS Next 3Y32.81%
AMS:BESI (7/11/2025, 7:00:00 PM)
127.15
-0.25 (-0.2%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners71.93%
Inst Owner ChangeN/A
Ins Owners1.84%
Ins Owner ChangeN/A
Market Cap10.32B
Analysts77.86
Price Target134.64 (5.89%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.79% |
Yearly Dividend2.19
Dividend Growth(5Y)5.49%
DP94.25%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)13.6%
Min EPS beat(2)3.37%
Max EPS beat(2)23.83%
EPS beat(4)3
Avg EPS beat(4)4.05%
Min EPS beat(4)-11.94%
Max EPS beat(4)23.83%
EPS beat(8)7
Avg EPS beat(8)6.87%
EPS beat(12)9
Avg EPS beat(12)4%
EPS beat(16)10
Avg EPS beat(16)3.41%
Revenue beat(2)0
Avg Revenue beat(2)-4.11%
Min Revenue beat(2)-7.83%
Max Revenue beat(2)-0.38%
Revenue beat(4)0
Avg Revenue beat(4)-3.85%
Min Revenue beat(4)-7.83%
Max Revenue beat(4)-0.38%
Revenue beat(8)2
Avg Revenue beat(8)-1.91%
Revenue beat(12)4
Avg Revenue beat(12)-1.74%
Revenue beat(16)5
Avg Revenue beat(16)-1.53%
PT rev (1m)3.79%
PT rev (3m)-6.96%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-6.35%
EPS NY rev (1m)0%
EPS NY rev (3m)-4.15%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.69%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-13.25%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 56.26 | ||
| Fwd PE | 29.03 | ||
| P/S | 16.99 | ||
| P/FCF | 54.58 | ||
| P/OCF | 51.31 | ||
| P/B | 20.58 | ||
| P/tB | 28.78 | ||
| EV/EBITDA | 42.8 |
EPS(TTM)2.26
EY1.78%
EPS(NY)4.38
Fwd EY3.44%
FCF(TTM)2.33
FCFY1.83%
OCF(TTM)2.48
OCFY1.95%
SpS7.49
BVpS6.18
TBVpS4.42
PEG (NY)2.74
PEG (5Y)3.36
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 | 10.59 |
F-Score6
WACC10.6%
ROIC/WACC1.3
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)1.35%
EPS 3Y-12.13%
EPS 5Y16.76%
EPS Q2Q%-9.09%
EPS Next Y20.53%
EPS Next 2Y38%
EPS Next 3Y32.81%
EPS Next 5Y24.29%
Revenue 1Y (TTM)2.29%
Revenue growth 3Y-6.76%
Revenue growth 5Y11.27%
Sales Q2Q%-1.48%
Revenue Next Year4.29%
Revenue Next 2Y20.08%
Revenue Next 3Y20.43%
Revenue Next 5Y20.54%
EBIT growth 1Y-8.34%
EBIT growth 3Y-14.92%
EBIT growth 5Y16.2%
EBIT Next Year15.49%
EBIT Next 3Y33.42%
EBIT Next 5Y27.43%
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%