BE SEMICONDUCTOR INDUSTRIES (BESI.AS) Stock Fundamental Analysis
AMS:BESI - Euronext Amsterdam - NL0012866412 - Common Stock - Currency: EUR
Overall BESI gets a fundamental rating of 6 out of 10. We evaluated BESI against 56 industry peers in the Semiconductors & Semiconductor Equipment industry. While BESI has a great profitability rating, 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
In the past year BESI was profitable.
In the past year BESI had a positive cash flow from operations.
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
BESI's Return On Assets of 15.23% is fine compared to the rest of the industry. BESI outperforms 71.43% of its industry peers.
BESI has a Return On Equity of 38.16%. This is amongst the best in the industry. BESI outperforms 83.93% of its industry peers.
Looking at the Return On Invested Capital, with a value of 17.74%, BESI is in the better half of the industry, outperforming 73.21% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for BESI is significantly above the industry average of 16.97%.
The last Return On Invested Capital (17.74%) for BESI is well below the 3 year average (26.17%), which needs to be investigated, but indicates that BESI had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 15.23% | ||
| ROE | 38.16% | ||
| ROIC | 17.74% |
ROA(3y)21.88%
ROA(5y)18.36%
ROE(3y)41.97%
ROE(5y)37.76%
ROIC(3y)26.17%
ROIC(5y)21.51%
1.3 Margins
With an excellent Profit Margin value of 28.94%, BESI belongs to the best of the industry, outperforming 87.50% 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 (34.40%) than 92.86% of its industry peers.
BESI's Operating Margin has improved in the last couple of years.
With an excellent Gross Margin value of 65.46%, BESI belongs to the best of the industry, outperforming 91.07% of the companies in the same industry.
BESI's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 34.4% | ||
| PM (TTM) | 28.94% | ||
| GM | 65.46% |
OM growth 3Y2.17%
OM growth 5Y2.15%
PM growth 3Y0.1%
PM growth 5Y3.35%
GM growth 3Y2.87%
GM growth 5Y2.67%
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.
BESI has less shares outstanding than it did 1 year ago.
The number of shares outstanding for BESI has been increased compared to 5 years ago.
Compared to 1 year ago, BESI has a worse debt to assets ratio.
2.2 Solvency
The Debt to FCF ratio of BESI is 3.03, which is a good value as it means it would take BESI, 3.03 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 3.03, BESI is in line with its industry, outperforming 58.93% of the companies in the same industry.
BESI has a Debt/Equity ratio of 1.15. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 1.15, BESI is doing worse than 87.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.15 | ||
| Debt/FCF | 3.03 | ||
| Altman-Z | N/A |
ROIC/WACC1.52
WACC11.64%
2.3 Liquidity
BESI has a Current Ratio of 6.87. This indicates that BESI is financially healthy and has no problem in meeting its short term obligations.
BESI's Current ratio of 6.87 is amongst the best of the industry. BESI outperforms 98.21% of its industry peers.
BESI has a Quick Ratio of 6.12. This indicates that BESI is financially healthy and has no problem in meeting its short term obligations.
With an excellent Quick ratio value of 6.12, BESI belongs to the best of the industry, outperforming 98.21% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 6.87 | ||
| Quick Ratio | 6.12 |
3. Growth
3.1 Past
BESI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 9.27%, which is quite good.
The Earnings Per Share has been growing slightly by 5.64% on average over the past years.
BESI shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 10.19%.
The Revenue has been growing slightly by 1.96% on average over the past years.
EPS 1Y (TTM)9.27%
EPS 3Y10.12%
EPS 5Y5.64%
EPS Q2Q%31.11%
Revenue 1Y (TTM)10.19%
Revenue growth 3Y10.11%
Revenue growth 5Y1.96%
Sales Q2Q%26.96%
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 27.45% on average per year.
The Revenue is expected to grow by 21.49% on average over the next years. This is a very strong growth
EPS Next Y1.77%
EPS Next 2Y27.99%
EPS Next 3Y33.45%
EPS Next 5Y27.45%
Revenue Next Year9.06%
Revenue Next 2Y22.36%
Revenue Next 3Y25.52%
Revenue Next 5Y21.49%
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
A Price/Earnings ratio of 53.48 indicates a quite expensive valuation of BESI.
Based on the Price/Earnings ratio, BESI is valued more expensive than 82.14% of the companies in the same industry.
BESI's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 28.58.
With a Price/Forward Earnings ratio of 32.79, 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 73.21% of the companies are valued more cheaply.
BESI is valuated cheaply when we compare the Price/Forward Earnings ratio to 95.03, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 53.48 | ||
| Fwd PE | 32.79 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BESI is valued a bit more expensive than 73.21% of the companies in the same industry.
BESI's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 54.59 | ||
| EV/EBITDA | 39.14 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates BESI does not grow enough to justify the current Price/Earnings ratio.
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 33.45% in the coming years.
PEG (NY)30.27
PEG (5Y)9.48
EPS Next 2Y27.99%
EPS Next 3Y33.45%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.75%, BESI has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 1.49, BESI pays a better dividend. On top of this BESI pays more dividend than 82.14% of the companies listed in the same industry.
Compared to the average S&P500 Dividend Yield of 2.28, BESI is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.75% |
5.2 History
The dividend of BESI has a limited annual growth rate of 3.98%.
Dividend Growth(5Y)3.98%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
96.59% 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.
DP96.59%
EPS Next 2Y27.99%
EPS Next 3Y33.45%
BE SEMICONDUCTOR INDUSTRIES
AMS:BESI (2/5/2025, 5:35:30 PM)
119.8
-0.7 (-0.58%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners76.07%
Inst Owner ChangeN/A
Ins Owners1.66%
Ins Owner ChangeN/A
Market Cap9.72B
Analysts76.92
Price Target150.02 (25.23%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.75% |
Yearly Dividend2.86
Dividend Growth(5Y)3.98%
DP96.59%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)2.16%
Min EPS beat(2)0.94%
Max EPS beat(2)3.37%
EPS beat(4)3
Avg EPS beat(4)1.03%
Min EPS beat(4)-11.94%
Max EPS beat(4)11.73%
EPS beat(8)7
Avg EPS beat(8)4.34%
EPS beat(12)8
Avg EPS beat(12)1.83%
EPS beat(16)10
Avg EPS beat(16)4.2%
Revenue beat(2)0
Avg Revenue beat(2)-1.61%
Min Revenue beat(2)-2.84%
Max Revenue beat(2)-0.38%
Revenue beat(4)1
Avg Revenue beat(4)-0.64%
Min Revenue beat(4)-4.34%
Max Revenue beat(4)4.99%
Revenue beat(8)3
Avg Revenue beat(8)-0.78%
Revenue beat(12)4
Avg Revenue beat(12)-1.48%
Revenue beat(16)6
Avg Revenue beat(16)-0.91%
PT rev (1m)7.72%
PT rev (3m)3.42%
EPS NQ rev (1m)1.93%
EPS NQ rev (3m)-15.38%
EPS NY rev (1m)0.33%
EPS NY rev (3m)-7.32%
Revenue NQ rev (1m)0.48%
Revenue NQ rev (3m)-5.03%
Revenue NY rev (1m)-0.16%
Revenue NY rev (3m)-4.12%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 53.48 | ||
| Fwd PE | 32.79 | ||
| P/S | 15.84 | ||
| P/FCF | 54.59 | ||
| P/OCF | 51.03 | ||
| P/B | 20.89 | ||
| P/tB | 29.89 | ||
| EV/EBITDA | 39.14 |
EPS(TTM)2.24
EY1.87%
EPS(NY)3.65
Fwd EY3.05%
FCF(TTM)2.19
FCFY1.83%
OCF(TTM)2.35
OCFY1.96%
SpS7.56
BVpS5.74
TBVpS4.01
PEG (NY)30.27
PEG (5Y)9.48
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 15.23% | ||
| ROE | 38.16% | ||
| ROCE | 20.56% | ||
| ROIC | 17.74% | ||
| ROICexc | 46.77% | ||
| ROICexgc | 73.05% | ||
| OM | 34.4% | ||
| PM (TTM) | 28.94% | ||
| GM | 65.46% | ||
| FCFM | 29.02% |
ROA(3y)21.88%
ROA(5y)18.36%
ROE(3y)41.97%
ROE(5y)37.76%
ROIC(3y)26.17%
ROIC(5y)21.51%
ROICexc(3y)73.78%
ROICexc(5y)64.41%
ROICexgc(3y)120.41%
ROICexgc(5y)108.52%
ROCE(3y)30.33%
ROCE(5y)24.92%
ROICexcg growth 3Y-7.25%
ROICexcg growth 5Y-0.39%
ROICexc growth 3Y-4.58%
ROICexc growth 5Y-2.48%
OM growth 3Y2.17%
OM growth 5Y2.15%
PM growth 3Y0.1%
PM growth 5Y3.35%
GM growth 3Y2.87%
GM growth 5Y2.67%
F-Score6
Asset Turnover0.53
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.15 | ||
| Debt/FCF | 3.03 | ||
| Debt/EBITDA | 2.25 | ||
| Cap/Depr | 44.73% | ||
| Cap/Sales | 2.02% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 79.74% | ||
| Profit Quality | 100.28% | ||
| Current Ratio | 6.87 | ||
| Quick Ratio | 6.12 | ||
| Altman-Z | N/A |
F-Score6
WACC11.64%
ROIC/WACC1.52
Cap/Depr(3y)28.93%
Cap/Depr(5y)24.29%
Cap/Sales(3y)0.95%
Cap/Sales(5y)0.91%
Profit Quality(3y)106.85%
Profit Quality(5y)116.89%
High Growth Momentum
Growth
EPS 1Y (TTM)9.27%
EPS 3Y10.12%
EPS 5Y5.64%
EPS Q2Q%31.11%
EPS Next Y1.77%
EPS Next 2Y27.99%
EPS Next 3Y33.45%
EPS Next 5Y27.45%
Revenue 1Y (TTM)10.19%
Revenue growth 3Y10.11%
Revenue growth 5Y1.96%
Sales Q2Q%26.96%
Revenue Next Year9.06%
Revenue Next 2Y22.36%
Revenue Next 3Y25.52%
Revenue Next 5Y21.49%
EBIT growth 1Y7.74%
EBIT growth 3Y12.5%
EBIT growth 5Y4.16%
EBIT Next Year14.58%
EBIT Next 3Y36.36%
EBIT Next 5Y27.18%
FCF growth 1Y-36.66%
FCF growth 3Y8.53%
FCF growth 5Y2.58%
OCF growth 1Y-33.64%
OCF growth 3Y8.78%
OCF growth 5Y2.53%