BE SEMICONDUCTOR INDUSTRIES (BESI.AS)
NL0012866412 - Common Stock
Overall BESI gets a fundamental rating of 6 out of 10. We evaluated BESI against 53 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 valued quite expensive, but it does show an excellent growth. These ratings would make BESI suitable 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.
Each year in the past 5 years BESI had a positive operating cash flow.
1.2 Ratios
With a decent Return On Assets value of 15.23%, BESI is doing good in the industry, outperforming 71.70% of the companies in the same industry.
With an excellent Return On Equity value of 38.16%, BESI belongs to the best of the industry, outperforming 83.02% of the companies in the same industry.
BESI has a better Return On Invested Capital (17.74%) than 75.47% of its industry peers.
The Average Return On Invested Capital over the past 3 years for BESI is significantly above the industry average of 16.54%.
The 3 year average ROIC (26.17%) for BESI is well above the current ROIC(17.74%). The reason for the recent decline needs to be investigated.
| 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
The Profit Margin of BESI (28.94%) is better than 84.91% of its industry peers.
BESI's Profit Margin has improved in the last couple of years.
The Operating Margin of BESI (34.40%) is better than 88.68% of its industry peers.
BESI's Operating Margin has improved in the last couple of years.
BESI's Gross Margin of 65.46% is amongst the best of the industry. BESI outperforms 88.68% of its industry peers.
In the last couple of years the Gross Margin of BESI has grown nicely.
| 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
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), BESI 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.
The debt/assets ratio for BESI is higher compared to a year ago.
2.2 Solvency
The Debt to FCF ratio of BESI is 3.03, 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.
BESI has a Debt to FCF ratio (3.03) which is comparable to the rest of the 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 88.68% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.15 | ||
| Debt/FCF | 3.03 | ||
| Altman-Z | N/A |
ROIC/WACC1.48
WACC12.02%
2.3 Liquidity
A Current Ratio of 6.87 indicates that BESI has no problem at all paying its short term obligations.
BESI's Current ratio of 6.87 is amongst the best of the industry. BESI outperforms 96.23% of its industry peers.
A Quick Ratio of 6.12 indicates that BESI has no problem at all paying its short term obligations.
BESI has a Quick ratio of 6.12. This is amongst the best in the industry. BESI outperforms 96.23% of its industry peers.
| 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.
BESI shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 5.64% yearly.
Looking at the last year, BESI shows a quite strong growth in Revenue. The Revenue has grown by 10.19% in the last year.
BESI shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.96% yearly.
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 27.35% on average per year.
The Revenue is expected to grow by 21.39% on average over the next years. This is a very strong growth
EPS Next Y1.44%
EPS Next 2Y29.23%
EPS Next 3Y34.71%
EPS Next 5Y27.35%
Revenue Next Year9.23%
Revenue Next 2Y22.83%
Revenue Next 3Y26.46%
Revenue Next 5Y21.39%
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 58.30 indicates a quite expensive valuation of BESI.
Based on the Price/Earnings ratio, BESI is valued a bit more expensive than the industry average as 77.36% of the companies are valued more cheaply.
BESI is valuated expensively when we compare the Price/Earnings ratio to 27.73, which is the current average of the S&P500 Index.
BESI is valuated quite expensively with a Price/Forward Earnings ratio of 35.07.
Compared to the rest of the industry, the Price/Forward Earnings ratio of BESI indicates a slightly more expensive valuation: BESI is more expensive than 75.47% 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 (22.83), we can say BESI is valued expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 58.3 | ||
| Fwd PE | 35.07 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BESI indicates a slightly more expensive valuation: BESI is more expensive than 71.70% of the companies listed 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 | 59.51 | ||
| EV/EBITDA | 41.38 |
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.
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 34.71% in the coming years.
PEG (NY)40.59
PEG (5Y)10.34
EPS Next 2Y29.23%
EPS Next 3Y34.71%
5. Dividend
5.1 Amount
BESI has a Yearly Dividend Yield of 1.73%.
BESI's Dividend Yield is rather good when compared to the industry average which is at 1.39. BESI pays more dividend than 83.02% of the companies in the same industry.
Compared to the average S&P500 Dividend Yield of 2.24, BESI is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.73% |
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
BESI pays out 96.59% 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.
DP96.59%
EPS Next 2Y29.23%
EPS Next 3Y34.71%
BE SEMICONDUCTOR INDUSTRIES
AMS:BESI (12/20/2024, 7:00:00 PM)
130.6
+3.5 (+2.75%)
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 OwnersN/A
Ins Owner ChangeN/A
Market Cap10.60B
Analysts74.81
Price Target136.75 (4.71%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.73% |
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)-5.74%
PT rev (3m)-10.27%
EPS NQ rev (1m)-16.98%
EPS NQ rev (3m)-43.46%
EPS NY rev (1m)0%
EPS NY rev (3m)-7.62%
Revenue NQ rev (1m)-5.48%
Revenue NQ rev (3m)-26.09%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-4.55%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 58.3 | ||
| Fwd PE | 35.07 | ||
| P/S | 17.27 | ||
| P/FCF | 59.51 | ||
| P/OCF | 55.63 | ||
| P/B | 22.77 | ||
| P/tB | 32.58 | ||
| EV/EBITDA | 41.38 |
EPS(TTM)2.24
EY1.72%
EPS(NY)3.72
Fwd EY2.85%
FCF(TTM)2.19
FCFY1.68%
OCF(TTM)2.35
OCFY1.8%
SpS7.56
BVpS5.74
TBVpS4.01
PEG (NY)40.59
PEG (5Y)10.34
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
WACC12.02%
ROIC/WACC1.48
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 Y1.44%
EPS Next 2Y29.23%
EPS Next 3Y34.71%
EPS Next 5Y27.35%
Revenue 1Y (TTM)10.19%
Revenue growth 3Y10.11%
Revenue growth 5Y1.96%
Sales Q2Q%26.96%
Revenue Next Year9.23%
Revenue Next 2Y22.83%
Revenue Next 3Y26.46%
Revenue Next 5Y21.39%
EBIT growth 1Y7.74%
EBIT growth 3Y12.5%
EBIT growth 5Y4.16%
EBIT Next Year14.58%
EBIT Next 3Y36.36%
EBIT Next 5Y27.66%
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%