BE SEMICONDUCTOR INDUSTRIES (BESI.AS) Stock Fundamental Analysis
Europe - AMS:BESI - NL0012866412 - Common Stock
121.5 EUR
-3.3 (-2.64%)
Taking everything into account, BESI scores 6 out of 10 in our fundamental rating. BESI was compared to 56 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 expensive, but it does show an excellent growth. With these ratings, BESI could be worth investigating further for growth 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.
In the past 5 years BESI has always been profitable.
In the past 5 years BESI always reported a positive cash flow from operatings.
1.2 Ratios
BESI's Return On Assets of 13.74% is fine compared to the rest of the industry. BESI outperforms 75.00% of its industry peers.
Looking at the Return On Equity, with a value of 33.84%, BESI belongs to the top of the industry, outperforming 80.36% of the companies in the same industry.
With a decent Return On Invested Capital value of 13.23%, BESI is doing good in the industry, outperforming 69.64% 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 14.85%.
The last Return On Invested Capital (13.23%) for BESI is well below the 3 year average (19.02%), which needs to be investigated, but indicates that BESI had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.74% | ||
| ROE | 33.84% | ||
| ROIC | 13.23% |
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
BESI's Profit Margin of 28.17% is fine compared to the rest of the industry. BESI outperforms 78.57% of its industry peers.
In the last couple of years the Profit Margin of BESI has grown nicely.
BESI's Operating Margin of 31.28% is fine compared to the rest of the industry. BESI outperforms 78.57% of its industry peers.
In the last couple of years the Operating Margin of BESI has grown nicely.
Looking at the Gross Margin, with a value of 63.90%, BESI belongs to the top of the industry, outperforming 85.71% of the companies in the same industry.
BESI's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 31.28% | ||
| PM (TTM) | 28.17% | ||
| GM | 63.9% |
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
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so BESI is creating value.
Compared to 1 year ago, BESI has more 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.
2.2 Solvency
BESI has an Altman-Z score of 10.39. This indicates that BESI is financially healthy and has little risk of bankruptcy at the moment.
BESI's Altman-Z score of 10.39 is fine compared to the rest of the industry. BESI outperforms 78.57% of its industry peers.
BESI has a debt to FCF ratio of 2.87. This is a good value and a sign of high solvency as BESI would need 2.87 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 2.87, BESI is in line with its industry, outperforming 50.00% 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.
The Debt to Equity ratio of BESI (1.07) is worse than 89.29% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.07 | ||
| Debt/FCF | 2.87 | ||
| Altman-Z | 10.39 |
ROIC/WACC1.33
WACC9.91%
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.
Looking at the Current ratio, with a value of 5.98, BESI belongs to the top of the industry, outperforming 96.43% of the companies in the same industry.
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.
Looking at the Quick ratio, with a value of 5.36, BESI belongs to the top of the industry, outperforming 98.21% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 5.98 | ||
| Quick Ratio | 5.36 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 1.43% over the past year.
BESI shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 16.76% yearly.
BESI shows a small growth in Revenue. In the last year, the Revenue has grown by 3.75%.
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)1.43%
EPS 3Y-12.13%
EPS 5Y16.76%
EPS Q2Q%-24.53%
Revenue 1Y (TTM)3.75%
Revenue growth 3Y-6.76%
Revenue growth 5Y11.27%
Sales Q2Q%-2.03%
3.2 Future
BESI is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 24.57% yearly.
Based on estimates for the next years, BESI will show a quite strong growth in Revenue. The Revenue will grow by 19.62% on average per year.
EPS Next Y-20.14%
EPS Next 2Y22.7%
EPS Next 3Y29.35%
EPS Next 5Y24.57%
Revenue Next Year-3.87%
Revenue Next 2Y17.88%
Revenue Next 3Y20.17%
Revenue Next 5Y19.62%
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
Based on the Price/Earnings ratio of 57.04, the valuation of BESI can be described as expensive.
Based on the Price/Earnings ratio, BESI is valued more expensive than 80.36% 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 27.41.
With a Price/Forward Earnings ratio of 35.09, BESI can be considered very expensive at the moment.
69.64% 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 (22.88), we can say BESI is valued expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 57.04 | ||
| Fwd PE | 35.09 |
4.2 Price Multiples
78.57% of the companies in the same industry are cheaper than BESI, based on the Enterprise Value to EBITDA ratio.
The rest of the industry has a similar Price/Free Cash Flow ratio as BESI.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 51.98 | ||
| EV/EBITDA | 43.06 |
4.3 Compensation for Growth
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 29.35% in the coming years.
PEG (NY)N/A
PEG (5Y)3.4
EPS Next 2Y22.7%
EPS Next 3Y29.35%
5. Dividend
5.1 Amount
BESI has a Yearly Dividend Yield of 1.92%.
BESI's Dividend Yield is rather good when compared to the industry average which is at 1.29. BESI pays more dividend than 89.29% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.38, BESI has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.92% |
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
BESI pays out 101.88% 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.
DP101.88%
EPS Next 2Y22.7%
EPS Next 3Y29.35%
AMS:BESI (9/19/2025, 5:36:15 PM)
121.5
-3.3 (-2.64%)
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 Cap9.86B
Analysts77.04
Price Target138.94 (14.35%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.92% |
Yearly Dividend2.19
Dividend Growth(5Y)5.49%
DP101.88%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-14.53%
Min EPS beat(2)-18.69%
Max EPS beat(2)-10.38%
EPS beat(4)2
Avg EPS beat(4)-0.47%
Min EPS beat(4)-18.69%
Max EPS beat(4)23.83%
EPS beat(8)5
Avg EPS beat(8)0.79%
EPS beat(12)9
Avg EPS beat(12)2.66%
EPS beat(16)9
Avg EPS beat(16)0.94%
Revenue beat(2)0
Avg Revenue beat(2)-7.62%
Min Revenue beat(2)-9.3%
Max Revenue beat(2)-5.94%
Revenue beat(4)0
Avg Revenue beat(4)-5.86%
Min Revenue beat(4)-9.3%
Max Revenue beat(4)-0.38%
Revenue beat(8)1
Avg Revenue beat(8)-3.51%
Revenue beat(12)3
Avg Revenue beat(12)-2.6%
Revenue beat(16)4
Avg Revenue beat(16)-2.64%
PT rev (1m)0.78%
PT rev (3m)8.97%
EPS NQ rev (1m)-4.96%
EPS NQ rev (3m)-57.86%
EPS NY rev (1m)-33.74%
EPS NY rev (3m)-33.74%
Revenue NQ rev (1m)-1.37%
Revenue NQ rev (3m)-31.45%
Revenue NY rev (1m)-2.5%
Revenue NY rev (3m)-7.83%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 57.04 | ||
| Fwd PE | 35.09 | ||
| P/S | 16.37 | ||
| P/FCF | 51.98 | ||
| P/OCF | 47.78 | ||
| P/B | 19.67 | ||
| P/tB | 27.5 | ||
| EV/EBITDA | 43.06 |
EPS(TTM)2.13
EY1.75%
EPS(NY)3.46
Fwd EY2.85%
FCF(TTM)2.34
FCFY1.92%
OCF(TTM)2.54
OCFY2.09%
SpS7.42
BVpS6.18
TBVpS4.42
PEG (NY)N/A
PEG (5Y)3.4
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.74% | ||
| ROE | 33.84% | ||
| ROCE | 17.65% | ||
| ROIC | 13.23% | ||
| ROICexc | 35.68% | ||
| ROICexgc | 55.79% | ||
| OM | 31.28% | ||
| PM (TTM) | 28.17% | ||
| GM | 63.9% | ||
| FCFM | 31.5% |
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-Score5
Asset Turnover0.49
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.07 | ||
| Debt/FCF | 2.87 | ||
| Debt/EBITDA | 2.47 | ||
| Cap/Depr | 56.37% | ||
| Cap/Sales | 2.77% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 94.67% | ||
| Profit Quality | 111.82% | ||
| Current Ratio | 5.98 | ||
| Quick Ratio | 5.36 | ||
| Altman-Z | 10.39 |
F-Score5
WACC9.91%
ROIC/WACC1.33
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)1.43%
EPS 3Y-12.13%
EPS 5Y16.76%
EPS Q2Q%-24.53%
EPS Next Y-20.14%
EPS Next 2Y22.7%
EPS Next 3Y29.35%
EPS Next 5Y24.57%
Revenue 1Y (TTM)3.75%
Revenue growth 3Y-6.76%
Revenue growth 5Y11.27%
Sales Q2Q%-2.03%
Revenue Next Year-3.87%
Revenue Next 2Y17.88%
Revenue Next 3Y20.17%
Revenue Next 5Y19.62%
EBIT growth 1Y-5.23%
EBIT growth 3Y-14.92%
EBIT growth 5Y16.2%
EBIT Next Year15.49%
EBIT Next 3Y33.42%
EBIT Next 5Y28.29%
FCF growth 1Y-32.56%
FCF growth 3Y-11.48%
FCF growth 5Y9.96%
OCF growth 1Y-28.71%
OCF growth 3Y-10.22%
OCF growth 5Y10.86%