BE SEMICONDUCTOR INDUSTRIES (BESI.AS) Stock Fundamental Analysis
Europe - Euronext Amsterdam - AMS:BESI - NL0012866412 - Common Stock
174.05 EUR
+1.15 (+0.67%)
We assign a fundamental rating of 5 out of 10 to BESI. BESI was compared to 68 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 quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
- In the past year BESI was profitable.
- BESI had a positive operating cash flow in the past year.
- BESI had positive earnings in each of the past 5 years.
- BESI had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- BESI's Return On Assets of 13.84% is fine compared to the rest of the industry. BESI outperforms 72.06% of its industry peers.
- With an excellent Return On Equity value of 40.95%, BESI belongs to the best of the industry, outperforming 83.82% of the companies in the same industry.
- BESI's Return On Invested Capital of 13.59% is fine compared to the rest of the industry. BESI outperforms 66.18% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for BESI is above the industry average of 14.62%.
- The 3 year average ROIC (19.02%) for BESI is well above the current ROIC(13.59%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.84% | ||
| ROE | 40.95% | ||
| ROIC | 13.59% |
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
- The Profit Margin of BESI (25.56%) is better than 73.53% of its industry peers.
- In the last couple of years the Profit Margin of BESI has grown nicely.
- BESI has a Operating Margin of 29.02%. This is in the better half of the industry: BESI outperforms 69.12% of its industry peers.
- BESI's Operating Margin has improved in the last couple of years.
- BESI's Gross Margin of 63.31% is amongst the best of the industry. BESI outperforms 88.24% of its industry peers.
- In the last couple of years the Gross Margin of BESI has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 29.02% | ||
| PM (TTM) | 25.56% | ||
| GM | 63.31% |
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.
- The number of shares outstanding for BESI has been increased compared to 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 3.01, which is a good value as it means it would take BESI, 3.01 years of fcf income to pay off all of its debts.
- BESI has a Debt to FCF ratio of 3.01. This is comparable to the rest of the industry: BESI outperforms 45.59% of its industry peers.
- A Debt/Equity ratio of 1.49 is on the high side and indicates that BESI has dependencies on debt financing.
- BESI's Debt to Equity ratio of 1.49 is on the low side compared to the rest of the industry. BESI is outperformed by 95.59% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.49 | ||
| Debt/FCF | 3.01 | ||
| Altman-Z | N/A |
ROIC/WACC1.34
WACC10.15%
2.3 Liquidity
- A Current Ratio of 5.77 indicates that BESI has no problem at all paying its short term obligations.
- With an excellent Current ratio value of 5.77, BESI belongs to the best of the industry, outperforming 97.06% of the companies in the same industry.
- BESI has a Quick Ratio of 5.04. 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 5.04, BESI belongs to the top of the industry, outperforming 97.06% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 5.77 | ||
| Quick Ratio | 5.04 |
3. Growth
3.1 Past
- The earnings per share for BESI have decreased strongly by -16.96% in the last 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.
- The Revenue has decreased by -5.75% in the past year.
- 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)-16.96%
EPS 3Y-12.13%
EPS 5Y16.76%
EPS Q2Q%-45.76%
Revenue 1Y (TTM)-5.75%
Revenue growth 3Y-6.76%
Revenue growth 5Y11.27%
Sales Q2Q%-15.23%
3.2 Future
- The Earnings Per Share is expected to grow by 25.36% on average over the next years. This is a very strong growth
- Based on estimates for the next years, BESI will show a quite strong growth in Revenue. The Revenue will grow by 19.35% on average per year.
EPS Next Y-25.61%
EPS Next 2Y20.87%
EPS Next 3Y29.4%
EPS Next 5Y25.36%
Revenue Next Year-4.4%
Revenue Next 2Y16.17%
Revenue Next 3Y20.76%
Revenue Next 5Y19.35%
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
- BESI is valuated quite expensively with a Price/Earnings ratio of 93.58.
- 83.82% of the companies in the same industry are cheaper than BESI, based on the Price/Earnings ratio.
- BESI is valuated expensively when we compare the Price/Earnings ratio to 27.32, which is the current average of the S&P500 Index.
- The Price/Forward Earnings ratio is 51.80, which means the current valuation is very expensive for BESI.
- 80.88% of the companies in the same industry are cheaper than BESI, based on the Price/Forward Earnings ratio.
- Compared to an average S&P500 Price/Forward Earnings ratio of 24.30, BESI is valued quite expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 93.58 | ||
| Fwd PE | 51.8 |
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 91.18% of the companies listed in the same industry.
- 63.24% of the companies in the same industry are cheaper than BESI, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 79.1 | ||
| EV/EBITDA | 73.25 |
4.3 Compensation for Growth
- The excellent profitability rating of BESI may justify a higher PE ratio.
- BESI's earnings are expected to grow with 29.40% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)5.58
EPS Next 2Y20.87%
EPS Next 3Y29.4%
5. Dividend
5.1 Amount
- BESI has a Yearly Dividend Yield of 1.26%.
- BESI's Dividend Yield is a higher than the industry average which is at 0.72.
- Compared to the average S&P500 Dividend Yield of 1.86, BESI is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.26% |
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
- 116.89% 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.
DP116.89%
EPS Next 2Y20.87%
EPS Next 3Y29.4%
AMS:BESI (1/21/2026, 7:00:00 PM)
174.05
+1.15 (+0.67%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)01-12 2026-01-12/amc
Earnings (Next)04-23 2026-04-23
Inst Owners70.23%
Inst Owner ChangeN/A
Ins Owners1.84%
Ins Owner ChangeN/A
Market Cap14.12B
Revenue(TTM)578.39M
Net Income(TTM)147.84M
Analysts77.04
Price Target159.68 (-8.26%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.26% |
Yearly Dividend2.19
Dividend Growth(5Y)5.49%
DP116.89%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-13.51%
Min EPS beat(2)-18.69%
Max EPS beat(2)-8.32%
EPS beat(4)1
Avg EPS beat(4)-3.39%
Min EPS beat(4)-18.69%
Max EPS beat(4)23.83%
EPS beat(8)4
Avg EPS beat(8)-1.18%
EPS beat(12)8
Avg EPS beat(12)1.76%
EPS beat(16)9
Avg EPS beat(16)0.52%
Revenue beat(2)0
Avg Revenue beat(2)-5.72%
Min Revenue beat(2)-5.94%
Max Revenue beat(2)-5.51%
Revenue beat(4)0
Avg Revenue beat(4)-7.15%
Min Revenue beat(4)-9.3%
Max Revenue beat(4)-5.51%
Revenue beat(8)1
Avg Revenue beat(8)-3.89%
Revenue beat(12)3
Avg Revenue beat(12)-2.91%
Revenue beat(16)4
Avg Revenue beat(16)-2.89%
PT rev (1m)4.86%
PT rev (3m)12.03%
EPS NQ rev (1m)-3.87%
EPS NQ rev (3m)-14.1%
EPS NY rev (1m)0.64%
EPS NY rev (3m)-2.24%
Revenue NQ rev (1m)-2.49%
Revenue NQ rev (3m)-3.84%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.92%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 93.58 | ||
| Fwd PE | 51.8 | ||
| P/S | 24.42 | ||
| P/FCF | 79.1 | ||
| P/OCF | 72.73 | ||
| P/B | 39.13 | ||
| P/tB | 66.94 | ||
| EV/EBITDA | 73.25 |
EPS(TTM)1.86
EY1.07%
EPS(NY)3.36
Fwd EY1.93%
FCF(TTM)2.2
FCFY1.26%
OCF(TTM)2.39
OCFY1.37%
SpS7.13
BVpS4.45
TBVpS2.6
PEG (NY)N/A
PEG (5Y)5.58
Graham Number13.64
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.84% | ||
| ROE | 40.95% | ||
| ROCE | 18.13% | ||
| ROIC | 13.59% | ||
| ROICexc | 13.59% | ||
| ROICexgc | 16.22% | ||
| OM | 29.02% | ||
| PM (TTM) | 25.56% | ||
| GM | 63.31% | ||
| FCFM | 30.87% |
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%
ROICexgc growth 3Y-21.99%
ROICexgc 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 Turnover0.54
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.49 | ||
| Debt/FCF | 3.01 | ||
| Debt/EBITDA | 2.7 | ||
| Cap/Depr | 50.32% | ||
| Cap/Sales | 2.7% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 97.64% | ||
| Profit Quality | 120.79% | ||
| Current Ratio | 5.77 | ||
| Quick Ratio | 5.04 | ||
| Altman-Z | N/A |
F-Score5
WACC10.15%
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)-16.96%
EPS 3Y-12.13%
EPS 5Y16.76%
EPS Q2Q%-45.76%
EPS Next Y-25.61%
EPS Next 2Y20.87%
EPS Next 3Y29.4%
EPS Next 5Y25.36%
Revenue 1Y (TTM)-5.75%
Revenue growth 3Y-6.76%
Revenue growth 5Y11.27%
Sales Q2Q%-15.23%
Revenue Next Year-4.4%
Revenue Next 2Y16.17%
Revenue Next 3Y20.76%
Revenue Next 5Y19.35%
EBIT growth 1Y-20.39%
EBIT growth 3Y-14.92%
EBIT growth 5Y16.2%
EBIT Next Year-3.51%
EBIT Next 3Y34.14%
EBIT Next 5Y27.61%
FCF growth 1Y-23.79%
FCF growth 3Y-11.48%
FCF growth 5Y9.96%
OCF growth 1Y-19.72%
OCF growth 3Y-10.22%
OCF growth 5Y10.86%
BE SEMICONDUCTOR INDUSTRIES / BESI.AS FAQ
Can you provide the ChartMill fundamental rating for BE SEMICONDUCTOR INDUSTRIES?
ChartMill assigns a fundamental rating of 5 / 10 to BESI.AS.
What is the valuation status of BE SEMICONDUCTOR INDUSTRIES (BESI.AS) stock?
ChartMill assigns a valuation rating of 1 / 10 to BE SEMICONDUCTOR INDUSTRIES (BESI.AS). This can be considered as Overvalued.
How profitable is BE SEMICONDUCTOR INDUSTRIES (BESI.AS) stock?
BE SEMICONDUCTOR INDUSTRIES (BESI.AS) has a profitability rating of 8 / 10.
What is the financial health of BE SEMICONDUCTOR INDUSTRIES (BESI.AS) stock?
The financial health rating of BE SEMICONDUCTOR INDUSTRIES (BESI.AS) is 5 / 10.
Can you provide the dividend sustainability for BESI stock?
The dividend rating of BE SEMICONDUCTOR INDUSTRIES (BESI.AS) is 3 / 10 and the dividend payout ratio is 116.89%.