BE SEMICONDUCTOR INDUSTRIES (BESI.AS) Stock Fundamental Analysis
Europe - Euronext Amsterdam - AMS:BESI - NL0012866412 - Common Stock
174.85 EUR
-0.2 (-0.11%)
Overall BESI gets a fundamental rating of 5 out of 10. We evaluated BESI against 69 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 valied quite expensively at the moment, while it does show a decent growth rate.
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.
- In the past 5 years BESI always reported a positive cash flow from operatings.
1.2 Ratios
- BESI's Return On Assets of 13.84% is fine compared to the rest of the industry. BESI outperforms 69.57% of its industry peers.
- BESI has a better Return On Equity (40.95%) than 84.06% of its industry peers.
- BESI has a Return On Invested Capital of 13.59%. This is in the better half of the industry: BESI outperforms 63.77% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for BESI is above the industry average of 14.31%.
- The last Return On Invested Capital (13.59%) 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 | 13.84% | ||
| 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
- Looking at the Profit Margin, with a value of 25.56%, BESI is in the better half of the industry, outperforming 71.01% of the companies in the same industry.
- In the last couple of years the Profit Margin of BESI has grown nicely.
- BESI's Operating Margin of 29.02% is fine compared to the rest of the industry. BESI outperforms 66.67% of its industry peers.
- In the last couple of years the Operating Margin of BESI has grown nicely.
- With an excellent Gross Margin value of 63.31%, BESI belongs to the best of the industry, outperforming 85.51% of the companies in the same industry.
- BESI's Gross Margin has improved in the last couple of years.
| 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
- With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), BESI is creating some value.
- Compared to 1 year ago, BESI has more shares outstanding
- BESI has more shares outstanding than it did 5 years ago.
- BESI has a worse debt/assets ratio than last year.
2.2 Solvency
- BESI has a debt to FCF ratio of 3.01. This is a good value and a sign of high solvency as BESI would need 3.01 years to pay back of all of its debts.
- Looking at the Debt to FCF ratio, with a value of 3.01, BESI is in line with its industry, outperforming 42.03% of the companies in the same industry.
- BESI has a Debt/Equity ratio of 1.49. This is a high value indicating a heavy dependency on external financing.
- With a Debt to Equity ratio value of 1.49, BESI is not doing good in the industry: 94.20% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.49 | ||
| Debt/FCF | 3.01 | ||
| Altman-Z | N/A |
ROIC/WACC1.26
WACC10.77%
2.3 Liquidity
- BESI has a Current Ratio of 5.77. This indicates that BESI is financially healthy and has no problem in meeting its short term obligations.
- BESI has a better Current ratio (5.77) than 95.65% of its industry peers.
- 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.
- BESI's Quick ratio of 5.04 is amongst the best of the industry. BESI outperforms 95.65% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 5.77 | ||
| Quick Ratio | 5.04 |
3. Growth
3.1 Past
- BESI shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -16.96%.
- Measured over the past years, BESI shows a quite strong growth in Earnings Per Share. The EPS has been growing by 16.76% on average per year.
- BESI shows a decrease in Revenue. In the last year, the revenue decreased by -5.75%.
- 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)-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
- BESI is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 19.35% yearly.
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
- 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.
- The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- The Price/Earnings ratio is 94.01, which means the current valuation is very expensive for BESI.
- BESI's Price/Earnings ratio is rather expensive when compared to the industry. BESI is more expensive than 86.96% of the companies in the same industry.
- The average S&P500 Price/Earnings ratio is at 27.25. BESI is valued rather expensively when compared to this.
- A Price/Forward Earnings ratio of 52.03 indicates a quite expensive valuation of BESI.
- Based on the Price/Forward Earnings ratio, BESI is valued more expensive than 84.06% of the companies in the same industry.
- The average S&P500 Price/Forward Earnings ratio is at 25.98. BESI is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 94.01 | ||
| Fwd PE | 52.03 |
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 92.75% of the companies listed in the same industry.
- BESI's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. BESI is more expensive than 63.77% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 79.46 | ||
| EV/EBITDA | 74.13 |
4.3 Compensation for Growth
- BESI has an outstanding profitability rating, which 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)5.61
EPS Next 2Y20.87%
EPS Next 3Y29.4%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 1.25%, BESI has a reasonable but not impressive dividend return.
- Compared to an average industry Dividend Yield of 0.74, BESI pays a bit more dividend than its industry peers.
- Compared to the average S&P500 Dividend Yield of 1.82, BESI is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.25% |
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 116.89% of its income as dividend. This is not a sustainable payout ratio.
- The dividend of BESI is growing, but earnings are growing more, so the dividend growth is sustainable.
DP116.89%
EPS Next 2Y20.87%
EPS Next 3Y29.4%
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 4 / 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%.