BE SEMICONDUCTOR INDUSTRIES (BESI.AS) Stock Fundamental Analysis
Europe - AMS:BESI - NL0012866412 - Common Stock
131.4 EUR
-2.4 (-1.79%)
Taking everything into account, BESI scores 6 out of 10 in our fundamental rating. BESI was compared to 63 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
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.
BESI had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
BESI has a Return On Assets of 13.86%. This is amongst the best in the industry. BESI outperforms 80.65% of its industry peers.
BESI's Return On Equity of 41.00% is amongst the best of the industry. BESI outperforms 88.71% of its industry peers.
Looking at the Return On Invested Capital, with a value of 13.53%, BESI is in the better half of the industry, outperforming 72.58% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for BESI is above the industry average of 14.81%.
The last Return On Invested Capital (13.53%) for BESI is well below the 3 year average (19.01%), which needs to be investigated, but indicates that BESI had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.86% | ||
| ROE | 41% | ||
| ROIC | 13.53% |
ROA(3y)18.56%
ROA(5y)18.98%
ROE(3y)38.89%
ROE(5y)39.58%
ROIC(3y)19.01%
ROIC(5y)19.16%
1.3 Margins
With a decent Profit Margin value of 25.59%, BESI is doing good in the industry, outperforming 79.03% of the companies in the same industry.
In the last couple of years the Profit Margin of BESI has grown nicely.
Looking at the Operating Margin, with a value of 28.87%, BESI is in the better half of the industry, outperforming 72.58% of the companies in the same industry.
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 85.48% of the companies in the same industry.
BESI's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 28.87% | ||
| PM (TTM) | 25.59% | ||
| GM | 63.31% |
OM growth 3Y-8.69%
OM growth 5Y4.47%
PM growth 3Y-7.37%
PM growth 5Y5.59%
GM growth 3Y3.01%
GM growth 5Y3.15%
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.
The number of shares outstanding for BESI has been increased compared to 1 year ago.
BESI has more shares outstanding than it did 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 3.02, which is a good value as it means it would take BESI, 3.02 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 3.02, BESI is in line with its industry, outperforming 46.77% of the companies in the same industry.
A Debt/Equity ratio of 1.49 is on the high side and indicates that BESI has dependencies on debt financing.
BESI has a worse Debt to Equity ratio (1.49) than 91.94% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.49 | ||
| Debt/FCF | 3.02 | ||
| Altman-Z | N/A |
ROIC/WACC1.35
WACC10.05%
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.
The Current ratio of BESI (5.77) is better than 98.39% 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 has a Quick ratio of 5.04. This is amongst the best in the industry. BESI outperforms 98.39% 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.
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
Based on estimates for the next years, BESI will show a very strong growth in Earnings Per Share. The EPS will grow by 25.72% on average per year.
Based on estimates for the next years, BESI will show a quite strong growth in Revenue. The Revenue will grow by 19.45% on average per year.
EPS Next Y-23.42%
EPS Next 2Y20.08%
EPS Next 3Y28.32%
EPS Next 5Y25.72%
Revenue Next Year-3.49%
Revenue Next 2Y16.17%
Revenue Next 3Y20.36%
Revenue Next 5Y19.45%
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
A Price/Earnings ratio of 70.65 indicates a quite expensive valuation of BESI.
Based on the Price/Earnings ratio, BESI is valued more expensive than 80.65% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 25.89, BESI is valued quite expensively.
With a Price/Forward Earnings ratio of 39.62, 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 70.97% of the companies are valued more cheaply.
The average S&P500 Price/Forward Earnings ratio is at 34.59. BESI is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 70.65 | ||
| Fwd PE | 39.62 |
4.2 Price Multiples
BESI's Enterprise Value to EBITDA ratio is rather expensive when compared to the industry. BESI is more expensive than 82.26% of the companies 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 | 59.91 | ||
| EV/EBITDA | 56.51 |
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 28.32% in the coming years.
PEG (NY)N/A
PEG (5Y)4.22
EPS Next 2Y20.08%
EPS Next 3Y28.32%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.63%, BESI has a reasonable but not impressive dividend return.
BESI's Dividend Yield is a higher than the industry average which is at 1.18.
BESI's Dividend Yield is slightly below the S&P500 average, which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.63% |
5.2 History
The dividend of BESI has a limited annual growth rate of 5.60%.
Dividend Growth(5Y)5.6%
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.
The dividend of BESI is growing, but earnings are growing more, so the dividend growth is sustainable.
DP116.89%
EPS Next 2Y20.08%
EPS Next 3Y28.32%
AMS:BESI (11/14/2025, 7:00:00 PM)
131.4
-2.4 (-1.79%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners72.33%
Inst Owner ChangeN/A
Ins Owners1.84%
Ins Owner ChangeN/A
Market Cap10.66B
Revenue(TTM)578.39M
Net Income(TTM)148.00M
Analysts77.04
Price Target150.04 (14.19%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.63% |
Yearly Dividend2.21
Dividend Growth(5Y)5.6%
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)5.27%
PT rev (3m)8.84%
EPS NQ rev (1m)-7.68%
EPS NQ rev (3m)-10.65%
EPS NY rev (1m)0.64%
EPS NY rev (3m)-36.46%
Revenue NQ rev (1m)-0.33%
Revenue NQ rev (3m)-1.14%
Revenue NY rev (1m)-0.99%
Revenue NY rev (3m)-2.12%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 70.65 | ||
| Fwd PE | 39.62 | ||
| P/S | 18.44 | ||
| P/FCF | 59.91 | ||
| P/OCF | 54.96 | ||
| P/B | 29.54 | ||
| P/tB | 50.54 | ||
| EV/EBITDA | 56.51 |
EPS(TTM)1.86
EY1.42%
EPS(NY)3.32
Fwd EY2.52%
FCF(TTM)2.19
FCFY1.67%
OCF(TTM)2.39
OCFY1.82%
SpS7.13
BVpS4.45
TBVpS2.6
PEG (NY)N/A
PEG (5Y)4.22
Graham Number13.64
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.86% | ||
| ROE | 41% | ||
| ROCE | 18.03% | ||
| ROIC | 13.53% | ||
| ROICexc | 13.53% | ||
| ROICexgc | 16.14% | ||
| OM | 28.87% | ||
| PM (TTM) | 25.59% | ||
| GM | 63.31% | ||
| FCFM | 30.78% |
ROA(3y)18.56%
ROA(5y)18.98%
ROE(3y)38.89%
ROE(5y)39.58%
ROIC(3y)19.01%
ROIC(5y)19.16%
ROICexc(3y)50.76%
ROICexc(5y)56.52%
ROICexgc(3y)83.24%
ROICexgc(5y)93.74%
ROCE(3y)25.36%
ROCE(5y)25.55%
ROICexgc growth 3Y-21.85%
ROICexgc growth 5Y-0.8%
ROICexc growth 3Y-21.57%
ROICexc growth 5Y1.64%
OM growth 3Y-8.69%
OM growth 5Y4.47%
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 | 3.02 | ||
| Debt/EBITDA | 2.71 | ||
| Cap/Depr | 51.23% | ||
| Cap/Sales | 2.77% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 97.87% | ||
| Profit Quality | 120.27% | ||
| Current Ratio | 5.77 | ||
| Quick Ratio | 5.04 | ||
| Altman-Z | N/A |
F-Score5
WACC10.05%
ROIC/WACC1.35
Cap/Depr(3y)32.86%
Cap/Depr(5y)30.21%
Cap/Sales(3y)1.37%
Cap/Sales(5y)1.16%
Profit Quality(3y)109.4%
Profit Quality(5y)108.79%
High Growth Momentum
Growth
EPS 1Y (TTM)-16.96%
EPS 3Y-12.13%
EPS 5Y16.76%
EPS Q2Q%-45.76%
EPS Next Y-23.42%
EPS Next 2Y20.08%
EPS Next 3Y28.32%
EPS Next 5Y25.72%
Revenue 1Y (TTM)-5.75%
Revenue growth 3Y-6.76%
Revenue growth 5Y11.27%
Sales Q2Q%-15.23%
Revenue Next Year-3.49%
Revenue Next 2Y16.17%
Revenue Next 3Y20.36%
Revenue Next 5Y19.45%
EBIT growth 1Y-20.79%
EBIT growth 3Y-14.86%
EBIT growth 5Y16.25%
EBIT Next Year-3.96%
EBIT Next 3Y33.27%
EBIT Next 5Y27.98%
FCF growth 1Y-24.03%
FCF growth 3Y-11.48%
FCF growth 5Y9.95%
OCF growth 1Y-19.8%
OCF growth 3Y-10.23%
OCF growth 5Y10.85%
BE SEMICONDUCTOR INDUSTRIES / BESI.AS FAQ
Can you provide the ChartMill fundamental rating for BE SEMICONDUCTOR INDUSTRIES?
ChartMill assigns a fundamental rating of 6 / 10 to BESI.AS.
Can you provide the valuation status for BE SEMICONDUCTOR INDUSTRIES?
ChartMill assigns a valuation rating of 2 / 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 9 / 10.
What is the valuation of BE SEMICONDUCTOR INDUSTRIES based on its PE and PB ratios?
The Price/Earnings (PE) ratio for BE SEMICONDUCTOR INDUSTRIES (BESI.AS) is 70.65 and the Price/Book (PB) ratio is 29.54.
Is the dividend of BE SEMICONDUCTOR INDUSTRIES sustainable?
The dividend rating of BE SEMICONDUCTOR INDUSTRIES (BESI.AS) is 3 / 10 and the dividend payout ratio is 116.89%.