BE SEMICONDUCTOR INDUSTRIES (BESI.AS) Stock Fundamental Analysis

AMS:BESI • NL0012866412

189.4 EUR
+0.5 (+0.26%)
Last: Feb 27, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

5

Overall BESI gets a fundamental rating of 5 out of 10. We evaluated BESI against 61 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 expensively, but it does show have an excellent growth rating.


Dividend Valuation Growth Profitability Health

8

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.
BESI.AS Yearly Net Income VS EBIT VS OCF VS FCFBESI.AS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M

1.2 Ratios

  • Looking at the Return On Assets, with a value of 13.84%, BESI is in the better half of the industry, outperforming 73.77% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 40.95%, BESI belongs to the top of the industry, outperforming 85.25% of the companies in the same industry.
  • BESI has a Return On Invested Capital of 13.59%. This is in the better half of the industry: BESI outperforms 67.21% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for BESI is above the industry average of 14.78%.
  • 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 RankSector 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%
BESI.AS Yearly ROA, ROE, ROICBESI.AS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40

1.3 Margins

  • Looking at the Profit Margin, with a value of 25.56%, BESI is in the better half of the industry, outperforming 73.77% of the companies in the same industry.
  • In the last couple of years the Profit Margin of BESI has grown nicely.
  • With a decent Operating Margin value of 29.02%, BESI is doing good in the industry, outperforming 68.85% 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 88.52% of the companies in the same industry.
  • In the last couple of years the Gross Margin of BESI has grown nicely.
Industry RankSector 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%
BESI.AS Yearly Profit, Operating, Gross MarginsBESI.AS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60

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4

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so BESI is still creating some value.
  • Compared to 1 year ago, BESI has more shares outstanding
  • 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.
BESI.AS Yearly Shares OutstandingBESI.AS Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M
BESI.AS Yearly Total Debt VS Total AssetsBESI.AS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

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.
  • The Debt to FCF ratio of BESI (3.01) is comparable to the rest of the industry.
  • BESI has a Debt/Equity ratio of 1.49. This is a high value indicating a heavy dependency on external financing.
  • The Debt to Equity ratio of BESI (1.49) is worse than 95.08% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.49
Debt/FCF 3.01
Altman-Z N/A
ROIC/WACC1.27
WACC10.72%
BESI.AS Yearly LT Debt VS Equity VS FCFBESI.AS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

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's Current ratio of 5.77 is amongst the best of the industry. BESI outperforms 96.72% of its industry peers.
  • A Quick Ratio of 5.04 indicates that BESI has no problem at all paying its short term obligations.
  • The Quick ratio of BESI (5.04) is better than 96.72% of its industry peers.
Industry RankSector Rank
Current Ratio 5.77
Quick Ratio 5.04
BESI.AS Yearly Current Assets VS Current LiabilitesBESI.AS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

7

3. Growth

3.1 Past

  • The earnings per share for BESI have decreased strongly by -28.07% in the last year.
  • The Earnings Per Share has been growing by 16.76% on average over the past years. This is quite good.
  • BESI shows a small growth in Revenue. In the last year, the Revenue has grown by 4.94%.
  • 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)-28.07%
EPS 3Y-12.13%
EPS 5Y16.76%
EPS Q2Q%-27.78%
Revenue 1Y (TTM)4.94%
Revenue growth 3Y-6.76%
Revenue growth 5Y11.27%
Sales Q2Q%7.08%

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 27.15% on average per year.
  • BESI is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 20.01% yearly.
EPS Next Y-25.61%
EPS Next 2Y20.87%
EPS Next 3Y29.4%
EPS Next 5Y27.15%
Revenue Next Year-4.4%
Revenue Next 2Y16.17%
Revenue Next 3Y20.76%
Revenue Next 5Y20.01%

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.
BESI.AS Yearly Revenue VS EstimatesBESI.AS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 500M 1B 1.5B 2B
BESI.AS Yearly EPS VS EstimatesBESI.AS Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2 4 6 8

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1

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 114.79 indicates a quite expensive valuation of BESI.
  • Compared to the rest of the industry, the Price/Earnings ratio of BESI indicates a rather expensive valuation: BESI more expensive than 86.89% of the companies listed in the same industry.
  • When comparing the Price/Earnings ratio of BESI to the average of the S&P500 Index (27.10), we can say BESI is valued expensively.
  • A Price/Forward Earnings ratio of 56.36 indicates a quite expensive valuation of BESI.
  • Based on the Price/Forward Earnings ratio, BESI is valued a bit more expensive than 77.05% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 28.06. BESI is valued rather expensively when compared to this.
Industry RankSector Rank
PE 114.79
Fwd PE 56.36
BESI.AS Price Earnings VS Forward Price EarningsBESI.AS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80 100

4.2 Price Multiples

  • BESI's Enterprise Value to EBITDA ratio is rather expensive when compared to the industry. BESI is more expensive than 91.80% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, BESI is valued a bit more expensive than 60.66% of the companies in the same industry.
Industry RankSector Rank
P/FCF 86.07
EV/EBITDA 79.78
BESI.AS Per share dataBESI.AS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6

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)6.85
EPS Next 2Y20.87%
EPS Next 3Y29.4%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. Dividend

5.1 Amount

  • BESI has a Yearly Dividend Yield of 1.29%.
  • BESI's Dividend Yield is rather good when compared to the industry average which is at 0.78. BESI pays more dividend than 85.25% of the companies in the same industry.
  • Compared to the average S&P500 Dividend Yield of 1.80, BESI is paying slightly less dividend.
Industry RankSector Rank
Dividend Yield 1.29%

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
BESI.AS Yearly Dividends per shareBESI.AS Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3

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%
BESI.AS Yearly Income VS Free CF VS DividendBESI.AS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M
BESI.AS Dividend Payout.BESI.AS Dividend Payout, showing the Payout Ratio.BESI.AS Dividend Payout.PayoutRetained Earnings

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BE SEMICONDUCTOR INDUSTRIES

AMS:BESI (2/27/2026, 7:00:00 PM)

189.4

+0.5 (+0.26%)

Chartmill FA Rating
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)10-23
Earnings (Next)02-19
Inst Owners70.23%
Inst Owner ChangeN/A
Ins Owners1.84%
Ins Owner ChangeN/A
Market Cap15.37B
Revenue(TTM)607.47M
Net Income(TTM)147.84M
Analysts74.29
Price Target171.21 (-9.6%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.29%
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)7.22%
PT rev (3m)14.11%
EPS NQ rev (1m)0.77%
EPS NQ rev (3m)-6.23%
EPS NY rev (1m)0%
EPS NY rev (3m)-2.87%
Revenue NQ rev (1m)-0.37%
Revenue NQ rev (3m)-3.88%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.94%
Valuation
Industry RankSector Rank
PE 114.79
Fwd PE 56.36
P/S 26.57
P/FCF 86.07
P/OCF 79.15
P/B 42.58
P/tB 72.84
EV/EBITDA 79.78
EPS(TTM)1.65
EY0.87%
EPS(NY)3.36
Fwd EY1.77%
FCF(TTM)2.2
FCFY1.16%
OCF(TTM)2.39
OCFY1.26%
SpS7.13
BVpS4.45
TBVpS2.6
PEG (NY)N/A
PEG (5Y)6.85
Graham Number12.85
Profitability
Industry RankSector 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 RankSector 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
WACC10.72%
ROIC/WACC1.27
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)-28.07%
EPS 3Y-12.13%
EPS 5Y16.76%
EPS Q2Q%-27.78%
EPS Next Y-25.61%
EPS Next 2Y20.87%
EPS Next 3Y29.4%
EPS Next 5Y27.15%
Revenue 1Y (TTM)4.94%
Revenue growth 3Y-6.76%
Revenue growth 5Y11.27%
Sales Q2Q%7.08%
Revenue Next Year-4.4%
Revenue Next 2Y16.17%
Revenue Next 3Y20.76%
Revenue Next 5Y20.01%
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 5Y27.12%
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 4 / 10.


Can you provide the dividend sustainability for BESI stock?

The dividend rating of BE SEMICONDUCTOR INDUSTRIES (BESI.AS) is 4 / 10 and the dividend payout ratio is 116.89%.