BE SEMICONDUCTOR INDUSTRIES (BESI.AS) Stock Fundamental Analysis
Europe - Euronext Amsterdam - AMS:BESI - NL0012866412 - Common Stock
149.1 EUR
+15.35 (+11.48%)
BESI gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 57 industry peers in the Semiconductors & Semiconductor Equipment industry. BESI scores excellent on profitability, but there are some minor concerns on its financial health. While showing a medium growth rate, BESI is valued expensive at the moment.
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
With a decent Return On Assets value of 13.86%, BESI is doing good in the industry, outperforming 78.95% of the companies in the same industry.
BESI has a Return On Equity of 41.00%. This is amongst the best in the industry. BESI outperforms 87.72% of its industry peers.
The Return On Invested Capital of BESI (13.53%) is better than 68.42% of its industry peers.
BESI had an Average Return On Invested Capital over the past 3 years of 19.01%. This is above the industry average of 14.06%.
The 3 year average ROIC (19.01%) for BESI is well above the current ROIC(13.53%). The reason for the recent decline needs to be investigated.
| 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
BESI's Profit Margin of 25.59% is fine compared to the rest of the industry. BESI outperforms 73.68% of its industry peers.
In the last couple of years the Profit Margin of BESI has grown nicely.
BESI has a better Operating Margin (28.87%) than 70.18% of its industry peers.
BESI's Operating Margin has improved in the last couple of years.
With an excellent Gross Margin value of 63.31%, BESI belongs to the best of the industry, outperforming 85.96% of the companies in the same industry.
In the last couple of years the Gross Margin of BESI has grown nicely.
| 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
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so BESI is creating value.
BESI has more shares outstanding than it did 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
BESI has a debt to FCF ratio of 3.02. This is a good value and a sign of high solvency as BESI would need 3.02 years to pay back of all of its debts.
BESI's Debt to FCF ratio of 3.02 is in line compared to the rest of the industry. BESI outperforms 47.37% of its industry peers.
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 92.98% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.49 | ||
| Debt/FCF | 3.02 | ||
| Altman-Z | N/A |
ROIC/WACC1.29
WACC10.49%
2.3 Liquidity
A Current Ratio of 5.77 indicates that BESI has no problem at all paying its short term obligations.
The Current ratio of BESI (5.77) is better than 94.74% 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 better Quick ratio (5.04) than 94.74% of its industry peers.
| 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.
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%.
The Revenue has been growing by 11.27% on average over the past years. This is quite good.
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 25.72% 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 19.45% yearly.
EPS Next Y-26.09%
EPS Next 2Y19.97%
EPS Next 3Y28.99%
EPS Next 5Y25.72%
Revenue Next Year-4.4%
Revenue Next 2Y16.17%
Revenue Next 3Y20.76%
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.
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
BESI is valuated quite expensively with a Price/Earnings ratio of 80.16.
BESI's Price/Earnings ratio is a bit more expensive when compared to the industry. BESI is more expensive than 78.95% 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 26.60.
The Price/Forward Earnings ratio is 45.04, which means the current valuation is very expensive for BESI.
Based on the Price/Forward Earnings ratio, BESI is valued a bit more expensive than 77.19% of the companies in the same industry.
BESI is valuated expensively when we compare the Price/Forward Earnings ratio to 23.23, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 80.16 | ||
| Fwd PE | 45.04 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BESI is valued expensively inside the industry as 84.21% of the companies are valued cheaper.
BESI's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 67.97 | ||
| EV/EBITDA | 57.47 |
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 28.99% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)4.78
EPS Next 2Y19.97%
EPS Next 3Y28.99%
5. Dividend
5.1 Amount
BESI has a Yearly Dividend Yield of 1.66%. Purely for dividend investing, there may be better candidates out there.
BESI's Dividend Yield is rather good when compared to the industry average which is at 0.81. BESI pays more dividend than 85.96% of the companies in the same industry.
BESI's Dividend Yield is comparable with the S&P500 average which is at 2.00.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.66% |
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.
BESI's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP116.89%
EPS Next 2Y19.97%
EPS Next 3Y28.99%
AMS:BESI (1/2/2026, 7:00:00 PM)
149.1
+15.35 (+11.48%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners72.8%
Inst Owner ChangeN/A
Ins Owners1.84%
Ins Owner ChangeN/A
Market Cap12.10B
Revenue(TTM)578.39M
Net Income(TTM)148.00M
Analysts77.04
Price Target152.29 (2.14%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.66% |
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)0.23%
PT rev (3m)9.61%
EPS NQ rev (1m)-9.78%
EPS NQ rev (3m)-18.31%
EPS NY rev (1m)-3.48%
EPS NY rev (3m)-2.87%
Revenue NQ rev (1m)-3.54%
Revenue NQ rev (3m)-4.88%
Revenue NY rev (1m)-0.94%
Revenue NY rev (3m)-0.55%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 80.16 | ||
| Fwd PE | 45.04 | ||
| P/S | 20.92 | ||
| P/FCF | 67.97 | ||
| P/OCF | 62.37 | ||
| P/B | 33.52 | ||
| P/tB | 57.34 | ||
| EV/EBITDA | 57.47 |
EPS(TTM)1.86
EY1.25%
EPS(NY)3.31
Fwd EY2.22%
FCF(TTM)2.19
FCFY1.47%
OCF(TTM)2.39
OCFY1.6%
SpS7.13
BVpS4.45
TBVpS2.6
PEG (NY)N/A
PEG (5Y)4.78
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
WACC10.49%
ROIC/WACC1.29
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-26.09%
EPS Next 2Y19.97%
EPS Next 3Y28.99%
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-4.4%
Revenue Next 2Y16.17%
Revenue Next 3Y20.76%
Revenue Next 5Y19.45%
EBIT growth 1Y-20.79%
EBIT growth 3Y-14.86%
EBIT growth 5Y16.25%
EBIT Next Year-3.51%
EBIT Next 3Y34.14%
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.
What is the valuation status of BE SEMICONDUCTOR INDUSTRIES (BESI.AS) stock?
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 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 4 / 10 and the dividend payout ratio is 116.89%.