BE SEMICONDUCTOR INDUSTRIES (BESI.AS) Stock Fundamental Analysis
Europe - Euronext Amsterdam - AMS:BESI - NL0012866412 - Common Stock
129.05 EUR
-0.85 (-0.65%)
We assign a fundamental rating of 6 out of 10 to BESI. BESI was compared to 62 industry peers in the Semiconductors & Semiconductor Equipment industry. BESI has an excellent profitability rating, 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
BESI's Return On Assets of 13.86% is fine compared to the rest of the industry. BESI outperforms 79.03% of its industry peers.
BESI's Return On Equity of 41.00% is amongst the best of the industry. BESI outperforms 87.10% of its industry peers.
BESI's Return On Invested Capital of 13.53% is fine compared to the rest of the industry. BESI outperforms 70.97% of its industry peers.
The Average Return On Invested Capital over the past 3 years 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
BESI has a Profit Margin of 25.59%. This is amongst the best in the industry. BESI outperforms 80.65% of its industry peers.
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.
BESI's Gross Margin of 63.31% is amongst the best of the industry. BESI outperforms 88.71% of its industry peers.
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
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), 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
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 has a Debt to FCF ratio of 3.02. This is comparable to the rest of the industry: BESI outperforms 50.00% 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.
With a Debt to Equity ratio value of 1.49, BESI is not doing good in the industry: 91.94% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.49 | ||
| Debt/FCF | 3.02 | ||
| Altman-Z | N/A |
ROIC/WACC1.31
WACC10.36%
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 96.77% of the companies in the same industry.
A Quick Ratio of 5.04 indicates that BESI has no problem at all paying its short term obligations.
BESI's Quick ratio of 5.04 is amongst the best of the industry. BESI outperforms 96.77% 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.
Looking at the last year, BESI shows a decrease in Revenue. The Revenue has decreased by -5.75% in the last 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 25.72% 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 19.45% 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
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.
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
The Price/Earnings ratio is 69.38, which means the current valuation is very expensive for BESI.
Based on the Price/Earnings ratio, BESI is valued a bit more expensive than the industry average as 79.03% of the companies are valued more cheaply.
BESI's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 26.31.
A Price/Forward Earnings ratio of 38.91 indicates a quite expensive valuation of BESI.
74.19% 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 36.56, BESI is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 69.38 | ||
| Fwd PE | 38.91 |
4.2 Price Multiples
BESI's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. BESI is more expensive than 79.03% of the companies in the same industry.
BESI's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 58.83 | ||
| EV/EBITDA | 55.89 |
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 28.32% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)4.14
EPS Next 2Y20.08%
EPS Next 3Y28.32%
5. Dividend
5.1 Amount
BESI has a Yearly Dividend Yield of 1.68%. 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 1.14. BESI pays more dividend than 83.87% of the companies in the same industry.
Compared to the average S&P500 Dividend Yield of 2.32, BESI is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.68% |
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 2Y20.08%
EPS Next 3Y28.32%
AMS:BESI (12/1/2025, 12:51:56 PM)
129.05
-0.85 (-0.65%)
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 Cap10.47B
Revenue(TTM)578.39M
Net Income(TTM)148.00M
Analysts77.04
Price Target151.93 (17.73%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.68% |
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)6.59%
PT rev (3m)9.35%
EPS NQ rev (1m)-1.71%
EPS NQ rev (3m)-12.37%
EPS NY rev (1m)0.64%
EPS NY rev (3m)-4.11%
Revenue NQ rev (1m)-1.06%
Revenue NQ rev (3m)-2.56%
Revenue NY rev (1m)-0.99%
Revenue NY rev (3m)-1.04%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 69.38 | ||
| Fwd PE | 38.91 | ||
| P/S | 18.11 | ||
| P/FCF | 58.83 | ||
| P/OCF | 53.98 | ||
| P/B | 29.01 | ||
| P/tB | 49.63 | ||
| EV/EBITDA | 55.89 |
EPS(TTM)1.86
EY1.44%
EPS(NY)3.32
Fwd EY2.57%
FCF(TTM)2.19
FCFY1.7%
OCF(TTM)2.39
OCFY1.85%
SpS7.13
BVpS4.45
TBVpS2.6
PEG (NY)N/A
PEG (5Y)4.14
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
WACC10.36%
ROIC/WACC1.31
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 69.38 and the Price/Book (PB) ratio is 29.01.
Is the dividend of BE SEMICONDUCTOR INDUSTRIES sustainable?
The dividend rating of BE SEMICONDUCTOR INDUSTRIES (BESI.AS) is 4 / 10 and the dividend payout ratio is 116.89%.