BE SEMICONDUCTOR INDUSTRIES (BESI.AS) Stock Fundamental Analysis
Europe - Euronext Amsterdam - AMS:BESI - NL0012866412 - Common Stock
131.25 EUR
-0.85 (-0.64%)
Taking everything into account, BESI scores 6 out of 10 in our fundamental rating. BESI was compared to 65 industry peers in the Semiconductors & Semiconductor Equipment industry. While BESI has a great profitability rating, 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
Looking at the Return On Assets, with a value of 13.86%, BESI is in the better half of the industry, outperforming 80.00% of the companies in the same industry.
BESI has a better Return On Equity (41.00%) than 87.69% of its industry peers.
BESI's Return On Invested Capital of 13.53% is fine compared to the rest of the industry. BESI outperforms 72.31% of its industry peers.
The Average Return On Invested Capital over the past 3 years for BESI is above the industry average of 14.14%.
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 has a better Profit Margin (25.59%) than 76.92% of its industry peers.
In the last couple of years the Profit Margin of BESI has grown nicely.
The Operating Margin of BESI (28.87%) is better than 75.38% of its industry peers.
BESI's Operating Margin has improved in the last couple of years.
BESI's Gross Margin of 63.31% is amongst the best of the industry. BESI outperforms 87.69% of its industry peers.
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.
BESI has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, BESI has more shares outstanding
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.
With a Debt to FCF ratio value of 3.02, BESI perfoms like the industry average, outperforming 50.77% 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: 93.85% 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/WACC1.29
WACC10.47%
2.3 Liquidity
A Current Ratio of 5.77 indicates that BESI has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 5.77, BESI belongs to the top of the industry, outperforming 95.38% 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 has a Quick ratio of 5.04. This is amongst the best in the industry. BESI outperforms 95.38% 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%.
The Earnings Per Share has been growing by 16.76% on average over the past years. This is quite good.
The Revenue has decreased by -5.75% in the past year.
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-24.14%
EPS Next 2Y20.06%
EPS Next 3Y28.95%
EPS Next 5Y25.72%
Revenue Next Year-3.71%
Revenue Next 2Y16.18%
Revenue Next 3Y20.72%
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
Based on the Price/Earnings ratio of 70.56, the valuation of BESI can be described as expensive.
Compared to the rest of the industry, the Price/Earnings ratio of BESI indicates a slightly more expensive valuation: BESI is more expensive than 76.92% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.56, BESI is valued quite expensively.
A Price/Forward Earnings ratio of 39.59 indicates a quite expensive valuation of BESI.
Based on the Price/Forward Earnings ratio, BESI is valued a bit more expensive than 78.46% of the companies in the same industry.
BESI is valuated expensively when we compare the Price/Forward Earnings ratio to 23.79, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 70.56 | ||
| Fwd PE | 39.59 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BESI is valued expensively inside the industry as 84.62% 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 | 59.84 | ||
| EV/EBITDA | 56.79 |
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 28.95% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)4.21
EPS Next 2Y20.06%
EPS Next 3Y28.95%
5. Dividend
5.1 Amount
BESI has a Yearly Dividend Yield of 1.59%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 0.75, BESI pays a better dividend. On top of this BESI pays more dividend than 81.54% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 1.87, BESI has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.59% |
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 2Y20.06%
EPS Next 3Y28.95%
AMS:BESI (12/15/2025, 12:51:50 PM)
131.25
-0.85 (-0.64%)
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 Cap10.65B
Revenue(TTM)578.39M
Net Income(TTM)148.00M
Analysts77.04
Price Target152.29 (16.03%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.59% |
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)1.5%
PT rev (3m)9.61%
EPS NQ rev (1m)-3.2%
EPS NQ rev (3m)-10.64%
EPS NY rev (1m)-0.95%
EPS NY rev (3m)-5.02%
Revenue NQ rev (1m)-1.06%
Revenue NQ rev (3m)-1.39%
Revenue NY rev (1m)-0.23%
Revenue NY rev (3m)0.17%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 70.56 | ||
| Fwd PE | 39.59 | ||
| P/S | 18.41 | ||
| P/FCF | 59.84 | ||
| P/OCF | 54.9 | ||
| P/B | 29.5 | ||
| P/tB | 50.48 | ||
| EV/EBITDA | 56.79 |
EPS(TTM)1.86
EY1.42%
EPS(NY)3.32
Fwd EY2.53%
FCF(TTM)2.19
FCFY1.67%
OCF(TTM)2.39
OCFY1.82%
SpS7.13
BVpS4.45
TBVpS2.6
PEG (NY)N/A
PEG (5Y)4.21
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
WACC10.47%
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-24.14%
EPS Next 2Y20.06%
EPS Next 3Y28.95%
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-3.71%
Revenue Next 2Y16.18%
Revenue Next 3Y20.72%
Revenue Next 5Y19.45%
EBIT growth 1Y-20.79%
EBIT growth 3Y-14.86%
EBIT growth 5Y16.25%
EBIT Next Year-1.95%
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 5 / 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 8 / 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 70.56 and the Price/Book (PB) ratio is 29.5.
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%.