BE SEMICONDUCTOR INDUSTRIES (BESI.AS) Stock Fundamental Analysis
Europe - AMS:BESI - NL0012866412 - Common Stock
147.05 EUR
+2.8 (+1.94%)
Taking everything into account, BESI scores 6 out of 10 in our fundamental rating. BESI was compared to 54 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.
Each year in the past 5 years BESI had a positive operating cash flow.
1.2 Ratios
The Return On Assets of BESI (15.92%) is better than 79.66% of its industry peers.
BESI's Return On Equity of 47.58% is amongst the best of the industry. BESI outperforms 91.53% of its industry peers.
BESI's Return On Invested Capital of 15.29% is fine compared to the rest of the industry. BESI outperforms 71.19% of its industry peers.
The Average Return On Invested Capital over the past 3 years for BESI is above the industry average of 15.08%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 15.92% | ||
| ROE | 47.58% | ||
| ROIC | 15.29% |
ROA(3y)18.56%
ROA(5y)18.98%
ROE(3y)38.87%
ROE(5y)39.57%
ROIC(3y)19.02%
ROIC(5y)19.17%
1.3 Margins
With a decent Profit Margin value of 28.20%, BESI is doing good in the industry, outperforming 77.97% of the companies in the same industry.
BESI's Profit Margin has improved in the last couple of years.
The Operating Margin of BESI (31.27%) is better than 76.27% of its industry peers.
BESI's Operating Margin has improved in the last couple of years.
The Gross Margin of BESI (63.90%) is better than 86.44% of its industry peers.
In the last couple of years the Gross Margin of BESI has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 31.27% | ||
| PM (TTM) | 28.2% | ||
| GM | 63.9% |
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%
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.
The number of shares outstanding for BESI has been increased compared to 5 years ago.
BESI has a worse debt/assets ratio than last year.
2.2 Solvency
BESI has an Altman-Z score of 12.26. This indicates that BESI is financially healthy and has little risk of bankruptcy at the moment.
BESI's Altman-Z score of 12.26 is amongst the best of the industry. BESI outperforms 84.75% of its industry peers.
BESI has a debt to FCF ratio of 2.85. This is a good value and a sign of high solvency as BESI would need 2.85 years to pay back of all of its debts.
The Debt to FCF ratio of BESI (2.85) is comparable to the rest of the industry.
A Debt/Equity ratio of 1.50 is on the high side and indicates that BESI has dependencies on debt financing.
BESI has a worse Debt to Equity ratio (1.50) than 91.53% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.5 | ||
| Debt/FCF | 2.85 | ||
| Altman-Z | 12.26 |
ROIC/WACC1.51
WACC10.15%
2.3 Liquidity
BESI has a Current Ratio of 5.73. This indicates that BESI is financially healthy and has no problem in meeting its short term obligations.
With an excellent Current ratio value of 5.73, BESI belongs to the best of the industry, outperforming 96.61% of the companies in the same industry.
BESI has a Quick Ratio of 5.06. This indicates that BESI is financially healthy and has no problem in meeting its short term obligations.
With an excellent Quick ratio value of 5.06, BESI belongs to the best of the industry, outperforming 98.31% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 5.73 | ||
| Quick Ratio | 5.06 |
3. Growth
3.1 Past
BESI shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -17.00%.
The Earnings Per Share has been growing by 16.76% on average over the past years. This is quite good.
BESI shows a decrease in Revenue. In the last year, the revenue decreased by -5.75%.
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)-17%
EPS 3Y-12.13%
EPS 5Y16.76%
EPS Q2Q%-45.9%
Revenue 1Y (TTM)-5.75%
Revenue growth 3Y-6.76%
Revenue growth 5Y11.27%
Sales Q2Q%-14.52%
3.2 Future
BESI is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 24.55% yearly.
BESI is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 19.10% yearly.
EPS Next Y-23.91%
EPS Next 2Y22.36%
EPS Next 3Y28.75%
EPS Next 5Y24.55%
Revenue Next Year-2.53%
Revenue Next 2Y17%
Revenue Next 3Y20.17%
Revenue Next 5Y19.1%
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
BESI is valuated quite expensively with a Price/Earnings ratio of 79.06.
Based on the Price/Earnings ratio, BESI is valued expensively inside the industry as 83.05% of the companies are valued cheaper.
The average S&P500 Price/Earnings ratio is at 26.89. BESI is valued rather expensively when compared to this.
With a Price/Forward Earnings ratio of 42.70, BESI can be considered very expensive at the moment.
BESI's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. BESI is more expensive than 77.97% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.99, BESI is valued quite expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 79.06 | ||
| Fwd PE | 42.7 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BESI is valued expensively inside the industry as 86.44% of the companies are valued cheaper.
BESI's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 62.86 | ||
| EV/EBITDA | 57.3 |
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 28.75% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)4.72
EPS Next 2Y22.36%
EPS Next 3Y28.75%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.51%, BESI has a reasonable but not impressive dividend return.
BESI's Dividend Yield is rather good when compared to the industry average which is at 1.08. BESI pays more dividend than 84.75% of the companies in the same industry.
Compared to the average S&P500 Dividend Yield of 2.31, BESI is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.51% |
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
5.3 Sustainability
101.47% 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.
DP101.47%
EPS Next 2Y22.36%
EPS Next 3Y28.75%
AMS:BESI (10/24/2025, 7:00:00 PM)
147.05
+2.8 (+1.94%)
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 Cap11.93B
Revenue(TTM)578.39M
Net Income(TTM)169.85M
Analysts77.04
Price Target142.53 (-3.07%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.51% |
Yearly Dividend2.19
Dividend Growth(5Y)5.49%
DP101.47%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-14.53%
Min EPS beat(2)-18.69%
Max EPS beat(2)-10.38%
EPS beat(4)2
Avg EPS beat(4)-0.47%
Min EPS beat(4)-18.69%
Max EPS beat(4)23.83%
EPS beat(8)5
Avg EPS beat(8)0.79%
EPS beat(12)9
Avg EPS beat(12)2.66%
EPS beat(16)9
Avg EPS beat(16)0.94%
Revenue beat(2)0
Avg Revenue beat(2)-7.62%
Min Revenue beat(2)-9.3%
Max Revenue beat(2)-5.94%
Revenue beat(4)0
Avg Revenue beat(4)-5.86%
Min Revenue beat(4)-9.3%
Max Revenue beat(4)-0.38%
Revenue beat(8)1
Avg Revenue beat(8)-3.51%
Revenue beat(12)3
Avg Revenue beat(12)-2.6%
Revenue beat(16)4
Avg Revenue beat(16)-2.64%
PT rev (1m)2.59%
PT rev (3m)3.78%
EPS NQ rev (1m)-1.03%
EPS NQ rev (3m)-35.99%
EPS NY rev (1m)0%
EPS NY rev (3m)-36.87%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-13.35%
Revenue NY rev (1m)1.39%
Revenue NY rev (3m)-6.55%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 79.06 | ||
| Fwd PE | 42.7 | ||
| P/S | 19.81 | ||
| P/FCF | 62.86 | ||
| P/OCF | 57.78 | ||
| P/B | 33.43 | ||
| P/tB | 57.37 | ||
| EV/EBITDA | 57.3 |
EPS(TTM)1.86
EY1.26%
EPS(NY)3.44
Fwd EY2.34%
FCF(TTM)2.34
FCFY1.59%
OCF(TTM)2.54
OCFY1.73%
SpS7.42
BVpS4.4
TBVpS2.56
PEG (NY)N/A
PEG (5Y)4.72
Graham Number13.57
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 15.92% | ||
| ROE | 47.58% | ||
| ROCE | 20.38% | ||
| ROIC | 15.29% | ||
| ROICexc | 15.29% | ||
| ROICexgc | 18.23% | ||
| OM | 31.27% | ||
| PM (TTM) | 28.2% | ||
| GM | 63.9% | ||
| FCFM | 31.52% |
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 Turnover0.56
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.5 | ||
| Debt/FCF | 2.85 | ||
| Debt/EBITDA | 2.47 | ||
| Cap/Depr | 56.75% | ||
| Cap/Sales | 2.77% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 94.86% | ||
| Profit Quality | 111.78% | ||
| Current Ratio | 5.73 | ||
| Quick Ratio | 5.06 | ||
| Altman-Z | 12.26 |
F-Score5
WACC10.15%
ROIC/WACC1.51
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)-17%
EPS 3Y-12.13%
EPS 5Y16.76%
EPS Q2Q%-45.9%
EPS Next Y-23.91%
EPS Next 2Y22.36%
EPS Next 3Y28.75%
EPS Next 5Y24.55%
Revenue 1Y (TTM)-5.75%
Revenue growth 3Y-6.76%
Revenue growth 5Y11.27%
Sales Q2Q%-14.52%
Revenue Next Year-2.53%
Revenue Next 2Y17%
Revenue Next 3Y20.17%
Revenue Next 5Y19.1%
EBIT growth 1Y-5.13%
EBIT growth 3Y-14.92%
EBIT growth 5Y16.2%
EBIT Next Year-3.96%
EBIT Next 3Y33.27%
EBIT Next 5Y28.26%
FCF growth 1Y-32.49%
FCF growth 3Y-11.48%
FCF growth 5Y9.96%
OCF growth 1Y-28.66%
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 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 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 79.06 and the Price/Book (PB) ratio is 33.43.
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 101.47%.