BE SEMICONDUCTOR INDUSTRIES (BESI.AS) Fundamental Analysis & Valuation

AMS:BESI • NL0012866412

Current stock price

174.85 EUR
-10.55 (-5.69%)
Last:

This BESI.AS fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. BESI.AS Profitability Analysis

1.1 Basic Checks

  • In the past year BESI was profitable.
  • 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.
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 2025 100M 200M 300M

1.2 Ratios

  • Looking at the Return On Assets, with a value of 11.82%, BESI is in the better half of the industry, outperforming 60.34% of the companies in the same industry.
  • With an excellent Return On Equity value of 31.61%, BESI belongs to the best of the industry, outperforming 81.03% of the companies in the same industry.
  • BESI has a better Return On Invested Capital (13.53%) than 63.79% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for BESI is in line with the industry average of 14.64%.
Industry RankSector Rank
ROA 11.82%
ROE 31.61%
ROIC 13.53%
ROA(3y)15.44%
ROA(5y)18.44%
ROE(3y)36.65%
ROE(5y)38.77%
ROIC(3y)16.12%
ROIC(5y)19.1%
BESI.AS Yearly ROA, ROE, ROICBESI.AS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40

1.3 Margins

  • The Profit Margin of BESI (22.26%) is better than 63.79% of its industry peers.
  • In the last couple of years the Profit Margin of BESI has declined.
  • With a decent Operating Margin value of 29.27%, BESI is doing good in the industry, outperforming 67.24% of the companies in the same industry.
  • In the last couple of years the Operating Margin of BESI has declined.
  • The Gross Margin of BESI (63.29%) is better than 84.48% of its industry peers.
  • In the last couple of years the Gross Margin of BESI has remained more or less at the same level.
Industry RankSector Rank
OM 29.27%
PM (TTM) 22.26%
GM 63.29%
OM growth 3Y-10.35%
OM growth 5Y-3.24%
PM growth 3Y-12.55%
PM growth 5Y-6.11%
GM growth 3Y1.08%
GM growth 5Y1.2%
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 2025 20 40 60

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

6

2. BESI.AS Health Analysis

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.
  • BESI has about the same amout of shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, BESI has more shares outstanding
  • 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 2025 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 2025 200M 400M 600M 800M 1B

2.2 Solvency

  • BESI has an Altman-Z score of 15.09. This indicates that BESI is financially healthy and has little risk of bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 15.09, BESI is in the better half of the industry, outperforming 79.31% of the companies in the same industry.
  • BESI has a debt to FCF ratio of 3.82. This is a good value and a sign of high solvency as BESI would need 3.82 years to pay back of all of its debts.
  • BESI has a Debt to FCF ratio of 3.82. This is comparable to the rest of the industry: BESI outperforms 44.83% of its industry peers.
  • A Debt/Equity ratio of 1.24 is on the high side and indicates that BESI has dependencies on debt financing.
  • BESI has a worse Debt to Equity ratio (1.24) than 94.83% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.24
Debt/FCF 3.82
Altman-Z 15.09
ROIC/WACC1.23
WACC11.01%
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 2025 200M 400M 600M

2.3 Liquidity

  • A Current Ratio of 5.55 indicates that BESI has no problem at all paying its short term obligations.
  • Looking at the Current ratio, with a value of 5.55, BESI belongs to the top of the industry, outperforming 94.83% of the companies in the same industry.
  • BESI has a Quick Ratio of 4.88. This indicates that BESI is financially healthy and has no problem in meeting its short term obligations.
  • BESI has a better Quick ratio (4.88) than 96.55% of its industry peers.
Industry RankSector Rank
Current Ratio 5.55
Quick Ratio 4.88
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 2025 200M 400M 600M 800M

More info and screens

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

5

3. BESI.AS Growth Analysis

3.1 Past

  • BESI shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -27.83%.
  • BESI shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -0.12% yearly.
  • BESI shows a decrease in Revenue. In the last year, the revenue decreased by -2.66%.
  • Measured over the past years, BESI shows a small growth in Revenue. The Revenue has been growing by 6.40% on average per year.
EPS 1Y (TTM)-27.83%
EPS 3Y-16.97%
EPS 5Y-0.12%
EPS Q2Q%-27.03%
Revenue 1Y (TTM)-2.66%
Revenue growth 3Y-6.48%
Revenue growth 5Y6.4%
Sales Q2Q%8.44%

3.2 Future

  • The Earnings Per Share is expected to grow by 39.79% on average over the next years. This is a very strong growth
  • Based on estimates for the next years, BESI will show a very strong growth in Revenue. The Revenue will grow by 24.20% on average per year.
EPS Next Y114.78%
EPS Next 2Y78.69%
EPS Next 3Y59.62%
EPS Next 5Y39.79%
Revenue Next Year45.55%
Revenue Next 2Y38.35%
Revenue Next 3Y32.03%
Revenue Next 5Y24.2%

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.
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 2017 2019 2021 2023 2025 2027 2029 2031 2033 2 4 6 8 10

More info and screens

Find the best growth stocksShow best growing peers

2

4. BESI.AS Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 105.33, which means the current valuation is very expensive for BESI.
  • Compared to the rest of the industry, the Price/Earnings ratio of BESI indicates a rather expensive valuation: BESI more expensive than 91.38% of the companies listed in the same industry.
  • BESI is valuated expensively when we compare the Price/Earnings ratio to 24.88, which is the current average of the S&P500 Index.
  • With a Price/Forward Earnings ratio of 49.04, BESI can be considered very expensive at the moment.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of BESI indicates a slightly more expensive valuation: BESI is more expensive than 75.86% of the companies listed in the same industry.
  • When comparing the Price/Forward Earnings ratio of BESI to the average of the S&P500 Index (22.19), we can say BESI is valued expensively.
Industry RankSector Rank
PE 105.33
Fwd PE 49.04
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 91.38% of the companies in the same industry.
  • BESI's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. BESI is more expensive than 67.24% of the companies in the same industry.
Industry RankSector Rank
P/FCF 104.06
EV/EBITDA 70.45
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's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • The decent profitability rating of BESI may justify a higher PE ratio.
  • A more expensive valuation may be justified as BESI's earnings are expected to grow with 59.62% in the coming years.
PEG (NY)0.92
PEG (5Y)N/A
EPS Next 2Y78.69%
EPS Next 3Y59.62%

More info and screens

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

3

5. BESI.AS Dividend Analysis

5.1 Amount

  • BESI has a yearly dividend return of 0.86%, which is pretty low.
  • Compared to an average industry Dividend Yield of 0.79, BESI pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.90, BESI's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.86%

5.2 History

  • The dividend of BESI is nicely growing with an annual growth rate of 16.56%!
Dividend Growth(5Y)16.56%
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

  • BESI pays out 131.27% of its income as dividend. This is not a sustainable payout ratio.
  • BESI's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP131.27%
EPS Next 2Y78.69%
EPS Next 3Y59.62%
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 2025 50M 100M 150M 200M 250M
BESI.AS Dividend Payout.BESI.AS Dividend Payout, showing the Payout Ratio.BESI.AS Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

BESI.AS Fundamentals: All Metrics, Ratios and Statistics

BE SEMICONDUCTOR INDUSTRIES

AMS:BESI (3/27/2026, 7:00:00 PM)

174.85

-10.55 (-5.69%)

Chartmill FA Rating
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)02-19
Earnings (Next)04-23
Inst Owners67.31%
Inst Owner ChangeN/A
Ins Owners1.84%
Ins Owner ChangeN/A
Market Cap14.19B
Revenue(TTM)591.33M
Net Income(TTM)131.64M
Analysts74.29
Price Target190.2 (8.78%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.86%
Yearly Dividend2.18
Dividend Growth(5Y)16.56%
DP131.27%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.06%
Min EPS beat(2)-8.32%
Max EPS beat(2)8.44%
EPS beat(4)1
Avg EPS beat(4)-7.24%
Min EPS beat(4)-18.69%
Max EPS beat(4)8.44%
EPS beat(8)4
Avg EPS beat(8)-1.59%
EPS beat(12)8
Avg EPS beat(12)2.17%
EPS beat(16)10
Avg EPS beat(16)1.19%
Revenue beat(2)1
Avg Revenue beat(2)-1.92%
Min Revenue beat(2)-5.51%
Max Revenue beat(2)1.68%
Revenue beat(4)1
Avg Revenue beat(4)-4.77%
Min Revenue beat(4)-9.3%
Max Revenue beat(4)1.68%
Revenue beat(8)1
Avg Revenue beat(8)-4.31%
Revenue beat(12)3
Avg Revenue beat(12)-2.86%
Revenue beat(16)5
Avg Revenue beat(16)-2.5%
PT rev (1m)11.1%
PT rev (3m)24.9%
EPS NQ rev (1m)20.81%
EPS NQ rev (3m)21.88%
EPS NY rev (1m)6.1%
EPS NY rev (3m)7.71%
Revenue NQ rev (1m)11.28%
Revenue NQ rev (3m)11.69%
Revenue NY rev (1m)3.52%
Revenue NY rev (3m)3.52%
Valuation
Industry RankSector Rank
PE 105.33
Fwd PE 49.04
P/S 24
P/FCF 104.06
P/OCF 79.65
P/B 34.08
P/tB 53.14
EV/EBITDA 70.45
EPS(TTM)1.66
EY0.95%
EPS(NY)3.57
Fwd EY2.04%
FCF(TTM)1.68
FCFY0.96%
OCF(TTM)2.2
OCFY1.26%
SpS7.29
BVpS5.13
TBVpS3.29
PEG (NY)0.92
PEG (5Y)N/A
Graham Number13.84
Profitability
Industry RankSector Rank
ROA 11.82%
ROE 31.61%
ROCE 18.04%
ROIC 13.53%
ROICexc 31.17%
ROICexgc 48.6%
OM 29.27%
PM (TTM) 22.26%
GM 63.29%
FCFM 23.06%
ROA(3y)15.44%
ROA(5y)18.44%
ROE(3y)36.65%
ROE(5y)38.77%
ROIC(3y)16.12%
ROIC(5y)19.1%
ROICexc(3y)38.18%
ROICexc(5y)52.12%
ROICexgc(3y)61.33%
ROICexgc(5y)84.1%
ROCE(3y)21.5%
ROCE(5y)25.47%
ROICexgc growth 3Y-24.81%
ROICexgc growth 5Y-12.88%
ROICexc growth 3Y-23.24%
ROICexc growth 5Y-10.13%
OM growth 3Y-10.35%
OM growth 5Y-3.24%
PM growth 3Y-12.55%
PM growth 5Y-6.11%
GM growth 3Y1.08%
GM growth 5Y1.2%
F-Score5
Asset Turnover0.53
Health
Industry RankSector Rank
Debt/Equity 1.24
Debt/FCF 3.82
Debt/EBITDA 2.51
Cap/Depr 125.31%
Cap/Sales 7.07%
Interest Coverage 8.64
Cash Conversion 86.31%
Profit Quality 103.58%
Current Ratio 5.55
Quick Ratio 4.88
Altman-Z 15.09
F-Score5
WACC11.01%
ROIC/WACC1.23
Cap/Depr(3y)64.74%
Cap/Depr(5y)50.84%
Cap/Sales(3y)3.41%
Cap/Sales(5y)2.38%
Profit Quality(3y)107.11%
Profit Quality(5y)105.6%
High Growth Momentum
Growth
EPS 1Y (TTM)-27.83%
EPS 3Y-16.97%
EPS 5Y-0.12%
EPS Q2Q%-27.03%
EPS Next Y114.78%
EPS Next 2Y78.69%
EPS Next 3Y59.62%
EPS Next 5Y39.79%
Revenue 1Y (TTM)-2.66%
Revenue growth 3Y-6.48%
Revenue growth 5Y6.4%
Sales Q2Q%8.44%
Revenue Next Year45.55%
Revenue Next 2Y38.35%
Revenue Next 3Y32.03%
Revenue Next 5Y24.2%
EBIT growth 1Y-11.58%
EBIT growth 3Y-16.16%
EBIT growth 5Y2.95%
EBIT Next Year114.25%
EBIT Next 3Y56.88%
EBIT Next 5Y36.92%
FCF growth 1Y-27.87%
FCF growth 3Y-19.88%
FCF growth 5Y-2.88%
OCF growth 1Y-11.41%
OCF growth 3Y-13.14%
OCF growth 5Y1.92%

BE SEMICONDUCTOR INDUSTRIES / BESI.AS Fundamental Analysis 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 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 6 / 10.


What is the financial health of BE SEMICONDUCTOR INDUSTRIES (BESI.AS) stock?

The financial health rating of BE SEMICONDUCTOR INDUSTRIES (BESI.AS) is 6 / 10.


Can you provide the dividend sustainability for BESI stock?

The dividend rating of BE SEMICONDUCTOR INDUSTRIES (BESI.AS) is 3 / 10 and the dividend payout ratio is 131.27%.