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

AMS:BESI • NL0012866412

Current stock price

247.2 EUR
+7.8 (+3.26%)
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.
  • In the past year BESI had a positive cash flow from operations.
  • In the past 5 years BESI has always been profitable.
  • In the past 5 years BESI always reported a positive cash flow from operatings.
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

  • BESI has a Return On Assets of 11.82%. This is comparable to the rest of the industry: BESI outperforms 59.09% of its industry peers.
  • BESI has a Return On Equity of 31.61%. This is in the better half of the industry: BESI outperforms 78.79% of its industry peers.
  • BESI has a Return On Invested Capital of 13.53%. This is in the better half of the industry: BESI outperforms 65.15% 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 15.52%.
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 63.64% of its industry peers.
  • BESI's Profit Margin has declined in the last couple of years.
  • BESI's Operating Margin of 29.27% is fine compared to the rest of the industry. BESI outperforms 68.18% of its industry peers.
  • In the last couple of years the Operating Margin of BESI has declined.
  • With an excellent Gross Margin value of 63.29%, BESI belongs to the best of the industry, outperforming 86.36% of the companies in the same industry.
  • 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

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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.
  • The number of shares outstanding for BESI has been increased compared to 5 years ago.
  • Compared to 1 year ago, BESI has a worse debt to assets ratio.
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

  • An Altman-Z score of 19.41 indicates that BESI is not in any danger for bankruptcy at the moment.
  • The Altman-Z score of BESI (19.41) is better than 78.79% of its industry peers.
  • 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.
  • Looking at the Debt to FCF ratio, with a value of 3.82, BESI is in line with its industry, outperforming 42.42% of the companies in the same industry.
  • A Debt/Equity ratio of 1.24 is on the high side and indicates that BESI has dependencies on debt financing.
  • The Debt to Equity ratio of BESI (1.24) is worse than 93.94% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.24
Debt/FCF 3.82
Altman-Z 19.41
ROIC/WACC1.15
WACC11.74%
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.
  • BESI's Current ratio of 5.55 is amongst the best of the industry. BESI outperforms 89.39% of its industry peers.
  • 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 95.45% 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

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

6

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 -15.49%.
  • The Earnings Per Share has been decreasing by -0.12% on average over the past years.
  • BESI shows a small growth in Revenue. In the last year, the Revenue has grown by 4.42%.
  • 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)-15.49%
EPS 3Y-16.97%
EPS 5Y-0.12%
EPS Q2Q%62.49%
Revenue 1Y (TTM)4.42%
Revenue growth 3Y-6.48%
Revenue growth 5Y6.4%
Sales Q2Q%28.36%

3.2 Future

  • The Earnings Per Share is expected to grow by 41.91% 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 25.03% on average per year.
EPS Next Y114.7%
EPS Next 2Y78.17%
EPS Next 3Y59.05%
EPS Next 5Y41.91%
Revenue Next Year46.53%
Revenue Next 2Y38.95%
Revenue Next 3Y32.19%
Revenue Next 5Y25.03%

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

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2

4. BESI.AS Valuation Analysis

4.1 Price/Earnings Ratio

  • BESI is valuated quite expensively with a Price/Earnings ratio of 129.42.
  • Based on the Price/Earnings ratio, BESI is valued more expensive than 89.39% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of BESI to the average of the S&P500 Index (26.64), we can say BESI is valued expensively.
  • BESI is valuated quite expensively with a Price/Forward Earnings ratio of 46.91.
  • Based on the Price/Forward Earnings ratio, BESI is valued a bit more expensive than 66.67% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 21.36. BESI is valued rather expensively when compared to this.
Industry RankSector Rank
PE 129.42
Fwd PE 46.91
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 92.42% of the companies in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of BESI indicates a slightly more expensive valuation: BESI is more expensive than 72.73% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 147.12
EV/EBITDA 94.75
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 PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • BESI has a very decent profitability rating, which may justify a higher PE ratio.
  • BESI's earnings are expected to grow with 59.05% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.13
PEG (5Y)N/A
EPS Next 2Y78.17%
EPS Next 3Y59.05%

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

3

5. BESI.AS Dividend Analysis

5.1 Amount

  • With a yearly dividend of 0.65%, BESI is not a good candidate for dividend investing.
  • BESI's Dividend Yield is a higher than the industry average which is at 0.49.
  • With a Dividend Yield of 0.65, BESI pays less dividend than the S&P500 average, which is at 1.82.
Industry RankSector Rank
Dividend Yield 0.65%

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

  • 131.27% 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.
DP131.27%
EPS Next 2Y78.17%
EPS Next 3Y59.05%
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

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BESI.AS Fundamentals: All Metrics, Ratios and Statistics

BE SEMICONDUCTOR INDUSTRIES

AMS:BESI (4/30/2026, 7:00:00 PM)

247.2

+7.8 (+3.26%)

Chartmill FA Rating
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Industry Strength97.97
Industry Growth93.33
Earnings (Last)04-23
Earnings (Next)07-23
Inst Owners64.7%
Inst Owner ChangeN/A
Ins Owners1.84%
Ins Owner ChangeN/A
Market Cap20.06B
Revenue(TTM)632.07M
Net Income(TTM)131.64M
Analysts73.79
Price Target188.12 (-23.9%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.65%
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)-1.1%
PT rev (3m)17.81%
EPS NQ rev (1m)3.76%
EPS NQ rev (3m)25.35%
EPS NY rev (1m)-0.04%
EPS NY rev (3m)6.06%
Revenue NQ rev (1m)1.18%
Revenue NQ rev (3m)12.59%
Revenue NY rev (1m)0.68%
Revenue NY rev (3m)4.22%
Valuation
Industry RankSector Rank
PE 129.42
Fwd PE 46.91
P/S 33.92
P/FCF 147.12
P/OCF 112.61
P/B 48.18
P/tB 75.13
EV/EBITDA 94.75
EPS(TTM)1.91
EY0.77%
EPS(NY)5.27
Fwd EY2.13%
FCF(TTM)1.68
FCFY0.68%
OCF(TTM)2.2
OCFY0.89%
SpS7.29
BVpS5.13
TBVpS3.29
PEG (NY)1.13
PEG (5Y)N/A
Graham Number14.8497 (-93.99%)
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 19.41
F-Score5
WACC11.74%
ROIC/WACC1.15
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)-15.49%
EPS 3Y-16.97%
EPS 5Y-0.12%
EPS Q2Q%62.49%
EPS Next Y114.7%
EPS Next 2Y78.17%
EPS Next 3Y59.05%
EPS Next 5Y41.91%
Revenue 1Y (TTM)4.42%
Revenue growth 3Y-6.48%
Revenue growth 5Y6.4%
Sales Q2Q%28.36%
Revenue Next Year46.53%
Revenue Next 2Y38.95%
Revenue Next 3Y32.19%
Revenue Next 5Y25.03%
EBIT growth 1Y-11.58%
EBIT growth 3Y-16.16%
EBIT growth 5Y2.95%
EBIT Next Year115.4%
EBIT Next 3Y56.61%
EBIT Next 5Y39.6%
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 for BESI stock?

ChartMill assigns a valuation rating of 2 / 10 to BE SEMICONDUCTOR INDUSTRIES (BESI.AS). This can be considered as Overvalued.


Can you provide the profitability details for BE SEMICONDUCTOR INDUSTRIES?

BE SEMICONDUCTOR INDUSTRIES (BESI.AS) has a profitability rating of 6 / 10.


Can you provide the PE and PB ratios for BESI stock?

The Price/Earnings (PE) ratio for BE SEMICONDUCTOR INDUSTRIES (BESI.AS) is 129.42 and the Price/Book (PB) ratio is 48.18.


What is the expected EPS growth for BE SEMICONDUCTOR INDUSTRIES (BESI.AS) stock?

The Earnings per Share (EPS) of BE SEMICONDUCTOR INDUSTRIES (BESI.AS) is expected to grow by 114.7% in the next year.