BE SEMICONDUCTOR INDUSTRIES (BESI.AS) Stock Fundamental Analysis
Europe - Euronext Amsterdam - AMS:BESI - NL0012866412 - Common Stock
139.55 EUR
+2.05 (+1.49%)
Overall BESI gets a fundamental rating of 6 out of 10. We evaluated BESI against 65 industry peers in the Semiconductors & Semiconductor Equipment industry. BESI has an excellent profitability rating, but there are some minor concerns on its financial health. BESI is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
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.
Each year in the past 5 years BESI had a positive operating cash flow.
1.2 Ratios
BESI's Return On Assets of 13.86% is fine compared to the rest of the industry. BESI outperforms 77.42% of its industry peers.
BESI's Return On Equity of 41.00% is amongst the best of the industry. BESI outperforms 85.48% 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 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 15.20%.
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
With a decent Profit Margin value of 25.59%, BESI is doing good in the industry, outperforming 75.81% of the companies in the same industry.
In the last couple of years the Profit Margin of BESI has grown nicely.
With a decent Operating Margin value of 28.87%, BESI is doing good in the industry, outperforming 70.97% of the companies in the same industry.
BESI's Operating Margin has improved in the last couple of years.
BESI has a better Gross Margin (63.31%) than 87.10% 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.
Compared to 5 years ago, BESI has more shares outstanding
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.
With a Debt to FCF ratio value of 3.02, BESI perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
A Debt/Equity ratio of 1.49 is on the high side and indicates that BESI has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 1.49, BESI is doing worse than 91.94% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.49 | ||
| Debt/FCF | 3.02 | ||
| Altman-Z | N/A |
ROIC/WACC1.3
WACC10.39%
2.3 Liquidity
A Current Ratio of 5.77 indicates that BESI has no problem at all paying its short term obligations.
BESI has a better Current ratio (5.77) than 96.77% of its industry peers.
BESI has a Quick Ratio of 5.04. This indicates that BESI is financially healthy and has no problem in meeting its short term obligations.
BESI has a Quick ratio of 5.04. This is amongst the best in 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
The earnings per share for BESI have decreased strongly by -16.96% in the last year.
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%.
Measured over the past years, BESI shows a quite strong growth in Revenue. The Revenue has been growing by 11.27% on average per year.
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
BESI is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 25.72% yearly.
The Revenue is expected to grow by 19.45% on average over the next years. This is quite good.
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
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 75.03, 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 80.65% of the companies listed in the same industry.
BESI is valuated expensively when we compare the Price/Earnings ratio to 26.49, which is the current average of the S&P500 Index.
BESI is valuated quite expensively with a Price/Forward Earnings ratio of 42.09.
BESI's Price/Forward Earnings 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/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 23.69.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 75.03 | ||
| Fwd PE | 42.09 |
4.2 Price Multiples
BESI's Enterprise Value to EBITDA ratio is rather expensive when compared to the industry. BESI is more expensive than 87.10% of the companies in the same industry.
The rest of the industry has a similar Price/Free Cash Flow ratio as BESI.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 63.62 | ||
| EV/EBITDA | 59.84 |
4.3 Compensation for Growth
BESI has an outstanding profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as BESI's earnings are expected to grow with 28.95% in the coming years.
PEG (NY)N/A
PEG (5Y)4.48
EPS Next 2Y20.06%
EPS Next 3Y28.95%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.59%, 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 1.18. BESI pays more dividend than 82.26% 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 | 1.59% |
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 (12/5/2025, 7:00:00 PM)
139.55
+2.05 (+1.49%)
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 Cap11.32B
Revenue(TTM)578.39M
Net Income(TTM)148.00M
Analysts77.04
Price Target152.29 (9.13%)
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)-1.26%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 75.03 | ||
| Fwd PE | 42.09 | ||
| P/S | 19.58 | ||
| P/FCF | 63.62 | ||
| P/OCF | 58.37 | ||
| P/B | 31.37 | ||
| P/tB | 53.67 | ||
| EV/EBITDA | 59.84 |
EPS(TTM)1.86
EY1.33%
EPS(NY)3.32
Fwd EY2.38%
FCF(TTM)2.19
FCFY1.57%
OCF(TTM)2.39
OCFY1.71%
SpS7.13
BVpS4.45
TBVpS2.6
PEG (NY)N/A
PEG (5Y)4.48
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
WACC10.39%
ROIC/WACC1.3
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 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 75.03 and the Price/Book (PB) ratio is 31.37.
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%.