BE SEMICONDUCTOR INDUSTRIES (BESI.AS) Stock Fundamental Analysis

Europe • Euronext Amsterdam • AMS:BESI • NL0012866412

160.75 EUR
+3.2 (+2.03%)
Last: Feb 5, 2026, 07:00 PM
Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to BESI. BESI was compared to 63 industry peers in the Semiconductors & Semiconductor Equipment industry. While BESI belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. While showing a medium growth rate, BESI is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

8

1. Profitability

1.1 Basic Checks

  • BESI had positive earnings in the past year.
  • In the past year BESI had a positive cash flow from operations.
  • BESI had positive earnings in each of the past 5 years.
  • BESI had a positive operating cash flow in each of the past 5 years.
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 100M 200M 300M

1.2 Ratios

  • BESI has a better Return On Assets (13.84%) than 71.43% of its industry peers.
  • With an excellent Return On Equity value of 40.95%, BESI belongs to the best of the industry, outperforming 84.13% of the companies in the same industry.
  • BESI has a Return On Invested Capital of 13.59%. This is in the better half of the industry: BESI outperforms 66.67% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for BESI is above the industry average of 15.01%.
  • The 3 year average ROIC (19.02%) for BESI is well above the current ROIC(13.59%). The reason for the recent decline needs to be investigated.
Industry RankSector Rank
ROA 13.84%
ROE 40.95%
ROIC 13.59%
ROA(3y)18.56%
ROA(5y)18.98%
ROE(3y)38.87%
ROE(5y)39.57%
ROIC(3y)19.02%
ROIC(5y)19.17%
BESI.AS Yearly ROA, ROE, ROICBESI.AS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40

1.3 Margins

  • With a decent Profit Margin value of 25.56%, BESI is doing good in the industry, outperforming 71.43% of the companies in the same industry.
  • BESI's Profit Margin has improved in the last couple of years.
  • Looking at the Operating Margin, with a value of 29.02%, BESI is in the better half of the industry, outperforming 65.08% of the companies in the same industry.
  • BESI's Operating Margin has improved in the last couple of years.
  • BESI has a Gross Margin of 63.31%. This is amongst the best in the industry. BESI outperforms 85.71% of its industry peers.
  • In the last couple of years the Gross Margin of BESI has grown nicely.
Industry RankSector Rank
OM 29.02%
PM (TTM) 25.56%
GM 63.31%
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%
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 20 40 60

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), BESI is creating some 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.
  • 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 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 200M 400M 600M 800M 1B

2.2 Solvency

  • BESI has a debt to FCF ratio of 3.01. This is a good value and a sign of high solvency as BESI would need 3.01 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 3.01, BESI is in line with its industry, outperforming 42.86% 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.
  • Looking at the Debt to Equity ratio, with a value of 1.49, BESI is doing worse than 95.24% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.49
Debt/FCF 3.01
Altman-Z N/A
ROIC/WACC1.28
WACC10.64%
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 200M 400M 600M

2.3 Liquidity

  • A Current Ratio of 5.77 indicates that BESI has no problem at all paying its short term obligations.
  • With an excellent Current ratio value of 5.77, BESI belongs to the best of the industry, outperforming 96.83% 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.
  • Looking at the Quick ratio, with a value of 5.04, BESI belongs to the top of the industry, outperforming 96.83% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 5.77
Quick Ratio 5.04
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 200M 400M 600M 800M

More info and screens

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

6

3. Growth

3.1 Past

  • The earnings per share for BESI have decreased strongly by -16.96% in the last year.
  • Measured over the past years, BESI shows a quite strong growth in Earnings Per Share. The EPS has been growing by 16.76% on average per year.
  • 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)-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 25.36% yearly.
  • BESI is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 19.35% yearly.
EPS Next Y-25.61%
EPS Next 2Y20.87%
EPS Next 3Y29.4%
EPS Next 5Y25.36%
Revenue Next Year-4.4%
Revenue Next 2Y16.17%
Revenue Next 3Y20.76%
Revenue Next 5Y19.35%

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.
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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2 4 6 8

More info and screens

Find the best growth stocksShow best growing peers

1

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 86.42, BESI can be considered very expensive at the moment.
  • BESI's Price/Earnings ratio is rather expensive when compared to the industry. BESI is more expensive than 80.95% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of BESI to the average of the S&P500 Index (27.67), we can say BESI is valued expensively.
  • The Price/Forward Earnings ratio is 47.84, which means the current valuation is very expensive for BESI.
  • Based on the Price/Forward Earnings ratio, BESI is valued a bit more expensive than 79.37% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of BESI to the average of the S&P500 Index (27.20), we can say BESI is valued expensively.
Industry RankSector Rank
PE 86.42
Fwd PE 47.84
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

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, BESI is valued more expensive than 88.89% of the companies in the same industry.
  • 60.32% of the companies in the same industry are cheaper than BESI, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 73.05
EV/EBITDA 66.99
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

  • The excellent profitability rating of BESI may justify a higher PE ratio.
  • BESI's earnings are expected to grow with 29.40% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)5.16
EPS Next 2Y20.87%
EPS Next 3Y29.4%

More info and screens

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

3

5. Dividend

5.1 Amount

  • BESI has a Yearly Dividend Yield of 1.34%.
  • BESI's Dividend Yield is a higher than the industry average which is at 0.78.
  • BESI's Dividend Yield is slightly below the S&P500 average, which is at 1.82.
Industry RankSector Rank
Dividend Yield 1.34%

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
BESI.AS Yearly Dividends per shareBESI.AS Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 1 2 3

5.3 Sustainability

  • 116.89% of the earnings are spent on dividend by BESI. This is not a sustainable payout ratio.
  • The dividend of BESI is growing, but earnings are growing more, so the dividend growth is sustainable.
DP116.89%
EPS Next 2Y20.87%
EPS Next 3Y29.4%
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 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

BE SEMICONDUCTOR INDUSTRIES

AMS:BESI (2/5/2026, 7:00:00 PM)

160.75

+3.2 (+2.03%)

Chartmill FA Rating
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)10-23
Earnings (Next)02-19
Inst Owners70.23%
Inst Owner ChangeN/A
Ins Owners1.84%
Ins Owner ChangeN/A
Market Cap13.04B
Revenue(TTM)578.39M
Net Income(TTM)147.84M
Analysts77.04
Price Target159.68 (-0.67%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.34%
Yearly Dividend2.19
Dividend Growth(5Y)5.49%
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)4.86%
PT rev (3m)12.03%
EPS NQ rev (1m)5.15%
EPS NQ rev (3m)-14.1%
EPS NY rev (1m)0.64%
EPS NY rev (3m)-2.24%
Revenue NQ rev (1m)1.1%
Revenue NQ rev (3m)-3.84%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.92%
Valuation
Industry RankSector Rank
PE 86.42
Fwd PE 47.84
P/S 22.55
P/FCF 73.05
P/OCF 67.17
P/B 36.14
P/tB 61.82
EV/EBITDA 66.99
EPS(TTM)1.86
EY1.16%
EPS(NY)3.36
Fwd EY2.09%
FCF(TTM)2.2
FCFY1.37%
OCF(TTM)2.39
OCFY1.49%
SpS7.13
BVpS4.45
TBVpS2.6
PEG (NY)N/A
PEG (5Y)5.16
Graham Number13.64
Profitability
Industry RankSector Rank
ROA 13.84%
ROE 40.95%
ROCE 18.13%
ROIC 13.59%
ROICexc 13.59%
ROICexgc 16.22%
OM 29.02%
PM (TTM) 25.56%
GM 63.31%
FCFM 30.87%
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 Turnover0.54
Health
Industry RankSector Rank
Debt/Equity 1.49
Debt/FCF 3.01
Debt/EBITDA 2.7
Cap/Depr 50.32%
Cap/Sales 2.7%
Interest Coverage 250
Cash Conversion 97.64%
Profit Quality 120.79%
Current Ratio 5.77
Quick Ratio 5.04
Altman-Z N/A
F-Score5
WACC10.64%
ROIC/WACC1.28
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)-16.96%
EPS 3Y-12.13%
EPS 5Y16.76%
EPS Q2Q%-45.76%
EPS Next Y-25.61%
EPS Next 2Y20.87%
EPS Next 3Y29.4%
EPS Next 5Y25.36%
Revenue 1Y (TTM)-5.75%
Revenue growth 3Y-6.76%
Revenue growth 5Y11.27%
Sales Q2Q%-15.23%
Revenue Next Year-4.4%
Revenue Next 2Y16.17%
Revenue Next 3Y20.76%
Revenue Next 5Y19.35%
EBIT growth 1Y-20.39%
EBIT growth 3Y-14.92%
EBIT growth 5Y16.2%
EBIT Next Year-3.51%
EBIT Next 3Y34.14%
EBIT Next 5Y27.61%
FCF growth 1Y-23.79%
FCF growth 3Y-11.48%
FCF growth 5Y9.96%
OCF growth 1Y-19.72%
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 5 / 10 to BESI.AS.


What is the valuation status of BE SEMICONDUCTOR INDUSTRIES (BESI.AS) stock?

ChartMill assigns a valuation rating of 1 / 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 financial health of BE SEMICONDUCTOR INDUSTRIES (BESI.AS) stock?

The financial health rating of BE SEMICONDUCTOR INDUSTRIES (BESI.AS) is 4 / 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 116.89%.