BE SEMICONDUCTOR INDUSTRIES (BSI.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:BSI - NL0012866412 - Common Stock
174 EUR
-0.75 (-0.43%)
We assign a fundamental rating of 5 out of 10 to BSI. BSI was compared to 69 industry peers in the Semiconductors & Semiconductor Equipment industry. BSI has an excellent profitability rating, but there are some minor concerns on its financial health. BSI is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
- BSI had positive earnings in the past year.
- BSI had a positive operating cash flow in the past year.
- In the past 5 years BSI has always been profitable.
- Each year in the past 5 years BSI had a positive operating cash flow.
1.2 Ratios
- The Return On Assets of BSI (13.84%) is better than 71.01% of its industry peers.
- BSI has a Return On Equity of 40.95%. This is amongst the best in the industry. BSI outperforms 85.51% of its industry peers.
- BSI's Return On Invested Capital of 12.76% is fine compared to the rest of the industry. BSI outperforms 60.87% of its industry peers.
- BSI had an Average Return On Invested Capital over the past 3 years of 17.85%. This is above the industry average of 14.31%.
- The 3 year average ROIC (17.85%) for BSI is well above the current ROIC(12.76%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.84% | ||
| ROE | 40.95% | ||
| ROIC | 12.76% |
ROA(3y)18.56%
ROA(5y)18.98%
ROE(3y)38.87%
ROE(5y)39.57%
ROIC(3y)17.85%
ROIC(5y)17.99%
1.3 Margins
- With a decent Profit Margin value of 25.56%, BSI is doing good in the industry, outperforming 72.46% of the companies in the same industry.
- In the last couple of years the Profit Margin of BSI has grown nicely.
- Looking at the Operating Margin, with a value of 29.02%, BSI is in the better half of the industry, outperforming 68.12% of the companies in the same industry.
- BSI's Operating Margin has improved in the last couple of years.
- BSI has a better Gross Margin (63.31%) than 86.96% of its industry peers.
- In the last couple of years the Gross Margin of BSI has grown nicely.
| Industry Rank | Sector 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%
2. Health
2.1 Basic Checks
- BSI has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
- The number of shares outstanding for BSI has been increased compared to 1 year ago.
- BSI has more shares outstanding than it did 5 years ago.
- BSI has a worse debt/assets ratio than last year.
2.2 Solvency
- BSI has a debt to FCF ratio of 3.01. This is a good value and a sign of high solvency as BSI would need 3.01 years to pay back of all of its debts.
- The Debt to FCF ratio of BSI (3.01) is comparable to the rest of the industry.
- A Debt/Equity ratio of 1.49 is on the high side and indicates that BSI has dependencies on debt financing.
- BSI's Debt to Equity ratio of 1.49 is on the low side compared to the rest of the industry. BSI is outperformed by 95.65% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.49 | ||
| Debt/FCF | 3.01 | ||
| Altman-Z | N/A |
ROIC/WACC1.19
WACC10.76%
2.3 Liquidity
- A Current Ratio of 5.77 indicates that BSI has no problem at all paying its short term obligations.
- With an excellent Current ratio value of 5.77, BSI belongs to the best of the industry, outperforming 94.20% of the companies in the same industry.
- A Quick Ratio of 5.04 indicates that BSI has no problem at all paying its short term obligations.
- With an excellent Quick ratio value of 5.04, BSI belongs to the best of the industry, outperforming 94.20% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 5.77 | ||
| Quick Ratio | 5.04 |
3. Growth
3.1 Past
- The earnings per share for BSI have decreased strongly by -16.96% in the last year.
- BSI shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 16.76% yearly.
- The Revenue has decreased by -5.75% in the past year.
- Measured over the past years, BSI 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
- BSI is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 25.36% yearly.
- BSI 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.
- The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 93.55, BSI can be considered very expensive at the moment.
- 85.51% of the companies in the same industry are cheaper than BSI, based on the Price/Earnings ratio.
- The average S&P500 Price/Earnings ratio is at 27.25. BSI is valued rather expensively when compared to this.
- Based on the Price/Forward Earnings ratio of 51.78, the valuation of BSI can be described as expensive.
- Based on the Price/Forward Earnings ratio, BSI is valued expensively inside the industry as 82.61% of the companies are valued cheaper.
- The average S&P500 Price/Forward Earnings ratio is at 25.98. BSI is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 93.55 | ||
| Fwd PE | 51.78 |
4.2 Price Multiples
- 91.30% of the companies in the same industry are cheaper than BSI, based on the Enterprise Value to EBITDA ratio.
- Based on the Price/Free Cash Flow ratio, BSI is valued a bit more expensive than 60.87% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 79.07 | ||
| EV/EBITDA | 73.7 |
4.3 Compensation for Growth
- The excellent profitability rating of BSI may justify a higher PE ratio.
- BSI'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)5.58
EPS Next 2Y20.87%
EPS Next 3Y29.4%
5. Dividend
5.1 Amount
- BSI has a Yearly Dividend Yield of 1.25%. Purely for dividend investing, there may be better candidates out there.
- Compared to an average industry Dividend Yield of 0.74, BSI pays a bit more dividend than its industry peers.
- BSI's Dividend Yield is slightly below the S&P500 average, which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.25% |
5.2 History
- The dividend of BSI has a limited annual growth rate of 5.49%.
Dividend Growth(5Y)5.49%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
- 116.89% of the earnings are spent on dividend by BSI. This is not a sustainable payout ratio.
- The dividend of BSI is growing, but earnings are growing more, so the dividend growth is sustainable.
DP116.89%
EPS Next 2Y20.87%
EPS Next 3Y29.4%
BE SEMICONDUCTOR INDUSTRIES / BSI.DE FAQ
What is the fundamental rating for BSI stock?
ChartMill assigns a fundamental rating of 5 / 10 to BSI.DE.
What is the valuation status of BE SEMICONDUCTOR INDUSTRIES (BSI.DE) stock?
ChartMill assigns a valuation rating of 1 / 10 to BE SEMICONDUCTOR INDUSTRIES (BSI.DE). This can be considered as Overvalued.
How profitable is BE SEMICONDUCTOR INDUSTRIES (BSI.DE) stock?
BE SEMICONDUCTOR INDUSTRIES (BSI.DE) has a profitability rating of 8 / 10.
Can you provide the PE and PB ratios for BSI stock?
The Price/Earnings (PE) ratio for BE SEMICONDUCTOR INDUSTRIES (BSI.DE) is 93.55 and the Price/Book (PB) ratio is 39.11.
What is the financial health of BE SEMICONDUCTOR INDUSTRIES (BSI.DE) stock?
The financial health rating of BE SEMICONDUCTOR INDUSTRIES (BSI.DE) is 4 / 10.