BE SEMICONDUCTOR INDUSTRIES (BSI.DE) Stock Fundamental Analysis
FRA:BSI - Deutsche Boerse Ag - NL0012866412 - Common Stock - Currency: EUR
Taking everything into account, BSI scores 6 out of 10 in our fundamental rating. BSI was compared to 56 industry peers in the Semiconductors & Semiconductor Equipment industry. While BSI belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. BSI is valued quite expensively, but it does show have an excellent growth rating. These ratings could make BSI a good candidate for growth investing.
1. Profitability
1.1 Basic Checks
In the past year BSI was profitable.
In the past year BSI had a positive cash flow from operations.
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
Looking at the Return On Assets, with a value of 15.23%, BSI is in the better half of the industry, outperforming 69.64% of the companies in the same industry.
BSI's Return On Equity of 38.16% is amongst the best of the industry. BSI outperforms 82.14% of its industry peers.
With a decent Return On Invested Capital value of 17.74%, BSI is doing good in the industry, outperforming 71.43% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for BSI is significantly above the industry average of 16.97%.
The last Return On Invested Capital (17.74%) for BSI is well below the 3 year average (26.17%), which needs to be investigated, but indicates that BSI had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 15.23% | ||
| ROE | 38.16% | ||
| ROIC | 17.74% |
ROA(3y)21.88%
ROA(5y)18.36%
ROE(3y)41.97%
ROE(5y)37.76%
ROIC(3y)26.17%
ROIC(5y)21.51%
1.3 Margins
With an excellent Profit Margin value of 28.94%, BSI belongs to the best of the industry, outperforming 85.71% of the companies in the same industry.
In the last couple of years the Profit Margin of BSI has grown nicely.
The Operating Margin of BSI (34.40%) is better than 91.07% of its industry peers.
BSI's Operating Margin has improved in the last couple of years.
BSI has a Gross Margin of 65.46%. This is amongst the best in the industry. BSI outperforms 89.29% of its industry peers.
In the last couple of years the Gross Margin of BSI has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 34.4% | ||
| PM (TTM) | 28.94% | ||
| GM | 65.46% |
OM growth 3Y2.17%
OM growth 5Y2.15%
PM growth 3Y0.1%
PM growth 5Y3.35%
GM growth 3Y2.87%
GM growth 5Y2.67%
2. Health
2.1 Basic Checks
BSI has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
BSI has less shares outstanding than it did 1 year ago.
The number of shares outstanding for BSI has been increased compared to 5 years ago.
The debt/assets ratio for BSI is higher compared to a year ago.
2.2 Solvency
BSI has a debt to FCF ratio of 3.03. This is a good value and a sign of high solvency as BSI would need 3.03 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 3.03, BSI is in line with its industry, outperforming 57.14% of the companies in the same industry.
BSI has a Debt/Equity ratio of 1.15. This is a high value indicating a heavy dependency on external financing.
BSI's Debt to Equity ratio of 1.15 is on the low side compared to the rest of the industry. BSI is outperformed by 89.29% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.15 | ||
| Debt/FCF | 3.03 | ||
| Altman-Z | N/A |
ROIC/WACC1.52
WACC11.64%
2.3 Liquidity
A Current Ratio of 6.87 indicates that BSI has no problem at all paying its short term obligations.
BSI's Current ratio of 6.87 is amongst the best of the industry. BSI outperforms 96.43% of its industry peers.
BSI has a Quick Ratio of 6.12. This indicates that BSI is financially healthy and has no problem in meeting its short term obligations.
With an excellent Quick ratio value of 6.12, BSI belongs to the best of the industry, outperforming 96.43% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 6.87 | ||
| Quick Ratio | 6.12 |
3. Growth
3.1 Past
BSI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 9.27%, which is quite good.
The Earnings Per Share has been growing slightly by 5.64% on average over the past years.
The Revenue has grown by 10.19% in the past year. This is quite good.
The Revenue has been growing slightly by 1.96% on average over the past years.
EPS 1Y (TTM)9.27%
EPS 3Y10.12%
EPS 5Y5.64%
EPS Q2Q%31.11%
Revenue 1Y (TTM)10.19%
Revenue growth 3Y10.11%
Revenue growth 5Y1.96%
Sales Q2Q%26.96%
3.2 Future
Based on estimates for the next years, BSI will show a very strong growth in Earnings Per Share. The EPS will grow by 27.45% on average per year.
Based on estimates for the next years, BSI will show a very strong growth in Revenue. The Revenue will grow by 21.49% on average per year.
EPS Next Y1.77%
EPS Next 2Y27.99%
EPS Next 3Y33.45%
EPS Next 5Y27.45%
Revenue Next Year9.06%
Revenue Next 2Y22.36%
Revenue Next 3Y25.52%
Revenue Next 5Y21.49%
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.
4. Valuation
4.1 Price/Earnings Ratio
BSI is valuated quite expensively with a Price/Earnings ratio of 53.93.
83.93% of the companies in the same industry are cheaper than BSI, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of BSI to the average of the S&P500 Index (28.58), we can say BSI is valued expensively.
Based on the Price/Forward Earnings ratio of 33.07, the valuation of BSI can be described as expensive.
Based on the Price/Forward Earnings ratio, BSI is valued a bit more expensive than the industry average as 75.00% of the companies are valued more cheaply.
BSI's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 95.03.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 53.93 | ||
| Fwd PE | 33.07 |
4.2 Price Multiples
BSI's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. BSI is more expensive than 75.00% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of BSI is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 55.04 | ||
| EV/EBITDA | 39.24 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The excellent profitability rating of BSI may justify a higher PE ratio.
BSI's earnings are expected to grow with 33.45% in the coming years. This may justify a more expensive valuation.
PEG (NY)30.52
PEG (5Y)9.56
EPS Next 2Y27.99%
EPS Next 3Y33.45%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.75%, BSI has a reasonable but not impressive dividend return.
BSI's Dividend Yield is rather good when compared to the industry average which is at 1.49. BSI pays more dividend than 80.36% of the companies in the same industry.
Compared to the average S&P500 Dividend Yield of 2.28, BSI is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.75% |
5.2 History
The dividend of BSI has a limited annual growth rate of 3.98%.
Dividend Growth(5Y)3.98%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
96.59% 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.
DP96.59%
EPS Next 2Y27.99%
EPS Next 3Y33.45%
BE SEMICONDUCTOR INDUSTRIES
FRA:BSI (2/4/2025, 7:00:00 PM)
120.8
+0.6 (+0.5%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners76.07%
Inst Owner ChangeN/A
Ins Owners1.66%
Ins Owner ChangeN/A
Market Cap9.80B
Analysts76.92
Price Target146.6 (21.36%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.75% |
Yearly Dividend2.86
Dividend Growth(5Y)3.98%
DP96.59%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)2.16%
Min EPS beat(2)0.94%
Max EPS beat(2)3.37%
EPS beat(4)3
Avg EPS beat(4)1.03%
Min EPS beat(4)-11.94%
Max EPS beat(4)11.73%
EPS beat(8)7
Avg EPS beat(8)4.34%
EPS beat(12)8
Avg EPS beat(12)1.83%
EPS beat(16)10
Avg EPS beat(16)4.2%
Revenue beat(2)0
Avg Revenue beat(2)-1.61%
Min Revenue beat(2)-2.84%
Max Revenue beat(2)-0.38%
Revenue beat(4)1
Avg Revenue beat(4)-0.64%
Min Revenue beat(4)-4.34%
Max Revenue beat(4)4.99%
Revenue beat(8)3
Avg Revenue beat(8)-0.78%
Revenue beat(12)4
Avg Revenue beat(12)-1.48%
Revenue beat(16)6
Avg Revenue beat(16)-0.91%
PT rev (1m)6.48%
PT rev (3m)1.05%
EPS NQ rev (1m)1.93%
EPS NQ rev (3m)-15.38%
EPS NY rev (1m)0.33%
EPS NY rev (3m)0.33%
Revenue NQ rev (1m)0.48%
Revenue NQ rev (3m)-5.03%
Revenue NY rev (1m)-0.16%
Revenue NY rev (3m)-0.16%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 53.93 | ||
| Fwd PE | 33.07 | ||
| P/S | 15.97 | ||
| P/FCF | 55.04 | ||
| P/OCF | 51.46 | ||
| P/B | 21.06 | ||
| P/tB | 30.14 | ||
| EV/EBITDA | 39.24 |
EPS(TTM)2.24
EY1.85%
EPS(NY)3.65
Fwd EY3.02%
FCF(TTM)2.19
FCFY1.82%
OCF(TTM)2.35
OCFY1.94%
SpS7.56
BVpS5.74
TBVpS4.01
PEG (NY)30.52
PEG (5Y)9.56
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 15.23% | ||
| ROE | 38.16% | ||
| ROCE | 20.56% | ||
| ROIC | 17.74% | ||
| ROICexc | 46.77% | ||
| ROICexgc | 73.05% | ||
| OM | 34.4% | ||
| PM (TTM) | 28.94% | ||
| GM | 65.46% | ||
| FCFM | 29.02% |
ROA(3y)21.88%
ROA(5y)18.36%
ROE(3y)41.97%
ROE(5y)37.76%
ROIC(3y)26.17%
ROIC(5y)21.51%
ROICexc(3y)73.78%
ROICexc(5y)64.41%
ROICexgc(3y)120.41%
ROICexgc(5y)108.52%
ROCE(3y)30.33%
ROCE(5y)24.92%
ROICexcg growth 3Y-7.25%
ROICexcg growth 5Y-0.39%
ROICexc growth 3Y-4.58%
ROICexc growth 5Y-2.48%
OM growth 3Y2.17%
OM growth 5Y2.15%
PM growth 3Y0.1%
PM growth 5Y3.35%
GM growth 3Y2.87%
GM growth 5Y2.67%
F-Score6
Asset Turnover0.53
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.15 | ||
| Debt/FCF | 3.03 | ||
| Debt/EBITDA | 2.25 | ||
| Cap/Depr | 44.73% | ||
| Cap/Sales | 2.02% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 79.74% | ||
| Profit Quality | 100.28% | ||
| Current Ratio | 6.87 | ||
| Quick Ratio | 6.12 | ||
| Altman-Z | N/A |
F-Score6
WACC11.64%
ROIC/WACC1.52
Cap/Depr(3y)28.93%
Cap/Depr(5y)24.29%
Cap/Sales(3y)0.95%
Cap/Sales(5y)0.91%
Profit Quality(3y)106.85%
Profit Quality(5y)116.89%
High Growth Momentum
Growth
EPS 1Y (TTM)9.27%
EPS 3Y10.12%
EPS 5Y5.64%
EPS Q2Q%31.11%
EPS Next Y1.77%
EPS Next 2Y27.99%
EPS Next 3Y33.45%
EPS Next 5Y27.45%
Revenue 1Y (TTM)10.19%
Revenue growth 3Y10.11%
Revenue growth 5Y1.96%
Sales Q2Q%26.96%
Revenue Next Year9.06%
Revenue Next 2Y22.36%
Revenue Next 3Y25.52%
Revenue Next 5Y21.49%
EBIT growth 1Y7.74%
EBIT growth 3Y12.5%
EBIT growth 5Y4.16%
EBIT Next Year14.58%
EBIT Next 3Y36.36%
EBIT Next 5Y27.18%
FCF growth 1Y-36.66%
FCF growth 3Y8.53%
FCF growth 5Y2.58%
OCF growth 1Y-33.64%
OCF growth 3Y8.78%
OCF growth 5Y2.53%