BE SEMICONDUCTOR INDUSTRIES (BSI.DE) Stock Fundamental Analysis
FRA:BSI - Deutsche Boerse Ag - NL0012866412 - Common Stock - Currency: EUR
We assign a fundamental rating of 7 out of 10 to BSI. BSI was compared to 51 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 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
BSI had positive earnings in the past year.
BSI had a positive operating cash flow in the past year.
BSI had positive earnings in each of the past 5 years.
In the past 5 years BSI always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 14.74%, BSI is in the better half of the industry, outperforming 74.51% of the companies in the same industry.
BSI's Return On Equity of 36.31% is amongst the best of the industry. BSI outperforms 84.31% of its industry peers.
BSI has a better Return On Invested Capital (12.89%) than 62.75% 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 15.31%.
The 3 year average ROIC (17.85%) for BSI is well above the current ROIC(12.89%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 14.74% | ||
| ROE | 36.31% | ||
| ROIC | 12.89% |
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
BSI has a better Profit Margin (29.96%) than 88.24% of its industry peers.
BSI's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 32.20%, BSI belongs to the top of the industry, outperforming 82.35% of the companies in the same industry.
BSI's Operating Margin has improved in the last couple of years.
The Gross Margin of BSI (65.18%) is better than 84.31% of its industry peers.
BSI's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 32.2% | ||
| PM (TTM) | 29.96% | ||
| GM | 65.18% |
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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), BSI is creating some value.
Compared to 1 year ago, BSI has more shares outstanding
BSI has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, BSI has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 10.23 indicates that BSI is not in any danger for bankruptcy at the moment.
The Altman-Z score of BSI (10.23) is better than 76.47% of its industry peers.
The Debt to FCF ratio of BSI is 2.88, which is a good value as it means it would take BSI, 2.88 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 2.88, BSI is in line with its industry, outperforming 49.02% of the companies in the same industry.
BSI has a Debt/Equity ratio of 1.07. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of BSI (1.07) is worse than 92.16% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.07 | ||
| Debt/FCF | 2.88 | ||
| Altman-Z | 10.23 |
ROIC/WACC1.24
WACC10.36%
2.3 Liquidity
A Current Ratio of 5.98 indicates that BSI has no problem at all paying its short term obligations.
With an excellent Current ratio value of 5.98, BSI belongs to the best of the industry, outperforming 94.12% of the companies in the same industry.
BSI has a Quick Ratio of 5.36. This indicates that BSI is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 5.36, BSI belongs to the top of the industry, outperforming 94.12% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 5.98 | ||
| Quick Ratio | 5.36 |
3. Growth
3.1 Past
BSI shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 1.35%.
The Earnings Per Share has been growing by 16.76% on average over the past years. This is quite good.
The Revenue has been growing slightly by 2.29% 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)1.35%
EPS 3Y-12.13%
EPS 5Y16.76%
EPS Q2Q%-9.09%
Revenue 1Y (TTM)2.29%
Revenue growth 3Y-6.76%
Revenue growth 5Y11.27%
Sales Q2Q%-1.48%
3.2 Future
The Earnings Per Share is expected to grow by 24.29% on average over the next years. This is a very strong growth
Based on estimates for the next years, BSI will show a very strong growth in Revenue. The Revenue will grow by 20.54% on average per year.
EPS Next Y20.53%
EPS Next 2Y38%
EPS Next 3Y32.81%
EPS Next 5Y24.29%
Revenue Next Year4.29%
Revenue Next 2Y20.08%
Revenue Next 3Y20.43%
Revenue Next 5Y20.54%
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
Based on the Price/Earnings ratio of 53.98, the valuation of BSI can be described as expensive.
BSI's Price/Earnings ratio is rather expensive when compared to the industry. BSI is more expensive than 86.27% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.45. BSI is valued rather expensively when compared to this.
The Price/Forward Earnings ratio is 27.85, which means the current valuation is very expensive for BSI.
Compared to the rest of the industry, the Price/Forward Earnings ratio of BSI indicates a slightly more expensive valuation: BSI is more expensive than 72.55% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of BSI to the average of the S&P500 Index (21.90), we can say BSI is valued slightly more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 53.98 | ||
| Fwd PE | 27.85 |
4.2 Price Multiples
80.39% of the companies in the same industry are cheaper than BSI, based on the Enterprise Value to EBITDA ratio.
The rest of the industry has a similar Price/Free Cash Flow ratio as BSI.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 52.37 | ||
| EV/EBITDA | 40.85 |
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.
A more expensive valuation may be justified as BSI's earnings are expected to grow with 32.80% in the coming years.
PEG (NY)2.63
PEG (5Y)3.22
EPS Next 2Y38%
EPS Next 3Y32.81%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.68%, BSI has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 1.15, BSI pays a better dividend. On top of this BSI pays more dividend than 90.20% of the companies listed in the same industry.
Compared to the average S&P500 Dividend Yield of 2.42, BSI is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.68% |
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
94.25% 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.
DP94.25%
EPS Next 2Y38%
EPS Next 3Y32.81%
FRA:BSI (7/3/2025, 7:00:00 PM)
122
-0.3 (-0.25%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners71.93%
Inst Owner ChangeN/A
Ins Owners1.84%
Ins Owner ChangeN/A
Market Cap9.90B
Analysts77.14
Price Target134.37 (10.14%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.68% |
Yearly Dividend2.19
Dividend Growth(5Y)5.49%
DP94.25%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)13.6%
Min EPS beat(2)3.37%
Max EPS beat(2)23.83%
EPS beat(4)3
Avg EPS beat(4)4.05%
Min EPS beat(4)-11.94%
Max EPS beat(4)23.83%
EPS beat(8)7
Avg EPS beat(8)6.87%
EPS beat(12)9
Avg EPS beat(12)4%
EPS beat(16)10
Avg EPS beat(16)3.41%
Revenue beat(2)0
Avg Revenue beat(2)-4.11%
Min Revenue beat(2)-7.83%
Max Revenue beat(2)-0.38%
Revenue beat(4)0
Avg Revenue beat(4)-3.85%
Min Revenue beat(4)-7.83%
Max Revenue beat(4)-0.38%
Revenue beat(8)2
Avg Revenue beat(8)-1.91%
Revenue beat(12)4
Avg Revenue beat(12)-1.74%
Revenue beat(16)5
Avg Revenue beat(16)-1.53%
PT rev (1m)3.83%
PT rev (3m)-6.92%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-6.35%
EPS NY rev (1m)0%
EPS NY rev (3m)-4.15%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.69%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-13.25%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 53.98 | ||
| Fwd PE | 27.85 | ||
| P/S | 16.3 | ||
| P/FCF | 52.37 | ||
| P/OCF | 49.23 | ||
| P/B | 19.75 | ||
| P/tB | 27.61 | ||
| EV/EBITDA | 40.85 |
EPS(TTM)2.26
EY1.85%
EPS(NY)4.38
Fwd EY3.59%
FCF(TTM)2.33
FCFY1.91%
OCF(TTM)2.48
OCFY2.03%
SpS7.49
BVpS6.18
TBVpS4.42
PEG (NY)2.63
PEG (5Y)3.22
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 14.74% | ||
| ROE | 36.31% | ||
| ROCE | 18.32% | ||
| ROIC | 12.89% | ||
| ROICexc | 34.78% | ||
| ROICexgc | 54.37% | ||
| OM | 32.2% | ||
| PM (TTM) | 29.96% | ||
| GM | 65.18% | ||
| FCFM | 31.12% |
ROA(3y)18.56%
ROA(5y)18.98%
ROE(3y)38.87%
ROE(5y)39.57%
ROIC(3y)17.85%
ROIC(5y)17.99%
ROICexc(3y)47.67%
ROICexc(5y)53.06%
ROICexgc(3y)78.17%
ROICexgc(5y)88.01%
ROCE(3y)25.37%
ROCE(5y)25.56%
ROICexcg growth 3Y-21.99%
ROICexcg 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-Score6
Asset Turnover0.49
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.07 | ||
| Debt/FCF | 2.88 | ||
| Debt/EBITDA | 2.4 | ||
| Cap/Depr | 42.09% | ||
| Cap/Sales | 1.98% | ||
| Interest Coverage | 45.9 | ||
| Cash Conversion | 89.69% | ||
| Profit Quality | 103.88% | ||
| Current Ratio | 5.98 | ||
| Quick Ratio | 5.36 | ||
| Altman-Z | 10.23 |
F-Score6
WACC10.36%
ROIC/WACC1.24
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)1.35%
EPS 3Y-12.13%
EPS 5Y16.76%
EPS Q2Q%-9.09%
EPS Next Y20.53%
EPS Next 2Y38%
EPS Next 3Y32.81%
EPS Next 5Y24.29%
Revenue 1Y (TTM)2.29%
Revenue growth 3Y-6.76%
Revenue growth 5Y11.27%
Sales Q2Q%-1.48%
Revenue Next Year4.29%
Revenue Next 2Y20.08%
Revenue Next 3Y20.43%
Revenue Next 5Y20.54%
EBIT growth 1Y-8.34%
EBIT growth 3Y-14.92%
EBIT growth 5Y16.2%
EBIT Next Year15.49%
EBIT Next 3Y33.42%
EBIT Next 5Y27.43%
FCF growth 1Y-6.26%
FCF growth 3Y-11.48%
FCF growth 5Y9.96%
OCF growth 1Y-3.59%
OCF growth 3Y-10.22%
OCF growth 5Y10.86%