BE SEMICONDUCTOR INDUSTRIES (BSI.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:BSI - NL0012866412 - Common Stock
174.75 EUR
-2.25 (-1.27%)
Taking everything into account, BSI scores 5 out of 10 in our fundamental rating. 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.
- Each year in the past 5 years BSI has been profitable.
- In the past 5 years BSI always reported a positive cash flow from operatings.
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.
- Looking at the Return On Invested Capital, with a value of 12.76%, BSI is in the better half of the industry, outperforming 60.87% of the companies in the same industry.
- 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
- BSI has a better Profit Margin (25.56%) than 72.46% of its industry peers.
- In the last couple of years the Profit Margin of BSI has grown nicely.
- BSI has a Operating Margin of 29.02%. This is in the better half of the industry: BSI outperforms 68.12% of its industry peers.
- BSI's Operating Margin has improved in the last couple of years.
- BSI has a Gross Margin of 63.31%. This is amongst the best in the industry. BSI outperforms 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
- 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
- Compared to 5 years ago, BSI has more shares outstanding
- Compared to 1 year ago, BSI has a worse debt to assets ratio.
2.2 Solvency
- The Debt to FCF ratio of BSI is 3.01, which is a good value as it means it would take BSI, 3.01 years of fcf income to pay off all of its debts.
- BSI has a Debt to FCF ratio (3.01) which is comparable to the rest of the industry.
- BSI has a Debt/Equity ratio of 1.49. This is a high value indicating a heavy dependency on external financing.
- With a Debt to Equity ratio value of 1.49, BSI is not doing good in the industry: 95.65% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.49 | ||
| Debt/FCF | 3.01 | ||
| Altman-Z | N/A |
ROIC/WACC1.19
WACC10.76%
2.3 Liquidity
- BSI has a Current Ratio of 5.77. This indicates that BSI is financially healthy and has no problem in meeting its short term obligations.
- BSI's Current ratio of 5.77 is amongst the best of the industry. BSI outperforms 94.20% of its industry peers.
- BSI has a Quick Ratio of 5.04. This indicates that BSI is financially healthy and has no problem in meeting its short term obligations.
- The Quick ratio of BSI (5.04) is better than 94.20% 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 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.
- BSI shows a decrease in Revenue. In the last year, the revenue decreased by -5.75%.
- 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
- Based on estimates for the next years, BSI will show a very strong growth in Earnings Per Share. The EPS will grow by 25.36% on average per year.
- Based on estimates for the next years, BSI will show a quite strong growth in Revenue. The Revenue will grow by 19.35% on average per year.
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
- 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 93.95, which means the current valuation is very expensive for BSI.
- BSI's Price/Earnings ratio is rather expensive when compared to the industry. BSI is more expensive than 85.51% of the companies in the same industry.
- BSI is valuated expensively when we compare the Price/Earnings ratio to 27.21, which is the current average of the S&P500 Index.
- BSI is valuated quite expensively with a Price/Forward Earnings ratio of 52.00.
- Based on the Price/Forward Earnings ratio, BSI is valued more expensive than 82.61% of the companies in the same industry.
- BSI's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 25.98.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 93.95 | ||
| Fwd PE | 52 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BSI indicates a rather expensive valuation: BSI more expensive than 91.30% of the companies listed in the same industry.
- Based on the Price/Free Cash Flow ratio, BSI is valued a bit more expensive than 62.32% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 79.41 | ||
| EV/EBITDA | 74 |
4.3 Compensation for Growth
- BSI has an outstanding profitability rating, which 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)5.61
EPS Next 2Y20.87%
EPS Next 3Y29.4%
5. Dividend
5.1 Amount
- BSI has a Yearly Dividend Yield of 1.25%.
- 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 1.81.
| 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
- BSI pays out 116.89% of its income as dividend. This is not a sustainable payout ratio.
- BSI's earnings are growing more than its dividend. This makes the dividend growth 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 93.95 and the Price/Book (PB) ratio is 39.28.
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.