BE SEMICONDUCTOR INDUSTRIES (BSI.DE) Stock Fundamental Analysis
FRA:BSI - Deutsche Boerse Ag - NL0012866412 - Common Stock - Currency: EUR
We assign a fundamental rating of 6 out of 10 to BSI. BSI was compared to 58 industry peers in the Semiconductors & Semiconductor Equipment industry. BSI scores excellent on profitability, but there are some minor concerns on its financial health. BSI is valued quite expensive, but it does show an excellent growth. With these ratings, BSI could be worth investigating further for growth investing!.
1. Profitability
1.1 Basic Checks
In the past year BSI was profitable.
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 (14.74%) is better than 67.24% of its industry peers.
Looking at the Return On Equity, with a value of 36.31%, BSI is in the better half of the industry, outperforming 79.31% of the companies in the same industry.
The Return On Invested Capital of BSI (12.89%) is comparable to the rest of the industry.
Measured over the past 3 years, the Average Return On Invested Capital for BSI is in line with the industry average of 16.14%.
The last Return On Invested Capital (12.89%) for BSI is well below the 3 year average (17.85%), which needs to be investigated, but indicates that BSI had better years and this may not be a problem.
| 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
Looking at the Profit Margin, with a value of 29.96%, BSI belongs to the top of the industry, outperforming 91.38% of the companies in the same industry.
BSI's Profit Margin has improved in the last couple of years.
With an excellent Operating Margin value of 32.20%, BSI belongs to the best of the industry, outperforming 82.76% 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 (65.18%) than 91.38% of its industry peers.
In the last couple of years the Gross Margin of BSI has grown nicely.
| 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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so BSI is still creating some value.
BSI has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, BSI has more shares outstanding
BSI has a worse debt/assets ratio than last year.
2.2 Solvency
BSI has an Altman-Z score of 8.86. This indicates that BSI is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of BSI (8.86) is better than 86.21% of its industry peers.
BSI has a debt to FCF ratio of 2.88. This is a good value and a sign of high solvency as BSI would need 2.88 years to pay back of 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 58.62% of the companies in the same industry.
A Debt/Equity ratio of 1.07 is on the high side and indicates that BSI has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 1.07, BSI is doing worse than 87.93% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.07 | ||
| Debt/FCF | 2.88 | ||
| Altman-Z | 8.86 |
ROIC/WACC1.25
WACC10.28%
2.3 Liquidity
A Current Ratio of 5.98 indicates that BSI has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 5.98, BSI belongs to the top of the industry, outperforming 96.55% of the companies in the same industry.
A Quick Ratio of 5.36 indicates that BSI has no problem at all paying its short term obligations.
BSI has a Quick ratio of 5.36. This is amongst the best in the industry. BSI outperforms 96.55% of its industry peers.
| 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 3.88%.
BSI shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 16.92% yearly.
BSI shows a small growth in Revenue. In the last year, the Revenue has grown by 4.94%.
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)3.88%
EPS 3Y-11.92%
EPS 5Y16.92%
EPS Q2Q%11.25%
Revenue 1Y (TTM)4.94%
Revenue growth 3Y-6.76%
Revenue growth 5Y11.27%
Sales Q2Q%-1.83%
3.2 Future
BSI is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 28.67% yearly.
BSI is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 23.41% yearly.
EPS Next Y50.12%
EPS Next 2Y48.14%
EPS Next 3Y42.9%
EPS Next 5Y28.67%
Revenue Next Year20.22%
Revenue Next 2Y27.88%
Revenue Next 3Y24.87%
Revenue Next 5Y23.41%
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.
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 43.71, BSI can be considered very expensive at the moment.
BSI's Price/Earnings ratio is rather expensive when compared to the industry. BSI is more expensive than 86.21% of the companies in the same industry.
BSI's Price/Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 29.35.
BSI is valuated quite expensively with a Price/Forward Earnings ratio of 29.16.
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 75.86% 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 (22.10), we can say BSI is valued slightly more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 43.71 | ||
| Fwd PE | 29.16 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BSI is valued expensively inside the industry as 82.76% of the companies are valued cheaper.
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 | 43.53 | ||
| EV/EBITDA | 33.39 |
4.3 Compensation for Growth
BSI's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap 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 42.90% in the coming years.
PEG (NY)0.87
PEG (5Y)2.58
EPS Next 2Y48.14%
EPS Next 3Y42.9%
5. Dividend
5.1 Amount
BSI has a Yearly Dividend Yield of 2.16%.
Compared to an average industry Dividend Yield of 1.50, BSI pays a better dividend. On top of this BSI pays more dividend than 84.48% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.33, BSI has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.16% |
5.2 History
The dividend of BSI has a limited annual growth rate of 5.49%.
Dividend Growth(5Y)5.49%
Div Incr Years0
Div Non Decr Years0
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 2Y48.14%
EPS Next 3Y42.9%
FRA:BSI (3/7/2025, 7:00:00 PM)
101.4
+0.15 (+0.15%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners71.84%
Inst Owner ChangeN/A
Ins Owners1.66%
Ins Owner ChangeN/A
Market Cap8.23B
Analysts75.56
Price Target145.26 (43.25%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.16% |
Yearly Dividend2.19
Dividend Growth(5Y)5.49%
DP94.25%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)13.97%
Min EPS beat(2)3.37%
Max EPS beat(2)24.57%
EPS beat(4)3
Avg EPS beat(4)4.24%
Min EPS beat(4)-11.94%
Max EPS beat(4)24.57%
EPS beat(8)7
Avg EPS beat(8)6.96%
EPS beat(12)9
Avg EPS beat(12)4.07%
EPS beat(16)10
Avg EPS beat(16)3.45%
Revenue beat(2)0
Avg Revenue beat(2)-3.49%
Min Revenue beat(2)-6.59%
Max Revenue beat(2)-0.38%
Revenue beat(4)0
Avg Revenue beat(4)-3.54%
Min Revenue beat(4)-6.59%
Max Revenue beat(4)-0.38%
Revenue beat(8)2
Avg Revenue beat(8)-1.75%
Revenue beat(12)4
Avg Revenue beat(12)-1.64%
Revenue beat(16)5
Avg Revenue beat(16)-1.45%
PT rev (1m)-0.91%
PT rev (3m)7.27%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-2.94%
EPS NY rev (1m)-4.8%
EPS NY rev (3m)-6.62%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.76%
Revenue NY rev (1m)-12.96%
Revenue NY rev (3m)-13.62%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 43.71 | ||
| Fwd PE | 29.16 | ||
| P/S | 13.55 | ||
| P/FCF | 43.53 | ||
| P/OCF | 40.92 | ||
| P/B | 16.42 | ||
| P/tB | 22.95 | ||
| EV/EBITDA | 33.39 |
EPS(TTM)2.32
EY2.29%
EPS(NY)3.48
Fwd EY3.43%
FCF(TTM)2.33
FCFY2.3%
OCF(TTM)2.48
OCFY2.44%
SpS7.49
BVpS6.18
TBVpS4.42
PEG (NY)0.87
PEG (5Y)2.58
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 | 8.86 |
F-Score6
WACC10.28%
ROIC/WACC1.25
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)3.88%
EPS 3Y-11.92%
EPS 5Y16.92%
EPS Q2Q%11.25%
EPS Next Y50.12%
EPS Next 2Y48.14%
EPS Next 3Y42.9%
EPS Next 5Y28.67%
Revenue 1Y (TTM)4.94%
Revenue growth 3Y-6.76%
Revenue growth 5Y11.27%
Sales Q2Q%-1.83%
Revenue Next Year20.22%
Revenue Next 2Y27.88%
Revenue Next 3Y24.87%
Revenue Next 5Y23.41%
EBIT growth 1Y-8.34%
EBIT growth 3Y-14.92%
EBIT growth 5Y16.2%
EBIT Next Year76.76%
EBIT Next 3Y44.42%
EBIT Next 5Y32.35%
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%