BE SEMICONDUCTOR INDUSTRIES (BSI.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:BSI - NL0012866412 - Common Stock
177 EUR
+3.35 (+1.93%)
BSI gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 68 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 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.
- 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 72.06% of its industry peers.
- BSI has a better Return On Equity (40.95%) than 83.82% of its industry peers.
- The Return On Invested Capital of BSI (12.76%) is better than 63.24% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for BSI is above the industry average of 14.62%.
- 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 73.53% of the companies in the same industry.
- In the last couple of years the Profit Margin of BSI has grown nicely.
- BSI's Operating Margin of 29.02% is fine compared to the rest of the industry. BSI outperforms 69.12% 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 88.24% 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
- The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so BSI is still 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.
- With a Debt to FCF ratio value of 3.01, BSI perfoms like the industry average, outperforming 44.12% of the companies in the same industry.
- BSI has a Debt/Equity ratio of 1.49. This is a high value indicating a heavy dependency on external financing.
- BSI has a worse Debt to Equity ratio (1.49) than 97.06% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.49 | ||
| Debt/FCF | 3.01 | ||
| Altman-Z | N/A |
ROIC/WACC1.26
WACC10.15%
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.
- With an excellent Current ratio value of 5.77, BSI belongs to the best of the industry, outperforming 95.59% 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.
- Looking at the Quick ratio, with a value of 5.04, BSI belongs to the top of the industry, outperforming 95.59% 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.
- The Earnings Per Share has been growing by 16.76% on average over the past years. This is quite good.
- Looking at the last year, BSI shows a decrease in Revenue. The Revenue has decreased by -5.75% in the last 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
- The Earnings Per Share is expected to grow by 25.36% on average over the next years. This is a very strong growth
- The Revenue is expected to grow by 19.35% on average over the next years. This is quite good.
EPS Next Y-26.09%
EPS Next 2Y19.97%
EPS Next 3Y28.99%
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
- BSI is valuated quite expensively with a Price/Earnings ratio of 95.16.
- Based on the Price/Earnings ratio, BSI is valued more expensive than 83.82% of the companies in the same industry.
- BSI's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 27.30.
- With a Price/Forward Earnings ratio of 53.47, BSI can be considered very expensive at the moment.
- Based on the Price/Forward Earnings ratio, BSI is valued more expensive than 82.35% 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 24.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 95.16 | ||
| Fwd PE | 53.47 |
4.2 Price Multiples
- BSI's Enterprise Value to EBITDA ratio is rather expensive when compared to the industry. BSI is more expensive than 91.18% of the companies in the same industry.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of BSI indicates a slightly more expensive valuation: BSI is more expensive than 64.71% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 80.44 | ||
| EV/EBITDA | 74.92 |
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 28.99% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)5.68
EPS Next 2Y19.97%
EPS Next 3Y28.99%
5. Dividend
5.1 Amount
- BSI has a Yearly Dividend Yield of 1.26%.
- BSI's Dividend Yield is a higher than the industry average which is at 0.72.
- Compared to the average S&P500 Dividend Yield of 1.82, BSI is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.26% |
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.
- The dividend of BSI is growing, but earnings are growing more, so the dividend growth is sustainable.
DP116.89%
EPS Next 2Y19.97%
EPS Next 3Y28.99%
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 95.16 and the Price/Book (PB) ratio is 39.79.
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.