APPLIED MATERIALS INC (AP2.DE) Stock Fundamental Analysis

Europe • Frankfurt Stock Exchange • FRA:AP2 • US0382221051

274.95 EUR
+2.4 (+0.88%)
Last: Feb 9, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

6

Taking everything into account, AP2 scores 6 out of 10 in our fundamental rating. AP2 was compared to 69 industry peers in the Semiconductors & Semiconductor Equipment industry. AP2 gets an excellent profitability rating and is at the same time showing great financial health properties. AP2 is not valued too expensively and it also shows a decent growth rate. These ratings could make AP2 a good candidate for quality investing.


Dividend Valuation Growth Profitability Health

8

1. Profitability

1.1 Basic Checks

  • In the past year AP2 was profitable.
  • In the past year AP2 had a positive cash flow from operations.
  • In the past 5 years AP2 has always been profitable.
  • AP2 had a positive operating cash flow in each of the past 5 years.
AP2.DE Yearly Net Income VS EBIT VS OCF VS FCFAP2.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B

1.2 Ratios

  • With an excellent Return On Assets value of 19.28%, AP2 belongs to the best of the industry, outperforming 92.75% of the companies in the same industry.
  • With an excellent Return On Equity value of 34.28%, AP2 belongs to the best of the industry, outperforming 84.06% of the companies in the same industry.
  • AP2's Return On Invested Capital of 24.38% is amongst the best of the industry. AP2 outperforms 86.96% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for AP2 is significantly above the industry average of 14.30%.
Industry RankSector Rank
ROA 19.28%
ROE 34.28%
ROIC 24.38%
ROA(3y)20.82%
ROA(5y)21.93%
ROE(3y)38%
ROE(5y)43.11%
ROIC(3y)25.04%
ROIC(5y)27.65%
AP2.DE Yearly ROA, ROE, ROICAP2.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40 50

1.3 Margins

  • AP2 has a better Profit Margin (24.67%) than 72.46% of its industry peers.
  • In the last couple of years the Profit Margin of AP2 has grown nicely.
  • Looking at the Operating Margin, with a value of 29.86%, AP2 is in the better half of the industry, outperforming 75.36% of the companies in the same industry.
  • AP2's Operating Margin has improved in the last couple of years.
  • The Gross Margin of AP2 (48.67%) is comparable to the rest of the industry.
  • AP2's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 29.86%
PM (TTM) 24.67%
GM 48.67%
OM growth 3Y-0.37%
OM growth 5Y3.31%
PM growth 3Y-0.85%
PM growth 5Y3.24%
GM growth 3Y1.53%
GM growth 5Y1.71%
AP2.DE Yearly Profit, Operating, Gross MarginsAP2.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40

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ROAROEROICOperating and Profit MarginShow most profitable peers

8

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so AP2 is creating value.
  • The number of shares outstanding for AP2 has been reduced compared to 1 year ago.
  • Compared to 5 years ago, AP2 has less shares outstanding
  • Compared to 1 year ago, AP2 has an improved debt to assets ratio.
AP2.DE Yearly Shares OutstandingAP2.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B
AP2.DE Yearly Total Debt VS Total AssetsAP2.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B

2.2 Solvency

  • AP2 has an Altman-Z score of 13.78. This indicates that AP2 is financially healthy and has little risk of bankruptcy at the moment.
  • The Altman-Z score of AP2 (13.78) is better than 86.96% of its industry peers.
  • The Debt to FCF ratio of AP2 is 1.15, which is an excellent value as it means it would take AP2, only 1.15 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of AP2 (1.15) is better than 69.57% of its industry peers.
  • AP2 has a Debt/Equity ratio of 0.32. This is a healthy value indicating a solid balance between debt and equity.
  • With a Debt to Equity ratio value of 0.32, AP2 perfoms like the industry average, outperforming 43.48% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.32
Debt/FCF 1.15
Altman-Z 13.78
ROIC/WACC2.22
WACC10.96%
AP2.DE Yearly LT Debt VS Equity VS FCFAP2.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B

2.3 Liquidity

  • AP2 has a Current Ratio of 2.61. This indicates that AP2 is financially healthy and has no problem in meeting its short term obligations.
  • AP2 has a better Current ratio (2.61) than 65.22% of its industry peers.
  • AP2 has a Quick Ratio of 1.90. This is a normal value and indicates that AP2 is financially healthy and should not expect problems in meeting its short term obligations.
  • AP2 has a Quick ratio of 1.90. This is in the better half of the industry: AP2 outperforms 66.67% of its industry peers.
Industry RankSector Rank
Current Ratio 2.61
Quick Ratio 1.9
AP2.DE Yearly Current Assets VS Current LiabilitesAP2.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. Growth

3.1 Past

  • AP2 shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 8.78%, which is quite good.
  • AP2 shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 17.65% yearly.
  • The Revenue has been growing slightly by 4.39% in the past year.
  • The Revenue has been growing by 10.52% on average over the past years. This is quite good.
EPS 1Y (TTM)8.78%
EPS 3Y6.91%
EPS 5Y17.65%
EPS Q2Q%-6.47%
Revenue 1Y (TTM)4.39%
Revenue growth 3Y3.23%
Revenue growth 5Y10.52%
Sales Q2Q%-3.48%

3.2 Future

  • Based on estimates for the next years, AP2 will show a quite strong growth in Earnings Per Share. The EPS will grow by 11.04% on average per year.
  • The Revenue is expected to grow by 6.57% on average over the next years.
EPS Next Y4.21%
EPS Next 2Y14.15%
EPS Next 3Y12.65%
EPS Next 5Y11.04%
Revenue Next Year2.77%
Revenue Next 2Y9.21%
Revenue Next 3Y8.41%
Revenue Next 5Y6.57%

3.3 Evolution

  • Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
AP2.DE Yearly Revenue VS EstimatesAP2.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 10B 20B 30B
AP2.DE Yearly EPS VS EstimatesAP2.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 5 10 15

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4

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 34.41, the valuation of AP2 can be described as expensive.
  • Based on the Price/Earnings ratio, AP2 is valued a bit cheaper than 65.22% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 28.06, AP2 is valued a bit more expensive.
  • A Price/Forward Earnings ratio of 33.03 indicates a quite expensive valuation of AP2.
  • AP2's Price/Forward Earnings ratio is in line with the industry average.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 27.86, AP2 is valued at the same level.
Industry RankSector Rank
PE 34.41
Fwd PE 33.03
AP2.DE Price Earnings VS Forward Price EarningsAP2.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

  • AP2's Enterprise Value to EBITDA ratio is in line with the industry average.
  • Based on the Price/Free Cash Flow ratio, AP2 is valued a bit cheaper than 69.57% of the companies in the same industry.
Industry RankSector Rank
P/FCF 45.34
EV/EBITDA 28.37
AP2.DE Per share dataAP2.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates AP2 does not grow enough to justify the current Price/Earnings ratio.
  • AP2 has an outstanding profitability rating, which may justify a higher PE ratio.
  • AP2's earnings are expected to grow with 12.65% in the coming years. This may justify a more expensive valuation.
PEG (NY)8.18
PEG (5Y)1.95
EPS Next 2Y14.15%
EPS Next 3Y12.65%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

3

5. Dividend

5.1 Amount

  • With a yearly dividend of 0.61%, AP2 is not a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 0.82, AP2 has a dividend in line with its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.80, AP2's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.61%

5.2 History

  • On average, the dividend of AP2 grows each year by 14.79%, which is quite nice.
Dividend Growth(5Y)14.79%
Div Incr Years6
Div Non Decr Years6
AP2.DE Yearly Dividends per shareAP2.DE Yearly Dividends per shareYearly Dividends per share 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5

5.3 Sustainability

  • AP2 pays out 19.78% of its income as dividend. This is a sustainable payout ratio.
  • The dividend of AP2 is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP19.78%
EPS Next 2Y14.15%
EPS Next 3Y12.65%
AP2.DE Yearly Income VS Free CF VS DividendAP2.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B
AP2.DE Dividend Payout.AP2.DE Dividend Payout, showing the Payout Ratio.AP2.DE Dividend Payout.PayoutRetained Earnings

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APPLIED MATERIALS INC

FRA:AP2 (2/9/2026, 7:00:00 PM)

274.95

+2.4 (+0.88%)

Chartmill FA Rating
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)11-13
Earnings (Next)02-12
Inst Owners85.06%
Inst Owner ChangeN/A
Ins Owners0.27%
Ins Owner ChangeN/A
Market Cap219.04B
Revenue(TTM)28.37B
Net Income(TTM)7.00B
Analysts78.5
Price Target279.44 (1.63%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.61%
Yearly Dividend1.45
Dividend Growth(5Y)14.79%
DP19.78%
Div Incr Years6
Div Non Decr Years6
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)2.33%
Min EPS beat(2)1.63%
Max EPS beat(2)3.04%
EPS beat(4)4
Avg EPS beat(4)2.02%
Min EPS beat(4)1.29%
Max EPS beat(4)3.04%
EPS beat(8)8
Avg EPS beat(8)3.4%
EPS beat(12)12
Avg EPS beat(12)3.99%
EPS beat(16)14
Avg EPS beat(16)4.03%
Revenue beat(2)1
Avg Revenue beat(2)-0.43%
Min Revenue beat(2)-0.88%
Max Revenue beat(2)0.03%
Revenue beat(4)1
Avg Revenue beat(4)-1.2%
Min Revenue beat(4)-2.34%
Max Revenue beat(4)0.03%
Revenue beat(8)2
Avg Revenue beat(8)-0.59%
Revenue beat(12)5
Avg Revenue beat(12)-0.05%
Revenue beat(16)7
Avg Revenue beat(16)-0.02%
PT rev (1m)22.54%
PT rev (3m)46.52%
EPS NQ rev (1m)0.06%
EPS NQ rev (3m)3.3%
EPS NY rev (1m)1.28%
EPS NY rev (3m)1.69%
Revenue NQ rev (1m)-0.03%
Revenue NQ rev (3m)1.61%
Revenue NY rev (1m)0.6%
Revenue NY rev (3m)0.36%
Valuation
Industry RankSector Rank
PE 34.41
Fwd PE 33.03
P/S 9.11
P/FCF 45.34
P/OCF 32.46
P/B 12.65
P/tB 15.67
EV/EBITDA 28.37
EPS(TTM)7.99
EY2.91%
EPS(NY)8.32
Fwd EY3.03%
FCF(TTM)6.06
FCFY2.21%
OCF(TTM)8.47
OCFY3.08%
SpS30.19
BVpS21.73
TBVpS17.54
PEG (NY)8.18
PEG (5Y)1.95
Graham Number62.5
Profitability
Industry RankSector Rank
ROA 19.28%
ROE 34.28%
ROCE 29.93%
ROIC 24.38%
ROICexc 34.93%
ROICexgc 43.57%
OM 29.86%
PM (TTM) 24.67%
GM 48.67%
FCFM 20.09%
ROA(3y)20.82%
ROA(5y)21.93%
ROE(3y)38%
ROE(5y)43.11%
ROIC(3y)25.04%
ROIC(5y)27.65%
ROICexc(3y)36.63%
ROICexc(5y)37.97%
ROICexgc(3y)47.26%
ROICexgc(5y)49.64%
ROCE(3y)31.01%
ROCE(5y)34.04%
ROICexgc growth 3Y-4.49%
ROICexgc growth 5Y0.83%
ROICexc growth 3Y-2.74%
ROICexc growth 5Y3.53%
OM growth 3Y-0.37%
OM growth 5Y3.31%
PM growth 3Y-0.85%
PM growth 5Y3.24%
GM growth 3Y1.53%
GM growth 5Y1.71%
F-Score6
Asset Turnover0.78
Health
Industry RankSector Rank
Debt/Equity 0.32
Debt/FCF 1.15
Debt/EBITDA 0.74
Cap/Depr 519.54%
Cap/Sales 7.97%
Interest Coverage 35.44
Cash Conversion 89.37%
Profit Quality 81.42%
Current Ratio 2.61
Quick Ratio 1.9
Altman-Z 13.78
F-Score6
WACC10.96%
ROIC/WACC2.22
Cap/Depr(3y)345.96%
Cap/Depr(5y)276.93%
Cap/Sales(3y)5.51%
Cap/Sales(5y)4.49%
Profit Quality(3y)98.84%
Profit Quality(5y)89.65%
High Growth Momentum
Growth
EPS 1Y (TTM)8.78%
EPS 3Y6.91%
EPS 5Y17.65%
EPS Q2Q%-6.47%
EPS Next Y4.21%
EPS Next 2Y14.15%
EPS Next 3Y12.65%
EPS Next 5Y11.04%
Revenue 1Y (TTM)4.39%
Revenue growth 3Y3.23%
Revenue growth 5Y10.52%
Sales Q2Q%-3.48%
Revenue Next Year2.77%
Revenue Next 2Y9.21%
Revenue Next 3Y8.41%
Revenue Next 5Y6.57%
EBIT growth 1Y7.66%
EBIT growth 3Y2.86%
EBIT growth 5Y14.18%
EBIT Next Year7.51%
EBIT Next 3Y10.35%
EBIT Next 5Y10.57%
FCF growth 1Y-23.89%
FCF growth 3Y7.3%
FCF growth 5Y11%
OCF growth 1Y-8.29%
OCF growth 3Y13.81%
OCF growth 5Y15.91%

APPLIED MATERIALS INC / AP2.DE FAQ

What is the ChartMill fundamental rating of APPLIED MATERIALS INC (AP2.DE) stock?

ChartMill assigns a fundamental rating of 6 / 10 to AP2.DE.


What is the valuation status of APPLIED MATERIALS INC (AP2.DE) stock?

ChartMill assigns a valuation rating of 4 / 10 to APPLIED MATERIALS INC (AP2.DE). This can be considered as Fairly Valued.


What is the profitability of AP2 stock?

APPLIED MATERIALS INC (AP2.DE) has a profitability rating of 8 / 10.


What are the PE and PB ratios of APPLIED MATERIALS INC (AP2.DE) stock?

The Price/Earnings (PE) ratio for APPLIED MATERIALS INC (AP2.DE) is 34.41 and the Price/Book (PB) ratio is 12.65.


How sustainable is the dividend of APPLIED MATERIALS INC (AP2.DE) stock?

The dividend rating of APPLIED MATERIALS INC (AP2.DE) is 3 / 10 and the dividend payout ratio is 19.78%.