ASM INTERNATIONAL NV (ASM.AS) Stock Fundamental Analysis
AMS:ASM - Euronext Amsterdam - NL0000334118 - Common Stock - Currency: EUR
Taking everything into account, ASM scores 7 out of 10 in our fundamental rating. ASM was compared to 55 industry peers in the Semiconductors & Semiconductor Equipment industry. ASM scores excellent points on both the profitability and health parts. This is a solid base for a good stock. ASM is valued quite expensively, but it does show have an excellent growth rating. These ratings could make ASM a good candidate for growth and quality investing.
1. Profitability
1.1 Basic Checks
In the past year ASM was profitable.
In the past year ASM had a positive cash flow from operations.
In the past 5 years ASM has always been profitable.
In the past 5 years ASM always reported a positive cash flow from operatings.
1.2 Ratios
ASM has a better Return On Assets (13.28%) than 70.91% of its industry peers.
With a decent Return On Equity value of 18.30%, ASM is doing good in the industry, outperforming 63.64% of the companies in the same industry.
ASM has a Return On Invested Capital of 16.81%. This is in the better half of the industry: ASM outperforms 78.18% of its industry peers.
The Average Return On Invested Capital over the past 3 years for ASM is in line with the industry average of 15.29%.
The 3 year average ROIC (16.68%) for ASM is below the current ROIC(16.81%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.28% | ||
| ROE | 18.3% | ||
| ROIC | 16.81% |
ROA(3y)13.82%
ROA(5y)14.5%
ROE(3y)18.59%
ROE(5y)18.64%
ROIC(3y)16.68%
ROIC(5y)16.49%
1.3 Margins
Looking at the Profit Margin, with a value of 23.38%, ASM is in the better half of the industry, outperforming 72.73% of the companies in the same industry.
ASM's Profit Margin has declined in the last couple of years.
The Operating Margin of ASM (27.40%) is better than 65.45% of its industry peers.
In the last couple of years the Operating Margin of ASM has grown nicely.
ASM's Gross Margin of 50.51% is fine compared to the rest of the industry. ASM outperforms 63.64% of its industry peers.
ASM's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 27.4% | ||
| PM (TTM) | 23.38% | ||
| GM | 50.51% |
OM growth 3Y-1.1%
OM growth 5Y6.53%
PM growth 3Y-6.49%
PM growth 5Y-4.38%
GM growth 3Y1.81%
GM growth 5Y3.46%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), ASM is creating some value.
The number of shares outstanding for ASM has been reduced compared to 1 year ago.
Compared to 5 years ago, ASM has more shares outstanding
Compared to 1 year ago, ASM has an improved debt to assets ratio.
2.2 Solvency
ASM has an Altman-Z score of 13.21. This indicates that ASM is financially healthy and has little risk of bankruptcy at the moment.
ASM has a Altman-Z score of 13.21. This is amongst the best in the industry. ASM outperforms 92.73% of its industry peers.
The Debt to FCF ratio of ASM is 0.07, which is an excellent value as it means it would take ASM, only 0.07 years of fcf income to pay off all of its debts.
ASM's Debt to FCF ratio of 0.07 is amongst the best of the industry. ASM outperforms 98.18% of its industry peers.
ASM has a Debt/Equity ratio of 0.01. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.01, ASM belongs to the top of the industry, outperforming 96.36% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.07 | ||
| Altman-Z | 13.21 |
ROIC/WACC1.57
WACC10.72%
2.3 Liquidity
A Current Ratio of 2.01 indicates that ASM has no problem at all paying its short term obligations.
ASM has a Current ratio (2.01) which is comparable to the rest of the industry.
A Quick Ratio of 1.54 indicates that ASM should not have too much problems paying its short term obligations.
ASM has a Quick ratio of 1.54. This is comparable to the rest of the industry: ASM outperforms 43.64% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.01 | ||
| Quick Ratio | 1.54 |
3. Growth
3.1 Past
ASM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 24.87%, which is quite impressive.
The Earnings Per Share has been growing by 22.75% on average over the past years. This is a very strong growth
The Revenue has grown by 22.22% in the past year. This is a very strong growth!
The Revenue has been growing by 21.13% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)24.87%
EPS 3Y11.54%
EPS 5Y22.75%
EPS Q2Q%7.18%
Revenue 1Y (TTM)22.22%
Revenue growth 3Y19.24%
Revenue growth 5Y21.13%
Sales Q2Q%31.33%
3.2 Future
Based on estimates for the next years, ASM will show a quite strong growth in Earnings Per Share. The EPS will grow by 17.58% on average per year.
The Revenue is expected to grow by 14.81% on average over the next years. This is quite good.
EPS Next Y19.83%
EPS Next 2Y21.53%
EPS Next 3Y20.48%
EPS Next 5Y17.58%
Revenue Next Year16.1%
Revenue Next 2Y15.62%
Revenue Next 3Y15.87%
Revenue Next 5Y14.81%
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.
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 35.04, the valuation of ASM can be described as expensive.
Compared to the rest of the industry, the Price/Earnings ratio of ASM indicates a slightly more expensive valuation: ASM is more expensive than 63.64% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 26.34. ASM is valued slightly more expensive when compared to this.
A Price/Forward Earnings ratio of 24.15 indicates a rather expensive valuation of ASM.
ASM's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. ASM is more expensive than 61.82% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.19. ASM is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 35.04 | ||
| Fwd PE | 24.15 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ASM indicates a slightly more expensive valuation: ASM is more expensive than 61.82% of the companies listed in the same industry.
ASM's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 47.38 | ||
| EV/EBITDA | 24.7 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
ASM has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as ASM's earnings are expected to grow with 20.48% in the coming years.
PEG (NY)1.77
PEG (5Y)1.54
EPS Next 2Y21.53%
EPS Next 3Y20.48%
5. Dividend
5.1 Amount
With a yearly dividend of 0.57%, ASM is not a good candidate for dividend investing.
ASM's Dividend Yield is comparable with the industry average which is at 1.28.
With a Dividend Yield of 0.57, ASM pays less dividend than the S&P500 average, which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.57% |
5.2 History
The dividend of ASM is nicely growing with an annual growth rate of 6.39%!
Dividend Growth(5Y)6.39%
Div Incr Years2
Div Non Decr Years5
5.3 Sustainability
ASM pays out 19.76% of its income as dividend. This is a sustainable payout ratio.
The dividend of ASM is growing, but earnings are growing more, so the dividend growth is sustainable.
DP19.76%
EPS Next 2Y21.53%
EPS Next 3Y20.48%
AMS:ASM (6/19/2025, 5:29:53 PM)
511.9
-6.5 (-1.25%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners55.65%
Inst Owner ChangeN/A
Ins Owners0.09%
Ins Owner ChangeN/A
Market Cap25.25B
Analysts79.23
Price Target613.99 (19.94%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.57% |
Yearly Dividend2.76
Dividend Growth(5Y)6.39%
DP19.76%
Div Incr Years2
Div Non Decr Years5
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)3.18%
Min EPS beat(2)-23.98%
Max EPS beat(2)30.35%
EPS beat(4)2
Avg EPS beat(4)7.82%
Min EPS beat(4)-23.98%
Max EPS beat(4)30.35%
EPS beat(8)3
Avg EPS beat(8)1.08%
EPS beat(12)5
Avg EPS beat(12)1.73%
EPS beat(16)8
Avg EPS beat(16)5.19%
Revenue beat(2)2
Avg Revenue beat(2)0.65%
Min Revenue beat(2)0.52%
Max Revenue beat(2)0.79%
Revenue beat(4)3
Avg Revenue beat(4)0.69%
Min Revenue beat(4)-0.58%
Max Revenue beat(4)2.03%
Revenue beat(8)6
Avg Revenue beat(8)0.56%
Revenue beat(12)7
Avg Revenue beat(12)0.46%
Revenue beat(16)9
Avg Revenue beat(16)0.52%
PT rev (1m)-0.07%
PT rev (3m)-12.39%
EPS NQ rev (1m)0.03%
EPS NQ rev (3m)-0.16%
EPS NY rev (1m)0%
EPS NY rev (3m)-2.76%
Revenue NQ rev (1m)0.17%
Revenue NQ rev (3m)0.18%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-4.31%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 35.04 | ||
| Fwd PE | 24.15 | ||
| P/S | 8.61 | ||
| P/FCF | 47.38 | ||
| P/OCF | 28.13 | ||
| P/B | 6.74 | ||
| P/tB | 9.67 | ||
| EV/EBITDA | 24.7 |
EPS(TTM)14.61
EY2.85%
EPS(NY)21.19
Fwd EY4.14%
FCF(TTM)10.8
FCFY2.11%
OCF(TTM)18.2
OCFY3.55%
SpS59.45
BVpS75.96
TBVpS52.91
PEG (NY)1.77
PEG (5Y)1.54
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.28% | ||
| ROE | 18.3% | ||
| ROCE | 20.28% | ||
| ROIC | 16.81% | ||
| ROICexc | 21.95% | ||
| ROICexgc | 35.09% | ||
| OM | 27.4% | ||
| PM (TTM) | 23.38% | ||
| GM | 50.51% | ||
| FCFM | 18.17% |
ROA(3y)13.82%
ROA(5y)14.5%
ROE(3y)18.59%
ROE(5y)18.64%
ROIC(3y)16.68%
ROIC(5y)16.49%
ROICexc(3y)20.55%
ROICexc(5y)20.87%
ROICexgc(3y)32.73%
ROICexgc(5y)29.8%
ROCE(3y)20.12%
ROCE(5y)19.89%
ROICexcg growth 3Y7.62%
ROICexcg growth 5Y16.85%
ROICexc growth 3Y-2.24%
ROICexc growth 5Y9.84%
OM growth 3Y-1.1%
OM growth 5Y6.53%
PM growth 3Y-6.49%
PM growth 5Y-4.38%
GM growth 3Y1.81%
GM growth 5Y3.46%
F-Score6
Asset Turnover0.57
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.07 | ||
| Debt/EBITDA | 0.02 | ||
| Cap/Depr | 186.28% | ||
| Cap/Sales | 12.44% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 89.83% | ||
| Profit Quality | 77.72% | ||
| Current Ratio | 2.01 | ||
| Quick Ratio | 1.54 | ||
| Altman-Z | 13.21 |
F-Score6
WACC10.72%
ROIC/WACC1.57
Cap/Depr(3y)177.39%
Cap/Depr(5y)175.83%
Cap/Sales(3y)11.05%
Cap/Sales(5y)10.89%
Profit Quality(3y)72.97%
Profit Quality(5y)59.94%
High Growth Momentum
Growth
EPS 1Y (TTM)24.87%
EPS 3Y11.54%
EPS 5Y22.75%
EPS Q2Q%7.18%
EPS Next Y19.83%
EPS Next 2Y21.53%
EPS Next 3Y20.48%
EPS Next 5Y17.58%
Revenue 1Y (TTM)22.22%
Revenue growth 3Y19.24%
Revenue growth 5Y21.13%
Sales Q2Q%31.33%
Revenue Next Year16.1%
Revenue Next 2Y15.62%
Revenue Next 3Y15.87%
Revenue Next 5Y14.81%
EBIT growth 1Y22.44%
EBIT growth 3Y17.93%
EBIT growth 5Y29.04%
EBIT Next Year47.32%
EBIT Next 3Y26.85%
EBIT Next 5Y21.74%
FCF growth 1Y27.44%
FCF growth 3Y33.54%
FCF growth 5Y7.13%
OCF growth 1Y21.98%
OCF growth 3Y33.11%
OCF growth 5Y12.92%