ASM INTERNATIONAL NV (ASM.AS) Stock Fundamental Analysis
Europe - AMS:ASM - NL0000334118 - Common Stock
534 EUR
-13.6 (-2.48%)
Taking everything into account, ASM scores 7 out of 10 in our fundamental rating. ASM was compared to 59 industry peers in the Semiconductors & Semiconductor Equipment industry. ASM gets an excellent profitability rating and is at the same time showing great financial health properties. ASM is valued quite expensive, but it does show an excellent growth. 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.
ASM had a positive operating cash flow in the past year.
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
With a decent Return On Assets value of 10.47%, ASM is doing good in the industry, outperforming 61.02% of the companies in the same industry.
Looking at the Return On Equity, with a value of 14.77%, ASM is in line with its industry, outperforming 57.63% of the companies in the same industry.
ASM's Return On Invested Capital of 20.99% is amongst the best of the industry. ASM outperforms 84.75% 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 15.39%.
The 3 year average ROIC (16.68%) for ASM is below the current ROIC(20.99%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.47% | ||
| ROE | 14.77% | ||
| ROIC | 20.99% |
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
With a Profit Margin value of 16.16%, ASM perfoms like the industry average, outperforming 59.32% of the companies in the same industry.
In the last couple of years the Profit Margin of ASM has declined.
With a decent Operating Margin value of 29.52%, ASM is doing good in the industry, outperforming 71.19% of the companies in the same industry.
ASM's Operating Margin has improved in the last couple of years.
The Gross Margin of ASM (51.27%) is better than 66.10% of its industry peers.
ASM's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 29.52% | ||
| PM (TTM) | 16.16% | ||
| GM | 51.27% |
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
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so ASM is creating value.
ASM has less shares outstanding than it did 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
An Altman-Z score of 13.63 indicates that ASM is not in any danger for bankruptcy at the moment.
ASM has a Altman-Z score of 13.63. This is amongst the best in the industry. ASM outperforms 86.44% of its industry peers.
The Debt to FCF ratio of ASM is 0.05, which is an excellent value as it means it would take ASM, only 0.05 years of fcf income to pay off all of its debts.
With an excellent Debt to FCF ratio value of 0.05, ASM belongs to the best of the industry, outperforming 96.61% of the companies in the same industry.
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 94.92% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.05 | ||
| Altman-Z | 13.63 |
ROIC/WACC2.04
WACC10.3%
2.3 Liquidity
ASM has a Current Ratio of 2.02. This indicates that ASM is financially healthy and has no problem in meeting its short term obligations.
ASM has a Current ratio (2.02) which is comparable to the rest of the industry.
A Quick Ratio of 1.58 indicates that ASM should not have too much problems paying its short term obligations.
With a Quick ratio value of 1.58, ASM perfoms like the industry average, outperforming 44.07% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.02 | ||
| Quick Ratio | 1.58 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 25.36% over the past year.
ASM shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 22.75% yearly.
Looking at the last year, ASM shows a very strong growth in Revenue. The Revenue has grown by 25.46%.
The Revenue has been growing by 21.13% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)25.36%
EPS 3Y11.54%
EPS 5Y22.75%
EPS Q2Q%5.11%
Revenue 1Y (TTM)25.46%
Revenue growth 3Y19.24%
Revenue growth 5Y21.13%
Sales Q2Q%18.34%
3.2 Future
ASM is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 13.39% yearly.
The Revenue is expected to grow by 12.59% on average over the next years. This is quite good.
EPS Next Y4.16%
EPS Next 2Y9.87%
EPS Next 3Y13.26%
EPS Next 5Y13.39%
Revenue Next Year9.88%
Revenue Next 2Y8.55%
Revenue Next 3Y10.91%
Revenue Next 5Y12.59%
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in 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
A Price/Earnings ratio of 36.13 indicates a quite expensive valuation of ASM.
61.02% of the companies in the same industry are cheaper than ASM, based on the Price/Earnings ratio.
ASM's Price/Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 27.77.
The Price/Forward Earnings ratio is 30.83, which means the current valuation is very expensive for ASM.
ASM's Price/Forward Earnings ratio is in line with the industry average.
When comparing the Price/Forward Earnings ratio of ASM to the average of the S&P500 Index (23.23), we can say ASM is valued slightly more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 36.13 | ||
| Fwd PE | 30.83 |
4.2 Price Multiples
ASM's Enterprise Value to EBITDA is on the same level as the industry average.
Based on the Price/Free Cash Flow ratio, ASM is valued a bit cheaper than 71.19% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 34.92 | ||
| EV/EBITDA | 22.72 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates ASM does not grow enough to justify the current Price/Earnings ratio.
The decent profitability rating of ASM may justify a higher PE ratio.
A more expensive valuation may be justified as ASM's earnings are expected to grow with 13.26% in the coming years.
PEG (NY)8.69
PEG (5Y)1.59
EPS Next 2Y9.87%
EPS Next 3Y13.26%
5. Dividend
5.1 Amount
ASM has a yearly dividend return of 0.55%, which is pretty low.
ASM's Dividend Yield is comparable with the industry average which is at 1.10.
Compared to an average S&P500 Dividend Yield of 2.36, ASM's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.55% |
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
28.03% of the earnings are spent on dividend by ASM. This is a low number and sustainable payout ratio.
ASM's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP28.03%
EPS Next 2Y9.87%
EPS Next 3Y13.26%
AMS:ASM (10/22/2025, 5:36:15 PM)
534
-13.6 (-2.48%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners59.64%
Inst Owner ChangeN/A
Ins Owners0.09%
Ins Owner ChangeN/A
Market Cap26.34B
Revenue(TTM)3.26B
Net Income(TTM)527.26M
Analysts79.17
Price Target573.7 (7.43%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.55% |
Yearly Dividend2.76
Dividend Growth(5Y)6.39%
DP28.03%
Div Incr Years2
Div Non Decr Years5
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-9.41%
Min EPS beat(2)-15.47%
Max EPS beat(2)-3.34%
EPS beat(4)1
Avg EPS beat(4)-3.11%
Min EPS beat(4)-23.98%
Max EPS beat(4)30.35%
EPS beat(8)3
Avg EPS beat(8)-0.61%
EPS beat(12)4
Avg EPS beat(12)-0.99%
EPS beat(16)7
Avg EPS beat(16)1.84%
Revenue beat(2)0
Avg Revenue beat(2)-0.97%
Min Revenue beat(2)-1.28%
Max Revenue beat(2)-0.67%
Revenue beat(4)2
Avg Revenue beat(4)-0.16%
Min Revenue beat(4)-1.28%
Max Revenue beat(4)0.79%
Revenue beat(8)5
Avg Revenue beat(8)0.4%
Revenue beat(12)7
Avg Revenue beat(12)0.48%
Revenue beat(16)8
Avg Revenue beat(16)0.37%
PT rev (1m)0.74%
PT rev (3m)-7.67%
EPS NQ rev (1m)0.18%
EPS NQ rev (3m)-8.05%
EPS NY rev (1m)-1.88%
EPS NY rev (3m)-13.07%
Revenue NQ rev (1m)-0.1%
Revenue NQ rev (3m)-3.71%
Revenue NY rev (1m)-2.21%
Revenue NY rev (3m)-5.35%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 36.13 | ||
| Fwd PE | 30.83 | ||
| P/S | 8.07 | ||
| P/FCF | 34.92 | ||
| P/OCF | 23.01 | ||
| P/B | 7.38 | ||
| P/tB | 11.07 | ||
| EV/EBITDA | 22.72 |
EPS(TTM)14.78
EY2.77%
EPS(NY)17.32
Fwd EY3.24%
FCF(TTM)15.29
FCFY2.86%
OCF(TTM)23.21
OCFY4.35%
SpS66.13
BVpS72.35
TBVpS48.23
PEG (NY)8.69
PEG (5Y)1.59
Graham Number155.11
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.47% | ||
| ROE | 14.77% | ||
| ROCE | 25.32% | ||
| ROIC | 20.99% | ||
| ROICexc | 20.99% | ||
| ROICexgc | 30.55% | ||
| OM | 29.52% | ||
| PM (TTM) | 16.16% | ||
| GM | 51.27% | ||
| FCFM | 23.12% |
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%
ROICexgc growth 3Y7.62%
ROICexgc 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 Turnover0.65
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.05 | ||
| Debt/EBITDA | 0.03 | ||
| Cap/Depr | 171.78% | ||
| Cap/Sales | 11.97% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 96.19% | ||
| Profit Quality | 143.08% | ||
| Current Ratio | 2.02 | ||
| Quick Ratio | 1.58 | ||
| Altman-Z | 13.63 |
F-Score6
WACC10.3%
ROIC/WACC2.04
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)25.36%
EPS 3Y11.54%
EPS 5Y22.75%
EPS Q2Q%5.11%
EPS Next Y4.16%
EPS Next 2Y9.87%
EPS Next 3Y13.26%
EPS Next 5Y13.39%
Revenue 1Y (TTM)25.46%
Revenue growth 3Y19.24%
Revenue growth 5Y21.13%
Sales Q2Q%18.34%
Revenue Next Year9.88%
Revenue Next 2Y8.55%
Revenue Next 3Y10.91%
Revenue Next 5Y12.59%
EBIT growth 1Y48.89%
EBIT growth 3Y17.93%
EBIT growth 5Y29.04%
EBIT Next Year48.08%
EBIT Next 3Y22.95%
EBIT Next 5Y20.55%
FCF growth 1Y106.92%
FCF growth 3Y33.54%
FCF growth 5Y7.13%
OCF growth 1Y84.36%
OCF growth 3Y33.11%
OCF growth 5Y12.92%