ASM INTERNATIONAL NV (ASM.AS) Fundamental Analysis & Valuation

AMS:ASM • NL0000334118

Current stock price

661.4 EUR
-0.2 (-0.03%)
Last:

This ASM.AS fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

7

1. ASM.AS Profitability Analysis

1.1 Basic Checks

  • ASM had positive earnings in the past year.
  • ASM had a positive operating cash flow in the past year.
  • ASM had positive earnings in 4 of the past 5 years.
  • ASM had a positive operating cash flow in 4 of the past 5 years.
ASM.AS Yearly Net Income VS EBIT VS OCF VS FCFASM.AS 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 200M 400M 600M 800M

1.2 Ratios

  • ASM has a Return On Assets of 14.94%. This is in the better half of the industry: ASM outperforms 79.10% of its industry peers.
  • ASM has a better Return On Equity (20.42%) than 68.66% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 20.12%, ASM belongs to the top of the industry, outperforming 82.09% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for ASM is above the industry average of 14.50%.
  • The 3 year average ROIC (16.63%) for ASM is below the current ROIC(20.12%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 14.94%
ROE 20.42%
ROIC 20.12%
ROA(3y)13.82%
ROA(5y)14.5%
ROE(3y)18.59%
ROE(5y)18.64%
ROIC(3y)16.63%
ROIC(5y)16.46%
ASM.AS Yearly ROA, ROE, ROICASM.AS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20

1.3 Margins

  • Looking at the Profit Margin, with a value of 23.87%, ASM is in the better half of the industry, outperforming 70.15% of the companies in the same industry.
  • In the last couple of years the Profit Margin of ASM has declined.
  • ASM has a Operating Margin of 30.26%. This is in the better half of the industry: ASM outperforms 76.12% of its industry peers.
  • ASM's Operating Margin has improved in the last couple of years.
  • The Gross Margin of ASM (51.86%) is comparable to the rest of the industry.
  • ASM's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 30.26%
PM (TTM) 23.87%
GM 51.86%
OM growth 3Y-1.4%
OM growth 5Y6.33%
PM growth 3Y-6.49%
PM growth 5Y-4.38%
GM growth 3Y1.81%
GM growth 5Y3.46%
ASM.AS Yearly Profit, Operating, Gross MarginsASM.AS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60

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6

2. ASM.AS Health Analysis

2.1 Basic Checks

  • ASM has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
  • ASM has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
ASM.AS Yearly Shares OutstandingASM.AS Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M 50M
ASM.AS Yearly Total Debt VS Total AssetsASM.AS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B 5B

2.2 Solvency

  • ASM has a debt to FCF ratio of 0.08. This is a very positive value and a sign of high solvency as it would only need 0.08 years to pay back of all of its debts.
  • The Debt to FCF ratio of ASM (0.08) is better than 94.03% 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.
  • ASM's Debt to Equity ratio of 0.01 is amongst the best of the industry. ASM outperforms 91.04% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.01
Debt/FCF 0.08
Altman-Z N/A
ROIC/WACC1.81
WACC11.11%
ASM.AS Yearly LT Debt VS Equity VS FCFASM.AS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B

2.3 Liquidity

  • ASM has a Current Ratio of 2.16. This indicates that ASM is financially healthy and has no problem in meeting its short term obligations.
  • ASM's Current ratio of 2.16 is on the low side compared to the rest of the industry. ASM is outperformed by 65.67% of its industry peers.
  • A Quick Ratio of 1.68 indicates that ASM should not have too much problems paying its short term obligations.
  • The Quick ratio of ASM (1.68) is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 2.16
Quick Ratio 1.68
ASM.AS Yearly Current Assets VS Current LiabilitesASM.AS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B

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4

3. ASM.AS Growth Analysis

3.1 Past

  • The Earnings Per Share has been growing slightly by 4.60% over the past year.
  • The Earnings Per Share has been growing by 19.97% on average over the past years. This is quite good.
EPS 1Y (TTM)4.6%
EPS 3Y5.5%
EPS 5Y19.97%
EPS Q2Q%-26.44%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-13.68%

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 19.41% on average per year.
  • ASM is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 14.05% yearly.
EPS Next Y17.54%
EPS Next 2Y21.77%
EPS Next 3Y18.63%
EPS Next 5Y19.41%
Revenue Next Year11.62%
Revenue Next 2Y15.5%
Revenue Next 3Y14.81%
Revenue Next 5Y14.05%

3.3 Evolution

  • The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
ASM.AS Yearly Revenue VS EstimatesASM.AS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 2B 4B 6B 8B
ASM.AS Yearly EPS VS EstimatesASM.AS Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 10 20 30 40

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2

4. ASM.AS Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 44.06, ASM can be considered very expensive at the moment.
  • Compared to the rest of the industry, the Price/Earnings ratio of ASM is on the same level as its industry peers.
  • ASM is valuated expensively when we compare the Price/Earnings ratio to 25.73, which is the current average of the S&P500 Index.
  • With a Price/Forward Earnings ratio of 37.49, ASM can be considered very expensive at the moment.
  • 67.16% of the companies in the same industry are cheaper than ASM, based on the Price/Forward Earnings ratio.
  • ASM is valuated expensively when we compare the Price/Forward Earnings ratio to 23.72, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 44.06
Fwd PE 37.49
ASM.AS Price Earnings VS Forward Price EarningsASM.AS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • ASM's Enterprise Value to EBITDA ratio is in line with the industry average.
  • Based on the Price/Free Cash Flow ratio, ASM is valued a bit cheaper than the industry average as 65.67% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 43.77
EV/EBITDA 26.49
ASM.AS Per share dataASM.AS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive 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 18.63% in the coming years.
PEG (NY)2.51
PEG (5Y)2.21
EPS Next 2Y21.77%
EPS Next 3Y18.63%

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

4

5. ASM.AS Dividend Analysis

5.1 Amount

  • ASM has a yearly dividend return of 0.46%, which is pretty low.
  • ASM's Dividend Yield is comparable with the industry average which is at 0.84.
  • With a Dividend Yield of 0.46, ASM pays less dividend than the S&P500 average, which is at 1.91.
Industry RankSector Rank
Dividend Yield 0.46%

5.2 History

  • On average, the dividend of ASM grows each year by 6.39%, which is quite nice.
Dividend Growth(5Y)6.39%
Div Incr Years2
Div Non Decr Years5
ASM.AS Yearly Dividends per shareASM.AS Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3

5.3 Sustainability

  • 18.80% 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.
DP18.8%
EPS Next 2Y21.77%
EPS Next 3Y18.63%
ASM.AS Yearly Income VS Free CF VS DividendASM.AS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M
ASM.AS Dividend Payout.ASM.AS Dividend Payout, showing the Payout Ratio.ASM.AS Dividend Payout.PayoutRetained Earnings

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ASM.AS Fundamentals: All Metrics, Ratios and Statistics

ASM INTERNATIONAL NV

AMS:ASM (3/20/2026, 11:13:03 AM)

661.4

-0.2 (-0.03%)

Chartmill FA Rating
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)03-03
Earnings (Next)04-21
Inst Owners59.71%
Inst Owner ChangeN/A
Ins Owners0.07%
Ins Owner ChangeN/A
Market Cap32.63B
Revenue(TTM)N/A
Net Income(TTM)783.70M
Analysts76.92
Price Target759.95 (14.9%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.46%
Yearly Dividend2.76
Dividend Growth(5Y)6.39%
DP18.8%
Div Incr Years2
Div Non Decr Years5
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-0.68%
Min EPS beat(2)-15.47%
Max EPS beat(2)14.11%
EPS beat(4)2
Avg EPS beat(4)6.41%
Min EPS beat(4)-15.47%
Max EPS beat(4)30.35%
EPS beat(8)3
Avg EPS beat(8)0.13%
EPS beat(12)4
Avg EPS beat(12)-1.22%
EPS beat(16)7
Avg EPS beat(16)1.23%
Revenue beat(2)1
Avg Revenue beat(2)-0.33%
Min Revenue beat(2)-1.28%
Max Revenue beat(2)0.62%
Revenue beat(4)2
Avg Revenue beat(4)-0.13%
Min Revenue beat(4)-1.28%
Max Revenue beat(4)0.79%
Revenue beat(8)5
Avg Revenue beat(8)0.18%
Revenue beat(12)7
Avg Revenue beat(12)0.24%
Revenue beat(16)8
Avg Revenue beat(16)0.24%
PT rev (1m)0.71%
PT rev (3m)20.8%
EPS NQ rev (1m)2.68%
EPS NQ rev (3m)12.89%
EPS NY rev (1m)1.91%
EPS NY rev (3m)3.5%
Revenue NQ rev (1m)1.06%
Revenue NQ rev (3m)6.28%
Revenue NY rev (1m)1.34%
Revenue NY rev (3m)0.6%
Valuation
Industry RankSector Rank
PE 44.06
Fwd PE 37.49
P/S 9.94
P/FCF 43.77
P/OCF 28.08
P/B 8.5
P/tB 12.45
EV/EBITDA 26.49
EPS(TTM)15.01
EY2.27%
EPS(NY)17.64
Fwd EY2.67%
FCF(TTM)15.11
FCFY2.28%
OCF(TTM)23.56
OCFY3.56%
SpS66.57
BVpS77.8
TBVpS53.13
PEG (NY)2.51
PEG (5Y)2.21
Graham Number162.1
Profitability
Industry RankSector Rank
ROA 14.94%
ROE 20.42%
ROCE 24.27%
ROIC 20.12%
ROICexc 20.12%
ROICexgc 28.63%
OM 30.26%
PM (TTM) 23.87%
GM 51.86%
FCFM 22.7%
ROA(3y)13.82%
ROA(5y)14.5%
ROE(3y)18.59%
ROE(5y)18.64%
ROIC(3y)16.63%
ROIC(5y)16.46%
ROICexc(3y)20.48%
ROICexc(5y)20.83%
ROICexgc(3y)32.62%
ROICexgc(5y)29.73%
ROCE(3y)20.06%
ROCE(5y)19.85%
ROICexgc growth 3Y7.29%
ROICexgc growth 5Y16.64%
ROICexc growth 3Y-2.54%
ROICexc growth 5Y9.64%
OM growth 3Y-1.4%
OM growth 5Y6.33%
PM growth 3Y-6.49%
PM growth 5Y-4.38%
GM growth 3Y1.81%
GM growth 5Y3.46%
F-Score7
Asset Turnover0.63
Health
Industry RankSector Rank
Debt/Equity 0.01
Debt/FCF 0.08
Debt/EBITDA 0.05
Cap/Depr 173.26%
Cap/Sales 12.69%
Interest Coverage 250
Cash Conversion 94.15%
Profit Quality 95.11%
Current Ratio 2.16
Quick Ratio 1.68
Altman-Z N/A
F-Score7
WACC11.11%
ROIC/WACC1.81
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)4.6%
EPS 3Y5.5%
EPS 5Y19.97%
EPS Q2Q%-26.44%
EPS Next Y17.54%
EPS Next 2Y21.77%
EPS Next 3Y18.63%
EPS Next 5Y19.41%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-13.68%
Revenue Next Year11.62%
Revenue Next 2Y15.5%
Revenue Next 3Y14.81%
Revenue Next 5Y14.05%
EBIT growth 1Y40.43%
EBIT growth 3Y17.57%
EBIT growth 5Y28.8%
EBIT Next Year46.57%
EBIT Next 3Y25.05%
EBIT Next 5Y20.67%
FCF growth 1Y104.96%
FCF growth 3Y33.54%
FCF growth 5Y7.13%
OCF growth 1Y72.38%
OCF growth 3Y33.11%
OCF growth 5Y12.92%

ASM INTERNATIONAL NV / ASM.AS Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for ASM INTERNATIONAL NV?

ChartMill assigns a fundamental rating of 5 / 10 to ASM.AS.


Can you provide the valuation status for ASM INTERNATIONAL NV?

ChartMill assigns a valuation rating of 2 / 10 to ASM INTERNATIONAL NV (ASM.AS). This can be considered as Overvalued.


Can you provide the profitability details for ASM INTERNATIONAL NV?

ASM INTERNATIONAL NV (ASM.AS) has a profitability rating of 7 / 10.


What is the valuation of ASM INTERNATIONAL NV based on its PE and PB ratios?

The Price/Earnings (PE) ratio for ASM INTERNATIONAL NV (ASM.AS) is 44.06 and the Price/Book (PB) ratio is 8.5.


Is the dividend of ASM INTERNATIONAL NV sustainable?

The dividend rating of ASM INTERNATIONAL NV (ASM.AS) is 4 / 10 and the dividend payout ratio is 18.8%.