ASM INTERNATIONAL NV (ASM.AS) Stock Fundamental Analysis
AMS:ASM - Euronext Amsterdam - NL0000334118 - Common Stock - Currency: EUR
We assign a fundamental rating of 7 out of 10 to ASM. ASM was compared to 51 industry peers in the Semiconductors & Semiconductor Equipment industry. ASM has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. ASM is valued quite expensive, but it does show an excellent growth. This makes ASM very considerable for growth and quality investing!
1. Profitability
1.1 Basic Checks
ASM had positive earnings in the past year.
ASM had a positive operating cash flow in the past year.
Each year in the past 5 years ASM has been profitable.
ASM had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a decent Return On Assets value of 13.28%, ASM is doing good in the industry, outperforming 72.55% of the companies in the same industry.
ASM has a Return On Equity of 18.30%. This is in the better half of the industry: ASM outperforms 64.71% of its industry peers.
With an excellent Return On Invested Capital value of 16.81%, ASM belongs to the best of the industry, outperforming 80.39% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for ASM is in line with the industry average of 15.12%.
The last Return On Invested Capital (16.81%) for ASM is above the 3 year average (16.68%), which is a sign of increasing profitability.
| 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
ASM has a better Profit Margin (23.38%) than 74.51% of its industry peers.
In the last couple of years the Profit Margin of ASM has declined.
ASM's Operating Margin of 27.40% is fine compared to the rest of the industry. ASM outperforms 68.63% of its industry peers.
In the last couple of years the Operating Margin of ASM has grown nicely.
ASM has a Gross Margin of 50.51%. This is in the better half of the industry: ASM outperforms 64.71% of its industry peers.
In the last couple of years the Gross Margin of ASM has grown nicely.
| 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
ASM has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some 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
ASM has an Altman-Z score of 13.37. This indicates that ASM is financially healthy and has little risk of bankruptcy at the moment.
ASM's Altman-Z score of 13.37 is amongst the best of the industry. ASM outperforms 90.20% of its industry peers.
ASM has a debt to FCF ratio of 0.07. This is a very positive value and a sign of high solvency as it would only need 0.07 years to pay back of all of its debts.
With an excellent Debt to FCF ratio value of 0.07, ASM belongs to the best of the industry, outperforming 98.04% 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 96.08% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.07 | ||
| Altman-Z | 13.37 |
ROIC/WACC1.56
WACC10.76%
2.3 Liquidity
ASM has a Current Ratio of 2.01. This indicates that ASM is financially healthy and has no problem in meeting its short term obligations.
ASM has a Current ratio of 2.01. This is comparable to the rest of the industry: ASM outperforms 41.18% of its industry peers.
A Quick Ratio of 1.54 indicates that ASM should not have too much problems paying its short term obligations.
The Quick ratio of ASM (1.54) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.01 | ||
| Quick Ratio | 1.54 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 24.87% over the past year.
Measured over the past years, ASM shows a very strong growth in Earnings Per Share. The EPS has been growing by 22.75% on average per year.
Looking at the last year, ASM shows a very strong growth in Revenue. The Revenue has grown by 22.22%.
ASM shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 21.13% yearly.
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.
ASM is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 14.82% yearly.
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 5Y14.82%
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.
The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 35.92, ASM can be considered very expensive at the moment.
60.78% of the companies in the same industry are cheaper than ASM, based on the Price/Earnings ratio.
ASM is valuated rather expensively when we compare the Price/Earnings ratio to 27.30, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 24.76, which indicates a rather expensive current valuation of ASM.
ASM's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. ASM is more expensive than 60.78% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of ASM to the average of the S&P500 Index (21.76), we can say ASM is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 35.92 | ||
| Fwd PE | 24.76 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ASM is valued a bit more expensive than the industry average as 62.75% of the companies are valued more cheaply.
ASM's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. ASM is cheaper than 62.75% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 48.58 | ||
| EV/EBITDA | 25.08 |
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.
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)1.81
PEG (5Y)1.58
EPS Next 2Y21.53%
EPS Next 3Y20.48%
5. Dividend
5.1 Amount
With a yearly dividend of 0.58%, ASM is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 1.12, ASM has a dividend in line with its industry peers.
With a Dividend Yield of 0.58, ASM pays less dividend than the S&P500 average, which is at 2.37.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.58% |
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.
ASM's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP19.76%
EPS Next 2Y21.53%
EPS Next 3Y20.48%
AMS:ASM (7/11/2025, 7:00:00 PM)
524.8
-1.4 (-0.27%)
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 Cap25.89B
Analysts79.2
Price Target611.95 (16.61%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.58% |
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)-0.4%
PT rev (3m)-11.83%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-0.16%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.9%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.18%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-4.31%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 35.92 | ||
| Fwd PE | 24.76 | ||
| P/S | 8.83 | ||
| P/FCF | 48.58 | ||
| P/OCF | 28.84 | ||
| P/B | 6.91 | ||
| P/tB | 9.92 | ||
| EV/EBITDA | 25.08 |
EPS(TTM)14.61
EY2.78%
EPS(NY)21.19
Fwd EY4.04%
FCF(TTM)10.8
FCFY2.06%
OCF(TTM)18.2
OCFY3.47%
SpS59.45
BVpS75.96
TBVpS52.91
PEG (NY)1.81
PEG (5Y)1.58
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 | 13.37 |
F-Score6
WACC10.76%
ROIC/WACC1.56
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 5Y14.82%
EBIT growth 1Y22.44%
EBIT growth 3Y17.93%
EBIT growth 5Y29.04%
EBIT Next Year47.32%
EBIT Next 3Y26.85%
EBIT Next 5Y21.75%
FCF growth 1Y27.44%
FCF growth 3Y33.54%
FCF growth 5Y7.13%
OCF growth 1Y21.98%
OCF growth 3Y33.11%
OCF growth 5Y12.92%