ASM INTERNATIONAL NV (ASM.AS)
NL0000334118 - Common Stock
Taking everything into account, ASM scores 6 out of 10 in our fundamental rating. ASM was compared to 54 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 shows excellent growth, but is valued quite expensive already. With these ratings, ASM could be worth investigating further 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.
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
The Return On Assets of ASM (17.79%) is better than 70.37% of its industry peers.
The Return On Equity of ASM (23.31%) is better than 61.11% of its industry peers.
ASM's Return On Invested Capital of 15.41% is fine compared to the rest of the industry. ASM outperforms 64.81% of its industry peers.
ASM had an Average Return On Invested Capital over the past 3 years of 16.75%. This is in line with the industry average of 15.37%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 17.79% | ||
| ROE | 23.31% | ||
| ROIC | 15.41% |
ROA(3y)15.47%
ROA(5y)14.87%
ROE(3y)19.84%
ROE(5y)18.6%
ROIC(3y)16.75%
ROIC(5y)14.96%
1.3 Margins
ASM has a Profit Margin of 28.55%. This is amongst the best in the industry. ASM outperforms 81.48% of its industry peers.
ASM's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 24.91%, ASM is in the better half of the industry, outperforming 62.96% of the companies in the same industry.
ASM's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 48.27%, ASM is in the better half of the industry, outperforming 61.11% of the companies in the same industry.
In the last couple of years the Gross Margin of ASM has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 24.91% | ||
| PM (TTM) | 28.55% | ||
| GM | 48.27% |
OM growth 3Y-0.64%
OM growth 5Y10.14%
PM growth 3Y9.93%
PM growth 5Y8.25%
GM growth 3Y0.93%
GM growth 5Y3.39%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so ASM is still creating some value.
The number of shares outstanding for ASM has been reduced compared to 1 year ago.
ASM has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, ASM has a worse debt to assets ratio.
2.2 Solvency
ASM has an Altman-Z score of 19.64. This indicates that ASM is financially healthy and has little risk of bankruptcy at the moment.
ASM has a Altman-Z score of 19.64. This is amongst the best in the industry. ASM outperforms 92.59% 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.
ASM has a better Debt to FCF ratio (0.05) than 100.00% 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 96.30% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.05 | ||
| Altman-Z | 19.64 |
ROIC/WACC1.55
WACC9.97%
2.3 Liquidity
ASM has a Current Ratio of 2.45. This indicates that ASM is financially healthy and has no problem in meeting its short term obligations.
ASM has a Current ratio of 2.45. This is comparable to the rest of the industry: ASM outperforms 51.85% of its industry peers.
A Quick Ratio of 1.74 indicates that ASM should not have too much problems paying its short term obligations.
With a Quick ratio value of 1.74, ASM perfoms like the industry average, outperforming 57.41% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.45 | ||
| Quick Ratio | 1.74 |
3. Growth
3.1 Past
The earnings per share for ASM have decreased by -7.94% in the last year.
ASM shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 29.83% yearly.
The Revenue has grown by 9.27% in the past year. This is quite good.
Measured over the past years, ASM shows a very strong growth in Revenue. The Revenue has been growing by 26.35% on average per year.
EPS 1Y (TTM)-7.94%
EPS 3Y24.91%
EPS 5Y29.83%
EPS growth Q2Q-29.27%
Revenue 1Y (TTM)9.27%
Revenue growth 3Y25.64%
Revenue growth 5Y26.35%
Revenue growth Q2Q-12.68%
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 19.13% yearly.
The Revenue is expected to grow by 13.84% on average over the next years. This is quite good.
EPS Next Y6.73%
EPS Next 2Y22.31%
EPS Next 3Y21.34%
EPS Next 5Y19.13%
Revenue Next Year5.66%
Revenue Next 2Y14.43%
Revenue Next 3Y15.11%
Revenue Next 5Y13.84%
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 46.29, the valuation of ASM can be described as expensive.
Based on the Price/Earnings ratio, ASM is valued a bit more expensive than 62.96% of the companies in the same industry.
ASM's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 24.80.
The Price/Forward Earnings ratio is 43.37, which means the current valuation is very expensive for ASM.
Based on the Price/Forward Earnings ratio, ASM is valued a bit more expensive than the industry average as 77.78% of the companies are valued more cheaply.
The average S&P500 Price/Forward Earnings ratio is at 21.27. ASM is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 46.29 | ||
| Fwd PE | 43.37 |
4.2 Price Multiples
ASM's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. ASM is more expensive than 70.37% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, ASM is valued a bit cheaper than 66.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 64.1 | ||
| EV/EBITDA | 33.37 |
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.
ASM's earnings are expected to grow with 21.34% in the coming years. This may justify a more expensive valuation.
PEG (NY)6.88
PEG (5Y)1.55
EPS Next 2Y22.31%
EPS Next 3Y21.34%
5. Dividend
5.1 Amount
ASM has a yearly dividend return of 0.47%, which is pretty low.
Compared to an average industry Dividend Yield of 1.14, ASM has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.40, ASM's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.47% |
5.2 History
The dividend of ASM is nicely growing with an annual growth rate of 24.79%!
Dividend Growth(5Y)24.79%
Div Incr Years0
Div Non Decr Years3
5.3 Sustainability
16.41% of the earnings are spent on dividend by ASM. This is a low number and sustainable payout ratio.
ASM's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP16.41%
EPS Next 2Y22.31%
EPS Next 3Y21.34%
ASM INTERNATIONAL NV
AMS:ASM (4/18/2024, 7:00:00 PM)
544.8
-35.4 (-6.1%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap26.81B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.47% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 46.29 | ||
| Fwd PE | 43.37 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)6.88
PEG (5Y)1.55
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 17.79% | ||
| ROE | 23.31% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 24.91% | ||
| PM (TTM) | 28.55% | ||
| GM | 48.27% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.62
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 2.45 | ||
| Quick Ratio | 1.74 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-7.94%
EPS 3Y24.91%
EPS 5Y
EPS growth Q2Q
EPS Next Y6.73%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)9.27%
Revenue growth 3Y25.64%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y