ASM INTERNATIONAL NV (ASM.AS) Stock Fundamental Analysis
AMS:ASM - Euronext Amsterdam - NL0000334118 - Common Stock - Currency: EUR
Overall ASM gets a fundamental rating of 6 out of 10. We evaluated ASM against 53 industry peers in the Semiconductors & Semiconductor Equipment industry. Both the health and profitability get an excellent rating, making ASM a very profitable company, without any liquidiy or solvency issues. 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
ASM had positive earnings in the past year.
ASM had a positive operating cash flow in the past year.
ASM had positive earnings in each of the past 5 years.
In the past 5 years ASM always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of ASM (13.28%) is better than 69.81% of its industry peers.
ASM's Return On Equity of 18.30% is fine compared to the rest of the industry. ASM outperforms 66.04% of its industry peers.
The Return On Invested Capital of ASM (16.81%) is better than 77.36% of its industry peers.
ASM had an Average Return On Invested Capital over the past 3 years of 16.68%. This is in line with the industry average of 15.36%.
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
ASM has a better Profit Margin (23.38%) than 71.70% of its industry peers.
ASM's Profit Margin has declined in the last couple of years.
ASM's Operating Margin of 27.40% is fine compared to the rest of the industry. ASM outperforms 69.81% 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 64.15% 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.
The number of shares outstanding for ASM has been increased compared to 5 years ago.
ASM has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 11.26 indicates that ASM is not in any danger for bankruptcy at the moment.
ASM has a Altman-Z score of 11.26. This is amongst the best in the industry. ASM outperforms 92.45% 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.
ASM has a Debt to FCF ratio of 0.07. This is amongst the best in the industry. ASM outperforms 98.11% of its industry peers.
A Debt/Equity ratio of 0.01 indicates that ASM is not too dependend on debt financing.
ASM has a better Debt to Equity ratio (0.01) than 96.23% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.07 | ||
| Altman-Z | 11.26 |
ROIC/WACC1.62
WACC10.37%
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.
The Current ratio of ASM (2.01) is worse than 60.38% 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 worse than 62.26% of its industry peers.
| 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 22.56% over the past year.
The Earnings Per Share has been growing by 22.75% on average over the past years. This is a very strong growth
ASM shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 11.33%.
The Revenue has been growing by 21.13% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)22.56%
EPS 3Y11.54%
EPS 5Y22.75%
EPS Q2Q%-0.28%
Revenue 1Y (TTM)11.33%
Revenue growth 3Y19.24%
Revenue growth 5Y21.13%
Sales Q2Q%21.34%
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 17.58% yearly.
The Revenue is expected to grow by 14.74% 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 Year20.78%
Revenue Next 2Y18.95%
Revenue Next 3Y18.03%
Revenue Next 5Y14.74%
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
The Price/Earnings ratio is 30.98, which means the current valuation is very expensive for ASM.
Based on the Price/Earnings ratio, ASM is valued a bit more expensive than the industry average as 66.04% of the companies are valued more cheaply.
The average S&P500 Price/Earnings ratio is at 28.22. ASM is around the same levels.
A Price/Forward Earnings ratio of 20.96 indicates a rather expensive valuation of ASM.
ASM's Price/Forward Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 20.86, ASM is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.98 | ||
| Fwd PE | 20.96 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ASM is valued a bit more expensive than the industry average as 62.26% 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 60.38% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 41.13 | ||
| EV/EBITDA | 20.1 |
4.3 Compensation for Growth
ASM's 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)1.56
PEG (5Y)1.36
EPS Next 2Y21.53%
EPS Next 3Y20.48%
5. Dividend
5.1 Amount
With a yearly dividend of 0.71%, ASM is not a good candidate for dividend investing.
The stock price of ASM dropped by -21.64% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
Compared to an average industry Dividend Yield of 1.50, ASM has a dividend in line with its industry peers.
With a Dividend Yield of 0.71, ASM pays less dividend than the S&P500 average, which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.71% |
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 Years1
Div Non Decr Years4
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 (5/2/2025, 7:00:00 PM)
444.3
+19 (+4.47%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners57.78%
Inst Owner ChangeN/A
Ins Owners0.09%
Ins Owner ChangeN/A
Market Cap21.92B
Analysts77.69
Price Target664.21 (49.5%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.71% |
Yearly Dividend2.76
Dividend Growth(5Y)6.39%
DP19.76%
Div Incr Years1
Div Non Decr Years4
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)-5.22%
PT rev (3m)-4.68%
EPS NQ rev (1m)-0.19%
EPS NQ rev (3m)0.74%
EPS NY rev (1m)-0.9%
EPS NY rev (3m)-7.08%
Revenue NQ rev (1m)0.01%
Revenue NQ rev (3m)1.93%
Revenue NY rev (1m)-0.45%
Revenue NY rev (3m)-1.17%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.98 | ||
| Fwd PE | 20.96 | ||
| P/S | 7.47 | ||
| P/FCF | 41.13 | ||
| P/OCF | 24.42 | ||
| P/B | 5.85 | ||
| P/tB | 8.4 | ||
| EV/EBITDA | 20.1 |
EPS(TTM)14.34
EY3.23%
EPS(NY)21.19
Fwd EY4.77%
FCF(TTM)10.8
FCFY2.43%
OCF(TTM)18.2
OCFY4.1%
SpS59.45
BVpS75.96
TBVpS52.91
PEG (NY)1.56
PEG (5Y)1.36
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 | 11.26 |
F-Score6
WACC10.37%
ROIC/WACC1.62
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)22.56%
EPS 3Y11.54%
EPS 5Y22.75%
EPS Q2Q%-0.28%
EPS Next Y19.83%
EPS Next 2Y21.53%
EPS Next 3Y20.48%
EPS Next 5Y17.58%
Revenue 1Y (TTM)11.33%
Revenue growth 3Y19.24%
Revenue growth 5Y21.13%
Sales Q2Q%21.34%
Revenue Next Year20.78%
Revenue Next 2Y18.95%
Revenue Next 3Y18.03%
Revenue Next 5Y14.74%
EBIT growth 1Y22.44%
EBIT growth 3Y17.93%
EBIT growth 5Y29.04%
EBIT Next Year52.6%
EBIT Next 3Y30.14%
EBIT Next 5Y21.98%
FCF growth 1Y27.44%
FCF growth 3Y33.54%
FCF growth 5Y7.13%
OCF growth 1Y21.98%
OCF growth 3Y33.11%
OCF growth 5Y12.92%