ASM INTERNATIONAL NV (ASM.AS) Stock Fundamental Analysis
Europe - AMS:ASM - NL0000334118 - Common Stock
486.05 EUR
-14.35 (-2.87%)
Taking everything into account, ASM scores 7 out of 10 in our fundamental rating. ASM was compared to 57 industry peers in the Semiconductors & Semiconductor Equipment industry. ASM scores excellent points on both the profitability and health parts. This is a solid base for a good stock. 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.
In the past year ASM had a positive cash flow from operations.
Each year in the past 5 years ASM has been profitable.
Each year in the past 5 years ASM had a positive operating cash flow.
1.2 Ratios
The Return On Assets of ASM (10.21%) is comparable to the rest of the industry.
ASM's Return On Equity of 14.07% is in line compared to the rest of the industry. ASM outperforms 54.39% of its industry peers.
ASM's Return On Invested Capital of 20.16% is amongst the best of the industry. ASM outperforms 84.21% 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 14.73%.
The last Return On Invested Capital (20.16%) for ASM is above the 3 year average (16.68%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.21% | ||
| ROE | 14.07% | ||
| ROIC | 20.16% |
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's Profit Margin of 16.16% is in line compared to the rest of the industry. ASM outperforms 59.65% of its industry peers.
In the last couple of years the Profit Margin of ASM has declined.
ASM has a better Operating Margin (29.52%) than 73.68% of its industry peers.
ASM's Operating Margin has improved in the last couple of years.
ASM has a better Gross Margin (51.27%) than 61.40% of its industry peers.
In the last couple of years the Gross Margin of ASM has grown nicely.
| 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
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 less shares outstanding than it did 1 year ago.
The number of shares outstanding for ASM has been increased compared to 5 years ago.
The debt/assets ratio for ASM has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 13.00 indicates that ASM is not in any danger for bankruptcy at the moment.
The Altman-Z score of ASM (13.00) is better than 89.47% 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's Debt to FCF ratio of 0.05 is amongst the best of the industry. ASM outperforms 94.74% 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.
The Debt to Equity ratio of ASM (0.01) is better than 94.74% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.05 | ||
| Altman-Z | 13 |
ROIC/WACC1.98
WACC10.17%
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 (2.01) which is in line with its industry peers.
A Quick Ratio of 1.54 indicates that ASM should not have too much problems paying its short term obligations.
With a Quick ratio value of 1.54, ASM perfoms like the industry average, outperforming 40.35% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.01 | ||
| Quick Ratio | 1.54 |
3. Growth
3.1 Past
ASM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 25.36%, which is quite impressive.
The Earnings Per Share has been growing by 22.75% on average over the past years. This is a very strong growth
ASM shows a strong growth in Revenue. In the last year, the Revenue has grown by 25.46%.
Measured over the past years, ASM shows a very strong growth in Revenue. The Revenue has been growing by 21.13% on average per year.
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 17.58% yearly.
The Revenue is expected to grow by 14.03% on average over the next years. This is quite good.
EPS Next Y6.16%
EPS Next 2Y10.12%
EPS Next 3Y13.44%
EPS Next 5Y17.58%
Revenue Next Year12.36%
Revenue Next 2Y10.04%
Revenue Next 3Y12.06%
Revenue Next 5Y14.03%
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.
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
ASM is valuated quite expensively with a Price/Earnings ratio of 32.89.
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 at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.41, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 27.93, the valuation of ASM can be described as expensive.
ASM's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. ASM is more expensive than 61.40% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.87. ASM is valued slightly more expensive when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.89 | ||
| Fwd PE | 27.93 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as ASM.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of ASM indicates a somewhat cheap valuation: ASM is cheaper than 68.42% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 31.78 | ||
| EV/EBITDA | 19.98 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
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 13.44% in the coming years.
PEG (NY)5.34
PEG (5Y)1.45
EPS Next 2Y10.12%
EPS Next 3Y13.44%
5. Dividend
5.1 Amount
With a yearly dividend of 0.60%, ASM is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 1.24, ASM has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.38, ASM's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.6% |
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
5.3 Sustainability
ASM pays out 27.94% of its income as dividend. This is a sustainable payout ratio.
The dividend of ASM is growing, but earnings are growing more, so the dividend growth is sustainable.
DP27.94%
EPS Next 2Y10.12%
EPS Next 3Y13.44%
AMS:ASM (9/23/2025, 9:30:16 AM)
486.05
-14.35 (-2.87%)
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 Cap23.98B
Analysts76.8
Price Target569.47 (17.16%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.6% |
Yearly Dividend2.76
Dividend Growth(5Y)6.39%
DP27.94%
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)-1.8%
PT rev (3m)-6.94%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-18.39%
EPS NY rev (1m)0%
EPS NY rev (3m)-11.4%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-13.54%
Revenue NY rev (1m)-0.24%
Revenue NY rev (3m)-3.22%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.89 | ||
| Fwd PE | 27.93 | ||
| P/S | 7.35 | ||
| P/FCF | 31.78 | ||
| P/OCF | 20.95 | ||
| P/B | 6.4 | ||
| P/tB | 9.19 | ||
| EV/EBITDA | 19.98 |
EPS(TTM)14.78
EY3.04%
EPS(NY)17.4
Fwd EY3.58%
FCF(TTM)15.29
FCFY3.15%
OCF(TTM)23.2
OCFY4.77%
SpS66.13
BVpS75.96
TBVpS52.91
PEG (NY)5.34
PEG (5Y)1.45
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.21% | ||
| ROE | 14.07% | ||
| ROCE | 24.31% | ||
| ROIC | 20.16% | ||
| ROICexc | 26.31% | ||
| ROICexgc | 42.06% | ||
| 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%
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-Score7
Asset Turnover0.63
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.05 | ||
| Debt/EBITDA | 0.02 | ||
| Cap/Depr | 171.37% | ||
| Cap/Sales | 11.96% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 96.12% | ||
| Profit Quality | 143.11% | ||
| Current Ratio | 2.01 | ||
| Quick Ratio | 1.54 | ||
| Altman-Z | 13 |
F-Score7
WACC10.17%
ROIC/WACC1.98
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 Y6.16%
EPS Next 2Y10.12%
EPS Next 3Y13.44%
EPS Next 5Y17.58%
Revenue 1Y (TTM)25.46%
Revenue growth 3Y19.24%
Revenue growth 5Y21.13%
Sales Q2Q%18.34%
Revenue Next Year12.36%
Revenue Next 2Y10.04%
Revenue Next 3Y12.06%
Revenue Next 5Y14.03%
EBIT growth 1Y49.01%
EBIT growth 3Y17.93%
EBIT growth 5Y29.04%
EBIT Next Year47.32%
EBIT Next 3Y26.85%
EBIT Next 5Y20.92%
FCF growth 1Y106.92%
FCF growth 3Y33.54%
FCF growth 5Y7.13%
OCF growth 1Y84.3%
OCF growth 3Y33.11%
OCF growth 5Y12.92%