ASM INTERNATIONAL NV (ASM.AS) Stock Fundamental Analysis
AMS:ASM - NL0000334118 - Common Stock
417.15 EUR
+8.85 (+2.17%)
Overall ASM gets a fundamental rating of 7 out of 10. We evaluated ASM against 60 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 expensively, but it does show have an excellent growth rating. This makes ASM very considerable 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.
In the past 5 years ASM always reported a positive cash flow from operatings.
1.2 Ratios
ASM has a better Return On Assets (10.21%) than 68.33% of its industry peers.
ASM has a Return On Equity (14.07%) which is in line with its industry peers.
With an excellent Return On Invested Capital value of 20.16%, ASM belongs to the best of the industry, outperforming 86.67% 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 13.83%.
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 has a better Profit Margin (16.16%) than 63.33% of its industry peers.
ASM's Profit Margin has declined in the last couple of years.
With a decent Operating Margin value of 29.52%, ASM is doing good in the industry, outperforming 75.00% of the companies in the same industry.
In the last couple of years the Operating Margin of ASM has grown nicely.
With a decent Gross Margin value of 51.27%, ASM is doing good in the industry, outperforming 61.67% 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 | 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
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so ASM is creating value.
ASM has less shares outstanding than it did 1 year ago.
ASM has more shares outstanding than it did 5 years ago.
ASM has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 11.07 indicates that ASM is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 11.07, ASM belongs to the top of the industry, outperforming 86.67% of the companies in the same industry.
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.
With an excellent Debt to FCF ratio value of 0.05, ASM belongs to the best of the industry, outperforming 93.33% of the companies in the same industry.
A Debt/Equity ratio of 0.01 indicates that ASM is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.01, ASM belongs to the top of the industry, outperforming 93.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.05 | ||
| Altman-Z | 11.07 |
ROIC/WACC1.99
WACC10.14%
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.
With a Current ratio value of 2.01, ASM perfoms like the industry average, outperforming 41.67% of the companies in the same industry.
ASM has a Quick Ratio of 1.54. This is a normal value and indicates that ASM is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.54, ASM is doing worse than 60.00% 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.
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.
The Revenue has grown by 25.46% in the past year. This is a very strong growth!
ASM shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 21.13% yearly.
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
The Earnings Per Share is expected to grow by 17.58% on average over the next years. This is quite good.
ASM is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 14.00% yearly.
EPS Next Y6.16%
EPS Next 2Y10.12%
EPS Next 3Y13.44%
EPS Next 5Y17.58%
Revenue Next Year12.63%
Revenue Next 2Y10.87%
Revenue Next 3Y12.13%
Revenue Next 5Y14%
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
Based on the Price/Earnings ratio of 28.22, the valuation of ASM can be described as expensive.
The rest of the industry has a similar Price/Earnings ratio as ASM.
When comparing the Price/Earnings ratio of ASM to the average of the S&P500 Index (27.03), we can say ASM is valued inline with the index average.
The Price/Forward Earnings ratio is 23.97, which indicates a rather expensive current valuation of ASM.
Compared to the rest of the industry, the Price/Forward Earnings ratio of ASM is on the same level as its industry peers.
The average S&P500 Price/Forward Earnings ratio is at 22.63. ASM is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.22 | ||
| Fwd PE | 23.97 |
4.2 Price Multiples
ASM's Enterprise Value to EBITDA ratio is in line with the industry average.
75.00% of the companies in the same industry are more expensive than ASM, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 27.28 | ||
| EV/EBITDA | 16.16 |
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.
ASM's earnings are expected to grow with 13.44% in the coming years. This may justify a more expensive valuation.
PEG (NY)4.58
PEG (5Y)1.24
EPS Next 2Y10.12%
EPS Next 3Y13.44%
5. Dividend
5.1 Amount
ASM has a yearly dividend return of 0.70%, which is pretty low.
ASM's Dividend Yield is comparable with the industry average which is at 1.29.
With a Dividend Yield of 0.70, ASM pays less dividend than the S&P500 average, which is at 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.7% |
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
27.94% 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.
DP27.94%
EPS Next 2Y10.12%
EPS Next 3Y13.44%
AMS:ASM (9/5/2025, 4:14:18 PM)
417.15
+8.85 (+2.17%)
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 Cap20.58B
Analysts77.6
Price Target573.29 (37.43%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.7% |
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)-7.74%
PT rev (3m)-6.7%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-18.39%
EPS NY rev (1m)-11.4%
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)-2.98%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.22 | ||
| Fwd PE | 23.97 | ||
| P/S | 6.31 | ||
| P/FCF | 27.28 | ||
| P/OCF | 17.98 | ||
| P/B | 5.49 | ||
| P/tB | 7.88 | ||
| EV/EBITDA | 16.16 |
EPS(TTM)14.78
EY3.54%
EPS(NY)17.4
Fwd EY4.17%
FCF(TTM)15.29
FCFY3.67%
OCF(TTM)23.2
OCFY5.56%
SpS66.13
BVpS75.96
TBVpS52.91
PEG (NY)4.58
PEG (5Y)1.24
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 | 11.07 |
F-Score7
WACC10.14%
ROIC/WACC1.99
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 Year12.63%
Revenue Next 2Y10.87%
Revenue Next 3Y12.13%
Revenue Next 5Y14%
EBIT growth 1Y49.01%
EBIT growth 3Y17.93%
EBIT growth 5Y29.04%
EBIT Next Year47.32%
EBIT Next 3Y26.85%
EBIT Next 5Y20.88%
FCF growth 1Y106.92%
FCF growth 3Y33.54%
FCF growth 5Y7.13%
OCF growth 1Y84.3%
OCF growth 3Y33.11%
OCF growth 5Y12.92%