ASM INTERNATIONAL NV (ASM.AS) Stock Fundamental Analysis
AMS:ASM - Euronext Amsterdam - NL0000334118 - Common Stock - Currency: EUR
Taking everything into account, ASM scores 7 out of 10 in our fundamental rating. ASM was compared to 53 industry peers in the Semiconductors & Semiconductor Equipment industry. ASM gets an excellent profitability rating and is at the same time showing great financial health properties. 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.
In the past year ASM had a positive cash flow from operations.
ASM had positive earnings in each of the past 5 years.
ASM had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
ASM has a Return On Assets of 13.28%. This is in the better half of the industry: ASM outperforms 71.70% of its industry peers.
The Return On Equity of ASM (18.30%) is better than 67.92% of its industry peers.
Looking at the Return On Invested Capital, with a value of 16.81%, ASM is in the better half of the industry, outperforming 79.25% 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 15.09%.
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
The Profit Margin of ASM (23.38%) is better than 73.58% of its industry peers.
In the last couple of years the Profit Margin of ASM has declined.
The Operating Margin of ASM (27.40%) is better than 67.92% of its industry peers.
In the last couple of years the Operating Margin of ASM has grown nicely.
The Gross Margin of ASM (50.51%) is better than 66.04% 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
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 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 12.45 indicates that ASM is not in any danger for bankruptcy at the moment.
ASM's Altman-Z score of 12.45 is amongst the best of the industry. ASM outperforms 92.45% of its industry peers.
The Debt to FCF ratio of ASM is 0.07, which is an excellent value as it means it would take ASM, only 0.07 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of ASM (0.07) is better than 98.11% 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.
With an excellent Debt to Equity ratio value of 0.01, ASM belongs to the best of the industry, outperforming 96.23% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.07 | ||
| Altman-Z | 12.45 |
ROIC/WACC1.59
WACC10.55%
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.
Looking at the Current ratio, with a value of 2.01, ASM is in line with its industry, outperforming 43.40% of the companies in the same industry.
A Quick Ratio of 1.54 indicates that ASM should not have too much problems paying its short term obligations.
ASM's Quick ratio of 1.54 is in line compared to the rest of the industry. ASM outperforms 45.28% 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
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 14.74% 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 5Y14.74%
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
With a Price/Earnings ratio of 32.62, ASM can be considered very expensive at the moment.
Based on the Price/Earnings ratio, ASM is valued a bit more expensive than the industry average as 62.26% of the companies are valued more cheaply.
When comparing the Price/Earnings ratio of ASM to the average of the S&P500 Index (25.82), we can say ASM is valued slightly more expensively.
ASM is valuated rather expensively with a Price/Forward Earnings ratio of 22.07.
ASM's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 21.76. ASM is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.62 | ||
| Fwd PE | 22.07 |
4.2 Price Multiples
60.38% of the companies in the same industry are cheaper than ASM, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, ASM is valued a bit cheaper than 62.26% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 43.29 | ||
| EV/EBITDA | 22.9 |
4.3 Compensation for Growth
The 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.
ASM's earnings are expected to grow with 20.48% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.65
PEG (5Y)1.43
EPS Next 2Y21.53%
EPS Next 3Y20.48%
5. Dividend
5.1 Amount
ASM has a yearly dividend return of 0.62%, which is pretty low.
Compared to an average industry Dividend Yield of 1.37, ASM has a dividend in line with its industry peers.
With a Dividend Yield of 0.62, ASM pays less dividend than the S&P500 average, which is at 2.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.62% |
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 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 (5/23/2025, 7:00:00 PM)
467.7
-14.2 (-2.95%)
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 Cap23.07B
Analysts77.69
Price Target614.43 (31.37%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.62% |
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)-11.47%
PT rev (3m)-12.86%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0.16%
EPS NY rev (1m)0%
EPS NY rev (3m)-2.76%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.89%
Revenue NY rev (1m)-4.31%
Revenue NY rev (3m)-5%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.62 | ||
| Fwd PE | 22.07 | ||
| P/S | 7.87 | ||
| P/FCF | 43.29 | ||
| P/OCF | 25.7 | ||
| P/B | 6.16 | ||
| P/tB | 8.84 | ||
| EV/EBITDA | 22.9 |
EPS(TTM)14.34
EY3.07%
EPS(NY)21.19
Fwd EY4.53%
FCF(TTM)10.8
FCFY2.31%
OCF(TTM)18.2
OCFY3.89%
SpS59.45
BVpS75.96
TBVpS52.91
PEG (NY)1.65
PEG (5Y)1.43
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 | 12.45 |
F-Score6
WACC10.55%
ROIC/WACC1.59
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 Year16.1%
Revenue Next 2Y15.62%
Revenue Next 3Y15.87%
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%