ASM INTERNATIONAL NV (AVS.DE) Stock Fundamental Analysis
FRA:AVS - Deutsche Boerse Ag - NL0000334118 - Common Stock - Currency: EUR
We assign a fundamental rating of 7 out of 10 to AVS. AVS was compared to 54 industry peers in the Semiconductors & Semiconductor Equipment industry. AVS gets an excellent profitability rating and is at the same time showing great financial health properties. AVS shows excellent growth, but is valued quite expensive already. With these ratings, AVS could be worth investigating further for growth and quality investing!.
1. Profitability
1.1 Basic Checks
AVS had positive earnings in the past year.
AVS had a positive operating cash flow in the past year.
Each year in the past 5 years AVS has been profitable.
In the past 5 years AVS always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 13.28%, AVS is in the better half of the industry, outperforming 74.07% of the companies in the same industry.
AVS has a better Return On Equity (18.30%) than 68.52% of its industry peers.
The Return On Invested Capital of AVS (16.81%) is better than 81.48% of its industry peers.
The Average Return On Invested Capital over the past 3 years for AVS is in line with the industry average of 15.25%.
The 3 year average ROIC (16.68%) for AVS 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
With a decent Profit Margin value of 23.38%, AVS is doing good in the industry, outperforming 75.93% of the companies in the same industry.
In the last couple of years the Profit Margin of AVS has declined.
With a decent Operating Margin value of 27.40%, AVS is doing good in the industry, outperforming 70.37% of the companies in the same industry.
AVS's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 50.51%, AVS is in the better half of the industry, outperforming 64.81% of the companies in the same industry.
AVS'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), AVS is creating some value.
AVS has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, AVS has more shares outstanding
The debt/assets ratio for AVS has been reduced compared to a year ago.
2.2 Solvency
AVS has an Altman-Z score of 12.48. This indicates that AVS is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of AVS (12.48) is better than 90.74% of its industry peers.
AVS 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.
AVS has a Debt to FCF ratio of 0.07. This is amongst the best in the industry. AVS outperforms 100.00% of its industry peers.
AVS has a Debt/Equity ratio of 0.01. This is a healthy value indicating a solid balance between debt and equity.
AVS has a better Debt to Equity ratio (0.01) than 98.15% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.07 | ||
| Altman-Z | 12.48 |
ROIC/WACC1.58
WACC10.61%
2.3 Liquidity
A Current Ratio of 2.01 indicates that AVS has no problem at all paying its short term obligations.
AVS has a Current ratio (2.01) which is in line with its industry peers.
A Quick Ratio of 1.54 indicates that AVS should not have too much problems paying its short term obligations.
The Quick ratio of AVS (1.54) is comparable to the rest of the industry.
| 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 24.87% over the past year.
Measured over the past years, AVS shows a very strong growth in Earnings Per Share. The EPS has been growing by 22.75% on average per year.
AVS shows a strong growth in Revenue. In the last year, the Revenue has grown by 22.22%.
AVS shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 21.13% yearly.
EPS 1Y (TTM)24.87%
EPS 3Y11.54%
EPS 5Y22.75%
EPS Q2Q%7.18%
Revenue 1Y (TTM)22.22%
Revenue growth 3Y19.24%
Revenue growth 5Y21.13%
Sales Q2Q%31.33%
3.2 Future
Based on estimates for the next years, AVS will show a quite strong growth in Earnings Per Share. The EPS will grow by 17.58% on average per year.
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 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.
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 33.09, which means the current valuation is very expensive for AVS.
61.11% of the companies in the same industry are cheaper than AVS, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 26.43, AVS is valued a bit more expensive.
Based on the Price/Forward Earnings ratio of 22.81, the valuation of AVS can be described as rather expensive.
Compared to the rest of the industry, the Price/Forward Earnings ratio of AVS is on the same level as its industry peers.
When comparing the Price/Forward Earnings ratio of AVS to the average of the S&P500 Index (22.17), we can say AVS is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 33.09 | ||
| Fwd PE | 22.81 |
4.2 Price Multiples
AVS's Enterprise Value to EBITDA ratio is in line with the industry average.
AVS's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 44.75 | ||
| EV/EBITDA | 22.97 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
AVS has a very decent profitability rating, which may justify a higher PE ratio.
AVS's earnings are expected to grow with 20.48% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.67
PEG (5Y)1.45
EPS Next 2Y21.53%
EPS Next 3Y20.48%
5. Dividend
5.1 Amount
AVS has a yearly dividend return of 0.60%, which is pretty low.
Compared to an average industry Dividend Yield of 1.53, AVS has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.38, AVS's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.6% |
5.2 History
The dividend of AVS is nicely growing with an annual growth rate of 6.39%!
Dividend Growth(5Y)6.39%
Div Incr Years2
Div Non Decr Years3
5.3 Sustainability
AVS pays out 19.76% of its income as dividend. This is a sustainable payout ratio.
The dividend of AVS is growing, but earnings are growing more, so the dividend growth is sustainable.
DP19.76%
EPS Next 2Y21.53%
EPS Next 3Y20.48%
FRA:AVS (6/3/2025, 7:00:00 PM)
483.4
+10 (+2.11%)
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 Cap23.85B
Analysts77.69
Price Target615.41 (27.31%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.6% |
Yearly Dividend2.76
Dividend Growth(5Y)6.39%
DP19.76%
Div Incr Years2
Div Non Decr Years3
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)-2.66%
PT rev (3m)-11.99%
EPS NQ rev (1m)0.03%
EPS NQ rev (3m)0.19%
EPS NY rev (1m)0%
EPS NY rev (3m)-2.76%
Revenue NQ rev (1m)0.17%
Revenue NQ rev (3m)2.06%
Revenue NY rev (1m)-3.88%
Revenue NY rev (3m)-4.95%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 33.09 | ||
| Fwd PE | 22.81 | ||
| P/S | 8.13 | ||
| P/FCF | 44.75 | ||
| P/OCF | 26.56 | ||
| P/B | 6.36 | ||
| P/tB | 9.14 | ||
| EV/EBITDA | 22.97 |
EPS(TTM)14.61
EY3.02%
EPS(NY)21.19
Fwd EY4.38%
FCF(TTM)10.8
FCFY2.23%
OCF(TTM)18.2
OCFY3.76%
SpS59.45
BVpS75.96
TBVpS52.91
PEG (NY)1.67
PEG (5Y)1.45
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 | 12.48 |
F-Score6
WACC10.61%
ROIC/WACC1.58
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)24.87%
EPS 3Y11.54%
EPS 5Y22.75%
EPS Q2Q%7.18%
EPS Next Y19.83%
EPS Next 2Y21.53%
EPS Next 3Y20.48%
EPS Next 5Y17.58%
Revenue 1Y (TTM)22.22%
Revenue growth 3Y19.24%
Revenue growth 5Y21.13%
Sales Q2Q%31.33%
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 Year47.32%
EBIT Next 3Y26.85%
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%