ASM INTERNATIONAL NV (AVS.DE) Stock Fundamental Analysis
FRA:AVS - Deutsche Boerse Ag - NL0000334118 - Common Stock - Currency: EUR
Overall AVS gets a fundamental rating of 7 out of 10. We evaluated AVS against 54 industry peers in the Semiconductors & Semiconductor Equipment industry. Both the health and profitability get an excellent rating, making AVS a very profitable company, without any liquidiy or solvency issues. AVS is not overvalued while it is showing excellent growth. This is an interesting combination. This makes AVS very considerable for growth and quality investing!
1. Profitability
1.1 Basic Checks
In the past year AVS was profitable.
AVS had a positive operating cash flow in the past year.
AVS had positive earnings in each of the past 5 years.
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 10.21%, AVS is in the better half of the industry, outperforming 68.52% of the companies in the same industry.
AVS has a Return On Equity of 14.07%. This is comparable to the rest of the industry: AVS outperforms 57.41% of its industry peers.
With an excellent Return On Invested Capital value of 20.16%, AVS belongs to the best of the industry, outperforming 83.33% of the companies in the same industry.
AVS had an Average Return On Invested Capital over the past 3 years of 16.68%. This is in line with the industry average of 15.49%.
The 3 year average ROIC (16.68%) for AVS is below the current ROIC(20.16%), indicating increased profibility in the last year.
| 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
Looking at the Profit Margin, with a value of 16.16%, AVS is in the better half of the industry, outperforming 61.11% of the companies in the same industry.
In the last couple of years the Profit Margin of AVS has declined.
Looking at the Operating Margin, with a value of 29.52%, AVS is in the better half of the industry, outperforming 74.07% of the companies in the same industry.
In the last couple of years the Operating Margin of AVS has grown nicely.
AVS has a Gross Margin of 51.27%. This is in the better half of the industry: AVS outperforms 62.96% of its industry peers.
AVS's Gross Margin has improved in the last couple of years.
| 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
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), AVS is creating value.
Compared to 1 year ago, AVS has less shares outstanding
AVS has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, AVS has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 11.48 indicates that AVS is not in any danger for bankruptcy at the moment.
AVS has a Altman-Z score of 11.48. This is amongst the best in the industry. AVS outperforms 87.04% of its industry peers.
The Debt to FCF ratio of AVS is 0.05, which is an excellent value as it means it would take AVS, only 0.05 years of fcf income to pay off all of its debts.
AVS has a Debt to FCF ratio of 0.05. This is amongst the best in the industry. AVS outperforms 98.15% of its industry peers.
A Debt/Equity ratio of 0.01 indicates that AVS is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.01, AVS belongs to the top of the industry, outperforming 96.30% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.05 | ||
| Altman-Z | 11.48 |
ROIC/WACC1.96
WACC10.3%
2.3 Liquidity
AVS has a Current Ratio of 2.01. This indicates that AVS is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of AVS (2.01) is comparable to the rest of the industry.
A Quick Ratio of 1.54 indicates that AVS should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.54, AVS is in line with its industry, outperforming 40.74% of the companies in the same 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 25.36% 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
The Revenue has grown by 25.46% in the past year. This is a very strong growth!
The Revenue has been growing by 21.13% on average over the past years. This is a very strong growth!
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
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.
AVS is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 14.82% yearly.
EPS Next Y19.83%
EPS Next 2Y21.53%
EPS Next 3Y20.48%
EPS Next 5Y17.58%
Revenue Next Year12.9%
Revenue Next 2Y11.18%
Revenue Next 3Y12.49%
Revenue Next 5Y14.82%
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 28.93, the valuation of AVS can be described as expensive.
Compared to the rest of the industry, the Price/Earnings ratio of AVS is on the same level as its industry peers.
AVS is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 26.93, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 20.18, AVS is valued on the expensive side.
Compared to the rest of the industry, the Price/Forward Earnings ratio of AVS is on the same level as its industry peers.
Compared to an average S&P500 Price/Forward Earnings ratio of 35.31, AVS is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.93 | ||
| Fwd PE | 20.18 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of AVS is on the same level as its industry peers.
Based on the Price/Free Cash Flow ratio, AVS is valued a bit cheaper than 68.52% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 27.96 | ||
| EV/EBITDA | 16.97 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The decent profitability rating of AVS may justify a higher PE ratio.
A more expensive valuation may be justified as AVS's earnings are expected to grow with 20.48% in the coming years.
PEG (NY)1.46
PEG (5Y)1.27
EPS Next 2Y21.53%
EPS Next 3Y20.48%
5. Dividend
5.1 Amount
With a yearly dividend of 0.72%, AVS is not a good candidate for dividend investing.
AVS's Dividend Yield is comparable with the industry average which is at 1.32.
Compared to an average S&P500 Dividend Yield of 2.39, AVS's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.72% |
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
27.94% of the earnings are spent on dividend by AVS. This is a low number and sustainable payout ratio.
The dividend of AVS is growing, but earnings are growing more, so the dividend growth is sustainable.
DP27.94%
EPS Next 2Y21.53%
EPS Next 3Y20.48%
FRA:AVS (8/14/2025, 7:00:00 PM)
427.6
-0.2 (-0.05%)
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 Cap21.09B
Analysts77.6
Price Target580.61 (35.78%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.72% |
Yearly Dividend2.76
Dividend Growth(5Y)6.39%
DP27.94%
Div Incr Years2
Div Non Decr Years3
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)-5.01%
PT rev (3m)-5.65%
EPS NQ rev (1m)-8.22%
EPS NQ rev (3m)-18.39%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)-3.61%
Revenue NQ rev (3m)-13.54%
Revenue NY rev (1m)-2.75%
Revenue NY rev (3m)-2.75%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.93 | ||
| Fwd PE | 20.18 | ||
| P/S | 6.47 | ||
| P/FCF | 27.96 | ||
| P/OCF | 18.43 | ||
| P/B | 5.63 | ||
| P/tB | 8.08 | ||
| EV/EBITDA | 16.97 |
EPS(TTM)14.78
EY3.46%
EPS(NY)21.19
Fwd EY4.96%
FCF(TTM)15.29
FCFY3.58%
OCF(TTM)23.2
OCFY5.43%
SpS66.13
BVpS75.96
TBVpS52.91
PEG (NY)1.46
PEG (5Y)1.27
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 | 11.48 |
F-Score7
WACC10.3%
ROIC/WACC1.96
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 Y19.83%
EPS Next 2Y21.53%
EPS Next 3Y20.48%
EPS Next 5Y17.58%
Revenue 1Y (TTM)25.46%
Revenue growth 3Y19.24%
Revenue growth 5Y21.13%
Sales Q2Q%18.34%
Revenue Next Year12.9%
Revenue Next 2Y11.18%
Revenue Next 3Y12.49%
Revenue Next 5Y14.82%
EBIT growth 1Y49.01%
EBIT growth 3Y17.93%
EBIT growth 5Y29.04%
EBIT Next Year47.32%
EBIT Next 3Y26.85%
EBIT Next 5Y21.75%
FCF growth 1Y106.92%
FCF growth 3Y33.54%
FCF growth 5Y7.13%
OCF growth 1Y84.3%
OCF growth 3Y33.11%
OCF growth 5Y12.92%