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 52 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. This makes AVS very considerable for growth and quality investing!
1. Profitability
1.1 Basic Checks
In the past year AVS was profitable.
In the past year AVS had a positive cash flow from operations.
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
AVS's Return On Assets of 13.28% is fine compared to the rest of the industry. AVS outperforms 71.15% of its industry peers.
AVS has a better Return On Equity (18.30%) than 67.31% of its industry peers.
Looking at the Return On Invested Capital, with a value of 16.81%, AVS is in the better half of the industry, outperforming 78.85% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for AVS is in line with the industry average of 15.85%.
The last Return On Invested Capital (16.81%) for AVS 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
AVS's Profit Margin of 23.38% is fine compared to the rest of the industry. AVS outperforms 75.00% of its industry peers.
In the last couple of years the Profit Margin of AVS has declined.
Looking at the Operating Margin, with a value of 27.40%, AVS is in the better half of the industry, outperforming 67.31% 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 69.23% of the companies in the same industry.
In the last couple of years the Gross Margin of AVS has grown nicely.
| 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.
Compared to 1 year ago, AVS has less shares outstanding
Compared to 5 years ago, AVS has more shares outstanding
Compared to 1 year ago, AVS has an improved debt to assets ratio.
2.2 Solvency
AVS has an Altman-Z score of 11.77. This indicates that AVS is financially healthy and has little risk of bankruptcy at the moment.
AVS has a better Altman-Z score (11.77) than 92.31% of its industry peers.
The Debt to FCF ratio of AVS is 0.07, which is an excellent value as it means it would take AVS, only 0.07 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 0.07, AVS belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
A Debt/Equity ratio of 0.01 indicates that AVS is not too dependend on debt financing.
AVS has a better Debt to Equity ratio (0.01) than 98.08% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.07 | ||
| Altman-Z | 11.77 |
ROIC/WACC1.6
WACC10.5%
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.
AVS has a Current ratio (2.01) which is in line with its industry peers.
AVS has a Quick Ratio of 1.54. This is a normal value and indicates that AVS is financially healthy and should not expect problems in meeting its short term obligations.
AVS's Quick ratio of 1.54 is in line compared to the rest of the industry. AVS outperforms 40.38% 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
The Revenue has grown by 11.33% in the past year. This is quite good.
Measured over the past years, AVS shows a very strong growth in Revenue. The Revenue has been growing by 21.13% on average per year.
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
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 14.74% yearly.
EPS Next Y19.83%
EPS Next 2Y21.53%
EPS Next 3Y20.48%
EPS Next 5Y17.58%
Revenue Next Year20.78%
Revenue Next 2Y18.95%
Revenue Next 3Y18.03%
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 31.44, AVS can be considered very expensive at the moment.
AVS's Price/Earnings ratio is a bit more expensive when compared to the industry. AVS is more expensive than 61.54% of the companies in the same industry.
AVS's Price/Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 24.21.
With a Price/Forward Earnings ratio of 21.27, 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.
AVS's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 20.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 31.44 | ||
| Fwd PE | 21.27 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of AVS indicates a slightly more expensive valuation: AVS is more expensive than 61.54% of the companies listed in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of AVS indicates a somewhat cheap valuation: AVS is cheaper than 63.46% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 41.73 | ||
| EV/EBITDA | 21.3 |
4.3 Compensation for Growth
AVS's 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.
A more expensive valuation may be justified as AVS's earnings are expected to grow with 20.48% in the coming years.
PEG (NY)1.59
PEG (5Y)1.38
EPS Next 2Y21.53%
EPS Next 3Y20.48%
5. Dividend
5.1 Amount
AVS has a yearly dividend return of 0.71%, which is pretty low.
AVS's Dividend Yield is comparable with the industry average which is at 1.48.
With a Dividend Yield of 0.71, AVS pays less dividend than the S&P500 average, which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.71% |
5.2 History
On average, the dividend of AVS grows each year by 6.39%, which is quite nice.
Dividend Growth(5Y)6.39%
Div Incr Years1
Div Non Decr Years2
5.3 Sustainability
AVS pays out 19.76% of its income as dividend. This is a sustainable payout ratio.
AVS's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP19.76%
EPS Next 2Y21.53%
EPS Next 3Y20.48%
FRA:AVS (5/9/2025, 7:00:00 PM)
450.8
+29.4 (+6.98%)
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 Cap22.24B
Analysts77.69
Price Target632.2 (40.24%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.71% |
Yearly Dividend2.76
Dividend Growth(5Y)6.39%
DP19.76%
Div Incr Years1
Div Non Decr Years2
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)-10.38%
PT rev (3m)-9.26%
EPS NQ rev (1m)-0.19%
EPS NQ rev (3m)0.16%
EPS NY rev (1m)-0.9%
EPS NY rev (3m)-2.76%
Revenue NQ rev (1m)0.01%
Revenue NQ rev (3m)1.89%
Revenue NY rev (1m)-0.45%
Revenue NY rev (3m)-1.17%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 31.44 | ||
| Fwd PE | 21.27 | ||
| P/S | 7.58 | ||
| P/FCF | 41.73 | ||
| P/OCF | 24.77 | ||
| P/B | 5.93 | ||
| P/tB | 8.52 | ||
| EV/EBITDA | 21.3 |
EPS(TTM)14.34
EY3.18%
EPS(NY)21.19
Fwd EY4.7%
FCF(TTM)10.8
FCFY2.4%
OCF(TTM)18.2
OCFY4.04%
SpS59.45
BVpS75.96
TBVpS52.91
PEG (NY)1.59
PEG (5Y)1.38
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 | 11.77 |
F-Score6
WACC10.5%
ROIC/WACC1.6
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 Year20.78%
Revenue Next 2Y18.95%
Revenue Next 3Y18.03%
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%