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 has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. AVS shows excellent growth, but is valued quite expensive already. These ratings would make AVS suitable for growth and quality investing!
1. Profitability
1.1 Basic Checks
AVS had positive earnings in the past year.
In the past year AVS had a positive cash flow from operations.
Each year in the past 5 years AVS has been profitable.
Each year in the past 5 years AVS had a positive operating cash flow.
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 66.67% of the companies in the same industry.
With a Return On Equity value of 18.30%, AVS perfoms like the industry average, outperforming 57.41% of the companies in the same industry.
AVS has a better Return On Invested Capital (16.81%) than 75.93% of its industry peers.
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 16.29%.
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 66.67% 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 27.40%, AVS is in the better half of the industry, outperforming 61.11% of the companies in the same industry.
AVS's Operating Margin has improved in the last couple of years.
With a decent Gross Margin value of 50.51%, AVS is doing good in the industry, outperforming 62.96% 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.
AVS has less shares outstanding than it did 1 year ago.
The number of shares outstanding for AVS has been increased compared to 5 years ago.
AVS has a better debt/assets ratio than last year.
2.2 Solvency
AVS has an Altman-Z score of 13.26. This indicates that AVS is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 13.26, AVS belongs to the top of the industry, outperforming 92.59% of the companies in the same industry.
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's Debt to FCF ratio of 0.07 is amongst the best of the industry. AVS outperforms 98.15% 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.
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 | 0.07 | ||
| Altman-Z | 13.26 |
ROIC/WACC1.57
WACC10.74%
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.
Looking at the Current ratio, with a value of 2.01, AVS is in line with its industry, outperforming 40.74% of the companies in the same industry.
A Quick Ratio of 1.54 indicates that AVS should not have too much problems paying its short term obligations.
AVS has a Quick ratio (1.54) which 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%.
The Revenue has been growing by 21.13% on average over the past years. This is a very strong growth!
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 14.82% 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 5Y14.82%
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in 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
Based on the Price/Earnings ratio of 35.65, the valuation of AVS can be described as expensive.
AVS's Price/Earnings ratio is a bit more expensive when compared to the industry. AVS is more expensive than 61.11% of the companies in the same industry.
AVS is valuated rather expensively when we compare the Price/Earnings ratio to 27.50, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 24.57 indicates a rather expensive valuation of AVS.
AVS's Price/Forward Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 36.44, AVS is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 35.65 | ||
| Fwd PE | 24.57 |
4.2 Price Multiples
66.67% of the companies in the same industry are cheaper than AVS, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of AVS indicates a somewhat cheap valuation: AVS is cheaper than 61.11% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 48.21 | ||
| EV/EBITDA | 24.82 |
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)1.8
PEG (5Y)1.57
EPS Next 2Y21.53%
EPS Next 3Y20.48%
5. Dividend
5.1 Amount
With a yearly dividend of 0.58%, AVS is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 1.19, AVS has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.34, AVS's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.58% |
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 Years2
Div Non Decr Years3
5.3 Sustainability
19.76% 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.
DP19.76%
EPS Next 2Y21.53%
EPS Next 3Y20.48%
FRA:AVS (7/18/2025, 7:00:00 PM)
520.8
-7.2 (-1.36%)
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 Cap25.69B
Analysts79.2
Price Target605.02 (16.17%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.58% |
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)-1.65%
PT rev (3m)-13.06%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0.03%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.17%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-4.31%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 35.65 | ||
| Fwd PE | 24.57 | ||
| P/S | 8.76 | ||
| P/FCF | 48.21 | ||
| P/OCF | 28.62 | ||
| P/B | 6.86 | ||
| P/tB | 9.84 | ||
| EV/EBITDA | 24.82 |
EPS(TTM)14.61
EY2.81%
EPS(NY)21.19
Fwd EY4.07%
FCF(TTM)10.8
FCFY2.07%
OCF(TTM)18.2
OCFY3.49%
SpS59.45
BVpS75.96
TBVpS52.91
PEG (NY)1.8
PEG (5Y)1.57
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 | 13.26 |
F-Score6
WACC10.74%
ROIC/WACC1.57
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 5Y14.82%
EBIT growth 1Y22.44%
EBIT growth 3Y17.93%
EBIT growth 5Y29.04%
EBIT Next Year47.32%
EBIT Next 3Y26.85%
EBIT Next 5Y21.75%
FCF growth 1Y27.44%
FCF growth 3Y33.54%
FCF growth 5Y7.13%
OCF growth 1Y21.98%
OCF growth 3Y33.11%
OCF growth 5Y12.92%