BE SEMICONDUCTOR INDUSTRIES (BESI.AS) Stock Fundamental Analysis
Europe - AMS:BESI - NL0012866412 - Common Stock
121.5 EUR
-3.3 (-2.64%)
BESI gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 56 industry peers in the Semiconductors & Semiconductor Equipment industry. BESI has an excellent profitability rating, but there are some minor concerns on its financial health. BESI is valued quite expensive, but it does show an excellent growth. With these ratings, BESI could be worth investigating further for growth investing!.
1. Profitability
1.1 Basic Checks
BESI had positive earnings in the past year.
BESI had a positive operating cash flow in the past year.
Each year in the past 5 years BESI has been profitable.
Each year in the past 5 years BESI had a positive operating cash flow.
1.2 Ratios
BESI has a Return On Assets of 13.74%. This is in the better half of the industry: BESI outperforms 75.00% of its industry peers.
BESI has a better Return On Equity (33.84%) than 80.36% of its industry peers.
Looking at the Return On Invested Capital, with a value of 13.23%, BESI is in the better half of the industry, outperforming 69.64% of the companies in the same industry.
BESI had an Average Return On Invested Capital over the past 3 years of 19.02%. This is above the industry average of 14.85%.
The 3 year average ROIC (19.02%) for BESI is well above the current ROIC(13.23%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.74% | ||
| ROE | 33.84% | ||
| ROIC | 13.23% |
ROA(3y)18.56%
ROA(5y)18.98%
ROE(3y)38.87%
ROE(5y)39.57%
ROIC(3y)19.02%
ROIC(5y)19.17%
1.3 Margins
Looking at the Profit Margin, with a value of 28.17%, BESI is in the better half of the industry, outperforming 78.57% of the companies in the same industry.
BESI's Profit Margin has improved in the last couple of years.
The Operating Margin of BESI (31.28%) is better than 78.57% of its industry peers.
In the last couple of years the Operating Margin of BESI has grown nicely.
BESI's Gross Margin of 63.90% is amongst the best of the industry. BESI outperforms 85.71% of its industry peers.
BESI's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 31.28% | ||
| PM (TTM) | 28.17% | ||
| GM | 63.9% |
OM growth 3Y-8.76%
OM growth 5Y4.43%
PM growth 3Y-7.37%
PM growth 5Y5.59%
GM growth 3Y3.01%
GM growth 5Y3.15%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), BESI is creating value.
BESI has more shares outstanding than it did 1 year ago.
The number of shares outstanding for BESI has been increased compared to 5 years ago.
The debt/assets ratio for BESI is higher compared to a year ago.
2.2 Solvency
BESI has an Altman-Z score of 10.39. This indicates that BESI is financially healthy and has little risk of bankruptcy at the moment.
BESI has a better Altman-Z score (10.39) than 78.57% of its industry peers.
BESI has a debt to FCF ratio of 2.87. This is a good value and a sign of high solvency as BESI would need 2.87 years to pay back of all of its debts.
BESI has a Debt to FCF ratio (2.87) which is in line with its industry peers.
BESI has a Debt/Equity ratio of 1.07. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 1.07, BESI is doing worse than 89.29% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.07 | ||
| Debt/FCF | 2.87 | ||
| Altman-Z | 10.39 |
ROIC/WACC1.33
WACC9.94%
2.3 Liquidity
A Current Ratio of 5.98 indicates that BESI has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 5.98, BESI belongs to the top of the industry, outperforming 96.43% of the companies in the same industry.
BESI has a Quick Ratio of 5.36. This indicates that BESI is financially healthy and has no problem in meeting its short term obligations.
BESI has a Quick ratio of 5.36. This is amongst the best in the industry. BESI outperforms 98.21% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 5.98 | ||
| Quick Ratio | 5.36 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 1.43% over the past year.
Measured over the past years, BESI shows a quite strong growth in Earnings Per Share. The EPS has been growing by 16.76% on average per year.
BESI shows a small growth in Revenue. In the last year, the Revenue has grown by 3.75%.
BESI shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 11.27% yearly.
EPS 1Y (TTM)1.43%
EPS 3Y-12.13%
EPS 5Y16.76%
EPS Q2Q%-24.53%
Revenue 1Y (TTM)3.75%
Revenue growth 3Y-6.76%
Revenue growth 5Y11.27%
Sales Q2Q%-2.03%
3.2 Future
The Earnings Per Share is expected to grow by 24.57% on average over the next years. This is a very strong growth
BESI is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 19.62% yearly.
EPS Next Y-20.14%
EPS Next 2Y22.7%
EPS Next 3Y29.35%
EPS Next 5Y24.57%
Revenue Next Year-3.87%
Revenue Next 2Y17.88%
Revenue Next 3Y20.17%
Revenue Next 5Y19.62%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 57.04 indicates a quite expensive valuation of BESI.
80.36% of the companies in the same industry are cheaper than BESI, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 27.38. BESI is valued rather expensively when compared to this.
A Price/Forward Earnings ratio of 35.09 indicates a quite expensive valuation of BESI.
69.64% of the companies in the same industry are cheaper than BESI, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of BESI to the average of the S&P500 Index (22.86), we can say BESI is valued expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 57.04 | ||
| Fwd PE | 35.09 |
4.2 Price Multiples
78.57% of the companies in the same industry are cheaper than BESI, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of BESI is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 51.98 | ||
| EV/EBITDA | 43.06 |
4.3 Compensation for Growth
The excellent profitability rating of BESI may justify a higher PE ratio.
BESI's earnings are expected to grow with 29.35% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)3.4
EPS Next 2Y22.7%
EPS Next 3Y29.35%
5. Dividend
5.1 Amount
BESI has a Yearly Dividend Yield of 1.92%.
Compared to an average industry Dividend Yield of 1.29, BESI pays a better dividend. On top of this BESI pays more dividend than 89.29% of the companies listed in the same industry.
BESI's Dividend Yield is comparable with the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.92% |
5.2 History
The dividend of BESI has a limited annual growth rate of 5.49%.
Dividend Growth(5Y)5.49%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
BESI pays out 101.88% of its income as dividend. This is not a sustainable payout ratio.
BESI's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP101.88%
EPS Next 2Y22.7%
EPS Next 3Y29.35%
AMS:BESI (9/19/2025, 7:00:00 PM)
121.5
-3.3 (-2.64%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners71.93%
Inst Owner ChangeN/A
Ins Owners1.84%
Ins Owner ChangeN/A
Market Cap9.86B
Analysts77.04
Price Target138.94 (14.35%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.92% |
Yearly Dividend2.19
Dividend Growth(5Y)5.49%
DP101.88%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-14.53%
Min EPS beat(2)-18.69%
Max EPS beat(2)-10.38%
EPS beat(4)2
Avg EPS beat(4)-0.47%
Min EPS beat(4)-18.69%
Max EPS beat(4)23.83%
EPS beat(8)5
Avg EPS beat(8)0.79%
EPS beat(12)9
Avg EPS beat(12)2.66%
EPS beat(16)9
Avg EPS beat(16)0.94%
Revenue beat(2)0
Avg Revenue beat(2)-7.62%
Min Revenue beat(2)-9.3%
Max Revenue beat(2)-5.94%
Revenue beat(4)0
Avg Revenue beat(4)-5.86%
Min Revenue beat(4)-9.3%
Max Revenue beat(4)-0.38%
Revenue beat(8)1
Avg Revenue beat(8)-3.51%
Revenue beat(12)3
Avg Revenue beat(12)-2.6%
Revenue beat(16)4
Avg Revenue beat(16)-2.64%
PT rev (1m)0.78%
PT rev (3m)8.97%
EPS NQ rev (1m)-4.96%
EPS NQ rev (3m)-57.86%
EPS NY rev (1m)-33.74%
EPS NY rev (3m)-33.74%
Revenue NQ rev (1m)-1.37%
Revenue NQ rev (3m)-31.45%
Revenue NY rev (1m)-2.5%
Revenue NY rev (3m)-7.83%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 57.04 | ||
| Fwd PE | 35.09 | ||
| P/S | 16.37 | ||
| P/FCF | 51.98 | ||
| P/OCF | 47.78 | ||
| P/B | 19.67 | ||
| P/tB | 27.5 | ||
| EV/EBITDA | 43.06 |
EPS(TTM)2.13
EY1.75%
EPS(NY)3.46
Fwd EY2.85%
FCF(TTM)2.34
FCFY1.92%
OCF(TTM)2.54
OCFY2.09%
SpS7.42
BVpS6.18
TBVpS4.42
PEG (NY)N/A
PEG (5Y)3.4
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.74% | ||
| ROE | 33.84% | ||
| ROCE | 17.65% | ||
| ROIC | 13.23% | ||
| ROICexc | 35.68% | ||
| ROICexgc | 55.79% | ||
| OM | 31.28% | ||
| PM (TTM) | 28.17% | ||
| GM | 63.9% | ||
| FCFM | 31.5% |
ROA(3y)18.56%
ROA(5y)18.98%
ROE(3y)38.87%
ROE(5y)39.57%
ROIC(3y)19.02%
ROIC(5y)19.17%
ROICexc(3y)50.78%
ROICexc(5y)56.53%
ROICexgc(3y)83.27%
ROICexgc(5y)93.76%
ROCE(3y)25.37%
ROCE(5y)25.56%
ROICexcg growth 3Y-21.99%
ROICexcg growth 5Y-0.91%
ROICexc growth 3Y-21.66%
ROICexc growth 5Y1.58%
OM growth 3Y-8.76%
OM growth 5Y4.43%
PM growth 3Y-7.37%
PM growth 5Y5.59%
GM growth 3Y3.01%
GM growth 5Y3.15%
F-Score5
Asset Turnover0.49
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.07 | ||
| Debt/FCF | 2.87 | ||
| Debt/EBITDA | 2.47 | ||
| Cap/Depr | 56.37% | ||
| Cap/Sales | 2.77% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 94.67% | ||
| Profit Quality | 111.82% | ||
| Current Ratio | 5.98 | ||
| Quick Ratio | 5.36 | ||
| Altman-Z | 10.39 |
F-Score5
WACC9.94%
ROIC/WACC1.33
Cap/Depr(3y)32.8%
Cap/Depr(5y)30.17%
Cap/Sales(3y)1.37%
Cap/Sales(5y)1.16%
Profit Quality(3y)109.31%
Profit Quality(5y)108.74%
High Growth Momentum
Growth
EPS 1Y (TTM)1.43%
EPS 3Y-12.13%
EPS 5Y16.76%
EPS Q2Q%-24.53%
EPS Next Y-20.14%
EPS Next 2Y22.7%
EPS Next 3Y29.35%
EPS Next 5Y24.57%
Revenue 1Y (TTM)3.75%
Revenue growth 3Y-6.76%
Revenue growth 5Y11.27%
Sales Q2Q%-2.03%
Revenue Next Year-3.87%
Revenue Next 2Y17.88%
Revenue Next 3Y20.17%
Revenue Next 5Y19.62%
EBIT growth 1Y-5.23%
EBIT growth 3Y-14.92%
EBIT growth 5Y16.2%
EBIT Next Year15.49%
EBIT Next 3Y33.42%
EBIT Next 5Y28.29%
FCF growth 1Y-32.56%
FCF growth 3Y-11.48%
FCF growth 5Y9.96%
OCF growth 1Y-28.71%
OCF growth 3Y-10.22%
OCF growth 5Y10.86%