BE SEMICONDUCTOR INDUSTRIES (BESI.AS) Stock Fundamental Analysis
Europe - Euronext Amsterdam - AMS:BESI - NL0012866412 - Common Stock
132.1 EUR
-4.8 (-3.51%)
BESI gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 65 industry peers in the Semiconductors & Semiconductor Equipment industry. While BESI has a great profitability rating, there are some minor concerns on its financial health. BESI is valied quite expensively at the moment, while it does show a decent growth rate.
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.
BESI had positive earnings in each of the past 5 years.
In the past 5 years BESI always reported a positive cash flow from operatings.
1.2 Ratios
With a decent Return On Assets value of 13.86%, BESI is doing good in the industry, outperforming 76.92% of the companies in the same industry.
Looking at the Return On Equity, with a value of 41.00%, BESI belongs to the top of the industry, outperforming 86.15% of the companies in the same industry.
BESI's Return On Invested Capital of 13.53% is fine compared to the rest of the industry. BESI outperforms 69.23% of its industry peers.
BESI had an Average Return On Invested Capital over the past 3 years of 19.01%. This is above the industry average of 15.14%.
The 3 year average ROIC (19.01%) for BESI is well above the current ROIC(13.53%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.86% | ||
| ROE | 41% | ||
| ROIC | 13.53% |
ROA(3y)18.56%
ROA(5y)18.98%
ROE(3y)38.89%
ROE(5y)39.58%
ROIC(3y)19.01%
ROIC(5y)19.16%
1.3 Margins
BESI has a Profit Margin of 25.59%. This is in the better half of the industry: BESI outperforms 75.38% of its industry peers.
BESI's Profit Margin has improved in the last couple of years.
With a decent Operating Margin value of 28.87%, BESI is doing good in the industry, outperforming 70.77% of the companies in the same industry.
In the last couple of years the Operating Margin of BESI has grown nicely.
BESI's Gross Margin of 63.31% is amongst the best of the industry. BESI outperforms 87.69% of its industry peers.
BESI's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 28.87% | ||
| PM (TTM) | 25.59% | ||
| GM | 63.31% |
OM growth 3Y-8.69%
OM growth 5Y4.47%
PM growth 3Y-7.37%
PM growth 5Y5.59%
GM growth 3Y3.01%
GM growth 5Y3.15%
2. Health
2.1 Basic Checks
BESI has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
Compared to 1 year ago, BESI has more shares outstanding
BESI has more shares outstanding than it did 5 years ago.
The debt/assets ratio for BESI is higher compared to a year ago.
2.2 Solvency
The Debt to FCF ratio of BESI is 3.02, which is a good value as it means it would take BESI, 3.02 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 3.02, BESI perfoms like the industry average, outperforming 50.77% of the companies in the same industry.
A Debt/Equity ratio of 1.49 is on the high side and indicates that BESI has dependencies on debt financing.
BESI's Debt to Equity ratio of 1.49 is on the low side compared to the rest of the industry. BESI is outperformed by 92.31% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.49 | ||
| Debt/FCF | 3.02 | ||
| Altman-Z | N/A |
ROIC/WACC1.27
WACC10.64%
2.3 Liquidity
BESI has a Current Ratio of 5.77. This indicates that BESI is financially healthy and has no problem in meeting its short term obligations.
BESI has a better Current ratio (5.77) than 96.92% of its industry peers.
BESI has a Quick Ratio of 5.04. This indicates that BESI is financially healthy and has no problem in meeting its short term obligations.
BESI's Quick ratio of 5.04 is amongst the best of the industry. BESI outperforms 96.92% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 5.77 | ||
| Quick Ratio | 5.04 |
3. Growth
3.1 Past
BESI shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -16.96%.
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.
The Revenue has decreased by -5.75% in the past year.
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)-16.96%
EPS 3Y-12.13%
EPS 5Y16.76%
EPS Q2Q%-45.76%
Revenue 1Y (TTM)-5.75%
Revenue growth 3Y-6.76%
Revenue growth 5Y11.27%
Sales Q2Q%-15.23%
3.2 Future
BESI is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 25.72% yearly.
Based on estimates for the next years, BESI will show a quite strong growth in Revenue. The Revenue will grow by 19.45% on average per year.
EPS Next Y-24.14%
EPS Next 2Y20.06%
EPS Next 3Y28.95%
EPS Next 5Y25.72%
Revenue Next Year-3.71%
Revenue Next 2Y16.18%
Revenue Next 3Y20.72%
Revenue Next 5Y19.45%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 71.02, the valuation of BESI can be described as expensive.
Compared to the rest of the industry, the Price/Earnings ratio of BESI indicates a slightly more expensive valuation: BESI is more expensive than 78.46% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.54, BESI is valued quite expensively.
With a Price/Forward Earnings ratio of 39.84, BESI can be considered very expensive at the moment.
73.85% of the companies in the same industry are cheaper than BESI, based on the Price/Forward Earnings ratio.
BESI's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 23.78.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 71.02 | ||
| Fwd PE | 39.84 |
4.2 Price Multiples
81.54% of the companies in the same industry are cheaper than BESI, based on the Enterprise Value to EBITDA ratio.
The rest of the industry has a similar Price/Free Cash Flow ratio as BESI.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 60.22 | ||
| EV/EBITDA | 58.76 |
4.3 Compensation for Growth
The excellent profitability rating of BESI may justify a higher PE ratio.
A more expensive valuation may be justified as BESI's earnings are expected to grow with 28.95% in the coming years.
PEG (NY)N/A
PEG (5Y)4.24
EPS Next 2Y20.06%
EPS Next 3Y28.95%
5. Dividend
5.1 Amount
BESI has a Yearly Dividend Yield of 1.59%. Purely for dividend investing, there may be better candidates out there.
BESI's Dividend Yield is a higher than the industry average which is at 1.18.
Compared to the average S&P500 Dividend Yield of 2.27, BESI is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.59% |
5.2 History
The dividend of BESI has a limited annual growth rate of 5.60%.
Dividend Growth(5Y)5.6%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
116.89% of the earnings are spent on dividend by BESI. This is not a sustainable payout ratio.
The dividend of BESI is growing, but earnings are growing more, so the dividend growth is sustainable.
DP116.89%
EPS Next 2Y20.06%
EPS Next 3Y28.95%
AMS:BESI (12/12/2025, 5:36:15 PM)
132.1
-4.8 (-3.51%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners72.8%
Inst Owner ChangeN/A
Ins Owners1.84%
Ins Owner ChangeN/A
Market Cap10.72B
Revenue(TTM)578.39M
Net Income(TTM)148.00M
Analysts77.04
Price Target152.29 (15.28%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.59% |
Yearly Dividend2.21
Dividend Growth(5Y)5.6%
DP116.89%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-13.51%
Min EPS beat(2)-18.69%
Max EPS beat(2)-8.32%
EPS beat(4)1
Avg EPS beat(4)-3.39%
Min EPS beat(4)-18.69%
Max EPS beat(4)23.83%
EPS beat(8)4
Avg EPS beat(8)-1.18%
EPS beat(12)8
Avg EPS beat(12)1.76%
EPS beat(16)9
Avg EPS beat(16)0.52%
Revenue beat(2)0
Avg Revenue beat(2)-5.72%
Min Revenue beat(2)-5.94%
Max Revenue beat(2)-5.51%
Revenue beat(4)0
Avg Revenue beat(4)-7.15%
Min Revenue beat(4)-9.3%
Max Revenue beat(4)-5.51%
Revenue beat(8)1
Avg Revenue beat(8)-3.89%
Revenue beat(12)3
Avg Revenue beat(12)-2.91%
Revenue beat(16)4
Avg Revenue beat(16)-2.89%
PT rev (1m)1.5%
PT rev (3m)9.61%
EPS NQ rev (1m)-3.2%
EPS NQ rev (3m)-10.64%
EPS NY rev (1m)-0.95%
EPS NY rev (3m)-5.02%
Revenue NQ rev (1m)-1.06%
Revenue NQ rev (3m)-1.39%
Revenue NY rev (1m)-0.23%
Revenue NY rev (3m)-1.26%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 71.02 | ||
| Fwd PE | 39.84 | ||
| P/S | 18.53 | ||
| P/FCF | 60.22 | ||
| P/OCF | 55.26 | ||
| P/B | 29.7 | ||
| P/tB | 50.81 | ||
| EV/EBITDA | 58.76 |
EPS(TTM)1.86
EY1.41%
EPS(NY)3.32
Fwd EY2.51%
FCF(TTM)2.19
FCFY1.66%
OCF(TTM)2.39
OCFY1.81%
SpS7.13
BVpS4.45
TBVpS2.6
PEG (NY)N/A
PEG (5Y)4.24
Graham Number13.64
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.86% | ||
| ROE | 41% | ||
| ROCE | 18.03% | ||
| ROIC | 13.53% | ||
| ROICexc | 13.53% | ||
| ROICexgc | 16.14% | ||
| OM | 28.87% | ||
| PM (TTM) | 25.59% | ||
| GM | 63.31% | ||
| FCFM | 30.78% |
ROA(3y)18.56%
ROA(5y)18.98%
ROE(3y)38.89%
ROE(5y)39.58%
ROIC(3y)19.01%
ROIC(5y)19.16%
ROICexc(3y)50.76%
ROICexc(5y)56.52%
ROICexgc(3y)83.24%
ROICexgc(5y)93.74%
ROCE(3y)25.36%
ROCE(5y)25.55%
ROICexgc growth 3Y-21.85%
ROICexgc growth 5Y-0.8%
ROICexc growth 3Y-21.57%
ROICexc growth 5Y1.64%
OM growth 3Y-8.69%
OM growth 5Y4.47%
PM growth 3Y-7.37%
PM growth 5Y5.59%
GM growth 3Y3.01%
GM growth 5Y3.15%
F-Score5
Asset Turnover0.54
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.49 | ||
| Debt/FCF | 3.02 | ||
| Debt/EBITDA | 2.71 | ||
| Cap/Depr | 51.23% | ||
| Cap/Sales | 2.77% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 97.87% | ||
| Profit Quality | 120.27% | ||
| Current Ratio | 5.77 | ||
| Quick Ratio | 5.04 | ||
| Altman-Z | N/A |
F-Score5
WACC10.64%
ROIC/WACC1.27
Cap/Depr(3y)32.86%
Cap/Depr(5y)30.21%
Cap/Sales(3y)1.37%
Cap/Sales(5y)1.16%
Profit Quality(3y)109.4%
Profit Quality(5y)108.79%
High Growth Momentum
Growth
EPS 1Y (TTM)-16.96%
EPS 3Y-12.13%
EPS 5Y16.76%
EPS Q2Q%-45.76%
EPS Next Y-24.14%
EPS Next 2Y20.06%
EPS Next 3Y28.95%
EPS Next 5Y25.72%
Revenue 1Y (TTM)-5.75%
Revenue growth 3Y-6.76%
Revenue growth 5Y11.27%
Sales Q2Q%-15.23%
Revenue Next Year-3.71%
Revenue Next 2Y16.18%
Revenue Next 3Y20.72%
Revenue Next 5Y19.45%
EBIT growth 1Y-20.79%
EBIT growth 3Y-14.86%
EBIT growth 5Y16.25%
EBIT Next Year-1.95%
EBIT Next 3Y34.14%
EBIT Next 5Y27.98%
FCF growth 1Y-24.03%
FCF growth 3Y-11.48%
FCF growth 5Y9.95%
OCF growth 1Y-19.8%
OCF growth 3Y-10.23%
OCF growth 5Y10.85%
BE SEMICONDUCTOR INDUSTRIES / BESI.AS FAQ
Can you provide the ChartMill fundamental rating for BE SEMICONDUCTOR INDUSTRIES?
ChartMill assigns a fundamental rating of 5 / 10 to BESI.AS.
Can you provide the valuation status for BE SEMICONDUCTOR INDUSTRIES?
ChartMill assigns a valuation rating of 2 / 10 to BE SEMICONDUCTOR INDUSTRIES (BESI.AS). This can be considered as Overvalued.
How profitable is BE SEMICONDUCTOR INDUSTRIES (BESI.AS) stock?
BE SEMICONDUCTOR INDUSTRIES (BESI.AS) has a profitability rating of 8 / 10.
What is the valuation of BE SEMICONDUCTOR INDUSTRIES based on its PE and PB ratios?
The Price/Earnings (PE) ratio for BE SEMICONDUCTOR INDUSTRIES (BESI.AS) is 71.02 and the Price/Book (PB) ratio is 29.7.
Is the dividend of BE SEMICONDUCTOR INDUSTRIES sustainable?
The dividend rating of BE SEMICONDUCTOR INDUSTRIES (BESI.AS) is 3 / 10 and the dividend payout ratio is 116.89%.