BE SEMICONDUCTOR INDUSTRIES (BESI.AS) Stock Fundamental Analysis

AMS:BESI • NL0012866412

176.2 EUR
+7.5 (+4.45%)
Last: Feb 13, 2026, 05:36 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to BESI. BESI was compared to 69 industry peers in the Semiconductors & Semiconductor Equipment industry. BESI scores excellent on profitability, but there are some minor concerns on its financial health. BESI is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

8

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.
BESI.AS Yearly Net Income VS EBIT VS OCF VS FCFBESI.AS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M

1.2 Ratios

  • The Return On Assets of BESI (13.84%) is better than 72.46% of its industry peers.
  • With an excellent Return On Equity value of 40.95%, BESI belongs to the best of the industry, outperforming 85.51% of the companies in the same industry.
  • With a decent Return On Invested Capital value of 13.59%, BESI is doing good in the industry, outperforming 66.67% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for BESI is above the industry average of 14.30%.
  • The 3 year average ROIC (19.02%) for BESI is well above the current ROIC(13.59%). The reason for the recent decline needs to be investigated.
Industry RankSector Rank
ROA 13.84%
ROE 40.95%
ROIC 13.59%
ROA(3y)18.56%
ROA(5y)18.98%
ROE(3y)38.87%
ROE(5y)39.57%
ROIC(3y)19.02%
ROIC(5y)19.17%
BESI.AS Yearly ROA, ROE, ROICBESI.AS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40

1.3 Margins

  • BESI has a Profit Margin of 25.56%. This is in the better half of the industry: BESI outperforms 73.91% of its industry peers.
  • In the last couple of years the Profit Margin of BESI has grown nicely.
  • The Operating Margin of BESI (29.02%) is better than 68.12% of its industry peers.
  • In the last couple of years the Operating Margin of BESI has grown nicely.
  • The Gross Margin of BESI (63.31%) is better than 85.51% of its industry peers.
  • In the last couple of years the Gross Margin of BESI has grown nicely.
Industry RankSector Rank
OM 29.02%
PM (TTM) 25.56%
GM 63.31%
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%
BESI.AS Yearly Profit, Operating, Gross MarginsBESI.AS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60

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ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so BESI is still creating some 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.
  • BESI has a worse debt/assets ratio than last year.
BESI.AS Yearly Shares OutstandingBESI.AS Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M
BESI.AS Yearly Total Debt VS Total AssetsBESI.AS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

2.2 Solvency

  • The Debt to FCF ratio of BESI is 3.01, which is a good value as it means it would take BESI, 3.01 years of fcf income to pay off all of its debts.
  • BESI's Debt to FCF ratio of 3.01 is in line compared to the rest of the industry. BESI outperforms 46.38% of its industry peers.
  • BESI has a Debt/Equity ratio of 1.49. This is a high value indicating a heavy dependency on external financing.
  • With a Debt to Equity ratio value of 1.49, BESI is not doing good in the industry: 95.65% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 1.49
Debt/FCF 3.01
Altman-Z N/A
ROIC/WACC1.26
WACC10.81%
BESI.AS Yearly LT Debt VS Equity VS FCFBESI.AS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

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's Current ratio of 5.77 is amongst the best of the industry. BESI outperforms 95.65% 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 has a Quick ratio of 5.04. This is amongst the best in the industry. BESI outperforms 95.65% of its industry peers.
Industry RankSector Rank
Current Ratio 5.77
Quick Ratio 5.04
BESI.AS Yearly Current Assets VS Current LiabilitesBESI.AS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

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%.
  • BESI shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 16.76% yearly.
  • BESI shows a decrease in Revenue. In the last year, the revenue decreased by -5.75%.
  • Measured over the past years, BESI shows a quite strong growth in Revenue. The Revenue has been growing by 11.27% on average per year.
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

  • Based on estimates for the next years, BESI will show a very strong growth in Earnings Per Share. The EPS will grow by 25.36% on average per year.
  • The Revenue is expected to grow by 19.35% on average over the next years. This is quite good.
EPS Next Y-25.61%
EPS Next 2Y20.87%
EPS Next 3Y29.4%
EPS Next 5Y25.36%
Revenue Next Year-4.4%
Revenue Next 2Y16.17%
Revenue Next 3Y20.76%
Revenue Next 5Y19.35%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • 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.
BESI.AS Yearly Revenue VS EstimatesBESI.AS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 500M 1B 1.5B 2B
BESI.AS Yearly EPS VS EstimatesBESI.AS Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2 4 6 8

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Find the best growth stocksShow best growing peers

1

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 94.73, the valuation of BESI can be described as expensive.
  • Based on the Price/Earnings ratio, BESI is valued expensively inside the industry as 84.06% of the companies are valued cheaper.
  • When comparing the Price/Earnings ratio of BESI to the average of the S&P500 Index (27.67), we can say BESI is valued expensively.
  • The Price/Forward Earnings ratio is 52.44, which means the current valuation is very expensive for BESI.
  • BESI's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. BESI is more expensive than 76.81% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of BESI to the average of the S&P500 Index (27.69), we can say BESI is valued expensively.
Industry RankSector Rank
PE 94.73
Fwd PE 52.44
BESI.AS Price Earnings VS Forward Price EarningsBESI.AS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, BESI is valued more expensive than 88.41% of the companies in the same industry.
  • BESI's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. BESI is more expensive than 60.87% of the companies in the same industry.
Industry RankSector Rank
P/FCF 80.07
EV/EBITDA 71.54
BESI.AS Per share dataBESI.AS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6

4.3 Compensation for Growth

  • BESI has an outstanding profitability rating, which may justify a higher PE ratio.
  • A more expensive valuation may be justified as BESI's earnings are expected to grow with 29.40% in the coming years.
PEG (NY)N/A
PEG (5Y)5.65
EPS Next 2Y20.87%
EPS Next 3Y29.4%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

3

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 1.36%, BESI has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 0.82, BESI pays a bit more dividend than its industry peers.
  • BESI's Dividend Yield is slightly below the S&P500 average, which is at 1.80.
Industry RankSector Rank
Dividend Yield 1.36%

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
BESI.AS Yearly Dividends per shareBESI.AS Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 1 2 3

5.3 Sustainability

  • BESI pays out 116.89% 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.
DP116.89%
EPS Next 2Y20.87%
EPS Next 3Y29.4%
BESI.AS Yearly Income VS Free CF VS DividendBESI.AS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M
BESI.AS Dividend Payout.BESI.AS Dividend Payout, showing the Payout Ratio.BESI.AS Dividend Payout.PayoutRetained Earnings

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BE SEMICONDUCTOR INDUSTRIES

AMS:BESI (2/13/2026, 5:36:15 PM)

176.2

+7.5 (+4.45%)

Chartmill FA Rating
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)10-23
Earnings (Next)02-19
Inst Owners70.23%
Inst Owner ChangeN/A
Ins Owners1.84%
Ins Owner ChangeN/A
Market Cap14.30B
Revenue(TTM)578.39M
Net Income(TTM)147.84M
Analysts77.04
Price Target171.21 (-2.83%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.36%
Yearly Dividend2.19
Dividend Growth(5Y)5.49%
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)12.42%
PT rev (3m)14.11%
EPS NQ rev (1m)5.96%
EPS NQ rev (3m)-6.03%
EPS NY rev (1m)0.64%
EPS NY rev (3m)-2.24%
Revenue NQ rev (1m)0.72%
Revenue NQ rev (3m)-3.88%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.92%
Valuation
Industry RankSector Rank
PE 94.73
Fwd PE 52.44
P/S 24.72
P/FCF 80.07
P/OCF 73.63
P/B 39.61
P/tB 67.77
EV/EBITDA 71.54
EPS(TTM)1.86
EY1.06%
EPS(NY)3.36
Fwd EY1.91%
FCF(TTM)2.2
FCFY1.25%
OCF(TTM)2.39
OCFY1.36%
SpS7.13
BVpS4.45
TBVpS2.6
PEG (NY)N/A
PEG (5Y)5.65
Graham Number13.64
Profitability
Industry RankSector Rank
ROA 13.84%
ROE 40.95%
ROCE 18.13%
ROIC 13.59%
ROICexc 13.59%
ROICexgc 16.22%
OM 29.02%
PM (TTM) 25.56%
GM 63.31%
FCFM 30.87%
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%
ROICexgc growth 3Y-21.99%
ROICexgc 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 Turnover0.54
Health
Industry RankSector Rank
Debt/Equity 1.49
Debt/FCF 3.01
Debt/EBITDA 2.7
Cap/Depr 50.32%
Cap/Sales 2.7%
Interest Coverage 250
Cash Conversion 97.64%
Profit Quality 120.79%
Current Ratio 5.77
Quick Ratio 5.04
Altman-Z N/A
F-Score5
WACC10.81%
ROIC/WACC1.26
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)-16.96%
EPS 3Y-12.13%
EPS 5Y16.76%
EPS Q2Q%-45.76%
EPS Next Y-25.61%
EPS Next 2Y20.87%
EPS Next 3Y29.4%
EPS Next 5Y25.36%
Revenue 1Y (TTM)-5.75%
Revenue growth 3Y-6.76%
Revenue growth 5Y11.27%
Sales Q2Q%-15.23%
Revenue Next Year-4.4%
Revenue Next 2Y16.17%
Revenue Next 3Y20.76%
Revenue Next 5Y19.35%
EBIT growth 1Y-20.39%
EBIT growth 3Y-14.92%
EBIT growth 5Y16.2%
EBIT Next Year-3.51%
EBIT Next 3Y34.14%
EBIT Next 5Y27.61%
FCF growth 1Y-23.79%
FCF growth 3Y-11.48%
FCF growth 5Y9.96%
OCF growth 1Y-19.72%
OCF growth 3Y-10.22%
OCF growth 5Y10.86%

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.


What is the valuation status of BE SEMICONDUCTOR INDUSTRIES (BESI.AS) stock?

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 financial health of BE SEMICONDUCTOR INDUSTRIES (BESI.AS) stock?

The financial health rating of BE SEMICONDUCTOR INDUSTRIES (BESI.AS) is 4 / 10.


Can you provide the dividend sustainability for BESI stock?

The dividend rating of BE SEMICONDUCTOR INDUSTRIES (BESI.AS) is 3 / 10 and the dividend payout ratio is 116.89%.