BE SEMICONDUCTOR INDUSTRIES (BESI.AS) Stock Fundamental Analysis
Europe - Euronext Amsterdam - AMS:BESI - NL0012866412 - Common Stock
122.8 EUR
-7.25 (-5.57%)
We assign a fundamental rating of 6 out of 10 to BESI. BESI was compared to 63 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 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.
Each year in the past 5 years BESI had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 13.86%, BESI is in the better half of the industry, outperforming 79.37% of the companies in the same industry.
With an excellent Return On Equity value of 41.00%, BESI belongs to the best of the industry, outperforming 87.30% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 13.53%, BESI is in the better half of the industry, outperforming 69.84% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for BESI is above the industry average of 14.81%.
The last Return On Invested Capital (13.53%) for BESI is well below the 3 year average (19.01%), which needs to be investigated, but indicates that BESI had better years and this may not be a problem.
| 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
With an excellent Profit Margin value of 25.59%, BESI belongs to the best of the industry, outperforming 80.95% of the companies in the same industry.
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 74.60% of the companies in the same industry.
In the last couple of years the Operating Margin of BESI has grown nicely.
BESI has a Gross Margin of 63.31%. This is amongst the best in the industry. BESI outperforms 88.89% 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
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so 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.
Compared to 1 year ago, BESI has a worse debt to assets ratio.
2.2 Solvency
BESI has a debt to FCF ratio of 3.02. This is a good value and a sign of high solvency as BESI would need 3.02 years to pay back of all of its debts.
The Debt to FCF ratio of BESI (3.02) is comparable to the rest of the industry.
A Debt/Equity ratio of 1.49 is on the high side and indicates that BESI has dependencies on debt financing.
The Debt to Equity ratio of BESI (1.49) is worse than 92.06% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.49 | ||
| Debt/FCF | 3.02 | ||
| Altman-Z | N/A |
ROIC/WACC1.41
WACC9.62%
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 Current ratio of 5.77. This is amongst the best in the industry. BESI outperforms 98.41% of its industry peers.
A Quick Ratio of 5.04 indicates that BESI has no problem at all paying its short term obligations.
The Quick ratio of BESI (5.04) is better than 98.41% 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%.
The Earnings Per Share has been growing by 16.76% on average over the past years. This is quite good.
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
Based on estimates for the next years, BESI will show a very strong growth in Earnings Per Share. The EPS will grow by 25.72% on average per year.
BESI is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 19.45% yearly.
EPS Next Y-23.42%
EPS Next 2Y20.08%
EPS Next 3Y28.32%
EPS Next 5Y25.72%
Revenue Next Year-3.49%
Revenue Next 2Y16.17%
Revenue Next 3Y20.36%
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
With a Price/Earnings ratio of 66.02, BESI can be considered very expensive at the moment.
Based on the Price/Earnings ratio, BESI is valued a bit more expensive than the industry average as 79.37% of the companies are valued more cheaply.
BESI is valuated expensively when we compare the Price/Earnings ratio to 25.45, which is the current average of the S&P500 Index.
BESI is valuated quite expensively with a Price/Forward Earnings ratio of 37.03.
BESI's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. BESI is more expensive than 69.84% of the companies in the same industry.
BESI is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 34.46, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 66.02 | ||
| Fwd PE | 37.03 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BESI is valued more expensive than 82.54% of the companies in the same industry.
The rest of the industry has a similar Price/Free Cash Flow ratio as BESI.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 55.98 | ||
| EV/EBITDA | 55.95 |
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 28.32% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)3.94
EPS Next 2Y20.08%
EPS Next 3Y28.32%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.63%, BESI has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 1.21, BESI pays a better dividend. On top of this BESI pays more dividend than 82.54% of the companies listed in the same industry.
BESI's Dividend Yield is slightly below the S&P500 average, which is at 2.42.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.63% |
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 2Y20.08%
EPS Next 3Y28.32%
AMS:BESI (11/21/2025, 7:00:00 PM)
122.8
-7.25 (-5.57%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners72.33%
Inst Owner ChangeN/A
Ins Owners1.84%
Ins Owner ChangeN/A
Market Cap9.97B
Revenue(TTM)578.39M
Net Income(TTM)148.00M
Analysts77.04
Price Target150.04 (22.18%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.63% |
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)5.27%
PT rev (3m)8.84%
EPS NQ rev (1m)-7.68%
EPS NQ rev (3m)-10.65%
EPS NY rev (1m)0.64%
EPS NY rev (3m)-36.46%
Revenue NQ rev (1m)-0.33%
Revenue NQ rev (3m)-1.14%
Revenue NY rev (1m)-0.99%
Revenue NY rev (3m)-2.12%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 66.02 | ||
| Fwd PE | 37.03 | ||
| P/S | 17.23 | ||
| P/FCF | 55.98 | ||
| P/OCF | 51.37 | ||
| P/B | 27.6 | ||
| P/tB | 47.23 | ||
| EV/EBITDA | 55.95 |
EPS(TTM)1.86
EY1.51%
EPS(NY)3.32
Fwd EY2.7%
FCF(TTM)2.19
FCFY1.79%
OCF(TTM)2.39
OCFY1.95%
SpS7.13
BVpS4.45
TBVpS2.6
PEG (NY)N/A
PEG (5Y)3.94
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
WACC9.62%
ROIC/WACC1.41
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-23.42%
EPS Next 2Y20.08%
EPS Next 3Y28.32%
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-3.49%
Revenue Next 2Y16.17%
Revenue Next 3Y20.36%
Revenue Next 5Y19.45%
EBIT growth 1Y-20.79%
EBIT growth 3Y-14.86%
EBIT growth 5Y16.25%
EBIT Next Year-3.96%
EBIT Next 3Y33.27%
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 6 / 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 9 / 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 66.02 and the Price/Book (PB) ratio is 27.6.
Is the dividend of BE SEMICONDUCTOR INDUSTRIES sustainable?
The dividend rating of BE SEMICONDUCTOR INDUSTRIES (BESI.AS) is 4 / 10 and the dividend payout ratio is 116.89%.