BE SEMICONDUCTOR INDUSTRIES (BESI.AS) Stock Fundamental Analysis
AMS:BESI - Euronext Amsterdam - NL0012866412 - Common Stock - Currency: EUR
Overall BESI gets a fundamental rating of 6 out of 10. We evaluated BESI against 52 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 shows excellent growth, but is valued quite expensive already. These ratings could make BESI a good candidate for growth investing.
1. Profitability
1.1 Basic Checks
In the past year BESI was profitable.
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
BESI's Return On Assets of 14.74% is fine compared to the rest of the industry. BESI outperforms 76.92% of its industry peers.
Looking at the Return On Equity, with a value of 36.31%, BESI belongs to the top of the industry, outperforming 84.62% of the companies in the same industry.
The Return On Invested Capital of BESI (13.73%) is better than 67.31% of its industry peers.
The Average Return On Invested Capital over the past 3 years for BESI is above the industry average of 15.85%.
The 3 year average ROIC (19.02%) for BESI is well above the current ROIC(13.73%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 14.74% | ||
| ROE | 36.31% | ||
| ROIC | 13.73% |
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
With an excellent Profit Margin value of 29.96%, BESI belongs to the best of the industry, outperforming 90.38% of the companies in the same industry.
In the last couple of years the Profit Margin of BESI has grown nicely.
The Operating Margin of BESI (32.20%) is better than 84.62% of its industry peers.
BESI's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 65.18%, BESI belongs to the top of the industry, outperforming 90.38% of the companies in the same industry.
In the last couple of years the Gross Margin of BESI has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 32.2% | ||
| PM (TTM) | 29.96% | ||
| GM | 65.18% |
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.
The number of shares outstanding for BESI has been increased compared to 1 year ago.
BESI has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, BESI has a worse debt to assets ratio.
2.2 Solvency
BESI has an Altman-Z score of 8.78. This indicates that BESI is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of BESI (8.78) is better than 80.77% of its industry peers.
The Debt to FCF ratio of BESI is 2.88, which is a good value as it means it would take BESI, 2.88 years of fcf income to pay off all of its debts.
BESI has a Debt to FCF ratio of 2.88. This is comparable to the rest of the industry: BESI outperforms 55.77% of its industry peers.
A Debt/Equity ratio of 1.07 is on the high side and indicates that BESI has dependencies on debt financing.
With a Debt to Equity ratio value of 1.07, BESI is not doing good in the industry: 90.38% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.07 | ||
| Debt/FCF | 2.88 | ||
| Altman-Z | 8.78 |
ROIC/WACC1.33
WACC10.3%
2.3 Liquidity
A Current Ratio of 5.98 indicates that BESI has no problem at all paying its short term obligations.
BESI's Current ratio of 5.98 is amongst the best of the industry. BESI outperforms 98.08% of its industry peers.
A Quick Ratio of 5.36 indicates that BESI has no problem at all paying its short term obligations.
The Quick ratio of BESI (5.36) is better than 98.08% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 5.98 | ||
| Quick Ratio | 5.36 |
3. Growth
3.1 Past
BESI shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -0.09%.
The Earnings Per Share has been growing by 16.76% on average over the past years. This is quite good.
BESI shows a small growth in Revenue. In the last year, the Revenue has grown by 2.29%.
The Revenue has been growing by 11.27% on average over the past years. This is quite good.
EPS 1Y (TTM)-0.09%
EPS 3Y-12.13%
EPS 5Y16.76%
EPS Q2Q%-16.38%
Revenue 1Y (TTM)2.29%
Revenue growth 3Y-6.76%
Revenue growth 5Y11.27%
Sales Q2Q%-9.24%
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 25.05% on average per year.
The Revenue is expected to grow by 21.18% on average over the next years. This is a very strong growth
EPS Next Y20.53%
EPS Next 2Y38%
EPS Next 3Y32.81%
EPS Next 5Y25.05%
Revenue Next Year14.93%
Revenue Next 2Y24.57%
Revenue Next 3Y22.69%
Revenue Next 5Y21.18%
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 44.32 indicates a quite expensive valuation of BESI.
BESI's Price/Earnings ratio is a bit more expensive when compared to the industry. BESI is more expensive than 76.92% of the companies in the same industry.
When comparing the Price/Earnings ratio of BESI to the average of the S&P500 Index (28.10), we can say BESI is valued expensively.
A Price/Forward Earnings ratio of 22.57 indicates a rather expensive valuation of BESI.
Based on the Price/Forward Earnings ratio, BESI is valued a bit more expensive than the industry average as 67.31% of the companies are valued more cheaply.
BESI's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 20.74.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 44.32 | ||
| Fwd PE | 22.57 |
4.2 Price Multiples
82.69% of the companies in the same industry are cheaper than BESI, based on the Enterprise Value to EBITDA ratio.
BESI's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 42.43 | ||
| EV/EBITDA | 32.92 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates BESI does not grow enough to justify the current Price/Earnings ratio.
BESI has an outstanding profitability rating, which may justify a higher PE ratio.
BESI's earnings are expected to grow with 32.80% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.16
PEG (5Y)2.64
EPS Next 2Y38%
EPS Next 3Y32.81%
5. Dividend
5.1 Amount
BESI has a Yearly Dividend Yield of 2.31%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 1.48, BESI pays a better dividend. On top of this BESI pays more dividend than 90.38% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.43, BESI has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.31% |
5.2 History
The dividend of BESI has a limited annual growth rate of 5.49%.
Dividend Growth(5Y)5.49%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
BESI pays out 94.25% 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.
DP94.25%
EPS Next 2Y38%
EPS Next 3Y32.81%
AMS:BESI (5/6/2025, 5:36:15 PM)
98.84
-1.26 (-1.26%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners71.84%
Inst Owner ChangeN/A
Ins Owners1.66%
Ins Owner ChangeN/A
Market Cap8.02B
Analysts77.78
Price Target137.03 (38.64%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.31% |
Yearly Dividend2.19
Dividend Growth(5Y)5.49%
DP94.25%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)13.6%
Min EPS beat(2)3.37%
Max EPS beat(2)23.83%
EPS beat(4)3
Avg EPS beat(4)4.05%
Min EPS beat(4)-11.94%
Max EPS beat(4)23.83%
EPS beat(8)7
Avg EPS beat(8)6.87%
EPS beat(12)9
Avg EPS beat(12)4%
EPS beat(16)10
Avg EPS beat(16)3.41%
Revenue beat(2)0
Avg Revenue beat(2)-4.11%
Min Revenue beat(2)-7.83%
Max Revenue beat(2)-0.38%
Revenue beat(4)0
Avg Revenue beat(4)-3.85%
Min Revenue beat(4)-7.83%
Max Revenue beat(4)-0.38%
Revenue beat(8)2
Avg Revenue beat(8)-1.91%
Revenue beat(12)4
Avg Revenue beat(12)-1.74%
Revenue beat(16)5
Avg Revenue beat(16)-1.53%
PT rev (1m)-5.3%
PT rev (3m)-8.66%
EPS NQ rev (1m)-6.35%
EPS NQ rev (3m)-27.91%
EPS NY rev (1m)-4.15%
EPS NY rev (3m)-24.11%
Revenue NQ rev (1m)-2.69%
Revenue NQ rev (3m)-8.5%
Revenue NY rev (1m)-4.4%
Revenue NY rev (3m)-16.79%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 44.32 | ||
| Fwd PE | 22.57 | ||
| P/S | 13.2 | ||
| P/FCF | 42.43 | ||
| P/OCF | 39.89 | ||
| P/B | 16 | ||
| P/tB | 22.37 | ||
| EV/EBITDA | 32.92 |
EPS(TTM)2.23
EY2.26%
EPS(NY)4.38
Fwd EY4.43%
FCF(TTM)2.33
FCFY2.36%
OCF(TTM)2.48
OCFY2.51%
SpS7.49
BVpS6.18
TBVpS4.42
PEG (NY)2.16
PEG (5Y)2.64
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 14.74% | ||
| ROE | 36.31% | ||
| ROCE | 18.32% | ||
| ROIC | 13.73% | ||
| ROICexc | 37.05% | ||
| ROICexgc | 57.92% | ||
| OM | 32.2% | ||
| PM (TTM) | 29.96% | ||
| GM | 65.18% | ||
| FCFM | 31.12% |
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-Score6
Asset Turnover0.49
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.07 | ||
| Debt/FCF | 2.88 | ||
| Debt/EBITDA | 2.4 | ||
| Cap/Depr | 42.09% | ||
| Cap/Sales | 1.98% | ||
| Interest Coverage | 45.9 | ||
| Cash Conversion | 89.69% | ||
| Profit Quality | 103.88% | ||
| Current Ratio | 5.98 | ||
| Quick Ratio | 5.36 | ||
| Altman-Z | 8.78 |
F-Score6
WACC10.3%
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)-0.09%
EPS 3Y-12.13%
EPS 5Y16.76%
EPS Q2Q%-16.38%
EPS Next Y20.53%
EPS Next 2Y38%
EPS Next 3Y32.81%
EPS Next 5Y25.05%
Revenue 1Y (TTM)2.29%
Revenue growth 3Y-6.76%
Revenue growth 5Y11.27%
Sales Q2Q%-9.24%
Revenue Next Year14.93%
Revenue Next 2Y24.57%
Revenue Next 3Y22.69%
Revenue Next 5Y21.18%
EBIT growth 1Y-8.34%
EBIT growth 3Y-14.92%
EBIT growth 5Y16.2%
EBIT Next Year44.41%
EBIT Next 3Y39.28%
EBIT Next 5Y28.1%
FCF growth 1Y-6.26%
FCF growth 3Y-11.48%
FCF growth 5Y9.96%
OCF growth 1Y-3.59%
OCF growth 3Y-10.22%
OCF growth 5Y10.86%