BE SEMICONDUCTOR INDUSTRIES (BESI.AS) Stock Fundamental Analysis
AMS:BESI - NL0012866412 - Common Stock
115.1 EUR
-4.65 (-3.88%)
We assign a fundamental rating of 6 out of 10 to BESI. BESI was compared to 60 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 valued quite expensively, but it does show have an excellent growth rating. This makes BESI very considerable for growth investing!
1. Profitability
1.1 Basic Checks
In the past year BESI was profitable.
In the past year BESI had a positive cash flow from operations.
In the past 5 years BESI has always been profitable.
In the past 5 years BESI always reported a positive cash flow from operatings.
1.2 Ratios
BESI has a better Return On Assets (13.74%) than 77.59% of its industry peers.
Looking at the Return On Equity, with a value of 33.84%, BESI belongs to the top of the industry, outperforming 82.76% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 13.23%, BESI is in the better half of the industry, outperforming 70.69% 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 significantly above the industry average of 13.83%.
The last Return On Invested Capital (13.23%) for BESI is well below the 3 year average (19.02%), which needs to be investigated, but indicates that BESI had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.74% | ||
| 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
BESI has a better Profit Margin (28.17%) than 84.48% of its industry peers.
In the last couple of years the Profit Margin of BESI has grown nicely.
BESI has a Operating Margin of 31.28%. This is amongst the best in the industry. BESI outperforms 81.03% of its industry peers.
In the last couple of years the Operating Margin of BESI has grown nicely.
BESI has a better Gross Margin (63.90%) than 87.93% 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
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.
Compared to 5 years ago, BESI has more shares outstanding
Compared to 1 year ago, BESI has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 9.75 indicates that BESI is not in any danger for bankruptcy at the moment.
The Altman-Z score of BESI (9.75) is better than 82.76% 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's Debt to FCF ratio of 2.87 is in line compared to the rest of the industry. BESI outperforms 56.90% 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.
Looking at the Debt to Equity ratio, with a value of 1.07, BESI is doing worse than 87.93% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.07 | ||
| Debt/FCF | 2.87 | ||
| Altman-Z | 9.75 |
ROIC/WACC1.31
WACC10.12%
2.3 Liquidity
A Current Ratio of 5.98 indicates that BESI has no problem at all paying its short term obligations.
BESI has a Current ratio of 5.98. This is amongst the best in the industry. BESI outperforms 98.28% of its industry peers.
A Quick Ratio of 5.36 indicates that BESI has no problem at all paying its short term obligations.
BESI has a Quick ratio of 5.36. This is amongst the best in the industry. BESI outperforms 98.28% 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.
The Earnings Per Share has been growing by 16.76% on average over the past years. This is quite good.
Looking at the last year, BESI shows a small growth in Revenue. The Revenue has grown by 3.75% in the last year.
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)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-2.48%
Revenue Next 2Y17.88%
Revenue Next 3Y20.17%
Revenue Next 5Y19.62%
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.
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
The Price/Earnings ratio is 54.04, which means the current valuation is very expensive for BESI.
81.03% 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 27.13. BESI is valued rather expensively when compared to this.
Based on the Price/Forward Earnings ratio of 33.24, the valuation of BESI can be described as expensive.
Based on the Price/Forward Earnings ratio, BESI is valued a bit more expensive than the industry average as 68.97% of the companies are valued more cheaply.
The average S&P500 Price/Forward Earnings ratio is at 22.76. BESI is valued slightly more expensive when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 54.04 | ||
| Fwd PE | 33.24 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BESI is valued a bit more expensive than 74.14% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, BESI is valued a bit cheaper than 60.34% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 49.24 | ||
| EV/EBITDA | 39.45 |
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 29.35% in the coming years.
PEG (NY)N/A
PEG (5Y)3.22
EPS Next 2Y22.7%
EPS Next 3Y29.35%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.82%, BESI has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 1.29, BESI pays a better dividend. On top of this BESI pays more dividend than 87.93% of the companies listed in the same industry.
Compared to the average S&P500 Dividend Yield of 2.32, BESI is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.82% |
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 (8/29/2025, 7:00:00 PM)
115.1
-4.65 (-3.88%)
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 Cap9.34B
Analysts77.04
Price Target138.94 (20.71%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.82% |
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)1.16%
PT rev (3m)7.1%
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)-2.15%
Revenue NQ rev (3m)-31.45%
Revenue NY rev (1m)-1.09%
Revenue NY rev (3m)-6.49%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 54.04 | ||
| Fwd PE | 33.24 | ||
| P/S | 15.51 | ||
| P/FCF | 49.24 | ||
| P/OCF | 45.27 | ||
| P/B | 18.63 | ||
| P/tB | 26.05 | ||
| EV/EBITDA | 39.45 |
EPS(TTM)2.13
EY1.85%
EPS(NY)3.46
Fwd EY3.01%
FCF(TTM)2.34
FCFY2.03%
OCF(TTM)2.54
OCFY2.21%
SpS7.42
BVpS6.18
TBVpS4.42
PEG (NY)N/A
PEG (5Y)3.22
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 | 9.75 |
F-Score5
WACC10.12%
ROIC/WACC1.31
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-2.48%
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%