BE SEMICONDUCTOR INDUSTRIES (BESI.AS) Stock Fundamental Analysis
AMS:BESI - Euronext Amsterdam - NL0012866412 - Common Stock - Currency: EUR
We assign a fundamental rating of 7 out of 10 to BESI. BESI was compared to 51 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 valued quite expensive, but it does show an excellent growth. This makes BESI very considerable 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.
Each year in the past 5 years BESI has been profitable.
BESI had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of BESI (14.74%) is better than 76.47% 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 82.35% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 13.73%, BESI is in the better half of 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 15.59%.
The last Return On Invested Capital (13.73%) 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 | 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 92.16% of the companies in the same industry.
BESI's Profit Margin has improved in the last couple of years.
BESI has a better Operating Margin (32.20%) than 84.31% of its industry peers.
In the last couple of years the Operating Margin of BESI has grown nicely.
The Gross Margin of BESI (65.18%) is better than 92.16% of its industry peers.
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.
BESI has more shares outstanding than it did 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
An Altman-Z score of 9.47 indicates that BESI is not in any danger for bankruptcy at the moment.
BESI has a better Altman-Z score (9.47) than 84.31% of its industry peers.
BESI has a debt to FCF ratio of 2.88. This is a good value and a sign of high solvency as BESI would need 2.88 years to pay back of all of its debts.
BESI has a Debt to FCF ratio (2.88) which is in line with its industry peers.
BESI has a Debt/Equity ratio of 1.07. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 1.07, BESI is doing worse than 88.24% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.07 | ||
| Debt/FCF | 2.88 | ||
| Altman-Z | 9.47 |
ROIC/WACC1.35
WACC10.16%
2.3 Liquidity
BESI has a Current Ratio of 5.98. This indicates that BESI is financially healthy and has no problem in meeting its short term obligations.
With an excellent Current ratio value of 5.98, BESI belongs to the best of the industry, outperforming 98.04% of the companies in the same industry.
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 98.04% 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 1.35% over the past year.
BESI shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 16.76% yearly.
Looking at the last year, BESI shows a small growth in Revenue. The Revenue has grown by 2.29% 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)1.35%
EPS 3Y-12.13%
EPS 5Y16.76%
EPS Q2Q%-9.09%
Revenue 1Y (TTM)2.29%
Revenue growth 3Y-6.76%
Revenue growth 5Y11.27%
Sales Q2Q%-1.48%
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.
BESI is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 21.18% yearly.
EPS Next Y20.53%
EPS Next 2Y38%
EPS Next 3Y32.81%
EPS Next 5Y25.05%
Revenue Next Year4.29%
Revenue Next 2Y20.08%
Revenue Next 3Y20.43%
Revenue Next 5Y21.18%
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.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 47.15, which means the current valuation is very expensive for BESI.
BESI's Price/Earnings ratio is rather expensive when compared to the industry. BESI is more expensive than 80.39% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 26.25. BESI is valued rather expensively when compared to this.
BESI is valuated rather expensively with a Price/Forward Earnings ratio of 24.33.
Based on the Price/Forward Earnings ratio, BESI is valued a bit more expensive than 68.63% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.15, BESI is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 47.15 | ||
| Fwd PE | 24.33 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BESI indicates a slightly more expensive valuation: BESI is more expensive than 76.47% of the companies listed in the same industry.
BESI's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. BESI is cheaper than 60.78% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 45.74 | ||
| EV/EBITDA | 36.69 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
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 32.80% in the coming years.
PEG (NY)2.3
PEG (5Y)2.81
EPS Next 2Y38%
EPS Next 3Y32.81%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.00%, BESI has a reasonable but not impressive dividend return.
BESI's Dividend Yield is rather good when compared to the industry average which is at 1.40. BESI pays more dividend than 86.27% of the companies in the same industry.
BESI's Dividend Yield is comparable with the S&P500 average which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2% |
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 (5/30/2025, 7:00:00 PM)
106.55
-3.95 (-3.57%)
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 Cap8.65B
Analysts77.78
Price Target129.72 (21.75%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2% |
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)-10.35%
PT rev (3m)-13%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-27.91%
EPS NY rev (1m)0%
EPS NY rev (3m)-20.28%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-8.5%
Revenue NY rev (1m)-9.25%
Revenue NY rev (3m)-20.6%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 47.15 | ||
| Fwd PE | 24.33 | ||
| P/S | 14.23 | ||
| P/FCF | 45.74 | ||
| P/OCF | 43 | ||
| P/B | 17.25 | ||
| P/tB | 24.11 | ||
| EV/EBITDA | 36.69 |
EPS(TTM)2.26
EY2.12%
EPS(NY)4.38
Fwd EY4.11%
FCF(TTM)2.33
FCFY2.19%
OCF(TTM)2.48
OCFY2.33%
SpS7.49
BVpS6.18
TBVpS4.42
PEG (NY)2.3
PEG (5Y)2.81
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 | 9.47 |
F-Score6
WACC10.16%
ROIC/WACC1.35
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)1.35%
EPS 3Y-12.13%
EPS 5Y16.76%
EPS Q2Q%-9.09%
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%-1.48%
Revenue Next Year4.29%
Revenue Next 2Y20.08%
Revenue Next 3Y20.43%
Revenue Next 5Y21.18%
EBIT growth 1Y-8.34%
EBIT growth 3Y-14.92%
EBIT growth 5Y16.2%
EBIT Next Year15.49%
EBIT Next 3Y33.42%
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%