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 57 industry peers in the Semiconductors & Semiconductor Equipment industry. While BESI belongs to the best of the industry regarding profitability, 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
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.
BESI had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
BESI has a better Return On Assets (14.74%) than 75.44% of its industry peers.
BESI has a Return On Equity of 36.31%. This is amongst the best in the industry. BESI outperforms 84.21% of its industry peers.
Looking at the Return On Invested Capital, with a value of 13.73%, BESI is in the better half of the industry, outperforming 68.42% 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 15.10%.
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 91.23% of the companies in the same industry.
BESI's Profit Margin has improved in the last couple of years.
With an excellent Operating Margin value of 32.20%, BESI belongs to the best of the industry, outperforming 84.21% 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 65.18%. This is amongst the best in the industry. BESI outperforms 85.96% 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
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so BESI is creating value.
The number of shares outstanding for BESI has been increased compared to 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 an Altman-Z score of 10.75. This indicates that BESI is financially healthy and has little risk of bankruptcy at the moment.
BESI has a better Altman-Z score (10.75) than 84.21% 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.
The Debt to FCF ratio of BESI (2.88) is comparable to the rest of the industry.
BESI has a Debt/Equity ratio of 1.07. This is a high value indicating a heavy dependency on external financing.
BESI has a Debt to Equity ratio of 1.07. This is amonst the worse of the industry: BESI underperforms 89.47% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.07 | ||
| Debt/FCF | 2.88 | ||
| Altman-Z | 10.75 |
ROIC/WACC1.33
WACC10.36%
2.3 Liquidity
A Current Ratio of 5.98 indicates that BESI has no problem at all paying its short term obligations.
With an excellent Current ratio value of 5.98, BESI belongs to the best of the industry, outperforming 98.25% 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.
With an excellent Quick ratio value of 5.36, BESI belongs to the best of the industry, outperforming 98.25% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 5.98 | ||
| Quick Ratio | 5.36 |
3. Growth
3.1 Past
BESI shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 1.35%.
The Earnings Per Share has been growing by 16.76% on average over the past years. This is quite good.
The Revenue has been growing slightly by 2.29% in the past 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 24.83% on average per year.
The Revenue is expected to grow by 18.94% on average over the next years. This is quite good.
EPS Next Y20.53%
EPS Next 2Y38%
EPS Next 3Y32.81%
EPS Next 5Y24.83%
Revenue Next Year4.29%
Revenue Next 2Y20.08%
Revenue Next 3Y20.43%
Revenue Next 5Y18.94%
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
Based on the Price/Earnings ratio of 57.65, the valuation of BESI can be described as expensive.
Based on the Price/Earnings ratio, BESI is valued more expensive than 84.21% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.86, BESI is valued quite expensively.
With a Price/Forward Earnings ratio of 29.75, BESI can be considered very expensive at the moment.
Based on the Price/Forward Earnings ratio, BESI is valued a bit more expensive than the industry average as 75.44% of the companies are valued more cheaply.
BESI is valuated rather expensively when we compare the Price/Forward Earnings ratio to 21.43, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 57.65 | ||
| Fwd PE | 29.75 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BESI is valued expensively inside the industry as 84.21% of the companies are valued cheaper.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of BESI is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 55.93 | ||
| EV/EBITDA | 43.67 |
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.
A more expensive valuation may be justified as BESI's earnings are expected to grow with 32.80% in the coming years.
PEG (NY)2.81
PEG (5Y)3.44
EPS Next 2Y38%
EPS Next 3Y32.81%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.75%, 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 1.28. BESI pays more dividend than 87.72% of the companies in the same industry.
BESI's Dividend Yield is slightly below the S&P500 average, which is at 2.43.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.75% |
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
94.25% 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.
DP94.25%
EPS Next 2Y38%
EPS Next 3Y32.81%
AMS:BESI (6/27/2025, 9:46:21 AM)
130.3
+0.5 (+0.39%)
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 Cap10.57B
Analysts77.14
Price Target134.64 (3.33%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.75% |
Yearly Dividend2.19
Dividend Growth(5Y)5.49%
DP94.25%
Div Incr Years1
Div Non Decr Years1
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)3.79%
PT rev (3m)-7.58%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-6.35%
EPS NY rev (1m)0%
EPS NY rev (3m)-20.28%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.69%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-13.25%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 57.65 | ||
| Fwd PE | 29.75 | ||
| P/S | 17.41 | ||
| P/FCF | 55.93 | ||
| P/OCF | 52.58 | ||
| P/B | 21.09 | ||
| P/tB | 29.49 | ||
| EV/EBITDA | 43.67 |
EPS(TTM)2.26
EY1.73%
EPS(NY)4.38
Fwd EY3.36%
FCF(TTM)2.33
FCFY1.79%
OCF(TTM)2.48
OCFY1.9%
SpS7.49
BVpS6.18
TBVpS4.42
PEG (NY)2.81
PEG (5Y)3.44
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 | 10.75 |
F-Score6
WACC10.36%
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)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 5Y24.83%
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 5Y18.94%
EBIT growth 1Y-8.34%
EBIT growth 3Y-14.92%
EBIT growth 5Y16.2%
EBIT Next Year15.49%
EBIT Next 3Y33.42%
EBIT Next 5Y27.79%
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%