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 60 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 is valued quite expensively, but it does show have an excellent growth rating. With these ratings, BESI could be worth investigating further 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.
In the past 5 years BESI has always been profitable.
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 13.74%, BESI is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
Looking at the Return On Equity, with a value of 33.84%, BESI belongs to the top of the industry, outperforming 83.33% of the companies in the same industry.
With a decent Return On Invested Capital value of 13.23%, BESI is doing good in the industry, outperforming 66.67% 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 above the industry average of 15.32%.
The 3 year average ROIC (19.02%) for BESI is well above the current ROIC(13.23%). The reason for the recent decline needs to be investigated.
| 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
The Profit Margin of BESI (28.17%) is better than 81.67% of its industry peers.
BESI's Profit Margin has improved in the last couple of years.
With a decent Operating Margin value of 31.28%, BESI is doing good in the industry, outperforming 78.33% of the companies in the same industry.
BESI's Operating Margin has improved in the last couple of years.
The Gross Margin of BESI (63.90%) is better than 88.33% 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
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.
Compared to 5 years ago, BESI has more shares outstanding
The debt/assets ratio for BESI is higher compared to a year ago.
2.2 Solvency
BESI has an Altman-Z score of 9.73. This indicates that BESI is financially healthy and has little risk of bankruptcy at the moment.
BESI has a Altman-Z score of 9.73. This is amongst the best in the industry. BESI outperforms 81.67% of its industry peers.
The Debt to FCF ratio of BESI is 2.87, which is a good value as it means it would take BESI, 2.87 years of fcf income to pay off 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 55.00% of its industry peers.
BESI has a Debt/Equity ratio of 1.07. This is a high value indicating a heavy dependency on external financing.
BESI's Debt to Equity ratio of 1.07 is on the low side compared to the rest of the industry. BESI is outperformed by 88.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.07 | ||
| Debt/FCF | 2.87 | ||
| Altman-Z | 9.73 |
ROIC/WACC1.31
WACC10.11%
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 better Current ratio (5.98) than 98.33% of its industry peers.
BESI has a Quick Ratio of 5.36. This indicates that BESI is financially healthy and has no problem in meeting its short term obligations.
BESI has a Quick ratio of 5.36. This is amongst the best in the industry. BESI outperforms 98.33% of its industry peers.
| 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 1.43%.
BESI shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 16.76% yearly.
BESI shows a small growth in Revenue. In the last year, the Revenue has grown by 3.75%.
The Revenue has been growing by 11.27% on average over the past years. This is quite good.
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
BESI is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 24.29% yearly.
The Revenue is expected to grow by 20.54% 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 5Y24.29%
Revenue Next Year-1.4%
Revenue Next 2Y18.38%
Revenue Next 3Y20.28%
Revenue Next 5Y20.54%
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
The Price/Earnings ratio is 56.31, which means the current valuation is very expensive for BESI.
85.00% of the companies in the same industry are cheaper than BESI, based on the Price/Earnings ratio.
BESI's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 26.54.
Based on the Price/Forward Earnings ratio of 27.39, the valuation of BESI can be described as expensive.
Compared to the rest of the industry, the Price/Forward Earnings ratio of BESI indicates a slightly more expensive valuation: BESI is more expensive than 66.67% of the companies listed in the same industry.
BESI is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 35.28, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 56.31 | ||
| Fwd PE | 27.39 |
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 76.67% of the companies listed in the same industry.
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 | 51.32 | ||
| EV/EBITDA | 39.34 |
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.
BESI's earnings are expected to grow with 32.80% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.74
PEG (5Y)3.36
EPS Next 2Y38%
EPS Next 3Y32.81%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.83%, 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 1.33. BESI pays more dividend than 85.00% of the companies in the same industry.
Compared to the average S&P500 Dividend Yield of 2.40, BESI is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.83% |
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.
The dividend of BESI is growing, but earnings are growing more, so the dividend growth is sustainable.
DP101.88%
EPS Next 2Y38%
EPS Next 3Y32.81%
AMS:BESI (8/7/2025, 7:00:00 PM)
119.95
+5.15 (+4.49%)
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 Cap9.73B
Analysts77.86
Price Target137.34 (14.5%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.83% |
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)2.01%
PT rev (3m)0.23%
EPS NQ rev (1m)-31.95%
EPS NQ rev (3m)-55.66%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)-11.45%
Revenue NQ rev (3m)-29.94%
Revenue NY rev (1m)-5.46%
Revenue NY rev (3m)-14.21%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 56.31 | ||
| Fwd PE | 27.39 | ||
| P/S | 16.16 | ||
| P/FCF | 51.32 | ||
| P/OCF | 47.17 | ||
| P/B | 19.42 | ||
| P/tB | 27.15 | ||
| EV/EBITDA | 39.34 |
EPS(TTM)2.13
EY1.78%
EPS(NY)4.38
Fwd EY3.65%
FCF(TTM)2.34
FCFY1.95%
OCF(TTM)2.54
OCFY2.12%
SpS7.42
BVpS6.18
TBVpS4.42
PEG (NY)2.74
PEG (5Y)3.36
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 | 9.73 |
F-Score5
WACC10.11%
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 Y20.53%
EPS Next 2Y38%
EPS Next 3Y32.81%
EPS Next 5Y24.29%
Revenue 1Y (TTM)3.75%
Revenue growth 3Y-6.76%
Revenue growth 5Y11.27%
Sales Q2Q%-2.03%
Revenue Next Year-1.4%
Revenue Next 2Y18.38%
Revenue Next 3Y20.28%
Revenue Next 5Y20.54%
EBIT growth 1Y-5.23%
EBIT growth 3Y-14.92%
EBIT growth 5Y16.2%
EBIT Next Year15.49%
EBIT Next 3Y33.42%
EBIT Next 5Y27.43%
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%