BE SEMICONDUCTOR INDUSTRIES (BESI.AS) Stock Fundamental Analysis
Europe - AMS:BESI - NL0012866412 - Common Stock
140.1 EUR
+1.6 (+1.16%)
We assign a fundamental rating of 6 out of 10 to BESI. BESI was compared to 59 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. With these ratings, BESI could be worth investigating further 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.
Each year in the past 5 years BESI had a positive operating cash flow.
1.2 Ratios
The Return On Assets of BESI (15.92%) is better than 79.66% of its industry peers.
BESI has a better Return On Equity (47.58%) than 91.53% of its industry peers.
BESI has a Return On Invested Capital of 15.29%. This is in the better half of the industry: BESI outperforms 71.19% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for BESI is above the industry average of 15.39%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 15.92% | ||
| ROE | 47.58% | ||
| ROIC | 15.29% |
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 (28.20%) is better than 77.97% of its industry peers.
In the last couple of years the Profit Margin of BESI has grown nicely.
The Operating Margin of BESI (31.27%) is better than 76.27% of its industry peers.
BESI's Operating Margin has improved in the last couple of years.
With an excellent Gross Margin value of 63.90%, BESI belongs to the best of the industry, outperforming 86.44% 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 | 31.27% | ||
| PM (TTM) | 28.2% | ||
| 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
BESI has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it 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.
BESI has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 11.68 indicates that BESI is not in any danger for bankruptcy at the moment.
The Altman-Z score of BESI (11.68) is better than 81.36% of its industry peers.
BESI has a debt to FCF ratio of 2.85. This is a good value and a sign of high solvency as BESI would need 2.85 years to pay back of all of its debts.
BESI has a Debt to FCF ratio (2.85) which is in line with its industry peers.
A Debt/Equity ratio of 1.50 is on the high side and indicates that BESI has dependencies on debt financing.
BESI has a Debt to Equity ratio of 1.50. This is amonst the worse of the industry: BESI underperforms 91.53% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.5 | ||
| Debt/FCF | 2.85 | ||
| Altman-Z | 11.68 |
ROIC/WACC1.51
WACC10.15%
2.3 Liquidity
A Current Ratio of 5.73 indicates that BESI has no problem at all paying its short term obligations.
The Current ratio of BESI (5.73) is better than 94.92% of its industry peers.
BESI has a Quick Ratio of 5.06. This indicates that BESI is financially healthy and has no problem in meeting its short term obligations.
BESI's Quick ratio of 5.06 is amongst the best of the industry. BESI outperforms 98.31% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 5.73 | ||
| Quick Ratio | 5.06 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 1.43% 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 3.75% in the last year.
BESI shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 11.27% yearly.
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
Based on estimates for the next years, BESI will show a very strong growth in Earnings Per Share. The EPS will grow by 24.55% on average per year.
Based on estimates for the next years, BESI will show a quite strong growth in Revenue. The Revenue will grow by 19.10% on average per year.
EPS Next Y-23.91%
EPS Next 2Y22.36%
EPS Next 3Y28.75%
EPS Next 5Y24.55%
Revenue Next Year-2.53%
Revenue Next 2Y17%
Revenue Next 3Y20.17%
Revenue Next 5Y19.1%
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 65.77, which means the current valuation is very expensive for BESI.
76.27% of the companies in the same industry are cheaper than BESI, based on the Price/Earnings ratio.
BESI is valuated expensively when we compare the Price/Earnings ratio to 27.57, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 40.69, BESI can be considered very expensive at the moment.
BESI's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. BESI is more expensive than 77.97% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of BESI to the average of the S&P500 Index (23.09), we can say BESI is valued expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 65.77 | ||
| Fwd PE | 40.69 |
4.2 Price Multiples
86.44% 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 | 59.88 | ||
| EV/EBITDA | 54.11 |
4.3 Compensation for Growth
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 28.75% in the coming years.
PEG (NY)N/A
PEG (5Y)3.93
EPS Next 2Y22.36%
EPS Next 3Y28.75%
5. Dividend
5.1 Amount
BESI has a Yearly Dividend Yield of 1.50%. Purely for dividend investing, there may be better candidates out there.
BESI's Dividend Yield is rather good when compared to the industry average which is at 1.10. BESI pays more dividend than 89.83% of the companies 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 | 1.5% |
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 101.47% 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.
DP101.47%
EPS Next 2Y22.36%
EPS Next 3Y28.75%
AMS:BESI (10/23/2025, 11:46:13 AM)
140.1
+1.6 (+1.16%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners72.33%
Inst Owner ChangeN/A
Ins Owners1.84%
Ins Owner ChangeN/A
Market Cap11.37B
Revenue(TTM)602.23M
Net Income(TTM)169.85M
Analysts77.04
Price Target142.53 (1.73%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.5% |
Yearly Dividend2.19
Dividend Growth(5Y)5.49%
DP101.47%
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)2.59%
PT rev (3m)5.87%
EPS NQ rev (1m)-1.03%
EPS NQ rev (3m)-35.99%
EPS NY rev (1m)0%
EPS NY rev (3m)-36.87%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-13.35%
Revenue NY rev (1m)1.39%
Revenue NY rev (3m)-6.55%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 65.77 | ||
| Fwd PE | 40.69 | ||
| P/S | 18.88 | ||
| P/FCF | 59.88 | ||
| P/OCF | 55.05 | ||
| P/B | 31.85 | ||
| P/tB | 54.66 | ||
| EV/EBITDA | 54.11 |
EPS(TTM)2.13
EY1.52%
EPS(NY)3.44
Fwd EY2.46%
FCF(TTM)2.34
FCFY1.67%
OCF(TTM)2.54
OCFY1.82%
SpS7.42
BVpS4.4
TBVpS2.56
PEG (NY)N/A
PEG (5Y)3.93
Graham Number14.52
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 15.92% | ||
| ROE | 47.58% | ||
| ROCE | 20.38% | ||
| ROIC | 15.29% | ||
| ROICexc | 15.29% | ||
| ROICexgc | 18.23% | ||
| OM | 31.27% | ||
| PM (TTM) | 28.2% | ||
| GM | 63.9% | ||
| FCFM | 31.52% |
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%
ROICexgc growth 3Y-21.99%
ROICexgc 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 Turnover0.56
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.5 | ||
| Debt/FCF | 2.85 | ||
| Debt/EBITDA | 2.47 | ||
| Cap/Depr | 56.75% | ||
| Cap/Sales | 2.77% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 94.86% | ||
| Profit Quality | 111.78% | ||
| Current Ratio | 5.73 | ||
| Quick Ratio | 5.06 | ||
| Altman-Z | 11.68 |
F-Score5
WACC10.15%
ROIC/WACC1.51
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-23.91%
EPS Next 2Y22.36%
EPS Next 3Y28.75%
EPS Next 5Y24.55%
Revenue 1Y (TTM)3.75%
Revenue growth 3Y-6.76%
Revenue growth 5Y11.27%
Sales Q2Q%-2.03%
Revenue Next Year-2.53%
Revenue Next 2Y17%
Revenue Next 3Y20.17%
Revenue Next 5Y19.1%
EBIT growth 1Y-5.13%
EBIT growth 3Y-14.92%
EBIT growth 5Y16.2%
EBIT Next Year-3.96%
EBIT Next 3Y33.27%
EBIT Next 5Y28.26%
FCF growth 1Y-32.49%
FCF growth 3Y-11.48%
FCF growth 5Y9.96%
OCF growth 1Y-28.66%
OCF growth 3Y-10.22%
OCF growth 5Y10.86%