BE SEMICONDUCTOR INDUSTRIES (BESI.AS)
NL0012866412 - Common Stock
Taking everything into account, BESI scores 7 out of 10 in our fundamental rating. BESI was compared to 53 industry peers in the Semiconductors & Semiconductor Equipment industry. Both the health and profitability get an excellent rating, making BESI a very profitable company, without any liquidiy or solvency issues. While showing a medium growth rate, BESI is valued expensive at the moment. With these ratings, BESI could be worth investigating further for quality 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.
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 21.35%, BESI belongs to the top of the industry, outperforming 88.68% of the companies in the same industry.
BESI has a better Return On Equity (38.19%) than 81.13% of its industry peers.
With an excellent Return On Invested Capital value of 26.42%, BESI belongs to the best of the industry, outperforming 88.68% of the companies in the same industry.
BESI had an Average Return On Invested Capital over the past 3 years of 26.17%. This is significantly above the industry average of 16.39%.
The last Return On Invested Capital (26.42%) for BESI is above the 3 year average (26.17%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 21.35% | ||
| ROE | 38.19% | ||
| ROIC | 26.42% |
ROA(3y)21.88%
ROA(5y)18.36%
ROE(3y)41.97%
ROE(5y)37.76%
ROIC(3y)26.17%
ROIC(5y)21.51%
1.3 Margins
BESI has a Profit Margin of 28.57%. This is amongst the best in the industry. BESI outperforms 84.91% of its industry peers.
In the last couple of years the Profit Margin of BESI has grown nicely.
BESI has a better Operating Margin (34.25%) than 90.57% of its industry peers.
BESI's Operating Margin has improved in the last couple of years.
BESI has a Gross Margin of 65.48%. This is amongst the best in the industry. BESI outperforms 88.68% of its industry peers.
BESI's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 34.25% | ||
| PM (TTM) | 28.57% | ||
| GM | 65.48% |
OM growth 3Y2.17%
OM growth 5Y2.15%
PM growth 3Y0.1%
PM growth 5Y3.35%
GM growth 3Y2.87%
GM growth 5Y2.67%
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 reduced compared to 1 year ago.
The number of shares outstanding for BESI has been increased compared to 5 years ago.
BESI has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 18.13 indicates that BESI is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 18.13, BESI belongs to the top of the industry, outperforming 94.34% of the companies in the same industry.
The Debt to FCF ratio of BESI is 1.17, which is an excellent value as it means it would take BESI, only 1.17 years of fcf income to pay off all of its debts.
BESI has a better Debt to FCF ratio (1.17) than 77.36% of its industry peers.
A Debt/Equity ratio of 0.44 indicates that BESI is not too dependend on debt financing.
BESI's Debt to Equity ratio of 0.44 is on the low side compared to the rest of the industry. BESI is outperformed by 73.58% of its industry peers.
Even though the debt/equity ratio score it not favorable for BESI, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.44 | ||
| Debt/FCF | 1.17 | ||
| Altman-Z | 18.13 |
ROIC/WACC2.13
WACC12.43%
2.3 Liquidity
BESI has a Current Ratio of 4.44. This indicates that BESI is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of BESI (4.44) is better than 90.57% of its industry peers.
BESI has a Quick Ratio of 3.67. This indicates that BESI is financially healthy and has no problem in meeting its short term obligations.
With an excellent Quick ratio value of 3.67, BESI belongs to the best of the industry, outperforming 90.57% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.44 | ||
| Quick Ratio | 3.67 |
3. Growth
3.1 Past
BESI shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -8.30%.
The Earnings Per Share has been growing slightly by 5.64% on average over the past years.
The Revenue has decreased by -3.65% in the past year.
Measured over the past years, BESI shows a small growth in Revenue. The Revenue has been growing by 1.96% on average per year.
EPS 1Y (TTM)-8.3%
EPS 3Y10.12%
EPS 5Y5.64%
EPS Q2Q%-19.7%
Revenue 1Y (TTM)-3.65%
Revenue growth 3Y10.11%
Revenue growth 5Y1.96%
Sales Q2Q%-6.97%
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 26.69% on average per year.
Based on estimates for the next years, BESI will show a very strong growth in Revenue. The Revenue will grow by 24.28% on average per year.
EPS Next Y9.81%
EPS Next 2Y39.49%
EPS Next 3Y40.23%
EPS Next 5Y26.69%
Revenue Next Year13.75%
Revenue Next 2Y28.11%
Revenue Next 3Y28.83%
Revenue Next 5Y24.28%
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
BESI is valuated quite expensively with a Price/Earnings ratio of 52.83.
Based on the Price/Earnings ratio, BESI is valued a bit more expensive than 73.58% of the companies in the same industry.
BESI's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 30.97.
Based on the Price/Forward Earnings ratio of 25.57, the valuation of BESI can be described as expensive.
Based on the Price/Forward Earnings ratio, BESI is valued a bit more expensive than 62.26% of the companies in the same industry.
BESI is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 22.29, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 52.83 | ||
| Fwd PE | 25.57 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BESI is valued a bit more expensive than 71.70% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of BESI indicates a somewhat cheap valuation: BESI is cheaper than 62.26% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 51.63 | ||
| EV/EBITDA | 38.41 |
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 40.23% in the coming years.
PEG (NY)5.39
PEG (5Y)9.37
EPS Next 2Y39.49%
EPS Next 3Y40.23%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.91%, BESI has a reasonable but not impressive dividend return.
In the last 3 months the price of BESI has falen by -34.21%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
Compared to an average industry Dividend Yield of 1.30, BESI pays a better dividend. On top of this BESI pays more dividend than 86.79% of the companies listed in the same industry.
BESI's Dividend Yield is comparable with the S&P500 average which is at 2.22.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.91% |
5.2 History
The dividend of BESI has a limited annual growth rate of 3.98%.
Dividend Growth(5Y)3.98%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
103.42% 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.
DP103.42%
EPS Next 2Y39.49%
EPS Next 3Y40.23%
BE SEMICONDUCTOR INDUSTRIES
AMS:BESI (10/8/2024, 7:00:00 PM)
110.95
0 (0%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
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Market Cap8.84B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.91% |
Dividend Growth(5Y)
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Surprises & Revisions
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Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 52.83 | ||
| Fwd PE | 25.57 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
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OCF(TTM)
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SpS
BVpS
TBVpS
PEG (NY)5.39
PEG (5Y)9.37
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 21.35% | ||
| ROE | 38.19% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 34.25% | ||
| PM (TTM) | 28.57% | ||
| GM | 65.48% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.75
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.44 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 4.44 | ||
| Quick Ratio | 3.67 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)-8.3%
EPS 3Y10.12%
EPS 5Y
EPS Q2Q%
EPS Next Y9.81%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-3.65%
Revenue growth 3Y10.11%
Revenue growth 5Y
Sales Q2Q%
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Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
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EBIT growth 3Y
EBIT growth 5Y
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