BE SEMICONDUCTOR INDUSTRIES (BESI.AS) Stock Fundamental Analysis
AMS:BESI - Euronext Amsterdam - NL0012866412 - Common Stock - Currency: EUR
BESI gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 54 industry peers in the Semiconductors & Semiconductor Equipment industry. BESI has an excellent profitability rating, but there are some minor concerns on its financial health. BESI is valued quite expensive, but it does show an excellent growth. These ratings would make BESI suitable for growth investing!
1. Profitability
1.1 Basic Checks
BESI had positive earnings in the past year.
In the past year BESI had a positive cash flow from operations.
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
BESI has a better Return On Assets (14.74%) than 75.93% of its industry peers.
The Return On Equity of BESI (36.31%) is better than 83.33% of its industry peers.
With a decent Return On Invested Capital value of 13.73%, BESI is doing good in the industry, outperforming 64.81% 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 16.29%.
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
BESI has a Profit Margin of 29.96%. This is amongst the best in the industry. BESI outperforms 90.74% of its industry peers.
BESI's Profit Margin has improved in the last couple of years.
BESI has a better Operating Margin (32.20%) than 81.48% of its industry peers.
BESI's Operating Margin has improved in the last couple of years.
BESI has a better Gross Margin (65.18%) than 87.04% 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
BESI has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
BESI has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, BESI has more shares outstanding
BESI has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 10.41 indicates that BESI is not in any danger for bankruptcy at the moment.
With a decent Altman-Z score value of 10.41, BESI is doing good in the industry, outperforming 75.93% of the companies in the same industry.
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.
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 88.89% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.07 | ||
| Debt/FCF | 2.88 | ||
| Altman-Z | 10.41 |
ROIC/WACC1.3
WACC10.58%
2.3 Liquidity
A Current Ratio of 5.98 indicates that BESI has no problem at all paying its short term obligations.
The Current ratio of BESI (5.98) is better than 98.15% 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.
Looking at the Quick ratio, with a value of 5.36, BESI belongs to the top of the industry, outperforming 98.15% of the companies in the same industry.
| 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.
The Revenue has been growing by 11.27% on average over the past years. This is quite good.
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
BESI is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 24.29% yearly.
Based on estimates for the next years, BESI will show a very strong growth in Revenue. The Revenue will grow by 20.54% on average per year.
EPS Next Y20.53%
EPS Next 2Y38%
EPS Next 3Y32.81%
EPS Next 5Y24.29%
Revenue Next Year4.29%
Revenue Next 2Y20.08%
Revenue Next 3Y20.43%
Revenue Next 5Y20.54%
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
Based on the Price/Earnings ratio of 55.91, the valuation of BESI can be described as expensive.
Compared to the rest of the industry, the Price/Earnings ratio of BESI indicates a rather expensive valuation: BESI more expensive than 85.19% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.51, BESI is valued quite expensively.
The Price/Forward Earnings ratio is 28.85, which means the current valuation is very expensive for BESI.
70.37% of the companies in the same industry are cheaper than BESI, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 35.58. BESI is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 55.91 | ||
| Fwd PE | 28.85 |
4.2 Price Multiples
BESI's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. BESI is more expensive than 79.63% of the companies 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 | 54.24 | ||
| EV/EBITDA | 41.81 |
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.
BESI's earnings are expected to grow with 32.80% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.72
PEG (5Y)3.34
EPS Next 2Y38%
EPS Next 3Y32.81%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.71%, BESI has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 1.19, BESI pays a better dividend. On top of this BESI pays more dividend than 87.04% of the companies listed in the same industry.
BESI's Dividend Yield is slightly below the S&P500 average, which is at 2.35.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.71% |
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 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 (7/15/2025, 5:29:53 PM)
126.35
+1.7 (+1.36%)
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 Cap10.25B
Analysts77.86
Price Target134.64 (6.56%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.71% |
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)5.6%
PT rev (3m)-6.96%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-2.72%
EPS NY rev (1m)0%
EPS NY rev (3m)-4.15%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.83%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-13.25%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 55.91 | ||
| Fwd PE | 28.85 | ||
| P/S | 16.88 | ||
| P/FCF | 54.24 | ||
| P/OCF | 50.99 | ||
| P/B | 20.45 | ||
| P/tB | 28.59 | ||
| EV/EBITDA | 41.81 |
EPS(TTM)2.26
EY1.79%
EPS(NY)4.38
Fwd EY3.47%
FCF(TTM)2.33
FCFY1.84%
OCF(TTM)2.48
OCFY1.96%
SpS7.49
BVpS6.18
TBVpS4.42
PEG (NY)2.72
PEG (5Y)3.34
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 | 10.41 |
F-Score6
WACC10.58%
ROIC/WACC1.3
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 5Y24.29%
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 5Y20.54%
EBIT growth 1Y-8.34%
EBIT growth 3Y-14.92%
EBIT growth 5Y16.2%
EBIT Next Year15.49%
EBIT Next 3Y33.42%
EBIT Next 5Y27.43%
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%