View ValuationASM International 향후 성장Future 기준 점검 3/6ASM International (는) 각각 연간 12.6% 및 15.1% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 13.3% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 22.7% 로 예상됩니다.핵심 정보12.6%이익 성장률13.29%EPS 성장률Semiconductor 이익 성장29.9%매출 성장률15.1%향후 자기자본이익률22.70%애널리스트 커버리지Good마지막 업데이트08 May 2026최근 향후 성장 업데이트공시 • Oct 29ASM International NV Provides Revenue Guidance for the Fourth Quarter of 2025 and Full Year 2025 and 2026ASM International NV provided revenue guidance for the fourth quarter of 2025 and full year 2025 and 2026. For the fourth quarter 2025, the company expects revenue to be in a range of €630 to €660 million. For the full year 2025, the company continue to expect revenue growth at close to 10% at constant currencies. Despite a projected slow start in 2026, the company expects ASM revenue to grow in 2026.공시 • Sep 23+ 1 more updateASM International NV Lowers Revenue Guidance for the Fourth Quarter and Full Year of 2025ASM International NV lowered revenue guidance for the fourth quarter and full year of 2025. The company anticipates fourth quarter revenue to be below earlier expectations. This is due to lower-than-expected demand in leading-edge logic/foundry, with a mixed picture per customer, as well as lower demand in the power/wafer/analog markets. For this reason, revenue in the second half of 2025 is expected to be 5%-10% lower compared to the first half of 2025 at constant currencies. The updated guidance for H2 2025 implies that revenue growth (at constant currencies) for the full year 2025 will be at the lower end of the previously guided range of 10%-20%.공시 • Dec 04ASM International NV Reiterates Sales Guidance for the Fourth Quarter 2024, Second Half 2024 and Year 2025ASM International NV reiterated sales guidance for the fourth quarter 2024, second half 2024 and year 2025. For the year 2025, the company announced that On December 2, 2024, the U.S. government announced updated export regulations, including new restrictions on exports of semiconductor equipment applications to China. These regulations are largely in line with the company's previous assumptions. The company reiterate target for total ASM revenue of €3.2 billion - €3.6 billion in 2025, as communicated on October 29, 2024. For the fourth quarter, the company guidance is also unchanged for ASM total sales of €770 million - €810 million in fourth quarter 2024. For the second half 2024, the company sales in the second half of 2024 to increase by slightly more than 15% compared to the first half, in line with the company's third quarter earnings announcement on October 29, 2024.공시 • Oct 30ASM International NV Provides Revenue Guidance for the Fourth Quarter of 2024ASM International NV provided revenue guidance for the fourth quarter of 2024. For the year, the company projects revenue of €770 million to €810 million.공시 • Jul 24ASM International NV Provides Revenue Guidance for the Third Quarter and Second Half of 2024ASM International NV provided revenue guidance for the third quarter and second half of 2024. The company expected revenue in the third quarter of 2024, at constant currencies, to be in a range of €740-780 million. The company projected revenue in the second half to increase around 15% compared to the level in the first half resulting in another growth year for ASM. The company continue to expect sales from China to drop in the second half compared to the exceptional level in the first half. This will however be more than offset by an expected strong increase in the second half in logic/foundry sales, mostly driven by rising GAA-related sales and an increase in memory sales, in particular for HBM DRAM.공시 • Oct 26ASM International NV Provides Revenue Guidance for the Fourth Quarter of 2023ASM International NV provided revenue guidance for the fourth quarter of 2023. For the year, the company projects revenue of €600 to €640 million.모든 업데이트 보기Recent updates공시 • May 12+ 1 more updateASM International N.V. Approves a Regular DividendASM International N.V. at its Annual General Meeting held on May 11, 2026 approved a regular dividend of €3.25 per common share.공시 • Apr 28Asm International N.V. Announces Resignation of Supervisory Board Member Mr. Martin Van Den Brink, Effective April 27, 2026ASM International N.V. announced that Mr. Martin van den Brink has resigned as a member of ASM’s Supervisory Board with immediate effect. The resignation follows an assessment that Mr. Van den Brink’s other professional activities could, over time, give rise to overlapping interests. To avoid any such situation, or any appearance of it, arising in the future, the decision was taken by mutual understanding and agreement. Mr. Van den Brink was appointed to ASM’s Supervisory Board in May 2024. He played an important role in strengthening the Supervisory Board’s technology oversight, including through the establishment of the Technology Committee, and his deep industry knowledge and experience have been of great value to the company. Effective date: April 27, 2026.공시 • Mar 05+ 3 more updatesASM International NV (ENXTAM:ASM) announces an Equity Buyback for €150 million worth of its shares.ASM International NV (ENXTAM:ASM) announces a share repurchase program. Under the program, the company will repurchase up to €150 million worth of it's shares. The repurchases will be funded from company's excess cash. The program will be valid for 2026/2027 period.공시 • Jan 13+ 2 more updatesASM International NV to Report Q1, 2026 Results on Apr 21, 2026ASM International NV announced that they will report Q1, 2026 results at 6:00 PM, Central European Standard Time on Apr 21, 2026Valuation Update With 7 Day Price Move • Jan 07Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €605, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 23x in the Semiconductor industry in Germany. Total returns to shareholders of 124% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €379 per share.공시 • Dec 10ASM International Nv Announces Retirement of Pauline Van Der Meer Mohr as Supervisory Board ChairThe Supervisory Board (SB) of ASM International N.V. announced on December 8, 2025 that Supervisory Board Chair Ms. Pauline van der Meer Mohr has expressed her intention to retire as per the Annual General Meeting (AGM) 2027, while allowing for flexibility regarding her exact retirement date depending on the availability of a suitable successor. Ms. Van der Meer Mohr was elected as a member of the Supervisory Board on September 29, 2021, for a period of four years, and appointed Chair of the Supervisory Board per May 16, 2022. She was reappointed for a four-year term in May 2025.공시 • Oct 30ASM International NV to Report Q4, 2025 Results on Mar 03, 2026ASM International NV announced that they will report Q4, 2025 results at 6:00 PM, Central European Standard Time on Mar 03, 2026공시 • Oct 29ASM International NV Provides Revenue Guidance for the Fourth Quarter of 2025 and Full Year 2025 and 2026ASM International NV provided revenue guidance for the fourth quarter of 2025 and full year 2025 and 2026. For the fourth quarter 2025, the company expects revenue to be in a range of €630 to €660 million. For the full year 2025, the company continue to expect revenue growth at close to 10% at constant currencies. Despite a projected slow start in 2026, the company expects ASM revenue to grow in 2026.공시 • Sep 23+ 1 more updateASM International NV Lowers Revenue Guidance for the Fourth Quarter and Full Year of 2025ASM International NV lowered revenue guidance for the fourth quarter and full year of 2025. The company anticipates fourth quarter revenue to be below earlier expectations. This is due to lower-than-expected demand in leading-edge logic/foundry, with a mixed picture per customer, as well as lower demand in the power/wafer/analog markets. For this reason, revenue in the second half of 2025 is expected to be 5%-10% lower compared to the first half of 2025 at constant currencies. The updated guidance for H2 2025 implies that revenue growth (at constant currencies) for the full year 2025 will be at the lower end of the previously guided range of 10%-20%.공시 • Feb 26+ 3 more updatesASM International NV, Annual General Meeting, May 12, 2025ASM International NV, Annual General Meeting, May 12, 2025.공시 • Jan 09+ 3 more updatesASM International NV to Report Q1, 2025 Results on Apr 29, 2025ASM International NV announced that they will report Q1, 2025 results at 6:00 PM, Central European Standard Time on Apr 29, 2025공시 • Dec 04ASM International NV Reiterates Sales Guidance for the Fourth Quarter 2024, Second Half 2024 and Year 2025ASM International NV reiterated sales guidance for the fourth quarter 2024, second half 2024 and year 2025. For the year 2025, the company announced that On December 2, 2024, the U.S. government announced updated export regulations, including new restrictions on exports of semiconductor equipment applications to China. These regulations are largely in line with the company's previous assumptions. The company reiterate target for total ASM revenue of €3.2 billion - €3.6 billion in 2025, as communicated on October 29, 2024. For the fourth quarter, the company guidance is also unchanged for ASM total sales of €770 million - €810 million in fourth quarter 2024. For the second half 2024, the company sales in the second half of 2024 to increase by slightly more than 15% compared to the first half, in line with the company's third quarter earnings announcement on October 29, 2024.Reported Earnings • Nov 01Third quarter 2024 earnings released: EPS: €2.61 (vs €2.63 in 3Q 2023)Third quarter 2024 results: EPS: €2.61 (down from €2.63 in 3Q 2023). Revenue: €778.6m (up 25% from 3Q 2023). Net income: €127.9m (down 1.3% from 3Q 2023). Profit margin: 16% (down from 21% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 7% per year.공시 • Oct 30ASM International NV Provides Revenue Guidance for the Fourth Quarter of 2024ASM International NV provided revenue guidance for the fourth quarter of 2024. For the year, the company projects revenue of €770 million to €810 million.공시 • Oct 01ASM International N.V. Launches PE2O8 Silicon Carbide Epitaxy SystemASM International N.V. introduced the PE2O8 silicon carbide epitaxy system, a new, dual chamber, platform for silicon carbide (SiC) epitaxy (Epi). Designed to address the needs of the advanced SiC power device segment, the PE2O8 is the benchmark epitaxy system for low defectivity, high process uniformity, all with higher throughput and low cost of ownership needed to enable broader adoption of SiC devices. Utilizing a unique design, the dual chamber PE2O8 system deposits SiC with ultra precise control, enabling benchmark higher yield and higher throughput. The highly compact, dual chamber design enables high productivity and low total costs of operation. Additionally, the system features an easy preventive maintenance approach helping to increase uptime and reduce the occurrence of unscheduled downtime. System deliveries have been ongoing to multiple customers globally, among them leaders in SiC power device manufacturing.Reported Earnings • Jul 24Second quarter 2024 earnings released: EPS: €3.23 (vs €3.06 in 2Q 2023)Second quarter 2024 results: EPS: €3.23 (up from €3.06 in 2Q 2023). Revenue: €706.1m (up 5.5% from 2Q 2023). Net income: €159.0m (up 5.2% from 2Q 2023). Profit margin: 23% (in line with 2Q 2023). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth.공시 • Jul 24ASM International NV Provides Revenue Guidance for the Third Quarter and Second Half of 2024ASM International NV provided revenue guidance for the third quarter and second half of 2024. The company expected revenue in the third quarter of 2024, at constant currencies, to be in a range of €740-780 million. The company projected revenue in the second half to increase around 15% compared to the level in the first half resulting in another growth year for ASM. The company continue to expect sales from China to drop in the second half compared to the exceptional level in the first half. This will however be more than offset by an expected strong increase in the second half in logic/foundry sales, mostly driven by rising GAA-related sales and an increase in memory sales, in particular for HBM DRAM.공시 • May 23ASM International NV to Report Q3, 2024 Results on Oct 29, 2024ASM International NV announced that they will report Q3, 2024 results on Oct 29, 2024공시 • May 15+ 2 more updatesASM International NV Announces Board ChangesASM International NV announced that at the AGM held on May 13, 2024, approved appointment of Ms. Micki as members of the Supervisory Board. Furthermore, the Supervisory Board appointed Hichem M’Saad as Chairman of the Management Board, succeeding Benjamin Loh.Upcoming Dividend • May 09Upcoming dividend of €2.75 per shareEligible shareholders must have bought the stock before 15 May 2024. Payment date: 22 May 2024. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (1.0%).Recent Insider Transactions • Apr 26President of the Management Board recently bought €2.0m worth of stockOn the 22nd of April, Gek Lim Loh bought around 4k shares on-market at roughly €520 per share. This transaction amounted to 72% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Gek Lim's only on-market trade for the last 12 months.공시 • Apr 24+ 1 more updateASM International NV Proposes Regular Dividend PaymentASM International NV proposed a regular dividend of €2.75 per common share at its AGM to be held on May 13, 2024.Reported Earnings • Apr 24First quarter 2024 earnings released: EPS: €3.52 (vs €7.71 in 1Q 2023)First quarter 2024 results: EPS: €3.52 (down from €7.71 in 1Q 2023). Revenue: €639.0m (down 10.0% from 1Q 2023). Net income: €173.1m (down 55% from 1Q 2023). Profit margin: 27% (down from 54% in 1Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Apr 22Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €517, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 13x in the Semiconductor industry in Germany. Total returns to shareholders of 107% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €347 per share.Declared Dividend • Mar 25Dividend of €2.75 announcedShareholders will receive a dividend of €2.75. Ex-date: 15th May 2024 Payment date: 22nd May 2024 Dividend yield will be 0.5%, which is lower than the industry average of 1.1%. Payout Ratios Payout ratio: 18%. Cash payout ratio: 32%.공시 • Feb 29+ 2 more updatesASM International NV to Report Q2, 2024 Results on Jul 23, 2024ASM International NV announced that they will report Q2, 2024 results at 6:00 PM, Central European Standard Time on Jul 23, 2024Reported Earnings • Feb 28Full year 2023 earnings released: EPS: €15.26 (vs €7.97 in FY 2022)Full year 2023 results: EPS: €15.26 (up from €7.97 in FY 2022). Revenue: €2.63b (up 9.3% from FY 2022). Net income: €752.1m (up 93% from FY 2022). Profit margin: 28% (up from 16% in FY 2022). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth.공시 • Feb 12ASM International NV Announces CEO Changes, Effective May 13, 2024ASM International N.V. announced that CEO Benjamin Loh will retire and step down as per the AGM on May 13, 2024. He will be succeeded by Hichem M’Saad, currently member of the Management Board and CTO.Benjamin Loh has informed the Supervisory Board of his wish to retire and his decision to step down as CEO as per the Annual General Meeting (AGM) of 2024. Benjamin has agreed to stay on as an advisor for a period of three months after his retirement to ensure a smooth transition. Benjamin joined ASM as CEO in 2020. Under his leadership, ASM’s growth-through-innovation strategy was launched, revenue more than doubled, significantly outperforming the wafer fab equipment market, and the company’s market capitalization tripled to more than €20 billion. He stepped up investments in the expansion of manufacturing and R&D infrastructure. Other highlights during Benjamin’s tenure include the two successful acquisitions in 2022, which further accelerated ASM’s growth. The Supervisory Board has decided to appoint Hichem M’Saad as ASM’s new CEO and Chairman of the Management Board as per the AGM on May 13, 2024. Hichem joined ASM in 2015 as the Senior Vice President and General Manager of the Thermal Products business unit. From 2019, he held the role of Executive Vice President and General Manager of Global Products, including responsibility for developing ASM’s ALD, Epi, VF, and PECVD products. Since 2022, Hichem has been member of the Management Board and Chief Technology Officer. He has been instrumental in several of ASM’s successful innovative products, including the Intrepid ES, Synergis, Previum, A400 DUO, and Sonora. Before joining ASM, he had a 15-year tenure with Applied Materials, including positions as Corporate VP and general manager of the Dielectric Systems and Modules (DSM) and the Chemical Mechanical Polishing (CMP) divisions. He also served as CEO of a start-up in the solar photovoltaic industry for six years.공시 • Nov 10ASM International NV to Report Q4, 2023 Results on Feb 27, 2024ASM International NV announced that they will report Q4, 2023 results at 6:00 PM, Central European Standard Time on Feb 27, 2024New Risk • Oct 27New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.7% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 0.7% per year for the foreseeable future. High level of non-cash earnings (24% accrual ratio).공시 • Oct 26ASM International NV Provides Revenue Guidance for the Fourth Quarter of 2023ASM International NV provided revenue guidance for the fourth quarter of 2023. For the year, the company projects revenue of €600 to €640 million.Reported Earnings • Oct 25Third quarter 2023 earnings released: EPS: €2.63 (vs €3.09 loss in 3Q 2022)Third quarter 2023 results: EPS: €2.63 (up from €3.09 loss in 3Q 2022). Revenue: €622.3m (up 2.1% from 3Q 2022). Net income: €129.6m (up €280.0m from 3Q 2022). Profit margin: 21% (up from net loss in 3Q 2022). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth.공시 • Sep 26ASM International NV Provides Revenue Guidance for the Third Quarter of 2023, Second Half of 2023, 2025 and 2027ASM International NV provided revenue guidance for the third quarter of 2023, second half of 2023, 2025 and 2027. For the quarter, the company expected sales in a range of €580 million - €620 million. For the second half, the company expected sales are still projected to decrease by 10% or more compared to the first half of 2023, and the company continue to project a single-digit percentage increase in fiscal year 2023 sales including consolidation of LPE.For the 2025, the company's revenue target increased to €3.0 billion - €3.6 billion, up from the previous 2021 Investor Day target of €2.8 billion - €3.4 billion. For the 2027, the company's growth in revenue to €4.0 billion - €5.0 billion by 2027 (2022-2027 CAGR of 11%-16%).New Risk • Jul 28New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.Reported Earnings • Jul 26Second quarter 2023 earnings released: EPS: €3.06 (vs €3.30 in 2Q 2022)Second quarter 2023 results: EPS: €3.06 (down from €3.30 in 2Q 2022). Revenue: €669.1m (up 20% from 2Q 2022). Net income: €151.2m (down 5.8% from 2Q 2022). Profit margin: 23% (down from 29% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • May 31Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €404, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 16x in the Semiconductor industry in Germany. Total returns to shareholders of 257% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €231 per share.공시 • May 17Asm International Nv Approves Regular Dividend for 2022ASM International NV at Annual General Meeting held on May 15, 2023 announced that the shareholders voted in favor of a regular dividend payment of €2.50 per common share.Upcoming Dividend • May 10Upcoming dividend of €2.50 per share at 0.7% yieldEligible shareholders must have bought the stock before 17 May 2023. Payment date: 25 May 2023. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (1.1%).Reported Earnings • Apr 26First quarter 2023 earnings released: EPS: €7.71 (vs €2.93 in 1Q 2022)First quarter 2023 results: EPS: €7.71 (up from €2.93 in 1Q 2022). Revenue: €710.0m (up 37% from 1Q 2022). Net income: €380.4m (up 167% from 1Q 2022). Profit margin: 54% (up from 28% in 1Q 2022). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth.Recent Insider Transactions • Apr 24CTO & Member of the Management Board recently bought €2.0m worth of stockOn the 19th of April, Hichem M'Saad bought around 6k shares on-market at roughly €341 per share. This transaction amounted to 35% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €2.1m more in shares than they have sold in the last 12 months.Reported Earnings • Mar 01Full year 2022 earnings released: EPS: €7.97 (vs €10.17 in FY 2021)Full year 2022 results: EPS: €7.97 (down from €10.17 in FY 2021). Revenue: €2.41b (up 39% from FY 2021). Net income: €389.1m (down 21% from FY 2021). Profit margin: 16% (down from 29% in FY 2021). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth.공시 • Jan 18ASM International NV Revises Sales Guidance for the Fourth Quarter of 2022ASM International NV revised sales guidance for the fourth quarter of 2022. For the quarter, the company's sales increased to around €720 million mainly due to better-than-expected supply chain conditions and higher conversion of the backlog as a result thereof, exceeding the previous guidance of €630- €660 million.Valuation Update With 7 Day Price Move • Jan 14Investor sentiment improved over the past weekAfter last week's 16% share price gain to €293, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 16x in the Semiconductor industry in Germany. Total returns to shareholders of 164% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €265 per share.공시 • Jan 13+ 1 more updateASM International NV to Report Q3, 2023 Results on Oct 24, 2023ASM International NV announced that they will report Q3, 2023 results on Oct 24, 2023Valuation Update With 7 Day Price Move • Dec 20Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to €245, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 15x in the Semiconductor industry in Germany. Total returns to shareholders of 147% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €289 per share.Buying Opportunity • Nov 10Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 21%. The fair value is estimated to be €300, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 17%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings is also forecast to grow by 21% per annum over the same time period.Valuation Update With 7 Day Price Move • Nov 01Investor sentiment deteriorated over the past weekAfter last week's 20% share price decline to €224, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 13x in the Semiconductor industry in Germany. Total returns to shareholders of 130% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €229 per share.Reported Earnings • Oct 28Third quarter 2022 earnings released: €3.09 loss per share (vs €2.65 profit in 3Q 2021)Third quarter 2022 results: €3.09 loss per share (down from €2.65 profit in 3Q 2021). Revenue: €609.8m (up 41% from 3Q 2021). Net loss: €150.5m (down 217% from profit in 3Q 2021). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Oct 14Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €217, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 13x in the Semiconductor industry in Germany. Total returns to shareholders of 167% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €368 per share.공시 • Oct 06ASM International NV to Report Q4, 2022 Results on Feb 28, 2023ASM International NV announced that they will report Q4, 2022 results on Feb 28, 2023Valuation Update With 7 Day Price Move • Jul 27Investor sentiment improved over the past weekAfter last week's 15% share price gain to €272, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 15x in the Semiconductor industry in Germany. Total returns to shareholders of 282% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €450 per share.Recent Insider Transactions • Jul 26CFO & Member of Management Board recently bought €70k worth of stockOn the 22nd of July, Paulus Antonius Henricus Verhagen bought around 250 shares on-market at roughly €279 per share. This was the largest purchase by an insider in the last 3 months. This was Paulus Antonius Henricus' only on-market trade for the last 12 months.Reported Earnings • Jul 22Second quarter 2022 earnings released: EPS: €3.30 (vs €2.23 in 2Q 2021)Second quarter 2022 results: EPS: €3.30 (up from €2.23 in 2Q 2021). Revenue: €559.5m (up 36% from 2Q 2021). Net income: €160.4m (up 48% from 2Q 2021). Profit margin: 29% (up from 26% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 19%, compared to a 14% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Jul 05Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to €209, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 13x in the Semiconductor industry in Germany. Total returns to shareholders of 274% over the past three years.Upcoming Dividend • May 11Upcoming dividend of €2.50 per shareEligible shareholders must have bought the stock before 18 May 2022. Payment date: 27 May 2022. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of German dividend payers (4.3%). Lower than average of industry peers (1.2%).Reported Earnings • Apr 22First quarter 2022 earnings released: EPS: €2.93 (vs €2.52 in 1Q 2021)First quarter 2022 results: EPS: €2.93 (up from €2.52 in 1Q 2021). Revenue: €516.9m (up 31% from 1Q 2021). Net income: €142.5m (up 16% from 1Q 2021). Profit margin: 28% (down from 31% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 21%, compared to a 15% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 74% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Mar 19Investor sentiment improved over the past weekAfter last week's 16% share price gain to €327, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 20x in the Semiconductor industry in Germany. Total returns to shareholders of 615% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €449 per share.Reported Earnings • Feb 24Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: €10.17 (up from €5.84 in FY 2020). Revenue: €1.73b (up 30% from FY 2020). Net income: €494.7m (up 73% from FY 2020). Profit margin: 29% (up from 22% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 23%, compared to a 16% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 77% per year, which means it is tracking significantly ahead of earnings growth.Buying Opportunity • Feb 11Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 30%. The fair value is estimated to be €376, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% per annum over the last 3 years. Earnings per share has grown by 20% per annum over the last 3 years.Valuation Update With 7 Day Price Move • Jan 25Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to €302, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 24x in the Semiconductor industry in Germany. Total returns to shareholders of 677% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €374 per share.Reported Earnings • Oct 28Third quarter 2021 earnings released: EPS €2.65 (vs €1.19 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €432.9m (up 38% from 3Q 2020). Net income: €128.9m (up 122% from 3Q 2020). Profit margin: 30% (up from 19% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 114% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Sep 14Investor sentiment improved over the past weekAfter last week's 16% share price gain to €368, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 35x in the Semiconductor industry in Germany. Total returns to shareholders of 838% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €578 per share.Reported Earnings • Sep 02Second quarter 2021 earnings released: EPS €2.23 (vs €1.51 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €411.7m (up 20% from 2Q 2020). Net income: €108.4m (up 46% from 2Q 2020). Profit margin: 26% (up from 22% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 95% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Jul 29Second quarter 2021 earnings released: EPS €2.23 (vs €1.51 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €411.7m (up 20% from 2Q 2020). Net income: €108.4m (up 46% from 2Q 2020). Profit margin: 26% (up from 22% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 84% per year, which means it is tracking significantly ahead of earnings growth.Executive Departure • May 20Independent Chairman of the Supervisory Board Jan Lobbezoo has left the companyOn the 17th of May, Jan Lobbezoo's tenure as Independent Chairman of the Supervisory Board ended after 12.0 years in the role. We don't have any record of a personal shareholding under Jan's name. A total of 2 executives have left over the last 12 months.Executive Departure • May 19CFO & Member of the Management Board has left the companyOn the 17th of May, Petrus Antonius van Bommel's tenure as CFO & Member of the Management Board ended after 10.9 years in the role. As of December 2020, Petrus Antonius personally held 26.18k shares (€4.7m worth at the time). Petrus Antonius is the only executive to leave the company over the last 12 months.Upcoming Dividend • May 12Upcoming dividend of €2.00 per shareEligible shareholders must have bought the stock before 19 May 2021. Payment date: 27 May 2021. Trailing yield: 0.8%. Lower than top quartile of German dividend payers (3.2%). Higher than average of industry peers (0.6%).Reported Earnings • Apr 24First quarter 2021 earnings released: EPS €2.52 (vs €1.52 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €394.0m (up 21% from 1Q 2020). Net income: €122.5m (up 65% from 1Q 2020). Profit margin: 31% (up from 23% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 71% per year, which means it is tracking significantly ahead of earnings growth.이익 및 매출 성장 예측DB:AVS - 애널리스트 향후 추정치 및 과거 재무 데이터 (EUR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20285,3271,4521,2691,6011612/31/20274,7061,2671,1491,4741912/31/20263,9551,0537931,050153/31/20263,197991282758N/A12/31/20253,1737245931,061N/A9/30/20253,2847837481,162N/A6/30/20253,2625277571,145N/A3/31/20253,1334847371,102N/A12/31/20242,933686536898N/A9/30/20242,757551487798N/A6/30/20242,600553369711N/A3/31/20242,563545328668N/A12/31/20232,634752419736N/A9/30/20232,726898364674N/A6/30/20232,714618365621N/A3/31/20232,604627388601N/A12/31/20222,411389333541N/A9/30/20222,178287300502N/A6/30/20222,001567278468N/A3/31/20221,853515236416N/A12/31/20211,730495224381N/A9/30/20211,585439261412N/A6/30/20211,467368194343N/A3/31/20211,397334147298N/A12/31/20201,328285102264N/A9/30/20201,382311235378N/A6/30/20201,339306289420N/A3/31/20201,360354396518N/A12/31/20191,284329N/A489N/A9/30/20191,138268N/A373N/A6/30/20191,063254N/A294N/A3/31/2019908192N/A155N/A12/31/2018818157N/A137N/A9/30/2018751334N/A74N/A6/30/2018734332N/A102N/A3/31/2018740427N/A116N/A12/31/2017737452N/A116N/A9/30/2017722294N/A115N/A6/30/2017688289N/A102N/A3/31/2017612171N/A118N/A12/31/2016598135N/A91N/A9/30/201657085N/A102N/A6/30/201658895N/A146N/A3/31/2016650101N/A139N/A12/31/2015670157N/A175N/A9/30/2015649168N/A157N/A6/30/2015609180N/A104N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: AVS 의 연간 예상 수익 증가율(12.6%)이 saving rate(1.9%)보다 높습니다.수익 vs 시장: AVS 의 연간 수익(12.6%)이 German 시장(17.2%)보다 느리게 성장할 것으로 예상됩니다.고성장 수익: AVS 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: AVS 의 수익(연간 15.1%)이 German 시장(연간 6.8%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: AVS 의 수익(연간 15.1%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: AVS의 자본 수익률은 3년 후 22.7%로 높을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YSemiconductors 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/25 08:04종가2026/05/25 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스ASM International NV는 35명의 분석가가 다루고 있습니다. 이 중 19명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관James FontanelliArete Research Services LLPSimon Alexander ColesBarclaysKeagan Bryce-BorthwickBarclays32명의 분석가 더 보기
공시 • Oct 29ASM International NV Provides Revenue Guidance for the Fourth Quarter of 2025 and Full Year 2025 and 2026ASM International NV provided revenue guidance for the fourth quarter of 2025 and full year 2025 and 2026. For the fourth quarter 2025, the company expects revenue to be in a range of €630 to €660 million. For the full year 2025, the company continue to expect revenue growth at close to 10% at constant currencies. Despite a projected slow start in 2026, the company expects ASM revenue to grow in 2026.
공시 • Sep 23+ 1 more updateASM International NV Lowers Revenue Guidance for the Fourth Quarter and Full Year of 2025ASM International NV lowered revenue guidance for the fourth quarter and full year of 2025. The company anticipates fourth quarter revenue to be below earlier expectations. This is due to lower-than-expected demand in leading-edge logic/foundry, with a mixed picture per customer, as well as lower demand in the power/wafer/analog markets. For this reason, revenue in the second half of 2025 is expected to be 5%-10% lower compared to the first half of 2025 at constant currencies. The updated guidance for H2 2025 implies that revenue growth (at constant currencies) for the full year 2025 will be at the lower end of the previously guided range of 10%-20%.
공시 • Dec 04ASM International NV Reiterates Sales Guidance for the Fourth Quarter 2024, Second Half 2024 and Year 2025ASM International NV reiterated sales guidance for the fourth quarter 2024, second half 2024 and year 2025. For the year 2025, the company announced that On December 2, 2024, the U.S. government announced updated export regulations, including new restrictions on exports of semiconductor equipment applications to China. These regulations are largely in line with the company's previous assumptions. The company reiterate target for total ASM revenue of €3.2 billion - €3.6 billion in 2025, as communicated on October 29, 2024. For the fourth quarter, the company guidance is also unchanged for ASM total sales of €770 million - €810 million in fourth quarter 2024. For the second half 2024, the company sales in the second half of 2024 to increase by slightly more than 15% compared to the first half, in line with the company's third quarter earnings announcement on October 29, 2024.
공시 • Oct 30ASM International NV Provides Revenue Guidance for the Fourth Quarter of 2024ASM International NV provided revenue guidance for the fourth quarter of 2024. For the year, the company projects revenue of €770 million to €810 million.
공시 • Jul 24ASM International NV Provides Revenue Guidance for the Third Quarter and Second Half of 2024ASM International NV provided revenue guidance for the third quarter and second half of 2024. The company expected revenue in the third quarter of 2024, at constant currencies, to be in a range of €740-780 million. The company projected revenue in the second half to increase around 15% compared to the level in the first half resulting in another growth year for ASM. The company continue to expect sales from China to drop in the second half compared to the exceptional level in the first half. This will however be more than offset by an expected strong increase in the second half in logic/foundry sales, mostly driven by rising GAA-related sales and an increase in memory sales, in particular for HBM DRAM.
공시 • Oct 26ASM International NV Provides Revenue Guidance for the Fourth Quarter of 2023ASM International NV provided revenue guidance for the fourth quarter of 2023. For the year, the company projects revenue of €600 to €640 million.
공시 • May 12+ 1 more updateASM International N.V. Approves a Regular DividendASM International N.V. at its Annual General Meeting held on May 11, 2026 approved a regular dividend of €3.25 per common share.
공시 • Apr 28Asm International N.V. Announces Resignation of Supervisory Board Member Mr. Martin Van Den Brink, Effective April 27, 2026ASM International N.V. announced that Mr. Martin van den Brink has resigned as a member of ASM’s Supervisory Board with immediate effect. The resignation follows an assessment that Mr. Van den Brink’s other professional activities could, over time, give rise to overlapping interests. To avoid any such situation, or any appearance of it, arising in the future, the decision was taken by mutual understanding and agreement. Mr. Van den Brink was appointed to ASM’s Supervisory Board in May 2024. He played an important role in strengthening the Supervisory Board’s technology oversight, including through the establishment of the Technology Committee, and his deep industry knowledge and experience have been of great value to the company. Effective date: April 27, 2026.
공시 • Mar 05+ 3 more updatesASM International NV (ENXTAM:ASM) announces an Equity Buyback for €150 million worth of its shares.ASM International NV (ENXTAM:ASM) announces a share repurchase program. Under the program, the company will repurchase up to €150 million worth of it's shares. The repurchases will be funded from company's excess cash. The program will be valid for 2026/2027 period.
공시 • Jan 13+ 2 more updatesASM International NV to Report Q1, 2026 Results on Apr 21, 2026ASM International NV announced that they will report Q1, 2026 results at 6:00 PM, Central European Standard Time on Apr 21, 2026
Valuation Update With 7 Day Price Move • Jan 07Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €605, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 23x in the Semiconductor industry in Germany. Total returns to shareholders of 124% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €379 per share.
공시 • Dec 10ASM International Nv Announces Retirement of Pauline Van Der Meer Mohr as Supervisory Board ChairThe Supervisory Board (SB) of ASM International N.V. announced on December 8, 2025 that Supervisory Board Chair Ms. Pauline van der Meer Mohr has expressed her intention to retire as per the Annual General Meeting (AGM) 2027, while allowing for flexibility regarding her exact retirement date depending on the availability of a suitable successor. Ms. Van der Meer Mohr was elected as a member of the Supervisory Board on September 29, 2021, for a period of four years, and appointed Chair of the Supervisory Board per May 16, 2022. She was reappointed for a four-year term in May 2025.
공시 • Oct 30ASM International NV to Report Q4, 2025 Results on Mar 03, 2026ASM International NV announced that they will report Q4, 2025 results at 6:00 PM, Central European Standard Time on Mar 03, 2026
공시 • Oct 29ASM International NV Provides Revenue Guidance for the Fourth Quarter of 2025 and Full Year 2025 and 2026ASM International NV provided revenue guidance for the fourth quarter of 2025 and full year 2025 and 2026. For the fourth quarter 2025, the company expects revenue to be in a range of €630 to €660 million. For the full year 2025, the company continue to expect revenue growth at close to 10% at constant currencies. Despite a projected slow start in 2026, the company expects ASM revenue to grow in 2026.
공시 • Sep 23+ 1 more updateASM International NV Lowers Revenue Guidance for the Fourth Quarter and Full Year of 2025ASM International NV lowered revenue guidance for the fourth quarter and full year of 2025. The company anticipates fourth quarter revenue to be below earlier expectations. This is due to lower-than-expected demand in leading-edge logic/foundry, with a mixed picture per customer, as well as lower demand in the power/wafer/analog markets. For this reason, revenue in the second half of 2025 is expected to be 5%-10% lower compared to the first half of 2025 at constant currencies. The updated guidance for H2 2025 implies that revenue growth (at constant currencies) for the full year 2025 will be at the lower end of the previously guided range of 10%-20%.
공시 • Feb 26+ 3 more updatesASM International NV, Annual General Meeting, May 12, 2025ASM International NV, Annual General Meeting, May 12, 2025.
공시 • Jan 09+ 3 more updatesASM International NV to Report Q1, 2025 Results on Apr 29, 2025ASM International NV announced that they will report Q1, 2025 results at 6:00 PM, Central European Standard Time on Apr 29, 2025
공시 • Dec 04ASM International NV Reiterates Sales Guidance for the Fourth Quarter 2024, Second Half 2024 and Year 2025ASM International NV reiterated sales guidance for the fourth quarter 2024, second half 2024 and year 2025. For the year 2025, the company announced that On December 2, 2024, the U.S. government announced updated export regulations, including new restrictions on exports of semiconductor equipment applications to China. These regulations are largely in line with the company's previous assumptions. The company reiterate target for total ASM revenue of €3.2 billion - €3.6 billion in 2025, as communicated on October 29, 2024. For the fourth quarter, the company guidance is also unchanged for ASM total sales of €770 million - €810 million in fourth quarter 2024. For the second half 2024, the company sales in the second half of 2024 to increase by slightly more than 15% compared to the first half, in line with the company's third quarter earnings announcement on October 29, 2024.
Reported Earnings • Nov 01Third quarter 2024 earnings released: EPS: €2.61 (vs €2.63 in 3Q 2023)Third quarter 2024 results: EPS: €2.61 (down from €2.63 in 3Q 2023). Revenue: €778.6m (up 25% from 3Q 2023). Net income: €127.9m (down 1.3% from 3Q 2023). Profit margin: 16% (down from 21% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 7% per year.
공시 • Oct 30ASM International NV Provides Revenue Guidance for the Fourth Quarter of 2024ASM International NV provided revenue guidance for the fourth quarter of 2024. For the year, the company projects revenue of €770 million to €810 million.
공시 • Oct 01ASM International N.V. Launches PE2O8 Silicon Carbide Epitaxy SystemASM International N.V. introduced the PE2O8 silicon carbide epitaxy system, a new, dual chamber, platform for silicon carbide (SiC) epitaxy (Epi). Designed to address the needs of the advanced SiC power device segment, the PE2O8 is the benchmark epitaxy system for low defectivity, high process uniformity, all with higher throughput and low cost of ownership needed to enable broader adoption of SiC devices. Utilizing a unique design, the dual chamber PE2O8 system deposits SiC with ultra precise control, enabling benchmark higher yield and higher throughput. The highly compact, dual chamber design enables high productivity and low total costs of operation. Additionally, the system features an easy preventive maintenance approach helping to increase uptime and reduce the occurrence of unscheduled downtime. System deliveries have been ongoing to multiple customers globally, among them leaders in SiC power device manufacturing.
Reported Earnings • Jul 24Second quarter 2024 earnings released: EPS: €3.23 (vs €3.06 in 2Q 2023)Second quarter 2024 results: EPS: €3.23 (up from €3.06 in 2Q 2023). Revenue: €706.1m (up 5.5% from 2Q 2023). Net income: €159.0m (up 5.2% from 2Q 2023). Profit margin: 23% (in line with 2Q 2023). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth.
공시 • Jul 24ASM International NV Provides Revenue Guidance for the Third Quarter and Second Half of 2024ASM International NV provided revenue guidance for the third quarter and second half of 2024. The company expected revenue in the third quarter of 2024, at constant currencies, to be in a range of €740-780 million. The company projected revenue in the second half to increase around 15% compared to the level in the first half resulting in another growth year for ASM. The company continue to expect sales from China to drop in the second half compared to the exceptional level in the first half. This will however be more than offset by an expected strong increase in the second half in logic/foundry sales, mostly driven by rising GAA-related sales and an increase in memory sales, in particular for HBM DRAM.
공시 • May 23ASM International NV to Report Q3, 2024 Results on Oct 29, 2024ASM International NV announced that they will report Q3, 2024 results on Oct 29, 2024
공시 • May 15+ 2 more updatesASM International NV Announces Board ChangesASM International NV announced that at the AGM held on May 13, 2024, approved appointment of Ms. Micki as members of the Supervisory Board. Furthermore, the Supervisory Board appointed Hichem M’Saad as Chairman of the Management Board, succeeding Benjamin Loh.
Upcoming Dividend • May 09Upcoming dividend of €2.75 per shareEligible shareholders must have bought the stock before 15 May 2024. Payment date: 22 May 2024. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (1.0%).
Recent Insider Transactions • Apr 26President of the Management Board recently bought €2.0m worth of stockOn the 22nd of April, Gek Lim Loh bought around 4k shares on-market at roughly €520 per share. This transaction amounted to 72% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Gek Lim's only on-market trade for the last 12 months.
공시 • Apr 24+ 1 more updateASM International NV Proposes Regular Dividend PaymentASM International NV proposed a regular dividend of €2.75 per common share at its AGM to be held on May 13, 2024.
Reported Earnings • Apr 24First quarter 2024 earnings released: EPS: €3.52 (vs €7.71 in 1Q 2023)First quarter 2024 results: EPS: €3.52 (down from €7.71 in 1Q 2023). Revenue: €639.0m (down 10.0% from 1Q 2023). Net income: €173.1m (down 55% from 1Q 2023). Profit margin: 27% (down from 54% in 1Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Apr 22Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €517, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 13x in the Semiconductor industry in Germany. Total returns to shareholders of 107% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €347 per share.
Declared Dividend • Mar 25Dividend of €2.75 announcedShareholders will receive a dividend of €2.75. Ex-date: 15th May 2024 Payment date: 22nd May 2024 Dividend yield will be 0.5%, which is lower than the industry average of 1.1%. Payout Ratios Payout ratio: 18%. Cash payout ratio: 32%.
공시 • Feb 29+ 2 more updatesASM International NV to Report Q2, 2024 Results on Jul 23, 2024ASM International NV announced that they will report Q2, 2024 results at 6:00 PM, Central European Standard Time on Jul 23, 2024
Reported Earnings • Feb 28Full year 2023 earnings released: EPS: €15.26 (vs €7.97 in FY 2022)Full year 2023 results: EPS: €15.26 (up from €7.97 in FY 2022). Revenue: €2.63b (up 9.3% from FY 2022). Net income: €752.1m (up 93% from FY 2022). Profit margin: 28% (up from 16% in FY 2022). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth.
공시 • Feb 12ASM International NV Announces CEO Changes, Effective May 13, 2024ASM International N.V. announced that CEO Benjamin Loh will retire and step down as per the AGM on May 13, 2024. He will be succeeded by Hichem M’Saad, currently member of the Management Board and CTO.Benjamin Loh has informed the Supervisory Board of his wish to retire and his decision to step down as CEO as per the Annual General Meeting (AGM) of 2024. Benjamin has agreed to stay on as an advisor for a period of three months after his retirement to ensure a smooth transition. Benjamin joined ASM as CEO in 2020. Under his leadership, ASM’s growth-through-innovation strategy was launched, revenue more than doubled, significantly outperforming the wafer fab equipment market, and the company’s market capitalization tripled to more than €20 billion. He stepped up investments in the expansion of manufacturing and R&D infrastructure. Other highlights during Benjamin’s tenure include the two successful acquisitions in 2022, which further accelerated ASM’s growth. The Supervisory Board has decided to appoint Hichem M’Saad as ASM’s new CEO and Chairman of the Management Board as per the AGM on May 13, 2024. Hichem joined ASM in 2015 as the Senior Vice President and General Manager of the Thermal Products business unit. From 2019, he held the role of Executive Vice President and General Manager of Global Products, including responsibility for developing ASM’s ALD, Epi, VF, and PECVD products. Since 2022, Hichem has been member of the Management Board and Chief Technology Officer. He has been instrumental in several of ASM’s successful innovative products, including the Intrepid ES, Synergis, Previum, A400 DUO, and Sonora. Before joining ASM, he had a 15-year tenure with Applied Materials, including positions as Corporate VP and general manager of the Dielectric Systems and Modules (DSM) and the Chemical Mechanical Polishing (CMP) divisions. He also served as CEO of a start-up in the solar photovoltaic industry for six years.
공시 • Nov 10ASM International NV to Report Q4, 2023 Results on Feb 27, 2024ASM International NV announced that they will report Q4, 2023 results at 6:00 PM, Central European Standard Time on Feb 27, 2024
New Risk • Oct 27New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.7% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 0.7% per year for the foreseeable future. High level of non-cash earnings (24% accrual ratio).
공시 • Oct 26ASM International NV Provides Revenue Guidance for the Fourth Quarter of 2023ASM International NV provided revenue guidance for the fourth quarter of 2023. For the year, the company projects revenue of €600 to €640 million.
Reported Earnings • Oct 25Third quarter 2023 earnings released: EPS: €2.63 (vs €3.09 loss in 3Q 2022)Third quarter 2023 results: EPS: €2.63 (up from €3.09 loss in 3Q 2022). Revenue: €622.3m (up 2.1% from 3Q 2022). Net income: €129.6m (up €280.0m from 3Q 2022). Profit margin: 21% (up from net loss in 3Q 2022). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth.
공시 • Sep 26ASM International NV Provides Revenue Guidance for the Third Quarter of 2023, Second Half of 2023, 2025 and 2027ASM International NV provided revenue guidance for the third quarter of 2023, second half of 2023, 2025 and 2027. For the quarter, the company expected sales in a range of €580 million - €620 million. For the second half, the company expected sales are still projected to decrease by 10% or more compared to the first half of 2023, and the company continue to project a single-digit percentage increase in fiscal year 2023 sales including consolidation of LPE.For the 2025, the company's revenue target increased to €3.0 billion - €3.6 billion, up from the previous 2021 Investor Day target of €2.8 billion - €3.4 billion. For the 2027, the company's growth in revenue to €4.0 billion - €5.0 billion by 2027 (2022-2027 CAGR of 11%-16%).
New Risk • Jul 28New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.
Reported Earnings • Jul 26Second quarter 2023 earnings released: EPS: €3.06 (vs €3.30 in 2Q 2022)Second quarter 2023 results: EPS: €3.06 (down from €3.30 in 2Q 2022). Revenue: €669.1m (up 20% from 2Q 2022). Net income: €151.2m (down 5.8% from 2Q 2022). Profit margin: 23% (down from 29% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • May 31Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €404, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 16x in the Semiconductor industry in Germany. Total returns to shareholders of 257% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €231 per share.
공시 • May 17Asm International Nv Approves Regular Dividend for 2022ASM International NV at Annual General Meeting held on May 15, 2023 announced that the shareholders voted in favor of a regular dividend payment of €2.50 per common share.
Upcoming Dividend • May 10Upcoming dividend of €2.50 per share at 0.7% yieldEligible shareholders must have bought the stock before 17 May 2023. Payment date: 25 May 2023. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (1.1%).
Reported Earnings • Apr 26First quarter 2023 earnings released: EPS: €7.71 (vs €2.93 in 1Q 2022)First quarter 2023 results: EPS: €7.71 (up from €2.93 in 1Q 2022). Revenue: €710.0m (up 37% from 1Q 2022). Net income: €380.4m (up 167% from 1Q 2022). Profit margin: 54% (up from 28% in 1Q 2022). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth.
Recent Insider Transactions • Apr 24CTO & Member of the Management Board recently bought €2.0m worth of stockOn the 19th of April, Hichem M'Saad bought around 6k shares on-market at roughly €341 per share. This transaction amounted to 35% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €2.1m more in shares than they have sold in the last 12 months.
Reported Earnings • Mar 01Full year 2022 earnings released: EPS: €7.97 (vs €10.17 in FY 2021)Full year 2022 results: EPS: €7.97 (down from €10.17 in FY 2021). Revenue: €2.41b (up 39% from FY 2021). Net income: €389.1m (down 21% from FY 2021). Profit margin: 16% (down from 29% in FY 2021). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth.
공시 • Jan 18ASM International NV Revises Sales Guidance for the Fourth Quarter of 2022ASM International NV revised sales guidance for the fourth quarter of 2022. For the quarter, the company's sales increased to around €720 million mainly due to better-than-expected supply chain conditions and higher conversion of the backlog as a result thereof, exceeding the previous guidance of €630- €660 million.
Valuation Update With 7 Day Price Move • Jan 14Investor sentiment improved over the past weekAfter last week's 16% share price gain to €293, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 16x in the Semiconductor industry in Germany. Total returns to shareholders of 164% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €265 per share.
공시 • Jan 13+ 1 more updateASM International NV to Report Q3, 2023 Results on Oct 24, 2023ASM International NV announced that they will report Q3, 2023 results on Oct 24, 2023
Valuation Update With 7 Day Price Move • Dec 20Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to €245, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 15x in the Semiconductor industry in Germany. Total returns to shareholders of 147% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €289 per share.
Buying Opportunity • Nov 10Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 21%. The fair value is estimated to be €300, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 17%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings is also forecast to grow by 21% per annum over the same time period.
Valuation Update With 7 Day Price Move • Nov 01Investor sentiment deteriorated over the past weekAfter last week's 20% share price decline to €224, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 13x in the Semiconductor industry in Germany. Total returns to shareholders of 130% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €229 per share.
Reported Earnings • Oct 28Third quarter 2022 earnings released: €3.09 loss per share (vs €2.65 profit in 3Q 2021)Third quarter 2022 results: €3.09 loss per share (down from €2.65 profit in 3Q 2021). Revenue: €609.8m (up 41% from 3Q 2021). Net loss: €150.5m (down 217% from profit in 3Q 2021). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Oct 14Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €217, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 13x in the Semiconductor industry in Germany. Total returns to shareholders of 167% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €368 per share.
공시 • Oct 06ASM International NV to Report Q4, 2022 Results on Feb 28, 2023ASM International NV announced that they will report Q4, 2022 results on Feb 28, 2023
Valuation Update With 7 Day Price Move • Jul 27Investor sentiment improved over the past weekAfter last week's 15% share price gain to €272, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 15x in the Semiconductor industry in Germany. Total returns to shareholders of 282% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €450 per share.
Recent Insider Transactions • Jul 26CFO & Member of Management Board recently bought €70k worth of stockOn the 22nd of July, Paulus Antonius Henricus Verhagen bought around 250 shares on-market at roughly €279 per share. This was the largest purchase by an insider in the last 3 months. This was Paulus Antonius Henricus' only on-market trade for the last 12 months.
Reported Earnings • Jul 22Second quarter 2022 earnings released: EPS: €3.30 (vs €2.23 in 2Q 2021)Second quarter 2022 results: EPS: €3.30 (up from €2.23 in 2Q 2021). Revenue: €559.5m (up 36% from 2Q 2021). Net income: €160.4m (up 48% from 2Q 2021). Profit margin: 29% (up from 26% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 19%, compared to a 14% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Jul 05Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to €209, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 13x in the Semiconductor industry in Germany. Total returns to shareholders of 274% over the past three years.
Upcoming Dividend • May 11Upcoming dividend of €2.50 per shareEligible shareholders must have bought the stock before 18 May 2022. Payment date: 27 May 2022. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of German dividend payers (4.3%). Lower than average of industry peers (1.2%).
Reported Earnings • Apr 22First quarter 2022 earnings released: EPS: €2.93 (vs €2.52 in 1Q 2021)First quarter 2022 results: EPS: €2.93 (up from €2.52 in 1Q 2021). Revenue: €516.9m (up 31% from 1Q 2021). Net income: €142.5m (up 16% from 1Q 2021). Profit margin: 28% (down from 31% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 21%, compared to a 15% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 74% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Mar 19Investor sentiment improved over the past weekAfter last week's 16% share price gain to €327, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 20x in the Semiconductor industry in Germany. Total returns to shareholders of 615% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €449 per share.
Reported Earnings • Feb 24Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: €10.17 (up from €5.84 in FY 2020). Revenue: €1.73b (up 30% from FY 2020). Net income: €494.7m (up 73% from FY 2020). Profit margin: 29% (up from 22% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 23%, compared to a 16% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 77% per year, which means it is tracking significantly ahead of earnings growth.
Buying Opportunity • Feb 11Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 30%. The fair value is estimated to be €376, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% per annum over the last 3 years. Earnings per share has grown by 20% per annum over the last 3 years.
Valuation Update With 7 Day Price Move • Jan 25Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to €302, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 24x in the Semiconductor industry in Germany. Total returns to shareholders of 677% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €374 per share.
Reported Earnings • Oct 28Third quarter 2021 earnings released: EPS €2.65 (vs €1.19 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €432.9m (up 38% from 3Q 2020). Net income: €128.9m (up 122% from 3Q 2020). Profit margin: 30% (up from 19% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 114% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Sep 14Investor sentiment improved over the past weekAfter last week's 16% share price gain to €368, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 35x in the Semiconductor industry in Germany. Total returns to shareholders of 838% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €578 per share.
Reported Earnings • Sep 02Second quarter 2021 earnings released: EPS €2.23 (vs €1.51 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €411.7m (up 20% from 2Q 2020). Net income: €108.4m (up 46% from 2Q 2020). Profit margin: 26% (up from 22% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 95% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Jul 29Second quarter 2021 earnings released: EPS €2.23 (vs €1.51 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €411.7m (up 20% from 2Q 2020). Net income: €108.4m (up 46% from 2Q 2020). Profit margin: 26% (up from 22% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 84% per year, which means it is tracking significantly ahead of earnings growth.
Executive Departure • May 20Independent Chairman of the Supervisory Board Jan Lobbezoo has left the companyOn the 17th of May, Jan Lobbezoo's tenure as Independent Chairman of the Supervisory Board ended after 12.0 years in the role. We don't have any record of a personal shareholding under Jan's name. A total of 2 executives have left over the last 12 months.
Executive Departure • May 19CFO & Member of the Management Board has left the companyOn the 17th of May, Petrus Antonius van Bommel's tenure as CFO & Member of the Management Board ended after 10.9 years in the role. As of December 2020, Petrus Antonius personally held 26.18k shares (€4.7m worth at the time). Petrus Antonius is the only executive to leave the company over the last 12 months.
Upcoming Dividend • May 12Upcoming dividend of €2.00 per shareEligible shareholders must have bought the stock before 19 May 2021. Payment date: 27 May 2021. Trailing yield: 0.8%. Lower than top quartile of German dividend payers (3.2%). Higher than average of industry peers (0.6%).
Reported Earnings • Apr 24First quarter 2021 earnings released: EPS €2.52 (vs €1.52 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €394.0m (up 21% from 1Q 2020). Net income: €122.5m (up 65% from 1Q 2020). Profit margin: 31% (up from 23% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 71% per year, which means it is tracking significantly ahead of earnings growth.