BE Semiconductor Industries N.V.'s (AMS:BESI) P/E Still Appears To Be Reasonable
Jan 15
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Dutch (AEX) Tech Sector Analysis
UpdatedJan 21, 2025
DataAggregated Company Financials
Companies11
- 7D5.2%
- 3M13.7%
- 1Y6.7%
- YTD8.5%
Over the last 7 days, the Tech industry has risen 5.2%, driven by gains from ASML Holding of 5.1%. This takes the industry's 12 month performance to a gain of 6.7%. Earnings are forecast to grow by 17% annually.
Sector Valuation and Performance
Has the Dutch Tech Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 22 Jan 2025 | €337.7b | €30.9b | €7.6b | 40x | 44.3x | 10.9x |
| Fri, 20 Dec 2024 | €310.4b | €30.9b | €7.6b | 38.1x | 40.7x | 10.1x |
| Sun, 17 Nov 2024 | €285.1b | €30.9b | €7.6b | 35.4x | 37.4x | 9.2x |
| Tue, 15 Oct 2024 | €341.6b | €29.9b | €7.4b | 41.6x | 46x | 11.4x |
| Thu, 12 Sep 2024 | €311.2b | €29.9b | €7.4b | 40x | 41.9x | 10.4x |
| Sat, 10 Aug 2024 | €346.5b | €29.9b | €7.4b | 44.2x | 46.7x | 11.6x |
| Mon, 08 Jul 2024 | €440.1b | €30.5b | €7.8b | 51.2x | 56.6x | 14.4x |
| Wed, 05 Jun 2024 | €386.8b | €30.5b | €7.8b | 48.2x | 49.8x | 12.7x |
| Fri, 03 May 2024 | €358.4b | €30.5b | €7.8b | 44.9x | 46.1x | 11.7x |
| Sun, 31 Mar 2024 | €392.3b | €32.3b | €8.7b | 40.9x | 44.9x | 12.2x |
| Tue, 27 Feb 2024 | €385.7b | €32.4b | €8.9b | 28x | 43.5x | 11.9x |
| Thu, 25 Jan 2024 | €343.0b | €32.2b | €8.6b | 21.8x | 39.8x | 10.6x |
| Sat, 23 Dec 2023 | €306.1b | €32.3b | €8.6b | 21.8x | 35.5x | 9.5x |
| Mon, 20 Nov 2023 | €282.6b | €32.3b | €8.6b | 21.2x | 32.8x | 8.8x |
| Wed, 18 Oct 2023 | €252.9b | €31.4b | €7.9b | 20.2x | 32.1x | 8.1x |
| Fri, 15 Sep 2023 | €260.4b | €31.4b | €7.9b | 22.3x | 33.1x | 8.3x |
| Sun, 13 Aug 2023 | €271.5b | €31.4b | €7.9b | 22.1x | 34.5x | 8.6x |
| Tue, 11 Jul 2023 | €283.7b | €29.8b | €7.6b | 23.3x | 37.1x | 9.5x |
| Thu, 08 Jun 2023 | €292.5b | €29.8b | €7.6b | 23.9x | 38.3x | 9.8x |
| Sat, 06 May 2023 | €257.1b | €29.8b | €7.6b | 21.2x | 33.7x | 8.6x |
| Mon, 03 Apr 2023 | €273.9b | €26.4b | €6.1b | 22.5x | 44.6x | 10.4x |
| Wed, 01 Mar 2023 | €298.3b | €37.0b | €6.7b | 24x | 44.4x | 8.1x |
| Fri, 27 Jan 2023 | €314.0b | €35.5b | €6.7b | 20.6x | 47x | 8.9x |
| Sun, 25 Dec 2022 | €267.0b | €34.0b | €6.6b | 19.3x | 40.2x | 7.8x |
| Tue, 22 Nov 2022 | €293.1b | €34.0b | €6.6b | 18.7x | 44.1x | 8.6x |
| Thu, 20 Oct 2022 | €234.9b | €33.4b | €7.0b | 18.7x | 33.6x | 7x |
| Sat, 17 Sep 2022 | €246.6b | €33.3b | €7.0b | 19.4x | 35.3x | 7.4x |
| Mon, 15 Aug 2022 | €301.0b | €31.8b | €6.9b | 19.7x | 43.7x | 9.5x |
| Wed, 13 Jul 2022 | €238.1b | €30.2b | €6.5b | 20x | 36.5x | 7.9x |
| Fri, 10 Jun 2022 | €275.5b | €30.2b | €6.5b | 20.8x | 42.2x | 9.1x |
| Sun, 08 May 2022 | €276.3b | €30.2b | €6.5b | 21.3x | 42.3x | 9.1x |
| Tue, 05 Apr 2022 | €334.2b | €30.9b | €7.1b | 22.5x | 46.9x | 10.8x |
| Thu, 03 Mar 2022 | €313.6b | €30.1b | €7.3b | 20.8x | 42.8x | 10.4x |
| Sat, 29 Jan 2022 | €307.6b | €28.5b | €7.1b | 21.8x | 43.1x | 10.8x |
Price to Earnings Ratio
43.1x
Current Industry PE
- Investors are optimistic on the Dutch Information Technology industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 44.3x which is higher than its 3-year average PE of 41.1x.
- The 3-year average PS ratio of 9.8x is lower than the industry's current PS ratio of 10.9x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have grown 2.2% per year over the last three years.
- Revenues for these companies have grown 2.7% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Dutch Tech sector?
| NL Market | 4.42% | |
| Tech | 5.16% | |
| Electronic Equipment and Components | 6.16% | |
| Semiconductors | 5.19% | |
| Communications | 0% | 0 |
| Tech Hardware | 0% | 0 |
| IT | -0.25% | |
| Software | -1.05% | |
Industry PE
- Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 38.9x.
- Analysts are expecting annual earnings growth of 17.0%, which is higher than its past year's earnings decline of 8.9% per year.
Forecasted Growth
- Analysts are most optimistic on the Software industry, expecting annual earnings growth of 111% over the next 5 years.
- In contrast, the Electronic Equipment and Components industry is expected to see its earnings grow by 13% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| ASML ASML Holding | €732.40 | 2.8% +€7.7b | 3.6% | PE41.6x | |
| ASM ASM International | €614.20 | 3.3% +€960.2m | 19.8% | PE54.6x | |
| BESI BE Semiconductor Industries | €143.95 | 3.3% +€370.7m | 0.1% | PE64.6x | |
| TOM2 TomTom | €5.56 | 1.2% +€8.0m | -13.5% | PS1.2x | |
| NEDAP Nedap | €58.20 | 1.4% +€5.2m | -8.2% | PE22x |
