ASMPT Limited

DB:AY7A Stock Report

Market Cap: €3.9b

ASMPT Valuation

Is AY7A undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of AY7A when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: AY7A (€8.95) is trading below our estimate of fair value (€17.96)

Significantly Below Fair Value: AY7A is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for AY7A?

Key metric: As AY7A is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for AY7A. This is calculated by dividing AY7A's market cap by their current earnings.
What is AY7A's PE Ratio?
PE Ratio76.9x
EarningsHK$416.23m
Market CapHK$32.02b

Price to Earnings Ratio vs Peers

How does AY7A's PE Ratio compare to its peers?

The above table shows the PE ratio for AY7A vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average14x
WAF Siltronic
14.9x-15.1%€1.4b
AIXA AIXTRON
13.4x6.2%€1.5b
SMHN SÜSS MicroTec
21.8x-3.4%€935.7m
S92 SMA Solar Technology
5.9x28.8%€474.0m
AY7A ASMPT
76.9x45.4%€32.0b

Price-To-Earnings vs Peers: AY7A is expensive based on its Price-To-Earnings Ratio (76.9x) compared to the peer average (14x).

Price to Earnings Ratio vs Industry

How does AY7A's PE Ratio compare vs other companies in the European Semiconductor Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
AY7A 76.9xIndustry Avg. 14.8xNo. of Companies7PE01632486480+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: AY7A is expensive based on its Price-To-Earnings Ratio (76.9x) compared to the European Semiconductor industry average (14.8x).

Price to Earnings Ratio vs Fair Ratio

What is AY7A's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

AY7A PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio76.9x
Fair PE Ratio34.5x

Price-To-Earnings vs Fair Ratio: AY7A is expensive based on its Price-To-Earnings Ratio (76.9x) compared to the estimated Fair Price-To-Earnings Ratio (34.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst AY7A forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€8.95
€12.85
+43.6%
17.3%€18.39€8.95n/a19
Nov ’25€9.65
€12.46
+29.1%
15.7%€17.80€8.66n/a18
Oct ’25€10.50
€12.55
+19.6%
16.8%€17.33€9.01n/a20
Sep ’25€9.75
€12.87
+32.0%
15.6%€17.53€9.35n/a20
Aug ’25€9.15
€13.34
+45.7%
14.4%€17.76€9.47n/a20
Jul ’25€12.40
€14.34
+15.6%
12.4%€17.98€10.79n/a19
Jun ’25€10.60
€14.10
+33.0%
12.4%€17.70€10.62n/a19
May ’25€11.30
€13.93
+23.3%
15.6%€17.86€8.10n/a20
Apr ’25€11.30
€12.27
+8.5%
19.9%€15.62€7.36n/a18
Mar ’25€11.00
€11.80
+7.3%
18.6%€15.32€7.39n/a17
Feb ’25€9.05
€10.06
+11.2%
14.8%€12.71€7.37n/a18
Jan ’25€8.20
€9.93
+21.1%
14.5%€12.71€7.37n/a18
Dec ’24€8.90
€9.85
+10.7%
13.6%€12.70€7.37n/a18
Nov ’24€7.65
€10.10
+32.0%
14.0%€13.06€7.58€9.6517
Oct ’24€8.10
€10.44
+28.9%
10.8%€13.43€8.75€10.5017
Sep ’24€9.10
€10.22
+12.3%
10.4%€13.13€8.55€9.7518
Aug ’24€8.30
€10.12
+21.9%
9.4%€12.24€8.51€9.1518
Jul ’24€9.00
€9.46
+5.1%
15.9%€12.27€7.01€12.4018
Jun ’24€7.70
€9.52
+23.6%
16.5%€12.52€7.16€10.6018
May ’24€7.40
€9.05
+22.2%
19.3%€12.19€5.34€11.3019
Apr ’24€8.75
€9.45
+8.1%
20.9%€13.43€5.37€11.3018
Mar ’24€8.65
€9.19
+6.2%
26.2%€13.74€4.42€11.0019
Feb ’24€8.40
€7.55
-10.1%
24.2%€11.03€4.30€9.0520
Jan ’24€6.45
€7.99
+23.8%
24.5%€11.68€4.55€8.2021
Dec ’23€6.85
€7.99
+16.6%
24.5%€11.68€4.55€8.9021
Nov ’23€5.65
€8.23
+45.6%
25.2%€12.25€4.77€7.6521

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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