ASM International
Market Cap
€4.9b
Last Updated
2019/12/11 20:41 UTC
Data Sources
Company Financials +
Executive Summary
ASM International NV, together with its subsidiaries, engages in the research, development, manufacture, marketing, and servicing of equipment and materials used to produce semiconductor devices.
Rewards
Risk Analysis
Earnings are forecast to decline by an average of -9.2% per year for the next 3 years
Snowflake Analysis
Flawless balance sheet and slightly overvalued.
Similar Companies
Share Price & News
How has ASM International's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ASM has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
0%
ASM
4.1%
NL Semiconductor
0.9%
NL Market
1 Year Return
171.8%
ASM
60.1%
NL Semiconductor
13.2%
NL Market
Return vs Industry: ASM exceeded the Dutch Semiconductor industry which returned 60.1% over the past year.
Return vs Market: ASM exceeded the Dutch Market which returned 13.2% over the past year.
Shareholder returns
| ASM | Industry | Market | |
|---|---|---|---|
| 7 Day | 0% | 4.1% | 0.9% |
| 30 Day | -0.4% | 5.0% | -0.8% |
| 90 Day | 23.0% | 13.9% | 0.1% |
| 1 Year | 179.6%171.8% | 62.7%60.1% | 18.3%13.2% |
| 3 Year | 184.7%146.9% | 114.6%106.5% | 39.6%23.7% |
| 5 Year | 271.6%211.8% | 176.6%157.7% | 72.2%37.6% |
Price Volatility Vs. Market
How volatile is ASM International's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 days ago | Simply Wall St
Need To Know: ASM International NV (AMS:ASM) Insiders Have Been Buying Shares2 weeks ago | Simply Wall St
If You Had Bought ASM International (AMS:ASM) Shares Five Years Ago You'd Have Made 195%4 weeks ago | Simply Wall St
Is ASM International NV's (AMS:ASM) P/E Ratio Really That Good?Valuation
Is ASM International undervalued compared to its fair value and its price relative to the market?
18.61x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: ASM (€101) is trading above our estimate of fair value (€86.84)
Significantly Below Fair Value: ASM is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: ASM is good value based on its PE Ratio (18.6x) compared to the Semiconductor industry average (28.3x).
PE vs Market: ASM is good value based on its PE Ratio (18.6x) compared to the Dutch market (20.5x).
Price to Earnings Growth Ratio
PEG Ratio: ASM's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: ASM is overvalued based on its PB Ratio (2.7x) compared to the XE Semiconductor industry average (2.4x).
Next Steps
Future Growth
How is ASM International forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?
-9.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ASM's earnings are forecast to decline over the next 3 years (-9.2% per year).
Earnings vs Market: ASM's earnings are forecast to decline over the next 3 years (-9.2% per year).
High Growth Earnings: ASM's earnings are forecast to decline over the next 3 years.
Revenue vs Market: ASM's revenue (6.6% per year) is forecast to grow faster than the Dutch market (5.5% per year).
High Growth Revenue: ASM's revenue (6.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ASM's Return on Equity is forecast to be low in 3 years time (17.6%).
Next Steps
Past Performance
How has ASM International performed over the past 5 years?
25.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ASM has high quality earnings.
Growing Profit Margin: ASM's current net profit margins (23.6%) are lower than last year (44.4%).
Past Earnings Growth Analysis
Earnings Trend: ASM has become profitable over the past 5 years, growing earnings by 25.3% per year.
Accelerating Growth: ASM's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ASM had negative earnings growth (-19.6%) over the past year, making it difficult to compare to the Semiconductor industry average (-19.6%).
Return on Equity
High ROE: ASM's Return on Equity (14.2%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is ASM International's financial position?
Financial Position Analysis
Short Term Liabilities: ASM's short term assets (€955.2M) exceed its short term liabilities (€278.7M).
Long Term Liabilities: ASM's short term assets (€955.2M) exceed its long term liabilities (€30.2M).
Debt to Equity History and Analysis
Debt Level: ASM is debt free.
Reducing Debt: ASM had no debt 5 years ago.
Debt Coverage: ASM has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: ASM has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Inventory Level: ASM has a low level of unsold assets or inventory.
Debt Coverage by Assets: ASM's debt is not covered by short term assets (assets are -38.2x debt).
Next Steps
Dividend
What is ASM International's current dividend yield, its reliability and sustainability?
1.98%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: ASM's dividend (1.98%) isn’t notable compared to the bottom 25% of dividend payers in the Dutch market (2.18%).
High Dividend: ASM's dividend (1.98%) is low compared to the top 25% of dividend payers in the Dutch market (5.55%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, ASM has been paying a dividend for less than 10 years.
Growing Dividend: ASM's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (36.8%), ASM's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ASM's dividends in 3 years are forecast to be well covered by earnings (38.7% payout ratio).
Next Steps
Management
What is the CEO of ASM International's salary, the management and board of directors tenure and is there insider trading?
6.6yrs
Average management tenure
CEO
Chuck del Prado (58yo)
11.8yrs
Tenure
€2,260,000
Compensation
Mr. Charles Dean del Prado, also known as Chuck, has been the Chief Executive Officer and President at ASM International NV since March 1, 2008 and serves as its Chairman of the Management Board. Mr. del P ...
CEO Compensation Analysis
Compensation vs Market: Chuck's total compensation ($USD2.51M) is about average for companies of similar size in the Dutch market ($USD2.44M).
Compensation vs Earnings: Chuck's compensation has been consistent with company performance over the past year.
Management Age and Tenure
6.6yrs
Average Tenure
62yo
Average Age
Experienced Management: ASM's management team is seasoned and experienced (6.6 years average tenure).
Board Age and Tenure
6.4yrs
Average Tenure
61yo
Average Age
Experienced Board: ASM's board of directors are considered experienced (6.4 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Chief Financial Officer CFO & Member of the Management Board |
| Shares | 3,908 |
| Max Price | €54.13 |
| Entity | Individual |
| Role | Chief Executive Officer Chairman of the Management Board |
| Shares | 7,752 |
| Max Price | €54.13 |
| Entity | Individual |
| Role | Chief Financial Officer CFO & Member of the Management Board |
| Shares | 2,027 |
| Max Price | €54.13 |
| Entity | Individual |
| Role | Chief Executive Officer Chairman of the Management Board |
| Shares | 4,020 |
| Max Price | €54.13 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Ivo Raaijmakers (62yo)
CTO and Corporate VP R&D
- Tenure: 20.4yrs
Han Westendorp (63yo)
Vice President of Corporate Marketing
- Tenure: 3.9yrs
Chuck del Prado (58yo)
Chairman of the Management Board
- Tenure: 11.8yrs
- Compensation: €2.26m
Peter van Bommel (62yo)
CFO & Member of the Management Board
- Tenure: 9.3yrs
- Compensation: €1.25m
Ralph Otte
Corporate Vice President of Global Human Resources
- Tenure: 0yrs
Victor Bareño
Director of Investor Relations
- Tenure: 0yrs
Bruce Ragsdale
Vice President of Global Operations
- Tenure: 3.9yrs
YK Kim
Vice President of Global Sales & Service
- Tenure: 3.8yrs
Board Members
Ulrich H. Schumacher (61yo)
Member of Supervisory Board
- Tenure: 11.6yrs
Jan Lobbezoo (73yo)
Chairman of the Supervisory Board
- Tenure: 6.4yrs
Marc de Jong (58yo)
Member of Supervisory Board
- Tenure: 1.6yrs
Martin Cornelis van Pernis (74yo)
Member of Supervisory Board
- Tenure: 9.6yrs
Stefanie Kahle-Galonske (50yo)
Member of Supervisory Board
- Tenure: 2.6yrs
Company Information
ASM International NV's company bio, employee growth, exchange listings and data sources
Key Information
- Name: ASM International NV
- Ticker: ASM
- Exchange: ENXTAM
- Founded: 1968
- Industry: Semiconductor Equipment
- Sector: Semiconductors
- Market Cap: €4.945b
- Shares outstanding: 48.96m
- Website: https://www.asm.com
Number of Employees
Location
- ASM International NV
- Versterkerstraat 8
- Almere
- Flevoland
- 1322 AP
- Netherlands
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ASMI.Y | OTCPK (Pink Sheets LLC) | NY REGISTRY SHARES | US | USD | May 1981 | |
| AVSN | BST (Boerse-Stuttgart) | NY REGISTRY SHARES | DE | EUR | May 1981 | |
| AVS | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Dec 1996 |
| ASM | ENXTAM (Euronext Amsterdam) | Yes | Common Shares | NL | EUR | Dec 1996 |
| 0NX3 | LSE (London Stock Exchange) | Yes | Common Shares | GB | EUR | Dec 1996 |
| ASMA | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Common Shares | GB | EUR | Dec 1996 |
| AVS | BRSE (Berne Stock Exchange) | Yes | Common Shares | CH | CHF | Dec 1996 |
| ASMX.F | OTCPK (Pink Sheets LLC) | Yes | Common Shares | US | USD | Dec 1996 |
Biography
ASM International NV, together with its subsidiaries, engages in the research, development, manufacture, marketing, and servicing of equipment and materials used to produce semiconductor devices. The compa ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/11 20:41 |
| End of Day Share Price | 2019/12/11 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.