ASM

ASM InternationalENXTAM:ASM Stock Report

Market Cap

€17.6b

7D

0.4%

1Y

208.5%

Updated

18 Sep, 2021

Data

Company Financials +
ASM fundamental analysis
Snowflake Score
Valuation1/6
Future Growth4/6
Past Performance4/6
Financial Health6/6
Dividends0/6

ASM Overview

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.

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 is not significantly more volatile than the rest of Dutch stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: ASM's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

0.4%

ASM

-0.4%

NL Semiconductor

-0.9%

NL Market


1 Year Return

208.5%

ASM

107.4%

NL Semiconductor

37.7%

NL Market

Return vs Industry: ASM exceeded the Dutch Semiconductor industry which returned 107.4% over the past year.

Return vs Market: ASM exceeded the Dutch Market which returned 37.7% over the past year.


Shareholder returns

ASMIndustryMarket
7 Day0.4%-0.4%-0.9%
30 Day19.1%9.6%3.7%
90 Day40.7%25.1%5.6%
1 Year211.1%208.5%108.7%107.4%39.5%37.7%
3 Year801.3%752.2%226.7%206.0%48.0%34.9%
5 Year1,083.7%898.6%402.2%352.0%93.5%63.2%

Long-Term 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

ASM International Fundamentals Summary

How do ASM International's earnings and revenue compare to its market cap?
ASM fundamental statistics
Market Cap€17.62b
Earnings (TTM)€368.08m
Revenue (TTM)€1.47b

47.9x

P/E Ratio

12.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ASM income statement (TTM)
Revenue€1.47b
Cost of Revenue€760.29m
Gross Profit€706.59m
Expenses€338.52m
Earnings€368.08m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Oct 26, 2021

Earnings per share (EPS)7.55
Gross Margin48.17%
Net Profit Margin25.09%
Debt/Equity Ratio0%

How did ASM perform over the long term?

See historical performance and comparison

Dividends

0.5%

Current Dividend Yield

26%

Payout Ratio

Valuation

Is ASM International undervalued compared to its fair value and its price relative to the market?

11.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ASM (€367.4) is trading below our estimate of fair value (€412.82)

Significantly Below Fair Value: ASM is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: ASM is poor value based on its PE Ratio (47.9x) compared to the European Semiconductor industry average (46.4x).

PE vs Market: ASM is poor value based on its PE Ratio (47.9x) compared to the Dutch market (22.2x).


Price to Earnings Growth Ratio

PEG Ratio: ASM is poor value based on its PEG Ratio (3.2x)


Price to Book Ratio

PB vs Industry: ASM is overvalued based on its PB Ratio (8.9x) compared to the XE Semiconductor industry average (5x).


Future Growth

How is ASM International forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

15.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ASM's forecast earnings growth (15.1% per year) is above the savings rate (0.1%).

Earnings vs Market: ASM's earnings (15.1% per year) are forecast to grow faster than the Dutch market (12.1% per year).

High Growth Earnings: ASM's earnings are forecast to grow, but not significantly.

Revenue vs Market: ASM's revenue (13.9% per year) is forecast to grow faster than the Dutch market (9.1% per year).

High Growth Revenue: ASM's revenue (13.9% 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 high in 3 years time (24.3%)


Past Performance

How has ASM International performed over the past 5 years?

11.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ASM has high quality earnings.

Growing Profit Margin: ASM's current net profit margins (25.1%) are higher than last year (22.9%).


Past Earnings Growth Analysis

Earnings Trend: ASM's earnings have grown by 11.9% per year over the past 5 years.

Accelerating Growth: ASM's earnings growth over the past year (20.2%) exceeds its 5-year average (11.9% per year).

Earnings vs Industry: ASM earnings growth over the past year (20.2%) underperformed the Semiconductor industry 64.3%.


Return on Equity

High ROE: ASM's Return on Equity (18.5%) is considered low.


Financial Health

How is ASM International's financial position?


Financial Position Analysis

Short Term Liabilities: ASM's short term assets (€1.0B) exceed its short term liabilities (€347.9M).

Long Term Liabilities: ASM's short term assets (€1.0B) exceed its long term liabilities (€46.2M).


Debt to Equity History and Analysis

Debt Level: ASM is debt free.

Reducing Debt: ASM has not had any debt for past 5 years.

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


Dividend

What is ASM International current dividend yield, its reliability and sustainability?

0.54%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ASM's dividend (0.54%) isn’t notable compared to the bottom 25% of dividend payers in the Dutch market (1.38%).

High Dividend: ASM's dividend (0.54%) is low compared to the top 25% of dividend payers in the Dutch market (4.54%).


Stability and Growth of Payments

Stable Dividend: ASM is not paying a notable dividend for the Dutch market, therefore no need to check if payments are stable.

Growing Dividend: ASM is not paying a notable dividend for the Dutch market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: ASM is not paying a notable dividend for the Dutch market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ASM's dividend in 3 years as they are not forecast to pay a notable one for the Dutch market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.6yrs

Average management tenure


CEO

Benjamin Loh (57 yo)

1.33yrs

Tenure

€1,326,730

Compensation

Mr. Gek Lim Loh, also known as Benjamin, serves as President of the Management Board, President & CEO at ASM International NV since May 18, 2020. Mr. Loh has been Non-Executive Director at ASM Pacific Tech...


CEO Compensation Analysis

Compensation vs Market: Benjamin's total compensation ($USD1.56M) is below average for companies of similar size in the Dutch market ($USD3.03M).

Compensation vs Earnings: Insufficient data to compare Benjamin's compensation with company performance.


Leadership Team

Experienced Management: ASM's management team is seasoned and experienced (5.6 years average tenure).


Board Members

Experienced Board: ASM's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

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: €17.620b
  • Shares outstanding: 47.96m
  • Website: https://www.asm.com

Number of Employees


Location

  • ASM International NV
  • Versterkerstraat 8
  • Almere
  • Flevoland
  • 1322 AP
  • Netherlands

Listings


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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/18 17:48
End of Day Share Price2021/09/17 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.