| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 4/6 |
| Past Performance | 4/6 |
| Financial Health | 6/6 |
| Dividends | 0/6 |
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.
Rewards
Risk Analysis
No risks detected for ASM from our risk checks.
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
| ASM | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.4% | -0.4% | -0.9% |
| 30 Day | 19.1% | 9.6% | 3.7% |
| 90 Day | 40.7% | 25.1% | 5.6% |
| 1 Year | 211.1%208.5% | 108.7%107.4% | 39.5%37.7% |
| 3 Year | 801.3%752.2% | 226.7%206.0% | 48.0%34.9% |
| 5 Year | 1,083.7%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
1 week ago | Simply Wall St
Calculating The Intrinsic Value Of ASM International NV (AMS:ASM)3 weeks ago | Simply Wall St
Is ASM International NV (AMS:ASM) Popular Amongst Institutions?1 month ago | Simply Wall St
Do ASM International's (AMS:ASM) Earnings Warrant Your Attention?ASM International Fundamentals Summary
| ASM fundamental statistics | |
|---|---|
| Market Cap | €17.62b |
| Earnings (TTM) | €368.08m |
| Revenue (TTM) | €1.47b |
47.9x
P/E Ratio12.0x
P/S RatioIs ASM overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 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 Margin | 48.17% |
| Net Profit Margin | 25.09% |
| Debt/Equity Ratio | 0% |
How did ASM perform over the long term?
See historical performance and comparisonDividends
0.5%
Current Dividend Yield26%
Payout RatioValuation
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/09/18 17:48 |
| End of Day Share Price | 2021/09/17 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.