ASM International
Market Cap
€7.0b
Last Updated
2020/07/14 20:54 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.
Snowflake Analysis
Flawless balance sheet with solid track record.
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's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
0.7%
ASM
0.7%
NL Semiconductor
-0.07%
NL Market
1 Year Return
140.6%
ASM
55.6%
NL Semiconductor
-11.6%
NL Market
Return vs Industry: ASM exceeded the Dutch Semiconductor industry which returned 61.7% over the past year.
Return vs Market: ASM exceeded the Dutch Market which returned -10.6% over the past year.
Shareholder returns
| ASM | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.7% | 0.7% | -0.07% |
| 30 Day | 23.5% | 11.2% | 5.2% |
| 90 Day | 57.2% | 35.0% | 16.5% |
| 1 Year | 147.8%140.6% | 61.0%55.6% | -8.8%-11.6% |
| 3 Year | 216.5%172.7% | 87.4%73.3% | 8.5%-2.6% |
| 5 Year | 300.6%234.4% | 166.5%139.6% | 25.6%2.1% |
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
What Is The Ownership Structure Like For ASM International NV (AMS:ASM)?1 month ago | Simply Wall St
Are Robust Financials Driving The Recent Rally In ASM International NV's (AMS:ASM) Stock?1 month ago | Simply Wall St
Here's What ASM International NV's (AMS:ASM) P/E Ratio Is Telling UsValuation
Is ASM International undervalued compared to its fair value and its price relative to the market?
20.13x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: ASM (€144.4) is trading above our estimate of fair value (€95.46)
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 (20.1x) compared to the XE Semiconductor industry average (32.2x).
PE vs Market: ASM is poor value based on its PE Ratio (20.1x) compared to the Dutch market (16.9x).
Price to Earnings Growth Ratio
PEG Ratio: ASM is poor value based on its PEG Ratio (1.5x)
Price to Book Ratio
PB vs Industry: ASM is overvalued based on its PB Ratio (3.7x) 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?
13.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ASM's forecast earnings growth (13% per year) is above the savings rate (0.4%).
Earnings vs Market: ASM's earnings (13% per year) are forecast to grow slower than the Dutch market (21.5% per year).
High Growth Earnings: ASM's earnings are forecast to grow, but not significantly.
Revenue vs Market: ASM's revenue (11.2% per year) is forecast to grow faster than the Dutch market (7.1% per year).
High Growth Revenue: ASM's revenue (11.2% 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 (17.9%).
Next Steps
Past Performance
How has ASM International performed over the past 5 years?
17.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ASM has high quality earnings.
Growing Profit Margin: ASM's current net profit margins (26%) are higher than last year (21.1%).
Past Earnings Growth Analysis
Earnings Trend: ASM's earnings have grown by 17.1% per year over the past 5 years.
Accelerating Growth: ASM's earnings growth over the past year (83.9%) exceeds its 5-year average (17.1% per year).
Earnings vs Industry: ASM earnings growth over the past year (83.9%) exceeded the Semiconductor industry -20.9%.
Return on Equity
High ROE: ASM's Return on Equity (18.5%) is considered low.
Next Steps
Financial Health
How is ASM International's financial position?
Financial Position Analysis
Short Term Liabilities: ASM's short term assets (€968.2M) exceed its short term liabilities (€314.6M).
Long Term Liabilities: ASM's short term assets (€968.2M) exceed its long term liabilities (€34.7M).
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
Next Steps
Dividend
What is ASM International current dividend yield, its reliability and sustainability?
1.04%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ASM's dividend (1.04%) isn’t notable compared to the bottom 25% of dividend payers in the Dutch market (2.19%).
High Dividend: ASM's dividend (1.04%) is low compared to the top 25% of dividend payers in the Dutch market (6.38%).
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?
4.5yrs
Average management tenure
CEO
Benjamin Loh (56yo)
0.17
Tenure
Mr. Gek Lim Loh also known as Benjamin serves as Non-Executive Director at ASM Pacific Technology Limited since May 19, 2020. He serves as Member of the Management Board at ASM International NV since May 1 ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CFO & Member of the Management Board | 9.83yrs | €1.54m | 0.054% €3.8m | |
| Chairman of the Management Board | 0.17yr | no data | no data | |
| Vice President of Global Operations | 4.5yrs | no data | no data | |
| CTO and Corporate VP R&D | 21yrs | no data | no data | |
| Director of Investor Relations | no data | no data | no data | |
| Vice President of Corporate Marketing | 4.5yrs | no data | no data | |
| Vice President of Global Sales & Service | 4.42yrs | no data | no data | |
| Corporate Vice President of Global Human Resources | no data | no data | no data |
4.5yrs
Average Tenure
63yo
Average Age
Experienced Management: ASM's management team is considered experienced (4.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Chairman of the Supervisory Board | 7yrs | €84.00k | no data | |
| Member of Supervisory Board | 0.17yr | no data | no data | |
| Independent Member of Supervisory Board | 2.17yrs | €58.00k | 0.0083% €584.8k | |
| Independent Member of Supervisory Board | 10.17yrs | €59.00k | no data | |
| Independent Member of Supervisory Board | 3.17yrs | €60.00k | no data | |
| Member of Supervisory Board | 0.17yr | no data | no data |
2.7yrs
Average Tenure
60yo
Average Age
Experienced Board: ASM's board of directors are not considered experienced ( 2.7 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: ASM insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
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: €7.046b
- Shares outstanding: 48.79m
- 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 |
| 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 company operates through two segments, Front-end and Back-end. The Front-end segment manufactures and sells equipment used in wafer processing, encompassing the fabrication steps in which silicon wafers are layered with semiconductor devices in Europe, the United States, Japan, South Korea, and Southeast Asia. The Back-end segment manufactures and sells equipment and materials that are used in the assembly and packaging, encompassing the processes in which silicon wafers are separated into individual circuits and assembled, packaged, and tested in Hong Kong, the People’s Republic of China, Singapore, Malaysia, and Germany. The company’s products include wafer processing deposition systems for single-wafer atomic layer deposition, plasma enhanced chemical vapor deposition, epitaxy, and batch diffusion/furnace systems. It serves manufacturers of semiconductor devices and integrated circuits. The company was formerly known as Advanced Semiconductor Materials International NV. ASM International NV was founded in 1968 and is headquartered in Almere, the Netherlands.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/07/14 20:54 |
| End of Day Share Price | 2020/07/14 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2019/12/31 |
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.