BE Semiconductor Industries
Market Cap
€2.4b
Last Updated
2019/11/11 20:36 UTC
Data Sources
Company Financials +
Executive Summary
BE Semiconductor Industries N.V. develops, manufactures, markets, sells, and services semiconductor assembly equipment for the semiconductor and electronics industries worldwide.
Snowflake
Fundamentals
High growth potential with adequate balance sheet.
Similar Companies
Share Price & News
How has BE Semiconductor Industries's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BESI's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-0.9%
BESI
-0.1%
NL Semiconductor
1.7%
NL Market
1 Year Return
80.0%
BESI
51.7%
NL Semiconductor
9.0%
NL Market
Return vs Industry: BESI exceeded the Dutch Semiconductor industry which returned 51.7% over the past year.
Return vs Market: BESI exceeded the Dutch Market which returned 9% over the past year.
Shareholder returns
| BESI | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.9% | -0.1% | 1.7% |
| 30 Day | 8.0% | 5.4% | 1.7% |
| 90 Day | 29.3% | 22.2% | 7.2% |
| 1 Year | 91.6%80.0% | 54.2%51.7% | 13.9%9.0% |
| 3 Year | 165.9%122.7% | 115.9%107.3% | 48.2%32.0% |
| 5 Year | 448.0%312.3% | 163.0%144.5% | 66.5%33.7% |
Price Volatility Vs. Market
How volatile is BE Semiconductor Industries's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 days ago | Simply Wall St
How Does BE Semiconductor Industries N.V. (AMS:BESI) Fare As A Dividend Stock?1 week ago | Simply Wall St
Do Institutions Own BE Semiconductor Industries N.V. (AMS:BESI) Shares?3 weeks ago | Simply Wall St
BE Semiconductor Industries (AMS:BESI) Seems To Use Debt Quite SensiblyValuation
Is BE Semiconductor Industries undervalued compared to its fair value and its price relative to the market?
34.43x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: BESI (€33.13) is trading above our estimate of fair value (€22.5)
Significantly Below Fair Value: BESI is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: BESI is poor value based on its PE Ratio (34.4x) compared to the Semiconductor industry average (26.9x).
PE vs Market: BESI is poor value based on its PE Ratio (34.4x) compared to the Dutch market (20.5x).
Price to Earnings Growth Ratio
PEG Ratio: BESI is poor value based on its PEG Ratio (1.2x)
Price to Book Ratio
PB vs Industry: BESI is overvalued based on its PB Ratio (8.9x) compared to the XE Semiconductor industry average (2.3x).
Next Steps
Future Growth
How is BE Semiconductor Industries forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
29.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BESI's forecast earnings growth (29% per year) is above the savings rate (0.4%).
Earnings vs Market: BESI's earnings (29% per year) are forecast to grow faster than the Dutch market (11.7% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: BESI's revenue (16.8% per year) is forecast to grow faster than the Dutch market (5.3% per year).
High Growth Revenue: BESI's revenue (16.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BESI's Return on Equity is forecast to be very high in 3 years time (60%).
Next Steps
Past Performance
How has BE Semiconductor Industries performed over the past 5 years?
18.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BESI has high quality earnings.
Growing Profit Margin: BESI's current net profit margins (19.7%) are lower than last year (26.8%).
Past Earnings Growth Analysis
Earnings Trend: BESI's earnings have grown by 18% per year over the past 5 years.
Accelerating Growth: BESI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: BESI had negative earnings growth (-55.2%) over the past year, making it difficult to compare to the Semiconductor industry average (-17.8%).
Return on Equity
High ROE: Whilst BESI's Return on Equity (25.97%) is high, this metric is skewed due to their high level of debt.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is BE Semiconductor Industries's financial position?
Financial Position Analysis
Short Term Liabilities: BESI's short term assets (€535.2M) exceeds its short term liabilities (€90.5M)
Long Term Liabilities: BESI's short term assets (535.2M) exceeds its long term liabilities (310.9M)
Debt to Equity History and Analysis
Debt Level: BESI's debt to equity ratio (101%) is considered high
Reducing Debt: BESI's debt to equity ratio has increased from 5.9% to 101% over the past 5 years.
Debt Coverage: BESI's debt is well covered by operating cash flow (51.4%).
Interest Coverage: BESI's interest payments on its debt are well covered by EBIT (9.3x coverage).
Balance Sheet
Inventory Level: BESI has a low level of unsold assets or inventory.
Debt Coverage by Assets: BESI's debt is covered by short term assets (assets are 2x debt).
Next Steps
Dividend
What is BE Semiconductor Industries's current dividend yield, its reliability and sustainability?
5.04%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: BESI's dividend (5.04%) is higher than the bottom 25% of dividend payers in the Dutch market (2.14%).
High Dividend: BESI's dividend (5.04%) is low compared to the top 25% of dividend payers in the Dutch market (5.56%).
Stability and Growth of Payments
Stable Dividend: BESI has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: BESI's dividend payments have increased, but the company has only paid a dividend for 8 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (173.6%), BESI's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BESI's dividends in 3 years are forecast to be covered by earnings (86.7% payout ratio).
Next Steps
Management
What is the CEO of BE Semiconductor Industries's salary, the management and board of directors tenure and is there insider trading?
3.7yrs
Average management tenure
CEO
Richard Blickman (65yo)
24yrs
Tenure
€6,808,460
Compensation
Mr. Richard W. Blickman has been the Chairman of Management Board and Chief Executive Officer at BE Semiconductor Industries N.V., since November 1995 and served as its President since November 1995 until ...
CEO Compensation Analysis
Compensation vs Market: Richard's total compensation ($USD7.51M) is above average for companies of similar size in the Dutch market ($USD2.37M).
Compensation vs Earnings: Richard's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Management Age and Tenure
3.7yrs
Average Tenure
56yo
Average Age
Experienced Management: BESI's management team is considered experienced (3.7 years average tenure).
Board Age and Tenure
1.5yrs
Average Tenure
63yo
Average Age
Experienced Board: BESI's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.
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 Executive Officer Chairman of Management Board & CEO |
| Shares | 100,000 |
| Max Price | €22.46 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Hans Wunderl (68yo)
Senior Vice President of Strategic Development
- Tenure: 0yrs
Richard Blickman (65yo)
Chairman of Management Board & CEO
- Tenure: 24yrs
- Compensation: €6.81m
René Hendriks (58yo)
Senior Vice President of Sales - North America & Europe
- Tenure: 0yrs
J. te Hennepe (61yo)
Senior Vice President of Finance
- Tenure: 0yrs
J. Park (54yo)
Senior Vice President of Sales & Customer Support - APAC
- Tenure: 0yrs
Henk-Jan Poerink (49yo)
Senior Vice President of Global Operations
- Tenure: 0yrs
Ruurd Boomsma (63yo)
Chief Technology Officer of Besi
- Tenure: 5.8yrs
Jeroen Kleijburg (45yo)
Senior Vice President of Packaging
- Tenure: 0yrs
Christoph Scheiring (49yo)
Senior Vice President of Die Attach
- Tenure: 1.6yrs
René Betschart (46yo)
Senior Vice President of Besi Products for Asia
- Tenure: 1.6yrs
Board Members
Carlo Bozotti (67yo)
Member of Supervisory Board
- Tenure: 1.3yrs
Doug Dunn (75yo)
Vice Chairman of Supervisory Board
- Tenure: 0yrs
Niek Hoek (63yo)
Member of Supervisory Board
- Tenure: 1.6yrs
Mona ElNaggar (52yo)
Member of Supervisory Board
- Tenure: 7.6yrs
Lodewijk van den Bergh (56yo)
Chairman of the Supervisory Board
- Tenure: 0.8yrs
Company Information
BE Semiconductor Industries N.V.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: BE Semiconductor Industries N.V.
- Ticker: BESI
- Exchange: ENXTAM
- Founded: 1995
- Industry: Semiconductor Equipment
- Sector: Semiconductors
- Market Cap: €2.402b
- Shares outstanding: 72.49m
- Website: https://www.besi.com
Number of Employees
Location
- BE Semiconductor Industries N.V.
- Ratio 6
- Duiven
- Gelderland
- 6921 RW
- Netherlands
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BESI.Y | OTCPK (Pink Sheets LLC) | NY REGSTRY SHS | US | USD | Dec 1995 | |
| BESI | ENXTAM (Euronext Amsterdam) | Yes | Ordinary Shares | NL | EUR | Dec 1995 |
| 0XVE | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | EUR | Dec 1995 |
| BSI | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Dec 1995 |
| BESIA | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | EUR | Dec 1995 |
| BESV.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Dec 1995 |
| BSI | DB (Deutsche Boerse AG) | EUR0.01 | DE | EUR | May 2018 | |
| BESI | ENXTAM (Euronext Amsterdam) | EUR0.01 | NL | EUR | May 2018 |
Biography
BE Semiconductor Industries N.V. develops, manufactures, markets, sells, and services semiconductor assembly equipment for the semiconductor and electronics industries worldwide. The company’s principal pr ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/11/11 20:36 |
| End of Day Share Price | 2019/11/11 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.