OTCPK:ASMI.Y

Stock Analysis Report

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

Fundamentals

Flawless balance sheet and fair value.

Risks

  • ASM International has significant price volatility in the past 3 months.

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


Market Performance


7 Day Return

2.0%

ASMI.Y

-2.4%

US Semiconductor

-0.6%

US Market


1 Year Return

83.2%

ASMI.Y

7.5%

US Semiconductor

0.7%

US Market

ASMI.Y outperformed the Semiconductor industry which returned 7.5% over the past year.

ASMI.Y outperformed the Market in United States of America which returned 0.7% over the past year.


Share holder returns

ASMI.YIndustryMarket
7 Day2.0%-2.4%-0.6%
30 Day9.7%8.0%4.9%
90 Day47.3%10.1%1.7%
1 Year86.2%83.2%9.6%7.5%3.0%0.7%
3 Year155.8%125.5%80.1%69.5%44.8%35.4%
5 Year196.0%153.7%119.5%97.2%62.0%44.3%

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

No news available

Valuation

Is ASM International undervalued based on future cash flows and its price relative to the stock market?

16.64x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

ASM International's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

ASM International's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

ASM International is good value based on earnings compared to the US Semiconductor industry average.

ASM International is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

ASM International earnings are not expected to grow next year, we can't assess if its growth is good value.


Price Based on Value of Assets

ASM International is good value based on assets compared to the US Semiconductor industry average.


Next Steps

Future Growth

How is ASM International expected to perform in the next 1 to 3 years based on estimates from 14 analysts?

-7.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

ASM International's revenue is expected to grow by 5.4% yearly, however this is not considered high growth (20% yearly).

ASM International's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.

ASM International's revenue growth is positive but not above the United States of America market average.

ASM International's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.

ASM International's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

ASM International is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has ASM International performed over the past 5 years?

34.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

ASM International has delivered over 20% year on year earnings growth in the past 5 years.

ASM International's 1-year earnings growth is negative, it can't be compared to the 5-year average.

ASM International's 1-year earnings growth is negative, it can't be compared to the US Semiconductor industry average.


Return on Equity

ASM International has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

ASM International used its assets more efficiently than the US Semiconductor industry average last year based on Return on Assets.


Return on Capital Employed

ASM International has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is ASM International's financial position?


Financial Position Analysis

ASM International is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

ASM International's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

ASM International has no debt.

ASM International currently has no debt however we can't compare to 5 years ago as we have no data for that period.

ASM International has no debt, it does not need to be covered by operating cash flow.

ASM International has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Low level of unsold assets.

ASM International has no debt, it does not need to be covered by short term assets.


Next Steps

Dividend

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

1.54%

Expected Dividend Yield


Dividend Yield and Payments Analysis

ASM International's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).

ASM International's dividend is below the markets top 25% of dividend payers in United States of America (3.71%).

Whilst dividend payments have been stable, ASM International has been paying a dividend for less than 10 years.

Dividend payments have increased, but ASM International only paid a dividend in the past 8 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (5.1x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (3.3x coverage).


Next Steps

Management

What is the CEO of ASM International's salary, the management and board of directors tenure and is there insider trading?

6.3yrs

Average management tenure


CEO

Chuck del Prado (58yo)

11.5yrs

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

Chuck's remuneration is lower than average for companies of similar size in United States of America.

Chuck's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

6.3yrs

Average Tenure

62yo

Average Age

The average tenure for the ASM International management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

6.2yrs

Average Tenure

61yo

Average Age

The tenure for the ASM International board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Ivo Raaijmakers (62yo)

    CTO and Corporate VP R&D

    • Tenure: 20.2yrs
  • Han Westendorp (63yo)

    Vice President of Corporate Marketing

    • Tenure: 3.7yrs
  • Chuck del Prado (58yo)

    Chairman of the Management Board

    • Tenure: 11.5yrs
    • Compensation: €2.26m
  • Peter van Bommel (62yo)

    CFO & Member of the Management Board

    • Tenure: 9yrs
    • 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: 3.7yrs
  • YK Kim

    Vice President of Global Sales & Service

    • Tenure: 3.6yrs

Board Members

  • Ulrich H. Schumacher (61yo)

    Member of Supervisory Board

    • Tenure: 11.3yrs
  • Jan Lobbezoo (73yo)

    Chairman of the Supervisory Board

    • Tenure: 6.2yrs
  • Marc de Jong (58yo)

    Member of Supervisory Board

    • Tenure: 1.3yrs
  • Martin C. van Pernis (74yo)

    Member of Supervisory Board

    • Tenure: 9.3yrs
  • Stefanie Kahle-Galonske (50yo)

    Member of Supervisory Board

    • Tenure: 2.3yrs

Company Information

ASM International NV's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: ASM International NV
  • Ticker: ASMI.Y
  • Exchange: OTCPK
  • Founded: 1968
  • Industry: Semiconductor Equipment
  • Sector: Semiconductors
  • Market Cap: €4.195b
  • Listing Market Cap: €4.616b
  • Shares outstanding: 49.53m
  • Website: https://www.asm.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ASMI.YOTCPK (Pink Sheets LLC)NY REGISTRY SHARESUSUSDMay 1981
AVSNBST (Boerse-Stuttgart)NY REGISTRY SHARESDEEURMay 1981
AVSDB (Deutsche Boerse AG)YesCommon SharesDEEURDec 1996
ASMENXTAM (Euronext Amsterdam)YesCommon SharesNLEURDec 1996
0NX3LSE (London Stock Exchange)YesCommon SharesGBEURDec 1996
ASMABATS-CHIXE (BATS 'Chi-X Europe')YesCommon SharesGBEURDec 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/22 23:40
End of Day Share Price2019/09/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.