BE Semiconductor Industries Valuation

Q: What is the Fair Price of BESV.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

BESV.F ($128) is trading above our estimate of [[fair value]] ($126.51)

Is BESV.F undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of BESV.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BESV.F ($128) is trading above our estimate of fair value ($126.51)

Significantly Below Fair Value: BESV.F is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BESV.F?

Key metric: As BESV.F is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for BESV.F. This is calculated by dividing BESV.F's market cap by their current earnings.
What is BESV.F's PE Ratio?
PE Ratio	55.6x
Earnings	€177.59m
Market Cap	€9.88b

BESV.F key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	15.9x
Enterprise Value/EBITDA	44.4x
PEG Ratio	1.8x

Price to Earnings Ratio vs Peers

How does BESV.F's PE Ratio compare to its peers?

The above table shows the PE ratio for BESV.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	64.6x
ENPH Enphase Energy	157.4x	46.0%	US$9.5b
ONTO Onto Innovation	45.5x	30.2%	US$8.1b
TER Teradyne	37.6x	21.7%	US$18.5b
AMKR Amkor Technology	17.7x	31.0%	US$6.4b
BESV.F BE Semiconductor Industries	55.6x	30.2%	US$9.9b

Price-To-Earnings vs Peers: BESV.F is good value based on its Price-To-Earnings Ratio (55.6x) compared to the peer average (64.6x).

Price to Earnings Ratio vs Industry

How does BESV.F's PE Ratio compare vs other companies in the US Semiconductor Industry?

3 Companies	Price / Earnings	Estimated Growth	Market Cap
TOYO TOYO	4.8x	n/a	US$161.39m
SQNS Sequans Communications	1.8x	-156.5%	US$84.73m
MMAT.Q Meta Materials	n/a	n/a	US$667.00

No more companies available in this PE range

3 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: BESV.F is expensive based on its Price-To-Earnings Ratio (55.6x) compared to the US Semiconductor industry average (31.3x).

Price to Earnings Ratio vs Fair Ratio

What is BESV.F's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BESV.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	55.6x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate BESV.F's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst BESV.F forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	US$128.00	US$142.98 +11.7%	16.7%	US$194.51	US$100.94	n/a	21
Nov ’25	US$110.56	US$146.49 +32.5%	16.7%	US$200.91	US$104.26	n/a	21
Oct ’25	US$122.75	US$162.38 +32.3%	16.7%	US$223.31	US$106.07	n/a	21
Sep ’25	n/a	US$168.44 0%	15.9%	US$221.70	US$119.72	n/a	20
Aug ’25	US$126.70	US$164.51 +29.8%	15.9%	US$215.82	US$116.54	n/a	20
Jul ’25	US$166.15	US$170.04 +2.3%	16.7%	US$230.41	US$115.74	n/a	20
Jun ’25	n/a	US$160.65 0%	13.6%	US$204.33	US$117.38	n/a	20
May ’25	US$148.55	US$158.87 +6.9%	14.2%	US$201.11	US$115.53	n/a	20
Apr ’25	n/a	US$166.82 0%	14.0%	US$208.94	US$116.92	n/a	20
Mar ’25	US$179.00	US$171.43 -4.2%	16.0%	US$216.73	US$117.04	n/a	20
Feb ’25	n/a	US$142.01 0%	18.4%	US$179.56	US$92.50	n/a	19
Jan ’25	n/a	US$134.50 0%	18.1%	US$164.65	US$93.30	n/a	17
Dec ’24	n/a	US$125.71 0%	16.9%	US$163.13	US$92.44	n/a	17
Nov ’24	n/a	US$114.96 0%	12.7%	US$132.08	US$89.81	US$110.56	15
Oct ’24	n/a	US$112.69 0%	16.9%	US$136.77	US$72.66	US$122.75	17
Sep ’24	n/a	US$114.99 0%	16.7%	US$139.78	US$74.26	n/a	17
Aug ’24	n/a	US$115.11 0%	17.4%	US$141.11	US$74.96	US$126.70	17
Jul ’24	n/a	US$112.09 0%	13.3%	US$139.12	US$89.12	US$166.15	15
Jun ’24	US$108.75	US$100.55 -7.5%	18.6%	US$136.80	US$74.81	n/a	12
May ’24	n/a	US$97.28 0%	11.9%	US$111.33	US$77.16	US$148.55	12
Apr ’24	US$88.80	US$86.80 -2.3%	11.4%	US$102.52	US$69.80	n/a	12
Mar ’24	n/a	US$80.56 0%	14.6%	US$99.17	US$58.02	US$179.00	11
Feb ’24	US$72.50	US$73.57 +1.5%	15.9%	US$101.84	US$59.59	n/a	11
Jan ’24	n/a	US$73.14 0%	15.5%	US$99.64	US$58.30	n/a	10
Dec ’23	n/a	US$67.87 0%	16.0%	US$90.10	US$50.06	n/a	10

Analyst Forecast: Target price is less than 20% higher than the current share price.