Financials ASM International N.V.

Equities

ASM

NL0000334118

Semiconductor Equipment & Testing

Market Closed - Euronext Amsterdam 11:35:16 2024-04-26 am EDT 5-day change 1st Jan Change
623.8 EUR +7.26% Intraday chart for ASM International N.V. +19.27% +32.74%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 4,872 8,764 18,954 11,485 23,117 30,700 - -
Enterprise Value (EV) 1 4,374 8,329 18,479 11,085 22,503 29,868 29,563 29,032
P/E ratio 15.2 x 31.1 x 38.4 x 29.7 x 31 x 45.9 x 34.6 x 28 x
Yield 1.5% 1.11% 0.64% 1.06% 0.59% 0.53% 0.65% 0.73%
Capitalization / Revenue 3.79 x 6.6 x 11 x 4.76 x 8.78 x 10.8 x 8.59 x 7.37 x
EV / Revenue 3.41 x 6.27 x 10.7 x 4.6 x 8.54 x 10.5 x 8.28 x 6.97 x
EV / EBITDA 9.57 x 20.5 x 31.5 x 14.7 x 27 x 31.9 x 24.2 x 19.6 x
EV / FCF 9.94 x 48.6 x 59.9 x 25.2 x 38.7 x 73.3 x 39.1 x 28.8 x
FCF Yield 10.1% 2.06% 1.67% 3.97% 2.59% 1.36% 2.56% 3.47%
Price to Book 2.72 x 4.73 x 8.42 x 4.23 x 7.17 x 8.37 x 7.18 x 6.08 x
Nbr of stocks (in thousands) 48,649 48,703 48,763 48,740 49,191 49,214 - -
Reference price 2 100.2 180.0 388.7 235.6 470.0 623.8 623.8 623.8
Announcement Date 2/25/20 2/25/21 2/22/22 2/28/23 2/27/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,284 1,328 1,730 2,411 2,634 2,844 3,572 4,163
EBITDA 1 457 405.4 587 754.9 834.6 935 1,223 1,482
EBIT 1 378.7 327.1 491.5 632.4 699.5 768.6 1,024 1,267
Operating Margin 29.5% 24.63% 28.41% 26.23% 26.55% 27.03% 28.68% 30.43%
Earnings before Tax (EBT) 1 382.7 334.1 597.3 505 866.5 856.8 1,107 1,349
Net income 1 329 285.4 494.7 389.1 752.1 668.8 879.9 1,070
Net margin 25.62% 21.49% 28.6% 16.14% 28.55% 23.52% 24.63% 25.71%
EPS 2 6.580 5.780 10.11 7.930 15.18 13.60 18.04 22.30
Free Cash Flow 1 440.2 171.3 308.4 440.3 581.8 407.6 756.5 1,007
FCF margin 34.29% 12.9% 17.83% 18.26% 22.08% 14.33% 21.18% 24.18%
FCF Conversion (EBITDA) 96.32% 42.24% 52.55% 58.33% 69.71% 43.6% 61.86% 67.93%
FCF Conversion (Net income) 133.8% 60.01% 62.35% 113.16% 77.36% 60.95% 85.98% 94.06%
Dividend per Share 2 1.500 2.000 2.500 2.500 2.750 3.319 4.079 4.566
Announcement Date 2/25/20 2/25/21 2/22/22 2/28/23 2/27/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 491.3 516.9 559.5 609.8 724.8 710 669.1 622.3 632.9 639 685.7 735.1 805.3 837.7 896
EBITDA 1 158 168.5 174.7 191.5 220.2 263 214.5 190.9 183.3 233.4 229.8 234.7 264.8 282 341.3
EBIT 1 131.3 143 147.6 159.9 181.9 204.2 170.7 157.2 141 191.8 183.9 191.7 218.5 231.6 268.6
Operating Margin 26.72% 27.66% 26.38% 26.22% 25.1% 28.76% 25.51% 25.26% 22.28% 30.02% 26.82% 26.07% 27.13% 27.64% 29.97%
Earnings before Tax (EBT) 1 160.1 172.1 197.6 -119.7 254.9 417.8 187.7 151.5 109.5 219.1 205.4 206.4 229.1 256 263
Net income 1 134.9 142.5 160.4 -150.5 236.6 380.4 151.2 129.6 90.94 173.1 158.7 152.9 170.7 204.5 217.4
Net margin 27.45% 27.57% 28.67% -24.68% 32.65% 53.57% 22.6% 20.83% 14.37% 27.09% 23.14% 20.8% 21.2% 24.41% 24.26%
EPS 2 2.760 2.920 3.280 -3.090 4.770 7.670 3.040 2.620 1.840 3.500 3.203 3.312 3.787 4.184 4.488
Dividend per Share 2 - - - - - - - - 2.750 - 2.289 - - - 3.921
Announcement Date 2/22/22 4/20/22 7/20/22 10/25/22 2/28/23 4/25/23 7/25/23 10/24/23 2/27/24 4/23/24 - - - - -
1EUR in Million2EUR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 498 435 476 401 615 832 1,136 1,668
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 440 171 308 440 582 408 757 1,007
ROE (net income / shareholders' equity) 19% 15.5% 24.2% 15.6% 19.5% 19.3% 21.7% 23.2%
ROA (Net income/ Total Assets) 16.4% 13% 20% 12% 14.6% 14% 15.7% 16.7%
Assets 1 2,012 2,203 2,471 3,231 5,144 4,778 5,597 6,427
Book Value Per Share 2 36.90 38.10 46.20 55.70 65.60 74.50 86.90 103.0
Cash Flow per Share 2 9.780 5.360 7.780 11.00 14.80 16.40 20.80 24.90
Capex 1 48.7 93.1 72.2 101 154 177 187 191
Capex / Sales 3.79% 7.01% 4.17% 4.2% 5.85% 6.23% 5.23% 4.59%
Announcement Date 2/25/20 2/25/21 2/22/22 2/28/23 2/27/24 - - -
1EUR in Million2EUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
20
Last Close Price
623.8 EUR
Average target price
622.6 EUR
Spread / Average Target
-0.19%
Consensus
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