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Asm International (ASMIY)
:ASMIY
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ASM International
(OTC:ASMIY)
Rating:83Outperform
Price Target:
$653.00
â–²(13.45%Upside)
ASM International (ASMIY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$27.47B
Dividend Yield0.5%
Average Volume (3M)3.33K
Price to Earnings (P/E)53.4
Beta (1Y)1.55
Revenue Growth20.95%
EPS Growth-11.46%
CountryUS
Employees4,558
SectorTechnology
Sector Strength83
IndustrySemiconductors
Share Statistics
EPS (TTM)4.42
Shares Outstanding49,328,550
10 Day Avg. Volume0
30 Day Avg. Volume3,334
Financial Highlights & Ratios
PEG Ratio-1.55
Price to Book (P/B)6.04
Price to Sales (P/S)0.00
P/FCF Ratio30.13
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$561.00Price Target Upside-2.54% Downside
Rating ConsensusHold
Number of Analyst Covering0
ASM International Business Overview & Revenue Model
Company DescriptionASM International (ASMIY) is a global company specializing in the design, manufacturing, and sale of equipment and process solutions for the semiconductor industry. Headquartered in the Netherlands, ASMIY operates primarily in the wafer processing equipment sector, focusing on advanced deposition technologies. Its core products include atomic layer deposition (ALD) and epitaxy systems, which are crucial for the production of semiconductor devices used in a wide range of electronic products.
How the Company Makes MoneyASM International makes money primarily through the sale of its advanced semiconductor equipment and related services. The company's revenue model revolves around providing cutting-edge deposition solutions to semiconductor manufacturers, who integrate these systems into their production lines to enhance device performance and efficiency. Key revenue streams include the sale of new equipment, spare parts, and service contracts. ASMIY has established significant partnerships with leading semiconductor manufacturers worldwide, which helps drive demand for its technology. The company's earnings are also influenced by the cyclical nature of the semiconductor industry and technological advancements that necessitate new equipment purchases.
ASM International Earnings Call Summary
Earnings Call Date:Apr 29, 2025
(Q1-2025)
| % Change Since: 18.83%|
Next Earnings Date:Jul 22, 2025
Earnings Call Sentiment Neutral
The call highlighted strong revenue growth, improved margins, and increased order intake, indicating a positive business performance. However, concerns were raised about the impairment of ASMPT stake, currency translation losses, and challenges in the power analog wafer segment, alongside global market uncertainties due to tariffs.Q1-2025 Updates
Positive Updates
Strong Revenue Growth
Revenue in Q1 2025 amounted to €839 million, above the midpoint of the guidance range, representing a 26% increase year-on-year at constant currencies.
Gross Margin Improvement
Gross margin increased to 53.4% in Q1 2025 from 50.3% in Q4 2024 and 52.9% in Q1 2024, driven by a favorable product mix and cost reduction programs.
Growth in Equipment and Service Sales
Equipment sales increased by 25% and spares and service sales rose by 32% at constant currencies.
Solid Free Cash Flow
Free cash flow reached €264 million in Q1 2025, up from €62 million in Q1 2024, supported by improved profitability and reduced working capital.
Increasing Order Intake
New orders increased to €834 million, up 14% at constant currencies compared to the first quarter of last year.
Negative Updates
Impairment of ASMPT Stake
Reported net results in Q1 2025 included an impairment of €215 million on ASMPT stake due to reduced market valuation.
Currency Translation Loss
A currency translation loss of €40 million was recorded, compared to gains in previous quarters.
Decline in Power Analog Wafer Segment
Sales in the power analog wafer segment were down year-on-year and compared to Q4 2024.
Uncertainty in Global Market Conditions
Global uncertainty has increased due to recent tariff announcements, potentially impacting the microeconomic environment.
Company Guidance
During ASM's Q1 2025 earnings call, they reported revenues of €839 million, surpassing their guidance midpoint of €810 million to €850 million, with constant currency revenue increasing 26% year-on-year. Equipment sales rose 25%, driven by Atomic Layer Deposition (ALD) and Epitaxy (Epi), while spares and services grew 32%. Gross margin improved to 53.4%, up from 50.3% in Q4 2024, attributed to a favorable product mix and cost reduction efforts. Operating profit increased by 41% year-on-year, with SG&A expenses decreasing to 9.1% of total revenue. The company maintained a strong cash position of over €1.1 billion, with order intake rising to €834 million, up 14% year-on-year. ASM anticipates 10% to 20% revenue growth for 2025, contingent on opportunities in power analog and HBM DRAM segments materializing.ASM International Financial Statement Overview
Summary
ASM International exhibits strong financial health across its income statement, balance sheet, and cash flow. The company benefits from consistent revenue growth, high profitability margins, low leverage, and effective cash flow management, positioning it well for future growth in the competitive semiconductor industry. Potential risks are minimal given the low debt levels and strong equity base.Income Statement
ASM International shows strong financial performance with increasing revenue and profitability. The Gross Profit Margin stands robust at approximately 50.5% for 2024, reflecting efficient production and pricing strategies. Net Profit Margin is healthy at 23.4%, indicating solid bottom-line profitability. Revenue growth from 2023 to 2024 is notable at 11.3%, showcasing solid business expansion. EBIT and EBITDA Margins are commendable at 27.3% and 33.8%, respectively, highlighting operational efficiency and effective cost management.92
Very Positive
Balance Sheet
The company's balance sheet reflects financial stability with a very low Debt-to-Equity Ratio of 0.006, indicating minimal leverage and low financial risk. The Return on Equity (ROE) is a strong 18.3%, showcasing effective use of shareholder capital to generate profits. The Equity Ratio is high at 72.6%, suggesting a solid equity base and low reliance on debt financing.88
Very Positive
Cash Flow
ASM International demonstrates strong cash flow management with a Free Cash Flow Growth Rate of 27.4% from 2023 to 2024, indicating robust cash generation capabilities. The Operating Cash Flow to Net Income Ratio of 1.31 reflects efficient conversion of income into cash. The Free Cash Flow to Net Income Ratio is 0.78, demonstrating good cash retention after capital expenditures.85
Very Positive
| Breakdown | |||||
| TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 3.13B | 2.93B | 2.63B | 2.41B | 1.73B | 1.33B | Gross Profit |
| 1.59B | 1.48B | 1.27B | 1.14B | 828.13M | 623.57M | EBIT |
| 881.22M | 802.13M | 653.74M | 632.43M | 491.46M | 327.14M | EBITDA |
| 1.09B | 990.54M | 834.57M | 846.86M | 694.92M | 425.11M | Net Income Common Stockholders |
| 483.77M | 685.73M | 752.07M | 389.11M | 494.71M | 285.40M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 1.14B | 926.00M | 637.26M | 419.31M | 491.51M | 435.23M | Total Assets |
| 5.14B | 5.16B | 4.23B | 3.75B | 2.71B | 2.23B | Total Debt |
| 0.00 | 35.26M | 33.56M | 28.12M | 23.46M | 6.22M | Net Debt |
| -1.14B | -890.74M | -603.21M | -391.19M | -468.05M | -429.01M | Total Liabilities |
| 1.48B | 1.41B | 999.92M | 1.00B | 469.33M | 375.21M | Stockholders Equity |
| 3.66B | 3.75B | 3.23B | 2.75B | 2.24B | 1.85B |
| Cash Flow | Free Cash Flow | ||||
| 733.79M | 532.92M | 418.18M | 333.01M | 223.79M | 101.56M | Operating Cash Flow |
| 1.10B | 897.65M | 735.89M | 541.49M | 380.64M | 264.35M | Investing Cash Flow |
| -352.30M | -349.97M | -289.04M | -474.88M | -114.40M | -144.31M | Financing Cash Flow |
| -302.27M | -301.03M | -236.05M | -132.60M | -240.26M | -170.45M |
ASM International Technical Analysis
Positive
575.60
Price Trends
491.98
Positive
522.40
Positive
555.76
Positive
Market Momentum
18.34
Negative
66.29
Neutral
95.66
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ASMIY, the sentiment is Positive. The current price of 575.6 is above the 20-day moving average (MA) of 547.54, above the 50-day MA of 491.98, and above the 200-day MA of 555.76, indicating a bullish trend. The MACD of 18.34 indicates Negative momentum. The RSI at 66.29 is Neutral, neither overbought nor oversold. The STOCH value of 95.66 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ASMIY.
ASM International Peers Comparison
Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | $27.47B | 53.38 | 13.65% | 0.50% | 20.95% | -11.46% | |
81 Outperform | $131.76B | 19.98 | 36.37% | 1.01% | 6.12% | -5.66% | |
79 Outperform | $108.61B | 23.65 | 53.14% | 1.05% | 20.33% | 31.89% | |
78 Outperform | $291.35B | 31.49 | 55.21% | 0.79% | 16.46% | 21.29% | |
74 Outperform | $104.72B | 28.78 | 104.10% | 0.85% | 20.44% | 44.14% | |
70 Outperform | $20.25B | 19.67 | 11.47% | 2.37% | 1.32% | 4.86% | |
62 Neutral | $11.72B | 10.43 | -7.10% | 2.91% | 7.41% | -7.94% |
* Technology Sector Average
Performance Comparison
ASMIY
ASM International
575.60
-163.26
-22.10%
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9.70
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ASML
ASML Holding
753.02
-280.65
-27.15%
KLAC
KLA
808.00
20.94
2.66%
LRCX
Lam Research
86.35
-12.86
-12.96%
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.