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Asm International (ASMIY)
:ASMIY
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ASM International
(OTC:ASMIY)
Rating:70Outperform
Price Target:
$583.00
▲(21.69% Upside)
ASM International (ASMIY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$23.50B
Dividend Yield0.7%
Average Volume (3M)365.00
Price to Earnings (P/E)40.5
Beta (1Y)1.42
Revenue Growth26.25%
EPS Growth-2.65%
CountryUS
Employees4,558
SectorTechnology
Sector Strength92
IndustrySemiconductors
Share Statistics
EPS (TTM)4.11
Shares Outstanding49,328,550
10 Day Avg. Volume465
30 Day Avg. Volume365
Financial Highlights & Ratios
PEG Ratio-4.94
Price to Book (P/B)7.20
Price to Sales (P/S)9.20
P/FCF Ratio50.63
Enterprise Value/Market Cap1.29
Enterprise Value/Revenue9.28
Enterprise Value/Gross Profit18.10
Enterprise Value/Ebitda25.61
Forecast
1Y Price Target
$583.00Price Target Upside21.69% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
ASM International Business Overview & Revenue Model
Company DescriptionASM International NV, together with its subsidiaries, engages in the research, development, manufacture, marketing, and servicing of equipment and materials that are used to produce semiconductor devices in the United States, Europe, and Asia. Its products include wafer processing deposition systems for single-wafer atomic layer deposition, plasma enhanced chemical vapor deposition, epitaxy, and batch diffusion/furnace systems, as well as provides spare parts and support services. The company also manufactures and sells equipment, which is used in wafer processing, encompassing the fabrication steps in which silicon wafers are layered with semiconductor devices. It serves manufacturers of semiconductor devices and integrated circuits. The company was formerly known as Advanced Semiconductor Materials International NV. ASM International NV was incorporated in 1968 and is headquartered in Almere, the Netherlands.
How the Company Makes MoneyASM International generates revenue through the sale and service of its advanced semiconductor equipment to semiconductor manufacturers worldwide. The company's primary revenue streams include the sale of new equipment, spare parts, and maintenance services. ASMIY's key customers are leading semiconductor device manufacturers who utilize its deposition technology to enhance the performance and efficiency of their semiconductor products. Additionally, the company benefits from strategic partnerships and collaborations with these manufacturers, which often lead to long-term agreements and recurring revenue from service contracts. Factors such as the continuous demand for smaller, more efficient semiconductor devices and advancements in technology drive the demand for ASMIY's products, contributing significantly to its earnings.
ASM International Earnings Call Summary
Earnings Call Date:Jul 22, 2025
(Q2-2025)
| % Change Since: -21.57%|
Next Earnings Date:Oct 28, 2025
Earnings Call Sentiment Neutral
The earnings call highlights strong revenue growth, increased equipment sales, and a robust gross margin. However, these positives are tempered by a decline in order intake, challenges in the memory segment, and uncertain conditions in China. The overall sentiment is balanced, with significant achievements offset by notable challenges.Q2-2025 Updates
Positive Updates
Strong Revenue Growth
Revenue in the second quarter of 2025 amounted to EUR 836 million, up 23% year-on-year at constant currency, and 7% compared to the first quarter, surpassing the guidance range.
Increase in Equipment Sales
Equipment sales increased 25% year-on-year at constant currency, led by ALD followed by epi.
Gross Margin Performance
Gross margin in the second quarter came in at a strong level of 51.8%, up from 49.8% in the second quarter of last year.
Operating Profit Growth
Operating profit increased by roughly 40% year-on-year, adjusted for one-off SG&A expenses from the previous year.
Negative Updates
Decline in Order Intake
New orders amounted to EUR 702 million, a decrease of 10% compared to the first quarter and a decrease of 4% compared to the second quarter of last year at constant currency.
Soft Conditions in Memory Segment
Memory sales decreased year-on-year, with sales in the power/analog and wafer segment continuing to be under pressure and down year-on-year.
Challenges in China
Sales in China were higher than the second half of 2024 but below the exceptionally high level in the first half of 2024. China bookings were expected to be lower in the second half of 2025.
Company Guidance
In the ASM Second Quarter 2025 Earnings Call, the company reported a revenue of EUR 836 million, which marked a 23% year-on-year increase at constant currency, outperforming their guidance of a 1% to 6% increase. Equipment sales rose by 25% year-on-year, driven primarily by ALD and epi, while spares and services sales increased by 17% at constant currency. The gross margin for the quarter stood at 51.8%, down from 53.4% in the previous quarter but up from 49.8% in the same quarter last year. Despite this, the full-year 2025 gross margin is expected to remain in the upper range of 46% to 50%. Operating profit rose by approximately 40% year-on-year, and net R&D expenses increased by 18% year-on-year. ASM's order intake was EUR 702 million, representing a 10% decrease compared to Q1 2025. The company anticipates a flat to slightly lower revenue in Q3 2025 and projects full-year revenue growth at constant currencies to be around the midpoint of their 10% to 20% guidance range.ASM International Financial Statement Overview
Summary
ASM International exhibits strong financial health with consistent revenue growth, high profitability margins, low leverage, and effective cash flow management. The company is well-positioned for future growth with minimal financial risks.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 | 3.26B | 2.93B | 2.63B | 2.41B | 1.73B | 1.33B |
| Gross Profit | 1.67B | 1.48B | 1.27B | 1.14B | 828.13M | 623.57M |
| EBITDA | 1.18B | 990.54M | 834.57M | 846.86M | 694.92M | 425.11M |
| Net Income | 527.15M | 685.73M | 752.07M | 389.11M | 494.71M | 285.40M |
Balance Sheet | ||||||
| Total Assets | 5.04B | 5.16B | 4.23B | 3.75B | 2.71B | 2.23B |
| Cash, Cash Equivalents and Short-Term Investments | 1.04B | 926.00M | 637.26M | 419.31M | 491.51M | 435.23M |
| Total Debt | 0.00 | 35.26M | 33.56M | 28.12M | 23.46M | 6.22M |
| Total Liabilities | 1.47B | 1.41B | 999.92M | 1.00B | 469.33M | 375.21M |
| Stockholders Equity | 3.57B | 3.75B | 3.23B | 2.75B | 2.24B | 1.85B |
Cash Flow | ||||||
| Free Cash Flow | 754.20M | 532.92M | 418.18M | 333.01M | 223.79M | 101.56M |
| Operating Cash Flow | 1.14B | 897.65M | 735.89M | 541.49M | 380.64M | 264.35M |
| Investing Cash Flow | -373.25M | -349.97M | -289.04M | -474.88M | -114.40M | -144.31M |
| Financing Cash Flow | -297.61M | -301.03M | -236.05M | -132.60M | -240.26M | -170.45M |
ASM International Technical Analysis
Negative
479.07
Price Trends
576.75
Negative
527.76
Negative
545.12
Negative
Market Momentum
-30.11
Positive
28.23
Positive
1.90
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ASMIY, the sentiment is Negative. The current price of 479.07 is below the 20-day moving average (MA) of 554.14, below the 50-day MA of 576.75, and below the 200-day MA of 545.12, indicating a bearish trend. The MACD of -30.11 indicates Positive momentum. The RSI at 28.23 is Positive, neither overbought nor oversold. The STOCH value of 1.90 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ASMIY.
ASM International Peers Comparison
Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | $116.82B | 29.09 | 100.78% | 0.76% | 24.06% | 49.69% | |
82 Outperform | $123.67B | 23.71 | 58.24% | 0.95% | 23.68% | 43.16% | |
79 Outperform | $143.77B | 21.80 | 36.37% | 0.92% | 6.12% | -5.66% | |
79 Outperform | $267.76B | 26.78 | 56.14% | 0.98% | 27.09% | 40.94% | |
70 Outperform | $23.50B | 40.52 | 14.80% | 0.70% | 26.25% | -2.65% | |
65 Neutral | $21.28B | 20.34 | 10.97% | 2.61% | 4.86% | 6.44% | |
61 Neutral | €28.23B | 17.72 | -1.42% | 2.45% | 6.10% | 29.62% |
* Technology Sector Average
Performance Comparison
ASMIY
ASM International
479.07
-135.58
-22.06%
ASX
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9.73
0.66
7.28%
AMAT
Applied Materials
179.15
-10.24
-5.41%
ASML
ASML Holding
689.63
-163.59
-19.17%
KLAC
KLA
883.41
143.51
19.40%
LRCX
Lam Research
96.68
16.82
21.06%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.