BE Semiconductor (BESIY) AI Stock Analysis

• Market Cap: $12.43B
• Dividend Yield: 1.62%
• Average Volume (3M): 365.00
• Price to Earnings (P/E): 74.8
• Beta (1Y): 1.18
• Revenue Growth: -4.02%
• EPS Growth: -16.70%
• Country: US
• Employees: 1,820
• Sector: Technology
• Sector Strength: 88
• Industry: Semiconductors
• EPS (TTM): 0.37
• Shares Outstanding: 81,146,736
• 10 Day Avg. Volume: 0
• 30 Day Avg. Volume: 365
• PEG Ratio: 15.98
• Price to Book (P/B): 20.82
• Price to Sales (P/S): 17.18
• P/FCF Ratio: 61.53
• Enterprise Value/Market Cap: 0.97
• Enterprise Value/Revenue: 19.97
• Enterprise Value/Gross Profit: 32.12
• Enterprise Value/Ebitda: 55.67
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 1.95
• Revenue Forecast (FY): $686.35M

• Rating: 66 Neutral
• Price Target: $164.00 ▲(9.18% Upside)

BE Semiconductor's overall score reflects strong financial management and positive future guidance, tempered by current revenue declines and high valuation. The company's ability to maintain profitability and cash flow amidst market challenges is a key strength, while technical indicators suggest caution in the short term.

Positive Factors

Strong Cash Flow Management

Strong cash flow growth indicates effective cash management, providing financial stability and the ability to invest in future growth opportunities.

Advanced Packaging Demand

Rising demand for advanced packaging positions BESIY to capitalize on growth in data centers and next-gen semiconductors, supporting long-term revenue potential.

Significant Increase in Bookings

The substantial increase in bookings suggests strong future revenue potential, driven by demand in AI and data center applications.

Negative Factors

Revenue Decline

Declining revenue reflects challenges in mainstream assembly markets, potentially impacting short-term financial performance and market position.

High Leverage

Increased leverage can strain financial flexibility and elevate risk, particularly if revenue growth does not recover as anticipated.

Delayed Market Recovery

A delayed recovery in the assembly market could hinder BESIY's growth prospects, affecting revenue and profitability in the near term.

BE Semiconductor Business Overview & Revenue Model

Company Description

BE Semiconductor Industries N.V. (BESIY) is a global leader in the semiconductor equipment industry, specializing in the design, development, and manufacturing of advanced packaging equipment for integrated circuits. The company operates primarily in the semiconductor sector, providing innovative solutions that enhance the performance and efficiency of microelectronics. BESIY's core products include die bonding, wire bonding, and packaging equipment, which serve a wide range of applications across various industries, including consumer electronics, automotive, and telecommunications.

How the Company Makes Money

BESIY generates revenue primarily through the sale of its semiconductor packaging equipment and related services. The company's revenue model is built on both direct sales of its machinery and systems, as well as after-sales services and support, which include maintenance, upgrades, and spare parts. Key revenue streams include sales of die attach and wire bond equipment, as well as packaging systems that cater to different semiconductor technologies. Additionally, BESIY benefits from long-term partnerships with major semiconductor manufacturers and technology companies, which contribute to its stable revenue growth. The company's ability to innovate and adapt its product offerings to meet the evolving needs of the semiconductor market also plays a significant role in driving its earnings.

BE Semiconductor Financial Statement Overview

Summary

BE Semiconductor shows strong profitability and cash flow management despite declining revenue growth and high leverage. The company maintains robust profit margins and a significant increase in free cash flow, indicating effective cost and cash management.

Income Statement

BE Semiconductor's income statement shows a mixed performance. The TTM data indicates a decline in revenue growth rate by 24.4%, which is a concern. However, the company maintains strong profitability with a net profit margin of 28.2% and a gross profit margin of 63.3%. The EBIT and EBITDA margins are also robust at 33.9% and 38.8%, respectively. Despite the revenue decline, the company has managed to sustain healthy margins, indicating efficient cost management.

Balance Sheet

The balance sheet reflects a high debt-to-equity ratio of 1.51 in the TTM period, suggesting increased leverage, which could pose a risk if not managed carefully. However, the return on equity remains strong at 36.9%, indicating effective use of equity to generate profits. The equity ratio stands at 33.8%, showing a moderate level of equity financing relative to total assets. Overall, while leverage is high, the company demonstrates strong profitability on its equity.

Cash Flow

The cash flow statement is a strong point for BE Semiconductor. The TTM data shows a significant free cash flow growth of 168.7%, which is a positive indicator of the company's ability to generate cash. The operating cash flow to net income ratio is 1.44, and the free cash flow to net income ratio is 0.84, both suggesting good cash conversion from profits. The company appears to be managing its cash flows effectively, supporting its financial stability.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	600.76M	607.47M	578.86M	722.87M	749.30M	433.62M
Gross Profit	373.58M	395.94M	375.79M	443.07M	446.82M	258.57M
EBITDA	215.52M	224.19M	221.10M	317.11M	332.37M	159.96M
Net Income	152.39M	181.99M	177.08M	240.65M	282.42M	132.28M
Balance Sheet
Total Assets	1.26B	1.23B	896.55M	1.14B	1.14B	911.36M
Cash, Cash Equivalents and Short-Term Investments	609.31M	672.32M	413.48M	491.69M	451.39M	375.41M
Total Debt	631.98M	544.71M	319.16M	342.88M	312.48M	409.88M
Total Liabilities	830.99M	733.21M	475.14M	506.65M	524.77M	540.13M
Stockholders Equity	424.37M	501.26M	421.41M	628.53M	619.27M	371.23M
Cash Flow
Free Cash Flow	168.55M	169.61M	180.55M	243.48M	249.50M	140.16M
Operating Cash Flow	204.43M	201.08M	208.57M	271.87M	277.85M	162.02M
Investing Cash Flow	116.44M	-136.48M	-72.95M	16.32M	-24.84M	-115.44M
Financing Cash Flow	-279.19M	88.67M	-439.80M	-247.68M	-182.07M	51.85M

BE Semiconductor Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 150.21
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BESIY, the sentiment is Neutral. The current price of 150.21 is below the 20-day moving average (MA) of 155.19, below the 50-day MA of 159.56, and above the 200-day MA of 137.28, indicating a neutral trend. The MACD of -0.33 indicates Positive momentum. The RSI at 45.54 is Neutral, neither overbought nor oversold. The STOCH value of 6.40 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for BESIY.

BE Semiconductor Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ONTO	82 Outperform	$7.66B	44.90	8.96%	―	6.38%	-4.15%
NVMI	81 Outperform	$9.85B	43.65	23.58%	―	39.37%	40.87%
CAMT	76 Outperform	$4.76B	119.91	8.76%	―	21.12%	-54.97%
LSCC	71 Outperform	$10.30B	388.18	3.86%	―	-12.03%	-80.99%
AMKR	69 Neutral	$9.98B	32.55	7.27%	0.81%	0.13%	-16.17%
BESIY	66 Neutral	$12.43B	74.76	34.39%	1.62%	-4.02%	-16.70%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

BE Semiconductor Corporate Events

Besi’s Earnings Call: Mixed Sentiment Amid Growth

The recent earnings call for BE Semiconductor Industries N.V. ADR (Besi) painted a mixed picture of the company’s financial health and market position. While there were notable highlights such as a significant increase in bookings and a robust liquidity position, these were counterbalanced by declines in revenue and net income, as well as a delayed market recovery. The sentiment expressed during the call was one of cautious optimism, with positive trends in advanced packaging demand offering a silver lining amid the challenges.

BE Semiconductor Industries Reports Q3 2025 Earnings

BE Semiconductor Industries N.V. (Besi) is a prominent manufacturer of assembly equipment for the semiconductor industry, known for its advanced packaging solutions that cater to leading semiconductor manufacturers, foundries, and electronics companies. Headquartered in Duiven, the Netherlands, Besi is listed on Euronext Amsterdam and the OTC markets.