BE Semiconductor (BESIY) AI Stock Analysis

• Market Cap: $12.07B
• Dividend Yield: 0.01%
• Average Volume (3M): 0.00
• Price to Earnings (P/E): 61.3
• Beta (1Y): 1.12
• Revenue Growth: 1.34%
• EPS Growth: -1.82%
• Country: US
• Employees: 1,820
• Sector: Technology
• Sector Strength: 93
• Industry: Semiconductors
• EPS (TTM): 0.45
• Shares Outstanding: 81,146,736
• 10 Day Avg. Volume: 0
• 30 Day Avg. Volume: 0
• PEG Ratio: -31.15
• Price to Book (P/B): 18.86
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 59.69
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $158.00
• Price Target Upside: 3.78% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 70 Outperform
• Price Target: $157.00 ▲(3.13%Upside)

BESIY's overall score reflects strong financial performance, evidenced by solid profitability margins and cash conversion efficiency. The technical analysis indicates a moderate upward trend, while valuation concerns weigh on the stock due to its high P/E ratio. Earnings call insights highlight both opportunities in AI and challenges in key markets, adding a layer of uncertainty. Despite these challenges, the company's financial and technical foundations support a stable outlook.

BE Semiconductor Business Overview & Revenue Model

Company Description

BE Semiconductor Industries N.V. develops, manufactures, markets, sells, and services semiconductor assembly equipment for the semiconductor and electronics industries worldwide. The company's principal products include die attach equipment, such as single chip, multi chip, multi module, flip chip, thermal compression bonding, fan out wafer level packaging, hybrid and embedded bridge die bonding, and die sorting systems; and packaging equipment, including conventional, ultra thin, and wafer level molding, as well as trim and form, and singulation systems. Its principal products also comprise plating equipment comprising tin, copper, and precious metal and solar plating systems, as well as related process chemicals; and tooling, conversion kits, spare parts, and other services. The company's principal brand names include Datacon, Esec, Fico, and Meco. It offers its products primarily to multinational chip manufacturers, assembly subcontractors, and electronics and industrial companies. The company was incorporated in 1995 and is headquartered in Duiven, the Netherlands.

How the Company Makes Money

BE Semiconductor Industries generates revenue primarily through the sale of its semiconductor assembly equipment, which is used in the packaging process of semiconductor manufacturing. The company's key revenue streams include equipment sales, service, and support contracts, as well as spare parts and upgrades for its machinery. BESIY benefits from long-term partnerships with leading semiconductor manufacturers and has a strong presence in Asia, which is a significant market for semiconductor assembly equipment. The company's earnings are also influenced by trends in the global semiconductor industry, demand for advanced packaging technologies, and its ability to innovate and deliver efficient and cost-effective solutions.

BE Semiconductor Financial Statement Overview

Summary

BESIY demonstrates strong financial health with robust profitability, evident from its high gross and net profit margins. Despite a slight decline in EBIT and EBITDA, the company's revenue growth and operational efficiency are commendable. However, there is room for improvement in cash flow management and leverage.

Income Statement

BE Semiconductor has demonstrated a solid financial performance with a consistent increase in revenue, achieving a revenue growth rate of 4.95% from 2023 to 2024. The company maintains strong profitability, reflected by a healthy gross profit margin of 65.17% and a net profit margin of 29.96% in 2024. The EBIT margin stands at 32.20%, while the EBITDA margin is 36.91%, indicating efficient operational management. Despite a slight decline in EBIT and EBITDA from 2023, profitability remains robust.

Balance Sheet

The balance sheet shows a moderate financial position with a debt-to-equity ratio of 1.08, suggesting a balanced approach to leveraging. The return on equity is strong at 36.31%, highlighting effective use of shareholder funds. However, the equity ratio is 40.61%, indicating moderate leverage with room for improving capital structure stability. The increase in total assets and stockholders' equity reflects a positive growth trajectory.

Cash Flow

Cash flow analysis reveals a slight decrease in operating cash flow from the previous year, yet free cash flow remains positive at €169.61 million. The free cash flow to net income ratio is 0.93, showing a robust capacity to generate cash relative to net income. There is a noticeable decline in free cash flow growth, highlighting an area for improvement in cash generation efficiency.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	605.30M	607.47M	578.86M	722.87M	749.30M	433.62M
Gross Profit	389.39M	395.94M	375.79M	443.07M	446.82M	258.57M
EBITDA	226.84M	224.19M	221.10M	300.81M	332.37M	155.63M
Net Income	179.52M	181.99M	177.08M	240.65M	282.42M	132.28M
Balance Sheet
Total Assets	1.24B	1.23B	896.55M	1.14B	1.14B	911.36M
Cash, Cash Equivalents and Short-Term Investments	405.74M	342.32M	413.48M	491.69M	451.39M	375.41M
Total Debt	538.10M	540.82M	319.16M	342.88M	312.48M	409.88M
Total Liabilities	725.62M	733.21M	475.14M	506.65M	524.77M	540.13M
Stockholders Equity	513.34M	501.26M	421.41M	628.53M	619.27M	371.23M
Cash Flow
Free Cash Flow	155.63M	169.61M	180.55M	243.48M	249.50M	140.16M
Operating Cash Flow	185.26M	201.08M	208.57M	271.87M	277.85M	162.02M
Investing Cash Flow	-94.63M	-136.48M	-72.95M	16.32M	-24.84M	-115.44M
Financing Cash Flow	81.38M	88.67M	-439.80M	-247.68M	-182.07M	51.85M

BE Semiconductor Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 152.24
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BESIY, the sentiment is Positive. The current price of 152.24 is above the 20-day moving average (MA) of 146.86, above the 50-day MA of 136.53, and above the 200-day MA of 122.59, indicating a bullish trend. The MACD of 3.24 indicates Positive momentum. The RSI at 61.69 is Neutral, neither overbought nor oversold. The STOCH value of 96.32 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BESIY.

BE Semiconductor Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NVMI	82 Outperform	$8.18B	43.25	23.87%	―	41.03%	51.42%
TSEM	76 Outperform	$5.42B	27.63	7.88%	―	5.22%	-58.99%
AMKR	74 Outperform	$5.31B	16.86	7.76%	3.34%	-1.93%	-15.55%
LSCC	73 Outperform	$7.29B	140.38	7.39%	―	-29.54%	-76.42%
ONTO	71 Outperform	$4.74B	22.57	11.83%	―	21.23%	56.90%
BESIY	70 Outperform	$12.07B	61.33	35.95%	0.01%	1.34%	-1.82%
Sector *	50 Neutral	C$3.14B	2.46	-63.57%	2.27%	4.49%	-6.15%