BE Semiconductor (BESIY) AI Stock Analysis

• Market Cap: $12.53B
• Dividend Yield: 1.6%
• Average Volume (3M): 27.00
• Price to Earnings (P/E): 75.8
• 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: 27
• 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: 20.13
• Enterprise Value/Gross Profit: 31.50
• Enterprise Value/Ebitda: 53.55
• 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): $688.17M

• Rating: 74 Outperform
• Price Target: $188.00 ▲(11.10% Upside)

BE Semiconductor's strong technical momentum and positive earnings guidance are significant strengths. However, high valuation and revenue decline present notable risks. The company's ability to manage cash flow and profitability amidst market challenges supports a moderately positive outlook.

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 demonstrates strong profitability and cash flow management, with robust EBIT and EBITDA margins. However, a significant revenue decline and high leverage pose potential risks.

Income Statement

BE Semiconductor's income statement reflects strong profitability with a TTM gross profit margin of 63.28% and a net profit margin of 28.17%. However, the company experienced a significant revenue decline of 50.8% in the TTM period, indicating potential market challenges. Despite this, EBIT and EBITDA margins remain robust at 33.91% and 38.82% respectively, showcasing efficient cost management.

Balance Sheet

The balance sheet shows a high debt-to-equity ratio of 1.51 in the TTM period, indicating increased leverage which could pose financial risks. However, the return on equity remains strong at 36.94%, reflecting effective use of equity capital. The equity ratio is moderate, suggesting a balanced asset structure.

Cash Flow

Cash flow analysis reveals a positive free cash flow growth of 6.51% in the TTM period, indicating improved cash generation. The operating cash flow to net income ratio is healthy at 1.44, and the free cash flow to net income ratio is strong at 0.84, highlighting efficient cash conversion and liquidity management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	602.23M	607.47M	578.86M	722.87M	749.30M	433.62M
Gross Profit	384.82M	395.94M	375.79M	443.07M	446.82M	258.57M
EBITDA	226.37M	224.19M	221.10M	300.81M	332.37M	155.63M
Net Income	169.62M	181.99M	177.08M	240.65M	282.42M	132.28M
Balance Sheet
Total Assets	1.07B	1.23B	896.55M	1.14B	1.14B	911.36M
Cash, Cash Equivalents and Short-Term Investments	330.17M	672.32M	413.48M	491.69M	451.39M	375.41M
Total Debt	540.51M	540.82M	319.16M	342.88M	312.48M	409.88M
Total Liabilities	710.48M	733.21M	475.14M	506.65M	524.77M	540.13M
Stockholders Equity	356.78M	501.26M	421.41M	628.53M	619.27M	371.23M
Cash Flow
Free Cash Flow	165.76M	169.61M	180.55M	243.48M	249.50M	140.16M
Operating Cash Flow	206.34M	201.08M	208.57M	271.87M	277.85M	162.02M
Investing Cash Flow	-75.80M	-136.48M	-72.95M	16.32M	-24.84M	-115.44M
Financing Cash Flow	71.26M	88.67M	-439.80M	-247.68M	-182.07M	51.85M

BE Semiconductor Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 169.22
• 50DMA: Positive
• 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 169.22 is above the 20-day moving average (MA) of 166.60, above the 50-day MA of 153.31, and above the 200-day MA of 132.17, indicating a neutral trend. The MACD of 1.44 indicates Positive momentum. The RSI at 40.94 is Neutral, neither overbought nor oversold. The STOCH value of 0.01 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
NVMI	81 Outperform	$9.39B	40.37	23.58%	―	39.37%	40.87%
ONTO	79 Outperform	$6.82B	39.21	8.96%	―	6.38%	-4.15%
CAMT	77 Outperform	$5.69B	43.98	24.28%	―	27.88%	37.85%
BESIY	74 Outperform	$12.53B	75.81	34.39%	1.60%	-4.02%	-16.70%
AMKR	73 Outperform	$8.60B	28.03	7.27%	2.12%	0.13%	-16.17%
LSCC	72 Outperform	$8.68B	322.12	3.86%	―	-12.03%	-80.99%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

BE Semiconductor Corporate Events

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.

BE Semiconductor Industries Reports Mixed Q2 2025 Results

BE Semiconductor Industries N.V. (Besi) is a prominent manufacturer of assembly equipment for the semiconductor industry, offering advanced packaging solutions to semiconductor manufacturers and electronics companies globally, with a focus on wafer level and substrate assembly solutions.

Besi Earnings Call: Growth Amidst Challenges

The recent earnings call for BE Semiconductor Industries N.V. ADR (Besi) presented a mixed sentiment, reflecting both optimism and caution. While the company showcased strong sequential growth and liquidity, as well as promising advancements in their hybrid bonding systems, these positives were overshadowed by notable declines in orders, revenue, and income. Additionally, challenges in gross margin and anticipated revenue declines added to the cautious tone. Overall, the sentiment conveyed a balance between hopeful future growth and current financial hurdles.