ASM International NV (ASM) AI Stock Analysis

• Market Cap: €22.37B
• Dividend Yield: 0.65%
• Average Volume (3M): 124.94K
• Price to Earnings (P/E): 42.5
• Beta (1Y): 2.07
• Revenue Growth: 25.46%
• EPS Growth: -4.36%
• Country: NL
• Employees: 4,558
• Sector: Technology
• Sector Strength: 88
• Industry: Semiconductors
• EPS (TTM): 3.50
• Shares Outstanding: 49,328,550
• 10 Day Avg. Volume: 128,990
• 30 Day Avg. Volume: 124,943
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: €558.36
• Price Target Upside: 11.67% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 11

• Rating: 67 Neutral
• Price Target: €543.00 ▲(8.60% Upside)

ASM International NV's strong financial performance is the primary driver of its stock score, supported by robust revenue growth and a solid balance sheet. However, technical indicators suggest the stock is overbought, and the high P/E ratio raises valuation concerns. These factors collectively result in a moderate overall stock score.

Positive Factors

Negative Factors

ASM International NV Business Overview & Revenue Model

Company Description

ASM 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 Money

ASM generates revenue primarily through the sale of semiconductor manufacturing equipment, particularly its ALD systems, which are critical for the production of advanced semiconductor devices. The company earns money from both new equipment sales and service agreements, which include maintenance, upgrades, and spare parts for existing systems. Key revenue streams include initial equipment sales, ongoing service contracts, and customer support. ASM also benefits from strategic partnerships with leading semiconductor manufacturers, research institutions, and technology alliances, enhancing its market presence and driving sales growth. Additionally, the increasing demand for advanced semiconductor technologies in various applications, such as consumer electronics, automotive, and IoT, contributes to ASM's revenue growth.

ASM International NV Financial Statement Overview

Summary

ASM International NV demonstrates strong financial performance with consistent revenue growth and robust profitability. The balance sheet is solid with minimal leverage, and cash flow trends are positive, although there is a slight decline in net income that warrants monitoring.

Income Statement

ASM International NV demonstrates strong financial performance with consistent revenue growth, highlighted by a 4.13% increase in TTM. The company maintains robust profitability with a gross profit margin of 51.27% and a net profit margin of 16.16% in TTM. EBIT and EBITDA margins are also healthy at 29.27% and 36.25% respectively, indicating efficient cost management. However, the slight decline in net income from the previous year suggests a need for monitoring potential cost pressures.

Balance Sheet

The balance sheet of ASM International NV is solid, characterized by a low debt-to-equity ratio of 0.01, reflecting minimal leverage and financial risk. The return on equity stands at 14.64% in TTM, showcasing effective utilization of shareholder funds. The equity ratio of 70.83% indicates a strong capital structure with significant equity financing. Overall, the company maintains a stable financial position with low risk.

Cash Flow

ASM International NV exhibits positive cash flow trends with a free cash flow growth rate of 2.78% in TTM. The operating cash flow to net income ratio is 0.93, indicating strong cash generation relative to earnings. The free cash flow to net income ratio of 0.66 suggests effective conversion of profits into cash. Despite these strengths, the company should continue to focus on enhancing free cash flow to support future growth initiatives.

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	529.29M	593.38M	361.84M
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	926.50M	637.26M	419.31M	491.51M	435.23M
Total Debt	37.40M	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 NV Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 500.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NL:ASM, the sentiment is Positive. The current price of 500 is above the 20-day moving average (MA) of 425.34, above the 50-day MA of 439.80, and above the 200-day MA of 487.39, indicating a bullish trend. The MACD of 8.88 indicates Negative momentum. The RSI at 76.89 is Negative, neither overbought nor oversold. The STOCH value of 83.68 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NL:ASM.

ASM International NV Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ASML	78 Outperform	285.71B	30.67	53.44%	0.82%	26.41%	40.19%
ASM	67 Neutral	€22.37B	42.46	15.11%	0.65%	25.46%	-4.36%
TWEKA	64 Neutral	1.39B	21.29	11.28%	4.39%	-3.59%	-46.68%
BESI	62 Neutral	9.34B	54.13	47.54%	1.75%	3.75%	0.10%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%