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ASM International NV
(ASM)
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Rating:68Neutral
Price Target:
€860.00
▲(0.07% Upside)
Action:Reiterated
Date:07/31/26
The score is driven primarily by very strong financial quality (high margins, minimal leverage, strong ROE), which supports a solid baseline. This is tempered by weak near-term technicals (price below 20/50-day averages) and a premium valuation (P/E ~37 with a low dividend yield), which raise the bar for continued performance.
Positive Factors
High profitability and ROE
Very high gross (~52%), operating (~36%) and net (~31%) margins together with ~25% ROE indicate durable earnings power. Such margins suggest pricing power and operational efficiency, enabling sustained investment in R&D, aftermarket support, and resilience through cycles.
Negative Factors
Slowing revenue growth
Top-line growth moderating to roughly 5% TTM signals deceleration for a capital-equipment supplier. Sustained expansion depends on cyclical fab investments and node transitions; slower revenue momentum increases reliance on margin maintenance and aftermarket to drive long-term profit growth.
Read all positive and negative factors
Positive Factors
Negative Factors
High profitability and ROE
Very high gross (~52%), operating (~36%) and net (~31%) margins together with ~25% ROE indicate durable earnings power. Such margins suggest pricing power and operational efficiency, enabling sustained investment in R&D, aftermarket support, and resilience through cycles.
Read all positive factors
ASM International NV (ASM) vs. iShares MSCI Netherlands ETF (EWN)
Market Cap
€38.99B
Dividend Yield0.41%
Average Volume (3M)180.94K
Price to Earnings (P/E)36.5
Beta (1Y)2.09
Revenue Growth3.11%
EPS Growth104.56%
CountryNL
Employees4,519
SectorGeneral
Sector StrengthN/A
IndustrySemiconductors
Share Statistics
EPS (TTM)21.97
Shares Outstanding49,328,550
10 Day Avg. Volume169,277
30 Day Avg. Volume180,945
Financial Highlights & Ratios
PEG Ratio6.12
Price to Book (P/B)6.33
Price to Sales (P/S)7.99
P/FCF Ratio29.87
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€1,109.86Price Target Upside29.14% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
EPS Forecast (FY)23.01
Revenue Forecast (FY)€4.09B
ASM International NV Business Overview & Revenue Model
Company Description
Headquartered in Almere, the Netherlands, ASM International N.V. (formerly Advanced Semiconductor Materials International N.V.) is a global leader in the semiconductor industry. Established in 1968, the company and its subsidiaries are dedicated t...
How the Company Makes Money
ASM primarily makes money by selling semiconductor wafer fabrication equipment (capital goods) to chip manufacturers and foundries. Revenue is largely driven by (1) system sales of deposition tools—especially ALD platforms used for advanced-node d...
ASM International NV Financial Statement Overview
Summary
Income Statement
88
Very Positive
Balance Sheet
93
Very Positive
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.36B | 3.17B | 2.93B | 2.63B | 2.41B | 1.73B |
| Gross Profit | 1.74B | 1.64B | 1.48B | 1.27B | 1.14B | 828.13M |
| EBITDA | 1.48B | 1.20B | 990.54M | 1.03B | 529.29M | 593.38M |
| Net Income | 1.07B | 723.70M | 685.73M | 752.07M | 389.11M | 494.71M |
Balance Sheet | ||||||
| Total Assets | 6.13B | 5.34B | 5.16B | 4.23B | 3.75B | 2.71B |
| Cash, Cash Equivalents and Short-Term Investments | 1.18B | 1.03B | 926.50M | 637.26M | 419.31M | 491.51M |
| Total Debt | 70.50M | 64.00M | 35.26M | 33.56M | 28.12M | 23.46M |
| Total Liabilities | 1.69B | 1.33B | 1.41B | 999.92M | 1.00B | 469.33M |
| Stockholders Equity | 4.45B | 4.01B | 3.75B | 3.23B | 2.75B | 2.24B |
Cash Flow | ||||||
| Free Cash Flow | 687.30M | 849.10M | 532.92M | 418.18M | 333.01M | 223.79M |
| Operating Cash Flow | 989.70M | 1.07B | 897.65M | 735.89M | 541.49M | 380.64M |
| Investing Cash Flow | -637.60M | -633.60M | -349.97M | -289.04M | -474.88M | -114.40M |
| Financing Cash Flow | -283.20M | -313.50M | -301.03M | -236.05M | -132.60M | -240.26M |
ASM International NV Technical Analysis
Neutral
859.40
Price Trends
919.70
Negative
844.01
Negative
720.22
Positive
Market Momentum
-42.84
Positive
41.12
Neutral
38.92
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NL:ASM, the sentiment is Neutral. The current price of 859.4 is below the 20-day moving average (MA) of 867.80, below the 50-day MA of 919.70, and above the 200-day MA of 720.22, indicating a neutral trend. The MACD of -42.84 indicates Positive momentum. The RSI at 41.12 is Neutral, neither overbought nor oversold. The STOCH value of 38.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for NL:ASM.
ASM International NV Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | €547.84B | 52.04 | 52.37% | 0.50% | 9.84% | 14.73% | |
74 Outperform | €1.70B | 17.96 | 11.04% | 3.14% | 2.83% | -8.11% | |
68 Neutral | €38.99B | 36.47 | 25.25% | 0.38% | 3.11% | 104.56% | |
59 Neutral | €16.00B | 75.67 | 46.17% | 0.70% | 21.85% | 22.85% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
NL:ASM
ASM International NV
801.20
384.32
92.19%
NL:ASML
ASML Holding NV
1,434.20
835.71
139.64%
NL:BESI
BE Semiconductor
198.25
80.59
68.50%
NL:TWEKA
TKH Group N.V.
42.56
8.09
23.46%
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.