ASM International NV (ASM) AI Stock Analysis

• Market Cap: €35.59B
• Dividend Yield: 0.58%
• Average Volume (3M): 180.94K
• Price to Earnings (P/E): 35.0
• Beta (1Y): 2.16
• Revenue Growth: 19.12%
• EPS Growth: 42.78%
• Country: NL
• Employees: 4,558
• Sector: General
• Sector Strength: N/A
• Industry: Semiconductors
• EPS (TTM): 3.45
• Shares Outstanding: 49,328,550
• 10 Day Avg. Volume: 169,277
• 30 Day Avg. Volume: 180,945
• PEG Ratio: 6.12
• Price to Book (P/B): 6.33
• Price to Sales (P/S): 7.99
• P/FCF Ratio: 29.87
• 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: €794.09
• Price Target Upside: 8.57% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 11
• EPS Forecast (FY): 18.89
• Revenue Forecast (FY): €3.67B

• Rating: 78 Outperform
• Price Target: €817.00 ▲(11.70% Upside)
• Action: Reiterated Date: 03/06/26
• Date: Action: Reiterated 03/06/26

The score is driven primarily by strong financial quality—high margins, robust cash generation, and very low leverage—supported by a clear positive technical trend. Offsetting these positives, valuation is relatively expensive (P/E ~35) with a low dividend yield, and recent revenue softness is a key cyclical watch item.

Positive Factors

High profitability margins

ASM's consistently high gross and EBIT margins reflect differentiated deposition technologies (ALD and epitaxy) and pricing power on advanced-node tools. Durable margin structure supports reinvestment in R&D, sustained operating leverage, and long-term earnings resilience even across semiconductor cycles.

Negative Factors

Revenue cyclicality from capital-equipment model

ASM's core revenue depends on large, timing-sensitive equipment orders tied to fab build-outs and node transitions. This structural dependence makes top-line lumpy and vulnerable to industry capex swings, creating multi-quarter revenue volatility and uncertain order timing despite strong underlying demand trends.

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...

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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...

How the Company Makes Money

ASM generates revenue primarily through the sale of its semiconductor manufacturing equipment and related services. The company’s revenue model is built on selling capital equipment to semiconductor manufacturers, which includes both the initial s...

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ASM generates revenue primarily through the sale of its semiconductor manufacturing equipment and related services. The company’s revenue model is built on selling capital equipment to semiconductor manufacturers, which includes both the initial s...

ASM International NV Financial Statement Overview

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	3.17B	2.93B	2.63B	2.41B	1.73B
Gross Profit	1.64B	1.48B	1.27B	1.14B	828.13M
EBITDA	1.20B	990.54M	1.03B	529.29M	593.38M
Net Income	723.70M	685.73M	752.07M	389.11M	494.71M
Balance Sheet
Total Assets	5.34B	5.16B	4.23B	3.75B	2.71B
Cash, Cash Equivalents and Short-Term Investments	1.03B	926.50M	637.26M	419.31M	491.51M
Total Debt	64.00M	35.26M	33.56M	28.12M	23.46M
Total Liabilities	1.33B	1.41B	999.92M	1.00B	469.33M
Stockholders Equity	4.01B	3.75B	3.23B	2.75B	2.24B
Cash Flow
Free Cash Flow	849.10M	532.92M	418.18M	333.01M	223.79M
Operating Cash Flow	1.07B	897.65M	735.89M	541.49M	380.64M
Investing Cash Flow	-633.60M	-349.97M	-289.04M	-474.88M	-114.40M
Financing Cash Flow	-313.50M	-301.03M	-236.05M	-132.60M	-240.26M

ASM International NV Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 731.40
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

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 731.4 is above the 20-day moving average (MA) of 676.19, above the 50-day MA of 691.16, and above the 200-day MA of 554.22, indicating a neutral trend. The MACD of -7.58 indicates Positive momentum. The RSI at 49.10 is Neutral, neither overbought nor oversold. The STOCH value of 59.76 is Neutral, 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	81 Outperform	€463.19B	37.25	52.14%	0.73%	22.77%	37.62%
ASM	78 Outperform	€35.59B	35.05	19.21%	0.58%	19.12%	42.78%
BESI	70 Outperform	€16.71B	61.66	35.84%	1.65%	-5.75%	-17.63%
TWEKA	59 Neutral	€1.58B	15.43	11.04%	4.11%	-3.59%	-46.68%
Sector *	55 Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%