ASM International NV (NL:ASM)
:ASM
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ASM International NV
(ASM)
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Rating:77Outperform
Price Target:
€951.00
▲(21.02% Upside)
Action:ReiteratedDate:04/23/26
The score is driven primarily by very strong financial performance (high profitability, strong balance sheet, solid returns), partially offset by cash-flow volatility. Technically, the stock is in a strong uptrend but appears overbought, which raises near-term risk. Valuation is also a headwind due to a high P/E and low dividend yield.
Positive Factors
Conservative balance sheet
ASM's extremely low leverage and expanding equity base provide durable financial flexibility. Minimal debt reduces refinancing and solvency risk across cyclical semiconductor downturns, allowing the company to invest in R&D, support customers, and sustain dividends or buybacks when capex weakens.
Negative Factors
Free cash flow volatility
A pronounced TTM FCF drop and only moderate FCF-to-net-income conversion suggest working-capital swings or high reinvestment needs. Persistent volatility in cash conversion can constrain discretionary capital allocation, increase funding variability, and complicate multi-quarter financial planning.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
ASM's extremely low leverage and expanding equity base provide durable financial flexibility. Minimal debt reduces refinancing and solvency risk across cyclical semiconductor downturns, allowing the company to invest in R&D, support customers, and sustain dividends or buybacks when capex weakens.
Read all positive factors
ASM International NV (ASM) vs. iShares MSCI Netherlands ETF (EWN)
Market Cap
€39.41B
Dividend Yield0.58%
Average Volume (3M)180.94K
Price to Earnings (P/E)32.6
Beta (1Y)2.07
Revenue Growth2.03%
EPS Growth105.75%
CountryNL
Employees4,558
SectorGeneral
Sector StrengthN/A
IndustrySemiconductors
Share Statistics
EPS (TTM)5.01
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
€907.27Price Target Upside15.46% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering11
EPS Forecast (FY)21.42
Revenue Forecast (FY)€3.91B
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...
How the Company Makes Money
ASM makes money mainly by selling capital equipment used in semiconductor wafer fabrication and by providing recurring support services tied to its installed base. Its primary revenue stream is system sales: customers (chipmakers and foundries) pu...
ASM International NV Financial Statement Overview
Summary
Income Statement
92
Very Positive
Balance Sheet
95
Very Positive
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.20B | 3.17B | 2.93B | 2.63B | 2.41B | 1.73B |
| Gross Profit | 1.66B | 1.64B | 1.48B | 1.27B | 1.14B | 828.13M |
| EBITDA | 1.42B | 1.20B | 990.54M | 1.03B | 529.29M | 593.38M |
| Net Income | 991.10M | 723.70M | 685.73M | 752.07M | 389.11M | 494.71M |
Balance Sheet | ||||||
| Total Assets | 5.83B | 5.34B | 5.16B | 4.23B | 3.75B | 2.71B |
| Cash, Cash Equivalents and Short-Term Investments | 981.60M | 1.03B | 926.50M | 637.26M | 419.31M | 491.51M |
| Total Debt | 72.00M | 64.00M | 35.26M | 33.56M | 28.12M | 23.46M |
| Total Liabilities | 1.54B | 1.33B | 1.41B | 999.92M | 1.00B | 469.33M |
| Stockholders Equity | 4.29B | 4.01B | 3.75B | 3.23B | 2.75B | 2.24B |
Cash Flow | ||||||
| Free Cash Flow | 467.70M | 849.10M | 532.92M | 418.18M | 333.01M | 223.79M |
| Operating Cash Flow | 761.20M | 1.07B | 897.65M | 735.89M | 541.49M | 380.64M |
| Investing Cash Flow | -638.90M | -633.60M | -349.97M | -289.04M | -474.88M | -114.40M |
| Financing Cash Flow | -312.70M | -313.50M | -301.03M | -236.05M | -132.60M | -240.26M |
ASM International NV Technical Analysis
Positive
785.80
Price Trends
699.08
Positive
641.66
Positive
563.15
Positive
Market Momentum
22.48
Negative
67.34
Neutral
90.61
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 785.8 is above the 20-day moving average (MA) of 699.84, above the 50-day MA of 699.08, and above the 200-day MA of 563.15, indicating a bullish trend. The MACD of 22.48 indicates Negative momentum. The RSI at 67.34 is Neutral, neither overbought nor oversold. The STOCH value of 90.61 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | €455.56B | 39.12 | 52.14% | 0.73% | 9.70% | 16.89% | |
77 Outperform | €39.41B | 32.64 | 19.21% | 0.58% | 2.03% | 105.75% | |
68 Neutral | €19.33B | 68.74 | 35.84% | 1.65% | 4.42% | -15.18% | |
59 Neutral | €1.72B | 15.43 | 11.04% | 4.11% | 2.83% | -8.11% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
NL:ASM
ASM International NV
809.80
387.05
91.56%
NL:ASML
ASML Holding NV
1,192.60
614.72
106.38%
NL:BESI
BE Semiconductor
239.40
145.75
155.64%
NL:TWEKA
TKH Group N.V.
43.10
9.75
29.24%
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.