BE Semiconductor (NL:BESI)
:BESI
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BE Semiconductor
(BESI)
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Rating:68Neutral
Price Target:
€264.00
▲(16.40% Upside)
Action:DowngradedDate:04/24/26
The score is driven by strong profitability and cash flow, plus a strong uptrend in the stock. Offsetting factors are elevated leverage for a cyclical semiconductor business and a very high P/E with a low dividend yield, which increases downside risk if growth or demand weakens.
Positive Factors
High Profitability Margins
Sustained high gross and operating margins indicate differentiated, high-value equipment and pricing power in semiconductor back-end tooling. Durable margins support reinvestment, cushion cyclical revenue swings, and enable consistent internal funding for R&D and service capabilities.
Negative Factors
Elevated Leverage
Meaningfully higher leverage in a cyclical capital-equipment firm reduces financial flexibility and raises refinancing and covenant risk during downturns. Debt-funded growth amplifies downside if semiconductor capex softens, limiting ability to absorb prolonged demand weakness.
Read all positive and negative factors
Positive Factors
Negative Factors
High Profitability Margins
Sustained high gross and operating margins indicate differentiated, high-value equipment and pricing power in semiconductor back-end tooling. Durable margins support reinvestment, cushion cyclical revenue swings, and enable consistent internal funding for R&D and service capabilities.
Read all positive factors
BE Semiconductor (BESI) vs. iShares MSCI Netherlands ETF (EWN)
Market Cap
€19.33B
Dividend Yield1.65%
Average Volume (3M)504.84K
Price to Earnings (P/E)68.7
Beta (1Y)2.27
Revenue Growth4.42%
EPS Growth-15.18%
CountryNL
Employees1,820
SectorGeneral
Sector StrengthN/A
IndustrySemiconductors
Share Statistics
EPS (TTM)0.65
Shares Outstanding81,146,736
10 Day Avg. Volume587,283
30 Day Avg. Volume504,841
Financial Highlights & Ratios
PEG Ratio-2.86
Price to Book (P/B)25.42
Price to Sales (P/S)17.90
P/FCF Ratio65.19
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€214.00Price Target Upside-5.64% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering8
EPS Forecast (FY)3.85
Revenue Forecast (FY)€917.30M
BE Semiconductor Business Overview & Revenue Model
Company Description
BE Semiconductor Industries N.V. develops, manufactures, markets, sells, and services semiconductor assembly equipment for the semiconductor and electronics industries worldwide. The company's principal products include die attach equipment, such ...
How the Company Makes Money
BESI primarily makes money by selling semiconductor assembly equipment (capital equipment) used in the packaging/assembly stage of chip manufacturing. Revenue is generated from (1) equipment sales: customers purchase BESI’s machines as part of the...
BE Semiconductor Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
62
Positive
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 632.07M | 591.33M | 607.47M | 578.86M | 722.87M | 749.30M |
| Gross Profit | 388.43M | 374.27M | 395.94M | 375.79M | 443.07M | 446.82M |
| EBITDA | 243.31M | 206.78M | 224.19M | 245.09M | 317.11M | 332.37M |
| Net Income | 151.71M | 131.64M | 181.99M | 177.08M | 240.65M | 282.42M |
Balance Sheet | ||||||
| Total Assets | 1.20B | 1.11B | 1.23B | 896.55M | 1.14B | 1.14B |
| Cash, Cash Equivalents and Short-Term Investments | 611.44M | 542.99M | 342.32M | 188.48M | 491.69M | 451.39M |
| Total Debt | 519.11M | 529.63M | 544.71M | 319.16M | 342.88M | 312.48M |
| Total Liabilities | 742.01M | 697.35M | 733.21M | 475.14M | 506.65M | 524.77M |
| Stockholders Equity | 456.95M | 416.40M | 501.26M | 421.41M | 628.53M | 619.27M |
Cash Flow | ||||||
| Free Cash Flow | 204.26M | 162.35M | 169.61M | 180.55M | 243.48M | 249.50M |
| Operating Cash Flow | 226.72M | 178.14M | 201.08M | 208.57M | 271.87M | 277.85M |
| Investing Cash Flow | -15.24M | 113.05M | -136.48M | -72.95M | 16.32M | -24.84M |
| Financing Cash Flow | -255.76M | -261.28M | 88.67M | -439.80M | -247.68M | -182.07M |
BE Semiconductor Technical Analysis
Positive
226.80
Price Trends
185.89
Positive
167.15
Positive
147.28
Positive
Market Momentum
10.89
Negative
72.40
Negative
92.35
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NL:BESI, the sentiment is Positive. The current price of 226.8 is above the 20-day moving average (MA) of 195.57, above the 50-day MA of 185.89, and above the 200-day MA of 147.28, indicating a bullish trend. The MACD of 10.89 indicates Negative momentum. The RSI at 72.40 is Negative, neither overbought nor oversold. The STOCH value of 92.35 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NL:BESI.
BE Semiconductor 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% | |
76 Outperform | €2.45B | 23.24 | ― | 1.91% | 25.84% | 21.24% | |
73 Outperform | €528.00M | 24.15 | 29.06% | 3.54% | 11.21% | 32.21% | |
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:BESI
BE Semiconductor
239.40
145.75
155.64%
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TKH Group N.V.
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NL:THEON
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30.51%
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.