Detectors, Sensors and MemsElectronicsManufacturingSemiconductor
Description
ASM International NV, together with its subsidiaries, engages in researching, developing, manufacturing, marketing and servicing of equipment and materials used to produce semiconductor devices.
The company designs, manufactures, and sells equipment…
Analysis
Middle-of-the-road
ASM International NV sits in the middle of our grid: average quality, average price, no obvious signal in either direction. Worth noting: the cash the business generates has lagged behind what the income statement shows.
On valuation, the picture is expensive. The owner-earnings multiple stands at 52.7×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 19% a year, against analyst forecasts of 33%. The price, in other words, assumes less than the experts do.
Growth is moderate; the safety picture is sturdy. The company scores 16/20 on our value-creation score: strong value creator.
Flags to be aware of: Some accounting patterns deserve a closer look. Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.
360° rank · history
1007550250
Jan 202372
90
2023202420252026
All-time high
93
Jan 2025
All-time low
30
May 2023
Average rank
73
across all years
Detailed & Historical Ranks
Deep dive into 15 detailed ranks and 3 years of history.
Current202520242023
Price/Sales
14
11
11
13
Price/Earnings
29
19
15
30
Price/Book
19
5
7
28
Dividend Yield
41
41
38
41
Value (overall)
24
21
12
16
Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.