ASM Stock Analysis: ASM International | AS
Semiconductor Equipment & Materials | AS, Netherlands | Market Cap: 40.674m EUR | 12M Return: 103.8% | NL0000334118 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 149M
EPS Trend: 90.0%
Qual. Beats: 0
Rev. Trend: 90.4%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Seasonality 11.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
ASM International NV is a Netherlands-based semiconductor equipment manufacturer that designs, produces, and services machinery used in wafer fabrication. Founded in 1968 (as Advanced Semiconductor Materials International NV) and headquartered in Almere, the company sells primarily to chip manufacturers across the US, Europe, and Asia.
Its product portfolio centers on deposition and related wafer-processing tools, including atomic layer deposition (ALD), plasma-enhanced ALD (PEALD), epitaxy (Epi), PECVD, and vertical furnace systems (LPCVD, diffusion, oxidation, cure). ASM also supplies silicon carbide (SiC) epitaxy tools for power-device applications, chemical mechanical polishing equipment for compound semiconductors and More-than-Moore manufacturing, plus spare parts and support services.
ASM operates in the global wafer fabrication equipment (WFE) market, a highly concentrated, capital-intensive sector where deposition tools such as ALD are increasingly critical for advanced logic and 3D NAND memory nodes. Adjacent product lines like SiC epitaxy position the company to benefit from rising demand in EV power electronics and high-voltage applications.
- GAA transistor adoption fuels ALD tool demand at advanced foundries
- AI-driven HBM and leading-edge capex expand equipment order book
- China export control restrictions threaten significant regional revenue exposure
| Net Income: 1.07b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.11 > 0.02 and ΔFCF/TA -3.77 > 1.0 |
| NWC/Revenue: 48.01% < 20% (prev 38.59%; Δ 9.42% < -1%) |
| CFO/TA 0.16 > 3% & CFO 989.7m > Net Income 1.07b |
| Net Debt (-1.10b) to EBITDA (1.48b): -0.74 < 3 |
| Current Ratio: 2.17 > 1.5 & < 3 |
| Outstanding Shares: last quarter (49.2m) vs 12m ago -0.41% < -2% |
| Gross Margin: 51.83% > 18% (prev 51.27%; Δ 0.56% > 0.5%) |
| Asset Turnover: 60.22% > 50% (prev 64.76%; Δ -4.54% > 0%) |
| Interest Coverage Ratio: 1.36k > 6 (EBIT TTM 1.23b / Interest Expense TTM 900k) |
| A: 0.26 (Total Current Assets 3.00b - Total Current Liabilities 1.38b) / Total Assets 6.13b |
| B: 0.75 (Retained Earnings 4.61b / Total Assets 6.13b) |
| C: 0.22 (EBIT TTM 1.23b / Avg Total Assets 5.59b) |
| D: 2.64 (Book Value of Equity 4.45b / Total Liabilities 1.69b) |
| Altman-Z'' = 8.42 = AAA |
| DSRI: 1.27 (Receivables 1.08b/822.2m, Revenue 3.36b/3.26b) |
| GMI: 0.99 (GM 51.27% / 51.83%) |
| AQI: 1.01 (AQ_t 0.39 / AQ_t-1 0.38) |
| SGI: 1.03 (Revenue 3.36b / 3.26b) |
| TATA: 0.01 (NI 1.07b - CFO 989.7m) / TA 6.13b) |
| Beneish M = -2.78 (Cap -4..+1) = A |
As of August 24, 2026, the stock is trading at EUR 830.40 with a total of 125,726 shares traded. Over the past week, the price has changed by -7.09%, over one month by -4.95%, over three months by -8.24% and over the past year by +103.82%.
Current recommended Stop Loss: 781.00 (which is 5.9% or 1.2 ATR below the current price).
ASM International has no consensus analysts rating.
P/E Trailing = 38.0046
P/E Forward = 37.3134
P/S = 12.091
P/B = 9.0813
P/EG = 1.6099
Revenue TTM = 3.36b EUR
EBIT TTM = 1.23b EUR
EBITDA TTM = 1.48b EUR
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = 84.4m EUR (from shortLongTermDebtTotal, last quarter) + Leases 13.9m
Net Debt = -1.10b EUR (calculated: Debt 84.4m - CCE 1.18b)
Enterprise Value = 39.6b EUR (40.7b + Debt 84.4m - CCE 1.18b)
Interest Coverage Ratio = 1.36k (Ebit TTM 1.23b / Interest Expense TTM 900k)
EV/FCF = 57.59x (Enterprise Value 39.6b / FCF TTM 687.3m)
FCF Yield = 1.74% (FCF TTM 687.3m / Enterprise Value 39.6b)
FCF Margin = 20.43% (FCF TTM 687.3m / Revenue TTM 3.36b)
Net Margin = 31.93% (Net Income TTM 1.07b / Revenue TTM 3.36b)
Gross Margin = 51.83% ((Revenue TTM 3.36b - Cost of Revenue TTM 1.62b) / Revenue TTM)
Gross Margin QoQ = 51.95% (prev 53.31%)
Tobins Q-Ratio = 6.45 (Enterprise Value 39.6b / Total Assets 6.13b)
Interest Expense / Debt = 1.07% (Interest Expense 900k / Debt 84.4m)
Taxrate = 18.67% (246.6m / 1.32b)
NOPAT = 997.6m (EBIT 1.23b * (1 - 18.67%))
Current Ratio = 2.17 (Total Current Assets 3.00b / Total Current Liabilities 1.38b)
Debt / Equity = 0.02 (Debt 84.4m / totalStockholderEquity, last quarter 4.45b)
Debt / EBITDA = -0.74 (Net Debt -1.10b / EBITDA 1.48b)
Debt / FCF = -1.59 (Net Debt -1.10b / FCF TTM 687.3m)
Total Stockholder Equity = 4.14b (last 4 quarters mean from totalStockholderEquity)
RoA = 19.23% (Net Income 1.07b / Total Assets 6.13b)
RoE = 25.91% (Net Income TTM 1.07b / Total Stockholder Equity 4.14b)
RoCE = 25.81% (EBIT 1.23b / Capital Employed (Total Assets 6.13b - Current Liab 1.38b))
RoIC = 21.76% (NOPAT 997.6m / Invested Capital 4.58b)
WACC = 11.38% (E(40.7b)/V(40.8b) * Re(11.40%) + D(84.4m)/V(40.8b) * Rd(1.07%) * (1-Tc(0.19)))
Discount Rate = 11.40% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -78.98 | Cagr: -0.26%
[DCF] Terminal Value 63.98% ; FCFF base≈714.1m ; Y1≈663.6m ; Y5≈602.1m
[DCF] Fair Price = 151.8 (EV 6.34b - Net Debt -1.10b = Equity 7.43b / Shares 49.0m; r=11.38% [WACC]; 5y FCF grow -8.87% → 2.50% )
EPS Correlation: 90.00 | EPS CAGR: 16.89% | SUE: 0.46 | # QB: 0
Revenue Correlation: 90.40 | Revenue CAGR: 10.73% | SUE: 0.25 | # QB: 0
EPS current Quarter (2026-09-30): EPS=6.15 | Chg30d=+5.96% | Revisions=+50% | Analysts=3
EPS current Year (2026-12-31): EPS=23.37 | Chg30d=+4.98% | Revisions=+80% | GrowthEPS=+55.3% | GrowthRev=+30.8%
EPS next Year (2027-12-31): EPS=30.52 | Chg30d=+9.93% | Revisions=+69% | GrowthEPS=+30.6% | GrowthRev=+28.5%
[Analyst] Revisions Ratio: +84% (up=27, down=1)