ASM Stock Analysis: ASM International | AS
Semiconductor Equipment & Materials | AS, Netherlands | Market Cap: 47.693m EUR | 12M Return: 73.6% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 180M
EPS Trend: 77.6%
Qual. Beats: 1
Rev. Trend: 86.4%
Qual. Beats: 1
Warnings
No concerns identified
Tailwinds
Seasonality 10.5 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: 991.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA -6.25 > 1.0 |
| NWC/Revenue: 48.19% < 20% (prev 43.12%; Δ 5.06% < -1%) |
| CFO/TA 0.13 > 3% & CFO 761.2m > Net Income 991.1m |
| Net Debt (-895.7m) to EBITDA (1.42b): -0.63 < 3 |
| Current Ratio: 2.25 > 1.5 & < 3 |
| Outstanding Shares: last quarter (49.1m) vs 12m ago -0.00% < -2% |
| Gross Margin: 51.80% > 18% (prev 50.79%; Δ 1.00% > 0.5%) |
| Asset Turnover: 58.28% > 50% (prev 60.94%; Δ -2.67% > 0%) |
| Interest Coverage Ratio: 1.29k > 6 (EBIT TTM 1.16b / Interest Expense TTM 900k) |
| A: 0.26 (Total Current Assets 2.78b - Total Current Liabilities 1.24b) / Total Assets 5.83b |
| B: 0.73 (Retained Earnings 4.24b / Total Assets 5.83b) |
| C: 0.21 (EBIT TTM 1.16b / Avg Total Assets 5.49b) |
| D: 2.78 (Book Value of Equity 4.29b / Total Liabilities 1.54b) |
| Altman-Z'' = 8.45 = AAA |
| DSRI: 1.34 (Receivables 1.12b/818.9m, Revenue 3.20b/3.13b) |
| GMI: 0.98 (GM 50.79% / 51.80%) |
| AQI: 1.02 (AQ_t 0.40 / AQ_t-1 0.39) |
| SGI: 1.02 (Revenue 3.20b / 3.13b) |
| TATA: 0.04 (NI 991.1m - CFO 761.2m) / TA 5.83b) |
| Beneish M = -2.73 (Cap -4..+1) = A |
As of July 09, 2026, the stock is trading at EUR 889.80 with a total of 130,508 shares traded. Over the past week, the price has changed by -10.39%, over one month by -0.02%, over three months by +22.13% and over the past year by +73.58%.
Current recommended Stop Loss: 795.60 (which is 10.6% or 1.9 ATR below the current price).
ASM International has no consensus analysts rating.
P/E Trailing = 48.321
P/E Forward = 45.045
P/S = 14.9205
P/B = 11.1209
P/EG = 2.1587
Revenue TTM = 3.20b EUR
EBIT TTM = 1.16b EUR
EBITDA TTM = 1.42b EUR
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = 85.9m EUR (from shortLongTermDebtTotal, last quarter) + Leases 13.9m
Net Debt = -895.7m EUR (calculated: Debt 85.9m - CCE 981.6m)
Enterprise Value = 46.8b EUR (47.7b + Debt 85.9m - CCE 981.6m)
Interest Coverage Ratio = 1.29k (Ebit TTM 1.16b / Interest Expense TTM 900k)
EV/FCF = 100.1x (Enterprise Value 46.8b / FCF TTM 467.7m)
FCF Yield = 1.00% (FCF TTM 467.7m / Enterprise Value 46.8b)
FCF Margin = 14.63% (FCF TTM 467.7m / Revenue TTM 3.20b)
Net Margin = 31.01% (Net Income TTM 991.1m / Revenue TTM 3.20b)
Gross Margin = 51.80% ((Revenue TTM 3.20b - Cost of Revenue TTM 1.54b) / Revenue TTM)
Gross Margin QoQ = 53.31% (prev 49.79%)
Tobins Q-Ratio = 8.03 (Enterprise Value 46.8b / Total Assets 5.83b)
Interest Expense / Debt = 1.05% (Interest Expense 900k / Debt 85.9m)
Taxrate = 17.96% (216.9m / 1.21b)
NOPAT = 953.6m (EBIT 1.16b * (1 - 17.96%))
Current Ratio = 2.25 (Total Current Assets 2.78b / Total Current Liabilities 1.24b)
Debt / Equity = 0.02 (Debt 85.9m / totalStockholderEquity, last quarter 4.29b)
Debt / EBITDA = -0.63 (Net Debt -895.7m / EBITDA 1.42b)
Debt / FCF = -1.92 (Net Debt -895.7m / FCF TTM 467.7m)
Total Stockholder Equity = 3.93b (last 4 quarters mean from totalStockholderEquity)
RoA = 18.07% (Net Income 991.1m / Total Assets 5.83b)
RoE = 25.25% (Net Income TTM 991.1m / Total Stockholder Equity 3.93b)
RoCE = 25.31% (EBIT 1.16b / Capital Employed (Total Assets 5.83b - Current Liab 1.24b))
RoIC = 21.51% (NOPAT 953.6m / Invested Capital 4.43b)
WACC = 10.86% (E(47.7b)/V(47.8b) * Re(10.88%) + D(85.9m)/V(47.8b) * Rd(1.05%) * (1-Tc(0.18)))
Discount Rate = 10.88% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -60.0 | Cagr: -0.33%
[DCF] Terminal Value 64.33% ; FCFF base≈574.1m ; Y1≈503.5m ; Y5≈406.8m
[DCF] Fair Price = 113.0 (EV 4.63b - Net Debt -895.7m = Equity 5.52b / Shares 48.9m; r=10.86% [WACC]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: 77.58 | EPS CAGR: 11.61% | SUE: 1.16 | # QB: 1
Revenue Correlation: 86.37 | Revenue CAGR: 9.57% | SUE: 1.46 | # QB: 1
EPS current Quarter (2026-06-30): EPS=5.73 | Chg30d=+2.91% | Revisions=+50% | Analysts=4
EPS next Quarter (2026-09-30): EPS=5.80 | Chg30d=+2.93% | Revisions=+25% | Analysts=4
EPS current Year (2026-12-31): EPS=22.25 | Chg30d=+1.06% | Revisions=+29% | GrowthEPS=+47.9% | GrowthRev=+25.8%
EPS next Year (2027-12-31): EPS=27.71 | Chg30d=+2.64% | Revisions=+40% | GrowthEPS=+24.5% | GrowthRev=+20.9%
[Analyst] Revisions Ratio: +62% (up=9, down=1)