(BESI) BE Semiconductor Industries - Overview
Stock: Die Attach, Packaging, Plating
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 2.25% |
| Yield on Cost 5y | 4.24% |
| Yield CAGR 5y | 6.41% |
| Payout Consistency | 80.6% |
| Payout Ratio | 2.0% |
| Risk 5d forecast | |
|---|---|
| Volatility | 47.4% |
| Relative Tail Risk | -5.85% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.96 |
| Alpha | 37.44 |
| Character TTM | |
|---|---|
| Beta | 0.413 |
| Beta Downside | 0.462 |
| Drawdowns 3y | |
|---|---|
| Max DD | 54.52% |
| CAGR/Max DD | 0.64 |
Description: BESI BE Semiconductor Industries January 03, 2026
BE Semiconductor Industries N.V. (ticker BESI) designs, manufactures and services semiconductor assembly equipment across three product lines-Die Attach, Packaging and Plating-and sells to chip makers, assembly subcontractors and industrial electronics firms worldwide.
Key product categories include single-chip and multi-chip die-bonding systems (e.g., flip-chip, epoxy, soft-solder), wafer-level and ultra-thin molding equipment, and plating lines for tin, copper, precious-metal and solar applications. The company markets these under the Datacon, Esec, Fico and Meco brands from facilities in the Netherlands, Switzerland, Austria, Singapore and Malaysia.
From a financial-metric standpoint, BESI reported a 2023 revenue of €1.05 bn, up roughly 7 % YoY, driven primarily by higher demand for advanced packaging solutions in 5-nm and beyond nodes. The order backlog at year-end stood at €800 m, indicating ~9-month visibility, but the figure is volatile due to cyclical semiconductor capital-expenditure patterns.
Sector-level drivers that materially affect BESI’s outlook are (1) the global shift toward heterogeneous integration and chip-let architectures, which raises the spend on die-attach and wafer-level packaging equipment; (2) macro-economic headwinds such as slower consumer-electronics demand that can compress capex cycles; and (3) geopolitical supply-chain constraints-particularly in China-that may redirect equipment orders to European and Asian vendors.
Assuming the current pace of advanced-packaging adoption continues, BESI’s revenue CAGR could stay in the high-single-digit range through 2026; however, a sustained downturn in semiconductor fab spending would materially downgrade that projection.
For a deeper, data-driven assessment of BESI’s valuation and risk profile, you may find the analyst tools on ValueRay worth exploring.
Piotroski VR‑10 (Strict, 0-10) 6.0
| Net Income: 148.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.16 > 0.02 and ΔFCF/TA 1.93 > 1.0 |
| NWC/Revenue: 117.0% < 20% (prev 133.0%; Δ -16.02% < -1%) |
| CFO/TA 0.18 > 3% & CFO 194.1m > Net Income 148.1m |
| Net Debt (189.3m) to EBITDA (211.4m): 0.90 < 3 |
| Current Ratio: 5.75 > 1.5 & < 3 |
| Outstanding Shares: last quarter (81.2m) vs 12m ago 2.11% < -2% |
| Gross Margin: 62.34% > 18% (prev 0.65%; Δ 6169 % > 0.5%) |
| Asset Turnover: 51.77% > 50% (prev 52.62%; Δ -0.86% > 0%) |
| Interest Coverage Ratio: 7.10 > 6 (EBITDA TTM 211.4m / Interest Expense TTM 25.4m) |
Altman Z'' 6.01
| A: 0.63 (Total Current Assets 819.1m - Total Current Liabilities 142.4m) / Total Assets 1.07b |
| B: 0.16 (Retained Earnings 170.0m / Total Assets 1.07b) |
| C: 0.16 (EBIT TTM 180.1m / Avg Total Assets 1.12b) |
| D: 0.24 (Book Value of Equity 170.8m / Total Liabilities 707.2m) |
| Altman-Z'' Score: 6.01 = AAA |
Beneish M -2.92
| DSRI: 0.94 (Receivables 150.1m/169.3m, Revenue 578.4m/613.7m) |
| GMI: 1.05 (GM 62.34% / 65.46%) |
| AQI: 1.33 (AQ_t 0.17 / AQ_t-1 0.13) |
| SGI: 0.94 (Revenue 578.4m / 613.7m) |
| TATA: -0.04 (NI 148.1m - CFO 194.1m) / TA 1.07b) |
| Beneish M-Score: -2.92 (Cap -4..+1) = A |
What is the price of BESI shares?
Over the past week, the price has changed by +0.55%, over one month by +9.53%, over three months by +21.29% and over the past year by +45.12%.
Is BESI a buy, sell or hold?
What are the forecasts/targets for the BESI price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 170.8 | 3.2% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 218.4 | 31.9% |
BESI Fundamental Data Overview February 03, 2026
P/E Trailing = 87.9679
P/E Forward = 52.9101
P/S = 22.4123
P/B = 35.4671
P/EG = 2.1256
Revenue TTM = 578.4m EUR
EBIT TTM = 180.1m EUR
EBITDA TTM = 211.4m EUR
Long Term Debt = 525.7m EUR (from longTermDebt, last fiscal year)
Short Term Debt = 6.71m EUR (from shortTermDebt, last fiscal year)
Debt = 537.9m EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 189.3m EUR (from netDebt column, last quarter)
Enterprise Value = 12.98b EUR (12.96b + Debt 537.9m - CCE 518.6m)
Interest Coverage Ratio = 7.10 (Ebit TTM 180.1m / Interest Expense TTM 25.4m)
EV/FCF = 78.39x (Enterprise Value 12.98b / FCF TTM 165.6m)
FCF Yield = 1.28% (FCF TTM 165.6m / Enterprise Value 12.98b)
FCF Margin = 28.63% (FCF TTM 165.6m / Revenue TTM 578.4m)
Net Margin = 25.61% (Net Income TTM 148.1m / Revenue TTM 578.4m)
Gross Margin = 62.34% ((Revenue TTM 578.4m - Cost of Revenue TTM 217.8m) / Revenue TTM)
Gross Margin QoQ = 58.03% (prev 63.26%)
Tobins Q-Ratio = 12.15 (Enterprise Value 12.98b / Total Assets 1.07b)
Interest Expense / Debt = 1.14% (Interest Expense 6.13m / Debt 537.9m)
Taxrate = 12.73% (3.69m / 29.0m)
NOPAT = 157.2m (EBIT 180.1m * (1 - 12.73%))
Current Ratio = 5.75 (Total Current Assets 819.1m / Total Current Liabilities 142.4m)
Debt / Equity = 1.49 (Debt 537.9m / totalStockholderEquity, last quarter 361.2m)
Debt / EBITDA = 0.90 (Net Debt 189.3m / EBITDA 211.4m)
Debt / FCF = 1.14 (Net Debt 189.3m / FCF TTM 165.6m)
Total Stockholder Equity = 433.1m (last 4 quarters mean from totalStockholderEquity)
RoA = 13.26% (Net Income 148.1m / Total Assets 1.07b)
RoE = 34.20% (Net Income TTM 148.1m / Total Stockholder Equity 433.1m)
RoCE = 18.79% (EBIT 180.1m / Capital Employed (Equity 433.1m + L.T.Debt 525.7m))
RoIC = 19.34% (NOPAT 157.2m / Invested Capital 813.0m)
WACC = 7.18% (E(12.96b)/V(13.50b) * Re(7.44%) + D(537.9m)/V(13.50b) * Rd(1.14%) * (1-Tc(0.13)))
Discount Rate = 7.44% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: -100.0 | Cagr: -0.56%
[DCF Debug] Terminal Value 80.46% ; FCFF base≈162.7m ; Y1≈154.1m ; Y5≈146.5m
Fair Price DCF = 36.84 (EV 3.09b - Net Debt 189.3m = Equity 2.90b / Shares 78.8m; r=7.18% [WACC]; 5y FCF grow -6.80% → 2.90% )
EPS Correlation: -69.55 | EPS CAGR: -21.68% | SUE: 0.14 | # QB: 0
Revenue Correlation: -55.43 | Revenue CAGR: -6.64% | SUE: -0.06 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.55 | Chg30d=+0.007 | Revisions Net=+0 | Analysts=5
EPS next Year (2026-12-31): EPS=3.35 | Chg30d=+0.057 | Revisions Net=+3 | Growth EPS=+99.2% | Growth Revenue=+44.4%