BESI Stock Analysis: BE Semiconductor Industries | AS
Semiconductor Equipment & Materials | AS, Netherlands | Market Cap: 15.698m EUR | 12M Return: 85.7% | NL0012866412 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 114M
EPS Trend: -16.4%
Qual. Beats: 0
Rev. Trend: 68.0%
Qual. Beats: 0
Warnings
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.
BE Semiconductor Industries N.V. (BESI) is a Netherlands-based supplier of semiconductor assembly equipment, operating through three business segments: Die Attach, Packaging, and Plating. Its product portfolio spans die bonding systems (including flip chip, TCB, and hybrid bonding tools), wafer-level molding and singulation systems, and plating equipment for tin, copper, precious metals, and solar applications, sold under the Fico, Meco, Datacon, and Esec brands.
The company serves multinational chip manufacturers, foundries, assembly subcontractors, and electronics/industrial customers across Europe, Asia, and other international markets, and was incorporated in 1995 with its headquarters in Duiven, the Netherlands.
As a member of the Semiconductor Materials & Equipment sub-industry, BESI focuses on the back-end of the semiconductor manufacturing process, a segment that has gained strategic importance as advanced packaging techniques such as 2.5D/3D integration, hybrid bonding, and fan-out wafer-level packaging become critical for high-performance computing, AI accelerators, and chiplet-based architectures.
- AI chip demand accelerates hybrid bonding equipment orders from TSMC
- Advanced packaging segment revenue grows on AI server demand
- China semiconductor equipment demand remains key revenue driver
| Net Income: 208.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.23 > 0.02 and ΔFCF/TA 5.96 > 1.0 |
| NWC/Revenue: 95.28% < 20% (prev 112.3%; Δ -17.07% < -1%) |
| CFO/TA 0.21 > 3% & CFO 248.4m > Net Income 208.7m |
| Net Debt (-138.2m) to EBITDA (304.5m): -0.45 < 3 |
| Current Ratio: 4.28 > 1.5 & < 3 |
| Outstanding Shares: last quarter (80.9m) vs 12m ago -0.44% < -2% |
| Gross Margin: 62.52% > 18% (prev 63.90%; Δ -1.38% > 0.5%) |
| Asset Turnover: 65.81% > 50% (prev 56.43%; Δ 9.38% > 0%) |
| Interest Coverage Ratio: 9.60 > 6 (EBIT TTM 265.9m / Interest Expense TTM 27.7m) |
| A: 0.60 (Total Current Assets 912.2m - Total Current Liabilities 213.0m) / Total Assets 1.16b |
| B: 0.11 (Retained Earnings 127.5m / Total Assets 1.16b) |
| C: 0.24 (EBIT TTM 265.9m / Avg Total Assets 1.12b) |
| D: 0.97 (Book Value of Equity 573.3m / Total Liabilities 589.6m) |
| Altman-Z'' = 6.93 = AAA |
| DSRI: 1.06 (Receivables 278.4m/215.7m, Revenue 733.8m/602.2m) |
| GMI: 1.02 (GM 63.90% / 62.52%) |
| AQI: 0.92 (AQ_t 0.16 / AQ_t-1 0.17) |
| SGI: 1.22 (Revenue 733.8m / 602.2m) |
| TATA: -0.03 (NI 208.7m - CFO 248.4m) / TA 1.16b) |
| Beneish M = -2.85 (Cap -4..+1) = A |
As of August 08, 2026, the stock is trading at EUR 221.40 with a total of 328,870 shares traded. Over the past week, the price has changed by +11.68%, over one month by -8.47%, over three months by -13.07% and over the past year by +85.74%.
Current recommended Stop Loss: 187.50 (which is 15.3% or 2.6 ATR below the current price).
BE Semiconductor Industries has no consensus analysts rating.
P/E Trailing = 75.3802
P/E Forward = 46.2963
P/S = 21.3915
P/B = 27.28
P/EG = 1.0096
Revenue TTM = 733.8m EUR
EBIT TTM = 265.9m EUR
EBITDA TTM = 304.5m EUR
Long Term Debt = 345.1m EUR (from longTermDebt, last quarter)
Short Term Debt = 2.38m EUR (from shortTermDebt, last quarter)
Debt = 370.9m EUR (from shortLongTermDebtTotal, last quarter) + Leases 12.9m
Net Debt = -138.2m EUR (calculated: Debt 370.9m - CCE 509.1m)
Enterprise Value = 15.6b EUR (15.7b + Debt 370.9m - CCE 509.1m)
Interest Coverage Ratio = 9.60 (Ebit TTM 265.9m / Interest Expense TTM 27.7m)
EV/FCF = 58.56x (Enterprise Value 15.6b / FCF TTM 265.7m)
FCF Yield = 1.71% (FCF TTM 265.7m / Enterprise Value 15.6b)
FCF Margin = 36.21% (FCF TTM 265.7m / Revenue TTM 733.8m)
Net Margin = 28.44% (Net Income TTM 208.7m / Revenue TTM 733.8m)
Gross Margin = 62.52% ((Revenue TTM 733.8m - Cost of Revenue TTM 275.0m) / Revenue TTM)
Gross Margin QoQ = 65.66% (prev 60.30%)
Tobins Q-Ratio = 13.38 (Enterprise Value 15.6b / Total Assets 1.16b)
Interest Expense / Debt = 7.47% (Interest Expense 27.7m / Debt 370.9m)
Taxrate = 13.43% (32.4m / 241.0m)
NOPAT = 230.2m (EBIT 265.9m * (1 - 13.43%))
Current Ratio = 3.07 (Total Current Assets 912.2m / Total Current Liabilities 297.1m)
Debt / Equity = 0.65 (Debt 370.9m / totalStockholderEquity, last quarter 573.3m)
Debt / EBITDA = -0.45 (Net Debt -138.2m / EBITDA 304.5m)
Debt / FCF = -0.52 (Net Debt -138.2m / FCF TTM 265.7m)
Total Stockholder Equity = 451.9m (last 4 quarters mean from totalStockholderEquity)
RoA = 18.71% (Net Income 208.7m / Total Assets 1.16b)
RoE = 46.17% (Net Income TTM 208.7m / Total Stockholder Equity 451.9m)
RoCE = 33.36% (EBIT 265.9m / Capital Employed (Equity 451.9m + L.T.Debt 345.1m))
RoIC = 25.14% (NOPAT 230.2m / Invested Capital 915.5m)
WACC = 11.25% (E(15.7b)/V(16.1b) * Re(11.36%) + D(370.9m)/V(16.1b) * Rd(7.47%) * (1-Tc(0.13)))
Discount Rate = 11.36% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -80.32 | Cagr: -0.64%
[DCF] Terminal Value 69.19% ; FCFF base≈231.5m ; Y1≈265.4m ; Y5≈390.6m
[DCF] Fair Price = 50.78 (EV 3.88b - Net Debt -138.2m = Equity 4.02b / Shares 79.2m; r=11.25% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -16.44 | EPS CAGR: -2.13% | SUE: -0.51 | # QB: 0
Revenue Correlation: 67.98 | Revenue CAGR: 5.37% | SUE: -0.34 | # QB: 0
EPS current Quarter (2026-09-30): EPS=1.32 | Chg30d=+16.23% | Revisions=+25% | Analysts=5
EPS current Year (2026-12-31): EPS=4.33 | Chg30d=+6.02% | Revisions=+56% | GrowthEPS=+161.0% | GrowthRev=+67.7%
EPS next Year (2027-12-31): EPS=6.47 | Chg30d=+2.79% | Revisions=+71% | GrowthEPS=+49.3% | GrowthRev=+35.0%
[Analyst] Revisions Ratio: +71% (up=25, down=3)