(BESI) BE Semiconductor Industries - AS
Sector: Technology | Industry: Semiconductor Equipment & Materials | Exchange: AS (Netherlands) | Market Cap: 24.536m EUR | Total Return: 119.2% in 12m
Avg Turnover: 132M
EPS Trend: -64.2%
Qual. Beats: 0
Rev. Trend: 47.8%
Qual. Beats: 0
Warnings
P/E ratio 161.4
Tailwinds
Confidence
BE Semiconductor Industries N.V. (Besi) designs and services high-precision assembly equipment for the global semiconductor and electronics industries. Operating through Die Attach, Packaging, and Plating segments, the company provides systems for die bonding, wafer-level packaging, and singulation under brands such as Fico, Meco, Datacon, and Esec.
The business model centers on the back-end of semiconductor manufacturing, where processed wafers are assembled into finished chips. Besi is a key player in the advanced packaging market, a sector currently driven by the demand for heterogeneous integration and high-performance computing applications.
Headquartered in the Netherlands, the company serves a diverse client base including multinational chip manufacturers, independent foundries, and assembly subcontractors. You can further analyze these market dynamics and competitive positioning on ValueRay.
- Hybrid bonding adoption accelerates revenue growth in high-end artificial intelligence applications
- Expansion of advanced packaging capacity by foundries drives die attach equipment orders
- Cyclical volatility in mainstream computing and smartphone markets impacts quarterly earnings performance
- Competitive pressure in thermal compression bonding affects long-term market share and margins
- Shift toward fan-out wafer level packaging increases demand for precision molding systems
| Net Income: 151.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.16 > 0.02 and ΔFCF/TA 0.04 > 1.0 |
| NWC/Revenue: 117.6% < 20% (prev 140.0%; Δ -22.36% < -1%) |
| CFO/TA 0.19 > 3% & CFO 226.7m > Net Income 151.7m |
| Net Debt (-81.3m) to EBITDA (245.2m): -0.33 < 3 |
| Current Ratio: 4.74 > 1.5 & < 3 |
| Outstanding Shares: last quarter (79.5m) vs 12m ago -2.54% < -2% |
| Gross Margin: 61.45% > 18% (prev 64.33%; Δ -2.88% > 0.5%) |
| Asset Turnover: 51.85% > 50% (prev 48.86%; Δ 3.00% > 0%) |
| Interest Coverage Ratio: 7.56 > 6 (EBIT TTM 209.0m / Interest Expense TTM 27.7m) |
| A: 0.62 (Total Current Assets 942.7m - Total Current Liabilities 199.1m) / Total Assets 1.20b |
| B: 0.10 (Retained Earnings 118.8m / Total Assets 1.20b) |
| C: 0.17 (EBIT TTM 209.0m / Avg Total Assets 1.22b) |
| D: 0.62 (Book Value of Equity 456.9m / Total Liabilities 742.0m) |
| Altman-Z'' = 6.19 = AAA |
| DSRI: 1.05 (Receivables 186.4m/170.4m, Revenue 632.1m/605.3m) |
| GMI: 1.05 (GM 64.33% / 61.45%) |
| AQI: 1.12 (AQ_t 0.16 / AQ_t-1 0.14) |
| SGI: 1.04 (Revenue 632.1m / 605.3m) |
| TATA: -0.06 (NI 151.7m - CFO 226.7m) / TA 1.20b) |
| Beneish M = -2.85 (Cap -4..+1) = A |
As of June 27, 2026, the stock is trading at EUR 282.70 with a total of 339,232 shares traded. Over the past week, the price has changed by -8.75%, over one month by -0.46%, over three months by +53.44% and over the past year by +119.17%.
Current recommended Stop Loss: 258.70 (which is 8.5% or 1.6 ATR below the current price).
BE Semiconductor Industries has no consensus analysts rating.
P/E Trailing = 161.3542
P/E Forward = 80.6452
P/S = 38.8184
P/B = 53.6951
P/EG = 2.5533
Revenue TTM = 632.1m EUR
EBIT TTM = 209.0m EUR
EBITDA TTM = 245.2m EUR
Long Term Debt = 508.1m EUR (from longTermDebt, last quarter)
Short Term Debt = unknown (none)
Debt = 530.1m EUR (from shortLongTermDebtTotal, last quarter) + Leases 11.0m
Net Debt = -81.3m EUR (calculated: Debt 530.1m - CCE 611.4m)
Enterprise Value = 24.5b EUR (24.5b + Debt 530.1m - CCE 611.4m)
Interest Coverage Ratio = 7.56 (Ebit TTM 209.0m / Interest Expense TTM 27.7m)
EV/FCF = 127.7x (Enterprise Value 24.5b / FCF TTM 191.5m)
FCF Yield = 0.78% (FCF TTM 191.5m / Enterprise Value 24.5b)
FCF Margin = 30.30% (FCF TTM 191.5m / Revenue TTM 632.1m)
Net Margin = 24.00% (Net Income TTM 151.7m / Revenue TTM 632.1m)
Gross Margin = 61.45% ((Revenue TTM 632.1m - Cost of Revenue TTM 243.6m) / Revenue TTM)
Gross Margin QoQ = 60.30% (prev 63.86%)
Tobins Q-Ratio = 20.40 (Enterprise Value 24.5b / Total Assets 1.20b)
Interest Expense / Debt = 5.22% (Interest Expense 27.7m / Debt 530.1m)
Taxrate = 13.99% (24.7m / 176.4m)
NOPAT = 179.8m (EBIT 209.0m * (1 - 13.99%))
Current Ratio = 3.53 (Total Current Assets 942.7m / Total Current Liabilities 267.3m)
Debt / Equity = 1.16 (Debt 530.1m / totalStockholderEquity, last quarter 456.9m)
Debt / EBITDA = -0.33 (Net Debt -81.3m / EBITDA 245.2m)
Debt / FCF = -0.42 (Net Debt -81.3m / FCF TTM 191.5m)
Total Stockholder Equity = 397.8m (last 4 quarters mean from totalStockholderEquity)
RoA = 12.45% (Net Income 151.7m / Total Assets 1.20b)
RoE = 38.13% (Net Income TTM 151.7m / Total Stockholder Equity 397.8m)
RoCE = 23.07% (EBIT 209.0m / Capital Employed (Equity 397.8m + L.T.Debt 508.1m))
RoIC = 18.57% (NOPAT 179.8m / Invested Capital 968.3m)
WACC = 10.04% (E(24.5b)/V(25.1b) * Re(10.16%) + D(530.1m)/V(25.1b) * Rd(5.22%) * (1-Tc(0.14)))
Discount Rate = 10.16% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -95.56 | Cagr: -1.44%
[DCF] Terminal Value 69.27% ; FCFF base≈193.9m ; Y1≈189.8m ; Y5≈191.1m
[DCF] Fair Price = 30.39 (EV 2.33b - Net Debt -81.3m = Equity 2.41b / Shares 79.2m; r=10.04% [WACC]; 5y FCF grow -3.00% → 2.50% )
EPS Correlation: -64.23 | EPS CAGR: -6.95% | SUE: 0.0 | # QB: 0
Revenue Correlation: 47.82 | Revenue CAGR: 1.79% | SUE: -0.17 | # QB: 0
EPS current Quarter (2026-06-30): EPS=1.13 | Chg30d=+0.00% | Revisions=+64% | Analysts=7
EPS next Quarter (2026-09-30): EPS=1.14 | Chg30d=+0.16% | Revisions=+64% | Analysts=7
EPS current Year (2026-12-31): EPS=4.03 | Chg30d=+2.11% | Revisions=+71% | GrowthEPS=+143.1% | GrowthRev=+60.8%
EPS next Year (2027-12-31): EPS=6.20 | Chg30d=+4.63% | Revisions=+80% | GrowthEPS=+53.8% | GrowthRev=+35.5%
[Analyst] Revisions Ratio: +80%