BESI Stock Analysis: BE Semiconductor Industries | AS
Semiconductor Equipment & Materials | AS, Netherlands | Market Cap: 22.388m EUR | 12M Return: 125.4% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 126M
EPS Trend: -64.2%
Qual. Beats: 0
Rev. Trend: 47.8%
Qual. Beats: 0
Warnings
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.
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: 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 July 04, 2026, the stock is trading at EUR 273.10 with a total of 225,799 shares traded. Over the past week, the price has changed by -3.40%, over one month by -5.31%, over three months by +43.62% and over the past year by +125.36%.
Current recommended Stop Loss: 253.00 (which is 7.4% or 1.3 ATR below the current price).
BE Semiconductor Industries has no consensus analysts rating.
P/E Trailing = 147.2396
P/E Forward = 72.9927
P/S = 35.4203
P/B = 48.9947
P/EG = 1.6362
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 = 22.3b EUR (22.4b + Debt 530.1m - CCE 611.4m)
Interest Coverage Ratio = 7.56 (Ebit TTM 209.0m / Interest Expense TTM 27.7m)
EV/FCF = 116.5x (Enterprise Value 22.3b / FCF TTM 191.5m)
FCF Yield = 0.86% (FCF TTM 191.5m / Enterprise Value 22.3b)
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 = 18.61 (Enterprise Value 22.3b / 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 = 9.99% (E(22.4b)/V(22.9b) * Re(10.12%) + D(530.1m)/V(22.9b) * Rd(5.22%) * (1-Tc(0.14)))
Discount Rate = 10.12% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -95.56 | Cagr: -1.44%
[DCF] Terminal Value 69.43% ; FCFF base≈193.9m ; Y1≈189.8m ; Y5≈191.1m
[DCF] Fair Price = 30.58 (EV 2.34b - Net Debt -81.3m = Equity 2.42b / Shares 79.2m; r=9.99% [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 (2026-09-30): EPS=1.14 | Chg30d=+0.16% | Revisions=+64% | Analysts=7
EPS current Year (2026-12-31): EPS=4.07 | Chg30d=+3.01% | Revisions=+71% | GrowthEPS=+145.2% | GrowthRev=+60.7%
EPS next Year (2027-12-31): EPS=6.27 | Chg30d=+5.78% | Revisions=+80% | GrowthEPS=+54.1% | GrowthRev=+37.1%
[Analyst] Revisions Ratio: +80%