Overview Dividends

(BESI) BE Semiconductor Industries - Ratings and Ratios

Exchange: AS • Country: Netherlands • Currency: EUR • Type: Common Stock • ISIN: NL0012866412

Die Attach Equipment, Packaging Equipment, Plating Equipment, Tooling, Spare Parts

BESI EPS (Earnings per Share)

EPS Growth (3Y CAGR): -14.98%
EPS Trend (3Y Correlation): -35.1%

BESI Revenue

Revenue Growth (3Y CAGR): -4.64%
Revenue Trend (3Y Correlation): 4.1%

Description: BESI BE Semiconductor Industries October 31, 2025

BE Semiconductor Industries N.V. (ticker BESI) designs, manufactures, and services semiconductor assembly equipment from its headquarters in Duiven, the Netherlands, with production sites in Europe and Asia. The firm operates through three core segments-Die Attach, Packaging, and Plating-serving global chip makers, assembly subcontractors, and industrial electronics customers.

The Die Attach line includes single-chip, multi-chip, flip-chip, epoxy and soft-solder bonding systems, as well as fan-out wafer-level packaging solutions. Packaging equipment covers conventional, ultra-thin, and wafer-level molding, plus trim-and-form and singulation tools. The Plating portfolio offers tin, copper, precious-metal, and solar plating systems together with consumable chemicals. These products are marketed under the Datacon, Esec, Fico, and Meco brand names.

Key performance indicators from the most recent fiscal year show a ≈ 12% year-over-year revenue increase to € 1.1 bn, driven largely by rising demand for advanced-packaging solutions in 5G smartphones and automotive electronics. The company’s order backlog sits at roughly 1.4× annual revenue, providing a cushion against short-term cyclicality. A primary sector driver is the industry-wide shift toward heterogeneous integration and chip-let architectures, which expands the addressable market for die-attach and wafer-level packaging equipment.

For a deeper quantitative assessment, you may explore BESI’s metrics on ValueRay’s platform.

BESI Stock Overview

Market Cap in USD	13,470m
Sub-Industry	Semiconductor Materials & Equipment
IPO / Inception	1995-12-04

BESI Stock Ratings

Growth Rating	70.9%
Fundamental	74.0%
Dividend Rating	54.3%
Return 12m vs S&P 500	24.4%
Analyst Rating	-

BESI Dividends

Dividend Yield 12m	1.48%
Yield on Cost 5y	7.26%
Annual Growth 5y	20.79%
Payout Consistency	79.3%
Payout Ratio	89.0%

BESI Growth Ratios

Growth Correlation 3m	75.9%
Growth Correlation 12m	30.5%
Growth Correlation 5y	80.9%
CAGR 5y	36.82%
CAGR/Max DD 3y (Calmar Ratio)	0.68
CAGR/Mean DD 3y (Pain Ratio)	2.02
Sharpe Ratio 12m	1.16
Alpha	27.81
Beta	1.231
Volatility	43.28%
Current Volume	527k
Average Volume 20d	469.6k
Stop Loss	140.9 (-4.2%)
Signal	0.04

Piotroski VR‑10 (Strict, 0-10) 4.5

Net Income (169.6m TTM) > 0 and > 6% of Revenue (6% = 36.1m TTM)

FCFTA 0.16 (>2.0%) and ΔFCFTA -3.94pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 112.3% (prev 75.77%; Δ 36.58pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.19 (>3.0%) and CFO 206.3m > Net Income 169.6m (YES >=105%, WARN >=100%)

Net Debt (196.0m) to EBITDA (218.0m) ratio: 0.90 <= 3.0 (WARN <= 3.5)

Current Ratio 5.73 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (79.1m) change vs 12m ago -0.74% (target <= -2.0% for YES)

Gross Margin 63.90% (prev 65.48%; Δ -1.58pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 65.31% (prev 74.71%; Δ -9.40pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 7.07 (EBITDA TTM 218.0m / Interest Expense TTM 26.6m) >= 6 (WARN >= 3)

Altman Z'' 5.77

(A) 0.63 = (Total Current Assets 819.6m - Total Current Liabilities 143.0m) / Total Assets 1.07b

(B) 0.05 = Retained Earnings (Balance) 51.7m / Total Assets 1.07b

(D) 0.07 = Book Value of Equity 51.7m / Total Liabilities 710.5m

Total Rating: 5.77 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 74.03

1. Piotroski 4.50pt = -0.50

2. FCF Yield 1.40% = 0.70

3. FCF Margin 27.52% = 6.88

4. Debt/Equity 1.48 = 1.49

5. Debt/Ebitda 0.90 = 1.90

6. ROIC - WACC (= 11.35)% = 12.50

7. RoE 36.94% = 2.50

8. Rev. Trend 4.10% = 0.31

9. EPS Trend -35.15% = -1.76

What is the price of BESI shares?

As of November 01, 2025, the stock is trading at EUR 147.05 with a total of 526,955 shares traded.
Over the past week, the price has changed by +1.94%, over one month by +16.34%, over three months by +20.14% and over the past year by +47.60%.

Is BE Semiconductor Industries a good stock to buy?

Partly, yes. Based on ValueRay´s Fundamental Analyses, BE Semiconductor Industries (AS:BESI) is currently (November 2025) ok to buy, but has to be watched. It has a ValueRay Fundamental Rating of 74.03 and therefor a somewhat positive outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of BESI is around 167.49 EUR . This means that BESI is currently undervalued and has a potential upside of +13.9% (Margin of Safety).

Is BESI a buy, sell or hold?

BE Semiconductor Industries has no consensus analysts rating.

What are the forecasts/targets for the BESI price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	145	-1.4%
Analysts Target Price	-	-
ValueRay Target Price	189.6	28.9%

BESI Fundamental Data Overview January 01, 1970

Market Cap USD = 13.47b (11.60b EUR * 1.1608 EUR.USD)
Market Cap EUR = 11.60b (11.60b EUR * 1.0 EUR.EUR)
P/E Trailing = 78.2181
P/E Forward = 43.8596
P/S = 20.0623
P/B = 28.8747
P/EG = 1.7644
Beta = 1.231
Revenue TTM = 602.2m EUR
EBIT TTM = 188.4m EUR
EBITDA TTM = 218.0m EUR
Long Term Debt = 526.2m EUR (from longTermDebt, last quarter)
Short Term Debt = 2.82m EUR (from shortLongTermDebt, last fiscal year)
Debt = 529.0m EUR (Calculated: Short Term 2.82m + Long Term 526.2m)
Net Debt = 196.0m EUR (from netDebt column, last quarter)
Enterprise Value = 11.80b EUR (11.60b + Debt 529.0m - CCE 330.2m)
Interest Coverage Ratio = 7.07 (Ebit TTM 188.4m / Interest Expense TTM 26.6m)
FCF Yield = 1.40% (FCF TTM 165.8m / Enterprise Value 11.80b)
FCF Margin = 27.52% (FCF TTM 165.8m / Revenue TTM 602.2m)
Net Margin = 28.17% (Net Income TTM 169.6m / Revenue TTM 602.2m)
Gross Margin = 63.90% ((Revenue TTM 602.2m - Cost of Revenue TTM 217.4m) / Revenue TTM)
Gross Margin QoQ = 63.26% (prev 63.63%)
Tobins Q-Ratio = 11.06 (Enterprise Value 11.80b / Total Assets 1.07b)
Interest Expense / Debt = 2.67% (Interest Expense 14.1m / Debt 529.0m)
Taxrate = 15.21% (5.75m / 37.8m)
NOPAT = 159.7m (EBIT 188.4m * (1 - 15.21%))
Current Ratio = 5.73 (Total Current Assets 819.6m / Total Current Liabilities 143.0m)
Debt / Equity = 1.48 (Debt 529.0m / totalStockholderEquity, last quarter 356.8m)
Debt / EBITDA = 0.90 (Net Debt 196.0m / EBITDA 218.0m)
Debt / FCF = 1.18 (Net Debt 196.0m / FCF TTM 165.8m)
Total Stockholder Equity = 459.2m (last 4 quarters mean from totalStockholderEquity)
RoA = 15.89% (Net Income 169.6m / Total Assets 1.07b)
RoE = 36.94% (Net Income TTM 169.6m / Total Stockholder Equity 459.2m)
RoCE = 19.12% (EBIT 188.4m / Capital Employed (Equity 459.2m + L.T.Debt 526.2m))
RoIC = 21.54% (NOPAT 159.7m / Invested Capital 741.5m)
WACC = 10.19% (E(11.60b)/V(12.13b) * Re(10.55%) + D(529.0m)/V(12.13b) * Rd(2.67%) * (1-Tc(0.15)))
Discount Rate = 10.55% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -1.59%
[DCF Debug] Terminal Value 68.28% ; FCFE base≈160.0m ; Y1≈149.0m ; Y5≈137.1m
Fair Price DCF = 21.02 (DCF Value 1.66b / Shares Outstanding 78.9m; 5y FCF grow -8.72% → 3.0% )
EPS Correlation: -35.15 | EPS CAGR: -14.98% | SUE: 0.14 | # QB: 0
Revenue Correlation: 4.10 | Revenue CAGR: -4.64% | SUE: -0.07 | # QB: 0

Additional Sources for BESI Stock

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