(BESI) BE Semiconductor Industries - Overview
Sector: Technology | Industry: Semiconductor Equipment & Materials | Exchange: AS (Netherlands) | Market Cap: 21.895m EUR | Total Return: 164.4% in 12m
Avg Turnover: 101M
EPS Trend: -64.2%
Qual. Beats: 0
Rev. Trend: 47.8%
Qual. Beats: 0
Warnings
P/E ratio 144.7
Tailwinds
Idiosyncratic Leader, 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: 0.15 > 0.02 and ΔFCF/TA -0.56 > 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 (243.3m): -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: 7.49 > 6 (EBIT TTM 207.1m / 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 207.1m / Avg Total Assets 1.22b) |
| D: 0.62 (Book Value of Equity 456.9m / Total Liabilities 742.0m) |
| Altman-Z'' = 6.18 = 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 06, 2026, the stock is trading at EUR 283.60 with a total of 354,811 shares traded.
Over the past week, the price has changed by -1.39%,
over one month by +16.09%,
over three months by +49.42% and
over the past year by +164.37%.
BE Semiconductor Industries has no consensus analysts rating.
P/E Trailing = 144.712
P/E Forward = 74.0741
P/S = 34.6403
P/B = 49.2333
P/EG = 2.3406
Revenue TTM = 632.1m EUR
EBIT TTM = 207.1m EUR
EBITDA TTM = 243.3m 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 = 21.8b EUR (21.9b + Debt 530.1m - CCE 611.4m)
Interest Coverage Ratio = 7.49 (Ebit TTM 207.1m / Interest Expense TTM 27.7m)
EV/FCF = 118.3x (Enterprise Value 21.8b / FCF TTM 184.4m)
FCF Yield = 0.85% (FCF TTM 184.4m / Enterprise Value 21.8b)
FCF Margin = 29.17% (FCF TTM 184.4m / 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 = 18.19 (Enterprise Value 21.8b / Total Assets 1.20b)
Interest Expense / Debt = 5.22% (Interest Expense 27.7m / Debt 530.1m)
Taxrate = 13.99% (24.7m / 176.4m)
NOPAT = 178.2m (EBIT 207.1m * (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 243.3m)
Debt / FCF = -0.44 (Net Debt -81.3m / FCF TTM 184.4m)
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 = 22.86% (EBIT 207.1m / Capital Employed (Equity 397.8m + L.T.Debt 508.1m))
RoIC = 18.40% (NOPAT 178.2m / Invested Capital 968.3m)
WACC = 10.06% (E(21.9b)/V(22.4b) * Re(10.19%) + D(530.1m)/V(22.4b) * Rd(5.22%) * (1-Tc(0.14)))
Discount Rate = 10.19% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -95.56 | Cagr: -1.44%
[DCF] Terminal Value 68.60% ; FCFF base≈189.6m ; Y1≈179.8m ; Y5≈169.9m
[DCF] Fair Price = 27.30 (EV 2.08b - Net Debt -81.3m = Equity 2.16b / Shares 79.2m; r=10.06% [WACC]; 5y FCF grow -6.62% → 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=+0.27% | Revisions=+64% | Analysts=7
EPS next Quarter (2026-09-30): EPS=1.14 | Chg30d=+0.21% | Revisions=+64% | Analysts=7
EPS current Year (2026-12-31): EPS=3.95 | Chg30d=+4.25% | Revisions=+71% | GrowthEPS=+138.1% | GrowthRev=+58.5%
EPS next Year (2027-12-31): EPS=5.93 | Chg30d=+5.61% | Revisions=+80% | GrowthEPS=+50.1% | GrowthRev=+33.9%
[Analyst] Revisions Ratio: +80%