(BESI) BE Semiconductor Industries - Ratings and Ratios
Die Attach, Packaging, Plating
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 2.25% |
| Yield on Cost 5y | 4.43% |
| Yield CAGR 5y | 6.41% |
| Payout Consistency | 80.6% |
| Payout Ratio | 117.2% |
| Risk via 5d forecast | |
|---|---|
| Volatility | 47.4% |
| Value at Risk 5%th | 73.6% |
| Relative Tail Risk | -5.57% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.70 |
| Alpha | 19.12 |
| CAGR/Max DD | 0.72 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.527 |
| Beta | 0.404 |
| Beta Downside | 0.601 |
| Drawdowns 3y | |
|---|---|
| Max DD | 54.52% |
| Mean DD | 19.22% |
| Median DD | 19.84% |
Description: BESI BE Semiconductor Industries January 03, 2026
BE Semiconductor Industries N.V. (ticker BESI) designs, manufactures and services semiconductor assembly equipment across three product lines-Die Attach, Packaging and Plating-and sells to chip makers, assembly subcontractors and industrial electronics firms worldwide.
Key product categories include single-chip and multi-chip die-bonding systems (e.g., flip-chip, epoxy, soft-solder), wafer-level and ultra-thin molding equipment, and plating lines for tin, copper, precious-metal and solar applications. The company markets these under the Datacon, Esec, Fico and Meco brands from facilities in the Netherlands, Switzerland, Austria, Singapore and Malaysia.
From a financial-metric standpoint, BESI reported a 2023 revenue of €1.05 bn, up roughly 7 % YoY, driven primarily by higher demand for advanced packaging solutions in 5-nm and beyond nodes. The order backlog at year-end stood at €800 m, indicating ~9-month visibility, but the figure is volatile due to cyclical semiconductor capital-expenditure patterns.
Sector-level drivers that materially affect BESI’s outlook are (1) the global shift toward heterogeneous integration and chip-let architectures, which raises the spend on die-attach and wafer-level packaging equipment; (2) macro-economic headwinds such as slower consumer-electronics demand that can compress capex cycles; and (3) geopolitical supply-chain constraints-particularly in China-that may redirect equipment orders to European and Asian vendors.
Assuming the current pace of advanced-packaging adoption continues, BESI’s revenue CAGR could stay in the high-single-digit range through 2026; however, a sustained downturn in semiconductor fab spending would materially downgrade that projection.
For a deeper, data-driven assessment of BESI’s valuation and risk profile, you may find the analyst tools on ValueRay worth exploring.
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 |
| (C) 0.20 = EBIT TTM 188.4m / Avg Total Assets 922.1m |
| (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) 67.45
| 1. Piotroski 4.50pt |
| 2. FCF Yield 1.20% |
| 3. FCF Margin 27.52% |
| 4. Debt/Equity 1.48 |
| 5. Debt/Ebitda 0.90 |
| 6. ROIC - WACC (= 14.34)% |
| 7. RoE 36.94% |
| 8. Rev. Trend -59.33% |
| 9. EPS Trend -69.55% |
What is the price of BESI shares?
Over the past week, the price has changed by +3.41%, over one month by +31.78%, over three months by +19.08% and over the past year by +22.91%.
Is BESI a buy, sell or hold?
What are the forecasts/targets for the BESI price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 164 | -5.1% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 225.7 | 30.5% |
BESI Fundamental Data Overview January 20, 2026
P/E Trailing = 92.4599
P/E Forward = 56.1798
P/S = 23.5618
P/B = 37.7334
P/EG = 2.2609
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 = 13.83b EUR (13.63b + Debt 529.0m - CCE 330.2m)
Interest Coverage Ratio = 7.07 (Ebit TTM 188.4m / Interest Expense TTM 26.6m)
EV/FCF = 83.42x (Enterprise Value 13.83b / FCF TTM 165.8m)
FCF Yield = 1.20% (FCF TTM 165.8m / Enterprise Value 13.83b)
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 = 12.96 (Enterprise Value 13.83b / 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 = 18.40% (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 = 7.21% (E(13.63b)/V(14.16b) * Re(7.40%) + D(529.0m)/V(14.16b) * Rd(2.67%) * (1-Tc(0.15)))
Discount Rate = 7.40% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: -33.33 | Cagr: -1.59%
[DCF Debug] Terminal Value 80.11% ; FCFF base≈160.0m ; Y1≈148.9m ; Y5≈136.8m
Fair Price DCF = 34.04 (EV 2.88b - Net Debt 196.0m = Equity 2.68b / Shares 78.8m; r=7.21% [WACC]; 5y FCF grow -8.72% → 2.90% )
EPS Correlation: -69.55 | EPS CAGR: -21.68% | SUE: 0.14 | # QB: 0
Revenue Correlation: -59.33 | Revenue CAGR: -8.69% | SUE: -0.07 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.54 | Chg30d=-0.003 | Revisions Net=-1 | Analysts=5
EPS next Year (2026-12-31): EPS=3.30 | Chg30d=+0.000 | Revisions Net=-2 | Growth EPS=+96.0% | Growth Revenue=+42.8%