Financials BE Semiconductor Industries N.V.

Equities

BESI

NL0012866412

Semiconductor Equipment & Testing

Market Closed - Euronext Amsterdam 11:37:02 2024-06-21 EDT 5-day change 1st Jan Change
153.2 EUR -2.20% Intraday chart for BE Semiconductor Industries N.V. -0.23% +12.31%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 2,498 3,532 5,825 4,507 10,527 11,803 - -
Enterprise Value (EV) 1 2,368 3,334 5,455 4,161 10,414 11,665 11,599 11,447
P/E ratio 32.5 x 29.7 x 22.1 x 19.5 x 61.2 x 57.4 x 33.6 x 24.2 x
Yield 2.93% 3.43% 4.44% 5.04% 1.58% 1.74% 2.6% 3.32%
Capitalization / Revenue 7.01 x 8.15 x 7.77 x 6.24 x 18.2 x 16.8 x 11.7 x 9.1 x
EV / Revenue 6.65 x 7.69 x 7.28 x 5.76 x 18 x 16.6 x 11.5 x 8.83 x
EV / EBITDA 21.2 x 19.7 x 16.3 x 13.1 x 43.6 x 39.9 x 24.7 x 18.8 x
EV / FCF 20.1 x 21.1 x 21.9 x 17.1 x 57.7 x 55.3 x 38.2 x 26.5 x
FCF Yield 4.97% 4.73% 4.57% 5.85% 1.73% 1.81% 2.62% 3.77%
Price to Book 8.34 x 9.73 x 9.45 x 7.06 x 26.8 x 25.6 x 20.6 x 16.8 x
Nbr of stocks (in thousands) 72,489 71,246 77,646 79,693 77,147 77,016 - -
Reference price 2 34.46 49.58 75.02 56.56 136.4 153.2 153.2 153.2
Announcement Date 2/20/20 2/19/21 2/18/22 2/22/23 2/22/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 356.2 433.6 749.3 722.9 578.9 704.1 1,006 1,297
EBITDA 1 111.7 169 335.1 317.1 239.1 292.4 468.6 608.6
EBIT 1 91.92 149.9 317.6 294.1 213.4 259.7 432.5 585.7
Operating Margin 25.81% 34.56% 42.38% 40.69% 36.86% 36.88% 42.98% 45.15%
Earnings before Tax (EBT) 1 78.14 137.5 303.8 275.5 207.7 254.3 418.3 555
Net income 1 81.32 132.3 282.4 240.6 177.1 219.3 359.2 479.3
Net margin 22.83% 30.5% 37.69% 33.29% 30.59% 31.14% 35.69% 36.95%
EPS 2 1.060 1.670 3.390 2.900 2.230 2.672 4.561 6.337
Free Cash Flow 1 117.6 157.8 249.5 243.5 180.6 210.8 303.8 431.2
FCF margin 33.01% 36.39% 33.3% 33.68% 31.19% 29.94% 30.19% 33.25%
FCF Conversion (EBITDA) 105.28% 93.36% 74.45% 76.78% 75.51% 72.08% 64.83% 70.86%
FCF Conversion (Net income) 144.61% 119.28% 88.34% 101.18% 101.96% 96.12% 84.58% 89.97%
Dividend per Share 2 1.010 1.700 3.330 2.850 2.150 2.662 3.984 5.093
Announcement Date 2/20/20 2/19/21 2/18/22 2/22/23 2/22/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 208.3 171.7 202.4 214 168.8 137.7 133.4 162.5 123.3 159.6 146.3 153.5 188.2 227.4 219.9
EBITDA 1 99.7 72 87.2 98 77.1 54.8 48.2 69.3 48.9 72.7 47.5 54.68 84.97 109.7 107.5
EBIT 1 95.4 67.15 81.71 92.49 71.2 48.7 41.71 62.87 42.69 66.12 40.71 47.79 75.83 100 87.98
Operating Margin 45.8% 39.1% 40.37% 43.23% 42.19% 35.36% 31.27% 38.69% 34.61% 41.42% 27.82% 31.13% 40.28% 43.99% 40.01%
Earnings before Tax (EBT) 1 92 64.13 78 86.68 65.73 45.08 40.17 61.2 40.93 65.4 40.12 48.34 72.43 94.36 86.48
Net income 1 84.24 67.11 67.54 75.64 57.31 40.15 34.55 52.6 35.04 54.9 33.98 41.59 61.77 82.61 74.4
Net margin 40.44% 39.08% 33.37% 35.35% 33.96% 29.16% 25.9% 32.37% 28.41% 34.39% 23.22% 27.09% 32.81% 36.33% 33.84%
EPS 2 1.000 0.8000 0.8100 0.9000 0.6900 0.5000 0.4400 0.6600 0.4500 0.6800 0.4400 0.4999 0.7858 1.004 0.9008
Dividend per Share 2 - 3.330 - - - 2.850 - - - - - 2.530 - - -
Announcement Date 10/26/21 2/18/22 4/29/22 7/21/22 10/20/22 2/22/23 4/26/23 7/27/23 10/26/23 2/22/24 4/25/24 - - - -
1EUR in Million2EUR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 130 199 370 347 113 138 204 356
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 118 158 250 243 181 211 304 431
ROE (net income / shareholders' equity) 24.2% 39.5% 57% 38.6% 33.7% 46.9% 68% 74%
ROA (Net income/ Total Assets) - 16.4% 27.5% 21.1% 17.4% 26.2% 44.6% 48.3%
Assets 1 - 804.1 1,028 1,140 1,016 836.9 804.7 993.2
Book Value Per Share 2 4.130 5.090 7.940 8.010 5.090 6.000 7.450 9.110
Cash Flow per Share 2 1.440 1.930 3.260 3.180 2.520 3.150 4.680 6.240
Capex 1 15.7 21.9 28.4 28.4 28 34.8 41.5 51.8
Capex / Sales 4.42% 5.04% 3.78% 3.93% 4.84% 4.95% 4.13% 3.99%
Announcement Date 2/20/20 2/19/21 2/18/22 2/22/23 2/22/24 - - -
1EUR in Million2EUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
21
Last Close Price
153.2 EUR
Average target price
155.2 EUR
Spread / Average Target
+1.25%
Consensus
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