ASM International NV

ASM International maintains a strong liquidity position, with a current ratio of 2.3 and cash and equivalents of EUR 637.38 million, which is well above the industry median. The company's liquidity_fpt score indicates a low liquidity risk, supported by its robust cash reserves and minimal long-term debt of EUR 20.21 million.

Profitability metrics show that ASM International is performing well relative to industry standards. The company's return on equity (ROE) of 4.66% and return on assets (ROA) of 3.48% are both above the industry median, indicating efficient use of equity and assets to generate profit. Gross profit of EUR 351.98 million and operating income of EUR 177.57 million further support its strong profitability.

The company's revenue is primarily concentrated in the semiconductor equipment segment, with a significant portion derived from the European and Asian markets. While the company has a global presence, its revenue concentration in key regions may expose it to regional economic fluctuations.

Looking ahead, ASM International is expected to maintain a stable growth trajectory. The company's outlook for the current fiscal year indicates a modest increase in revenue, supported by continued demand for semiconductor manufacturing equipment. The next fiscal year is projected to see a similar growth rate, although the exact figures remain subject to market conditions.

Risk factors for ASM International include potential dilution, although the risk is currently assessed as low. The company has not issued additional shares recently, and there are no immediate filing-based liquidity or dilution flags. However, the company's free cash flow of EUR -20.53 million suggests some pressure on liquidity, which could necessitate future capital raising activities.

Recent events, including filings and transcripts, indicate that ASM International is focused on maintaining its competitive edge in the semiconductor equipment market. The company has not disclosed any major strategic shifts or significant financial risks in its recent filings, suggesting a stable operational environment.

Revenue grew at a 16.4% CAGR from 2022 to 2026, demonstrating strong top-line expansion over the four-year period.

Net margin of 22.5% ranks above the 75th percentile of the cohort, highlighting exceptional bottom-line efficiency compared to competitors.

Analysts project 4.7% upside to a mean price target of 903.37, reflecting positive consensus sentiment on the stock.

Debt-to-equity ratio of 0.01 is well below the 0.23 cohort median, signaling a conservative capital structure with minimal leverage risk.

Net income growth of 5.5% lags revenue growth of 8.2%, indicating potential margin compression or increased operating costs.

Return on equity of 4.66% is only slightly above the cohort median of 3.99%, showing modest capital efficiency gains.

Operating income growth of 16.5% in the latest year contrasts with lower net income growth, raising questions on tax or interest impacts.

Revenue €862.5M, +2,8% YoY; Operating income +444,4% YoY.

• ▍Revenue €862.5M, +2,8% YoY
• ▍Operating income +444,4% YoY
• ▍Net income +925,3% YoY
• ▍Free cash flow +504,2% YoY
• ▍Net margin 27.7%

Revenue €698.4M, −13,7% YoY; Operating income −24,8% YoY.

• ▍Revenue €698.4M, −13,7% YoY
• ▍Operating income −24,8% YoY
• ▍Net income −26,4% YoY
• ▍Free cash flow −62,8% YoY
• ▍Net margin 23.8%

Revenue €800.0M, +2,8% YoY; Operating income +97,2% YoY.

• ▍Revenue €800.0M, +2,8% YoY
• ▍Operating income +97,2% YoY
• ▍Net income +200,4% YoY
• ▍Free cash flow +231,2% YoY
• ▍Net margin 48.0%

Revenue €835.6M, +18,3% YoY; Operating income +64,6% YoY.

• ▍Revenue €835.6M, +18,3% YoY
• ▍Operating income +64,6% YoY
• ▍Net income +27,2% YoY
• ▍Free cash flow +112,7% YoY
• ▍Net margin 24.2%

Revenue €839.2M; Operating income €51.1M.

• ▍Revenue €839.2M
• ▍Operating income €51.1M
• ▍Net margin -3.4%

Revenue €809.0M; Operating income €222.3M.

• ▍Revenue €809.0M
• ▍Operating income €222.3M
• ▍Net margin 27.9%

Revenue €778.6M; Operating income €215.2M.

• ▍Revenue €778.6M
• ▍Operating income €215.2M
• ▍Net margin 16.4%

Revenue €706.1M; Operating income €177.6M.

• ▍Revenue €706.1M
• ▍Operating income €177.6M
• ▍Net margin 22.5%

Revenue €3.17B, +8,2% YoY; Operating income +16,5% YoY.

• ▍Revenue €3.17B, +8,2% YoY
• ▍Operating income +16,5% YoY
• ▍Net income +5,5% YoY
• ▍Free cash flow −8,7% YoY
• ▍Net margin 22.8%

Revenue €2.93B, +11,3% YoY; Operating income −7,7% YoY.

• ▍Revenue €2.93B, +11,3% YoY
• ▍Operating income −7,7% YoY
• ▍Net income −8,8% YoY
• ▍Free cash flow −21,8% YoY
• ▍Net margin 23.4%

Revenue €2.63B, +9,3% YoY; Operating income +108,4% YoY.

• ▍Revenue €2.63B, +9,3% YoY
• ▍Operating income +108,4% YoY
• ▍Net income +93,3% YoY
• ▍Free cash flow +168,6% YoY
• ▍Net margin 28.5%

Revenue €2.41B, +39,4% YoY; Operating income −15,1% YoY.

• ▍Revenue €2.41B, +39,4% YoY
• ▍Operating income −15,1% YoY
• ▍Net income −21,4% YoY
• ▍Free cash flow −45,8% YoY
• ▍Net margin 16.1%