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ASM International NV
(ASM)
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Rating:68Neutral
Price Target:
€968.00
▲(16.88% Upside)
Action:Reiterated
Date:07/31/26
The score is driven primarily by very strong financial quality (high margins, minimal leverage, strong ROE), which supports a solid baseline. This is tempered by weak near-term technicals (price below 20/50-day averages) and a premium valuation (P/E ~37 with a low dividend yield), which raise the bar for continued performance.
Positive Factors
High Profitability
ASM’s exceptionally high gross, operating, and net margins indicate strong pricing power, differentiated deposition technology, and efficient execution. This profitability provides substantial internal funding for research, product development, and customer support while helping protect earnings through semiconductor industry cycles.
Negative Factors
Moderating Revenue Growth
The slowdown in revenue growth suggests that near-term expansion is becoming less rapid than in prior periods. For a capital-equipment supplier, slower top-line momentum can limit operating leverage, make earnings more dependent on execution, and increase sensitivity to the timing of customer fab investments.
Read all positive and negative factors
Positive Factors
Negative Factors
High Profitability
ASM’s exceptionally high gross, operating, and net margins indicate strong pricing power, differentiated deposition technology, and efficient execution. This profitability provides substantial internal funding for research, product development, and customer support while helping protect earnings through semiconductor industry cycles.
Read all positive factors
ASM International NV (ASM) vs. iShares MSCI Netherlands ETF (EWN)
Market Cap
€43.05B
Dividend Yield0.37%
Average Volume (3M)137.24K
Price to Earnings (P/E)40.4
Beta (1Y)2.01
Revenue Growth3.11%
EPS Growth104.56%
CountryNL
Employees4,908
SectorGeneral
Sector StrengthN/A
IndustrySemiconductors
Share Statistics
EPS (TTM)21.97
Shares Outstanding49,328,550
10 Day Avg. Volume137,646
30 Day Avg. Volume137,244
Financial Highlights & Ratios
PEG Ratio6.12
Price to Book (P/B)6.33
Price to Sales (P/S)7.99
P/FCF Ratio29.87
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€1,081.43Price Target Upside30.58% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
EPS Forecast (FY)23.48
Revenue Forecast (FY)€4.17B
ASM International NV Business Overview & Revenue Model
Company Description
Headquartered in Almere, the Netherlands, ASM International N.V. (formerly Advanced Semiconductor Materials International N.V.) is a global leader in the semiconductor industry. Established in 1968, the company and its subsidiaries are dedicated t...
How the Company Makes Money
ASM makes money primarily by selling semiconductor manufacturing equipment (capital goods) to chipmakers and foundries for use in wafer fabrication. Its revenue model is typically a mix of (1) system sales: recognized when deposition tools are del...
ASM International NV Financial Statement Overview
Summary
Income Statement
88
Very Positive
Balance Sheet
93
Very Positive
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.36B | 3.17B | 2.93B | 2.63B | 2.41B | 1.73B |
| Gross Profit | 1.74B | 1.64B | 1.48B | 1.27B | 1.14B | 828.13M |
| EBITDA | 1.48B | 1.20B | 990.54M | 1.03B | 529.29M | 593.38M |
| Net Income | 1.07B | 723.70M | 685.73M | 752.07M | 389.11M | 494.71M |
Balance Sheet | ||||||
| Total Assets | 6.13B | 5.34B | 5.16B | 4.23B | 3.75B | 2.71B |
| Cash, Cash Equivalents and Short-Term Investments | 1.18B | 1.03B | 926.50M | 637.26M | 419.31M | 491.51M |
| Total Debt | 70.50M | 64.00M | 35.26M | 33.56M | 28.12M | 23.46M |
| Total Liabilities | 1.69B | 1.33B | 1.41B | 999.92M | 1.00B | 469.33M |
| Stockholders Equity | 4.45B | 4.01B | 3.75B | 3.23B | 2.75B | 2.24B |
Cash Flow | ||||||
| Free Cash Flow | 687.30M | 849.10M | 532.92M | 418.18M | 333.01M | 223.79M |
| Operating Cash Flow | 989.70M | 1.07B | 897.65M | 735.89M | 541.49M | 380.64M |
| Investing Cash Flow | -637.60M | -633.60M | -349.97M | -289.04M | -474.88M | -114.40M |
| Financing Cash Flow | -283.20M | -313.50M | -301.03M | -236.05M | -132.60M | -240.26M |
ASM International NV Technical Analysis
Positive
828.20
Price Trends
828.30
Positive
878.59
Positive
785.53
Positive
Market Momentum
6.38
Negative
60.36
Neutral
83.08
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NL:ASM, the sentiment is Positive. The current price of 828.2 is above the 20-day moving average (MA) of 821.36, below the 50-day MA of 828.30, and above the 200-day MA of 785.53, indicating a bullish trend. The MACD of 6.38 indicates Negative momentum. The RSI at 60.36 is Neutral, neither overbought nor oversold. The STOCH value of 83.08 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NL:ASM.
ASM International NV Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | €611.63B | 57.94 | 52.37% | 0.49% | 9.84% | 14.73% | |
68 Neutral | €43.05B | 40.42 | 25.91% | 0.37% | 3.11% | 104.56% | |
66 Neutral | €2.17B | 16.60 | 14.22% | 2.53% | 9.11% | 101.67% | |
62 Neutral | €5.68B | 24.77 | 11.06% | 1.87% | 2.64% | -14.83% | |
59 Neutral | €15.54B | 73.21 | 46.17% | 0.82% | 21.85% | 22.85% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
43 Neutral | €1.06B | 273.18 | 0.68% | 1.38% | 11.82% | -51.11% |
* General Sector Average
NL:ASM
ASM International NV
888.00
371.41
71.90%
NL:AMG
AMG ADVANCED METALLURGICAL GROUP NV
28.92
0.49
1.71%
NL:ASML
ASML Holding NV
1,596.80
760.87
91.02%
NL:BESI
BE Semiconductor
191.80
64.80
51.02%
NL:IMCD
IMCD N.V.
96.62
7.93
8.94%
NL:TWEKA
TKH Group N.V.
53.45
17.67
49.40%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.