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ASM International NV
AEX:ASM

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ASM International NV
AEX:ASM
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Price: 785.8 EUR 2.32% Market Closed
Market Cap: €38.8B

EV/EBITDA

31.2
Current
27%
More Expensive
vs 3-y median of 24.5

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
31.2
=
Enterprise Value
€31.9B
/
EBITDA
€1.2B

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
31.2
=
Enterprise Value
€31.9B
/
EBITDA
€1.2B

Valuation Scenarios

ASM International NV is trading above its 3-year average

If EV/EBITDA returns to its 3-Year Average (24.5), the stock would be worth €617.68 (21% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-60%
Maximum Upside
No Upside Scenarios
Average Downside
27%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 31.2 €785.8
0%
3-Year Average 24.5 €617.68
-21%
5-Year Average 24.3 €611.41
-22%
Industry Average 30.5 €768.03
-2%
Country Average 12.4 €312.11
-60%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
€31.9B
/
Jan 2026
€1.2B
=
31.2
Current
€31.9B
/
Dec 2026
€1.4B
=
23.3
Forward
€31.9B
/
Dec 2027
€1.7B
=
19.1
Forward
€31.9B
/
Dec 2028
€1.9B
=
16.8
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
NL
ASM International NV
AEX:ASM
38.4B EUR 31.2 53.1
NL
ASML Holding NV
AEX:ASML
479.5B EUR 34.8 46.9
US
Lam Research Corp
NASDAQ:LRCX
334.8B USD 45.3 53.9
US
Applied Materials Inc
NASDAQ:AMAT
315B USD 35.4 40.2
US
KLA Corp
NASDAQ:KLAC
234.9B USD 40.3 51.5
US
Brooks Automation Inc
LSE:0HQ1
215.7B USD 5 395 -3 728.9
JP
Advantest Corp
TSE:6857
20.2T JPY 45.8 70.2
JP
Tokyo Electron Ltd
TSE:8035
20.2T JPY 29.3 40.1
US
Teradyne Inc
NASDAQ:TER
59.4B USD 72.5 107.1
CN
NAURA Technology Group Co Ltd
SZSE:002371
341.7B CNY 49.5 54.3
JP
Disco Corp
TSE:6146
7.9T JPY 40.2 60.2
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
NL
ASM International NV
AEX:ASM
Average EV/EBITDA: 529
31.2
17%
1.8
NL
ASML Holding NV
AEX:ASML
34.8
17%
2
US
Lam Research Corp
NASDAQ:LRCX
45.3
26%
1.7
US
Applied Materials Inc
NASDAQ:AMAT
35.4
18%
2
US
KLA Corp
NASDAQ:KLAC
40.3
18%
2.2
US
B
Brooks Automation Inc
LSE:0HQ1
5 395
48%
112.4
JP
Advantest Corp
TSE:6857
45.8
36%
1.3
JP
Tokyo Electron Ltd
TSE:8035
29.3
13%
2.3
US
Teradyne Inc
NASDAQ:TER
72.5
38%
1.9
CN
NAURA Technology Group Co Ltd
SZSE:002371
49.5
32%
1.5
JP
Disco Corp
TSE:6146
40.2
16%
2.5
P/E Multiple
Earnings Growth PEG
NL
ASM International NV
AEX:ASM
Average P/E: 57.8
53.1
23%
2.3
NL
ASML Holding NV
AEX:ASML
46.9
20%
2.3
US
Lam Research Corp
NASDAQ:LRCX
53.9
24%
2.2
US
Applied Materials Inc
NASDAQ:AMAT
40.2
20%
2
US
KLA Corp
NASDAQ:KLAC
51.5
22%
2.3
US
B
Brooks Automation Inc
LSE:0HQ1
Negative Multiple: -3 728.9 N/A N/A
JP
Advantest Corp
TSE:6857
70.2
50%
1.4
JP
Tokyo Electron Ltd
TSE:8035
40.1
13%
3.1
US
Teradyne Inc
NASDAQ:TER
107.1
44%
2.4
CN
NAURA Technology Group Co Ltd
SZSE:002371
54.3
30%
1.8
JP
Disco Corp
TSE:6146
60.2
16%
3.8

Market Distribution

Higher than 84% of companies in Netherlands
Percentile
84th
Based on 490 companies
84th percentile
31.2
Low
0 — 7.9
Typical Range
7.9 — 19.3
High
19.3 —
Distribution Statistics
Netherlands
Min 0
30th Percentile 7.9
Median 12.4
70th Percentile 19.3
Max 706

ASM International NV
Glance View

In the intricate landscape of the semiconductor industry, ASM International NV emerges as a pivotal player, teetering between innovation and mastery of the atomic layer deposition (ALD) technology it pioneered. Conceived amid the surging demand for miniaturized, high-performance electronic devices, ASM crafted its legacy on developing cutting-edge equipment that manufactures the very heart of these devices—semiconductors. By perfecting ALD and epitaxial deposition processes, the company arms its clients with the ability to build increasingly intricate and efficient chips essential for modern technology. Pivotal to ASM's strategy is a commitment to substantial R&D, ensuring its equipment not only aligns with today’s semiconductor needs but also anticipates tomorrow’s technological challenges. ASM International’s profitability hinges on its ability to deliver precision and reliability in semiconductor fabrication equipment while fostering close partnerships with industry titans like TSMC, Samsung, and Intel. Through a business model reliant on sales and services, ASM supplies advanced tools that enable manufacturers to increase production efficiency and yield, thereby deriving revenue from equipment sales and service contracts. Moreover, the company's geographic dispersion—anchored by a strong presence in Asia, Europe, and the United States—ensures that it is well-positioned to capitalize on fluctuations in global demand while maintaining flexibility across various market segments. By continuously steering the course of innovation and leveraging its strategic alliances, ASM maintains a competitive edge in the fast-evolving world of semiconductor manufacturing, ensuring its clients remain at the forefront of technology advancement.

ASM Intrinsic Value
524.11 EUR
Overvaluation 33%
Intrinsic Value
Price €785.8
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