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ASM International NV
AEX:ASM

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ASM International NV
AEX:ASM
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Price: 823.6 EUR -1.55%
Market Cap: €40.6B

EV/FCFF

139.3
Current
172%
More Expensive
vs 3-y average of 51.2

Enterprise Value to Free Cash Flow to Firm (EV/FCFF) ratio compares a company`s total enterprise value to the free cash flow available to all investors, both debt and equity holders. It shows how much investors are paying for each dollar of cash flow the business generates before interest payments.

EV/FCFF
139.3
=
Enterprise Value
€39.9B
/
Free Cash Flow to Firm
€282m

Enterprise Value to Free Cash Flow to Firm (EV/FCFF) ratio compares a company`s total enterprise value to the free cash flow available to all investors, both debt and equity holders. It shows how much investors are paying for each dollar of cash flow the business generates before interest payments.

EV/FCFF
139.3
=
Enterprise Value
€39.9B
/
Free Cash Flow to Firm
€282m

Valuation Scenarios

ASM International NV is trading above its 3-year average

If EV/FCFF returns to its 3-Year Average (51.2), the stock would be worth €302.63 (63% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-86%
Maximum Upside
No Upside Scenarios
Average Downside
68%
Scenario EV/FCFF Value Implied Price Upside/Downside
Current Multiple 139.3 €823.6
0%
3-Year Average 51.2 €302.63
-63%
5-Year Average 56.9 €336.29
-59%
Industry Average 48.2 €285.11
-65%
Country Average 19.3 €113.79
-86%

Forward EV/FCFF
Today’s price vs future free cash flow to firm

Not enough data available to calculate forward EV/FCFF

Peer Comparison

All Multiples
EV/FCFF
P/E
All Countries
Close
Market Cap EV/FCFF P/E
NL
ASM International NV
AEX:ASM
40.9B EUR 139.3 40.6
NL
ASML Holding NV
AEX:ASML
467.4B EUR 40 44.6
US
Lam Research Corp
NASDAQ:LRCX
324.5B USD 51.1 45.9
US
Applied Materials Inc
NASDAQ:AMAT
321.3B USD 48.7 38.7
US
KLA Corp
NASDAQ:KLAC
249.2B USD 54.6 52.4
US
Brooks Automation Inc
LSE:0HQ1
224.7B USD 7 252.9 -3 884.7
JP
Advantest Corp
TSE:6857
21.6T JPY 70.6 74.9
JP
Tokyo Electron Ltd
TSE:8035
20.7T JPY 74 41.1
US
Teradyne Inc
NASDAQ:TER
62.7B USD 131.7 107.3
CN
NAURA Technology Group Co Ltd
SZSE:002371
374.1B CNY -2 900 67.7
JP
Disco Corp
TSE:6146
8.3T JPY 81.4 61.2
P/E Multiple
Earnings Growth PEG
NL
ASM International NV
AEX:ASM
Average P/E: 57.4
40.6
23%
1.8
NL
ASML Holding NV
AEX:ASML
44.6
20%
2.2
US
Lam Research Corp
NASDAQ:LRCX
45.9
24%
1.9
US
Applied Materials Inc
NASDAQ:AMAT
38.7
20%
1.9
US
KLA Corp
NASDAQ:KLAC
52.4
22%
2.4
US
B
Brooks Automation Inc
LSE:0HQ1
Negative Multiple: -3 884.7 N/A N/A
JP
Advantest Corp
TSE:6857
74.9
50%
1.5
JP
Tokyo Electron Ltd
TSE:8035
41.1
13%
3.2
US
Teradyne Inc
NASDAQ:TER
107.3
44%
2.4
CN
NAURA Technology Group Co Ltd
SZSE:002371
67.7
N/A N/A
JP
Disco Corp
TSE:6146
61.2
N/A N/A

Market Distribution

Higher than 95% of companies in Netherlands
Percentile
95th
Based on 451 companies
95th percentile
139.3
Low
0.3 — 13.8
Typical Range
13.8 — 27.5
High
27.5 —
Distribution Statistics
Netherlands
Min 0.3
30th Percentile 13.8
Median 19.3
70th Percentile 27.5
Max 353.7

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
561.94 EUR
Overvaluation 32%
Intrinsic Value
Price €823.6
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