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ASM International NV
AEX:ASM

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ASM International NV
AEX:ASM
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Price: 867.4 EUR 1.86% Market Closed
Market Cap: €42.8B

P/B

10.6
Current
48%
More Expensive
vs 3-y average of 7.2

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
10.6
=
Market Cap
€32.9B
/
Total Equity
€4B

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
10.6
=
Market Cap
€32.9B
/
Total Equity
€4B

Valuation Scenarios

ASM International NV is trading above its 3-year average

If P/B returns to its 3-Year Average (7.2), the stock would be worth €587.51 (32% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-79%
Maximum Upside
+98%
Average Downside
13%
Scenario P/B Value Implied Price Upside/Downside
Current Multiple 10.6 €867.4
0%
3-Year Average 7.2 €587.51
-32%
5-Year Average 6.5 €532.66
-39%
Industry Average 21 €1 720.96
+98%
Country Average 2.2 €178.02
-79%

Forward P/B
Today’s price vs future total equity

Not enough data available to calculate forward P/B

Peer Comparison

All Multiples
P/B
P/E
All Countries
Close
Market Cap P/B P/E
NL
ASM International NV
AEX:ASM
41.6B EUR 10.6 58.6
NL
ASML Holding NV
AEX:ASML
470.6B EUR 19.9 47.2
US
Lam Research Corp
NASDAQ:LRCX
323.3B USD 32.4 51
US
Applied Materials Inc
NASDAQ:AMAT
320.5B USD 15.4 42.5
US
KLA Corp
NASDAQ:KLAC
238.1B USD 46.4 55.6
US
Brooks Automation Inc
LSE:0HQ1
234.5B USD 136.7 -4 053.1
JP
Advantest Corp
TSE:6857
21.4T JPY 31.7 74.1
JP
Tokyo Electron Ltd
TSE:8035
21T JPY 10.5 41.8
US
Teradyne Inc
NASDAQ:TER
62.6B USD 23.5 118.4
CN
NAURA Technology Group Co Ltd
SZSE:002371
344.2B CNY 8.9 61
JP
Disco Corp
TSE:6146
7.8T JPY 13.2 57.4
P/E Multiple
Earnings Growth PEG
NL
ASM International NV
AEX:ASM
Average P/E: 60.8
58.6
23%
2.5
NL
ASML Holding NV
AEX:ASML
47.2
20%
2.4
US
Lam Research Corp
NASDAQ:LRCX
51
24%
2.1
US
Applied Materials Inc
NASDAQ:AMAT
42.5
20%
2.1
US
KLA Corp
NASDAQ:KLAC
55.6
22%
2.5
US
B
Brooks Automation Inc
LSE:0HQ1
Negative Multiple: -4 053.1 N/A N/A
JP
Advantest Corp
TSE:6857
74.1
50%
1.5
JP
Tokyo Electron Ltd
TSE:8035
41.8
13%
3.2
US
Teradyne Inc
NASDAQ:TER
118.4
44%
2.7
CN
NAURA Technology Group Co Ltd
SZSE:002371
61
N/A N/A
JP
Disco Corp
TSE:6146
57.4
N/A N/A

Market Distribution

Higher than 91% of companies in Netherlands
Percentile
91th
Based on 554 companies
91th percentile
10.6
Low
0 — 1.4
Typical Range
1.4 — 4.4
High
4.4 —
Distribution Statistics
Netherlands
Min 0
30th Percentile 1.4
Median 2.2
70th Percentile 4.4
Max 589.5

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 40%
Intrinsic Value
Price €867.4
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