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ASM International NV
AEX:ASM

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ASM International NV
AEX:ASM
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Price: 671.4 EUR -6.28% Market Closed
Market Cap: €33.1B

EV/EBIT

33.2
Current
14%
More Expensive
vs 3-y median of 29.2

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

EV/EBIT
33.2
=
Enterprise Value
€35.7B
/
EBIT
€993.8m

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

EV/EBIT
33.2
=
Enterprise Value
€35.7B
/
EBIT
€993.8m

Valuation Scenarios

ASM International NV is trading above its 3-year average

If EV/EBIT returns to its 3-Year Average (29.2), the stock would be worth €590.78 (12% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-53%
Maximum Upside
+7%
Average Downside
17%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 33.2 €671.4
0%
3-Year Average 29.2 €590.78
-12%
5-Year Average 29.3 €593.44
-12%
Industry Average 35.5 €718.88
+7%
Country Average 15.6 €316.19
-53%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
€35.7B
/
Oct 2025
€993.8m
=
33.2
Current
€35.7B
/
Dec 2025
€921.6m
=
38.7
Forward
€35.7B
/
Dec 2026
€1B
=
35.3
Forward
€35.7B
/
Dec 2027
€1.3B
=
27.7
Forward
€35.7B
/
Dec 2028
€1.5B
=
23.4
Forward

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

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close
Market Cap EV/EBIT P/E
NL
ASM International NV
AEX:ASM
33B EUR 33.2 41.7
NL
ASML Holding NV
AEX:ASML
441.4B EUR 38.2 45.9
US
Applied Materials Inc
NASDAQ:AMAT
257.6B USD 30.4 32.8
US
Lam Research Corp
NASDAQ:LRCX
249B USD 35.6 40.2
US
Brooks Automation Inc
LSE:0HQ1
225.7B USD -13 375.8 -3 901.6
US
KLA Corp
NASDAQ:KLAC
176.5B USD 32.5 38.7
JP
Tokyo Electron Ltd
TSE:8035
19.2T JPY 31.1 38.1
JP
Advantest Corp
TSE:6857
18.7T JPY 44.8 64.7
JP
Disco Corp
TSE:6146
8T JPY 43.6 60.7
CN
NAURA Technology Group Co Ltd
SZSE:002371
335.3B CNY 48.5 53.3
US
Teradyne Inc
NASDAQ:TER
42.2B USD 61.1 76.2
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
NL
ASM International NV
AEX:ASM
Average EV/EBIT: 39.9
33.2
17%
2
NL
ASML Holding NV
AEX:ASML
38.2
22%
1.7
US
Applied Materials Inc
NASDAQ:AMAT
30.4
16%
1.9
US
Lam Research Corp
NASDAQ:LRCX
35.6
25%
1.4
US
B
Brooks Automation Inc
LSE:0HQ1
Negative Multiple: -13 375.8 N/A N/A
US
KLA Corp
NASDAQ:KLAC
32.5
17%
1.9
JP
Tokyo Electron Ltd
TSE:8035
31.1
N/A N/A
JP
Advantest Corp
TSE:6857
44.8
N/A N/A
JP
Disco Corp
TSE:6146
43.6
N/A N/A
CN
NAURA Technology Group Co Ltd
SZSE:002371
48.5
27%
1.8
US
Teradyne Inc
NASDAQ:TER
61.1
41%
1.5
P/E Multiple
Earnings Growth PEG
NL
ASM International NV
AEX:ASM
Average P/E: 49.2
41.7
17%
2.5
NL
ASML Holding NV
AEX:ASML
45.9
23%
2
US
Applied Materials Inc
NASDAQ:AMAT
32.8
19%
1.7
US
Lam Research Corp
NASDAQ:LRCX
40.2
24%
1.7
US
B
Brooks Automation Inc
LSE:0HQ1
Negative Multiple: -3 901.6 N/A N/A
US
KLA Corp
NASDAQ:KLAC
38.7
20%
1.9
JP
Tokyo Electron Ltd
TSE:8035
38.1
12%
3.2
JP
Advantest Corp
TSE:6857
64.7
47%
1.4
JP
Disco Corp
TSE:6146
60.7
15%
4
CN
NAURA Technology Group Co Ltd
SZSE:002371
53.3
30%
1.8
US
Teradyne Inc
NASDAQ:TER
76.2
44%
1.7

Market Distribution

Higher than 85% of companies in Netherlands
Percentile
85th
Based on 400 companies
85th percentile
33.2
Low
0 — 12.2
Typical Range
12.2 — 20.9
High
20.9 —
Distribution Statistics
Netherlands
Min 0
30th Percentile 12.2
Median 15.6
70th Percentile 20.9
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
486.24 EUR
Overvaluation 28%
Intrinsic Value
Price
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