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BE Semiconductor Industries NV
AEX:BESI

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BE Semiconductor Industries NV Logo
BE Semiconductor Industries NV
AEX:BESI
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Price: 252.2 EUR 4.3% Market Closed
Market Cap: €20.5B

P/OCF

88.2
Current
87%
More Expensive
vs 3-y average of 47

Price to Operating Cash Flow (P/OCF) ratio compares a company`s market value to the cash it generates from its core operations.

P/OCF
88.2
=
Market Cap
€20B
/
Operating Cash Flow
€226.7m

Price to Operating Cash Flow (P/OCF) ratio compares a company`s market value to the cash it generates from its core operations.

P/OCF
88.2
=
Market Cap
€20B
/
Operating Cash Flow
€226.7m

Valuation Scenarios

BE Semiconductor Industries NV is trading above its 3-year average

If P/OCF returns to its 3-Year Average (47), the stock would be worth €134.51 (47% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-87%
Maximum Upside
No Upside Scenarios
Average Downside
65%
Scenario P/OCF Value Implied Price Upside/Downside
Current Multiple 88.2 €252.2
0%
3-Year Average 47 €134.51
-47%
5-Year Average 29.7 €84.84
-66%
Industry Average 36.5 €104.31
-59%
Country Average 11.2 €31.91
-87%

Forward P/OCF
Today’s price vs future operating cash flow

Not enough data available to calculate forward P/OCF

Peer Comparison

All Multiples
P/OCF
P/E
All Countries
Close
Market Cap P/OCF P/E
NL
BE Semiconductor Industries NV
AEX:BESI
20B EUR 88.2 131.8
NL
ASML Holding NV
AEX:ASML
481.6B EUR 34.8 47.2
US
Lam Research Corp
NASDAQ:LRCX
334.9B USD 48.2 49.9
US
Applied Materials Inc
NASDAQ:AMAT
331B USD 38 42.2
US
KLA Corp
NASDAQ:KLAC
253.8B USD 53.2 55.7
US
Brooks Automation Inc
LSE:0HQ1
234.5B USD 3 757.9 -4 053.1
JP
Advantest Corp
TSE:6857
21.4T JPY 64 74.1
JP
Tokyo Electron Ltd
TSE:8035
21T JPY 42 41.8
US
Teradyne Inc
NASDAQ:TER
65.3B USD 96.7 117.7
CN
NAURA Technology Group Co Ltd
SZSE:002371
344.2B CNY 157.9 61
JP
Disco Corp
TSE:6146
7.8T JPY 58.2 57.4
P/E Multiple
Earnings Growth PEG
NL
BE Semiconductor Industries NV
AEX:BESI
Average P/E: 67.9
131.8
60%
2.2
NL
ASML Holding NV
AEX:ASML
47.2
20%
2.4
US
Lam Research Corp
NASDAQ:LRCX
49.9
24%
2.1
US
Applied Materials Inc
NASDAQ:AMAT
42.2
20%
2.1
US
KLA Corp
NASDAQ:KLAC
55.7
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
117.7
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 96% of companies in Netherlands
Percentile
96th
Based on 485 companies
96th percentile
88.2
Low
0.1 — 6.7
Typical Range
6.7 — 19.4
High
19.4 —
Distribution Statistics
Netherlands
Min 0.1
30th Percentile 6.7
Median 11.2
70th Percentile 19.4
Max 387.8

BE Semiconductor Industries NV
Glance View

In the ever-evolving realm of semiconductor equipment manufacturing, BE Semiconductor Industries NV (BESI) stands out as a pivotal player, masterfully orchestrating its operations from its headquarters in the Netherlands. Founded in 1995, BESI has carved out a niche for itself by specializing in advanced packaging and assembly equipment for the semiconductor industry. This Dutch firm is essentially the lifeline for semiconductor manufacturers, as it provides the necessary tools to enhance the functionality, performance, and reliability of microchips used across various applications—from smartphones to data centers, all the way to automotive technology. BESI's cutting-edge, high-precision machinery is designed to facilitate the highly complex process of chip packaging, which involves encapsulating chips and integrating them with the necessary electrical connections to form a complete and functional device. The company prides itself on innovation and continuous improvement, often working hand-in-hand with its clients to meet the ever-expanding demands for more sophisticated and efficient semiconductor solutions. Revenue streams for BESI are diversified, but fundamentally revolve around the sale and servicing of its highly specialized equipment. The company's product segments include die attach systems, packaging systems, and plating systems, each essential at different stages of semiconductor assembly. Beyond the initial equipment sale, BESI fosters enduring client relationships through its comprehensive aftersales service, ensuring that its sophisticated machines remain operational and effective over the long term. Moreover, BESI has strategically positioned itself in key technology hubs around the globe, enabling it to capitalize on the burgeoning semiconductor demand from Asia, Europe, and the Americas. The firm’s financial health is bolstered not only by equipment sales but also by recurring revenues from high-margin service contracts, spare parts, and technical support services, embedding BESI deeply into the fabric of the semiconductor production process and assuring its sustained relevance in an industry that is both capital and knowledge-intensive.

BESI Intrinsic Value
123.29 EUR
Overvaluation 51%
Intrinsic Value
Price €252.2
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