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BE Semiconductor Industries NV
AEX:BESI

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BE Semiconductor Industries NV
AEX:BESI
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Price: 235.3 EUR -5.12% Market Closed
Market Cap: €19.1B

P/S

29.5
Current
84%
More Expensive
vs 3-y average of 16.1

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
29.5
=
Market Cap
€19.7B
/
Revenue
€632.1m

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
29.5
=
Market Cap
€19.7B
/
Revenue
€632.1m

Valuation Scenarios

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

If P/S returns to its 3-Year Average (16.1), the stock would be worth €127.96 (46% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-95%
Maximum Upside
No Upside Scenarios
Average Downside
64%
Scenario P/S Value Implied Price Upside/Downside
Current Multiple 29.5 €235.3
0%
3-Year Average 16.1 €127.96
-46%
5-Year Average 12.9 €102.7
-56%
Industry Average 12.2 €97.06
-59%
Country Average 1.4 €11.16
-95%

Forward P/S
Today’s price vs future revenue

Today's Market Cap Revenue Forward P/S
€19.7B
/
Apr 2026
€632.1m
=
29.5
Current
€19.7B
/
Dec 2026
€884.9m
=
22.2
Forward
€19.7B
/
Dec 2027
€1.2B
=
16.9
Forward
€19.7B
/
Dec 2028
€1.4B
=
14.1
Forward
€19.7B
/
Dec 2029
€1.7B
=
11.6
Forward
€19.7B
/
Dec 2030
€1.8B
=
10.7
Forward
€19.7B
/
Dec 2031
€1.9B
=
10.4
Forward
€19.7B
/
Dec 2032
€2.1B
=
9.3
Forward
€19.7B
/
Dec 2033
€2.3B
=
8.4
Forward

Forward P/S shows whether today’s P/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
P/S
P/E
All Countries
Close
Market Cap P/S P/E
NL
BE Semiconductor Industries NV
AEX:BESI
18.7B EUR 29.5 123
NL
ASML Holding NV
AEX:ASML
451.6B EUR 13.8 44.2
US
Lam Research Corp
NASDAQ:LRCX
314.2B USD 14.5 46.8
US
Applied Materials Inc
NASDAQ:AMAT
302.5B USD 10.7 38.6
US
KLA Corp
NASDAQ:KLAC
237.2B USD 18.6 52
US
Brooks Automation Inc
LSE:0HQ1
224.7B USD 377.8 -3 884.7
JP
Advantest Corp
TSE:6857
21.6T JPY 20.9 74.9
JP
Tokyo Electron Ltd
TSE:8035
20.7T JPY 8.7 41.1
US
Teradyne Inc
NASDAQ:TER
59.3B USD 18.6 107
CN
NAURA Technology Group Co Ltd
SZSE:002371
374.8B CNY 9.4 66.8
JP
Disco Corp
TSE:6146
8.3T JPY 19 61.2

Market Distribution

Higher than 95% of companies in Netherlands
Percentile
95th
Based on 544 companies
95th percentile
29.5
Low
0 — 0.9
Typical Range
0.9 — 3.4
High
3.4 —
Distribution Statistics
Netherlands
Min 0
30th Percentile 0.9
Median 1.4
70th Percentile 3.4
Max 6 200.5

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 48%
Intrinsic Value
Price €235.3
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