ASM International provides deposition wafer fab equipment. Despite lacking the product breadth and scale of peers like Applied Materials or Lam Research, ASM has carved out a strong position in atomic layer deposition, the fastest-growing, most advanced type of deposition, where it has more than 50% market share.
ASM will outgrow the overall wafer fab equipment market, as the transition to gate-all-around transistors will increase adoption of ALD machines. We model a 13% 10-year sales CAGR.
ASM has smaller scale than closest competitors Applied Materials and Lam, which can offer a broad product portfolio to foundries, facilitating data sharing and software integration.
|
Metric
|
ASM
|
AMAT
|
8035
|
|---|---|---|---|
Price/Earnings (Normalized) | 44.63 | 42.93 | 45.22 |
Price/Book Value | 9.23 | 14.52 | 11.39 |
Price/Sales | 12.24 | 12.15 | 10.09 |
Price/Cash Flow | 36.64 | 41.55 | 45.05 |
|
Metric
|
ASM
|
AMAT
|
8035
|
|---|---|---|---|
Quick Ratio | 1.65 | 1.67 | 1.52 |
Current Ratio | 2.17 | 2.42 | 2.70 |
Interest Coverage | — | 33.00 | — |
|
Metric
|
ASM
|
AMAT
|
8035
|
|---|---|---|---|
Return on Assets (Normalized) | 17.33% | 22.69% | — |
Return on Equity (Normalized) | 23.72% | 39.18% | — |
Return on Invested Capital (Normalized) | 22.78% | 25.01% | — |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| ASML Holding NV
ASMLF
| LOCK|hTn$L^B | LOCK|!H | $669B | |||
| ASML Holding NV ADR
ASML
| LOCK|%fkG?vx@ | LOCK|GL | $669B | |||
| Lam Research Corp
LRCX
| LOCK|v^wH?@$ | LOCK|#DK | $395B | |||
| Applied Materials Inc
AMAT
| LOCK|MdTXMt$ | LOCK|s< | $372B | |||
| KLA Corp
KLAC
| LOCK|$$L!C&sx | LOCK|$@G | $239B | |||
| Tokyo Electron Ltd
TOELF
| — | LOCK|?b | $159B | |||
| Tokyo Electron Ltd ADR
TOELY
| — | LOCK|rS | $159B | |||
| Teradyne Inc
TER
| LOCK|!$hZ%N | LOCK|nW | $60B | |||
| Qnity Electronics Inc
Q
| LOCK|?n&f#m | LOCK|mB%p | $26B | |||
| Entegris Inc
ENTG
| LOCK|!zg%Qd | LOCK|f< | $22B |
United States