BE Semiconductor Industries understands well how to operate in a cyclical industry like semiconductors. Supply/demand balances can change rapidly in the chip industry, so equipment suppliers need flexibility to adapt. Besi runs a very flexible business model by (1) multisourcing from different suppliers to rapidly adapt capacity to demand changes, (2)
It is almost certain that hybrid bonding machines will be needed over the next decade. Their average selling price is several times that of previous generations, and they will also generate higher service revenue due to higher complexity.
Besi operates in a highly cyclical industry, which can cause big swings in revenue, profit, and the share price.
|
Metric
|
BESI
|
00522
|
AMAT
|
|---|---|---|---|
Price/Earnings (Normalized) | 58.11 | 40.18 | 24.36 |
Price/Book Value | 25.40 | 2.52 | 9.35 |
Price/Sales | 19.88 | 2.69 | 6.23 |
Price/Cash Flow | 48.89 | 29.43 | 20.83 |
|
Metric
|
BESI
|
00522
|
AMAT
|
|---|---|---|---|
Quick Ratio | 2.60 | 1.48 | 1.77 |
Current Ratio | 5.02 | 2.53 | 2.71 |
Interest Coverage | 17.75 | 6.82 | 24.60 |
|
Metric
|
BESI
|
00522
|
AMAT
|
|---|---|---|---|
Return on Assets (Normalized) | 19.93% | 3.11% | 22.91% |
Return on Equity (Normalized) | 40.30% | 4.78% | 44.88% |
Return on Invested Capital (Normalized) | 23.93% | 4.12% | 30.44% |
|
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|
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