BE Semiconductor Industries NV (BESI) Fair Value & Analysis
Technology · NL · Market cap €18.7B · ISIN NL0012866412
Structural break: The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.
Strengths
Risks
Fair value as of: Aug 27, 2026
From 25 valuation models · updated yesterday
Share price +4.2% over the past month.
A strong business, but trading 466% above our fair value.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- A high-quality business (quality 83/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
- The price sits above even our optimistic bull case (€49.36). The favourable scenario is already priced in.
- A fairly wide model range (€22.37 to €49.36) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 27, 2026.
How to read this chart
60‑month range €38.15 – €320.30 · fair‑value band €22.37 – €49.36 · the €197.50 price screens above the €34.92 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 27, 2026.
Analysis
BE Semiconductor Industries NV (BESI) currently trades at €197.50, while our model-based Fair Value estimate is €34.92, implying the stock looks roughly 82.3% overvalued today. The Quality Score stands at 83/100 (high quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, BE Semiconductor Industries NV generated revenue of €632M at a net margin of 24.0%. Revenue grew 28.3% year over year. It earns a return on equity of 31.3%. Net debt stands at €157M. Fundamentals as of Aug 27, 2026
Our scenario range runs from €22.37 (bear case) to €49.36 (bull case); at €197.50, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 32% below its 52-week high and 92% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -71% fair-value upside, at -82%, BESI screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 25 models by family
Widest divergence: Growth Earnings (€37.90) versus Asset-Based (€3.52). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 27, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 78 · Market factors (momentum, volatility) 48
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
BE Semiconductor Industries N.V. develops, manufactures, markets, sells, and services semiconductor assembly equipment for the semiconductor and electronics industries in the Netherlands, Switzerland, Austria, Singapore, Malaysia, and internationally. It operates through three segments: Die Attach, Packaging, and Plating.
Full company description
BE Semiconductor Industries N.V. develops, manufactures, markets, sells, and services semiconductor assembly equipment for the semiconductor and electronics industries in the Netherlands, Switzerland, Austria, Singapore, Malaysia, and internationally. It operates through three segments: Die Attach, Packaging, and Plating. The company offers single chip, multi chip, multi module, flip chip, epoxy and soft solder die bonding systems, hybrid, TCB and embedded bridge die bonding, die lid attach, and fan out wafer level packaging systems; and conventional, ultra-thin and wafer level molding, trim and form, and singulation systems. It also provides tin, copper, precious metal and solar plating systems, and related process chemicals; and tooling, conversion kits, spare parts, and other services. The company sells its products under the Fico, Meco, Datacon, and Esec brands. It serves multinational chip manufacturers, foundries, assembly subcontractors and electronics, and industrial companies. BE Semiconductor Industries N.V. was incorporated in 1995 and is headquartered in Duiven, the Netherlands.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
BE Semiconductor Industries NV reported revenue of €591M in FY2025 versus €749M in FY2021, a compound −5.7%/yr. Reported net income was €132M in FY2025, compounding −17.4%/yr from FY2021.
of which total revenue +5.4 pp · buybacks/dilution −0.7 pp
Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).
BESI screens 82% overvalued. Compare with ASML Holding →
Recent news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- This Semiconductor Stock Could Be a Major AI Winner, Needham Says
- Is BE Semiconductor Industries (BESIY) Outperforming Other Computer and Technology Stocks This Year?
- Besi (ENXTAM:BESI) Stock Looks Above Fair Value On Cash Flow And Earnings
- Zacks.com featured highlights Celestica, Zurn Elkay, Lam, BE Semiconductor and Johnson Controls
Peer Group
Semiconductor Equipment & Materials · 212 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Semiconductor Equipment & Materials median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Semiconductor Equipment & Materials stocks, each showing price versus our Fair Value estimate (as of Aug 27, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| ASML Holding ASML | €1,486 | €604.27 | -59% |
| Applied Materials, Inc AMAT | $479.76 | $183.10 | -62% |
| Lam Research Corporation LRCX | $312.88 | $91.80 | -71% |
| KLA Corporation KLAC | $183.83 | $74.58 | -59% |
| NAURA Technology Group 002371 | ¥707.90 | ¥205.30 | -71% |
| Teradyne, Inc TER | $363.10 | $65.80 | -82% |
| Advanced Micro-Fabrication Equipment Inc 688012 | ¥380.95 | ¥55.05 | -86% |
| Piotech Inc 688072 | ¥685.11 | ¥89.27 | -87% |
| Hon. Precision, Inc 7769 | 6,445 TWD | 1,804 TWD | -72% |
| Hangzhou Changchuan Technology Co 300604 | ¥284.80 | ¥46.26 | -84% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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