BN · rank #3 · 2026-07-21
ASM
AMSTERDAM · EUR · $47.80B (USD)
The exact numbers the algorithm saw.
| Composite score Z-score blend of the factors below; drives the rank. | 0.63 |
|---|---|
| Forward revenue growth Consensus forward revenue growth. | +21.6% |
| Forward net margin Consensus forward net margin. | +31.8% |
| Net margin TTM Trailing twelve month net margin. | +31.0% |
| Margin expansion Forward minus trailing net margin (percentage points). | +0.8% |
| Forward PEG Forward P/E to growth. Below 1 is cheap for the growth. | 1.92 |
| Debt / FCF Net debt relative to free cash flow. Lower is safer. | 0.15× |
| Analyst upside Spread between the consensus 12m target and the current price. | +22.6% |
| Last EPS surprise Most recent reported EPS versus consensus. | +19% |
| Market cap (USD) | $47.80B |
The AI research card
Independent qualitative review of each pick before the order is placed. On the rare day the research service is unavailable, the paper book trades on the quant ranking alone and no card appears here.
Summary
ASM International is a specialist semiconductor equipment maker supplying ALD and epitaxy tools that are critical, high-switching-cost process steps at leading logic/foundry nodes driving AI infrastructure build-out.
Rationale
The bottleneck-solver thesis is directly reinforced by ASM's sole-source ALD position at advanced nodes, record 33.1% operating margins, 18.7% EPS beat, and AI-driven logic/foundry demand that is structural rather than sentiment-driven.
Material risks
- 1Export restrictions are already causing a forecast double-digit China revenue decline in 2026, removing a meaningful growth contributor and creating a near-term earnings headwind ahead of the July 28 results date.
- 2Negative free cash flow from working capital outflows and elevated capex for new site construction compress near-term FCF visibility, adding execution risk into the Q2 earnings event within the trade window.
AI verdict council
Each pick is reviewed independently by 3 models before any order. 3 of 3 voted to proceed.