BN · rank #3 · 2026-09-09
ASM
AMSTERDAM · EUR · $47.78B (USD)
The exact numbers the algorithm saw.
| Composite score Z-score blend of the factors below; drives the rank. | 0.89 |
|---|---|
| Forward revenue growth Consensus forward revenue growth. | +28.5% |
| Forward net margin Consensus forward net margin. | +32.3% |
| Net margin TTM Trailing twelve month net margin. | +31.9% |
| Margin expansion Forward minus trailing net margin (percentage points). | +0.4% |
| Forward PEG Forward P/E to growth. Below 1 is cheap for the growth. | 1.26 |
| Debt / FCF Net debt relative to free cash flow. Lower is safer. | 0.10× |
| Analyst upside Spread between the consensus 12m target and the current price. | +33.5% |
| Last EPS surprise Most recent reported EPS versus consensus. | +5% |
| Market cap (USD) | $47.78B |
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 leading European semiconductor equipment maker specializing in proprietary wafer-processing deposition tools critical for advanced logic, HBM DRAM, and mature node fabs.
Rationale
The bottleneck-solver thesis is directly reinforced by ASM's single-source deposition technology deeply qualified at top foundries and memory makers, with raised 2027 revenue targets and record Q2 2026 free cash flow confirming structural, multi-year demand rather than sentiment rotation.
Material risks
- 1U.S. export controls on semiconductor equipment to China could abruptly curtail the China mature logic/foundry segment that contributed meaningfully to Q2 2026 growth and bookings momentum, directly undermining the revenue visibility underpinning the thesis.
- 2A deceleration in HBM DRAM capex by SK Hynix, Samsung, or Micron — the concentrated customer base driving memory-segment outperformance — would compress forward revenue growth and pressure the fwd PEG of 1.26 that currently prices in sustained 28%+ growth.
AI verdict council
Each pick is reviewed independently by 3 models before any order. 3 of 3 voted to proceed.