BN · rank #3 · 2026-09-10
ASM
AMSTERDAM · EUR · $47.63B (USD)
The exact numbers the algorithm saw.
| Composite score Z-score blend of the factors below; drives the rank. | 0.84 |
|---|---|
| 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. | 1.23 |
| 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. | +33.9% |
| Last EPS surprise Most recent reported EPS versus consensus. | +5% |
| Market cap (USD) | $47.63B |
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-deposition tools critical to advanced logic, HBM DRAM, and mature node fabs, with no viable near-term substitute for its process-specific technology.
Rationale
The bottleneck-solver thesis is directly reinforced by ASM's single-source deposition positions at leading-edge foundries and memory makers, record Q2 2026 revenue of €1,003M (+24% YoY), raised 2027 guidance above €4.6B, and a 0.84 composite score anchored by 28.5% forward revenue growth and a 1.23 forward PEG — structural demand, not sentiment rotation.
Material risks
- 1U.S. export control escalation targeting advanced deposition equipment to China could abruptly cut off ASM's China segment, which is currently a meaningful growth contributor and bookings tailwind cited in the raised outlook.
- 2Customer concentration risk at TSMC and Samsung means a capex pause or node delay at either flagship customer would compress near-term order intake and pressure the 2027 revenue trajectory management just raised.
AI verdict council
Each pick is reviewed independently by 3 models before any order. 3 of 3 voted to proceed.