ASM International provides deposition wafer fab equipment. Despite lacking the product breadth and scale of peers like Applied Materials or Lam Research, ASM has carved out a strong position in atomic layer deposition, the fastest-growing, most advanced type of deposition, where it has more than 50% market share.
ASM will outgrow the overall wafer fab equipment market, as the transition to gate-all-around transistors will increase adoption of ALD machines. We model a 13% 10-year sales CAGR.
ASM has smaller scale than closest competitors Applied Materials and Lam, which can offer a broad product portfolio to foundries, facilitating data sharing and software integration.
|
Metric
|
ASM
|
AMAT
|
8035
|
|---|---|---|---|
Price/Earnings (Normalized) | 47.70 | 48.46 | 10.59 |
Price/Book Value | 9.87 | 16.39 | 13.35 |
Price/Sales | 13.08 | 13.71 | 11.80 |
Price/Cash Flow | 39.16 | 46.91 | 52.67 |
|
Metric
|
ASM
|
AMAT
|
8035
|
|---|---|---|---|
Quick Ratio | 1.65 | 1.67 | 1.52 |
Current Ratio | 2.17 | 2.42 | 2.70 |
Interest Coverage | — | 33.00 | — |
|
Metric
|
ASM
|
AMAT
|
8035
|
|---|---|---|---|
Return on Assets (Normalized) | 17.33% | 22.69% | — |
Return on Equity (Normalized) | 23.72% | 39.18% | — |
Return on Invested Capital (Normalized) | 22.78% | 25.01% | — |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| ASML Holding NV
ASMLF
| LOCK|#<w%$YC | LOCK|!@ | $695B | |||
| ASML Holding NV ADR
ASML
| LOCK|l%hF<H#Z | LOCK|Br@ | $695B | |||
| Lam Research Corp
LRCX
| LOCK|DK?Ld?$ | LOCK|#^? | $426B | |||
| Applied Materials Inc
AMAT
| LOCK|#vdyC^x | LOCK|DZ | $420B | |||
| KLA Corp
KLAC
| LOCK|#T%y#BmQ | LOCK|Ftn | $261B | |||
| Tokyo Electron Ltd
TOELF
| — | — | — | $181B | ||
| Tokyo Electron Ltd ADR
TELWY
| — | — | — | $181B | ||
| Teradyne Inc
TER
| LOCK|mpPJ#P | LOCK|Nt | $65B | |||
| Qnity Electronics Inc
Q
| LOCK|YvrBB^Q | LOCK|p%@#$ | $27B | |||
| Entegris Inc
ENTG
| LOCK|Srpj<#& | LOCK|Jz | $24B |
United States