ASM International NV has 5 years of solid financial results and meets our expectations of a well-managed company.
But we think the shares are overpriced. We believe they are worth £321.27*, but last time we checked, they were selling for £464.69*.
*Note: These shares actually trade in £ and the conversion to £ is approximate. We value them at €370.99 and they were trading at €536.60.
🛑 Shareholders' earnings are coming from somewhere other than operations.
✅ Could probably operate for more than a year without any new income.
✅ Could probably operate for more than a year without any new income.
✅ Comfortably covering its day-to-day costs and bills.
✅ Comfortably covering its day-to-day costs and bills.
✅ Has a strong financial cushion for the long term.
✅ Has a strong financial cushion for the long term.
✅ Less than a year's worth of inventory is being held.
✅ Less than a year's worth of inventory is being held.
✅ Paying out a healthy portion of expendable income to shareholders.
✅ Paying out a healthy portion of expendable income to shareholders.
✅ Shareholders' earnings are coming from operations.
🛑 Income actually returned to each shareholder is unreliable.
✅ Income after taxes and debts is stable and growing.
✅ Income after taxes and debts is stable and growing.
✅ Expendable income per shareholder is stable and growing.
✅ Expendable income per shareholder is stable and growing.
✅ Income actually returned to each shareholder is stable and growing.
✅ Shareholders earn over 8% per year on their shares.
✅ Shareholders earn over 8% per year on their shares.