ASM
ConsumerValuation Breakdown
A classic Discounted Cash Flow model built on Free Cash Flow (FCF), the actual cash a business generates after all operating expenses and capital expenditures. Future FCF is projected for 10 years with gradually decaying growth, then discounted back to today's value using WACC. This is the gold standard of intrinsic valuation: it values the company based on what it can actually deliver to shareholders, independent of market sentiment.
Valuation Track Record
Retroactive intrinsic value vs actual close price — ASM
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
ASM exhibits several concerning indicators of earnings manipulation, as evidenced by a Beneish M-Score of -2.3313, significantly below the manipulation threshold of -1.78. The low earnings quality score of 26.4/100, particularly the zero scores in cash conversion and receivables, raises additional red flags regarding the reliability of reported earnings.
- Beneish M-Score of -2.3313 indicates potential earnings manipulation, well below the threshold of -1.78.
- Earnings Quality Score of 26.4/100, with eq_cash_conv and eq_receivables both at 0.0/100, suggests severe issues in cash flow management and revenue recognition.
- DSRI of 1.2912 indicates that ASM's inventory growth is not excessively outpacing revenue growth, which can be a positive sign in terms of inventory management.
The concentrated ownership structure, with the top five shareholders holding over 52% of shares, poses a risk of potential conflicts of interest and lack of oversight, particularly in a market where individual shareholders may have significant influence.
Investors should exercise caution and consider a deeper analysis of ASM's financial practices and governance structure before making investment decisions. Monitoring future earnings reports for improvements in cash conversion and receivables management will be crucial.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for ASM — hover nodes for intel, click to navigate