BESIY - BE Semiconductor: With A Little Delay The Hybrid Bonding Train Is About To Leave

2024-05-07 05:49:29 ET

Summary

• BESIY's share price has fallen significantly in recent months, making it worthwhile taking another look at the company.
• Despite the short-term noise, BESIY's fundamentals are still of high- quality.
• BESIY a dominant player in a rapidly growing market, have excellent management and a very healthy balance sheet.
• Based on DCF analysis, the share price is starting to look attractive again.
• Failure to meet the sky-high expectations is the greatest risk when investing in BESIY and should certainly be taken into account in the decision-making process.

Investment thesis

BE Semiconductor Industries N.V. (BESIY) is a company that has a prominent place in my portfolio. November the 9th was the last time a wrote about the company and a lot has happened since then, BESIY has shot up to an all-time high of €182 per share.

However, from March 2024 the share price is in a downward trend again and is currently around €127. Suddenly there were news items, indicating that the adoption of hybrid bonding in the memory market was being delayed. In my opinion this is just short-term noise....

For further details see: