More confident than ever

10/09/21 -"Important news to comment upon comes from TSMC which announced it would cut its supplier expenses by 15%. The news scared ASMI's investors as ASMI has over 60% of its sales within the top 3 ..."

Executive summary
Conflict of interest

Pages

Language

English

Published on

10/09/21

Download

You may also be interested by these reports :

22/01/26

VAT Group

We have upgraded our NAV EV/Sales multiple from 8x to 10x as we re-assessed the historical numbers and the upcoming growth coming from the ...

07/01/26

Valuation Wise

Looking at the best performing decile of the AlphaValue coverage over the last 5 trading days to 05-01-2026 shows remarkable performance of Semi ...

07/01/26

Siltronic AG

We have decided to categorise Siltronics in the semicoductor industry, changing it from the earlier categorisation of industries related to ...

05/01/26

VAT Group

We have slightly modified our long-term business model, aligning it with the guidance provided during the Capital Markets Day. We have now reduced ...

EXECUTIVE SUMMARY

Updates

Pension Risks

Target & Opinion

Governance & Management

Business & Trends

Graphics : Momentum

Money Making

Graphics : MACD & Volumes

Debt

Graphics : Sensitivities

Valuation

Sector: Performance

DCF

Sector: Key data

NAV/SOTP

Sector: Ratios & Valorisation

Worth knowing

Sector: Peers

Financials

Sector: Analysis

CONFLICTS OF INTEREST

AlphaValue does not have nor seek any business with companies covered in AlphaValue Research paid by subscription. As a result, investors can be confident that there is no conflict of interest that could affect the objectivity of AlphaValue Research.

Corporate broking

Trading in corporate shares

Analyst ownership

Advising of corporate (strategy, marketing, debt, etc)

Research paid for by corporate

Provision of corporate access paid for by corporate

Link between and a banking entity

Brokerage activity at AlphaValue

ASM International