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Is NASDAQ:ASML suited for growth investing?

By Mill Chart

Last update: Sep 6, 2023

In this article we will dive into ASML HOLDING NV-NY REG SHS (NASDAQ:ASML) as a possible candidate for growth investing. Investors should always do their own research, but we noticed ASML HOLDING NV-NY REG SHS showing up in our CANSLIM growth screen, which makes it worth to investigate a bit more.

Some of the canslim metrics of NASDAQ:ASML highlighted

  • With a favorable trend in its quarter-to-quarter (Q2Q) earnings per share (EPS), ASML HOLDING NV-NY REG SHS highlights its ability to generate increasing profitability, showcasing a 39.27% growth.
  • The quarter-to-quarter (Q2Q) revenue growth of 52.24% of ASML HOLDING NV-NY REG SHS has been strong, reflecting the company's ability to generate consistent sales growth. This growth suggests the company's ability to meet customer needs and drive revenue growth.
  • ASML HOLDING NV-NY REG SHS has achieved 32.05% growth in EPS over the past 3 years, reflecting a sustained improvement in earnings performance.
  • The Return on Equity (ROE) of ASML HOLDING NV-NY REG SHS stands at 60.17%, reflecting the company's strong profitability and effective utilization of shareholder equity. This metric signifies the company's ability to generate returns for its investors.
  • ASML HOLDING NV-NY REG SHS has exhibited strong Relative Strength(RS) in recent periods, with a current 84.96 rating. This indicates the stock's ability to outperform the broader market and reflects its competitive position. ASML HOLDING NV-NY REG SHS shows promising potential for continued price momentum.
  • ASML HOLDING NV-NY REG SHS maintains a healthy Debt-to-Equity ratio of 0.35. This indicates the company's conservative capital structure and signifies its ability to effectively manage debt obligations while maintaining a strong equity position.
  • With institutional shareholders at 18.92%, ASML HOLDING NV-NY REG SHS demonstrates a healthy ownership distribution. This reflects a mix of institutional and individual investors, creating a market environment that may foster increased trading activity and price discovery.

Technical analysis of NASDAQ:ASML

As part of its analysis, ChartMill provides a comprehensive Technical Rating for each stock. This rating, ranging from 0 to 10, is updated on a daily basis and is based on the evaluation of various technical indicators and properties.

Taking everything into account, ASML scores 3 out of 10 in our technical rating. Although ASML is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.

  • Looking at the yearly performance, ASML did better than 84% of all other stocks. We also observe that the gains produced by ASML over the past year are nicely spread over this period.
  • ASML is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ASML is lagging the market slightly.
  • In the last month ASML has a been trading in the 635.87 - 695.32 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
  • The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
  • ASML is an average performer in the Semiconductors & Semiconductor Equipment industry, it outperforms 63% of 105 stocks in the same industry.

Our latest full technical report of ASML contains the most current technical analsysis.

What else is there to say on the fundamentals of NASDAQ:ASML?

ChartMill assigns a Fundamental Rating to every stock. This score, ranging from 0 to 10, is updated daily and is determined by evaluating multiple fundamental indicators and properties.

We assign a fundamental rating of 7 out of 10 to ASML. ASML was compared to 105 industry peers in the Semiconductors & Semiconductor Equipment industry. ASML scores excellent points on both the profitability and health parts. This is a solid base for a good stock. ASML is not overvalued while it is showing excellent growth. This is an interesting combination. With these ratings, ASML could be worth investigating further for growth and quality investing!.

Our latest full fundamental report of ASML contains the most current fundamental analsysis.

More ideas for growth investing can be found on ChartMill in our CANSLIM screen.

Keep in mind

This article should in no way be interpreted as advice in any way. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.



NASDAQ:ASML (12/8/2023, 11:36:53 AM)


-3.13 (-0.45%)


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