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Should you consider NASDAQ:ASML for growth investing?

By Mill Chart

Last update: Feb 23, 2024

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

  • The earnings per share (EPS) of ASML HOLDING NV-NY REG SHS have shown positive growth on a quarter-to-quarter (Q2Q) basis, with a 39.27% increase. This reflects the company's ability to improve its profitability over time.
  • ASML HOLDING NV-NY REG SHS has achieved significant quarter-to-quarter (Q2Q) revenue growth of 52.25%, signaling its ability to capture market opportunities and drive top-line expansion. This growth underscores the company's effective execution and its potential for continued success.
  • The 3-year EPS growth of ASML HOLDING NV-NY REG SHS (32.05%) highlights the company's ability to consistently improve its earnings performance and suggests a positive outlook for future profitability.
  • With a favorable Return on Equity (ROE) of 60.17%, ASML HOLDING NV-NY REG SHS demonstrates its ability to deliver attractive returns for shareholders. This metric highlights the company's effective management of assets and its profitability.
  • The Relative Strength (RS) of ASML HOLDING NV-NY REG SHS has been consistently solid, with a current 93.32 rating. This highlights the stock's ability to exhibit sustained price strength and signifies its competitive advantage. ASML HOLDING NV-NY REG SHS exhibits strong prospects for further price appreciation.
  • ASML HOLDING NV-NY REG SHS exhibits a favorable Debt-to-Equity ratio at 0.35. This highlights the company's ability to limit excessive debt levels and maintain a strong equity base, demonstrating its financial stability and risk management practices.
  • ASML HOLDING NV-NY REG SHS demonstrates a balanced ownership structure, with institutional shareholders at 18.38%. This indicates a diverse investor base, which can contribute to price stability and potential future growth.

Insights from Technical Analysis

Every day ChartMill assigns a Technical Rating to every stock. The score ranges from 0 to 10 and is determined by evaluating multiple technical indicators and properties.

We assign a technical rating of 10 out of 10 to ASML. Both in the recent history as in the last year, ASML has proven to be a steady performer, scoring decent points in every aspect analyzed.

  • The long and short term trends are both positive. This is looking good!
  • Looking at the yearly performance, ASML did better than 93% of all other stocks.
  • ASML is one of the better performing stocks in the Semiconductors & Semiconductor Equipment industry, it outperforms 80% of 106 stocks in the same industry.
  • ASML is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
  • In the last month ASML has a been trading in the 853.21 - 959.46 range, which is quite wide. It is currently trading near the high of this range.

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

How does the complete fundamental picture look for NASDAQ:ASML?

ChartMill employs a sophisticated system to assign a Fundamental Rating to every stock in its analysis. This rating, which ranges from 0 to 10, is determined by carefully assessing multiple fundamental indicators and properties.

ASML gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 106 industry peers in the Semiconductors & Semiconductor Equipment industry. ASML gets an excellent profitability rating and is at the same time showing great financial health properties. ASML is not overvalued while it is showing excellent growth. This is an interesting combination. This makes ASML very considerable for growth and quality investing!

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

Our CANSLIM screen will find you more ideas suited for growth investing.

Disclaimer

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.

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ASML HOLDING NV-NY REG SHS

NASDAQ:ASML (4/19/2024, 9:31:10 PM)

After market: 859.49 -0.05 (-0.01%)

859.54

-29.49 (-3.32%)

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No growth in 2024 should give way to a much stronger 2025.

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