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ASML HOLDING NV (1ASML.MI) Stock Fundamental Analysis

BIT:1ASML - Euronext Milan - NL0010273215 - Common Stock - Currency: EUR

602.3  +7.2 (+1.21%)

Fundamental Rating

7

We assign a fundamental rating of 7 out of 10 to 1ASML. 1ASML was compared to 60 industry peers in the Semiconductors & Semiconductor Equipment industry. 1ASML scores excellent points on both the profitability and health parts. This is a solid base for a good stock. 1ASML is growing strongly while it is still valued neutral. This is a good combination! With these ratings, 1ASML could be worth investigating further for growth and quality investing!.


Dividend Valuation Growth Profitability Health

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9

1. Profitability

1.1 Basic Checks

1ASML had positive earnings in the past year.
1ASML had a positive operating cash flow in the past year.
Each year in the past 5 years 1ASML has been profitable.
1ASML had a positive operating cash flow in each of the past 5 years.
1ASML.MI Yearly Net Income VS EBIT VS OCF VS FCF1ASML.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B

1.2 Ratios

With an excellent Return On Assets value of 19.14%, 1ASML belongs to the best of the industry, outperforming 85.00% of the companies in the same industry.
1ASML has a better Return On Equity (43.78%) than 91.67% of its industry peers.
With an excellent Return On Invested Capital value of 30.33%, 1ASML belongs to the best of the industry, outperforming 91.67% of the companies in the same industry.
1ASML had an Average Return On Invested Capital over the past 3 years of 27.63%. This is significantly above the industry average of 15.32%.
The 3 year average ROIC (27.63%) for 1ASML is below the current ROIC(30.33%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 19.14%
ROE 43.78%
ROIC 30.33%
ROA(3y)16.75%
ROA(5y)16.43%
ROE(3y)48.67%
ROE(5y)44.39%
ROIC(3y)27.63%
ROIC(5y)25.44%
1ASML.MI Yearly ROA, ROE, ROIC1ASML.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40 50

1.3 Margins

Looking at the Profit Margin, with a value of 29.31%, 1ASML belongs to the top of the industry, outperforming 85.00% of the companies in the same industry.
In the last couple of years the Profit Margin of 1ASML has grown nicely.
1ASML's Operating Margin of 34.90% is amongst the best of the industry. 1ASML outperforms 88.33% of its industry peers.
In the last couple of years the Operating Margin of 1ASML has grown nicely.
1ASML has a better Gross Margin (52.58%) than 66.67% of its industry peers.
In the last couple of years the Gross Margin of 1ASML has grown nicely.
Industry RankSector Rank
OM 34.9%
PM (TTM) 29.31%
GM 52.58%
OM growth 3Y-4.54%
OM growth 5Y6.79%
PM growth 3Y-6.68%
PM growth 5Y4.17%
GM growth 3Y0.44%
GM growth 5Y4.34%
1ASML.MI Yearly Profit, Operating, Gross Margins1ASML.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40 50

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7

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), 1ASML is creating value.
Compared to 1 year ago, 1ASML has about the same amount of shares outstanding.
The number of shares outstanding for 1ASML has been reduced compared to 5 years ago.
Compared to 1 year ago, 1ASML has an improved debt to assets ratio.
1ASML.MI Yearly Shares Outstanding1ASML.MI Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M
1ASML.MI Yearly Total Debt VS Total Assets1ASML.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B 40B

2.2 Solvency

1ASML has an Altman-Z score of 7.33. This indicates that 1ASML is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of 1ASML (7.33) is better than 61.67% of its industry peers.
The Debt to FCF ratio of 1ASML is 0.51, which is an excellent value as it means it would take 1ASML, only 0.51 years of fcf income to pay off all of its debts.
1ASML's Debt to FCF ratio of 0.51 is amongst the best of the industry. 1ASML outperforms 88.33% of its industry peers.
A Debt/Equity ratio of 0.17 indicates that 1ASML is not too dependend on debt financing.
1ASML has a Debt to Equity ratio of 0.17. This is in the better half of the industry: 1ASML outperforms 61.67% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.17
Debt/FCF 0.51
Altman-Z 7.33
ROIC/WACC2.96
WACC10.25%
1ASML.MI Yearly LT Debt VS Equity VS FCF1ASML.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B

2.3 Liquidity

1ASML has a Current Ratio of 1.41. This is a normal value and indicates that 1ASML is financially healthy and should not expect problems in meeting its short term obligations.
1ASML's Current ratio of 1.41 is on the low side compared to the rest of the industry. 1ASML is outperformed by 80.00% of its industry peers.
1ASML has a Quick Ratio of 1.41. This is a bad value and indicates that 1ASML is not financially healthy enough and could expect problems in meeting its short term obligations.
1ASML has a Quick ratio of 0.79. This is amonst the worse of the industry: 1ASML underperforms 86.67% of its industry peers.
1ASML does not score too well on the current and quick ratio evaluation. However, as it has excellent solvency and profitability, these ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
Industry RankSector Rank
Current Ratio 1.41
Quick Ratio 0.79
1ASML.MI Yearly Current Assets VS Current Liabilites1ASML.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B

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8

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 40.22% over the past year.
Measured over the past years, 1ASML shows a very strong growth in Earnings Per Share. The EPS has been growing by 25.62% on average per year.
Looking at the last year, 1ASML shows a very strong growth in Revenue. The Revenue has grown by 26.41%.
Measured over the past years, 1ASML shows a quite strong growth in Revenue. The Revenue has been growing by 19.05% on average per year.
EPS 1Y (TTM)40.22%
EPS 3Y10.24%
EPS 5Y25.62%
EPS Q2Q%47.13%
Revenue 1Y (TTM)26.41%
Revenue growth 3Y14.94%
Revenue growth 5Y19.05%
Sales Q2Q%23.21%

3.2 Future

1ASML is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 18.80% yearly.
The Revenue is expected to grow by 11.29% on average over the next years. This is quite good.
EPS Next Y24.43%
EPS Next 2Y21.11%
EPS Next 3Y20.74%
EPS Next 5Y18.8%
Revenue Next Year15.88%
Revenue Next 2Y9.94%
Revenue Next 3Y10.92%
Revenue Next 5Y11.29%

3.3 Evolution

The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
1ASML.MI Yearly Revenue VS Estimates1ASML.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 20B 40B 60B
1ASML.MI Yearly EPS VS Estimates1ASML.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 20 40 60

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5

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 25.07 indicates a quite expensive valuation of 1ASML.
1ASML's Price/Earnings ratio is in line with the industry average.
1ASML is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.24, which is the current average of the S&P500 Index.
1ASML is valuated rather expensively with a Price/Forward Earnings ratio of 21.34.
1ASML's Price/Forward Earnings ratio is in line with the industry average.
When comparing the Price/Forward Earnings ratio of 1ASML to the average of the S&P500 Index (36.42), we can say 1ASML is valued slightly cheaper.
Industry RankSector Rank
PE 25.07
Fwd PE 21.34
1ASML.MI Price Earnings VS Forward Price Earnings1ASML.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

1ASML's Enterprise Value to EBITDA ratio is in line with the industry average.
Based on the Price/Free Cash Flow ratio, 1ASML is valued a bit cheaper than 71.67% of the companies in the same industry.
Industry RankSector Rank
P/FCF 25.73
EV/EBITDA 19.27
1ASML.MI Per share data1ASML.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80

4.3 Compensation for Growth

The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The excellent profitability rating of 1ASML may justify a higher PE ratio.
1ASML's earnings are expected to grow with 20.74% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.03
PEG (5Y)0.98
EPS Next 2Y21.11%
EPS Next 3Y20.74%

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6

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 1.06%, 1ASML has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 1.33, 1ASML pays a bit more dividend than its industry peers.
With a Dividend Yield of 1.06, 1ASML pays less dividend than the S&P500 average, which is at 2.40.
Industry RankSector Rank
Dividend Yield 1.06%

5.2 History

On average, the dividend of 1ASML grows each year by 14.61%, which is quite nice.
Dividend Growth(5Y)14.61%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

26.57% of the earnings are spent on dividend by 1ASML. This is a low number and sustainable payout ratio.
1ASML's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP26.57%
EPS Next 2Y21.11%
EPS Next 3Y20.74%
1ASML.MI Yearly Income VS Free CF VS Dividend1ASML.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B
1ASML.MI Dividend Payout.1ASML.MI Dividend Payout, showing the Payout Ratio.1ASML.MI Dividend Payout.PayoutRetained Earnings

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ASML HOLDING NV

BIT:1ASML (8/4/2025, 7:00:00 PM)

602.3

+7.2 (+1.21%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)07-16 2025-07-16/bmo
Earnings (Next)10-15 2025-10-15/amc
Inst Owners50.81%
Inst Owner ChangeN/A
Ins Owners0.02%
Ins Owner ChangeN/A
Market Cap237.20B
Analysts78.1
Price Target761.69 (26.46%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.06%
Yearly Dividend6.24
Dividend Growth(5Y)14.61%
DP26.57%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)6.54%
Min EPS beat(2)1.85%
Max EPS beat(2)11.23%
EPS beat(4)3
Avg EPS beat(4)5.03%
Min EPS beat(4)-0.46%
Max EPS beat(4)11.23%
EPS beat(8)7
Avg EPS beat(8)5.91%
EPS beat(12)11
Avg EPS beat(12)7.64%
EPS beat(16)15
Avg EPS beat(16)7.77%
Revenue beat(2)1
Avg Revenue beat(2)-1.38%
Min Revenue beat(2)-3.04%
Max Revenue beat(2)0.27%
Revenue beat(4)3
Avg Revenue beat(4)-0.06%
Min Revenue beat(4)-3.04%
Max Revenue beat(4)2.45%
Revenue beat(8)5
Avg Revenue beat(8)-0.26%
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-2.97%
PT rev (3m)-5.11%
EPS NQ rev (1m)-8.74%
EPS NQ rev (3m)-8.11%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)-5.52%
Revenue NQ rev (3m)-5.63%
Revenue NY rev (1m)0.69%
Revenue NY rev (3m)0.73%
Valuation
Industry RankSector Rank
PE 25.07
Fwd PE 21.34
P/S 7.37
P/FCF 25.73
P/OCF 21.19
P/B 11.02
P/tB 20.14
EV/EBITDA 19.27
EPS(TTM)24.02
EY3.99%
EPS(NY)28.22
Fwd EY4.69%
FCF(TTM)23.41
FCFY3.89%
OCF(TTM)28.42
OCFY4.72%
SpS81.67
BVpS54.67
TBVpS29.91
PEG (NY)1.03
PEG (5Y)0.98
Profitability
Industry RankSector Rank
ROA 19.14%
ROE 43.78%
ROCE 36.63%
ROIC 30.33%
ROICexc 39.72%
ROICexgc 68.12%
OM 34.9%
PM (TTM) 29.31%
GM 52.58%
FCFM 28.66%
ROA(3y)16.75%
ROA(5y)16.43%
ROE(3y)48.67%
ROE(5y)44.39%
ROIC(3y)27.63%
ROIC(5y)25.44%
ROICexc(3y)43.14%
ROICexc(5y)39.83%
ROICexgc(3y)80.76%
ROICexgc(5y)81.19%
ROCE(3y)33.37%
ROCE(5y)30.72%
ROICexcg growth 3Y-15.63%
ROICexcg growth 5Y18.79%
ROICexc growth 3Y0.79%
ROICexc growth 5Y25.18%
OM growth 3Y-4.54%
OM growth 5Y6.79%
PM growth 3Y-6.68%
PM growth 5Y4.17%
GM growth 3Y0.44%
GM growth 5Y4.34%
F-Score8
Asset Turnover0.65
Health
Industry RankSector Rank
Debt/Equity 0.17
Debt/FCF 0.51
Debt/EBITDA 0.3
Cap/Depr 206.83%
Cap/Sales 6.14%
Interest Coverage 79.5
Cash Conversion 91.9%
Profit Quality 97.79%
Current Ratio 1.41
Quick Ratio 0.79
Altman-Z 7.33
F-Score8
WACC10.25%
ROIC/WACC2.96
Cap/Depr(3y)258.74%
Cap/Depr(5y)228.24%
Cap/Sales(3y)8.6%
Cap/Sales(5y)9.22%
Profit Quality(3y)91.44%
Profit Quality(5y)107.3%
High Growth Momentum
Growth
EPS 1Y (TTM)40.22%
EPS 3Y10.24%
EPS 5Y25.62%
EPS Q2Q%47.13%
EPS Next Y24.43%
EPS Next 2Y21.11%
EPS Next 3Y20.74%
EPS Next 5Y18.8%
Revenue 1Y (TTM)26.41%
Revenue growth 3Y14.94%
Revenue growth 5Y19.05%
Sales Q2Q%23.21%
Revenue Next Year15.88%
Revenue Next 2Y9.94%
Revenue Next 3Y10.92%
Revenue Next 5Y11.29%
EBIT growth 1Y37.16%
EBIT growth 3Y9.72%
EBIT growth 5Y27.13%
EBIT Next Year33.08%
EBIT Next 3Y21.81%
EBIT Next 5Y18.34%
FCF growth 1Y57.21%
FCF growth 3Y-3.05%
FCF growth 5Y29.82%
OCF growth 1Y29.28%
OCF growth 3Y-1.24%
OCF growth 5Y25.03%