ASML HOLDING NV (1ASML.MI) Stock Fundamental Analysis
BIT:1ASML - Euronext Milan - NL0010273215 - Common Stock - Currency: EUR
Taking everything into account, 1ASML scores 7 out of 10 in our fundamental rating. 1ASML was compared to 54 industry peers in the Semiconductors & Semiconductor Equipment industry. Both the health and profitability get an excellent rating, making 1ASML a very profitable company, without any liquidiy or solvency issues. 1ASML is not priced too expensively while it is growing strongly. Keep and eye on this one! These ratings would make 1ASML suitable for growth and quality investing!
1. Profitability
1.1 Basic Checks
In the past year 1ASML was profitable.
In the past year 1ASML had a positive cash flow from operations.
In the past 5 years 1ASML has always been profitable.
1ASML had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
1ASML's Return On Assets of 15.58% is amongst the best of the industry. 1ASML outperforms 85.19% of its industry peers.
Looking at the Return On Equity, with a value of 40.98%, 1ASML belongs to the top of the industry, outperforming 94.44% of the companies in the same industry.
With an excellent Return On Invested Capital value of 25.98%, 1ASML belongs to the best of the industry, outperforming 94.44% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for 1ASML is significantly above the industry average of 15.25%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 15.58% | ||
| ROE | 40.98% | ||
| ROIC | 25.98% |
ROA(3y)16.96%
ROA(5y)16.56%
ROE(3y)49.24%
ROE(5y)44.73%
ROIC(3y)27.9%
ROIC(5y)25.53%
1.3 Margins
The Profit Margin of 1ASML (26.79%) is better than 87.04% of its industry peers.
In the last couple of years the Profit Margin of 1ASML has grown nicely.
1ASML has a better Operating Margin (31.92%) than 83.33% of its industry peers.
In the last couple of years the Operating Margin of 1ASML has grown nicely.
1ASML has a Gross Margin of 51.28%. This is in the better half of the industry: 1ASML outperforms 70.37% of its industry peers.
In the last couple of years the Gross Margin of 1ASML has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 31.92% | ||
| PM (TTM) | 26.79% | ||
| GM | 51.28% |
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%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), 1ASML is creating value.
1ASML has about the same amout of shares outstanding than it did 1 year ago.
1ASML has less shares outstanding than it did 5 years ago.
1ASML has a better debt/assets ratio than last year.
2.2 Solvency
1ASML has an Altman-Z score of 6.97. This indicates that 1ASML is financially healthy and has little risk of bankruptcy at the moment.
1ASML has a better Altman-Z score (6.97) than 66.67% of its industry peers.
1ASML has a debt to FCF ratio of 0.55. This is a very positive value and a sign of high solvency as it would only need 0.55 years to pay back of all of its debts.
With an excellent Debt to FCF ratio value of 0.55, 1ASML belongs to the best of the industry, outperforming 88.89% of the companies in the same industry.
A Debt/Equity ratio of 0.21 indicates that 1ASML is not too dependend on debt financing.
1ASML has a Debt to Equity ratio (0.21) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.21 | ||
| Debt/FCF | 0.55 | ||
| Altman-Z | 6.97 |
ROIC/WACC2.46
WACC10.57%
2.3 Liquidity
A Current Ratio of 1.53 indicates that 1ASML should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.53, 1ASML is doing worse than 74.07% of the companies in the same industry.
A Quick Ratio of 0.99 indicates that 1ASML may have some problems paying its short term obligations.
1ASML's Quick ratio of 0.99 is on the low side compared to the rest of the industry. 1ASML is outperformed by 72.22% 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 Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.53 | ||
| Quick Ratio | 0.99 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 22.60% over the past year.
The Earnings Per Share has been growing by 25.62% on average over the past years. This is a very strong growth
1ASML shows a small growth in Revenue. In the last year, the Revenue has grown by 2.56%.
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)22.6%
EPS 3Y10.24%
EPS 5Y25.62%
EPS Q2Q%92.93%
Revenue 1Y (TTM)2.56%
Revenue growth 3Y14.94%
Revenue growth 5Y19.05%
Sales Q2Q%46.34%
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 17.78% yearly.
1ASML is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 11.34% yearly.
EPS Next Y24.43%
EPS Next 2Y21.11%
EPS Next 3Y20.74%
EPS Next 5Y17.78%
Revenue Next Year15.08%
Revenue Next 2Y12.23%
Revenue Next 3Y12.65%
Revenue Next 5Y11.34%
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.
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 29.46, which means the current valuation is very expensive for 1ASML.
The rest of the industry has a similar Price/Earnings ratio as 1ASML.
1ASML's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 26.43.
1ASML is valuated rather expensively with a Price/Forward Earnings ratio of 23.10.
1ASML's Price/Forward Earnings is on the same level as the industry average.
When comparing the Price/Forward Earnings ratio of 1ASML to the average of the S&P500 Index (22.17), we can say 1ASML is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29.46 | ||
| Fwd PE | 23.1 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, 1ASML is valued a bit more expensive than 64.81% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of 1ASML indicates a somewhat cheap valuation: 1ASML is cheaper than 68.52% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 28.27 | ||
| EV/EBITDA | 24.97 |
4.3 Compensation for Growth
1ASML's 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.
A more expensive valuation may be justified as 1ASML's earnings are expected to grow with 20.74% in the coming years.
PEG (NY)1.21
PEG (5Y)1.15
EPS Next 2Y21.11%
EPS Next 3Y20.74%
5. Dividend
5.1 Amount
With a yearly dividend of 0.96%, 1ASML is not a good candidate for dividend investing.
1ASML's Dividend Yield is a higher than the industry average which is at 1.53.
With a Dividend Yield of 0.96, 1ASML pays less dividend than the S&P500 average, which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.96% |
5.2 History
The dividend of 1ASML is nicely growing with an annual growth rate of 14.61%!
Dividend Growth(5Y)14.61%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
32.40% of the earnings are spent on dividend by 1ASML. This is a low number and sustainable payout ratio.
The dividend of 1ASML is growing, but earnings are growing more, so the dividend growth is sustainable.
DP32.4%
EPS Next 2Y21.11%
EPS Next 3Y20.74%
BIT:1ASML (6/4/2025, 7:00:00 PM)
652
+6.2 (+0.96%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners52.38%
Inst Owner ChangeN/A
Ins Owners0.02%
Ins Owner ChangeN/A
Market Cap256.78B
Analysts80
Price Target792.16 (21.5%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.96% |
Yearly Dividend6.24
Dividend Growth(5Y)14.61%
DP32.4%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)3.52%
Min EPS beat(2)-0.46%
Max EPS beat(2)7.51%
EPS beat(4)3
Avg EPS beat(4)6.1%
Min EPS beat(4)-0.46%
Max EPS beat(4)10.42%
EPS beat(8)7
Avg EPS beat(8)7.03%
EPS beat(12)11
Avg EPS beat(12)7.51%
EPS beat(16)14
Avg EPS beat(16)8.25%
Revenue beat(2)2
Avg Revenue beat(2)1.27%
Min Revenue beat(2)0.08%
Max Revenue beat(2)2.45%
Revenue beat(4)3
Avg Revenue beat(4)0.11%
Min Revenue beat(4)-3.8%
Max Revenue beat(4)2.45%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
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)-1.32%
PT rev (3m)-9.1%
EPS NQ rev (1m)0%
EPS NQ rev (3m)12.21%
EPS NY rev (1m)0%
EPS NY rev (3m)-1.22%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)2.57%
Revenue NY rev (1m)0.03%
Revenue NY rev (3m)-1.13%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29.46 | ||
| Fwd PE | 23.1 | ||
| P/S | 9.09 | ||
| P/FCF | 28.27 | ||
| P/OCF | 23 | ||
| P/B | 13.9 | ||
| P/tB | 19.35 | ||
| EV/EBITDA | 24.97 |
EPS(TTM)22.13
EY3.39%
EPS(NY)28.22
Fwd EY4.33%
FCF(TTM)23.06
FCFY3.54%
OCF(TTM)28.35
OCFY4.35%
SpS71.76
BVpS46.92
TBVpS33.69
PEG (NY)1.21
PEG (5Y)1.15
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 15.58% | ||
| ROE | 40.98% | ||
| ROCE | 31.62% | ||
| ROIC | 25.98% | ||
| ROICexc | 46.94% | ||
| ROICexgc | 70.04% | ||
| OM | 31.92% | ||
| PM (TTM) | 26.79% | ||
| GM | 51.28% | ||
| FCFM | 32.14% |
ROA(3y)16.96%
ROA(5y)16.56%
ROE(3y)49.24%
ROE(5y)44.73%
ROIC(3y)27.9%
ROIC(5y)25.53%
ROICexc(3y)43.46%
ROICexc(5y)39.92%
ROICexgc(3y)81.29%
ROICexgc(5y)81.27%
ROCE(3y)33.95%
ROCE(5y)31.07%
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-Score7
Asset Turnover0.58
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.21 | ||
| Debt/FCF | 0.55 | ||
| Debt/EBITDA | 0.39 | ||
| Cap/Depr | 226.77% | ||
| Cap/Sales | 7.37% | ||
| Interest Coverage | 56.39 | ||
| Cash Conversion | 112.32% | ||
| Profit Quality | 119.96% | ||
| Current Ratio | 1.53 | ||
| Quick Ratio | 0.99 | ||
| Altman-Z | 6.97 |
F-Score7
WACC10.57%
ROIC/WACC2.46
Cap/Depr(3y)259.75%
Cap/Depr(5y)228.84%
Cap/Sales(3y)9.74%
Cap/Sales(5y)9.91%
Profit Quality(3y)91.57%
Profit Quality(5y)107.38%
High Growth Momentum
Growth
EPS 1Y (TTM)22.6%
EPS 3Y10.24%
EPS 5Y25.62%
EPS Q2Q%92.93%
EPS Next Y24.43%
EPS Next 2Y21.11%
EPS Next 3Y20.74%
EPS Next 5Y17.78%
Revenue 1Y (TTM)2.56%
Revenue growth 3Y14.94%
Revenue growth 5Y19.05%
Sales Q2Q%46.34%
Revenue Next Year15.08%
Revenue Next 2Y12.23%
Revenue Next 3Y12.65%
Revenue Next 5Y11.34%
EBIT growth 1Y-5.14%
EBIT growth 3Y9.72%
EBIT growth 5Y27.13%
EBIT Next Year33.08%
EBIT Next 3Y21.81%
EBIT Next 5Y19.23%
FCF growth 1Y167.57%
FCF growth 3Y-3.05%
FCF growth 5Y29.82%
OCF growth 1Y70.84%
OCF growth 3Y-1.24%
OCF growth 5Y25.03%