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 51 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 not priced too expensively while it is growing strongly. Keep and eye on this one! This makes 1ASML very considerable for growth and quality investing!
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.
In the past 5 years 1ASML has always been profitable.
Each year in the past 5 years 1ASML had a positive operating cash flow.
1.2 Ratios
1ASML has a Return On Assets of 15.58%. This is amongst the best in the industry. 1ASML outperforms 86.27% 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 94.12% 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 94.12% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for 1ASML is significantly above the industry average of 15.31%.
| 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 84.31% of its industry peers.
1ASML's Profit Margin has improved in the last couple of years.
With an excellent Operating Margin value of 31.92%, 1ASML belongs to the best of the industry, outperforming 80.39% of the companies in the same industry.
In the last couple of years the Operating Margin of 1ASML has grown nicely.
With a decent Gross Margin value of 51.28%, 1ASML is doing good in the industry, outperforming 68.63% of the companies in the same industry.
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
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so 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.
The debt/assets ratio for 1ASML has been reduced compared to a year ago.
2.2 Solvency
1ASML has an Altman-Z score of 7.12. This indicates that 1ASML is financially healthy and has little risk of bankruptcy at the moment.
With a Altman-Z score value of 7.12, 1ASML perfoms like the industry average, outperforming 56.86% of the companies in the same industry.
The Debt to FCF ratio of 1ASML is 0.55, which is an excellent value as it means it would take 1ASML, only 0.55 years of fcf income to pay off all of its debts.
1ASML has a better Debt to FCF ratio (0.55) than 84.31% of its industry peers.
1ASML has a Debt/Equity ratio of 0.21. This is a healthy value indicating a solid balance between debt and equity.
1ASML has a Debt to Equity ratio of 0.21. This is comparable to the rest of the industry: 1ASML outperforms 56.86% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.21 | ||
| Debt/FCF | 0.55 | ||
| Altman-Z | 7.12 |
ROIC/WACC2.47
WACC10.5%
2.3 Liquidity
1ASML has a Current Ratio of 1.53. This is a normal value and indicates that 1ASML is financially healthy and should not expect problems in meeting its short term obligations.
1ASML has a Current ratio of 1.53. This is in the lower half of the industry: 1ASML underperforms 74.51% of its industry peers.
1ASML has a Quick Ratio of 1.53. 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 0.99. This is in the lower half of the industry: 1ASML underperforms 72.55% 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.
1ASML shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 25.62% yearly.
The Revenue has been growing slightly by 2.56% in the past year.
The Revenue has been growing by 19.05% on average over the past years. This is quite good.
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
The Earnings Per Share is expected to grow by 18.80% on average over the next years. This is quite good.
Based on estimates for the next years, 1ASML will show a quite strong growth in Revenue. The Revenue will grow by 11.29% on average per year.
EPS Next Y24.43%
EPS Next 2Y21.11%
EPS Next 3Y20.74%
EPS Next 5Y18.8%
Revenue Next Year15.08%
Revenue Next 2Y12.23%
Revenue Next 3Y12.65%
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.
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
A Price/Earnings ratio of 30.22 indicates a quite expensive valuation of 1ASML.
The rest of the industry has a similar Price/Earnings ratio as 1ASML.
The average S&P500 Price/Earnings ratio is at 27.28. 1ASML is around the same levels.
Based on the Price/Forward Earnings ratio of 23.70, the valuation of 1ASML can be described as rather expensive.
1ASML's Price/Forward Earnings ratio is in line with the industry average.
1ASML's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 21.76.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.22 | ||
| Fwd PE | 23.7 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, 1ASML is valued a bit more expensive than 62.75% of the companies in the same industry.
1ASML's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. 1ASML is cheaper than 76.47% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 29 | ||
| EV/EBITDA | 25.72 |
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)1.24
PEG (5Y)1.18
EPS Next 2Y21.11%
EPS Next 3Y20.74%
5. Dividend
5.1 Amount
1ASML has a yearly dividend return of 0.94%, which is pretty low.
1ASML's Dividend Yield is a higher than the industry average which is at 1.15.
With a Dividend Yield of 0.94, 1ASML pays less dividend than the S&P500 average, which is at 2.42.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.94% |
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
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 (7/1/2025, 7:00:00 PM)
668.8
-11.4 (-1.68%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners50.81%
Inst Owner ChangeN/A
Ins Owners0.02%
Ins Owner ChangeN/A
Market Cap263.39B
Analysts80.48
Price Target784.99 (17.37%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.94% |
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)-0.9%
PT rev (3m)-9.59%
EPS NQ rev (1m)0%
EPS NQ rev (3m)14.05%
EPS NY rev (1m)0%
EPS NY rev (3m)-1.87%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)4.2%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.1%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.22 | ||
| Fwd PE | 23.7 | ||
| P/S | 9.32 | ||
| P/FCF | 29 | ||
| P/OCF | 23.59 | ||
| P/B | 14.26 | ||
| P/tB | 19.85 | ||
| EV/EBITDA | 25.72 |
EPS(TTM)22.13
EY3.31%
EPS(NY)28.22
Fwd EY4.22%
FCF(TTM)23.06
FCFY3.45%
OCF(TTM)28.35
OCFY4.24%
SpS71.76
BVpS46.92
TBVpS33.69
PEG (NY)1.24
PEG (5Y)1.18
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 | 7.12 |
F-Score7
WACC10.5%
ROIC/WACC2.47
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 5Y18.8%
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 5Y11.29%
EBIT growth 1Y-5.14%
EBIT growth 3Y9.72%
EBIT growth 5Y27.13%
EBIT Next Year33.08%
EBIT Next 3Y21.81%
EBIT Next 5Y18.34%
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%