APPLIED MATERIALS INC (AP2.DE) Fundamental Analysis & Valuation

FRA:AP2 • US0382221051

300.25 EUR
-8.25 (-2.67%)
Last: Mar 5, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

This AP2.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

6

Overall AP2 gets a fundamental rating of 6 out of 10. We evaluated AP2 against 64 industry peers in the Semiconductors & Semiconductor Equipment industry. AP2 has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. AP2 has a decent growth rate and is not valued too expensively. These ratings could make AP2 a good candidate for quality investing.


Dividend Valuation Growth Profitability Health

8

1. AP2.DE Profitability Analysis

1.1 Basic Checks

  • AP2 had positive earnings in the past year.
  • In the past year AP2 had a positive cash flow from operations.
  • Each year in the past 5 years AP2 has been profitable.
  • AP2 had a positive operating cash flow in each of the past 5 years.
AP2.DE Yearly Net Income VS EBIT VS OCF VS FCFAP2.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B

1.2 Ratios

  • AP2 has a Return On Assets of 19.28%. This is amongst the best in the industry. AP2 outperforms 92.19% of its industry peers.
  • AP2 has a better Return On Equity (34.28%) than 82.81% of its industry peers.
  • AP2 has a Return On Invested Capital of 24.38%. This is amongst the best in the industry. AP2 outperforms 85.94% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for AP2 is significantly above the industry average of 15.14%.
Industry RankSector Rank
ROA 19.28%
ROE 34.28%
ROIC 24.38%
ROA(3y)20.82%
ROA(5y)21.93%
ROE(3y)38%
ROE(5y)43.11%
ROIC(3y)25.04%
ROIC(5y)27.65%
AP2.DE Yearly ROA, ROE, ROICAP2.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40 50

1.3 Margins

  • With a decent Profit Margin value of 24.67%, AP2 is doing good in the industry, outperforming 68.75% of the companies in the same industry.
  • In the last couple of years the Profit Margin of AP2 has grown nicely.
  • AP2 has a Operating Margin of 29.86%. This is in the better half of the industry: AP2 outperforms 73.44% of its industry peers.
  • In the last couple of years the Operating Margin of AP2 has grown nicely.
  • Looking at the Gross Margin, with a value of 48.67%, AP2 is in line with its industry, outperforming 46.88% of the companies in the same industry.
  • In the last couple of years the Gross Margin of AP2 has grown nicely.
Industry RankSector Rank
OM 29.86%
PM (TTM) 24.67%
GM 48.67%
OM growth 3Y-0.37%
OM growth 5Y3.31%
PM growth 3Y-0.85%
PM growth 5Y3.24%
GM growth 3Y1.53%
GM growth 5Y1.71%
AP2.DE Yearly Profit, Operating, Gross MarginsAP2.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40

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8

2. AP2.DE Health Analysis

2.1 Basic Checks

  • AP2 has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
  • AP2 has less shares outstanding than it did 1 year ago.
  • The number of shares outstanding for AP2 has been reduced compared to 5 years ago.
  • The debt/assets ratio for AP2 has been reduced compared to a year ago.
AP2.DE Yearly Shares OutstandingAP2.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B
AP2.DE Yearly Total Debt VS Total AssetsAP2.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B

2.2 Solvency

  • AP2 has an Altman-Z score of 14.57. This indicates that AP2 is financially healthy and has little risk of bankruptcy at the moment.
  • The Altman-Z score of AP2 (14.57) is better than 85.94% of its industry peers.
  • AP2 has a debt to FCF ratio of 1.15. This is a very positive value and a sign of high solvency as it would only need 1.15 years to pay back of all of its debts.
  • With a decent Debt to FCF ratio value of 1.15, AP2 is doing good in the industry, outperforming 68.75% of the companies in the same industry.
  • A Debt/Equity ratio of 0.32 indicates that AP2 is not too dependend on debt financing.
  • With a Debt to Equity ratio value of 0.32, AP2 perfoms like the industry average, outperforming 40.63% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.32
Debt/FCF 1.15
Altman-Z 14.57
ROIC/WACC2.2
WACC11.07%
AP2.DE Yearly LT Debt VS Equity VS FCFAP2.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B

2.3 Liquidity

  • A Current Ratio of 2.61 indicates that AP2 has no problem at all paying its short term obligations.
  • The Current ratio of AP2 (2.61) is better than 67.19% of its industry peers.
  • A Quick Ratio of 1.90 indicates that AP2 should not have too much problems paying its short term obligations.
  • AP2 has a Quick ratio of 1.90. This is in the better half of the industry: AP2 outperforms 68.75% of its industry peers.
Industry RankSector Rank
Current Ratio 2.61
Quick Ratio 1.9
AP2.DE Yearly Current Assets VS Current LiabilitesAP2.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B

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5

3. AP2.DE Growth Analysis

3.1 Past

  • AP2 shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 5.72%.
  • Measured over the past years, AP2 shows a quite strong growth in Earnings Per Share. The EPS has been growing by 17.65% on average per year.
  • The Revenue has been growing slightly by 2.10% in the past year.
  • The Revenue has been growing by 10.52% on average over the past years. This is quite good.
EPS 1Y (TTM)5.72%
EPS 3Y6.91%
EPS 5Y17.65%
EPS Q2Q%0%
Revenue 1Y (TTM)2.1%
Revenue growth 3Y3.23%
Revenue growth 5Y10.52%
Sales Q2Q%-2.15%

3.2 Future

  • AP2 is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 11.04% yearly.
  • The Revenue is expected to grow by 6.57% on average over the next years.
EPS Next Y4.21%
EPS Next 2Y14.15%
EPS Next 3Y12.65%
EPS Next 5Y11.04%
Revenue Next Year9.29%
Revenue Next 2Y14.12%
Revenue Next 3Y12.13%
Revenue Next 5Y6.57%

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.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
AP2.DE Yearly Revenue VS EstimatesAP2.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 10B 20B 30B 40B
AP2.DE Yearly EPS VS EstimatesAP2.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 5 10 15

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4

4. AP2.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 37.02, which means the current valuation is very expensive for AP2.
  • Based on the Price/Earnings ratio, AP2 is valued a bit cheaper than the industry average as 64.06% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Earnings ratio of 26.74, AP2 is valued a bit more expensive.
  • Based on the Price/Forward Earnings ratio of 28.42, the valuation of AP2 can be described as expensive.
  • AP2's Price/Forward Earnings is on the same level as the industry average.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 24.82, AP2 is valued at the same level.
Industry RankSector Rank
PE 37.02
Fwd PE 28.42
AP2.DE Price Earnings VS Forward Price EarningsAP2.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of AP2 is on the same level as its industry peers.
  • Based on the Price/Free Cash Flow ratio, AP2 is valued a bit cheaper than the industry average as 64.06% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 48.59
EV/EBITDA 30.7
AP2.DE Per share dataAP2.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • AP2 has an outstanding profitability rating, which may justify a higher PE ratio.
  • A more expensive valuation may be justified as AP2's earnings are expected to grow with 12.65% in the coming years.
PEG (NY)8.8
PEG (5Y)2.1
EPS Next 2Y14.15%
EPS Next 3Y12.65%

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3

5. AP2.DE Dividend Analysis

5.1 Amount

  • AP2 has a yearly dividend return of 0.49%, which is pretty low.
  • Compared to an average industry Dividend Yield of 0.69, AP2 has a dividend in line with its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.82, AP2's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.49%

5.2 History

  • The dividend of AP2 is nicely growing with an annual growth rate of 14.79%!
Dividend Growth(5Y)14.79%
Div Incr Years6
Div Non Decr Years6
AP2.DE Yearly Dividends per shareAP2.DE Yearly Dividends per shareYearly Dividends per share 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5

5.3 Sustainability

  • 19.78% of the earnings are spent on dividend by AP2. This is a low number and sustainable payout ratio.
  • AP2's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP19.78%
EPS Next 2Y14.15%
EPS Next 3Y12.65%
AP2.DE Yearly Income VS Free CF VS DividendAP2.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B
AP2.DE Dividend Payout.AP2.DE Dividend Payout, showing the Payout Ratio.AP2.DE Dividend Payout.PayoutRetained Earnings

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AP2.DE Fundamentals: All Metrics, Ratios and Statistics

APPLIED MATERIALS INC

FRA:AP2 (3/5/2026, 7:00:00 PM)

300.25

-8.25 (-2.67%)

Chartmill FA Rating
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)02-12
Earnings (Next)05-14
Inst Owners85.06%
Inst Owner ChangeN/A
Ins Owners0.27%
Ins Owner ChangeN/A
Market Cap238.31B
Revenue(TTM)28.21B
Net Income(TTM)7.00B
Analysts80
Price Target350.33 (16.68%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.49%
Yearly Dividend1.45
Dividend Growth(5Y)14.79%
DP19.78%
Div Incr Years6
Div Non Decr Years6
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)2.33%
Min EPS beat(2)1.63%
Max EPS beat(2)3.04%
EPS beat(4)4
Avg EPS beat(4)2.02%
Min EPS beat(4)1.29%
Max EPS beat(4)3.04%
EPS beat(8)8
Avg EPS beat(8)3.4%
EPS beat(12)12
Avg EPS beat(12)3.99%
EPS beat(16)14
Avg EPS beat(16)4.03%
Revenue beat(2)1
Avg Revenue beat(2)-0.43%
Min Revenue beat(2)-0.88%
Max Revenue beat(2)0.03%
Revenue beat(4)1
Avg Revenue beat(4)-1.2%
Min Revenue beat(4)-2.34%
Max Revenue beat(4)0.03%
Revenue beat(8)2
Avg Revenue beat(8)-0.59%
Revenue beat(12)5
Avg Revenue beat(12)-0.05%
Revenue beat(16)7
Avg Revenue beat(16)-0.02%
PT rev (1m)45.41%
PT rev (3m)72.01%
EPS NQ rev (1m)0.05%
EPS NQ rev (3m)-0.14%
EPS NY rev (1m)0.67%
EPS NY rev (3m)1.69%
Revenue NQ rev (1m)-0.01%
Revenue NQ rev (3m)-0.16%
Revenue NY rev (1m)6.73%
Revenue NY rev (3m)6.72%
Valuation
Industry RankSector Rank
PE 37.02
Fwd PE 28.42
P/S 9.76
P/FCF 48.59
P/OCF 34.79
P/B 13.56
P/tB 16.8
EV/EBITDA 30.7
EPS(TTM)8.11
EY2.7%
EPS(NY)10.57
Fwd EY3.52%
FCF(TTM)6.18
FCFY2.06%
OCF(TTM)8.63
OCFY2.87%
SpS30.76
BVpS22.14
TBVpS17.87
PEG (NY)8.8
PEG (5Y)2.1
Graham Number63.56
Profitability
Industry RankSector Rank
ROA 19.28%
ROE 34.28%
ROCE 29.93%
ROIC 24.38%
ROICexc 34.93%
ROICexgc 43.57%
OM 29.86%
PM (TTM) 24.67%
GM 48.67%
FCFM 20.09%
ROA(3y)20.82%
ROA(5y)21.93%
ROE(3y)38%
ROE(5y)43.11%
ROIC(3y)25.04%
ROIC(5y)27.65%
ROICexc(3y)36.63%
ROICexc(5y)37.97%
ROICexgc(3y)47.26%
ROICexgc(5y)49.64%
ROCE(3y)31.01%
ROCE(5y)34.04%
ROICexgc growth 3Y-4.49%
ROICexgc growth 5Y0.83%
ROICexc growth 3Y-2.74%
ROICexc growth 5Y3.53%
OM growth 3Y-0.37%
OM growth 5Y3.31%
PM growth 3Y-0.85%
PM growth 5Y3.24%
GM growth 3Y1.53%
GM growth 5Y1.71%
F-Score6
Asset Turnover0.78
Health
Industry RankSector Rank
Debt/Equity 0.32
Debt/FCF 1.15
Debt/EBITDA 0.74
Cap/Depr 519.54%
Cap/Sales 7.97%
Interest Coverage 35.44
Cash Conversion 89.37%
Profit Quality 81.42%
Current Ratio 2.61
Quick Ratio 1.9
Altman-Z 14.57
F-Score6
WACC11.07%
ROIC/WACC2.2
Cap/Depr(3y)345.96%
Cap/Depr(5y)276.93%
Cap/Sales(3y)5.51%
Cap/Sales(5y)4.49%
Profit Quality(3y)98.84%
Profit Quality(5y)89.65%
High Growth Momentum
Growth
EPS 1Y (TTM)5.72%
EPS 3Y6.91%
EPS 5Y17.65%
EPS Q2Q%0%
EPS Next Y4.21%
EPS Next 2Y14.15%
EPS Next 3Y12.65%
EPS Next 5Y11.04%
Revenue 1Y (TTM)2.1%
Revenue growth 3Y3.23%
Revenue growth 5Y10.52%
Sales Q2Q%-2.15%
Revenue Next Year9.29%
Revenue Next 2Y14.12%
Revenue Next 3Y12.13%
Revenue Next 5Y6.57%
EBIT growth 1Y7.66%
EBIT growth 3Y2.86%
EBIT growth 5Y14.18%
EBIT Next Year17.76%
EBIT Next 3Y19.27%
EBIT Next 5Y10.57%
FCF growth 1Y-23.89%
FCF growth 3Y7.3%
FCF growth 5Y11%
OCF growth 1Y-8.29%
OCF growth 3Y13.81%
OCF growth 5Y15.91%

APPLIED MATERIALS INC / AP2.DE FAQ

What is the ChartMill fundamental rating of APPLIED MATERIALS INC (AP2.DE) stock?

ChartMill assigns a fundamental rating of 6 / 10 to AP2.DE.


What is the valuation status of APPLIED MATERIALS INC (AP2.DE) stock?

ChartMill assigns a valuation rating of 3 / 10 to APPLIED MATERIALS INC (AP2.DE). This can be considered as Overvalued.


What is the profitability of AP2 stock?

APPLIED MATERIALS INC (AP2.DE) has a profitability rating of 8 / 10.


What are the PE and PB ratios of APPLIED MATERIALS INC (AP2.DE) stock?

The Price/Earnings (PE) ratio for APPLIED MATERIALS INC (AP2.DE) is 37.02 and the Price/Book (PB) ratio is 13.56.


How sustainable is the dividend of APPLIED MATERIALS INC (AP2.DE) stock?

The dividend rating of APPLIED MATERIALS INC (AP2.DE) is 3 / 10 and the dividend payout ratio is 19.78%.