ASML HOLDING NV (ASME.DE) Stock Fundamental Analysis
FRA:ASME - Deutsche Boerse Ag - NL0010273215 - Common Stock - Currency: EUR
ASME gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 55 industry peers in the Semiconductors & Semiconductor Equipment industry. ASME gets an excellent profitability rating and is at the same time showing great financial health properties. ASME is not priced too expensively while it is growing strongly. Keep and eye on this one! These ratings would make ASME suitable for growth and quality investing!
1. Profitability
1.1 Basic Checks
In the past year ASME was profitable.
ASME had a positive operating cash flow in the past year.
ASME had positive earnings in each of the past 5 years.
In the past 5 years ASME always reported a positive cash flow from operatings.
1.2 Ratios
ASME has a Return On Assets of 15.58%. This is in the better half of the industry: ASME outperforms 80.00% of its industry peers.
ASME's Return On Equity of 40.98% is amongst the best of the industry. ASME outperforms 89.09% of its industry peers.
Looking at the Return On Invested Capital, with a value of 25.98%, ASME belongs to the top of the industry, outperforming 87.27% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for ASME is significantly above the industry average of 15.29%.
| 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
Looking at the Profit Margin, with a value of 26.79%, ASME belongs to the top of the industry, outperforming 81.82% of the companies in the same industry.
ASME's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 31.92%, ASME is in the better half of the industry, outperforming 78.18% of the companies in the same industry.
ASME's Operating Margin has improved in the last couple of years.
With a decent Gross Margin value of 51.28%, ASME is doing good in the industry, outperforming 67.27% of the companies in the same industry.
ASME's Gross Margin has improved in the last couple of years.
| 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), ASME is creating value.
The number of shares outstanding for ASME remains at a similar level compared to 1 year ago.
The number of shares outstanding for ASME has been reduced compared to 5 years ago.
The debt/assets ratio for ASME has been reduced compared to a year ago.
2.2 Solvency
ASME has an Altman-Z score of 7.02. This indicates that ASME is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of ASME (7.02) is better than 65.45% of its industry peers.
The Debt to FCF ratio of ASME is 0.55, which is an excellent value as it means it would take ASME, only 0.55 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 0.55, ASME belongs to the top of the industry, outperforming 85.45% of the companies in the same industry.
ASME has a Debt/Equity ratio of 0.21. This is a healthy value indicating a solid balance between debt and equity.
ASME has a Debt to Equity ratio (0.21) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.21 | ||
| Debt/FCF | 0.55 | ||
| Altman-Z | 7.02 |
ROIC/WACC2.43
WACC10.69%
2.3 Liquidity
A Current Ratio of 1.53 indicates that ASME should not have too much problems paying its short term obligations.
ASME has a Current ratio of 1.53. This is in the lower half of the industry: ASME underperforms 78.18% of its industry peers.
A Quick Ratio of 0.99 indicates that ASME may have some problems paying its short term obligations.
ASME has a Quick ratio of 0.99. This is in the lower half of the industry: ASME underperforms 76.36% of its industry peers.
The current and quick ratio evaluation for ASME is rather negative, while it does have 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
Looking at the last year, ASME shows a small growth in Revenue. The Revenue has grown by 2.56% in the last year.
ASME shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 19.05% yearly.
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
ASME is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 19.86% yearly.
The Revenue is expected to grow by 12.02% on average over the next years. This is quite good.
EPS Next Y24.43%
EPS Next 2Y21.11%
EPS Next 3Y20.74%
EPS Next 5Y19.86%
Revenue Next Year15.08%
Revenue Next 2Y12.23%
Revenue Next 3Y12.65%
Revenue Next 5Y12.02%
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of 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
With a Price/Earnings ratio of 29.65, ASME can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Earnings ratio of ASME is on the same level as its industry peers.
When comparing the Price/Earnings ratio of ASME to the average of the S&P500 Index (26.34), we can say ASME is valued inline with the index average.
Based on the Price/Forward Earnings ratio of 23.25, the valuation of ASME can be described as rather expensive.
Compared to the rest of the industry, the Price/Forward Earnings ratio of ASME is on the same level as its industry peers.
ASME's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 22.19.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29.65 | ||
| Fwd PE | 23.25 |
4.2 Price Multiples
ASME's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. ASME is more expensive than 67.27% of the companies in the same industry.
70.91% of the companies in the same industry are more expensive than ASME, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 28.45 | ||
| EV/EBITDA | 25.22 |
4.3 Compensation for Growth
ASME's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The excellent profitability rating of ASME may justify a higher PE ratio.
ASME's earnings are expected to grow with 20.74% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.21
PEG (5Y)1.16
EPS Next 2Y21.11%
EPS Next 3Y20.74%
5. Dividend
5.1 Amount
ASME has a yearly dividend return of 0.95%, which is pretty low.
ASME's Dividend Yield is a higher than the industry average which is at 1.28.
With a Dividend Yield of 0.95, ASME pays less dividend than the S&P500 average, which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.95% |
5.2 History
The dividend of ASME is nicely growing with an annual growth rate of 14.61%!
Dividend Growth(5Y)14.61%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
32.40% of the earnings are spent on dividend by ASME. This is a low number and sustainable payout ratio.
The dividend of ASME is growing, but earnings are growing more, so the dividend growth is sustainable.
DP32.4%
EPS Next 2Y21.11%
EPS Next 3Y20.74%
FRA:ASME (6/19/2025, 7:00:00 PM)
656.2
-8.8 (-1.32%)
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 Cap258.43B
Analysts80.48
Price Target795.87 (21.28%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.95% |
Yearly Dividend6.24
Dividend Growth(5Y)14.61%
DP32.4%
Div Incr Years1
Div Non Decr Years1
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)0.47%
PT rev (3m)-8.31%
EPS NQ rev (1m)0%
EPS NQ rev (3m)14.05%
EPS NY rev (1m)0%
EPS NY rev (3m)-1.22%
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 | 29.65 | ||
| Fwd PE | 23.25 | ||
| P/S | 9.14 | ||
| P/FCF | 28.45 | ||
| P/OCF | 23.14 | ||
| P/B | 13.99 | ||
| P/tB | 19.48 | ||
| EV/EBITDA | 25.22 |
EPS(TTM)22.13
EY3.37%
EPS(NY)28.22
Fwd EY4.3%
FCF(TTM)23.06
FCFY3.51%
OCF(TTM)28.35
OCFY4.32%
SpS71.76
BVpS46.92
TBVpS33.69
PEG (NY)1.21
PEG (5Y)1.16
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 | 7.02 |
F-Score7
WACC10.69%
ROIC/WACC2.43
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 5Y19.86%
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 5Y12.02%
EBIT growth 1Y-5.14%
EBIT growth 3Y9.72%
EBIT growth 5Y27.13%
EBIT Next Year33.08%
EBIT Next 3Y21.81%
EBIT Next 5Y19.74%
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%