ASML HOLDING NV (ASME.DE) Stock Fundamental Analysis
FRA:ASME - Deutsche Boerse Ag - NL0010273215 - Common Stock - Currency: EUR
Overall ASME gets a fundamental rating of 7 out of 10. We evaluated ASME against 51 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! This makes ASME very considerable for growth and quality investing!
1. Profitability
1.1 Basic Checks
ASME had positive earnings in the past year.
In the past year ASME had a positive cash flow from operations.
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
Looking at the Return On Assets, with a value of 15.58%, ASME belongs to the top of the industry, outperforming 82.35% of the companies in the same industry.
The Return On Equity of ASME (40.98%) is better than 94.12% 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 94.12% of the companies in the same industry.
ASME had an Average Return On Invested Capital over the past 3 years of 27.90%. This is significantly above the industry average of 15.59%.
| 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 84.31% of the companies in the same industry.
ASME's Profit Margin has improved in the last couple of years.
ASME has a better Operating Margin (31.92%) than 80.39% of its industry peers.
In the last couple of years the Operating Margin of ASME has grown nicely.
ASME has a Gross Margin of 51.28%. This is in the better half of the industry: ASME outperforms 72.55% of its industry peers.
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
ASME has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
ASME has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for ASME has been reduced compared to 5 years ago.
Compared to 1 year ago, ASME has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 7.06 indicates that ASME is not in any danger for bankruptcy at the moment.
With a decent Altman-Z score value of 7.06, ASME is doing good in the industry, outperforming 62.75% of the companies in the same industry.
ASME 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.
ASME's Debt to FCF ratio of 0.55 is amongst the best of the industry. ASME outperforms 90.20% of its industry peers.
ASME has a Debt/Equity ratio of 0.21. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.21, ASME is in the better half of the industry, outperforming 60.78% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.21 | ||
| Debt/FCF | 0.55 | ||
| Altman-Z | 7.06 |
ROIC/WACC2.52
WACC10.32%
2.3 Liquidity
ASME has a Current Ratio of 1.53. This is a normal value and indicates that ASME is financially healthy and should not expect problems in meeting its short term obligations.
ASME's Current ratio of 1.53 is on the low side compared to the rest of the industry. ASME is outperformed by 72.55% of its industry peers.
A Quick Ratio of 0.99 indicates that ASME may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.99, ASME is doing worse than 72.55% of the companies in the same industry.
ASME 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
ASME shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 22.60%, which is quite impressive.
The Earnings Per Share has been growing by 25.62% on average over the past years. This is a very strong growth
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
ASME is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 17.78% yearly.
Based on estimates for the next years, ASME will show a quite strong growth in Revenue. The Revenue will grow by 11.34% on average per year.
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
A Price/Earnings ratio of 29.87 indicates a quite expensive valuation of ASME.
ASME's Price/Earnings is on the same level as the industry average.
When comparing the Price/Earnings ratio of ASME to the average of the S&P500 Index (26.19), we can say ASME is valued inline with the index average.
ASME is valuated rather expensively with a Price/Forward Earnings ratio of 23.43.
ASME's Price/Forward Earnings is on the same level as the industry average.
ASME's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 22.13.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29.87 | ||
| Fwd PE | 23.43 |
4.2 Price Multiples
64.71% of the companies in the same industry are cheaper than ASME, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of ASME indicates a somewhat cheap valuation: ASME is cheaper than 74.51% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 28.66 | ||
| EV/EBITDA | 25.41 |
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.
A more expensive valuation may be justified as ASME's earnings are expected to grow with 20.74% in the coming years.
PEG (NY)1.22
PEG (5Y)1.17
EPS Next 2Y21.11%
EPS Next 3Y20.74%
5. Dividend
5.1 Amount
ASME has a yearly dividend return of 0.96%, which is pretty low.
Compared to an average industry Dividend Yield of 1.40, ASME pays a bit more dividend than its industry peers.
With a Dividend Yield of 0.96, ASME pays less dividend than the S&P500 average, which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.96% |
5.2 History
On average, the dividend of ASME grows each year by 14.61%, which is quite nice.
Dividend Growth(5Y)14.61%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
ASME pays out 32.40% of its income as dividend. This is a sustainable payout ratio.
ASME's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP32.4%
EPS Next 2Y21.11%
EPS Next 3Y20.74%
FRA:ASME (5/28/2025, 7:00:00 PM)
661.1
-5.5 (-0.83%)
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 Cap260.36B
Analysts80
Price Target792.16 (19.82%)
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 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)-9.03%
PT rev (3m)-9.05%
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 | 29.87 | ||
| Fwd PE | 23.43 | ||
| P/S | 9.21 | ||
| P/FCF | 28.66 | ||
| P/OCF | 23.32 | ||
| P/B | 14.09 | ||
| P/tB | 19.62 | ||
| EV/EBITDA | 25.41 |
EPS(TTM)22.13
EY3.35%
EPS(NY)28.22
Fwd EY4.27%
FCF(TTM)23.06
FCFY3.49%
OCF(TTM)28.35
OCFY4.29%
SpS71.76
BVpS46.92
TBVpS33.69
PEG (NY)1.22
PEG (5Y)1.17
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 | 7.06 |
F-Score7
WACC10.32%
ROIC/WACC2.52
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%