ASML HOLDING NV (ASML.AS) Stock Fundamental Analysis
Europe - Euronext Amsterdam - AMS:ASML - NL0010273215 - Common Stock
986.3 EUR
+64.9 (+7.04%)
Overall ASML gets a fundamental rating of 7 out of 10. We evaluated ASML against 57 industry peers in the Semiconductors & Semiconductor Equipment industry. ASML scores excellent points on both the profitability and health parts. This is a solid base for a good stock. ASML is valued quite expensively, but it does show have an excellent growth rating. With these ratings, ASML could be worth investigating further for growth and quality investing!.
1. Profitability
1.1 Basic Checks
ASML had positive earnings in the past year.
In the past year ASML had a positive cash flow from operations.
Each year in the past 5 years ASML has been profitable.
In the past 5 years ASML always reported a positive cash flow from operatings.
1.2 Ratios
With an excellent Return On Assets value of 20.71%, ASML belongs to the best of the industry, outperforming 91.23% of the companies in the same industry.
ASML has a better Return On Equity (47.39%) than 91.23% of its industry peers.
ASML has a Return On Invested Capital of 32.62%. This is amongst the best in the industry. ASML outperforms 92.98% of its industry peers.
The Average Return On Invested Capital over the past 3 years for ASML is significantly above the industry average of 14.06%.
The 3 year average ROIC (27.67%) for ASML is below the current ROIC(32.62%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 20.71% | ||
| ROE | 47.39% | ||
| ROIC | 32.62% |
ROA(3y)17.06%
ROA(5y)16.62%
ROE(3y)48.22%
ROE(5y)44.12%
ROIC(3y)27.67%
ROIC(5y)25.41%
1.3 Margins
The Profit Margin of ASML (31.73%) is better than 87.72% of its industry peers.
ASML's Profit Margin has improved in the last couple of years.
ASML has a better Operating Margin (37.74%) than 87.72% of its industry peers.
In the last couple of years the Operating Margin of ASML has grown nicely.
Looking at the Gross Margin, with a value of 51.93%, ASML is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
ASML's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 37.74% | ||
| PM (TTM) | 31.73% | ||
| GM | 51.93% |
OM growth 3Y-1.42%
OM growth 5Y8.87%
PM growth 3Y-3.59%
PM growth 5Y6.23%
GM growth 3Y-0.04%
GM growth 5Y4.04%
2. Health
2.1 Basic Checks
ASML has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
Compared to 1 year ago, ASML has about the same amount of shares outstanding.
Compared to 5 years ago, ASML has less shares outstanding
Compared to 1 year ago, ASML has an improved debt to assets ratio.
2.2 Solvency
ASML has an Altman-Z score of 10.00. This indicates that ASML is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 10.00, ASML is in the better half of the industry, outperforming 71.93% of the companies in the same industry.
The Debt to FCF ratio of ASML is 0.51, which is an excellent value as it means it would take ASML, only 0.51 years of fcf income to pay off all of its debts.
ASML has a better Debt to FCF ratio (0.51) than 84.21% of its industry peers.
ASML has a Debt/Equity ratio of 0.17. This is a healthy value indicating a solid balance between debt and equity.
With a Debt to Equity ratio value of 0.17, ASML perfoms like the industry average, outperforming 59.65% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.17 | ||
| Debt/FCF | 0.51 | ||
| Altman-Z | 10 |
ROIC/WACC3.07
WACC10.61%
2.3 Liquidity
A Current Ratio of 1.41 indicates that ASML should not have too much problems paying its short term obligations.
ASML has a worse Current ratio (1.41) than 89.47% of its industry peers.
A Quick Ratio of 0.79 indicates that ASML may have some problems paying its short term obligations.
The Quick ratio of ASML (0.79) is worse than 87.72% of its industry peers.
The current and quick ratio evaluation for ASML 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 | 1.41 | ||
| Quick Ratio | 0.79 |
3. Growth
3.1 Past
ASML shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 37.61%, which is quite impressive.
Measured over the past years, ASML shows a very strong growth in Earnings Per Share. The EPS has been growing by 25.62% on average per year.
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)37.61%
EPS 3Y10.24%
EPS 5Y25.62%
EPS Q2Q%3.79%
Revenue 1Y (TTM)2.56%
Revenue growth 3Y14.94%
Revenue growth 5Y19.05%
Sales Q2Q%0.65%
3.2 Future
ASML is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 18.67% yearly.
ASML is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 11.58% yearly.
EPS Next Y31.25%
EPS Next 2Y17.48%
EPS Next 3Y19.72%
EPS Next 5Y18.67%
Revenue Next Year16.7%
Revenue Next 2Y10.56%
Revenue Next 3Y12.02%
Revenue Next 5Y11.58%
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.
The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 40.72, the valuation of ASML can be described as expensive.
ASML's Price/Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Earnings ratio of 26.60, ASML is valued quite expensively.
With a Price/Forward Earnings ratio of 37.14, ASML can be considered very expensive at the moment.
Based on the Price/Forward Earnings ratio, ASML is valued a bit more expensive than the industry average as 71.93% of the companies are valued more cheaply.
The average S&P500 Price/Forward Earnings ratio is at 23.23. ASML is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 40.72 | ||
| Fwd PE | 37.14 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ASML is on the same level as its industry peers.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of ASML indicates a somewhat cheap valuation: ASML is cheaper than 73.68% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 41.17 | ||
| EV/EBITDA | 26.55 |
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 ASML may justify a higher PE ratio.
A more expensive valuation may be justified as ASML's earnings are expected to grow with 19.72% in the coming years.
PEG (NY)1.3
PEG (5Y)1.59
EPS Next 2Y17.48%
EPS Next 3Y19.72%
5. Dividend
5.1 Amount
ASML has a yearly dividend return of 0.71%, which is pretty low.
ASML's Dividend Yield is comparable with the industry average which is at 0.80.
With a Dividend Yield of 0.71, ASML pays less dividend than the S&P500 average, which is at 1.93.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.71% |
5.2 History
The dividend of ASML 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
24.55% of the earnings are spent on dividend by ASML. This is a low number and sustainable payout ratio.
ASML's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP24.55%
EPS Next 2Y17.48%
EPS Next 3Y19.72%
AMS:ASML (1/2/2026, 7:00:00 PM)
986.3
+64.9 (+7.04%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners44.3%
Inst Owner ChangeN/A
Ins Owners0.01%
Ins Owner ChangeN/A
Market Cap382.83B
Revenue(TTM)28.26B
Net Income(TTM)10.20B
Analysts77.56
Price Target996.39 (1.02%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.71% |
Yearly Dividend6.24
Dividend Growth(5Y)14.61%
DP24.55%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)6.54%
Min EPS beat(2)1.85%
Max EPS beat(2)11.23%
EPS beat(4)3
Avg EPS beat(4)5.03%
Min EPS beat(4)-0.46%
Max EPS beat(4)11.23%
EPS beat(8)7
Avg EPS beat(8)5.91%
EPS beat(12)11
Avg EPS beat(12)7.64%
EPS beat(16)15
Avg EPS beat(16)7.77%
Revenue beat(2)1
Avg Revenue beat(2)-1.38%
Min Revenue beat(2)-3.04%
Max Revenue beat(2)0.27%
Revenue beat(4)3
Avg Revenue beat(4)-0.06%
Min Revenue beat(4)-3.04%
Max Revenue beat(4)2.45%
Revenue beat(8)5
Avg Revenue beat(8)-0.26%
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)5.11%
PT rev (3m)31.27%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0.17%
EPS NY rev (1m)0.92%
EPS NY rev (3m)4.08%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.5%
Revenue NY rev (1m)-0.07%
Revenue NY rev (3m)0.74%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 40.72 | ||
| Fwd PE | 37.14 | ||
| P/S | 11.9 | ||
| P/FCF | 41.17 | ||
| P/OCF | 30.88 | ||
| P/B | 17.78 | ||
| P/tB | 32.5 | ||
| EV/EBITDA | 26.55 |
EPS(TTM)24.22
EY2.46%
EPS(NY)26.56
Fwd EY2.69%
FCF(TTM)23.96
FCFY2.43%
OCF(TTM)31.94
OCFY3.24%
SpS82.86
BVpS55.47
TBVpS30.34
PEG (NY)1.3
PEG (5Y)1.59
Graham Number173.87
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 20.71% | ||
| ROE | 47.39% | ||
| ROCE | 39.61% | ||
| ROIC | 32.62% | ||
| ROICexc | 42.72% | ||
| ROICexgc | 73.26% | ||
| OM | 37.74% | ||
| PM (TTM) | 31.73% | ||
| GM | 51.93% | ||
| FCFM | 28.91% |
ROA(3y)17.06%
ROA(5y)16.62%
ROE(3y)48.22%
ROE(5y)44.12%
ROIC(3y)27.67%
ROIC(5y)25.41%
ROICexc(3y)41.66%
ROICexc(5y)38.87%
ROICexgc(3y)84.2%
ROICexgc(5y)83.08%
ROCE(3y)33.6%
ROCE(5y)30.86%
ROICexgc growth 3Y-12.45%
ROICexgc growth 5Y21.45%
ROICexc growth 3Y-3.42%
ROICexc growth 5Y22.02%
OM growth 3Y-1.42%
OM growth 5Y8.87%
PM growth 3Y-3.59%
PM growth 5Y6.23%
GM growth 3Y-0.04%
GM growth 5Y4.04%
F-Score8
Asset Turnover0.65
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.17 | ||
| Debt/FCF | 0.51 | ||
| Debt/EBITDA | 0.28 | ||
| Cap/Depr | 250.54% | ||
| Cap/Sales | 9.63% | ||
| Interest Coverage | 85.97 | ||
| Cash Conversion | 92.68% | ||
| Profit Quality | 91.13% | ||
| Current Ratio | 1.41 | ||
| Quick Ratio | 0.79 | ||
| Altman-Z | 10 |
F-Score8
WACC10.61%
ROIC/WACC3.07
Cap/Depr(3y)273.2%
Cap/Depr(5y)236.91%
Cap/Sales(3y)11.06%
Cap/Sales(5y)10.7%
Profit Quality(3y)88.17%
Profit Quality(5y)105.34%
High Growth Momentum
Growth
EPS 1Y (TTM)37.61%
EPS 3Y10.24%
EPS 5Y25.62%
EPS Q2Q%3.79%
EPS Next Y31.25%
EPS Next 2Y17.48%
EPS Next 3Y19.72%
EPS Next 5Y18.67%
Revenue 1Y (TTM)2.56%
Revenue growth 3Y14.94%
Revenue growth 5Y19.05%
Sales Q2Q%0.65%
Revenue Next Year16.7%
Revenue Next 2Y10.56%
Revenue Next 3Y12.02%
Revenue Next 5Y11.58%
EBIT growth 1Y40.28%
EBIT growth 3Y13.31%
EBIT growth 5Y29.61%
EBIT Next Year39.88%
EBIT Next 3Y21.29%
EBIT Next 5Y17.86%
FCF growth 1Y58.59%
FCF growth 3Y-2.76%
FCF growth 5Y30.05%
OCF growth 1Y43.18%
OCF growth 3Y2.19%
OCF growth 5Y27.61%
ASML HOLDING NV / ASML.AS FAQ
Can you provide the ChartMill fundamental rating for ASML HOLDING NV?
ChartMill assigns a fundamental rating of 7 / 10 to ASML.AS.
Can you provide the valuation status for ASML HOLDING NV?
ChartMill assigns a valuation rating of 3 / 10 to ASML HOLDING NV (ASML.AS). This can be considered as Overvalued.
How profitable is ASML HOLDING NV (ASML.AS) stock?
ASML HOLDING NV (ASML.AS) has a profitability rating of 9 / 10.
What is the valuation of ASML HOLDING NV based on its PE and PB ratios?
The Price/Earnings (PE) ratio for ASML HOLDING NV (ASML.AS) is 40.72 and the Price/Book (PB) ratio is 17.78.
What is the earnings growth outlook for ASML HOLDING NV?
The Earnings per Share (EPS) of ASML HOLDING NV (ASML.AS) is expected to grow by 31.25% in the next year.