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ASML HOLDING NV-NY REG SHS (ASML) Stock Fundamental Analysis

USA - NASDAQ:ASML - USN070592100

963.51 USD
+5.71 (+0.6%)
Last: 9/23/2025, 10:01:27 PM
966 USD
+2.49 (+0.26%)
After Hours: 9/23/2025, 10:01:27 PM
Fundamental Rating

7

Overall ASML gets a fundamental rating of 7 out of 10. We evaluated ASML against 112 industry peers in the Semiconductors & Semiconductor Equipment industry. ASML gets an excellent profitability rating and is at the same time showing great financial health properties. ASML is showing excellent growth while it is valued at reasonable prices. Keep and eye on this one! These ratings would make ASML suitable for growth and quality investing!


Dividend Valuation Growth Profitability Health

9

1. Profitability

1.1 Basic Checks

ASML had positive earnings in the past year.
ASML had a positive operating cash flow in the past year.
ASML had positive earnings in each of the past 5 years.
ASML had a positive operating cash flow in each of the past 5 years.
ASML Yearly Net Income VS EBIT VS OCF VS FCFASML Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B

1.2 Ratios

ASML has a better Return On Assets (19.14%) than 91.07% of its industry peers.
The Return On Equity of ASML (43.78%) is better than 94.64% of its industry peers.
Looking at the Return On Invested Capital, with a value of 30.33%, ASML belongs to the top of the industry, outperforming 97.32% of the companies in the same industry.
ASML had an Average Return On Invested Capital over the past 3 years of 27.63%. This is significantly above the industry average of 10.87%.
The last Return On Invested Capital (30.33%) for ASML is above the 3 year average (27.63%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 19.14%
ROE 43.78%
ROIC 30.33%
ROA(3y)16.75%
ROA(5y)16.43%
ROE(3y)48.67%
ROE(5y)44.39%
ROIC(3y)27.63%
ROIC(5y)25.44%
ASML Yearly ROA, ROE, ROICASML Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40 50

1.3 Margins

With an excellent Profit Margin value of 29.31%, ASML belongs to the best of the industry, outperforming 91.07% of the companies in the same industry.
In the last couple of years the Profit Margin of ASML has grown nicely.
With an excellent Operating Margin value of 34.90%, ASML belongs to the best of the industry, outperforming 93.75% of the companies in the same industry.
In the last couple of years the Operating Margin of ASML has grown nicely.
ASML's Gross Margin of 52.58% is fine compared to the rest of the industry. ASML outperforms 69.64% of its industry peers.
In the last couple of years the Gross Margin of ASML has grown nicely.
Industry RankSector Rank
OM 34.9%
PM (TTM) 29.31%
GM 52.58%
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%
ASML Yearly Profit, Operating, Gross MarginsASML Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40 50

7

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so ASML is creating value.
ASML has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for ASML has been reduced compared to 5 years ago.
The debt/assets ratio for ASML has been reduced compared to a year ago.
ASML Yearly Shares OutstandingASML Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M
ASML Yearly Total Debt VS Total AssetsASML Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B 40B

2.2 Solvency

ASML has an Altman-Z score of 9.13. 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 9.13, ASML is in the better half of the industry, outperforming 70.54% of the companies in the same industry.
ASML has a debt to FCF ratio of 0.51. This is a very positive value and a sign of high solvency as it would only need 0.51 years to pay back of all of its debts.
The Debt to FCF ratio of ASML (0.51) is better than 80.36% of its industry peers.
A Debt/Equity ratio of 0.17 indicates that ASML is not too dependend on debt financing.
ASML has a Debt to Equity ratio (0.17) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.17
Debt/FCF 0.51
Altman-Z 9.13
ROIC/WACC2.98
WACC10.16%
ASML Yearly LT Debt VS Equity VS FCFASML Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B

2.3 Liquidity

A Current Ratio of 1.41 indicates that ASML should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.41, ASML is doing worse than 85.71% of the companies in the same industry.
A Quick Ratio of 0.79 indicates that ASML may have some problems paying its short term obligations.
With a Quick ratio value of 0.79, ASML is not doing good in the industry: 91.96% of the companies in the same industry are doing better.
ASML 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 RankSector Rank
Current Ratio 1.41
Quick Ratio 0.79
ASML Yearly Current Assets VS Current LiabilitesASML Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B

8

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 40.22% over the past year.
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 grown by 26.41% in the past year. This is a very strong growth!
ASML shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 19.05% yearly.
EPS 1Y (TTM)40.22%
EPS 3Y10.24%
EPS 5Y25.62%
EPS Q2Q%47.13%
Revenue 1Y (TTM)26.41%
Revenue growth 3Y14.94%
Revenue growth 5Y19.05%
Sales Q2Q%23.21%

3.2 Future

Based on estimates for the next years, ASML will show a quite strong growth in Earnings Per Share. The EPS will grow by 17.24% on average per year.
ASML is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 11.02% yearly.
EPS Next Y25.9%
EPS Next 2Y15.57%
EPS Next 3Y17.44%
EPS Next 5Y17.24%
Revenue Next Year15.84%
Revenue Next 2Y9.3%
Revenue Next 3Y10.51%
Revenue Next 5Y11.02%

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.
The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
ASML Yearly Revenue VS EstimatesASML Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 20B 40B 60B
ASML Yearly EPS VS EstimatesASML Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 20 40 60

4

4. Valuation

4.1 Price/Earnings Ratio

ASML is valuated quite expensively with a Price/Earnings ratio of 34.05.
Based on the Price/Earnings ratio, ASML is valued a bit cheaper than the industry average as 64.29% of the companies are valued more expensively.
ASML's Price/Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 27.41.
Based on the Price/Forward Earnings ratio of 31.83, the valuation of ASML can be described as expensive.
ASML's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 22.87. ASML is valued slightly more expensive when compared to this.
Industry RankSector Rank
PE 34.05
Fwd PE 31.83
ASML Price Earnings VS Forward Price EarningsASML Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

ASML's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. ASML is cheaper than 67.86% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of ASML indicates a somewhat cheap valuation: ASML is cheaper than 74.11% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 34.94
EV/EBITDA 26.08
ASML Per share dataASML EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80

4.3 Compensation for Growth

ASML's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
ASML has an outstanding profitability rating, which may justify a higher PE ratio.
ASML's earnings are expected to grow with 17.44% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.31
PEG (5Y)1.33
EPS Next 2Y15.57%
EPS Next 3Y17.44%

5

5. Dividend

5.1 Amount

ASML has a yearly dividend return of 0.82%, which is pretty low.
ASML's Dividend Yield is rather good when compared to the industry average which is at 2.23. ASML pays more dividend than 80.36% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.38, ASML's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.82%

5.2 History

The dividend of ASML is nicely growing with an annual growth rate of 14.61%!
ASML has paid a dividend for at least 10 years, which is a reliable track record.
ASML has decreased its dividend recently.
Dividend Growth(5Y)14.61%
Div Incr Years1
Div Non Decr Years1
ASML Yearly Dividends per shareASML Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6

5.3 Sustainability

26.57% of the earnings are spent on dividend by ASML. This is a low number and sustainable payout ratio.
The dividend of ASML is growing around the same rate as the earnings are growing. If this keeps up the dividend growth is sustainable.
DP26.57%
EPS Next 2Y15.57%
EPS Next 3Y17.44%
ASML Yearly Income VS Free CF VS DividendASML Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B
ASML Dividend Payout.ASML Dividend Payout, showing the Payout Ratio.ASML Dividend Payout.PayoutRetained Earnings

ASML HOLDING NV-NY REG SHS

NASDAQ:ASML (9/23/2025, 10:01:27 PM)

After market: 966 +2.49 (+0.26%)

963.51

+5.71 (+0.6%)

Chartmill FA Rating
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)07-16 2025-07-16/bmo
Earnings (Next)10-15 2025-10-15/amc
Inst Owners50.81%
Inst Owner Change-14.63%
Ins Owners0.02%
Ins Owner ChangeN/A
Market Cap379.46B
Analysts75.61
Price Target884.91 (-8.16%)
Short Float %0.7%
Short Ratio1.45
Dividend
Industry RankSector Rank
Dividend Yield 0.82%
Yearly Dividend7.32
Dividend Growth(5Y)14.61%
DP26.57%
Div Incr Years1
Div Non Decr Years1
Ex-Date07-29 2025-07-29 (1.846784)
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)-0.08%
PT rev (3m)-1.8%
EPS NQ rev (1m)-0.29%
EPS NQ rev (3m)-8.37%
EPS NY rev (1m)0%
EPS NY rev (3m)1.18%
Revenue NQ rev (1m)-0.31%
Revenue NQ rev (3m)-5.93%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.66%
Valuation
Industry RankSector Rank
PE 34.05
Fwd PE 31.83
P/S 10.01
P/FCF 34.94
P/OCF 28.78
P/B 14.96
P/tB 27.35
EV/EBITDA 26.08
EPS(TTM)28.3
EY2.94%
EPS(NY)30.27
Fwd EY3.14%
FCF(TTM)27.58
FCFY2.86%
OCF(TTM)33.48
OCFY3.48%
SpS96.21
BVpS64.41
TBVpS35.23
PEG (NY)1.31
PEG (5Y)1.33
Profitability
Industry RankSector Rank
ROA 19.14%
ROE 43.78%
ROCE 36.63%
ROIC 30.33%
ROICexc 39.72%
ROICexgc 68.12%
OM 34.9%
PM (TTM) 29.31%
GM 52.58%
FCFM 28.66%
ROA(3y)16.75%
ROA(5y)16.43%
ROE(3y)48.67%
ROE(5y)44.39%
ROIC(3y)27.63%
ROIC(5y)25.44%
ROICexc(3y)43.14%
ROICexc(5y)39.83%
ROICexgc(3y)80.76%
ROICexgc(5y)81.19%
ROCE(3y)33.37%
ROCE(5y)30.72%
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-Score8
Asset Turnover0.65
Health
Industry RankSector Rank
Debt/Equity 0.17
Debt/FCF 0.51
Debt/EBITDA 0.3
Cap/Depr 206.83%
Cap/Sales 6.14%
Interest Coverage 79.5
Cash Conversion 91.9%
Profit Quality 97.79%
Current Ratio 1.41
Quick Ratio 0.79
Altman-Z 9.13
F-Score8
WACC10.16%
ROIC/WACC2.98
Cap/Depr(3y)258.74%
Cap/Depr(5y)228.24%
Cap/Sales(3y)8.6%
Cap/Sales(5y)9.22%
Profit Quality(3y)91.44%
Profit Quality(5y)107.3%
High Growth Momentum
Growth
EPS 1Y (TTM)40.22%
EPS 3Y10.24%
EPS 5Y25.62%
EPS Q2Q%47.13%
EPS Next Y25.9%
EPS Next 2Y15.57%
EPS Next 3Y17.44%
EPS Next 5Y17.24%
Revenue 1Y (TTM)26.41%
Revenue growth 3Y14.94%
Revenue growth 5Y19.05%
Sales Q2Q%23.21%
Revenue Next Year15.84%
Revenue Next 2Y9.3%
Revenue Next 3Y10.51%
Revenue Next 5Y11.02%
EBIT growth 1Y37.16%
EBIT growth 3Y9.72%
EBIT growth 5Y27.13%
EBIT Next Year33.08%
EBIT Next 3Y21.81%
EBIT Next 5Y17.22%
FCF growth 1Y57.21%
FCF growth 3Y-3.05%
FCF growth 5Y29.82%
OCF growth 1Y29.28%
OCF growth 3Y-1.24%
OCF growth 5Y25.03%