1069.86 USD
-2.28 (-0.21%)
1070.65 USD
+0.79 (+0.07%)
Overall ASML gets a fundamental rating of 7 out of 10. We evaluated ASML against 113 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 growing strongly while it is still valued neutral. This is a good combination! These ratings would make ASML suitable for growth and quality investing!
1. Profitability
1.1 Basic Checks
In the past year ASML was profitable.
ASML had a positive operating cash flow in the past year.
Each year in the past 5 years ASML has been profitable.
ASML had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 20.71%, ASML belongs to the top of the industry, outperforming 93.81% of the companies in the same industry.
With an excellent Return On Equity value of 47.39%, ASML belongs to the best of the industry, outperforming 94.69% of the companies in the same industry.
ASML has a Return On Invested Capital of 32.62%. This is amongst the best in the industry. ASML outperforms 97.35% of its industry peers.
The Average Return On Invested Capital over the past 3 years for ASML is significantly above the industry average of 10.75%.
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
ASML's Profit Margin of 31.73% is amongst the best of the industry. ASML outperforms 90.27% of its industry peers.
ASML's Profit Margin has improved in the last couple of years.
ASML's Operating Margin of 37.74% is amongst the best of the industry. ASML outperforms 95.58% of its industry peers.
In the last couple of years the Operating Margin of ASML has grown nicely.
The Gross Margin of ASML (51.93%) is better than 66.37% of its industry peers.
In the last couple of years the Gross Margin of ASML has grown nicely.
| 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
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), ASML is creating value.
The number of shares outstanding for ASML remains at a similar level compared to 1 year ago.
Compared to 5 years ago, ASML has less shares outstanding
ASML has a better debt/assets ratio than last year.
2.2 Solvency
ASML has an Altman-Z score of 9.91. This indicates that ASML is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of ASML (9.91) is better than 72.57% of its industry peers.
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.
Looking at the Debt to FCF ratio, with a value of 0.51, ASML belongs to the top of the industry, outperforming 80.53% of the companies in the same industry.
ASML has a Debt/Equity ratio of 0.17. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of ASML (0.17) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.17 | ||
| Debt/FCF | 0.51 | ||
| Altman-Z | 9.91 |
ROIC/WACC3.07
WACC10.61%
2.3 Liquidity
ASML has a Current Ratio of 1.41. This is a normal value and indicates that ASML is financially healthy and should not expect problems in meeting its short term obligations.
ASML's Current ratio of 1.41 is on the low side compared to the rest of the industry. ASML is outperformed by 84.96% of its industry peers.
ASML has a Quick Ratio of 1.41. This is a bad value and indicates that ASML is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.79, ASML is not doing good in the industry: 91.15% 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 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.
ASML shows a small growth in Revenue. In the last year, the Revenue has grown by 2.56%.
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)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
The Earnings Per Share is expected to grow by 18.67% on average over the next years. This is quite good.
Based on estimates for the next years, ASML will show a quite strong growth in Revenue. The Revenue will grow by 11.58% on average per year.
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
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
ASML is valuated quite expensively with a Price/Earnings ratio of 37.59.
Based on the Price/Earnings ratio, ASML is valued a bit cheaper than 68.14% of the companies in the same industry.
ASML is valuated rather expensively when we compare the Price/Earnings ratio to 26.51, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 34.29 indicates a quite expensive valuation of ASML.
The rest of the industry has a similar Price/Forward Earnings ratio as ASML.
ASML is valuated rather expensively when we compare the Price/Forward Earnings ratio to 23.13, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 37.59 | ||
| Fwd PE | 34.29 |
4.2 Price Multiples
68.14% of the companies in the same industry are more expensive than ASML, based on the Enterprise Value to EBITDA ratio.
ASML's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. ASML is cheaper than 76.11% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 38 | ||
| EV/EBITDA | 26.23 |
4.3 Compensation for Growth
ASML's 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.
ASML's earnings are expected to grow with 19.72% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.2
PEG (5Y)1.47
EPS Next 2Y17.48%
EPS Next 3Y19.72%
5. Dividend
5.1 Amount
With a yearly dividend of 0.73%, ASML is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 0.56, ASML pays a better dividend. On top of this ASML pays more dividend than 80.53% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.00, ASML's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.73% |
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
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%
1069.86
-2.28 (-0.21%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners44.21%
Inst Owner Change5.2%
Ins Owners0.01%
Ins Owner ChangeN/A
Market Cap415.27B
Revenue(TTM)28.26B
Net Income(TTM)10.20B
Analysts77.56
Price Target1167.04 (9.08%)
Short Float %0.32%
Short Ratio0.92
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.73% |
Yearly Dividend7.35
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)6.87%
PT rev (3m)31.88%
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 | 37.59 | ||
| Fwd PE | 34.29 | ||
| P/S | 10.99 | ||
| P/FCF | 38 | ||
| P/OCF | 28.51 | ||
| P/B | 16.41 | ||
| P/tB | 30.01 | ||
| EV/EBITDA | 26.23 |
EPS(TTM)28.46
EY2.66%
EPS(NY)31.2
Fwd EY2.92%
FCF(TTM)28.15
FCFY2.63%
OCF(TTM)37.53
OCFY3.51%
SpS97.36
BVpS65.18
TBVpS35.65
PEG (NY)1.2
PEG (5Y)1.47
Graham Number204.3
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 | 9.91 |
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-NY REG SHS / ASML FAQ
Can you provide the ChartMill fundamental rating for ASML HOLDING NV-NY REG SHS?
ChartMill assigns a fundamental rating of 7 / 10 to ASML.
Can you provide the valuation status for ASML HOLDING NV-NY REG SHS?
ChartMill assigns a valuation rating of 4 / 10 to ASML HOLDING NV-NY REG SHS (ASML). This can be considered as Fairly Valued.
How profitable is ASML HOLDING NV-NY REG SHS (ASML) stock?
ASML HOLDING NV-NY REG SHS (ASML) has a profitability rating of 9 / 10.
What is the valuation of ASML HOLDING NV-NY REG SHS based on its PE and PB ratios?
The Price/Earnings (PE) ratio for ASML HOLDING NV-NY REG SHS (ASML) is 37.59 and the Price/Book (PB) ratio is 16.41.
What is the earnings growth outlook for ASML HOLDING NV-NY REG SHS?
The Earnings per Share (EPS) of ASML HOLDING NV-NY REG SHS (ASML) is expected to grow by 31.25% in the next year.