ASML HOLDING NV-NY REG SHS (ASML) Fundamental Analysis & Valuation

NASDAQ:ASML • USN070592100

Current stock price

1302.47 USD
-27.03 (-2.03%)
At close:
1299 USD
-3.47 (-0.27%)
After Hours:

This ASML fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

9

1. ASML Profitability Analysis

1.1 Basic Checks

  • In the past year ASML was profitable.
  • In the past year ASML had a positive cash flow from operations.
  • 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 19.00%, ASML belongs to the top of the industry, outperforming 93.04% of the companies in the same industry.
  • With an excellent Return On Equity value of 49.00%, ASML belongs to the best of the industry, outperforming 95.65% of the companies in the same industry.
  • ASML's Return On Invested Capital of 35.18% is amongst the best of the industry. ASML outperforms 97.39% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for ASML is significantly above the industry average of 10.70%.
  • The last Return On Invested Capital (35.18%) for ASML is above the 3 year average (30.78%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 19%
ROE 49%
ROIC 35.18%
ROA(3y)18.07%
ROA(5y)17.83%
ROE(3y)49.42%
ROE(5y)54.02%
ROIC(3y)30.78%
ROIC(5y)30.25%
ASML Yearly ROA, ROE, ROICASML Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

1.3 Margins

  • ASML has a better Profit Margin (29.42%) than 88.70% of its industry peers.
  • In the last couple of years the Profit Margin of ASML has grown nicely.
  • The Operating Margin of ASML (34.60%) is better than 92.17% of its industry peers.
  • In the last couple of years the Operating Margin of ASML has grown nicely.
  • ASML's Gross Margin of 52.83% is fine compared to the rest of the industry. ASML outperforms 67.83% of its industry peers.
  • ASML's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 34.6%
PM (TTM) 29.42%
GM 52.83%
OM growth 3Y4.06%
OM growth 5Y3.6%
PM growth 3Y3.46%
PM growth 5Y2.96%
GM growth 3Y1.49%
GM growth 5Y1.67%
ASML Yearly Profit, Operating, Gross MarginsASML Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40 50

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4

2. ASML Health Analysis

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 a better debt/assets ratio than last year.
ASML Yearly Shares OutstandingASML Yearly Shares OutstandingYearly Shares Outstanding 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B 40B 50B

2.2 Solvency

  • The Debt to FCF ratio of ASML is 0.25, which is an excellent value as it means it would take ASML, only 0.25 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 0.25, ASML belongs to the top of the industry, outperforming 82.61% of the companies in the same industry.
  • ASML has a Debt/Equity ratio of 0.14. This is a healthy value indicating a solid balance between debt and equity.
  • ASML has a Debt to Equity ratio (0.14) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.14
Debt/FCF 0.25
Altman-Z N/A
ROIC/WACC3.18
WACC11.08%
ASML Yearly LT Debt VS Equity VS FCFASML Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B

2.3 Liquidity

  • ASML has a Current Ratio of 1.26. 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 1.26 is on the low side compared to the rest of the industry. ASML is outperformed by 86.96% of its industry peers.
  • A Quick Ratio of 0.79 indicates that ASML may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.79, ASML is doing worse than 90.43% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.26
Quick Ratio 0.79
ASML Yearly Current Assets VS Current LiabilitesASML Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

7

3. ASML Growth Analysis

3.1 Past

  • ASML shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 28.48%, which is quite impressive.
  • The Earnings Per Share has been growing by 23.86% on average over the past years. This is a very strong growth
  • Looking at the last year, ASML shows a quite strong growth in Revenue. The Revenue has grown by 15.58% in the last year.
  • ASML shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 18.50% yearly.
EPS 1Y (TTM)28.48%
EPS 3Y20.41%
EPS 5Y23.86%
EPS Q2Q%7.31%
Revenue 1Y (TTM)15.58%
Revenue growth 3Y15.55%
Revenue growth 5Y18.5%
Sales Q2Q%4.92%

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 19.85% yearly.
  • Based on estimates for the next years, ASML will show a quite strong growth in Revenue. The Revenue will grow by 13.07% on average per year.
EPS Next Y22.09%
EPS Next 2Y25.89%
EPS Next 3Y22.66%
EPS Next 5Y19.85%
Revenue Next Year14.6%
Revenue Next 2Y16.28%
Revenue Next 3Y14.55%
Revenue Next 5Y13.07%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
  • 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.
ASML Yearly Revenue VS EstimatesASML Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 20B 40B 60B
ASML Yearly EPS VS EstimatesASML Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 20 40 60 80

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4

4. ASML Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 45.75, the valuation of ASML can be described as expensive.
  • Compared to the rest of the industry, the Price/Earnings ratio of ASML indicates a somewhat cheap valuation: ASML is cheaper than 64.35% of the companies listed in the same industry.
  • ASML is valuated expensively when we compare the Price/Earnings ratio to 24.88, which is the current average of the S&P500 Index.
  • The Price/Forward Earnings ratio is 37.47, which means the current valuation is very expensive for ASML.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of ASML is on the same level as its industry peers.
  • When comparing the Price/Forward Earnings ratio of ASML to the average of the S&P500 Index (22.19), we can say ASML is valued expensively.
Industry RankSector Rank
PE 45.75
Fwd PE 37.47
ASML Price Earnings VS Forward Price EarningsASML Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ASML indicates a somewhat cheap valuation: ASML is cheaper than 66.09% of the companies listed in the same industry.
  • ASML's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. ASML is cheaper than 76.52% of the companies in the same industry.
Industry RankSector Rank
P/FCF 39.81
EV/EBITDA 34.71
ASML Per share dataASML EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates ASML does not grow enough to justify the current Price/Earnings ratio.
  • 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 22.66% in the coming years.
PEG (NY)2.07
PEG (5Y)1.92
EPS Next 2Y25.89%
EPS Next 3Y22.66%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. ASML Dividend Analysis

5.1 Amount

  • ASML has a yearly dividend return of 0.64%, which is pretty low.
  • Compared to an average industry Dividend Yield of 0.51, ASML pays a better dividend. On top of this ASML pays more dividend than 80.87% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.89, ASML's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.64%

5.2 History

  • The dividend of ASML is nicely growing with an annual growth rate of 14.78%!
  • ASML has been paying a dividend for at least 10 years, so it has a reliable track record.
  • The dividend of ASML decreased recently.
Dividend Growth(5Y)14.78%
Div Incr Years1
Div Non Decr Years1
ASML Yearly Dividends per shareASML Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2 4 6

5.3 Sustainability

  • 26.54% 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.
DP26.54%
EPS Next 2Y25.89%
EPS Next 3Y22.66%
ASML Yearly Income VS Free CF VS DividendASML Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B
ASML Dividend Payout.ASML Dividend Payout, showing the Payout Ratio.ASML Dividend Payout.PayoutRetained Earnings

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ASML Fundamentals: All Metrics, Ratios and Statistics

ASML HOLDING NV-NY REG SHS

NASDAQ:ASML (3/27/2026, 8:01:18 PM)

After market: 1299 -3.47 (-0.27%)

1302.47

-27.03 (-2.03%)

Chartmill FA Rating
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)01-28
Earnings (Next)04-15
Inst Owners44.32%
Inst Owner Change1.8%
Ins Owners0.01%
Ins Owner ChangeN/A
Market Cap505.55B
Revenue(TTM)32.67B
Net Income(TTM)9.61B
Analysts78.1
Price Target1654.93 (27.06%)
Short Float %0.26%
Short Ratio0.53
Dividend
Industry RankSector Rank
Dividend Yield 0.64%
Yearly Dividend7.23
Dividend Growth(5Y)14.78%
DP26.54%
Div Incr Years1
Div Non Decr Years1
Ex-Date04-27
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-3.12%
Min EPS beat(2)-4.81%
Max EPS beat(2)-1.44%
EPS beat(4)2
Avg EPS beat(4)1.71%
Min EPS beat(4)-4.81%
Max EPS beat(4)11.23%
EPS beat(8)5
Avg EPS beat(8)3.9%
EPS beat(12)9
Avg EPS beat(12)5.26%
EPS beat(16)13
Avg EPS beat(16)6.06%
Revenue beat(2)0
Avg Revenue beat(2)-3.17%
Min Revenue beat(2)-5.4%
Max Revenue beat(2)-0.95%
Revenue beat(4)1
Avg Revenue beat(4)-2.28%
Min Revenue beat(4)-5.4%
Max Revenue beat(4)0.27%
Revenue beat(8)4
Avg Revenue beat(8)-1.08%
Revenue beat(12)7
Avg Revenue beat(12)-0.26%
Revenue beat(16)10
Avg Revenue beat(16)0.11%
PT rev (1m)0%
PT rev (3m)41.81%
EPS NQ rev (1m)0%
EPS NQ rev (3m)18.88%
EPS NY rev (1m)10.44%
EPS NY rev (3m)13.65%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)11.12%
Revenue NY rev (1m)0.27%
Revenue NY rev (3m)9.8%
Valuation
Industry RankSector Rank
PE 45.75
Fwd PE 37.47
P/S 13.44
P/FCF 39.81
P/OCF 34.68
P/B 22.38
P/tB 30.31
EV/EBITDA 34.71
EPS(TTM)28.47
EY2.19%
EPS(NY)34.76
Fwd EY2.67%
FCF(TTM)32.72
FCFY2.51%
OCF(TTM)37.56
OCFY2.88%
SpS96.93
BVpS58.19
TBVpS42.97
PEG (NY)2.07
PEG (5Y)1.92
Graham Number193.07
Profitability
Industry RankSector Rank
ROA 19%
ROE 49%
ROCE 42.97%
ROIC 35.18%
ROICexc 71.29%
ROICexgc 117.85%
OM 34.6%
PM (TTM) 29.42%
GM 52.83%
FCFM 33.76%
ROA(3y)18.07%
ROA(5y)17.83%
ROE(3y)49.42%
ROE(5y)54.02%
ROIC(3y)30.78%
ROIC(5y)30.25%
ROICexc(3y)95.08%
ROICexc(5y)81.02%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)37.59%
ROCE(5y)36.94%
ROICexgc growth 3Y-3.81%
ROICexgc growth 5Y19.89%
ROICexc growth 3Y8.04%
ROICexc growth 5Y22.14%
OM growth 3Y4.06%
OM growth 5Y3.6%
PM growth 3Y3.46%
PM growth 5Y2.96%
GM growth 3Y1.49%
GM growth 5Y1.67%
F-Score6
Asset Turnover0.65
Health
Industry RankSector Rank
Debt/Equity 0.14
Debt/FCF 0.25
Debt/EBITDA 0.22
Cap/Depr 159%
Cap/Sales 4.99%
Interest Coverage 250
Cash Conversion 102.69%
Profit Quality 114.76%
Current Ratio 1.26
Quick Ratio 0.79
Altman-Z N/A
F-Score6
WACC11.08%
ROIC/WACC3.18
Cap/Depr(3y)227.55%
Cap/Depr(5y)221.67%
Cap/Sales(3y)6.78%
Cap/Sales(5y)6.32%
Profit Quality(3y)92.05%
Profit Quality(5y)114.39%
High Growth Momentum
Growth
EPS 1Y (TTM)28.48%
EPS 3Y20.41%
EPS 5Y23.86%
EPS Q2Q%7.31%
EPS Next Y22.09%
EPS Next 2Y25.89%
EPS Next 3Y22.66%
EPS Next 5Y19.85%
Revenue 1Y (TTM)15.58%
Revenue growth 3Y15.55%
Revenue growth 5Y18.5%
Sales Q2Q%4.92%
Revenue Next Year14.6%
Revenue Next 2Y16.28%
Revenue Next 3Y14.55%
Revenue Next 5Y13.07%
EBIT growth 1Y-10.34%
EBIT growth 3Y20.24%
EBIT growth 5Y22.77%
EBIT Next Year28.54%
EBIT Next 3Y23.46%
EBIT Next 5Y19.34%
FCF growth 1Y21.4%
FCF growth 3Y15.44%
FCF growth 5Y24.91%
OCF growth 1Y13.36%
OCF growth 3Y14.26%
OCF growth 5Y22.29%

ASML HOLDING NV-NY REG SHS / ASML Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for ASML HOLDING NV-NY REG SHS?

ChartMill assigns a fundamental rating of 6 / 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 45.75 and the Price/Book (PB) ratio is 22.38.


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 22.09% in the next year.