ASML HOLDING NV-NY REG SHS (ASML) Stock Fundamental Analysis
USA - NASDAQ:ASML - USN070592100
966.57 USD
-14.47 (-1.47%)
969 USD
+2.43 (+0.25%)
We assign a fundamental rating of 7 out of 10 to ASML. ASML was compared to 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 not overvalued while it is showing excellent growth. This is an interesting combination. These ratings could make ASML a good candidate for growth and quality investing.
1. Profitability
1.1 Basic Checks
In the past year ASML was profitable.
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
ASML has a Return On Assets of 20.71%. This is amongst the best in the industry. ASML outperforms 92.86% of its industry peers.
ASML's Return On Equity of 47.39% is amongst the best of the industry. ASML outperforms 94.64% of its industry peers.
The Return On Invested Capital of ASML (32.62%) is better than 97.32% 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 10.84%.
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 has a Profit Margin of 31.73%. This is amongst the best in the industry. ASML outperforms 92.86% of its industry peers.
In the last couple of years the Profit Margin of ASML has grown nicely.
The Operating Margin of ASML (37.74%) is better than 95.54% of its industry peers.
ASML's Operating Margin has improved in the last couple of years.
The Gross Margin of ASML (51.93%) is better than 66.96% of its industry peers.
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
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), ASML is creating value.
Compared to 1 year ago, ASML has about the same amount of shares outstanding.
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.
2.2 Solvency
ASML has an Altman-Z score of 9.41. This indicates that ASML is financially healthy and has little risk of bankruptcy at the moment.
ASML has a Altman-Z score of 9.41. This is in the better half of the industry: ASML outperforms 74.11% of its industry peers.
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.
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 51.79% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.17 | ||
| Debt/FCF | 0.51 | ||
| Altman-Z | 9.41 |
ROIC/WACC3.33
WACC9.79%
2.3 Liquidity
A Current Ratio of 1.41 indicates that ASML should not have too much problems paying its short term obligations.
With a Current ratio value of 1.41, ASML is not doing good in the industry: 84.82% of the companies in the same industry are doing better.
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.
The Quick ratio of ASML (0.79) is worse than 91.07% of its industry peers.
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.
The Earnings Per Share has been growing by 25.62% on average over the past years. This is a very strong growth
ASML shows a small growth in Revenue. In the last year, the Revenue has grown by 2.56%.
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
Based on estimates for the next years, ASML will show a quite strong growth in Earnings Per Share. The EPS will grow by 18.31% on average per year.
Based on estimates for the next years, ASML will show a quite strong growth in Revenue. The Revenue will grow by 11.71% on average per year.
EPS Next Y30.06%
EPS Next 2Y16.65%
EPS Next 3Y19.07%
EPS Next 5Y18.31%
Revenue Next Year16.78%
Revenue Next 2Y10.26%
Revenue Next 3Y11.51%
Revenue Next 5Y11.71%
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
With a Price/Earnings ratio of 34.66, ASML can be considered very expensive at the moment.
65.18% of the companies in the same industry are more expensive than ASML, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 25.45, ASML is valued a bit more expensive.
ASML is valuated quite expensively with a Price/Forward Earnings ratio of 32.07.
The rest of the industry has a similar Price/Forward Earnings ratio as ASML.
ASML's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 34.46.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 34.66 | ||
| Fwd PE | 32.07 |
4.2 Price Multiples
ASML's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. ASML is cheaper than 66.96% of the companies in the same industry.
ASML's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. ASML is cheaper than 69.64% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 35.04 | ||
| EV/EBITDA | 24.54 |
4.3 Compensation for Growth
The 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 19.07% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.15
PEG (5Y)1.35
EPS Next 2Y16.65%
EPS Next 3Y19.07%
5. Dividend
5.1 Amount
ASML has a yearly dividend return of 0.85%, which is pretty low.
ASML's Dividend Yield is rather good when compared to the industry average which is at 2.22. ASML pays more dividend than 81.25% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.45, ASML's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.85% |
5.2 History
The dividend of ASML is nicely growing with an annual growth rate of 14.61%!
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)14.61%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
ASML pays out 24.55% of its income as dividend. This is a sustainable payout ratio.
The dividend of ASML is growing, but earnings are growing more, so the dividend growth is sustainable.
DP24.55%
EPS Next 2Y16.65%
EPS Next 3Y19.07%
966.57
-14.47 (-1.47%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners43.25%
Inst Owner Change5.05%
Ins Owners0.02%
Ins Owner ChangeN/A
Market Cap375.17B
Revenue(TTM)28.26B
Net Income(TTM)10.20B
Analysts76.59
Price Target1094.14 (13.2%)
Short Float %0.36%
Short Ratio0.88
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.85% |
Yearly Dividend7.26
Dividend Growth(5Y)14.61%
DP24.55%
Div Incr Years1
Div Non Decr Years1
Ex-Date
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)19.61%
PT rev (3m)23.55%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-0.12%
EPS NY rev (1m)3.13%
EPS NY rev (3m)4.52%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.81%
Revenue NY rev (1m)0.27%
Revenue NY rev (3m)0.78%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 34.66 | ||
| Fwd PE | 32.07 | ||
| P/S | 10.13 | ||
| P/FCF | 35.04 | ||
| P/OCF | 26.28 | ||
| P/B | 15.13 | ||
| P/tB | 27.67 | ||
| EV/EBITDA | 24.54 |
EPS(TTM)27.89
EY2.89%
EPS(NY)30.14
Fwd EY3.12%
FCF(TTM)27.59
FCFY2.85%
OCF(TTM)36.77
OCFY3.8%
SpS95.41
BVpS63.87
TBVpS34.94
PEG (NY)1.15
PEG (5Y)1.35
Graham Number200.2
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 | 9.41 |
F-Score8
WACC9.79%
ROIC/WACC3.33
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 Y30.06%
EPS Next 2Y16.65%
EPS Next 3Y19.07%
EPS Next 5Y18.31%
Revenue 1Y (TTM)2.56%
Revenue growth 3Y14.94%
Revenue growth 5Y19.05%
Sales Q2Q%0.65%
Revenue Next Year16.78%
Revenue Next 2Y10.26%
Revenue Next 3Y11.51%
Revenue Next 5Y11.71%
EBIT growth 1Y40.28%
EBIT growth 3Y13.31%
EBIT growth 5Y29.61%
EBIT Next Year34.32%
EBIT Next 3Y18.15%
EBIT Next 5Y18.27%
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.
What is the valuation status of ASML HOLDING NV-NY REG SHS (ASML) stock?
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.
Can you provide the financial health for ASML stock?
The financial health rating of ASML HOLDING NV-NY REG SHS (ASML) is 7 / 10.
How sustainable is the dividend of ASML HOLDING NV-NY REG SHS (ASML) stock?
The dividend rating of ASML HOLDING NV-NY REG SHS (ASML) is 5 / 10 and the dividend payout ratio is 24.55%.