ASML HOLDING NV-NY REG SHS (ASML) Stock Fundamental Analysis
USA - NASDAQ:ASML - USN070592100
966.8 USD
+15.28 (+1.61%)
Taking everything into account, ASML scores 7 out of 10 in our fundamental rating. ASML was compared to 112 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 not overvalued while it is showing excellent growth. This is an interesting combination. 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.
ASML had a positive operating cash flow in the past year.
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 19.14%. This is amongst the best in the industry. ASML outperforms 91.07% of its industry peers.
ASML has a Return On Equity of 43.78%. This is amongst the best in the industry. ASML outperforms 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.
The Average Return On Invested Capital over the past 3 years for ASML is significantly above the industry average of 10.93%.
The 3 year average ROIC (27.63%) for ASML is below the current ROIC(30.33%), indicating increased profibility in the last year.
| Industry Rank | Sector 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%
1.3 Margins
Looking at the Profit Margin, with a value of 29.31%, ASML belongs to the top of the industry, outperforming 91.07% of the companies in the same industry.
ASML's Profit Margin has improved in the last couple of years.
ASML has a Operating Margin of 34.90%. This is amongst the best in the industry. ASML outperforms 93.75% of its industry peers.
ASML's Operating Margin has improved in the last couple of years.
ASML has a better Gross Margin (52.58%) than 69.64% of its industry peers.
ASML's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector 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%
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.
Compared to 5 years ago, ASML has less shares outstanding
The debt/assets ratio for ASML has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 9.14 indicates that ASML is not in any danger for bankruptcy at the moment.
ASML's Altman-Z score of 9.14 is fine compared to the rest of the industry. ASML outperforms 70.54% 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.
ASML has a better Debt to FCF ratio (0.51) 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 comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.17 | ||
| Debt/FCF | 0.51 | ||
| Altman-Z | 9.14 |
ROIC/WACC3.14
WACC9.66%
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.
With a Current ratio value of 1.41, ASML is not doing good in the industry: 85.71% of the companies in the same industry are doing better.
A Quick Ratio of 0.79 indicates that ASML may have some problems paying its short term obligations.
ASML has a Quick ratio of 0.79. This is amonst the worse of the industry: ASML underperforms 91.96% 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 40.22%, which is quite impressive.
ASML shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 25.62% yearly.
The Revenue has grown by 26.41% in the past year. This is a very strong growth!
Measured over the past years, ASML shows a quite strong growth in Revenue. The Revenue has been growing by 19.05% on average per year.
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
ASML is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 17.24% yearly.
The Revenue is expected to grow by 11.02% on average over the next years. This is quite good.
EPS Next Y26.11%
EPS Next 2Y15%
EPS Next 3Y17.12%
EPS Next 5Y17.24%
Revenue Next Year15.84%
Revenue Next 2Y9.3%
Revenue Next 3Y10.51%
Revenue Next 5Y11.02%
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
ASML is valuated quite expensively with a Price/Earnings ratio of 34.48.
ASML's Price/Earnings ratio is a bit cheaper when compared to the industry. ASML is cheaper than 65.18% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.54, ASML is valued a bit more expensive.
A Price/Forward Earnings ratio of 32.55 indicates a quite expensive valuation of ASML.
Compared to the rest of the industry, the Price/Forward Earnings ratio of ASML is on the same level as its industry peers.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.05, ASML is valued a bit more expensive.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 34.48 | ||
| Fwd PE | 32.55 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ASML is valued a bit cheaper than the industry average as 66.96% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, ASML is valued a bit cheaper than the industry average as 74.11% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 35.39 | ||
| EV/EBITDA | 26.15 |
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.
ASML's earnings are expected to grow with 17.12% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.32
PEG (5Y)1.35
EPS Next 2Y15%
EPS Next 3Y17.12%
5. Dividend
5.1 Amount
ASML has a yearly dividend return of 0.80%, which is pretty low.
Compared to an average industry Dividend Yield of 2.20, ASML pays a better dividend. On top of this ASML pays more dividend than 80.36% of the companies listed in the same industry.
With a Dividend Yield of 0.80, ASML pays less dividend than the S&P500 average, which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.8% |
5.2 History
On average, the dividend of ASML grows each year by 14.61%, which is quite nice.
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 26.57% of its income as dividend. This is a sustainable payout ratio.
ASML's earnings are growing around the same pace than its dividend. As long as the earnings growth is kept the dividend growth is sustainable.
DP26.57%
EPS Next 2Y15%
EPS Next 3Y17.12%
NASDAQ:ASML (9/29/2025, 9:54:05 AM)
966.8
+15.28 (+1.61%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners43.25%
Inst Owner Change-14.63%
Ins Owners0.02%
Ins Owner ChangeN/A
Market Cap380.75B
Analysts75.61
Price Target884.91 (-8.47%)
Short Float %0.7%
Short Ratio1.45
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.8% |
Yearly Dividend7.28
Dividend Growth(5Y)14.61%
DP26.57%
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)-0.49%
PT rev (3m)-1.8%
EPS NQ rev (1m)-0.29%
EPS NQ rev (3m)-8.37%
EPS NY rev (1m)0.17%
EPS NY rev (3m)1.35%
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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 34.48 | ||
| Fwd PE | 32.55 | ||
| P/S | 10.14 | ||
| P/FCF | 35.39 | ||
| P/OCF | 29.14 | ||
| P/B | 15.15 | ||
| P/tB | 27.7 | ||
| EV/EBITDA | 26.15 |
EPS(TTM)28.04
EY2.9%
EPS(NY)29.7
Fwd EY3.07%
FCF(TTM)27.32
FCFY2.83%
OCF(TTM)33.17
OCFY3.43%
SpS95.32
BVpS63.81
TBVpS34.91
PEG (NY)1.32
PEG (5Y)1.35
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 9.14 |
F-Score8
WACC9.66%
ROIC/WACC3.14
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 Y26.11%
EPS Next 2Y15%
EPS Next 3Y17.12%
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 Year34.32%
EBIT Next 3Y18.15%
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%