High growth, ROE and relative strength for NASDAQ:ASML, growth investors may appreciate this.

In this article we will dive into ASML HOLDING NV-NY REG SHS (NASDAQ:ASML) as a possible candidate for growth investing. Investors should always do their own research, but we noticed ASML HOLDING NV-NY REG SHS showing up in our CANSLIM growth screen, which makes it worth to investigate a bit more.

Some of the canslim metrics of NASDAQ:ASML highlighted

• The earnings per share (EPS) of ASML HOLDING NV-NY REG SHS have shown positive growth on a quarter-to-quarter (Q2Q) basis, with a 39.27% increase. This reflects the company's ability to improve its profitability over time.
• ASML HOLDING NV-NY REG SHS has demonstrated strong q2q revenue growth of 52.24%, suggesting a favorable trend in the company's financials and indicating the potential for continued expansion.
• ASML HOLDING NV-NY REG SHS has achieved 32.05% growth in EPS over the past 3 years, reflecting a sustained improvement in earnings performance.
• ASML HOLDING NV-NY REG SHS has achieved an impressive Return on Equity (ROE) of 60.17%, showcasing its ability to generate favorable returns for shareholders.
• ASML HOLDING NV-NY REG SHS has achieved an impressive Relative Strength (RS) rating of 83.52, showcasing its ability to outperform the broader market. This strong performance positions ASML HOLDING NV-NY REG SHS as an attractive stock for potential price appreciation.
• With a Debt-to-Equity ratio at 0.35, ASML HOLDING NV-NY REG SHS showcases its prudent financial management. The company's balanced approach between debt and equity reflects its commitment to maintaining a stable capital structure.
• ASML HOLDING NV-NY REG SHS exhibits a favorable ownership structure, with an institutional shareholder ownership of 18.92%. This signifies a diverse investor base, which can contribute to a more stable and efficient market for the stock.

What is the technical picture of NASDAQ:ASML telling us.

Every day ChartMill assigns a Technical Rating to every stock. The score ranges from 0 to 10 and is determined by evaluating multiple technical indicators and properties.

Overall ASML gets a technical rating of 2 out of 10. ASML has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.

• Looking at the yearly performance, ASML did better than 83% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
• ASML is an average performer in the Semiconductors & Semiconductor Equipment industry, it outperforms 65% of 106 stocks in the same industry.
• ASML is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ASML is lagging the market slightly.
• In the last month ASML has a been trading in the 564.00 - 624.19 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

For an up to date full technical analysis you can check the technical report of ASML

What else is there to say on the fundamentals of NASDAQ:ASML?

As part of its analysis, ChartMill provides a comprehensive Fundamental Rating for each stock. This rating, ranging from 0 to 10, is updated on a daily basis and is based on the evaluation of various fundamental indicators and properties.

Overall ASML gets a fundamental rating of 7 out of 10. We evaluated ASML against 106 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. With these ratings, ASML could be worth investigating further for growth and quality investing!.

Check the latest full fundamental report of ASML for a complete fundamental analysis.

Our CANSLIM screen will find you more ideas suited for growth investing.

Keep in mind

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.