ASML HOLDING NV (1ASML.MI) Stock Fundamental Analysis
BIT:1ASML - Euronext Milan - NL0010273215 - Common Stock - Currency: EUR
Overall 1ASML gets a fundamental rating of 7 out of 10. We evaluated 1ASML against 53 industry peers in the Semiconductors & Semiconductor Equipment industry. 1ASML scores excellent points on both the profitability and health parts. This is a solid base for a good stock. 1ASML is showing excellent growth while it is valued at reasonable prices. Keep and eye on this one! These ratings would make 1ASML suitable for growth and quality investing!
1. Profitability
1.1 Basic Checks
1ASML had positive earnings in the past year.
1ASML had a positive operating cash flow in the past year.
1ASML had positive earnings in each of the past 5 years.
In the past 5 years 1ASML always reported a positive cash flow from operatings.
1.2 Ratios
With an excellent Return On Assets value of 15.58%, 1ASML belongs to the best of the industry, outperforming 81.13% of the companies in the same industry.
1ASML has a Return On Equity of 40.98%. This is amongst the best in the industry. 1ASML outperforms 94.34% of its industry peers.
1ASML has a Return On Invested Capital of 25.98%. This is amongst the best in the industry. 1ASML outperforms 90.57% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for 1ASML is significantly above the industry average of 15.50%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 15.58% | ||
| ROE | 40.98% | ||
| ROIC | 25.98% |
ROA(3y)16.96%
ROA(5y)16.56%
ROE(3y)49.24%
ROE(5y)44.73%
ROIC(3y)27.9%
ROIC(5y)25.53%
1.3 Margins
1ASML's Profit Margin of 26.79% is amongst the best of the industry. 1ASML outperforms 86.79% of its industry peers.
In the last couple of years the Profit Margin of 1ASML has grown nicely.
1ASML's Operating Margin of 31.92% is amongst the best of the industry. 1ASML outperforms 83.02% of its industry peers.
In the last couple of years the Operating Margin of 1ASML has grown nicely.
The Gross Margin of 1ASML (51.28%) is better than 73.58% of its industry peers.
1ASML's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 31.92% | ||
| PM (TTM) | 26.79% | ||
| GM | 51.28% |
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), 1ASML is creating value.
The number of shares outstanding for 1ASML remains at a similar level compared to 1 year ago.
1ASML has less shares outstanding than it did 5 years ago.
1ASML has a better debt/assets ratio than last year.
2.2 Solvency
1ASML has an Altman-Z score of 6.51. This indicates that 1ASML is financially healthy and has little risk of bankruptcy at the moment.
1ASML's Altman-Z score of 6.51 is fine compared to the rest of the industry. 1ASML outperforms 66.04% of its industry peers.
The Debt to FCF ratio of 1ASML is 0.55, which is an excellent value as it means it would take 1ASML, only 0.55 years of fcf income to pay off all of its debts.
1ASML's Debt to FCF ratio of 0.55 is amongst the best of the industry. 1ASML outperforms 90.57% of its industry peers.
A Debt/Equity ratio of 0.21 indicates that 1ASML is not too dependend on debt financing.
The Debt to Equity ratio of 1ASML (0.21) is better than 62.26% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.21 | ||
| Debt/FCF | 0.55 | ||
| Altman-Z | 6.51 |
ROIC/WACC2.47
WACC10.51%
2.3 Liquidity
A Current Ratio of 1.53 indicates that 1ASML should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.53, 1ASML is doing worse than 75.47% of the companies in the same industry.
1ASML has a Quick Ratio of 1.53. This is a bad value and indicates that 1ASML is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.99, 1ASML is doing worse than 75.47% of the companies in the same industry.
1ASML 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 | 1.53 | ||
| Quick Ratio | 0.99 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 22.60% over the past year.
The Earnings Per Share has been growing by 25.62% on average over the past years. This is a very strong growth
The Revenue has been growing slightly by 2.56% in the past year.
1ASML shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 19.05% yearly.
EPS 1Y (TTM)22.6%
EPS 3Y10.24%
EPS 5Y25.62%
EPS Q2Q%92.93%
Revenue 1Y (TTM)2.56%
Revenue growth 3Y14.94%
Revenue growth 5Y19.05%
Sales Q2Q%46.34%
3.2 Future
The Earnings Per Share is expected to grow by 17.78% on average over the next years. This is quite good.
Based on estimates for the next years, 1ASML will show a quite strong growth in Revenue. The Revenue will grow by 11.34% on average per year.
EPS Next Y24.43%
EPS Next 2Y21.11%
EPS Next 3Y20.74%
EPS Next 5Y17.78%
Revenue Next Year16.37%
Revenue Next 2Y14.5%
Revenue Next 3Y13.2%
Revenue Next 5Y11.34%
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.
The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 26.67, the valuation of 1ASML can be described as expensive.
1ASML's Price/Earnings ratio is in line with the industry average.
1ASML is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 28.79, which is the current average of the S&P500 Index.
1ASML is valuated rather expensively with a Price/Forward Earnings ratio of 20.91.
Compared to the rest of the industry, the Price/Forward Earnings ratio of 1ASML is on the same level as its industry peers.
1ASML is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 21.38, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.67 | ||
| Fwd PE | 20.91 |
4.2 Price Multiples
1ASML's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. 1ASML is more expensive than 67.92% of the companies in the same industry.
1ASML's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. 1ASML is cheaper than 77.36% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 25.59 | ||
| EV/EBITDA | 22.63 |
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 1ASML may justify a higher PE ratio.
1ASML's earnings are expected to grow with 20.74% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.09
PEG (5Y)1.04
EPS Next 2Y21.11%
EPS Next 3Y20.74%
5. Dividend
5.1 Amount
1ASML has a Yearly Dividend Yield of 1.13%.
Compared to an average industry Dividend Yield of 1.76, 1ASML has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.51, 1ASML's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.13% |
5.2 History
On average, the dividend of 1ASML grows each year by 14.61%, which is quite nice.
Dividend Growth(5Y)14.61%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
32.40% of the earnings are spent on dividend by 1ASML. This is a low number and sustainable payout ratio.
The dividend of 1ASML is growing, but earnings are growing more, so the dividend growth is sustainable.
DP32.4%
EPS Next 2Y21.11%
EPS Next 3Y20.74%
BIT:1ASML (4/25/2025, 7:00:00 PM)
590.2
-0.8 (-0.14%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners52.38%
Inst Owner ChangeN/A
Ins Owners0.02%
Ins Owner ChangeN/A
Market Cap232.44B
Analysts80
Price Target893.06 (51.31%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.13% |
Yearly Dividend6.24
Dividend Growth(5Y)14.61%
DP32.4%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)3.52%
Min EPS beat(2)-0.46%
Max EPS beat(2)7.51%
EPS beat(4)3
Avg EPS beat(4)6.1%
Min EPS beat(4)-0.46%
Max EPS beat(4)10.42%
EPS beat(8)7
Avg EPS beat(8)7.03%
EPS beat(12)11
Avg EPS beat(12)7.51%
EPS beat(16)14
Avg EPS beat(16)8.25%
Revenue beat(2)2
Avg Revenue beat(2)1.27%
Min Revenue beat(2)0.08%
Max Revenue beat(2)2.45%
Revenue beat(4)3
Avg Revenue beat(4)0.11%
Min Revenue beat(4)-3.8%
Max Revenue beat(4)2.45%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
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)2.92%
PT rev (3m)4.22%
EPS NQ rev (1m)14.05%
EPS NQ rev (3m)18.89%
EPS NY rev (1m)-1.22%
EPS NY rev (3m)-3.25%
Revenue NQ rev (1m)4.2%
Revenue NQ rev (3m)6.8%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.85%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.67 | ||
| Fwd PE | 20.91 | ||
| P/S | 8.22 | ||
| P/FCF | 25.59 | ||
| P/OCF | 20.82 | ||
| P/B | 12.58 | ||
| P/tB | 17.52 | ||
| EV/EBITDA | 22.63 |
EPS(TTM)22.13
EY3.75%
EPS(NY)28.22
Fwd EY4.78%
FCF(TTM)23.06
FCFY3.91%
OCF(TTM)28.35
OCFY4.8%
SpS71.76
BVpS46.92
TBVpS33.69
PEG (NY)1.09
PEG (5Y)1.04
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 15.58% | ||
| ROE | 40.98% | ||
| ROCE | 31.62% | ||
| ROIC | 25.98% | ||
| ROICexc | 46.94% | ||
| ROICexgc | 70.04% | ||
| OM | 31.92% | ||
| PM (TTM) | 26.79% | ||
| GM | 51.28% | ||
| FCFM | 32.14% |
ROA(3y)16.96%
ROA(5y)16.56%
ROE(3y)49.24%
ROE(5y)44.73%
ROIC(3y)27.9%
ROIC(5y)25.53%
ROICexc(3y)43.46%
ROICexc(5y)39.92%
ROICexgc(3y)81.29%
ROICexgc(5y)81.27%
ROCE(3y)33.95%
ROCE(5y)31.07%
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-Score7
Asset Turnover0.58
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.21 | ||
| Debt/FCF | 0.55 | ||
| Debt/EBITDA | 0.39 | ||
| Cap/Depr | 226.77% | ||
| Cap/Sales | 7.37% | ||
| Interest Coverage | 56.39 | ||
| Cash Conversion | 112.32% | ||
| Profit Quality | 119.96% | ||
| Current Ratio | 1.53 | ||
| Quick Ratio | 0.99 | ||
| Altman-Z | 6.51 |
F-Score7
WACC10.51%
ROIC/WACC2.47
Cap/Depr(3y)259.75%
Cap/Depr(5y)228.84%
Cap/Sales(3y)9.74%
Cap/Sales(5y)9.91%
Profit Quality(3y)91.57%
Profit Quality(5y)107.38%
High Growth Momentum
Growth
EPS 1Y (TTM)22.6%
EPS 3Y10.24%
EPS 5Y25.62%
EPS Q2Q%92.93%
EPS Next Y24.43%
EPS Next 2Y21.11%
EPS Next 3Y20.74%
EPS Next 5Y17.78%
Revenue 1Y (TTM)2.56%
Revenue growth 3Y14.94%
Revenue growth 5Y19.05%
Sales Q2Q%46.34%
Revenue Next Year16.37%
Revenue Next 2Y14.5%
Revenue Next 3Y13.2%
Revenue Next 5Y11.34%
EBIT growth 1Y-5.14%
EBIT growth 3Y9.72%
EBIT growth 5Y27.13%
EBIT Next Year35.67%
EBIT Next 3Y23.1%
EBIT Next 5Y19.23%
FCF growth 1Y167.57%
FCF growth 3Y-3.05%
FCF growth 5Y29.82%
OCF growth 1Y70.84%
OCF growth 3Y-1.24%
OCF growth 5Y25.03%