ASML HOLDING NV (ASME.DE) Stock Fundamental Analysis
FRA:ASME - Deutsche Boerse Ag - NL0010273215 - Common Stock - Currency: EUR
Taking everything into account, ASME scores 7 out of 10 in our fundamental rating. ASME was compared to 53 industry peers in the Semiconductors & Semiconductor Equipment industry. ASME has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. ASME is growing strongly while it is still valued neutral. This is a good combination! These ratings would make ASME suitable for growth and quality investing!
1. Profitability
1.1 Basic Checks
ASME had positive earnings in the past year.
In the past year ASME had a positive cash flow from operations.
Each year in the past 5 years ASME has been profitable.
ASME had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With an excellent Return On Assets value of 15.58%, ASME belongs to the best of the industry, outperforming 83.02% of the companies in the same industry.
With an excellent Return On Equity value of 40.98%, ASME belongs to the best of the industry, outperforming 94.34% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 25.98%, ASME belongs to the top of the industry, outperforming 94.34% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for ASME is significantly above the industry average of 15.36%.
| 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
Looking at the Profit Margin, with a value of 26.79%, ASME belongs to the top of the industry, outperforming 84.91% of the companies in the same industry.
In the last couple of years the Profit Margin of ASME has grown nicely.
With an excellent Operating Margin value of 31.92%, ASME belongs to the best of the industry, outperforming 81.13% of the companies in the same industry.
ASME's Operating Margin has improved in the last couple of years.
With a decent Gross Margin value of 51.28%, ASME is doing good in the industry, outperforming 71.70% of the companies in the same industry.
ASME'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
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so ASME is creating value.
The number of shares outstanding for ASME remains at a similar level compared to 1 year ago.
ASME has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, ASME has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 6.50 indicates that ASME is not in any danger for bankruptcy at the moment.
ASME has a better Altman-Z score (6.50) than 69.81% of its industry peers.
The Debt to FCF ratio of ASME is 0.55, which is an excellent value as it means it would take ASME, only 0.55 years of fcf income to pay off all of its debts.
ASME has a Debt to FCF ratio of 0.55. This is amongst the best in the industry. ASME outperforms 90.57% of its industry peers.
ASME has a Debt/Equity ratio of 0.21. This is a healthy value indicating a solid balance between debt and equity.
With a Debt to Equity ratio value of 0.21, ASME perfoms like the industry average, outperforming 58.49% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.21 | ||
| Debt/FCF | 0.55 | ||
| Altman-Z | 6.5 |
ROIC/WACC2.51
WACC10.34%
2.3 Liquidity
A Current Ratio of 1.53 indicates that ASME should not have too much problems paying its short term obligations.
ASME has a Current ratio of 1.53. This is in the lower half of the industry: ASME underperforms 73.58% of its industry peers.
A Quick Ratio of 0.99 indicates that ASME may have some problems paying its short term obligations.
ASME has a Quick ratio of 0.99. This is in the lower half of the industry: ASME underperforms 73.58% of its industry peers.
The current and quick ratio evaluation for ASME 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 | 1.53 | ||
| Quick Ratio | 0.99 |
3. Growth
3.1 Past
ASME shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 22.60%, which is quite impressive.
ASME shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 25.62% yearly.
Looking at the last year, ASME shows a small growth in Revenue. The Revenue has grown by 2.56% in the last year.
ASME 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
ASME is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 17.78% yearly.
Based on estimates for the next years, ASME 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 Year15.04%
Revenue Next 2Y12.26%
Revenue Next 3Y12.47%
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.
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 26.62, ASME can be considered very expensive at the moment.
ASME's Price/Earnings ratio is in line with the industry average.
When comparing the Price/Earnings ratio of ASME to the average of the S&P500 Index (28.78), we can say ASME is valued inline with the index average.
Based on the Price/Forward Earnings ratio of 20.88, the valuation of ASME can be described as rather expensive.
The rest of the industry has a similar Price/Forward Earnings ratio as ASME.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.32, ASME is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.62 | ||
| Fwd PE | 20.88 |
4.2 Price Multiples
ASME's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. ASME is more expensive than 71.70% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, ASME is valued a bit cheaper than the industry average as 77.36% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 25.55 | ||
| EV/EBITDA | 22.56 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
ASME has an outstanding profitability rating, which may justify a higher PE ratio.
ASME'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
ASME has a Yearly Dividend Yield of 1.08%. Purely for dividend investing, there may be better candidates out there.
ASME's Dividend Yield is a higher than the industry average which is at 1.50.
Compared to an average S&P500 Dividend Yield of 2.46, ASME's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.08% |
5.2 History
The dividend of ASME is nicely growing with an annual growth rate of 14.61%!
Dividend Growth(5Y)14.61%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
ASME pays out 32.40% of its income as dividend. This is a sustainable payout ratio.
The dividend of ASME is growing, but earnings are growing more, so the dividend growth is sustainable.
DP32.4%
EPS Next 2Y21.11%
EPS Next 3Y20.74%
FRA:ASME (4/25/2025, 7:00:00 PM)
589.2
-2.6 (-0.44%)
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 Cap232.04B
Analysts80
Price Target797.46 (35.35%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.08% |
Yearly Dividend6.24
Dividend Growth(5Y)14.61%
DP32.4%
Div Incr Years1
Div Non Decr Years1
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)-8.13%
PT rev (3m)-7.74%
EPS NQ rev (1m)14.05%
EPS NQ rev (3m)18.89%
EPS NY rev (1m)-1.87%
EPS NY rev (3m)-3.25%
Revenue NQ rev (1m)4.2%
Revenue NQ rev (3m)6.8%
Revenue NY rev (1m)-1.14%
Revenue NY rev (3m)0.56%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.62 | ||
| Fwd PE | 20.88 | ||
| P/S | 8.21 | ||
| P/FCF | 25.55 | ||
| P/OCF | 20.78 | ||
| P/B | 12.56 | ||
| P/tB | 17.49 | ||
| EV/EBITDA | 22.56 |
EPS(TTM)22.13
EY3.76%
EPS(NY)28.22
Fwd EY4.79%
FCF(TTM)23.06
FCFY3.91%
OCF(TTM)28.35
OCFY4.81%
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 | 6.5 |
F-Score7
WACC10.34%
ROIC/WACC2.51
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 Year15.04%
Revenue Next 2Y12.26%
Revenue Next 3Y12.47%
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%