ASML HOLDING NV (ASME.DE) Stock Fundamental Analysis

Europe • Frankfurt Stock Exchange • FRA:ASME • NL0010273215

1140.8 EUR
-83.6 (-6.83%)
Last: Feb 4, 2026, 07:00 PM
Fundamental Rating

6

Overall ASME gets a fundamental rating of 6 out of 10. We evaluated ASME against 63 industry peers in the Semiconductors & Semiconductor Equipment industry. ASME gets an excellent profitability rating and is at the same time showing great financial health properties. ASME is quite expensive at the moment. It does show a decent growth rate. These ratings would make ASME suitable for quality investing!


Dividend Valuation Growth Profitability Health

9

1. Profitability

1.1 Basic Checks

  • ASME had positive earnings in the past year.
  • ASME had a positive operating cash flow in the past year.
  • Of the past 5 years ASME 4 years were profitable.
  • Of the past 5 years ASME 4 years had a positive operating cash flow.
ASME.DE Yearly Net Income VS EBIT VS OCF VS FCFASME.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B

1.2 Ratios

  • ASME has a better Return On Assets (20.71%) than 88.89% of its industry peers.
  • ASME's Return On Equity of 47.39% is amongst the best of the industry. ASME outperforms 88.89% of its industry peers.
  • The Return On Invested Capital of ASME (32.62%) is better than 88.89% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for ASME is significantly above the industry average of 15.01%.
  • The 3 year average ROIC (27.67%) for ASME is below the current ROIC(32.62%), indicating increased profibility in the last year.
Industry RankSector 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%
ASME.DE Yearly ROA, ROE, ROICASME.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40 50

1.3 Margins

  • Looking at the Profit Margin, with a value of 31.73%, ASME belongs to the top of the industry, outperforming 85.71% of the companies in the same industry.
  • In the last couple of years the Profit Margin of ASME has grown nicely.
  • Looking at the Operating Margin, with a value of 37.74%, ASME belongs to the top of the industry, outperforming 87.30% of the companies in the same industry.
  • In the last couple of years the Operating Margin of ASME has grown nicely.
  • ASME has a better Gross Margin (51.93%) than 65.08% of its industry peers.
  • ASME's Gross Margin has improved in the last couple of years.
Industry RankSector 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%
ASME.DE Yearly Profit, Operating, Gross MarginsASME.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40 50

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7

2. Health

2.1 Basic Checks

  • ASME has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
  • There is no outstanding debt for ASME. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
ASME.DE Yearly Shares OutstandingASME.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M
ASME.DE Yearly Total Debt VS Total AssetsASME.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B 40B 50B

2.2 Solvency

  • An Altman-Z score of 12.25 indicates that ASME is not in any danger for bankruptcy at the moment.
  • With a decent Altman-Z score value of 12.25, ASME is doing good in the industry, outperforming 77.78% of the companies in the same industry.
  • ASME 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.
  • ASME's Debt to FCF ratio of 0.51 is amongst the best of the industry. ASME outperforms 84.13% of its industry peers.
  • ASME has a Debt/Equity ratio of 0.17. This is a healthy value indicating a solid balance between debt and equity.
  • ASME has a Debt to Equity ratio of 0.17. This is comparable to the rest of the industry: ASME outperforms 58.73% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.17
Debt/FCF 0.51
Altman-Z 12.25
ROIC/WACC3.03
WACC10.76%
ASME.DE Yearly LT Debt VS Equity VS FCFASME.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B 20B

2.3 Liquidity

  • A Current Ratio of 1.41 indicates that ASME should not have too much problems paying its short term obligations.
  • ASME's Current ratio of 1.41 is on the low side compared to the rest of the industry. ASME is outperformed by 92.06% of its industry peers.
  • A Quick Ratio of 0.79 indicates that ASME may have some problems paying its short term obligations.
  • ASME has a worse Quick ratio (0.79) than 90.48% 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 RankSector Rank
Current Ratio 1.41
Quick Ratio 0.79
ASME.DE Yearly Current Assets VS Current LiabilitesASME.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B

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5

3. Growth

3.1 Past

  • ASME shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 27.44%, which is quite impressive.
  • Measured over the past years, ASME shows a very strong growth in Earnings Per Share. The EPS has been growing by 23.66% on average per year.
EPS 1Y (TTM)27.44%
EPS 3Y20.08%
EPS 5Y23.66%
EPS Q2Q%4.39%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%1.88%

3.2 Future

  • The Earnings Per Share is expected to grow by 17.17% on average over the next years. This is quite good.
  • Based on estimates for the next years, ASME will show a quite strong growth in Revenue. The Revenue will grow by 10.80% on average per year.
EPS Next Y11.45%
EPS Next 2Y18.51%
EPS Next 3Y16.04%
EPS Next 5Y17.17%
Revenue Next Year4.75%
Revenue Next 2Y9.75%
Revenue Next 3Y9.98%
Revenue Next 5Y10.8%

3.3 Evolution

  • Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
ASME.DE Yearly Revenue VS EstimatesASME.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 20B 40B 60B
ASME.DE Yearly EPS VS EstimatesASME.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 20 40 60

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2

4. Valuation

4.1 Price/Earnings Ratio

  • ASME is valuated quite expensively with a Price/Earnings ratio of 46.53.
  • ASME's Price/Earnings ratio is a bit more expensive when compared to the industry. ASME is more expensive than 60.32% of the companies in the same industry.
  • ASME's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 28.25.
  • Based on the Price/Forward Earnings ratio of 41.75, the valuation of ASME can be described as expensive.
  • Based on the Price/Forward Earnings ratio, ASME is valued a bit more expensive than the industry average as 76.19% of the companies are valued more cheaply.
  • ASME is valuated expensively when we compare the Price/Forward Earnings ratio to 27.50, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 46.53
Fwd PE 41.75
ASME.DE Price Earnings VS Forward Price EarningsASME.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ASME indicates a slightly more expensive valuation: ASME is more expensive than 65.08% of the companies listed in the same industry.
  • ASME's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 47.61
EV/EBITDA 34.34
ASME.DE Per share dataASME.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • ASME has an outstanding profitability rating, which may justify a higher PE ratio.
  • A more expensive valuation may be justified as ASME's earnings are expected to grow with 16.04% in the coming years.
PEG (NY)4.06
PEG (5Y)1.97
EPS Next 2Y18.51%
EPS Next 3Y16.04%

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4

5. Dividend

5.1 Amount

  • ASME has a yearly dividend return of 0.63%, which is pretty low.
  • Compared to an average industry Dividend Yield of 0.78, ASME pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.82, ASME's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.63%

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
ASME.DE Yearly Dividends per shareASME.DE Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 2026 2 4 6

5.3 Sustainability

  • 24.55% of the earnings are spent on dividend by ASME. This is a low number and sustainable payout ratio.
  • ASME's earnings are growing around the same pace than its dividend. As long as the earnings growth is kept the dividend growth is sustainable.
DP24.55%
EPS Next 2Y18.51%
EPS Next 3Y16.04%
ASME.DE Yearly Income VS Free CF VS DividendASME.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B
ASME.DE Dividend Payout.ASME.DE Dividend Payout, showing the Payout Ratio.ASME.DE Dividend Payout.PayoutRetained Earnings

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ASML HOLDING NV

FRA:ASME (2/4/2026, 7:00:00 PM)

1140.8

-83.6 (-6.83%)

Chartmill FA Rating
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)01-28
Earnings (Next)04-15
Inst Owners44.3%
Inst Owner ChangeN/A
Ins Owners0.01%
Ins Owner ChangeN/A
Market Cap442.80B
Revenue(TTM)N/A
Net Income(TTM)10.20B
Analysts77.5
Price Target1058.74 (-7.19%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.63%
Yearly Dividend6.24
Dividend Growth(5Y)14.61%
DP24.55%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
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)6.31%
PT rev (3m)13.23%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0.42%
EPS NY rev (3m)4.51%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.21%
Valuation
Industry RankSector Rank
PE 46.53
Fwd PE 41.75
P/S 13.77
P/FCF 47.61
P/OCF 35.72
P/B 20.57
P/tB 37.6
EV/EBITDA 34.34
EPS(TTM)24.52
EY2.15%
EPS(NY)27.33
Fwd EY2.4%
FCF(TTM)23.96
FCFY2.1%
OCF(TTM)31.94
OCFY2.8%
SpS82.86
BVpS55.47
TBVpS30.34
PEG (NY)4.06
PEG (5Y)1.97
Graham Number174.94
Profitability
Industry RankSector 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 RankSector 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 12.25
F-Score8
WACC10.76%
ROIC/WACC3.03
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)27.44%
EPS 3Y20.08%
EPS 5Y23.66%
EPS Q2Q%4.39%
EPS Next Y11.45%
EPS Next 2Y18.51%
EPS Next 3Y16.04%
EPS Next 5Y17.17%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%1.88%
Revenue Next Year4.75%
Revenue Next 2Y9.75%
Revenue Next 3Y9.98%
Revenue Next 5Y10.8%
EBIT growth 1Y40.28%
EBIT growth 3Y13.31%
EBIT growth 5Y29.61%
EBIT Next Year39.88%
EBIT Next 3Y21.29%
EBIT Next 5Y19.19%
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 / ASME.DE FAQ

What is the fundamental rating for ASME stock?

ChartMill assigns a fundamental rating of 6 / 10 to ASME.DE.


Can you provide the valuation status for ASML HOLDING NV?

ChartMill assigns a valuation rating of 2 / 10 to ASML HOLDING NV (ASME.DE). This can be considered as Overvalued.


Can you provide the profitability details for ASML HOLDING NV?

ASML HOLDING NV (ASME.DE) has a profitability rating of 9 / 10.


What is the valuation of ASML HOLDING NV based on its PE and PB ratios?

The Price/Earnings (PE) ratio for ASML HOLDING NV (ASME.DE) is 46.53 and the Price/Book (PB) ratio is 20.57.


Is the dividend of ASML HOLDING NV sustainable?

The dividend rating of ASML HOLDING NV (ASME.DE) is 4 / 10 and the dividend payout ratio is 24.55%.