ASML HOLDING NV (ASME.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:ASME - NL0010273215 - Common Stock
835.5 EUR
-54.8 (-6.16%)
We assign a fundamental rating of 7 out of 10 to ASME. ASME was compared to 63 industry peers in the Semiconductors & Semiconductor Equipment industry. Both the health and profitability get an excellent rating, making ASME a very profitable company, without any liquidiy or solvency issues. ASME shows excellent growth, but is valued quite expensive already. This makes ASME very considerable for growth and quality investing!
1. Profitability
1.1 Basic Checks
In the past year ASME was profitable.
ASME had a positive operating cash flow in the past year.
Each year in the past 5 years ASME has been profitable.
In the past 5 years ASME always reported a positive cash flow from operatings.
1.2 Ratios
ASME's Return On Assets of 20.71% is amongst the best of the industry. ASME outperforms 90.48% of its industry peers.
ASME has a better Return On Equity (47.39%) than 90.48% of its industry peers.
The Return On Invested Capital of ASME (32.62%) is better than 92.06% of its industry peers.
ASME had an Average Return On Invested Capital over the past 3 years of 27.67%. This is significantly above the industry average of 14.81%.
The last Return On Invested Capital (32.62%) for ASME is above the 3 year average (27.67%), which is a sign of increasing profitability.
| Industry Rank | Sector 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%
1.3 Margins
ASME's Profit Margin of 31.73% is amongst the best of the industry. ASME outperforms 90.48% of its industry peers.
In the last couple of years the Profit Margin of ASME has grown nicely.
ASME has a better Operating Margin (37.74%) than 87.30% of its industry peers.
ASME's Operating Margin has improved in the last couple of years.
With a decent Gross Margin value of 51.93%, ASME is doing good in the industry, outperforming 65.08% of the companies in the same industry.
ASME's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector 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%
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.
ASME has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, ASME has less shares outstanding
Compared to 1 year ago, ASME has an improved debt to assets ratio.
2.2 Solvency
ASME has an Altman-Z score of 9.74. This indicates that ASME is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of ASME (9.74) is better than 71.43% of its industry peers.
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.
Looking at the Debt to FCF ratio, with a value of 0.51, ASME belongs to the top of the industry, outperforming 84.13% of the companies in the same industry.
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 in the better half of the industry: ASME outperforms 63.49% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.17 | ||
| Debt/FCF | 0.51 | ||
| Altman-Z | 9.74 |
ROIC/WACC3.34
WACC9.76%
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 87.30% of its industry peers.
A Quick Ratio of 0.79 indicates that ASME may have some problems paying its short term obligations.
The Quick ratio of ASME (0.79) is worse than 84.13% 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 | 1.41 | ||
| Quick Ratio | 0.79 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 37.61% over the past year.
Measured over the past years, ASME shows a very strong growth in Earnings Per Share. The EPS has been growing by 25.62% on average per year.
The Revenue has been growing slightly by 2.56% in the past year.
The Revenue has been growing by 19.05% on average over the past years. This is quite good.
EPS 1Y (TTM)37.61%
EPS 3Y10.24%
EPS 5Y25.62%
EPS Q2Q%3.79%
Revenue 1Y (TTM)2.56%
Revenue growth 3Y14.94%
Revenue growth 5Y19.05%
Sales Q2Q%0.65%
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 18.31% yearly.
ASME is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 11.71% yearly.
EPS Next Y30.06%
EPS Next 2Y16.65%
EPS Next 3Y19.07%
EPS Next 5Y18.31%
Revenue Next Year16.78%
Revenue Next 2Y10.26%
Revenue Next 3Y11.51%
Revenue Next 5Y11.71%
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 34.50, ASME can be considered very expensive at the moment.
The rest of the industry has a similar Price/Earnings ratio as ASME.
ASME is valuated rather expensively when we compare the Price/Earnings ratio to 25.45, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 31.91, the valuation of ASME can be described as expensive.
ASME's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. ASME is more expensive than 61.90% of the companies in the same industry.
ASME is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 34.46, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 34.5 | ||
| Fwd PE | 31.91 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ASME is valued a bit more expensive than the industry average as 61.90% of the companies are valued more cheaply.
68.25% of the companies in the same industry are more expensive than ASME, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 34.87 | ||
| EV/EBITDA | 25.65 |
4.3 Compensation for Growth
ASME's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The excellent profitability rating of ASME may justify a higher PE ratio.
A more expensive valuation may be justified as ASME's earnings are expected to grow with 19.07% in the coming years.
PEG (NY)1.15
PEG (5Y)1.35
EPS Next 2Y16.65%
EPS Next 3Y19.07%
5. Dividend
5.1 Amount
ASME has a yearly dividend return of 0.74%, which is pretty low.
With a Dividend Yield of 0.74, ASME pays less dividend than the S&P500 average, which is at 2.45.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.74% |
5.2 History
On average, the dividend of ASME grows each year by 14.61%, which is quite nice.
Dividend Growth(5Y)14.61%
Div Incr Years1
Div Non Decr Years1
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 more than its dividend. This makes the dividend growth sustainable.
DP24.55%
EPS Next 2Y16.65%
EPS Next 3Y19.07%
FRA:ASME (11/21/2025, 7:00:00 PM)
835.5
-54.8 (-6.16%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners43.25%
Inst Owner ChangeN/A
Ins Owners0.02%
Ins Owner ChangeN/A
Market Cap324.30B
Revenue(TTM)28.26B
Net Income(TTM)10.20B
Analysts76.59
Price Target947.2 (13.37%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.74% |
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)20.87%
PT rev (3m)23.76%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-0.12%
EPS NY rev (1m)3.13%
EPS NY rev (3m)4.52%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.81%
Revenue NY rev (1m)0.27%
Revenue NY rev (3m)0.78%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 34.5 | ||
| Fwd PE | 31.91 | ||
| P/S | 10.08 | ||
| P/FCF | 34.87 | ||
| P/OCF | 26.16 | ||
| P/B | 15.06 | ||
| P/tB | 27.53 | ||
| EV/EBITDA | 25.65 |
EPS(TTM)24.22
EY2.9%
EPS(NY)26.18
Fwd EY3.13%
FCF(TTM)23.96
FCFY2.87%
OCF(TTM)31.94
OCFY3.82%
SpS82.86
BVpS55.47
TBVpS30.34
PEG (NY)1.15
PEG (5Y)1.35
Graham Number173.87
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 9.74 |
F-Score8
WACC9.76%
ROIC/WACC3.34
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)37.61%
EPS 3Y10.24%
EPS 5Y25.62%
EPS Q2Q%3.79%
EPS Next Y30.06%
EPS Next 2Y16.65%
EPS Next 3Y19.07%
EPS Next 5Y18.31%
Revenue 1Y (TTM)2.56%
Revenue growth 3Y14.94%
Revenue growth 5Y19.05%
Sales Q2Q%0.65%
Revenue Next Year16.78%
Revenue Next 2Y10.26%
Revenue Next 3Y11.51%
Revenue Next 5Y11.71%
EBIT growth 1Y40.28%
EBIT growth 3Y13.31%
EBIT growth 5Y29.61%
EBIT Next Year34.32%
EBIT Next 3Y18.15%
EBIT Next 5Y18.27%
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 7 / 10 to ASME.DE.
What is the valuation status of ASML HOLDING NV (ASME.DE) stock?
ChartMill assigns a valuation rating of 3 / 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.
Can you provide the financial health for ASME stock?
The financial health rating of ASML HOLDING NV (ASME.DE) is 8 / 10.
Can you provide the dividend sustainability for ASME stock?
The dividend rating of ASML HOLDING NV (ASME.DE) is 4 / 10 and the dividend payout ratio is 24.55%.