ASML HOLDING NV (ASME.DE) Stock Fundamental Analysis

Europe • Frankfurt Stock Exchange • FRA:ASME • NL0010273215

1193.2 EUR
+44 (+3.83%)
Last: Feb 6, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

6

ASME gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 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 is quite expensive at the moment. It does show a decent growth rate. This makes ASME very considerable 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.
  • ASME had positive earnings in each of the past 5 years.
  • ASME had a positive operating cash flow in each of the past 5 years.
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 2025 2B 4B 6B 8B 10B

1.2 Ratios

  • The Return On Assets of ASME (20.71%) is better than 88.89% of its industry peers.
  • ASME has a better Return On Equity (47.39%) than 88.89% of its industry peers.
  • ASME has a Return On Invested Capital of 32.62%. This is amongst the best in the industry. ASME outperforms 88.89% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital 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 2025 20 40 60

1.3 Margins

  • The Profit Margin of ASME (31.73%) is better than 85.71% of its industry peers.
  • In the last couple of years the Profit Margin of ASME has grown nicely.
  • The Operating Margin of ASME (37.74%) is better than 87.30% of its industry peers.
  • In the last couple of years the Operating Margin of ASME has grown nicely.
  • 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.
  • In the last couple of years the Gross Margin of ASME has grown nicely.
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 2025 10 20 30 40 50

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ROAROEROICOperating and Profit MarginShow most profitable peers

7

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), ASME is creating value.
  • ASME has a better debt/assets ratio than last year.
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 2025 10B 20B 30B 40B 50B

2.2 Solvency

  • An Altman-Z score of 11.91 indicates that ASME is not in any danger for bankruptcy at the moment.
  • With an excellent Altman-Z score value of 11.91, ASME belongs to the best of the industry, outperforming 80.95% of the companies in the same industry.
  • The Debt to FCF ratio of ASME is 0.51, which is an excellent value as it means it would take ASME, only 0.51 years of fcf income to pay off 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 (0.17) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.17
Debt/FCF 0.51
Altman-Z 11.91
ROIC/WACC3.02
WACC10.79%
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 2025 5B 10B 15B

2.3 Liquidity

  • ASME has a Current Ratio of 1.41. This is a normal value and indicates that ASME is financially healthy and should not expect problems in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 1.41, ASME is doing worse than 92.06% of the companies in the same industry.
  • ASME has a Quick Ratio of 1.41. This is a bad value and indicates that ASME is not financially healthy enough and could expect problems in meeting its short term obligations.
  • ASME has a Quick ratio of 0.79. This is amonst the worse of the industry: ASME underperforms 90.48% of its industry peers.
  • ASME 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 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 2025 10B 20B 30B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 27.44% over the past year.
  • The Earnings Per Share has been growing by 23.66% on average over the past years. This is a very strong growth
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.
  • ASME is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 10.80% yearly.
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

  • The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in 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

More info and screens

Find the best growth stocksShow best growing peers

2

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 48.66, 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 expensively when we compare the Price/Earnings ratio to 27.92, which is the current average of the S&P500 Index.
  • Based on the Price/Forward Earnings ratio of 43.66, the valuation of ASME can be described as expensive.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of ASME indicates a slightly more expensive valuation: ASME is more expensive than 73.02% of the companies listed in the same industry.
  • ASME's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 27.78.
Industry RankSector Rank
PE 48.66
Fwd PE 43.66
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

  • ASME's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. ASME is more expensive than 65.08% of the companies in the same industry.
  • ASME's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 49.8
EV/EBITDA 33.16
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)4.25
PEG (5Y)2.06
EPS Next 2Y18.51%
EPS Next 3Y16.04%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. Dividend

5.1 Amount

  • ASME has a yearly dividend return of 0.65%, which is pretty low.
  • Compared to an average industry Dividend Yield of 0.83, ASME pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.81, ASME's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.65%

5.2 History

  • The dividend of ASME is nicely growing with an annual growth rate of 14.78%!
Dividend Growth(5Y)14.78%
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

  • ASME pays out 24.55% of its income as dividend. This is a sustainable payout ratio.
  • The dividend of ASME is growing around the same rate as the earnings are growing. If this keeps up 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 2025 2B 4B 6B 8B 10B
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 (2/6/2026, 7:00:00 PM)

1193.2

+44 (+3.83%)

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 Cap463.14B
Revenue(TTM)N/A
Net Income(TTM)10.20B
Analysts77.5
Price Target1348.03 (12.98%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.65%
Yearly Dividend6.28
Dividend Growth(5Y)14.78%
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 48.66
Fwd PE 43.66
P/S 14.4
P/FCF 49.8
P/OCF 37.36
P/B 21.51
P/tB 39.32
EV/EBITDA 33.16
EPS(TTM)24.52
EY2.05%
EPS(NY)27.33
Fwd EY2.29%
FCF(TTM)23.96
FCFY2.01%
OCF(TTM)31.94
OCFY2.68%
SpS82.86
BVpS55.47
TBVpS30.34
PEG (NY)4.25
PEG (5Y)2.06
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 11.91
F-Score8
WACC10.79%
ROIC/WACC3.02
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 48.66 and the Price/Book (PB) ratio is 21.51.


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%.