ASML HOLDING NV (ASML.AS)
NL0010273215 - Common Stock
Overall ASML gets a fundamental rating of 7 out of 10. We evaluated ASML against 54 industry peers in the Semiconductors & Semiconductor Equipment industry. ASML gets an excellent profitability rating and is at the same time showing great financial health properties. ASML shows excellent growth, but is valued quite expensive already. These ratings would make ASML suitable for growth and quality investing!
1. Profitability
1.1 Basic Checks
In the past year ASML was profitable.
ASML had a positive operating cash flow in the past year.
ASML had positive earnings in each of the past 5 years.
Each year in the past 5 years ASML had a positive operating cash flow.
1.2 Ratios
ASML has a Return On Assets of 16.75%. This is in the better half of the industry: ASML outperforms 72.22% of its industry peers.
ASML has a Return On Equity of 41.56%. This is amongst the best in the industry. ASML outperforms 88.89% of its industry peers.
With an excellent Return On Invested Capital value of 25.97%, ASML belongs to the best of the industry, outperforming 85.19% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for ASML is significantly above the industry average of 17.26%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 16.75% | ||
| ROE | 41.56% | ||
| ROIC | 25.97% |
ROA(3y)18.13%
ROA(5y)15.59%
ROE(3y)52.84%
ROE(5y)40.26%
ROIC(3y)29.48%
ROIC(5y)23.28%
1.3 Margins
With an excellent Profit Margin value of 29.16%, ASML belongs to the best of the industry, outperforming 88.89% of the companies in the same industry.
In the last couple of years the Profit Margin of ASML has grown nicely.
With an excellent Operating Margin value of 34.01%, ASML belongs to the best of the industry, outperforming 83.33% of the companies in the same industry.
In the last couple of years the Operating Margin of ASML has grown nicely.
With a decent Gross Margin value of 50.63%, ASML is doing good in the industry, outperforming 68.52% of the companies in the same industry.
In the last couple of years the Gross Margin of ASML has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 34.01% | ||
| PM (TTM) | 29.16% | ||
| GM | 50.63% |
OM growth 3Y4.37%
OM growth 5Y5.55%
PM growth 3Y3.65%
PM growth 5Y5%
GM growth 3Y3.14%
GM growth 5Y3%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), ASML is creating value.
ASML has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, ASML has less shares outstanding
ASML has a better debt/assets ratio than last year.
2.2 Solvency
ASML has an Altman-Z score of 8.22. This indicates that ASML is financially healthy and has little risk of bankruptcy at the moment.
ASML's Altman-Z score of 8.22 is amongst the best of the industry. ASML outperforms 83.33% of its industry peers.
ASML has a debt to FCF ratio of 1.54. This is a very positive value and a sign of high solvency as it would only need 1.54 years to pay back of all of its debts.
ASML has a better Debt to FCF ratio (1.54) than 70.37% of its industry peers.
ASML has a Debt/Equity ratio of 0.26. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of ASML (0.26) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.26 | ||
| Debt/FCF | 1.54 | ||
| Altman-Z | 8.22 |
ROIC/WACC2.12
WACC12.25%
2.3 Liquidity
ASML has a Current Ratio of 1.50. This is a normal value and indicates that ASML is financially healthy and should not expect problems in meeting its short term obligations.
With a Current ratio value of 1.50, ASML is not doing good in the industry: 79.63% of the companies in the same industry are doing better.
ASML has a Quick Ratio of 1.50. This is a bad value and indicates that ASML is not financially healthy enough and could expect problems in meeting its short term obligations.
ASML has a Quick ratio of 0.82. This is amonst the worse of the industry: ASML underperforms 87.04% of its industry peers.
The current and quick ratio evaluation for ASML 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 | 1.5 | ||
| Quick Ratio | 0.82 |
3. Growth
3.1 Past
The earnings per share for ASML have decreased by -8.76% in the last year.
ASML shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 26.71% yearly.
ASML shows a strong growth in Revenue. In the last year, the Revenue has grown by 30.16%.
ASML shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 20.29% yearly.
EPS 1Y (TTM)-8.76%
EPS 3Y32.87%
EPS 5Y26.71%
EPS Q2Q%9.77%
Revenue 1Y (TTM)30.16%
Revenue growth 3Y25.39%
Revenue growth 5Y20.29%
Sales Q2Q%11.9%
3.2 Future
Based on estimates for the next years, ASML will show a quite strong growth in Earnings Per Share. The EPS will grow by 15.45% on average per year.
ASML is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 10.33% yearly.
EPS Next Y-2.53%
EPS Next 2Y11.54%
EPS Next 3Y15.48%
EPS Next 5Y15.45%
Revenue Next Year2.37%
Revenue Next 2Y9.16%
Revenue Next 3Y10.69%
Revenue Next 5Y10.33%
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
A Price/Earnings ratio of 39.12 indicates a quite expensive valuation of ASML.
ASML's Price/Earnings ratio is a bit more expensive when compared to the industry. ASML is more expensive than 64.81% of the companies in the same industry.
ASML's Price/Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 27.54.
With a Price/Forward Earnings ratio of 27.82, ASML can be considered very expensive at the moment.
Based on the Price/Forward Earnings ratio, ASML is valued a bit more expensive than the industry average as 62.96% of the companies are valued more cheaply.
The average S&P500 Price/Forward Earnings ratio is at 23.99. ASML is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 39.12 | ||
| Fwd PE | 27.82 |
4.2 Price Multiples
ASML's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. ASML is more expensive than 66.67% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of ASML is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 91.95 | ||
| EV/EBITDA | 28.08 |
4.3 Compensation for Growth
ASML has an outstanding profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as ASML's earnings are expected to grow with 15.48% in the coming years.
PEG (NY)N/A
PEG (5Y)1.46
EPS Next 2Y11.54%
EPS Next 3Y15.48%
5. Dividend
5.1 Amount
ASML has a yearly dividend return of 0.90%, which is pretty low.
ASML's Dividend Yield is comparable with the industry average which is at 1.40.
With a Dividend Yield of 0.90, ASML pays less dividend than the S&P500 average, which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.9% |
5.2 History
The dividend of ASML is nicely growing with an annual growth rate of 33.46%!
Dividend Growth(5Y)33.46%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
32.36% of the earnings are spent on dividend by ASML. This is a low number and sustainable payout ratio.
The dividend of ASML is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP32.36%
EPS Next 2Y11.54%
EPS Next 3Y15.48%
ASML HOLDING NV
AMS:ASML (12/24/2024, 7:00:00 PM)
688.5
+4.7 (+0.69%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners52.27%
Inst Owner ChangeN/A
Ins Owners0.01%
Ins Owner ChangeN/A
Market Cap275.11B
Analysts80
Price Target860.7 (25.01%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.9% |
Dividend Growth(5Y)33.46%
DP32.36%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)8.48%
Min EPS beat(2)6.55%
Max EPS beat(2)10.42%
EPS beat(4)4
Avg EPS beat(4)6.7%
Min EPS beat(4)2.72%
Max EPS beat(4)10.42%
EPS beat(8)8
Avg EPS beat(8)8.9%
EPS beat(12)12
Avg EPS beat(12)8.65%
EPS beat(16)15
Avg EPS beat(16)10.23%
Revenue beat(2)1
Avg Revenue beat(2)-1.18%
Min Revenue beat(2)-3.8%
Max Revenue beat(2)1.44%
Revenue beat(4)2
Avg Revenue beat(4)-0.53%
Min Revenue beat(4)-3.8%
Max Revenue beat(4)2.74%
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)-1.35%
PT rev (3m)-20.56%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-2.7%
EPS NY rev (1m)0%
EPS NY rev (3m)1.09%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.01%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.6%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 39.12 | ||
| Fwd PE | 27.82 | ||
| P/S | 10.81 | ||
| P/FCF | 91.95 | ||
| P/OCF | 44.92 | ||
| P/B | 15.41 | ||
| P/tB | 30.85 | ||
| EV/EBITDA | 28.08 |
EPS(TTM)17.6
EY2.56%
EPS(NY)24.74
Fwd EY3.59%
FCF(TTM)7.49
FCFY1.09%
OCF(TTM)15.33
OCFY2.23%
SpS63.67
BVpS44.68
TBVpS22.32
PEG (NY)N/A
PEG (5Y)1.46
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 16.75% | ||
| ROE | 41.56% | ||
| ROCE | 30.74% | ||
| ROIC | 25.97% | ||
| ROICexc | 31.6% | ||
| ROICexgc | 51.5% | ||
| OM | 34.01% | ||
| PM (TTM) | 29.16% | ||
| GM | 50.63% | ||
| FCFM | 11.76% |
ROA(3y)18.13%
ROA(5y)15.59%
ROE(3y)52.84%
ROE(5y)40.26%
ROIC(3y)29.48%
ROIC(5y)23.28%
ROICexc(3y)44.3%
ROICexc(5y)34.53%
ROICexgc(3y)99.52%
ROICexgc(5y)75.22%
ROCE(3y)34.89%
ROCE(5y)27.56%
ROICexcg growth 3Y14.86%
ROICexcg growth 5Y14.44%
ROICexc growth 3Y19.08%
ROICexc growth 5Y18.21%
OM growth 3Y4.37%
OM growth 5Y5.55%
PM growth 3Y3.65%
PM growth 5Y5%
GM growth 3Y3.14%
GM growth 5Y3%
F-Score6
Asset Turnover0.57
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.26 | ||
| Debt/FCF | 1.54 | ||
| Debt/EBITDA | 0.47 | ||
| Cap/Depr | 279.36% | ||
| Cap/Sales | 12.31% | ||
| Interest Coverage | 51.88 | ||
| Cash Conversion | 62.66% | ||
| Profit Quality | 40.33% | ||
| Current Ratio | 1.5 | ||
| Quick Ratio | 0.82 | ||
| Altman-Z | 8.22 |
F-Score6
WACC12.25%
ROIC/WACC2.12
Cap/Depr(3y)246.99%
Cap/Depr(5y)212.26%
Cap/Sales(3y)10.19%
Cap/Sales(5y)10.45%
Profit Quality(3y)105.74%
Profit Quality(5y)102.48%
High Growth Momentum
Growth
EPS 1Y (TTM)-8.76%
EPS 3Y32.87%
EPS 5Y26.71%
EPS Q2Q%9.77%
EPS Next Y-2.53%
EPS Next 2Y11.54%
EPS Next 3Y15.48%
EPS Next 5Y15.45%
Revenue 1Y (TTM)30.16%
Revenue growth 3Y25.39%
Revenue growth 5Y20.29%
Sales Q2Q%11.9%
Revenue Next Year2.37%
Revenue Next 2Y9.16%
Revenue Next 3Y10.69%
Revenue Next 5Y10.33%
EBIT growth 1Y-4.96%
EBIT growth 3Y30.87%
EBIT growth 5Y26.96%
EBIT Next Year9.39%
EBIT Next 3Y17.64%
EBIT Next 5Y17.39%
FCF growth 1Y-67.69%
FCF growth 3Y-2.7%
FCF growth 5Y6.05%
OCF growth 1Y-44.62%
OCF growth 3Y7.19%
OCF growth 5Y14.18%