ASML HOLDING NV (ASML.AS) Stock Fundamental Analysis
Europe - Euronext Amsterdam - AMS:ASML - NL0010273215 - Common Stock
925.3 EUR
-15.6 (-1.66%)
We assign a fundamental rating of 7 out of 10 to ASML. ASML was compared to 67 industry peers in the Semiconductors & Semiconductor Equipment industry. ASML has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. ASML shows excellent growth, but is valued quite expensive already. This makes ASML very considerable for growth and quality investing!
1. Profitability
1.1 Basic Checks
ASML had positive earnings in the past year.
ASML had a positive operating cash flow in the past year.
Each year in the past 5 years ASML has been profitable.
Each year in the past 5 years ASML had a positive operating cash flow.
1.2 Ratios
ASML has a better Return On Assets (20.71%) than 90.77% of its industry peers.
ASML has a better Return On Equity (47.39%) than 90.77% of its industry peers.
Looking at the Return On Invested Capital, with a value of 32.62%, ASML belongs to the top of the industry, outperforming 92.31% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for ASML is significantly above the industry average of 15.14%.
The 3 year average ROIC (27.67%) for ASML is below the current ROIC(32.62%), indicating increased profibility in the last year.
| 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
ASML has a Profit Margin of 31.73%. This is amongst the best in the industry. ASML outperforms 90.77% of its industry peers.
ASML's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 37.74%, ASML belongs to the top of the industry, outperforming 89.23% of the companies in the same industry.
In the last couple of years the Operating Margin of ASML has grown nicely.
ASML has a Gross Margin of 51.93%. This is in the better half of the industry: ASML outperforms 66.15% of its industry peers.
ASML'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
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), ASML is creating value.
ASML has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, ASML has less shares outstanding
Compared to 1 year ago, ASML has an improved debt to assets ratio.
2.2 Solvency
ASML has an Altman-Z score of 10.16. This indicates that ASML is financially healthy and has little risk of bankruptcy at the moment.
ASML has a Altman-Z score of 10.16. This is in the better half of the industry: ASML outperforms 72.31% of its industry peers.
The Debt to FCF ratio of ASML is 0.51, which is an excellent value as it means it would take ASML, only 0.51 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of ASML (0.51) is better than 84.62% of its industry peers.
A Debt/Equity ratio of 0.17 indicates that ASML is not too dependend on debt financing.
With a decent Debt to Equity ratio value of 0.17, ASML is doing good in the industry, outperforming 63.08% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.17 | ||
| Debt/FCF | 0.51 | ||
| Altman-Z | 10.16 |
ROIC/WACC3.03
WACC10.78%
2.3 Liquidity
A Current Ratio of 1.41 indicates that ASML should not have too much problems paying its short term obligations.
The Current ratio of ASML (1.41) is worse than 87.69% of its industry peers.
ASML has a Quick Ratio of 1.41. This is a bad value and indicates that ASML is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of ASML (0.79) is worse than 84.62% of its industry peers.
ASML 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 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.
ASML 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, ASML shows a small growth in Revenue. The Revenue has grown by 2.56% in the last year.
ASML shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 19.05% yearly.
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
ASML is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 18.67% yearly.
ASML is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 11.58% yearly.
EPS Next Y31.06%
EPS Next 2Y17.42%
EPS Next 3Y19.43%
EPS Next 5Y18.67%
Revenue Next Year16.7%
Revenue Next 2Y10.51%
Revenue Next 3Y11.83%
Revenue Next 5Y11.58%
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.
The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 38.20, ASML can be considered very expensive at the moment.
ASML's Price/Earnings ratio is in line with the industry average.
ASML's Price/Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 26.54.
A Price/Forward Earnings ratio of 34.88 indicates a quite expensive valuation of ASML.
67.69% of the companies in the same industry are cheaper than ASML, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 23.78. ASML is valued slightly more expensive when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 38.2 | ||
| Fwd PE | 34.88 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as ASML.
ASML's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. ASML is cheaper than 70.77% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 38.62 | ||
| EV/EBITDA | 27.11 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
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 19.43% in the coming years.
PEG (NY)1.23
PEG (5Y)1.49
EPS Next 2Y17.42%
EPS Next 3Y19.43%
5. Dividend
5.1 Amount
ASML has a yearly dividend return of 0.70%, which is pretty low.
ASML's Dividend Yield is a higher than the industry average which is at 0.86.
Compared to an average S&P500 Dividend Yield of 1.96, ASML's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.7% |
5.2 History
On average, the dividend of ASML 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 ASML. This is a low number and sustainable payout ratio.
The dividend of ASML is growing, but earnings are growing more, so the dividend growth is sustainable.
DP24.55%
EPS Next 2Y17.42%
EPS Next 3Y19.43%
AMS:ASML (12/12/2025, 7:00:00 PM)
925.3
-15.6 (-1.66%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners44.21%
Inst Owner ChangeN/A
Ins Owners0.01%
Ins Owner ChangeN/A
Market Cap359.16B
Revenue(TTM)28.26B
Net Income(TTM)10.20B
Analysts77.56
Price Target978.39 (5.74%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.7% |
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)4.43%
PT rev (3m)29.2%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-0.12%
EPS NY rev (1m)0.77%
EPS NY rev (3m)4.1%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.5%
Revenue NY rev (1m)-0.07%
Revenue NY rev (3m)0.74%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 38.2 | ||
| Fwd PE | 34.88 | ||
| P/S | 11.17 | ||
| P/FCF | 38.62 | ||
| P/OCF | 28.97 | ||
| P/B | 16.68 | ||
| P/tB | 30.49 | ||
| EV/EBITDA | 27.11 |
EPS(TTM)24.22
EY2.62%
EPS(NY)26.53
Fwd EY2.87%
FCF(TTM)23.96
FCFY2.59%
OCF(TTM)31.94
OCFY3.45%
SpS82.86
BVpS55.47
TBVpS30.34
PEG (NY)1.23
PEG (5Y)1.49
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 | 10.16 |
F-Score8
WACC10.78%
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)37.61%
EPS 3Y10.24%
EPS 5Y25.62%
EPS Q2Q%3.79%
EPS Next Y31.06%
EPS Next 2Y17.42%
EPS Next 3Y19.43%
EPS Next 5Y18.67%
Revenue 1Y (TTM)2.56%
Revenue growth 3Y14.94%
Revenue growth 5Y19.05%
Sales Q2Q%0.65%
Revenue Next Year16.7%
Revenue Next 2Y10.51%
Revenue Next 3Y11.83%
Revenue Next 5Y11.58%
EBIT growth 1Y40.28%
EBIT growth 3Y13.31%
EBIT growth 5Y29.61%
EBIT Next Year39.88%
EBIT Next 3Y21.29%
EBIT Next 5Y17.86%
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 / ASML.AS FAQ
Can you provide the ChartMill fundamental rating for ASML HOLDING NV?
ChartMill assigns a fundamental rating of 7 / 10 to ASML.AS.
What is the valuation status of ASML HOLDING NV (ASML.AS) stock?
ChartMill assigns a valuation rating of 3 / 10 to ASML HOLDING NV (ASML.AS). This can be considered as Overvalued.
How profitable is ASML HOLDING NV (ASML.AS) stock?
ASML HOLDING NV (ASML.AS) has a profitability rating of 9 / 10.
Can you provide the financial health for ASML stock?
The financial health rating of ASML HOLDING NV (ASML.AS) is 8 / 10.
How sustainable is the dividend of ASML HOLDING NV (ASML.AS) stock?
The dividend rating of ASML HOLDING NV (ASML.AS) is 5 / 10 and the dividend payout ratio is 24.55%.