ASML HOLDING NV (ASML.AS) Stock Fundamental Analysis
Europe - Euronext Amsterdam - AMS:ASML - NL0010273215 - Common Stock
908.6 EUR
-22.4 (-2.41%)
Taking everything into account, ASML scores 7 out of 10 in our fundamental rating. ASML was compared to 65 industry peers in the Semiconductors & Semiconductor Equipment industry. Both the health and profitability get an excellent rating, making ASML a very profitable company, without any liquidiy or solvency issues. ASML is valued quite expensively, but it does show have an excellent growth rating. This makes ASML very considerable for growth and quality investing!
1. Profitability
1.1 Basic Checks
ASML had positive earnings in the past year.
In the past year ASML had a positive cash flow from operations.
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
With an excellent Return On Assets value of 20.71%, ASML belongs to the best of the industry, outperforming 90.77% of the companies in the same industry.
ASML's Return On Equity of 47.39% is amongst the best of the industry. ASML outperforms 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.
Measured over the past 3 years, the Average Return On Invested Capital for ASML is significantly above the industry average of 14.14%.
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
With an excellent Profit Margin value of 31.73%, ASML belongs to the best of the industry, outperforming 90.77% 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 37.74%, ASML belongs to the best of the industry, outperforming 89.23% of the companies in the same industry.
ASML's Operating Margin has improved in the last couple of years.
ASML's Gross Margin of 51.93% is fine compared to the rest of the industry. ASML outperforms 69.23% of its industry peers.
In the last couple of years the Gross Margin of ASML has grown nicely.
| 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
ASML has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it 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
The debt/assets ratio for ASML has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 10.08 indicates that ASML is not in any danger for bankruptcy at the moment.
ASML has a Altman-Z score of 10.08. This is in the better half of the industry: ASML outperforms 75.38% 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.
ASML has a better Debt to FCF ratio (0.51) than 86.15% 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 61.54% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.17 | ||
| Debt/FCF | 0.51 | ||
| Altman-Z | 10.08 |
ROIC/WACC3.08
WACC10.6%
2.3 Liquidity
ASML has a Current Ratio of 1.41. 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 1.41, ASML is not doing good in the industry: 89.23% of the companies in the same industry are doing better.
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.
Looking at the Quick ratio, with a value of 0.79, ASML is doing worse than 86.15% of the companies in the same industry.
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 | 1.41 | ||
| Quick Ratio | 0.79 |
3. Growth
3.1 Past
ASML shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 37.61%, which is quite impressive.
Measured over the past years, ASML shows a very strong growth in Earnings Per Share. The EPS has been growing by 25.62% on average per year.
ASML shows a small growth in Revenue. In the last year, the Revenue has grown by 2.56%.
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
The Earnings Per Share is expected to grow by 18.67% on average over the next years. This is quite good.
The Revenue is expected to grow by 11.58% on average over the next years. This is quite good.
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
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in 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
A Price/Earnings ratio of 37.51 indicates a quite expensive valuation of ASML.
The rest of the industry has a similar Price/Earnings ratio as ASML.
The average S&P500 Price/Earnings ratio is at 26.43. ASML is valued slightly more expensive when compared to this.
A Price/Forward Earnings ratio of 34.25 indicates a quite expensive valuation of ASML.
ASML's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. ASML is more expensive than 70.77% of the companies in the same industry.
ASML's Price/Forward Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 23.66.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 37.51 | ||
| Fwd PE | 34.25 |
4.2 Price Multiples
ASML's Enterprise Value to EBITDA ratio is in line with the industry average.
Based on the Price/Free Cash Flow ratio, ASML is valued a bit cheaper than 67.69% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 37.92 | ||
| EV/EBITDA | 26.83 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The excellent profitability rating of ASML may justify a higher PE ratio.
ASML's earnings are expected to grow with 19.43% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.21
PEG (5Y)1.46
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.
Compared to an average industry Dividend Yield of 0.75, ASML pays a bit more dividend than its industry peers.
With a Dividend Yield of 0.70, ASML pays less dividend than the S&P500 average, which is at 1.87.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.7% |
5.2 History
The dividend of ASML is nicely growing with an annual growth rate of 14.61%!
Dividend Growth(5Y)14.61%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
ASML pays out 24.55% of its income as dividend. This is a sustainable payout ratio.
ASML's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP24.55%
EPS Next 2Y17.42%
EPS Next 3Y19.43%
AMS:ASML (12/16/2025, 7:00:00 PM)
908.6
-22.4 (-2.41%)
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 Cap352.67B
Revenue(TTM)28.26B
Net Income(TTM)10.20B
Analysts77.56
Price Target978.39 (7.68%)
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)28.89%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0.17%
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 | 37.51 | ||
| Fwd PE | 34.25 | ||
| P/S | 10.97 | ||
| P/FCF | 37.92 | ||
| P/OCF | 28.45 | ||
| P/B | 16.38 | ||
| P/tB | 29.94 | ||
| EV/EBITDA | 26.83 |
EPS(TTM)24.22
EY2.67%
EPS(NY)26.53
Fwd EY2.92%
FCF(TTM)23.96
FCFY2.64%
OCF(TTM)31.94
OCFY3.52%
SpS82.86
BVpS55.47
TBVpS30.34
PEG (NY)1.21
PEG (5Y)1.46
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 | 10.08 |
F-Score8
WACC10.6%
ROIC/WACC3.08
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%.