ASML HOLDING NV (ASML.AS) Stock Fundamental Analysis
Europe - Euronext Amsterdam - AMS:ASML - NL0010273215 - Common Stock
960.85 EUR
+3.55 (+0.37%)
ASML gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 62 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 is not priced too expensively while it is growing strongly. Keep and eye on this one! 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.
In the past 5 years ASML has always been profitable.
In the past 5 years ASML always reported a positive cash flow from operatings.
1.2 Ratios
ASML's Return On Assets of 20.71% is amongst the best of the industry. ASML outperforms 90.32% of its industry peers.
ASML's Return On Equity of 47.39% is amongst the best of the industry. ASML outperforms 90.32% of its industry peers.
ASML's Return On Invested Capital of 32.62% is amongst the best of the industry. ASML outperforms 91.94% of its industry peers.
The Average Return On Invested Capital over the past 3 years for ASML is significantly above the industry average of 14.81%.
The last Return On Invested Capital (32.62%) for ASML 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
ASML has a better Profit Margin (31.73%) than 91.94% of its industry peers.
ASML's Profit Margin has improved in the last couple of years.
With an excellent Operating Margin value of 37.74%, ASML belongs to the best of the industry, outperforming 87.10% of the companies in the same industry.
ASML's Operating Margin has improved in the last couple of years.
With a decent Gross Margin value of 51.93%, ASML is doing good in the industry, outperforming 67.74% 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 | 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.
The number of shares outstanding for ASML remains at a similar level compared to 1 year ago.
The number of shares outstanding for ASML has been reduced compared to 5 years ago.
ASML has a better debt/assets ratio than last year.
2.2 Solvency
ASML has an Altman-Z score of 10.30. This indicates that ASML is financially healthy and has little risk of bankruptcy at the moment.
ASML has a Altman-Z score of 10.30. This is in the better half of the industry: ASML outperforms 69.35% 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 87.10% of its industry peers.
A Debt/Equity ratio of 0.17 indicates that ASML is not too dependend on debt financing.
ASML has a Debt to Equity ratio of 0.17. This is in the better half of the industry: ASML outperforms 62.90% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.17 | ||
| Debt/FCF | 0.51 | ||
| Altman-Z | 10.3 |
ROIC/WACC3.1
WACC10.51%
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: 87.10% of the companies in the same industry are doing better.
A Quick Ratio of 0.79 indicates that ASML may have some problems paying its short term obligations.
ASML has a worse Quick ratio (0.79) than 82.26% 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.
The Earnings Per Share has been growing by 25.62% on average over the past years. This is a very strong growth
The Revenue has been growing slightly by 2.56% in the past year.
Measured over the past years, ASML shows a quite strong growth in Revenue. The Revenue has been growing by 19.05% on average per year.
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.
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 Y30.06%
EPS Next 2Y16.65%
EPS Next 3Y19.07%
EPS Next 5Y18.67%
Revenue Next Year16.78%
Revenue Next 2Y10.26%
Revenue Next 3Y11.51%
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.
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 39.67, ASML can be considered very expensive at the moment.
ASML's Price/Earnings is on the same level as the industry average.
The average S&P500 Price/Earnings ratio is at 26.41. ASML is valued rather expensively when compared to this.
With a Price/Forward Earnings ratio of 36.70, ASML can be considered very expensive at the moment.
66.13% of the companies in the same industry are cheaper than ASML, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of ASML to the average of the S&P500 Index (35.40), we can say ASML is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 39.67 | ||
| Fwd PE | 36.7 |
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 the industry average as 66.13% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 40.1 | ||
| EV/EBITDA | 27.59 |
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.
A more expensive valuation may be justified as ASML's earnings are expected to grow with 19.07% in the coming years.
PEG (NY)1.32
PEG (5Y)1.55
EPS Next 2Y16.65%
EPS Next 3Y19.07%
5. Dividend
5.1 Amount
With a yearly dividend of 0.73%, ASML is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 1.14, ASML pays a bit more dividend than its industry peers.
With a Dividend Yield of 0.73, ASML pays less dividend than the S&P500 average, which is at 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.73% |
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.
The dividend of ASML is growing, but earnings are growing more, so the dividend growth is sustainable.
DP24.55%
EPS Next 2Y16.65%
EPS Next 3Y19.07%
AMS:ASML (12/5/2025, 9:22:20 AM)
960.85
+3.55 (+0.37%)
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 Cap372.95B
Revenue(TTM)28.26B
Net Income(TTM)10.20B
Analysts76.59
Price Target947.96 (-1.34%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.73% |
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)21.32%
PT rev (3m)25.19%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-0.12%
EPS NY rev (1m)3.13%
EPS NY rev (3m)3.3%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.81%
Revenue NY rev (1m)0.27%
Revenue NY rev (3m)0.81%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 39.67 | ||
| Fwd PE | 36.7 | ||
| P/S | 11.6 | ||
| P/FCF | 40.1 | ||
| P/OCF | 30.09 | ||
| P/B | 17.32 | ||
| P/tB | 31.67 | ||
| EV/EBITDA | 27.59 |
EPS(TTM)24.22
EY2.52%
EPS(NY)26.18
Fwd EY2.72%
FCF(TTM)23.96
FCFY2.49%
OCF(TTM)31.94
OCFY3.32%
SpS82.86
BVpS55.47
TBVpS30.34
PEG (NY)1.32
PEG (5Y)1.55
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 | 10.3 |
F-Score8
WACC10.51%
ROIC/WACC3.1
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 5Y18.67%
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 5Y11.58%
EBIT growth 1Y40.28%
EBIT growth 3Y13.31%
EBIT growth 5Y29.61%
EBIT Next Year34.32%
EBIT Next 3Y18.15%
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%.