ASML HOLDING NV (ASML.AS) Stock Fundamental Analysis
Europe • Euronext Amsterdam • AMS:ASML • NL0010273215
1215.6 EUR
+23.6 (+1.98%)
Last: Jan 30, 2026, 07:00 PM
We assign a fundamental rating of 7 out of 10 to ASML. ASML was compared to 69 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 valued quite expensively, but it does show have an excellent growth rating. These ratings would make ASML suitable for growth and quality investing!
1. Profitability
1.1 Basic Checks
- In the past year ASML was profitable.
- In the past year ASML had a positive cash flow from operations.
- ASML had positive earnings in 4 of the past 5 years.
- Of the past 5 years ASML 4 years had a positive operating cash flow.
1.2 Ratios
- Looking at the Return On Assets, with a value of 20.71%, ASML belongs to the top of the industry, outperforming 89.86% of the companies in the same industry.
- ASML's Return On Equity of 47.39% is amongst the best of the industry. ASML outperforms 89.86% of its industry peers.
- ASML's Return On Invested Capital of 32.62% is amongst the best of the industry. ASML outperforms 91.30% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for ASML is significantly above the industry average of 14.31%.
- 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 85.51% of its industry peers.
- In the last couple of years the Profit Margin of ASML has grown nicely.
- Looking at the Operating Margin, with a value of 37.74%, ASML belongs to the top of the industry, outperforming 89.86% of the companies in the same industry.
- In the last couple of years the Operating Margin of ASML has grown nicely.
- Looking at the Gross Margin, with a value of 51.93%, ASML is in the better half of the industry, outperforming 62.32% 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.
- There is no outstanding debt for ASML. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
2.2 Solvency
- ASML has an Altman-Z score of 12.27. This indicates that ASML is financially healthy and has little risk of bankruptcy at the moment.
- With a decent Altman-Z score value of 12.27, ASML is doing good in the industry, outperforming 72.46% of the companies in the same industry.
- ASML has a debt to FCF ratio of 0.51. This is a very positive value and a sign of high solvency as it would only need 0.51 years to pay back of all of its debts.
- ASML's Debt to FCF ratio of 0.51 is amongst the best of the industry. ASML outperforms 82.61% of its industry peers.
- A Debt/Equity ratio of 0.17 indicates that ASML is not too dependend on debt financing.
- ASML's Debt to Equity ratio of 0.17 is fine compared to the rest of the industry. ASML outperforms 60.87% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.17 | ||
| Debt/FCF | 0.51 | ||
| Altman-Z | 12.27 |
ROIC/WACC3
WACC10.87%
2.3 Liquidity
- A Current Ratio of 1.41 indicates that ASML should not have too much problems paying its short term obligations.
- Looking at the Current ratio, with a value of 1.41, ASML is doing worse than 91.30% of the companies in the same industry.
- 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 91.30% 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 | 1.41 | ||
| 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 27.44%, which is quite impressive.
- The Earnings Per Share has been growing by 25.62% on average over the past years. This is a very strong growth
- 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)27.44%
EPS 3Y10.24%
EPS 5Y25.62%
EPS Q2Q%4.39%
Revenue 1Y (TTM)2.56%
Revenue growth 3Y14.94%
Revenue growth 5Y19.05%
Sales Q2Q%1.88%
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 19.44% on average per year.
- The Revenue is expected to grow by 12.10% on average over the next years. This is quite good.
EPS Next Y31.8%
EPS Next 2Y19.18%
EPS Next 3Y21.41%
EPS Next 5Y19.44%
Revenue Next Year16.7%
Revenue Next 2Y10.56%
Revenue Next 3Y12.02%
Revenue Next 5Y12.1%
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
- With a Price/Earnings ratio of 49.58, ASML can be considered very expensive at the moment.
- ASML's Price/Earnings ratio is in line with the industry average.
- The average S&P500 Price/Earnings ratio is at 28.30. ASML is valued rather expensively when compared to this.
- ASML is valuated quite expensively with a Price/Forward Earnings ratio of 44.48.
- 73.91% of the companies in the same industry are cheaper than ASML, based on the Price/Forward Earnings ratio.
- Compared to an average S&P500 Price/Forward Earnings ratio of 25.57, ASML is valued quite expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 49.58 | ||
| Fwd PE | 44.48 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ASML indicates a slightly more expensive valuation: ASML is more expensive than 63.77% of the companies listed in the same industry.
- Based on the Price/Free Cash Flow ratio, ASML is valued a bit cheaper than the industry average as 62.32% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 50.74 | ||
| EV/EBITDA | 34.4 |
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 21.41% in the coming years.
PEG (NY)1.56
PEG (5Y)1.93
EPS Next 2Y19.18%
EPS Next 3Y21.41%
5. Dividend
5.1 Amount
- ASML has a yearly dividend return of 0.63%, which is pretty low.
- ASML's Dividend Yield is comparable with the industry average which is at 0.74.
- With a Dividend Yield of 0.63, ASML pays less dividend than the S&P500 average, which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.63% |
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
- 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 2Y19.18%
EPS Next 3Y21.41%
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.
Can you provide the valuation status for ASML HOLDING NV?
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.
What is the valuation of ASML HOLDING NV based on its PE and PB ratios?
The Price/Earnings (PE) ratio for ASML HOLDING NV (ASML.AS) is 49.58 and the Price/Book (PB) ratio is 21.91.
What is the earnings growth outlook for ASML HOLDING NV?
The Earnings per Share (EPS) of ASML HOLDING NV (ASML.AS) is expected to grow by 31.8% in the next year.