ASML HOLDING NV (ASML.AS) Stock Fundamental Analysis
Europe - AMS:ASML - NL0010273215 - Common Stock
794 EUR
+57 (+7.73%)
Overall ASML gets a fundamental rating of 7 out of 10. We evaluated ASML against 56 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. These ratings would make ASML suitable 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.
ASML had positive earnings in each of the past 5 years.
ASML had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
ASML has a better Return On Assets (19.14%) than 83.93% of its industry peers.
Looking at the Return On Equity, with a value of 43.78%, ASML belongs to the top of the industry, outperforming 91.07% of the companies in the same industry.
The Return On Invested Capital of ASML (30.33%) is better than 91.07% of its industry peers.
The Average Return On Invested Capital over the past 3 years for ASML is significantly above the industry average of 14.85%.
The 3 year average ROIC (27.63%) for ASML is below the current ROIC(30.33%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 19.14% | ||
| ROE | 43.78% | ||
| ROIC | 30.33% |
ROA(3y)16.75%
ROA(5y)16.43%
ROE(3y)48.67%
ROE(5y)44.39%
ROIC(3y)27.63%
ROIC(5y)25.44%
1.3 Margins
The Profit Margin of ASML (29.31%) is better than 85.71% of its industry peers.
ASML's Profit Margin has improved in the last couple of years.
The Operating Margin of ASML (34.90%) is better than 87.50% of its industry peers.
In the last couple of years the Operating Margin of ASML has grown nicely.
ASML's Gross Margin of 52.58% is fine compared to the rest of the industry. ASML outperforms 67.86% of its industry peers.
In the last couple of years the Gross Margin of ASML has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 34.9% | ||
| PM (TTM) | 29.31% | ||
| GM | 52.58% |
OM growth 3Y-4.54%
OM growth 5Y6.79%
PM growth 3Y-6.68%
PM growth 5Y4.17%
GM growth 3Y0.44%
GM growth 5Y4.34%
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.
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 8.48. This indicates that ASML is financially healthy and has little risk of bankruptcy at the moment.
ASML's Altman-Z score of 8.48 is fine compared to the rest of the industry. ASML outperforms 67.86% 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's Debt to FCF ratio of 0.51 is amongst the best of the industry. ASML outperforms 83.93% 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 comparable to the rest of the industry: ASML outperforms 55.36% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.17 | ||
| Debt/FCF | 0.51 | ||
| Altman-Z | 8.48 |
ROIC/WACC3.02
WACC10.05%
2.3 Liquidity
A Current Ratio of 1.41 indicates that ASML should not have too much problems paying its short term obligations.
ASML has a Current ratio of 1.41. This is amonst the worse of the industry: ASML underperforms 83.93% of its industry peers.
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 85.71% 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 40.22% 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
Looking at the last year, ASML shows a very strong growth in Revenue. The Revenue has grown by 26.41%.
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)40.22%
EPS 3Y10.24%
EPS 5Y25.62%
EPS Q2Q%47.13%
Revenue 1Y (TTM)26.41%
Revenue growth 3Y14.94%
Revenue growth 5Y19.05%
Sales Q2Q%23.21%
3.2 Future
The Earnings Per Share is expected to grow by 17.24% 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 11.02% yearly.
EPS Next Y25.9%
EPS Next 2Y15.57%
EPS Next 3Y17.44%
EPS Next 5Y17.24%
Revenue Next Year15.84%
Revenue Next 2Y9.3%
Revenue Next 3Y10.51%
Revenue Next 5Y11.02%
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
The Price/Earnings ratio is 33.06, which means the current valuation is very expensive for ASML.
Compared to the rest of the industry, the Price/Earnings ratio of ASML is on the same level as its industry peers.
ASML's Price/Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 27.41.
The Price/Forward Earnings ratio is 30.90, which means the current valuation is very expensive for ASML.
Based on the Price/Forward Earnings ratio, ASML is valued a bit more expensive than the industry average as 66.07% of the companies are valued more cheaply.
ASML is valuated rather expensively when we compare the Price/Forward Earnings ratio to 22.88, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 33.06 | ||
| Fwd PE | 30.9 |
4.2 Price Multiples
67.86% of the companies in the same industry are cheaper than ASML, based on the Enterprise Value to EBITDA ratio.
ASML's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. ASML is cheaper than 67.86% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 33.92 | ||
| EV/EBITDA | 23.62 |
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 17.44% in the coming years.
PEG (NY)1.28
PEG (5Y)1.29
EPS Next 2Y15.57%
EPS Next 3Y17.44%
5. Dividend
5.1 Amount
ASML has a yearly dividend return of 0.94%, which is pretty low.
Compared to an average industry Dividend Yield of 1.29, ASML pays a bit more dividend than its industry peers.
With a Dividend Yield of 0.94, ASML pays less dividend than the S&P500 average, which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.94% |
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 26.57% of its income as dividend. This is a sustainable payout ratio.
ASML's earnings are growing around the same pace than its dividend. As long as the earnings growth is kept the dividend growth is sustainable.
DP26.57%
EPS Next 2Y15.57%
EPS Next 3Y17.44%
AMS:ASML (9/18/2025, 5:39:45 PM)
794
+57 (+7.73%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners50.81%
Inst Owner ChangeN/A
Ins Owners0.02%
Ins Owner ChangeN/A
Market Cap312.70B
Analysts75.61
Price Target759.07 (-4.4%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.94% |
Yearly Dividend6.24
Dividend Growth(5Y)14.61%
DP26.57%
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)-0.49%
PT rev (3m)-4.52%
EPS NQ rev (1m)-0.29%
EPS NQ rev (3m)-8.37%
EPS NY rev (1m)1.18%
EPS NY rev (3m)1.18%
Revenue NQ rev (1m)-0.31%
Revenue NQ rev (3m)-5.93%
Revenue NY rev (1m)-0.03%
Revenue NY rev (3m)0.66%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 33.06 | ||
| Fwd PE | 30.9 | ||
| P/S | 9.72 | ||
| P/FCF | 33.92 | ||
| P/OCF | 27.94 | ||
| P/B | 14.52 | ||
| P/tB | 26.55 | ||
| EV/EBITDA | 23.62 |
EPS(TTM)24.02
EY3.03%
EPS(NY)25.7
Fwd EY3.24%
FCF(TTM)23.41
FCFY2.95%
OCF(TTM)28.42
OCFY3.58%
SpS81.67
BVpS54.67
TBVpS29.91
PEG (NY)1.28
PEG (5Y)1.29
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 19.14% | ||
| ROE | 43.78% | ||
| ROCE | 36.63% | ||
| ROIC | 30.33% | ||
| ROICexc | 39.72% | ||
| ROICexgc | 68.12% | ||
| OM | 34.9% | ||
| PM (TTM) | 29.31% | ||
| GM | 52.58% | ||
| FCFM | 28.66% |
ROA(3y)16.75%
ROA(5y)16.43%
ROE(3y)48.67%
ROE(5y)44.39%
ROIC(3y)27.63%
ROIC(5y)25.44%
ROICexc(3y)43.14%
ROICexc(5y)39.83%
ROICexgc(3y)80.76%
ROICexgc(5y)81.19%
ROCE(3y)33.37%
ROCE(5y)30.72%
ROICexcg growth 3Y-15.63%
ROICexcg growth 5Y18.79%
ROICexc growth 3Y0.79%
ROICexc growth 5Y25.18%
OM growth 3Y-4.54%
OM growth 5Y6.79%
PM growth 3Y-6.68%
PM growth 5Y4.17%
GM growth 3Y0.44%
GM growth 5Y4.34%
F-Score8
Asset Turnover0.65
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.17 | ||
| Debt/FCF | 0.51 | ||
| Debt/EBITDA | 0.3 | ||
| Cap/Depr | 206.83% | ||
| Cap/Sales | 6.14% | ||
| Interest Coverage | 79.5 | ||
| Cash Conversion | 91.9% | ||
| Profit Quality | 97.79% | ||
| Current Ratio | 1.41 | ||
| Quick Ratio | 0.79 | ||
| Altman-Z | 8.48 |
F-Score8
WACC10.05%
ROIC/WACC3.02
Cap/Depr(3y)258.74%
Cap/Depr(5y)228.24%
Cap/Sales(3y)8.6%
Cap/Sales(5y)9.22%
Profit Quality(3y)91.44%
Profit Quality(5y)107.3%
High Growth Momentum
Growth
EPS 1Y (TTM)40.22%
EPS 3Y10.24%
EPS 5Y25.62%
EPS Q2Q%47.13%
EPS Next Y25.9%
EPS Next 2Y15.57%
EPS Next 3Y17.44%
EPS Next 5Y17.24%
Revenue 1Y (TTM)26.41%
Revenue growth 3Y14.94%
Revenue growth 5Y19.05%
Sales Q2Q%23.21%
Revenue Next Year15.84%
Revenue Next 2Y9.3%
Revenue Next 3Y10.51%
Revenue Next 5Y11.02%
EBIT growth 1Y37.16%
EBIT growth 3Y9.72%
EBIT growth 5Y27.13%
EBIT Next Year33.08%
EBIT Next 3Y21.81%
EBIT Next 5Y17.22%
FCF growth 1Y57.21%
FCF growth 3Y-3.05%
FCF growth 5Y29.82%
OCF growth 1Y29.28%
OCF growth 3Y-1.24%
OCF growth 5Y25.03%