1413.35 USD
+24.31 (+1.75%)
1414.91 USD
+1.56 (+0.11%)
Overall ASML gets a fundamental rating of 7 out of 10. We evaluated ASML against 113 industry peers in the Semiconductors & Semiconductor Equipment industry. ASML gets an excellent profitability rating and is at the same time showing great financial health properties. ASML is showing excellent growth while it is valued at reasonable prices. Keep and eye on this one! These ratings could make ASML a good candidate 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 each of the past 5 years.
- Each year in the past 5 years ASML had a positive operating cash flow.
1.2 Ratios
- ASML's Return On Assets of 20.71% is amongst the best of the industry. ASML outperforms 93.81% of its industry peers.
- ASML has a better Return On Equity (47.39%) than 94.69% of its industry peers.
- ASML has a better Return On Invested Capital (32.62%) than 97.35% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for ASML is significantly above the industry average of 10.75%.
- 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 90.27% of its industry peers.
- ASML's Profit Margin has improved in the last couple of years.
- ASML has a Operating Margin of 37.74%. This is amongst the best in the industry. ASML outperforms 95.58% of its industry peers.
- 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 66.37% of the companies in the same industry.
- 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
- 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
- Compared to 1 year ago, ASML has an improved debt to assets ratio.
2.2 Solvency
- An Altman-Z score of 12.19 indicates that ASML is not in any danger for bankruptcy at the moment.
- Looking at the Altman-Z score, with a value of 12.19, ASML is in the better half of the industry, outperforming 74.34% 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 80.53% of its industry peers.
- ASML has a Debt/Equity ratio of 0.17. This is a healthy value indicating a solid balance between debt and equity.
- With a Debt to Equity ratio value of 0.17, ASML perfoms like the industry average, outperforming 50.44% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.17 | ||
| Debt/FCF | 0.51 | ||
| Altman-Z | 12.19 |
ROIC/WACC3
WACC10.88%
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.
- ASML's Current ratio of 1.41 is on the low side compared to the rest of the industry. ASML is outperformed by 84.96% 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 91.15% 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 37.61%, 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.
- 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
- 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.
- ASML is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 12.10% yearly.
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
- 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
- A Price/Earnings ratio of 49.70 indicates a quite expensive valuation of ASML.
- Compared to the rest of the industry, the Price/Earnings ratio of ASML indicates a somewhat cheap valuation: ASML is cheaper than 63.72% of the companies listed in the same industry.
- Compared to an average S&P500 Price/Earnings ratio of 27.25, ASML is valued quite expensively.
- Based on the Price/Forward Earnings ratio of 44.05, the valuation of ASML can be described as expensive.
- ASML's Price/Forward Earnings ratio is in line with the industry average.
- The average S&P500 Price/Forward Earnings ratio is at 25.98. ASML is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 49.7 | ||
| Fwd PE | 44.05 |
4.2 Price Multiples
- 66.37% of the companies in the same industry are more expensive than ASML, based on the Enterprise Value to EBITDA ratio.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of ASML indicates a somewhat cheap valuation: ASML is cheaper than 71.68% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 50.24 | ||
| EV/EBITDA | 34.14 |
4.3 Compensation for Growth
- ASML's 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.
- ASML's earnings are expected to grow with 21.41% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.56
PEG (5Y)1.94
EPS Next 2Y19.18%
EPS Next 3Y21.41%
5. Dividend
5.1 Amount
- With a yearly dividend of 0.56%, ASML is not a good candidate for dividend investing.
- Compared to an average industry Dividend Yield of 0.49, ASML pays a bit more dividend than its industry peers.
- Compared to an average S&P500 Dividend Yield of 1.82, ASML's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.56% |
5.2 History
- The dividend of ASML is nicely growing with an annual growth rate of 14.61%!
- ASML has paid a dividend for at least 10 years, which is a reliable track record.
- The dividend of ASML decreased recently.
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-NY REG SHS / ASML FAQ
Can you provide the ChartMill fundamental rating for ASML HOLDING NV-NY REG SHS?
ChartMill assigns a fundamental rating of 7 / 10 to ASML.
Can you provide the valuation status for ASML HOLDING NV-NY REG SHS?
ChartMill assigns a valuation rating of 4 / 10 to ASML HOLDING NV-NY REG SHS (ASML). This can be considered as Fairly Valued.
How profitable is ASML HOLDING NV-NY REG SHS (ASML) stock?
ASML HOLDING NV-NY REG SHS (ASML) has a profitability rating of 9 / 10.
What is the valuation of ASML HOLDING NV-NY REG SHS based on its PE and PB ratios?
The Price/Earnings (PE) ratio for ASML HOLDING NV-NY REG SHS (ASML) is 49.7 and the Price/Book (PB) ratio is 21.7.
What is the earnings growth outlook for ASML HOLDING NV-NY REG SHS?
The Earnings per Share (EPS) of ASML HOLDING NV-NY REG SHS (ASML) is expected to grow by 31.8% in the next year.