ASML HOLDING NV-NY REG SHS (ASML)
USN070592100
Taking everything into account, ASML scores 7 out of 10 in our fundamental rating. ASML was compared to 108 industry peers in the Semiconductors & Semiconductor Equipment industry. ASML scores excellent points on both the profitability and health parts. This is a solid base for a good stock. ASML is valued quite expensive, but it does show an excellent growth. These ratings would make ASML suitable for growth and quality investing!
1. Profitability
1.1 Basic Checks
In the past year ASML was profitable.
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 has a better Return On Assets (16.75%) than 89.81% of its industry peers.
ASML has a Return On Equity of 41.56%. This is amongst the best in the industry. ASML outperforms 95.37% of its industry peers.
ASML's Return On Invested Capital of 25.97% is amongst the best of the industry. ASML outperforms 96.30% of its industry peers.
ASML had an Average Return On Invested Capital over the past 3 years of 29.48%. This is significantly above the industry average of 11.24%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 16.75% | ||
| ROE | 41.56% | ||
| ROIC | 25.97% |
ROA(3y)18.13%
ROA(5y)15.59%
ROE(3y)52.84%
ROE(5y)40.26%
ROIC(3y)29.48%
ROIC(5y)23.28%
1.3 Margins
ASML has a better Profit Margin (29.16%) than 91.67% 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 34.01%, ASML belongs to the top of the industry, outperforming 93.52% of the companies in the same industry.
ASML's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 50.63%, ASML is in the better half of the industry, outperforming 65.74% 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 | 34.01% | ||
| PM (TTM) | 29.16% | ||
| GM | 50.63% |
OM growth 3Y4.37%
OM growth 5Y5.55%
PM growth 3Y3.65%
PM growth 5Y5%
GM growth 3Y3.14%
GM growth 5Y3%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so ASML is creating value.
ASML has less shares outstanding than it did 1 year ago.
ASML has less shares outstanding than it did 5 years ago.
ASML has a better debt/assets ratio than last year.
2.2 Solvency
ASML has an Altman-Z score of 8.13. This indicates that ASML is financially healthy and has little risk of bankruptcy at the moment.
ASML's Altman-Z score of 8.13 is fine compared to the rest of the industry. ASML outperforms 72.22% of its industry peers.
The Debt to FCF ratio of ASML is 1.54, which is an excellent value as it means it would take ASML, only 1.54 years of fcf income to pay off all of its debts.
ASML has a Debt to FCF ratio of 1.54. This is in the better half of the industry: ASML outperforms 75.93% of its industry peers.
A Debt/Equity ratio of 0.26 indicates that ASML is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.26, ASML is in line with its industry, outperforming 40.74% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.26 | ||
| Debt/FCF | 1.54 | ||
| Altman-Z | 8.13 |
ROIC/WACC2.17
WACC11.98%
2.3 Liquidity
A Current Ratio of 1.50 indicates that ASML should not have too much problems paying its short term obligations.
ASML has a worse Current ratio (1.50) than 79.63% of its industry peers.
ASML has a Quick Ratio of 1.50. This is a bad value and indicates that ASML is not financially healthy enough and could expect problems in meeting its short term obligations.
ASML's Quick ratio of 0.82 is on the low side compared to the rest of the industry. ASML is outperformed by 87.04% 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 | 1.5 | ||
| Quick Ratio | 0.82 |
3. Growth
3.1 Past
ASML shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -8.76%.
Measured over the past years, ASML shows a very strong growth in Earnings Per Share. The EPS has been growing by 26.71% on average per year.
The Revenue has grown by 30.16% in the past year. This is a very strong growth!
ASML shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 20.29% yearly.
EPS 1Y (TTM)-8.76%
EPS 3Y32.87%
EPS 5Y26.71%
EPS Q2Q%9.77%
Revenue 1Y (TTM)30.16%
Revenue growth 3Y25.39%
Revenue growth 5Y20.29%
Sales Q2Q%11.9%
3.2 Future
ASML is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 15.45% yearly.
Based on estimates for the next years, ASML will show a quite strong growth in Revenue. The Revenue will grow by 10.33% on average per year.
EPS Next Y-2.53%
EPS Next 2Y11.54%
EPS Next 3Y15.48%
EPS Next 5Y15.45%
Revenue Next Year2.37%
Revenue Next 2Y9.16%
Revenue Next 3Y10.69%
Revenue Next 5Y10.33%
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
With a Price/Earnings ratio of 38.58, ASML can be considered very expensive at the moment.
ASML's Price/Earnings ratio is in line with the industry average.
ASML is valuated rather expensively when we compare the Price/Earnings ratio to 27.73, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 27.45, which means the current valuation is very expensive for ASML.
61.11% of the companies in the same industry are more expensive than ASML, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.83, ASML is valued a bit more expensive.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 38.58 | ||
| Fwd PE | 27.45 |
4.2 Price Multiples
ASML's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. ASML is cheaper than 63.89% of the companies in the same industry.
ASML's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 90.7 | ||
| EV/EBITDA | 27.7 |
4.3 Compensation for Growth
ASML has an outstanding profitability rating, which may justify a higher PE ratio.
ASML's earnings are expected to grow with 15.48% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)1.44
EPS Next 2Y11.54%
EPS Next 3Y15.48%
5. Dividend
5.1 Amount
With a yearly dividend of 0.90%, ASML is not a good candidate for dividend investing.
ASML's Dividend Yield is a higher than the industry average which is at 2.31.
With a Dividend Yield of 0.90, ASML pays less dividend than the S&P500 average, which is at 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.9% |
5.2 History
On average, the dividend of ASML grows each year by 33.46%, which is quite nice.
ASML has paid a dividend for at least 10 years, which is a reliable track record.
ASML has decreased its dividend recently.
Dividend Growth(5Y)33.46%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
32.36% of the earnings are spent on dividend by ASML. This is a low number and sustainable payout ratio.
ASML's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP32.36%
EPS Next 2Y11.54%
EPS Next 3Y15.48%
ASML HOLDING NV-NY REG SHS
NASDAQ:ASML (12/20/2024, 8:00:01 PM)
After market: 705.17 -0.51 (-0.07%)705.68
-4.58 (-0.64%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners52.27%
Inst Owner Change-7.87%
Ins Owners0.01%
Ins Owner ChangeN/A
Market Cap281.98B
Analysts80
Price Target897.58 (27.19%)
Short Float %0.35%
Short Ratio0.62
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.9% |
Dividend Growth(5Y)33.46%
DP32.36%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)8.48%
Min EPS beat(2)6.55%
Max EPS beat(2)10.42%
EPS beat(4)4
Avg EPS beat(4)6.7%
Min EPS beat(4)2.72%
Max EPS beat(4)10.42%
EPS beat(8)8
Avg EPS beat(8)8.9%
EPS beat(12)12
Avg EPS beat(12)8.65%
EPS beat(16)15
Avg EPS beat(16)10.23%
Revenue beat(2)1
Avg Revenue beat(2)-1.18%
Min Revenue beat(2)-3.8%
Max Revenue beat(2)1.44%
Revenue beat(4)2
Avg Revenue beat(4)-0.53%
Min Revenue beat(4)-3.8%
Max Revenue beat(4)2.74%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
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)-5.48%
PT rev (3m)-25.24%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-2.7%
EPS NY rev (1m)0%
EPS NY rev (3m)1.09%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.01%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.6%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 38.58 | ||
| Fwd PE | 27.45 | ||
| P/S | 10.67 | ||
| P/FCF | 90.7 | ||
| P/OCF | 44.31 | ||
| P/B | 15.2 | ||
| P/tB | 30.43 | ||
| EV/EBITDA | 27.7 |
EPS(TTM)18.29
EY2.59%
EPS(NY)25.71
Fwd EY3.64%
FCF(TTM)7.78
FCFY1.1%
OCF(TTM)15.93
OCFY2.26%
SpS66.16
BVpS46.42
TBVpS23.19
PEG (NY)N/A
PEG (5Y)1.44
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 16.75% | ||
| ROE | 41.56% | ||
| ROCE | 30.74% | ||
| ROIC | 25.97% | ||
| ROICexc | 31.6% | ||
| ROICexgc | 51.5% | ||
| OM | 34.01% | ||
| PM (TTM) | 29.16% | ||
| GM | 50.63% | ||
| FCFM | 11.76% |
ROA(3y)18.13%
ROA(5y)15.59%
ROE(3y)52.84%
ROE(5y)40.26%
ROIC(3y)29.48%
ROIC(5y)23.28%
ROICexc(3y)44.3%
ROICexc(5y)34.53%
ROICexgc(3y)99.52%
ROICexgc(5y)75.22%
ROCE(3y)34.89%
ROCE(5y)27.56%
ROICexcg growth 3Y14.86%
ROICexcg growth 5Y14.44%
ROICexc growth 3Y19.08%
ROICexc growth 5Y18.21%
OM growth 3Y4.37%
OM growth 5Y5.55%
PM growth 3Y3.65%
PM growth 5Y5%
GM growth 3Y3.14%
GM growth 5Y3%
F-Score6
Asset Turnover0.57
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.26 | ||
| Debt/FCF | 1.54 | ||
| Debt/EBITDA | 0.47 | ||
| Cap/Depr | 279.36% | ||
| Cap/Sales | 12.31% | ||
| Interest Coverage | 51.88 | ||
| Cash Conversion | 62.66% | ||
| Profit Quality | 40.33% | ||
| Current Ratio | 1.5 | ||
| Quick Ratio | 0.82 | ||
| Altman-Z | 8.13 |
F-Score6
WACC11.98%
ROIC/WACC2.17
Cap/Depr(3y)246.99%
Cap/Depr(5y)212.26%
Cap/Sales(3y)10.19%
Cap/Sales(5y)10.45%
Profit Quality(3y)105.74%
Profit Quality(5y)102.48%
High Growth Momentum
Growth
EPS 1Y (TTM)-8.76%
EPS 3Y32.87%
EPS 5Y26.71%
EPS Q2Q%9.77%
EPS Next Y-2.53%
EPS Next 2Y11.54%
EPS Next 3Y15.48%
EPS Next 5Y15.45%
Revenue 1Y (TTM)30.16%
Revenue growth 3Y25.39%
Revenue growth 5Y20.29%
Sales Q2Q%11.9%
Revenue Next Year2.37%
Revenue Next 2Y9.16%
Revenue Next 3Y10.69%
Revenue Next 5Y10.33%
EBIT growth 1Y-4.96%
EBIT growth 3Y30.87%
EBIT growth 5Y26.96%
EBIT Next Year9.39%
EBIT Next 3Y17.64%
EBIT Next 5Y17.39%
FCF growth 1Y-67.69%
FCF growth 3Y-2.7%
FCF growth 5Y6.05%
OCF growth 1Y-44.62%
OCF growth 3Y7.19%
OCF growth 5Y14.18%