1036.31 USD
+20.88 (+2.06%)
1036.33 USD
0.02 (0%)
We assign a fundamental rating of 7 out of 10 to ASML. ASML was compared to 112 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! With these ratings, ASML could be worth investigating further for growth and quality investing!.
1. Profitability
1.1 Basic Checks
ASML had positive earnings in the past year.
In the past year ASML had a positive cash flow from operations.
In the past 5 years ASML has always been profitable.
ASML had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
ASML's Return On Assets of 20.71% is amongst the best of the industry. ASML outperforms 93.75% of its industry peers.
With an excellent Return On Equity value of 47.39%, ASML belongs to the best of the industry, outperforming 94.64% of the companies in the same industry.
ASML's Return On Invested Capital of 32.62% is amongst the best of the industry. ASML outperforms 97.32% 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 10.79%.
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 90.18% of its industry peers.
ASML's Profit Margin has improved in the last couple of years.
ASML has a better Operating Margin (37.74%) than 95.54% of its industry peers.
In the last couple of years the Operating Margin of ASML has grown nicely.
ASML's Gross Margin of 51.93% is fine compared to the rest of the industry. ASML outperforms 66.07% of its industry peers.
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
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), ASML is creating value.
ASML has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for ASML has been reduced compared to 5 years ago.
Compared to 1 year ago, ASML has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 9.53 indicates that ASML is not in any danger for bankruptcy at the moment.
ASML's Altman-Z score of 9.53 is fine compared to the rest of the industry. ASML outperforms 72.32% 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.
With an excellent Debt to FCF ratio value of 0.51, ASML belongs to the best of the industry, outperforming 80.36% of the companies in the same industry.
A Debt/Equity ratio of 0.17 indicates that ASML is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.17, ASML is in line with its industry, outperforming 50.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.17 | ||
| Debt/FCF | 0.51 | ||
| Altman-Z | 9.53 |
ROIC/WACC3.08
WACC10.6%
2.3 Liquidity
A Current Ratio of 1.41 indicates that ASML should not have too much problems paying 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 84.82% 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 Quick ratio of 0.79. This is amonst the worse of the industry: ASML underperforms 91.07% 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
The Earnings Per Share has grown by an impressive 37.61% over the past year.
ASML shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 25.62% yearly.
The Revenue has been growing slightly by 2.56% in the past 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
The Earnings Per Share is expected to grow by 18.67% on average over the next years. This is quite good.
Based on estimates for the next years, ASML will show a quite strong growth in Revenue. The Revenue will grow by 11.58% on average per year.
EPS Next Y31.06%
EPS Next 2Y17.42%
EPS Next 3Y19.43%
EPS Next 5Y18.67%
Revenue Next Year16.7%
Revenue Next 2Y10.51%
Revenue Next 3Y11.83%
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.
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 36.50, ASML can be considered very expensive at the moment.
66.96% of the companies in the same industry are more expensive than ASML, based on the Price/Earnings ratio.
ASML is valuated rather expensively when we compare the Price/Earnings ratio to 26.26, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 33.33 indicates a quite expensive valuation of ASML.
ASML's Price/Forward Earnings is on the same level as the industry average.
When comparing the Price/Forward Earnings ratio of ASML to the average of the S&P500 Index (23.68), we can say ASML is valued slightly more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 36.5 | ||
| Fwd PE | 33.33 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ASML is valued a bit cheaper than the industry average as 67.86% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, ASML is valued a bit cheaper than 75.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 36.9 | ||
| EV/EBITDA | 24.95 |
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 19.43% in the coming years.
PEG (NY)1.18
PEG (5Y)1.42
EPS Next 2Y17.42%
EPS Next 3Y19.43%
5. Dividend
5.1 Amount
ASML has a yearly dividend return of 0.70%, which is pretty low.
Compared to an average industry Dividend Yield of 0.59, ASML pays a better dividend. On top of this ASML pays more dividend than 80.36% of the companies listed in the same industry.
With a Dividend Yield of 0.70, ASML pays less dividend than the S&P500 average, which is at 1.87.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.7% |
5.2 History
The dividend of ASML is nicely growing with an annual growth rate of 14.61%!
ASML has been paying a dividend for at least 10 years, so it has 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 2Y17.42%
EPS Next 3Y19.43%
1036.31
+20.88 (+2.06%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners44.21%
Inst Owner Change5.2%
Ins Owners0.01%
Ins Owner ChangeN/A
Market Cap402.24B
Revenue(TTM)28.26B
Net Income(TTM)10.20B
Analysts77.56
Price Target1134.53 (9.48%)
Short Float %0.35%
Short Ratio0.89
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.7% |
Yearly Dividend7.32
Dividend Growth(5Y)14.61%
DP24.55%
Div Incr Years1
Div Non Decr Years1
Ex-Date
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)4.4%
PT rev (3m)28.21%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0.17%
EPS NY rev (1m)0.77%
EPS NY rev (3m)4.1%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.5%
Revenue NY rev (1m)-0.07%
Revenue NY rev (3m)0.74%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 36.5 | ||
| Fwd PE | 33.33 | ||
| P/S | 10.67 | ||
| P/FCF | 36.9 | ||
| P/OCF | 27.68 | ||
| P/B | 15.94 | ||
| P/tB | 29.13 | ||
| EV/EBITDA | 24.95 |
EPS(TTM)28.39
EY2.74%
EPS(NY)31.09
Fwd EY3%
FCF(TTM)28.09
FCFY2.71%
OCF(TTM)37.44
OCFY3.61%
SpS97.13
BVpS65.03
TBVpS35.57
PEG (NY)1.18
PEG (5Y)1.42
Graham Number203.81
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 | 9.53 |
F-Score8
WACC10.6%
ROIC/WACC3.08
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 Y31.06%
EPS Next 2Y17.42%
EPS Next 3Y19.43%
EPS Next 5Y18.67%
Revenue 1Y (TTM)2.56%
Revenue growth 3Y14.94%
Revenue growth 5Y19.05%
Sales Q2Q%0.65%
Revenue Next Year16.7%
Revenue Next 2Y10.51%
Revenue Next 3Y11.83%
Revenue Next 5Y11.58%
EBIT growth 1Y40.28%
EBIT growth 3Y13.31%
EBIT growth 5Y29.61%
EBIT Next Year39.88%
EBIT Next 3Y21.29%
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-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.
What is the valuation status of ASML HOLDING NV-NY REG SHS (ASML) stock?
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.
Can you provide the financial health for ASML stock?
The financial health rating of ASML HOLDING NV-NY REG SHS (ASML) is 7 / 10.
How sustainable is the dividend of ASML HOLDING NV-NY REG SHS (ASML) stock?
The dividend rating of ASML HOLDING NV-NY REG SHS (ASML) is 5 / 10 and the dividend payout ratio is 24.55%.