1270.16 USD
-11.07 (-0.86%)
1272.4 USD
+2.24 (+0.18%)
We assign a fundamental rating of 7 out of 10 to ASML. ASML was compared to 113 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 not overvalued while it is showing excellent growth. This is an interesting combination. 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.
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
The Return On Assets of ASML (20.71%) is better than 93.81% of its industry peers.
Looking at the Return On Equity, with a value of 47.39%, ASML belongs to the top of the industry, outperforming 94.69% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 32.62%, ASML belongs to the top of the industry, outperforming 97.35% of the companies in the same industry.
ASML had an Average Return On Invested Capital over the past 3 years of 27.67%. This is significantly above the industry average of 10.75%.
The last Return On Invested Capital (32.62%) for ASML is above the 3 year average (27.67%), which is a sign of increasing profitability.
| 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
Looking at the Profit Margin, with a value of 31.73%, ASML belongs to the top of the industry, outperforming 90.27% of the companies in the same industry.
ASML's Profit Margin has improved in the last couple of years.
The Operating Margin of ASML (37.74%) is better than 95.58% of its industry peers.
ASML's Operating Margin has improved in the last couple of years.
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.
The number of shares outstanding for ASML remains at a similar level compared to 1 year ago.
The number of shares outstanding for ASML has been reduced compared to 5 years ago.
ASML has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 11.46 indicates that ASML is not in any danger for bankruptcy at the moment.
ASML's Altman-Z score of 11.46 is fine compared to the rest of the industry. ASML outperforms 72.57% 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 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 51.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.17 | ||
| Debt/FCF | 0.51 | ||
| Altman-Z | 11.46 |
ROIC/WACC3.18
WACC10.27%
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.
With a Current ratio value of 1.41, ASML is not doing good in the industry: 84.96% of the companies in the same industry are doing better.
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 91.15% 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
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
ASML shows a small growth in Revenue. In the last year, the Revenue has grown by 2.56%.
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)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 Y31.25%
EPS Next 2Y17.48%
EPS Next 3Y19.72%
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.
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
ASML is valuated quite expensively with a Price/Earnings ratio of 44.85.
ASML's Price/Earnings ratio is a bit cheaper when compared to the industry. ASML is cheaper than 66.37% of the companies in the same industry.
ASML is valuated expensively when we compare the Price/Earnings ratio to 27.30, which is the current average of the S&P500 Index.
ASML is valuated quite expensively with a Price/Forward Earnings ratio of 40.91.
ASML's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 24.04. ASML is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 44.85 | ||
| Fwd PE | 40.91 |
4.2 Price Multiples
65.49% of the companies in the same industry are more expensive than ASML, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, ASML is valued a bit cheaper than the industry average as 73.45% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 45.34 | ||
| EV/EBITDA | 31.61 |
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 19.72% in the coming years.
PEG (NY)1.44
PEG (5Y)1.75
EPS Next 2Y17.48%
EPS Next 3Y19.72%
5. Dividend
5.1 Amount
With a yearly dividend of 0.67%, ASML is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 0.53, ASML pays a better dividend. On top of this ASML pays more dividend than 81.42% of the companies listed in the same industry.
With a Dividend Yield of 0.67, ASML pays less dividend than the S&P500 average, which is at 1.92.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.67% |
5.2 History
On average, the dividend of ASML grows each year by 14.61%, which is quite nice.
ASML has been paying a dividend for at least 10 years, so it has a reliable track record.
ASML has decreased its dividend recently.
Dividend Growth(5Y)14.61%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
24.55% of the earnings are spent on dividend by ASML. This is a low number and sustainable payout ratio.
ASML's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP24.55%
EPS Next 2Y17.48%
EPS Next 3Y19.72%
1270.16
-11.07 (-0.86%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners44.3%
Inst Owner Change0.16%
Ins Owners0.01%
Ins Owner ChangeN/A
Market Cap493.01B
Revenue(TTM)28.26B
Net Income(TTM)10.20B
Analysts77.5
Price Target1167.04 (-8.12%)
Short Float %0.32%
Short Ratio0.92
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.67% |
Yearly Dividend7.26
Dividend Growth(5Y)14.61%
DP24.55%
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)2.87%
PT rev (3m)27.58%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-0.12%
EPS NY rev (1m)0.15%
EPS NY rev (3m)4.08%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.5%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.21%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 44.85 | ||
| Fwd PE | 40.91 | ||
| P/S | 13.11 | ||
| P/FCF | 45.34 | ||
| P/OCF | 34.01 | ||
| P/B | 19.58 | ||
| P/tB | 35.8 | ||
| EV/EBITDA | 31.61 |
EPS(TTM)28.32
EY2.23%
EPS(NY)31.05
Fwd EY2.44%
FCF(TTM)28.01
FCFY2.21%
OCF(TTM)37.34
OCFY2.94%
SpS96.88
BVpS64.86
TBVpS35.48
PEG (NY)1.44
PEG (5Y)1.75
Graham Number203.29
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 | 11.46 |
F-Score8
WACC10.27%
ROIC/WACC3.18
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 Y31.25%
EPS Next 2Y17.48%
EPS Next 3Y19.72%
EPS Next 5Y19.44%
Revenue 1Y (TTM)2.56%
Revenue growth 3Y14.94%
Revenue growth 5Y19.05%
Sales Q2Q%0.65%
Revenue Next Year16.7%
Revenue Next 2Y10.56%
Revenue Next 3Y12.02%
Revenue Next 5Y12.1%
EBIT growth 1Y40.28%
EBIT growth 3Y13.31%
EBIT growth 5Y29.61%
EBIT Next Year39.88%
EBIT Next 3Y21.29%
EBIT Next 5Y19.19%
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.
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 44.85 and the Price/Book (PB) ratio is 19.58.
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 31.25% in the next year.