1273.88 USD
+79.56 (+6.66%)
1274.04 USD
+0.16 (+0.01%)
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 not priced too expensively while it is growing strongly. Keep and eye on this one! These ratings would make ASML suitable 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.
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 (20.71%) 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.
ASML's Return On Invested Capital of 32.62% is amongst the best of the industry. ASML outperforms 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 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
ASML has a Profit Margin of 31.73%. This is amongst the best in the industry. ASML outperforms 90.27% of its industry peers.
In the last couple of years the Profit Margin of ASML has grown nicely.
ASML has a better Operating Margin (37.74%) than 95.58% of its industry peers.
ASML's Operating Margin has improved in the last couple of years.
ASML has a Gross Margin of 51.93%. This is in the better half of the industry: ASML outperforms 66.37% 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
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so ASML 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
The debt/assets ratio for ASML has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 11.45 indicates that ASML is not in any danger for bankruptcy at the moment.
The Altman-Z score of ASML (11.45) is better than 73.45% 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 80.53% of the companies in the same industry.
A Debt/Equity ratio of 0.17 indicates that ASML is not too dependend on debt financing.
ASML has a Debt to Equity ratio (0.17) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.17 | ||
| Debt/FCF | 0.51 | ||
| Altman-Z | 11.45 |
ROIC/WACC3.09
WACC10.55%
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 84.96% of its industry peers.
ASML has a Quick Ratio of 1.41. 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 0.79 is on the low side compared to the rest of the industry. ASML is outperformed by 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
The Earnings Per Share has grown by an impressive 37.61% 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
The Revenue has been growing slightly by 2.56% in the past year.
ASML shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 19.05% yearly.
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.
The Revenue is expected to grow by 12.10% on average over the next years. This is quite good.
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
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in 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
With a Price/Earnings ratio of 45.17, ASML can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Earnings ratio of ASML indicates a somewhat cheap valuation: ASML is cheaper than 66.37% of the companies listed in the same industry.
ASML's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 27.19.
The Price/Forward Earnings ratio is 41.20, which means the current valuation is very expensive for ASML.
The rest of the industry has a similar Price/Forward Earnings ratio as ASML.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.92, ASML is valued quite expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 45.17 | ||
| Fwd PE | 41.2 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ASML is valued a bit cheaper than the industry average as 65.49% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, ASML is valued a bit cheaper than 74.34% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 45.67 | ||
| EV/EBITDA | 31.56 |
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)1.45
PEG (5Y)1.76
EPS Next 2Y17.48%
EPS Next 3Y19.72%
5. Dividend
5.1 Amount
ASML has a yearly dividend return of 0.67%, which is pretty low.
ASML's Dividend Yield is rather good when compared to the industry average which is at 0.53. ASML pays more dividend than 81.42% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 1.92, ASML's dividend is way lower than the S&P500 average.
| 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 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.
The dividend of ASML is growing, but earnings are growing more, so the dividend growth is sustainable.
DP24.55%
EPS Next 2Y17.48%
EPS Next 3Y19.72%
1273.88
+79.56 (+6.66%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners44.3%
Inst Owner Change0%
Ins Owners0.01%
Ins Owner ChangeN/A
Market Cap494.46B
Revenue(TTM)28.26B
Net Income(TTM)10.20B
Analysts77.5
Price Target1167.04 (-8.39%)
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 | 45.17 | ||
| Fwd PE | 41.2 | ||
| P/S | 13.21 | ||
| P/FCF | 45.67 | ||
| P/OCF | 34.26 | ||
| P/B | 19.73 | ||
| P/tB | 36.06 | ||
| EV/EBITDA | 31.56 |
EPS(TTM)28.2
EY2.21%
EPS(NY)30.92
Fwd EY2.43%
FCF(TTM)27.89
FCFY2.19%
OCF(TTM)37.18
OCFY2.92%
SpS96.47
BVpS64.58
TBVpS35.33
PEG (NY)1.45
PEG (5Y)1.76
Graham Number202.43
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 | 11.45 |
F-Score8
WACC10.55%
ROIC/WACC3.09
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 45.17 and the Price/Book (PB) ratio is 19.73.
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.