ASML HOLDING NV-NY REG SHS (ASML) Stock Fundamental Analysis
USA - NASDAQ:ASML - USN070592100
1016.96 USD
-12.24 (-1.19%)
1020 USD
+3.04 (+0.3%)
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 growing strongly while it is still valued neutral. This is a good combination! 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.
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 (20.71%) than 92.86% 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 94.64% of the companies in the same industry.
The Return On Invested Capital of ASML (32.62%) is better than 97.32% of its industry peers.
The Average Return On Invested Capital over the past 3 years for ASML is significantly above the industry average of 11.07%.
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
The Profit Margin of ASML (31.73%) is better than 92.86% of its industry peers.
ASML's Profit Margin has improved in the last couple of years.
With an excellent Operating Margin value of 37.74%, ASML belongs to the best of the industry, outperforming 94.64% of the companies in the same industry.
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 67.86% 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
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), ASML is creating value.
The number of shares outstanding for ASML remains at a similar level compared to 1 year ago.
ASML has less shares outstanding than it did 5 years ago.
The debt/assets ratio for ASML has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 9.75 indicates that ASML is not in any danger for bankruptcy at the moment.
With a decent Altman-Z score value of 9.75, ASML is doing good in the industry, outperforming 70.54% of the companies in the same industry.
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.
With a Debt to Equity ratio value of 0.17, ASML perfoms like the industry average, outperforming 49.11% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.17 | ||
| Debt/FCF | 0.51 | ||
| Altman-Z | 9.75 |
ROIC/WACC3.24
WACC10.07%
2.3 Liquidity
A Current Ratio of 1.41 indicates that ASML should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.41, ASML is doing worse than 84.82% of the companies in the same industry.
A Quick Ratio of 0.79 indicates that ASML may have some problems paying its short term obligations.
The Quick ratio of ASML (0.79) is worse than 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.
Measured over the past years, ASML shows a very strong growth in Earnings Per Share. The EPS has been growing by 25.62% on average per year.
ASML shows a small growth in Revenue. In the last year, the Revenue has grown by 2.56%.
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
ASML is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 17.19% yearly.
ASML is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 10.98% yearly.
EPS Next Y26.11%
EPS Next 2Y15%
EPS Next 3Y17.12%
EPS Next 5Y17.19%
Revenue Next Year16.46%
Revenue Next 2Y9.97%
Revenue Next 3Y11.18%
Revenue Next 5Y10.98%
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
Based on the Price/Earnings ratio of 36.41, the valuation of ASML can be described as expensive.
Compared to the rest of the industry, the Price/Earnings ratio of ASML indicates a somewhat cheap valuation: ASML is cheaper than 69.64% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 25.83, ASML is valued a bit more expensive.
With a Price/Forward Earnings ratio of 34.65, ASML can be considered very expensive at the moment.
ASML's Price/Forward Earnings ratio is in line with the industry average.
When comparing the Price/Forward Earnings ratio of ASML to the average of the S&P500 Index (32.68), we can say ASML is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 36.41 | ||
| Fwd PE | 34.65 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ASML is valued a bit cheaper than the industry average as 66.07% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of ASML indicates a somewhat cheap valuation: ASML is cheaper than 75.00% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 36.8 | ||
| EV/EBITDA | 25.71 |
4.3 Compensation for Growth
ASML's 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.
ASML's earnings are expected to grow with 17.12% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.39
PEG (5Y)1.42
EPS Next 2Y15%
EPS Next 3Y17.12%
5. Dividend
5.1 Amount
With a yearly dividend of 0.73%, ASML is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 2.13, ASML pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.37, ASML's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.73% |
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.
The dividend of ASML is growing around the same rate as the earnings are growing. If this keeps up the dividend growth is sustainable.
DP24.55%
EPS Next 2Y15%
EPS Next 3Y17.12%
1016.96
-12.24 (-1.19%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners43.25%
Inst Owner Change-1.42%
Ins Owners0.02%
Ins Owner ChangeN/A
Market Cap394.73B
Revenue(TTM)28.26B
Net Income(TTM)10.20B
Analysts76.59
Price Target1086.68 (6.86%)
Short Float %0.4%
Short Ratio0.97
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.73% |
Yearly Dividend7.21
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)22.8%
PT rev (3m)18.22%
EPS NQ rev (1m)-0.12%
EPS NQ rev (3m)-0.12%
EPS NY rev (1m)0%
EPS NY rev (3m)1.35%
Revenue NQ rev (1m)-0.5%
Revenue NQ rev (3m)-0.81%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.5%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 36.41 | ||
| Fwd PE | 34.65 | ||
| P/S | 10.64 | ||
| P/FCF | 36.8 | ||
| P/OCF | 27.61 | ||
| P/B | 15.9 | ||
| P/tB | 29.06 | ||
| EV/EBITDA | 25.71 |
EPS(TTM)27.93
EY2.75%
EPS(NY)29.35
Fwd EY2.89%
FCF(TTM)27.63
FCFY2.72%
OCF(TTM)36.83
OCFY3.62%
SpS95.57
BVpS63.98
TBVpS35
PEG (NY)1.39
PEG (5Y)1.42
Graham Number200.51
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 | 9.75 |
F-Score8
WACC10.07%
ROIC/WACC3.24
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 Y26.11%
EPS Next 2Y15%
EPS Next 3Y17.12%
EPS Next 5Y17.19%
Revenue 1Y (TTM)2.56%
Revenue growth 3Y14.94%
Revenue growth 5Y19.05%
Sales Q2Q%0.65%
Revenue Next Year16.46%
Revenue Next 2Y9.97%
Revenue Next 3Y11.18%
Revenue Next 5Y10.98%
EBIT growth 1Y40.28%
EBIT growth 3Y13.31%
EBIT growth 5Y29.61%
EBIT Next Year34.32%
EBIT Next 3Y18.15%
EBIT Next 5Y17.17%
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%.