ASML HOLDING NV-NY REG SHS (ASML) Fundamental Analysis & Valuation

NASDAQ:ASML • USN070592100

Current stock price

1378.89 USD
-53.55 (-3.74%)
Last:

This ASML fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

9

1. ASML Profitability Analysis

1.1 Basic Checks

  • In the past year ASML was profitable.
  • In the past year ASML had a positive cash flow from operations.
  • ASML had positive earnings in each of the past 5 years.
  • Each year in the past 5 years ASML had a positive operating cash flow.
ASML Yearly Net Income VS EBIT VS OCF VS FCFASML Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

1.2 Ratios

  • With an excellent Return On Assets value of 26.44%, ASML belongs to the best of the industry, outperforming 97.39% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 60.75%, ASML belongs to the top of the industry, outperforming 95.65% of the companies in the same industry.
  • The Return On Invested Capital of ASML (45.44%) is better than 99.13% of its industry peers.
  • ASML had an Average Return On Invested Capital over the past 3 years of 28.63%. This is significantly above the industry average of 10.73%.
  • The last Return On Invested Capital (45.44%) for ASML is above the 3 year average (28.63%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 26.44%
ROE 60.75%
ROIC 45.44%
ROA(3y)17.7%
ROA(5y)17.73%
ROE(3y)43.4%
ROE(5y)47.73%
ROIC(3y)28.63%
ROIC(5y)28.52%
ASML Yearly ROA, ROE, ROICASML Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40 50

1.3 Margins

  • Looking at the Profit Margin, with a value of 30.66%, ASML belongs to the top of the industry, outperforming 89.57% of the companies in the same industry.
  • In the last couple of years the Profit Margin of ASML has grown nicely.
  • The Operating Margin of ASML (36.02%) is better than 93.04% of its industry peers.
  • In the last couple of years the Operating Margin of ASML has grown nicely.
  • ASML has a better Gross Margin (52.15%) than 66.96% of its industry peers.
  • In the last couple of years the Gross Margin of ASML has grown nicely.
Industry RankSector Rank
OM 36.02%
PM (TTM) 30.66%
GM 52.15%
OM growth 3Y2.19%
OM growth 5Y3.98%
PM growth 3Y1.15%
PM growth 5Y3.4%
GM growth 3Y1.44%
GM growth 5Y2.61%
ASML Yearly Profit, Operating, Gross MarginsASML Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40 50

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8

2. ASML Health Analysis

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 has been reduced compared to 1 year ago.
  • Compared to 5 years ago, ASML has less shares outstanding
  • ASML has a better debt/assets ratio than last year.
ASML Yearly Shares OutstandingASML Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M
ASML Yearly Total Debt VS Total AssetsASML Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B 40B 50B

2.2 Solvency

  • ASML has an Altman-Z score of 11.60. This indicates that ASML is financially healthy and has little risk of bankruptcy at the moment.
  • ASML's Altman-Z score of 11.60 is fine compared to the rest of the industry. ASML outperforms 71.30% of its industry peers.
  • The Debt to FCF ratio of ASML is 0.42, which is an excellent value as it means it would take ASML, only 0.42 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of ASML (0.42) is better than 80.87% of its industry peers.
  • A Debt/Equity ratio of 0.12 indicates that ASML is not too dependend on debt financing.
  • ASML has a Debt to Equity ratio (0.12) which is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.12
Debt/FCF 0.42
Altman-Z 11.6
ROIC/WACC3.86
WACC11.76%
ASML Yearly LT Debt VS Equity VS FCFASML Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B

2.3 Liquidity

  • A Current Ratio of 1.24 indicates that ASML should not have too much problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 1.24, ASML is doing worse than 89.57% of the companies in the same industry.
  • A Quick Ratio of 0.77 indicates that ASML may have some problems paying its short term obligations.
  • With a Quick ratio value of 0.77, ASML is not doing good in the industry: 92.17% of the companies in the same industry are doing better.
  • 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 RankSector Rank
Current Ratio 1.24
Quick Ratio 0.77
ASML Yearly Current Assets VS Current LiabilitesASML Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

7

3. ASML Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 16.90% over the past year.
  • The Earnings Per Share has been growing by 23.86% on average over the past years. This is a very strong growth
  • The Revenue has grown by 15.58% in the past year. This is quite good.
  • The Revenue has been growing by 18.50% on average over the past years. This is quite good.
EPS 1Y (TTM)16.9%
EPS 3Y20.41%
EPS 5Y23.86%
EPS Q2Q%19.17%
Revenue 1Y (TTM)15.58%
Revenue growth 3Y15.55%
Revenue growth 5Y18.5%
Sales Q2Q%13.25%

3.2 Future

  • ASML is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 20.95% yearly.
  • The Revenue is expected to grow by 13.75% on average over the next years. This is quite good.
EPS Next Y22.44%
EPS Next 2Y26.38%
EPS Next 3Y22.61%
EPS Next 5Y20.95%
Revenue Next Year15.71%
Revenue Next 2Y17.59%
Revenue Next 3Y14.56%
Revenue Next 5Y13.75%

3.3 Evolution

  • The EPS growth rate is stable: in the next years the growth will be about the same than in the last 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.
ASML Yearly Revenue VS EstimatesASML Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 20B 40B 60B 80B
ASML Yearly EPS VS EstimatesASML Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 20 40 60 80

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5

4. ASML Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 45.37, the valuation of ASML can be described as expensive.
  • Based on the Price/Earnings ratio, ASML is valued a bit cheaper than the industry average as 73.91% of the companies are valued more expensively.
  • ASML's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 27.15.
  • The Price/Forward Earnings ratio is 29.72, which means the current valuation is very expensive for ASML.
  • 75.65% of the companies in the same industry are more expensive than ASML, based on the Price/Forward Earnings ratio.
  • ASML is valuated rather expensively when we compare the Price/Forward Earnings ratio to 22.12, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 45.37
Fwd PE 29.72
ASML Price Earnings VS Forward Price EarningsASML Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, ASML is valued cheaply inside the industry as 82.61% of the companies are valued more expensively.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of ASML indicates a rather cheap valuation: ASML is cheaper than 81.74% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 40.98
EV/EBITDA 24.83
ASML Per share dataASML EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 50 100

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • ASML has an outstanding profitability rating, which may justify a higher PE ratio.
  • ASML's earnings are expected to grow with 22.61% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.02
PEG (5Y)1.9
EPS Next 2Y26.38%
EPS Next 3Y22.61%

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5

5. ASML Dividend Analysis

5.1 Amount

  • With a yearly dividend of 0.61%, ASML is not a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 0.42, ASML pays a better dividend. On top of this ASML pays more dividend than 82.61% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.82, ASML's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.61%

5.2 History

  • The dividend of ASML is nicely growing with an annual growth rate of 20.76%!
  • ASML has paid a dividend for at least 10 years, which is a reliable track record.
  • ASML has decreased its dividend in the last 3 years.
Dividend Growth(5Y)20.76%
Div Incr Years2
Div Non Decr Years2
ASML Yearly Dividends per shareASML Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2 4 6

5.3 Sustainability

  • ASML pays out 17.36% of its income as dividend. This is a sustainable payout ratio.
  • ASML's earnings are growing around the same pace than its dividend. As long as the earnings growth is kept the dividend growth is sustainable.
DP17.36%
EPS Next 2Y26.38%
EPS Next 3Y22.61%
ASML Yearly Income VS Free CF VS DividendASML Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B
ASML Dividend Payout.ASML Dividend Payout, showing the Payout Ratio.ASML Dividend Payout.PayoutRetained Earnings

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ASML Fundamentals: All Metrics, Ratios and Statistics

ASML HOLDING NV-NY REG SHS

NASDAQ:ASML (4/28/2026, 12:55:36 PM)

1378.89

-53.55 (-3.74%)

Chartmill FA Rating
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)04-15
Earnings (Next)07-15
Inst Owners45.24%
Inst Owner Change-0.02%
Ins Owners0.01%
Ins Owner ChangeN/A
Market Cap535.22B
Revenue(TTM)32.67B
Net Income(TTM)14.69B
Analysts78.57
Price Target1631.36 (18.31%)
Short Float %0.19%
Short Ratio0.44
Dividend
Industry RankSector Rank
Dividend Yield 0.61%
Yearly Dividend7.67
Dividend Growth(5Y)20.76%
DP17.36%
Div Incr Years2
Div Non Decr Years2
Ex-Date04-27
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-3.12%
Min EPS beat(2)-4.81%
Max EPS beat(2)-1.44%
EPS beat(4)2
Avg EPS beat(4)1.71%
Min EPS beat(4)-4.81%
Max EPS beat(4)11.23%
EPS beat(8)5
Avg EPS beat(8)3.9%
EPS beat(12)9
Avg EPS beat(12)5.26%
EPS beat(16)13
Avg EPS beat(16)6.06%
Revenue beat(2)0
Avg Revenue beat(2)-3.17%
Min Revenue beat(2)-5.4%
Max Revenue beat(2)-0.95%
Revenue beat(4)1
Avg Revenue beat(4)-2.28%
Min Revenue beat(4)-5.4%
Max Revenue beat(4)0.27%
Revenue beat(8)4
Avg Revenue beat(8)-1.08%
Revenue beat(12)7
Avg Revenue beat(12)-0.26%
Revenue beat(16)11
Avg Revenue beat(16)9.77%
PT rev (1m)-1.42%
PT rev (3m)30.58%
EPS NQ rev (1m)0.99%
EPS NQ rev (3m)11.06%
EPS NY rev (1m)0.28%
EPS NY rev (3m)10.75%
Revenue NQ rev (1m)0.81%
Revenue NQ rev (3m)7.1%
Revenue NY rev (1m)0.97%
Revenue NY rev (3m)10.87%
Valuation
Industry RankSector Rank
PE 45.37
Fwd PE 29.72
P/S 9.51
P/FCF 40.98
P/OCF 32.95
P/B 18.84
P/tB 32.13
EV/EBITDA 24.83
EPS(TTM)30.39
EY2.2%
EPS(NY)46.39
Fwd EY3.36%
FCF(TTM)33.65
FCFY2.44%
OCF(TTM)41.85
OCFY3.04%
SpS145.06
BVpS73.21
TBVpS42.92
PEG (NY)2.02
PEG (5Y)1.9
Graham Number223.733 (-83.77%)
Profitability
Industry RankSector Rank
ROA 26.44%
ROE 60.75%
ROCE 55.43%
ROIC 45.44%
ROICexc 79.43%
ROICexgc 181.2%
OM 36.02%
PM (TTM) 30.66%
GM 52.15%
FCFM 23.19%
ROA(3y)17.7%
ROA(5y)17.73%
ROE(3y)43.4%
ROE(5y)47.73%
ROIC(3y)28.63%
ROIC(5y)28.52%
ROICexc(3y)45.35%
ROICexc(5y)45.13%
ROICexgc(3y)91.3%
ROICexgc(5y)98.87%
ROCE(3y)34.92%
ROCE(5y)34.79%
ROICexgc growth 3Y6.72%
ROICexgc growth 5Y22.57%
ROICexc growth 3Y8.15%
ROICexc growth 5Y18.91%
OM growth 3Y2.19%
OM growth 5Y3.98%
PM growth 3Y1.15%
PM growth 5Y3.4%
GM growth 3Y1.44%
GM growth 5Y2.61%
F-Score7
Asset Turnover0.86
Health
Industry RankSector Rank
Debt/Equity 0.12
Debt/FCF 0.42
Debt/EBITDA 0.16
Cap/Depr 189.17%
Cap/Sales 5.66%
Interest Coverage 150.75
Cash Conversion 73.97%
Profit Quality 75.66%
Current Ratio 1.24
Quick Ratio 0.77
Altman-Z 11.6
F-Score7
WACC11.76%
ROIC/WACC3.86
Cap/Depr(3y)252.06%
Cap/Depr(5y)239.45%
Cap/Sales(3y)10.35%
Cap/Sales(5y)10.04%
Profit Quality(3y)86.81%
Profit Quality(5y)107.17%
High Growth Momentum
Growth
EPS 1Y (TTM)16.9%
EPS 3Y20.41%
EPS 5Y23.86%
EPS Q2Q%19.17%
EPS Next Y22.44%
EPS Next 2Y26.38%
EPS Next 3Y22.61%
EPS Next 5Y20.95%
Revenue 1Y (TTM)15.58%
Revenue growth 3Y15.55%
Revenue growth 5Y18.5%
Sales Q2Q%13.25%
Revenue Next Year15.71%
Revenue Next 2Y17.59%
Revenue Next 3Y14.56%
Revenue Next 5Y13.75%
EBIT growth 1Y25.35%
EBIT growth 3Y18.08%
EBIT growth 5Y23.22%
EBIT Next Year28.84%
EBIT Next 3Y23.37%
EBIT Next 5Y20.72%
FCF growth 1Y21.3%
FCF growth 3Y15.46%
FCF growth 5Y24.71%
OCF growth 1Y11.78%
OCF growth 3Y13.59%
OCF growth 5Y21.11%

ASML HOLDING NV-NY REG SHS / ASML Fundamental Analysis 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 5 / 10 to ASML HOLDING NV-NY REG SHS (ASML). This can be considered as Fairly Valued.


Can you provide the profitability details for ASML HOLDING NV-NY REG SHS?

ASML HOLDING NV-NY REG SHS (ASML) has a profitability rating of 9 / 10.


What are the PE and PB ratios of ASML HOLDING NV-NY REG SHS (ASML) stock?

The Price/Earnings (PE) ratio for ASML HOLDING NV-NY REG SHS (ASML) is 45.37 and the Price/Book (PB) ratio is 18.84.


Can you provide the dividend sustainability for ASML stock?

The dividend rating of ASML HOLDING NV-NY REG SHS (ASML) is 5 / 10 and the dividend payout ratio is 17.36%.