Estimating The Fair Value Of ASML Holding N.V. (AMS:ASML)
May 01
Dutch (AEX) Market Analysis & Valuation
UpdatedMay 02, 2024
DataAggregated Company Financials
Companies102
- 7D-0.3%
- 3M4.6%
- 1Y17.3%
- YTD12.1%
Over the last 7 days, the market has remained flat, although notably the Healthcare sector gained 25% in that time. More promisingly, the market is up 17% over the past year. As for the next few years, earnings are expected to grow by 16% per annum.
Market Valuation and Performance
Has the Dutch Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 02 May 2024 | €1.1t | €564.9b | €44.8b | 15.7x | 23.5x | 1.9x |
| Sat, 30 Mar 2024 | €1.0t | €551.2b | €45.5b | 16.6x | 22.8x | 1.9x |
| Mon, 26 Feb 2024 | €1.0t | €566.3b | €48.4b | 16.6x | 20.7x | 1.8x |
| Wed, 24 Jan 2024 | €924.6b | €591.1b | €60.3b | 16x | 15.3x | 1.6x |
| Fri, 22 Dec 2023 | €923.0b | €594.4b | €60.1b | 16.5x | 15.4x | 1.6x |
| Sun, 19 Nov 2023 | €873.5b | €596.9b | €59.3b | 15.7x | 14.7x | 1.5x |
| Tue, 17 Oct 2023 | €820.1b | €592.9b | €50.4b | 15.6x | 16.3x | 1.4x |
| Thu, 14 Sep 2023 | €877.3b | €588.7b | €49.2b | 17x | 17.8x | 1.5x |
| Sat, 12 Aug 2023 | €897.0b | €575.2b | €47.6b | 16.8x | 18.9x | 1.6x |
| Mon, 10 Jul 2023 | €898.7b | €581.8b | €51.9b | 16.5x | 17.3x | 1.5x |
| Wed, 07 Jun 2023 | €914.9b | €585.6b | €48.3b | 16.9x | 18.9x | 1.6x |
| Fri, 05 May 2023 | €857.2b | €572.8b | €49.0b | 17.4x | 17.5x | 1.5x |
| Sun, 02 Apr 2023 | €906.0b | €565.4b | €50.6b | 16.2x | 17.9x | 1.6x |
| Tue, 28 Feb 2023 | €897.2b | €555.1b | €48.0b | 16.1x | 18.7x | 1.6x |
| Thu, 26 Jan 2023 | €912.7b | €540.3b | €53.8b | 15.6x | 17x | 1.7x |
| Sat, 24 Dec 2022 | €824.2b | €543.4b | €54.4b | 14.3x | 15.2x | 1.5x |
| Mon, 21 Nov 2022 | €854.8b | €545.5b | €67.7b | 14.2x | 12.6x | 1.6x |
| Wed, 19 Oct 2022 | €740.3b | €510.7b | €80.3b | 12.4x | 9.2x | 1.4x |
| Fri, 16 Sep 2022 | €795.3b | €514.3b | €73.5b | 12.8x | 10.8x | 1.5x |
| Sun, 14 Aug 2022 | €889.0b | €541.7b | €74.2b | 15.2x | 12x | 1.6x |
| Tue, 12 Jul 2022 | €813.1b | €520.0b | €76.1b | 15x | 10.7x | 1.6x |
| Thu, 09 Jun 2022 | €915.1b | €512.9b | €75.3b | 15.4x | 12.2x | 1.8x |
| Sat, 07 May 2022 | €878.4b | €529.6b | €75.7b | 16.2x | 11.6x | 1.7x |
| Mon, 04 Apr 2022 | €1.2t | €708.0b | €77.6b | 17.3x | 14.9x | 1.6x |
| Wed, 02 Mar 2022 | €1.3t | €947.6b | €91.6b | 17.8x | 14.4x | 1.4x |
| Fri, 28 Jan 2022 | €1.2t | €704.1b | €60.0b | 20.1x | 20.6x | 1.8x |
| Sun, 26 Dec 2021 | €1.3t | €704.3b | €59.5b | 21.3x | 21.7x | 1.8x |
| Tue, 23 Nov 2021 | €1.4t | €704.7b | €48.3b | 22.2x | 28.8x | 2x |
| Thu, 21 Oct 2021 | €1.4t | €675.4b | €41.7b | 21.9x | 33.1x | 2x |
| Sat, 18 Sep 2021 | €1.3t | €665.9b | €40.4b | 22.2x | 32.2x | 2x |
| Mon, 16 Aug 2021 | €1.3t | €663.5b | €40.3b | 22.5x | 31.9x | 1.9x |
| Mon, 31 May 2021 | €1.1t | €636.6b | €8.9b | 29.3x | 123.3x | 1.7x |
Price to Earnings Ratio
122.3x
Current Market PE
- Investors are optimistic on the Dutch market, and appear confident in strong long term growth rates.
- The market is trading at a PE ratio of 23.5x which is higher than its 3-year average PE of 21.3x.
Past Earnings Growth
- The earnings for Dutch listed companies have grown 71% per year over the last three years.
- Meanwhile revenues for these companies have declined 3.8% per year.
- This means that less sales are being generated overall, but since the cost of doing business is lower, profits are increasing.
Sector Trends
Which sectors have driven the changes within the Dutch Market?
| NL Market | -0.33% | |
| Healthcare | 24.79% | |
| Telecom | 1.80% | |
| Consumer Discretionary | 0.86% | |
| Materials | 0.74% | |
| Consumer Staples | 0.55% | |
| Tech | -0.44% | |
| Real Estate | -1.10% | |
| Industrials | -1.38% | |
| Energy | -2.07% | |
| Financials | -4.77% | |
| Utilities | -11.11% | |
Sector PE
- Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 19.6x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 41.0% which is higher than its past year's earnings decline of 46.0% per year.
Forecasted Growth
- Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 47% over the next 5 years.
- In contrast, the Consumer Discretionary sector is expected to see its earnings decline by 8.7% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| PHIA Koninklijke Philips | €25.25 | 31.1% +€5.4b | 39.7% | PS1.3x | Healthcare | |
| PRX Prosus | €31.51 | 2.3% +€1.6b | 4.1% | PE7.9x | Consumer Discretionary | |
| UMG Universal Music Group | €27.70 | 2.7% +€1.3b | 46.4% | PE40.1x | Telecom | |
| DSFIR DSM-Firmenich | €105.70 | 2.9% +€795.9m | -8.9% | PS2.6x | Materials | |
| ASM ASM International | €595.20 | 2.3% +€669.3m | 75.7% | PE53.8x | Tech |
