A Look At The Fair Value Of ASML Holding N.V. (AMS:ASML)
In this article we are going to estimate the intrinsic value of ASML Holding N.V. ( AMS:ASML ) by estimating the...
Dutch (AEX) Market Analysis & Valuation
UpdatedMay 23, 2022
DataAggregated Company Financials
Companies119
- 7D-1.6%
- 3M-10.5%
- 1Y-17.0%
- YTD-23.6%
Over the last 7 days, the market has dropped 1.6%, driven by a loss of 3.9% in the Information Technology sector. In contrast, the Consumer Discretionary sector has actually gained 3.2%. As for last year, the market is also down 17%. Looking forward, earnings are forecast to grow by 2.1% annually.
Trending IndustriesSoftware
Market Valuation and Performance
Has the Dutch Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE |
|---|---|---|---|---|
| Mon, 23 May 2022 | €878.4b | €514.2b | €75.8b | 15x |
| Wed, 20 Apr 2022 | €942.5b | €520.2b | €74.0b | 16.6x |
| Fri, 18 Mar 2022 | €1.1t | €726.8b | €73.0b | 17.2x |
| Sun, 13 Feb 2022 | €1.4t | €939.4b | €83.6b | 19.9x |
| Tue, 11 Jan 2022 | €1.3t | €701.6b | €59.5b | 21x |
| Thu, 09 Dec 2021 | €1.4t | €703.8b | €59.5b | 21.6x |
| Sat, 06 Nov 2021 | €1.4t | €695.7b | €42.5b | 22x |
| Mon, 04 Oct 2021 | €1.3t | €668.9b | €40.6b | 20.9x |
| Wed, 01 Sep 2021 | €1.3t | €663.5b | €40.3b | 23.1x |
| Thu, 08 Jul 2021 | €1.1t | €663.2b | €40.2b | 21.6x |
| Wed, 31 Mar 2021 | €1.1t | €630.6b | €7.9b | 27.6x |
| Sat, 02 Jan 2021 | €936.0b | €584.5b | -€4,900,346,588.00 | 24.9x |
| Tue, 06 Oct 2020 | €792.9b | €617.6b | -€2,876,833,627.20 | 22.3x |
| Fri, 10 Jul 2020 | €827.6b | €665.9b | €6.5b | 20.6x |
| Thu, 02 Apr 2020 | €693.2b | €720.5b | €31.5b | 14.4x |
| Sun, 05 Jan 2020 | €913.8b | €782.8b | €43.2b | 17.9x |
| Wed, 09 Oct 2019 | €892.4b | €795.7b | €49.0b | 17.9x |
| Tue, 02 Jul 2019 | €780.4b | €773.3b | €44.8b | 17.8x |
Median PE Ratio
16.6x
Current Market PE
- Investors are pessimistic on the market, indicating that they anticipate earnings will not grow as fast as they have historically.
- The market is trading at a PE ratio of 15.0x which is lower than its 3-year average PE of 20.4x.
- This is at odds with analyst estimates, who expect earnings to grow in the future.
Past Earnings Growth
- The earnings for Dutch listed companies have grown 15% per year over the last three years.
- Meanwhile revenues for these companies have declined 13% 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 | -1.58% | |
| Utilities | 10.45% | |
| Consumer Discretionary | 3.15% | |
| Energy | 0.79% | |
| Telecom | 0.49% | |
| Industrials | 0.27% | |
| Materials | -0.083% | |
| Healthcare | -0.87% | |
| Real Estate | -1.01% | |
| Financials | -1.03% | |
| Tech | -3.86% | |
| Consumer Staples | -4.52% | |
Sector PE
- Investors are most optimistic about the Healthcare sector which is trading above its 3-year average PE ratio of 29.6x.
- This is likely because analysts are expecting annual earnings growth of 29% which is higher than its past year's earnings decline of 64% per year.
- Investors are most pessimistic about the Financials sector, which is trading below its 3-year average of 8.0x.
Forecasted Growth
- Analysts are most optimistic on the Utilities sector, expecting annual earnings growth of 98% over the next 5 years.
- In contrast, the Consumer Discretionary sector is expected to see its earnings decline by 37% 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 | |
|---|---|---|---|---|---|---|
| PRX Prosus | €45.47 | 3.5% +€4.0b | -45.6% | PS6x | Consumer Discretionary | |
| MT ArcelorMittal | €27.40 | 3.6% +€434.5m | 7.9% | PS1.5x | Materials | |
| INPST InPost | €6.36 | 12.7% +€358.0m | -57.6% | PS31.8x | Industrials | |
| INGA ING Groep | €9.41 | 1.0% +€336.2m | -15.0% | PB0.7x | Financials | |
| ALLFG Allfunds Group | €8.28 | 6.6% +€324.2m | -38.4% | PS48.4x | Financials |
