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Market Cap

€299.8b

Last Updated

2021/09/22 17:58 UTC

Data Sources

Company Financials +

Executive Summary

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems consisting of lithography, metrology, and inspection related systems for memory and logic chipmakers. More Details

Rewards

Earnings are forecast to grow 14.2% per year

Earnings have grown 21% per year over the past 5 years

Risk Analysis

No risks detected for ASML from our risk checks.


Snowflake Analysis

Excellent balance sheet with solid track record.


Similar Companies

Share Price & News

How has ASML Holding's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ASML is not significantly more volatile than the rest of Dutch stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: ASML's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

-0.9%

ASML

-2.2%

NL Semiconductor

-1.3%

NL Market


1 Year Return

136.8%

ASML

106.6%

NL Semiconductor

37.7%

NL Market

Return vs Industry: ASML exceeded the Dutch Semiconductor industry which returned 106.6% over the past year.

Return vs Market: ASML exceeded the Dutch Market which returned 37.7% over the past year.


Shareholder returns

ASMLIndustryMarket
7 Day-0.9%-2.2%-1.3%
30 Day7.6%6.0%1.2%
90 Day26.9%21.7%3.5%
1 Year138.4%136.8%108.0%106.6%39.5%37.7%
3 Year370.0%357.3%227.7%207.3%45.8%32.9%
5 Year695.2%659.4%403.9%354.1%95.0%64.5%

Long-Term Price Volatility Vs. Market

How volatile is ASML Holding's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is ASML Holding undervalued compared to its fair value and its price relative to the market?

63.3x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ASML (€738.7) is trading above our estimate of fair value (€473.54)

Significantly Below Fair Value: ASML is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: ASML is poor value based on its PE Ratio (63.3x) compared to the European Semiconductor industry average (45.7x).

PE vs Market: ASML is poor value based on its PE Ratio (63.3x) compared to the Dutch market (22x).


Price to Earnings Growth Ratio

PEG Ratio: ASML is poor value based on its PEG Ratio (4.5x)


Price to Book Ratio

PB vs Industry: ASML is overvalued based on its PB Ratio (25x) compared to the XE Semiconductor industry average (4.7x).


Future Growth

How is ASML Holding forecast to perform in the next 1 to 3 years based on estimates from 30 analysts?

14.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ASML's forecast earnings growth (14.2% per year) is above the savings rate (0.1%).

Earnings vs Market: ASML's earnings (14.2% per year) are forecast to grow faster than the Dutch market (11.9% per year).

High Growth Earnings: ASML's earnings are forecast to grow, but not significantly.

Revenue vs Market: ASML's revenue (10.6% per year) is forecast to grow faster than the Dutch market (9.1% per year).

High Growth Revenue: ASML's revenue (10.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ASML's Return on Equity is forecast to be very high in 3 years time (41.3%).


Past Performance

How has ASML Holding performed over the past 5 years?

21.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ASML has high quality earnings.

Growing Profit Margin: ASML's current net profit margins (28.8%) are higher than last year (22.8%).


Past Earnings Growth Analysis

Earnings Trend: ASML's earnings have grown significantly by 21% per year over the past 5 years.

Accelerating Growth: ASML's earnings growth over the past year (63.1%) exceeds its 5-year average (21% per year).

Earnings vs Industry: ASML earnings growth over the past year (63.1%) underperformed the Semiconductor industry 64.3%.


Return on Equity

High ROE: ASML's Return on Equity (39.5%) is considered high.


Financial Health

How is ASML Holding's financial position?


Financial Position Analysis

Short Term Liabilities: ASML's short term assets (€16.7B) exceed its short term liabilities (€8.8B).

Long Term Liabilities: ASML's short term assets (€16.7B) exceed its long term liabilities (€7.0B).


Debt to Equity History and Analysis

Debt Level: ASML's debt to equity ratio (38.3%) is considered satisfactory.

Reducing Debt: ASML's debt to equity ratio has increased from 12.8% to 38.3% over the past 5 years.

Debt Coverage: ASML's debt is well covered by operating cash flow (161.9%).

Interest Coverage: ASML's interest payments on its debt are well covered by EBIT (144.2x coverage).


Balance Sheet


Dividend

What is ASML Holding current dividend yield, its reliability and sustainability?

0.37%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ASML's dividend (0.37%) isn’t notable compared to the bottom 25% of dividend payers in the Dutch market (1.39%).

High Dividend: ASML's dividend (0.37%) is low compared to the top 25% of dividend payers in the Dutch market (4.71%).


Stability and Growth of Payments

Stable Dividend: ASML is not paying a notable dividend for the Dutch market, therefore no need to check if payments are stable.

Growing Dividend: ASML is not paying a notable dividend for the Dutch market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: ASML is not paying a notable dividend for the Dutch market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ASML's dividend in 3 years as they are not forecast to pay a notable one for the Dutch market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.4yrs

Average management tenure


CEO

Peter T. F. Wennink (64 yo)

8.17yrs

Tenure

€4,564,000

Compensation

Mr. Peter T. F. M. Wennink has been the Chief Executive Officer and President at ASML Holding NV. since July 1, 2013 and its Member of Management Board since July 1, 1999. Mr. Wennink was previously an Int...


CEO Compensation Analysis

Compensation vs Market: Peter T. F.'s total compensation ($USD5.36M) is above average for companies of similar size in the Dutch market ($USD3.02M).

Compensation vs Earnings: Peter T. F.'s compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: ASML's management team is seasoned and experienced (6.4 years average tenure).


Board Members

Experienced Board: ASML's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

ASML Holding N.V.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: ASML Holding N.V.
  • Ticker: ASML
  • Exchange: ENXTAM
  • Founded: 1984
  • Industry: Semiconductor Equipment
  • Sector: Semiconductors
  • Market Cap: €299.834b
  • Shares outstanding: 409.78m
  • Website: https://www.asml.com

Number of Employees


Location

  • ASML Holding N.V.
  • De Run 6501
  • Veldhoven
  • Noord-Brabant
  • 5504 DR
  • Netherlands

Listings


Biography

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems consisting of lithography, metrology, and inspection related systems for memory and logic chipmak...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/22 17:58
End of Day Share Price2021/09/22 00:00
Earnings2021/07/04
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.