ENXTAM:ASML

Stock Analysis Report

Executive Summary

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems consisting of lithography related systems primarily in the Netherlands, the United States, and Asia.

Snowflake

Fundamentals

Excellent balance sheet with reasonable growth potential.


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


Market Performance


7 Day Return

2.1%

ENXTAM:ASML

3.1%

NL Semiconductor

1.2%

NL Market


1 Year Return

42.1%

ENXTAM:ASML

23.5%

NL Semiconductor

3.2%

NL Market

ASML outperformed the Semiconductor industry which returned 23.8% over the past year.

ASML outperformed the Market in Netherlands which returned 3.4% over the past year.


Share holder returns

ASMLIndustryMarket
7 Day2.1%3.1%1.2%
30 Day16.9%16.9%5.3%
90 Day28.9%27.9%0.2%
1 Year43.7%42.1%25.2%23.5%7.7%3.2%
3 Year148.9%141.6%101.1%93.5%44.7%28.8%
5 Year201.5%186.9%143.7%126.9%55.3%23.9%

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 based on future cash flows and its price relative to the stock market?

41.1x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

ASML Holding's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

ASML Holding's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

ASML Holding is overvalued based on earnings compared to the Europe Semiconductor industry average.

ASML Holding is overvalued based on earnings compared to the Netherlands market.


Price Based on Expected Growth

ASML Holding is poor value based on expected growth next year.


Price Based on Value of Assets

ASML Holding is overvalued based on assets compared to the Europe Semiconductor industry average.


Next Steps

Future Growth

How is ASML Holding expected to perform in the next 1 to 3 years based on estimates from 32 analysts?

20.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

ASML Holding's revenue is expected to grow by 9.7% yearly, however this is not considered high growth (20% yearly).

ASML Holding's earnings are expected to grow by 20% yearly, however this is not considered high growth (20% yearly).

ASML Holding's revenue growth is expected to exceed the Netherlands market average.

ASML Holding's earnings growth is expected to exceed the Netherlands market average.

ASML Holding's earnings growth is expected to exceed the low risk savings rate of 0.4%.


Earnings per Share Growth Estimates


Future Return on Equity

ASML Holding is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).


Next Steps

Past Performance

How has ASML Holding performed over the past 5 years?

12.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

ASML Holding's year on year earnings growth rate has been positive over the past 5 years.

ASML Holding's 1-year earnings growth is less than its 5-year average (1.3% vs 12%)

ASML Holding's earnings growth has exceeded the Europe Semiconductor industry average in the past year (1.3% vs -10.8%).


Return on Equity

ASML Holding has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

ASML Holding used its assets more efficiently than the Europe Semiconductor industry average last year based on Return on Assets.


Return on Capital Employed

ASML Holding has improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is ASML Holding's financial position?


Financial Position Analysis

ASML Holding is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

ASML Holding's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

ASML Holding's level of debt (25.9%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has increased over the past 5 years (14.4% vs 25.9% today).

Debt is well covered by operating cash flow (58.5%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 81x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 3.3x debt.


Next Steps

Dividend

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

1.18%

Expected Dividend Yield


Dividend Yield and Payments Analysis

ASML Holding's pays a lower dividend yield than the bottom 25% of dividend payers in Netherlands (2.24%).

ASML Holding's dividend is below the markets top 25% of dividend payers in Netherlands (5.83%).

ASML Holding is not paying a notable dividend for Netherlands, therefore no need to check if the payments are stable.

ASML Holding is not paying a notable dividend for Netherlands, therefore no need to check if the payments are increasing.


Current Payout to Shareholders

No need to calculate the sustainability of ASML Holding's dividends as it is not paying a notable one for Netherlands.


Future Payout to Shareholders

No need to calculate the sustainability of ASML Holding's dividends in 3 years as they are not expected to pay a notable one for Netherlands.


Next Steps

Management

What is the CEO of ASML Holding's salary, the management and board of directors tenure and is there insider trading?

6.2yrs

Average management tenure


CEO

Peter T. F. Wennink (62yo)

6.2yrs

Tenure

€3,540,890

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 In ...


CEO Compensation Analysis

Peter T. F.'s remuneration is about average for companies of similar size in Netherlands.

Peter T. F.'s compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

6.2yrs

Average Tenure

58.5yo

Average Age

The average tenure for the ASML Holding management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

4.4yrs

Average Tenure

66yo

Average Age

The tenure for the ASML Holding board of directors is about average.


Insider Trading

ASML Holding individual insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Sell€1,007,00029 Aug 19
Frits van Hout
EntityIndividual
Role
Member of Management Board
Executive VP
Shares5,035
Max Price€200.00
Sell€1,000,00029 Aug 19
Frederic J. Schneider-Maunoury
EntityIndividual
Role
Chief Operating Officer
Executive VP
Shares5,000
Max Price€200.00
Sell€965,95006 Aug 19
Frederic J. Schneider-Maunoury
EntityIndividual
Role
Chief Operating Officer
Executive VP
Shares5,000
Max Price€193.19
Sell€1,203,41303 May 19
Peter T. F. Wennink
EntityIndividual
Role
Chief Executive Officer
President
Shares12,986
Max Price€185.34
Sell€1,203,41303 May 19
Martin van den Brink
EntityIndividual
Role
Co-President
President
Shares12,986
Max Price€185.34
Sell€813,27203 May 19
Frits van Hout
EntityIndividual
Role
Member of Management Board
Executive VP
Shares8,776
Max Price€185.34
Sell€569,92103 May 19
Frederic J. Schneider-Maunoury
EntityIndividual
Role
Chief Operating Officer
Executive VP
Shares6,150
Max Price€185.34
Buy€501,90022 Nov 18
Martin van den Brink
EntityIndividual
Role
Co-President
President
Shares3,500
Max Price€143.40
Buy€994,16019 Nov 18
Martin van den Brink
EntityIndividual
Role
Co-President
President
Shares6,800
Max Price€146.20
Buy€999,37215 Nov 18
Peter T. F. Wennink
EntityIndividual
Role
Chief Executive Officer
President
Shares6,600
Max Price€151.42
Buy€75,51014 Nov 18
Frits van Hout
EntityIndividual
Role
Member of Management Board
Executive VP
Shares500
Max Price€151.02

Ownership Breakdown


Management Team

  • Martin van den Brink (62yo)

    President

    • Tenure: 6.2yrs
    • Compensation: €3.54m
  • Peter T. F. Wennink (62yo)

    President

    • Tenure: 6.2yrs
    • Compensation: €3.54m
  • Jim Koonmen

    Executive VP of Applications Business

    • Tenure: 0yrs
  • Frits van Hout (59yo)

    Executive VP

    • Tenure: 10.5yrs
    • Compensation: €2.23m
  • Robert Roelofs

    Company Secretary

    • Tenure: 17.7yrs
  • Frederic J. Schneider-Maunoury (58yo)

    Executive VP

    • Tenure: 9.7yrs
    • Compensation: €2.23m
  • Roger Dassen (54yo)

    Executive VP

    • Tenure: 1.3yrs
    • Compensation: €1.19m
  • Skip Miller

    Vice President of Investor Relations

    • Tenure: 0yrs
  • Christophe Fouquet (46yo)

    Executive VP of EUV & Member of Management Board

    • Tenure: 1.4yrs
    • Compensation: €1.14m
  • Ron Kool

    Executive Vice President of Business Line DUV

    • Tenure: 0yrs

Board Members

  • Gerard Kleisterlee (73yo)

    Chairman of Supervisory Board

    • Tenure: 3.4yrs
    • Compensation: €138.00k
  • Wolfgang Ziebart (69yo)

    Member of the Supervisory Board

    • Tenure: 10.5yrs
    • Compensation: €82.00k
  • Hans Stork (65yo)

    Member of the Supervisory Board

    • Tenure: 5.4yrs
    • Compensation: €100.00k
  • Doug Grose (69yo)

    Vice Chairman of the Supervisory Board

    • Tenure: 0yrs
    • Compensation: €115.00k
  • Rolf-Dieter Schwalb (67yo)

    Member of the Supervisory Board

    • Tenure: 4.4yrs
    • Compensation: €88.00k
  • Annet Aris (61yo)

    Member of the Supervisory Board

    • Tenure: 4.4yrs
    • Compensation: €80.00k
  • Carla Smits-Nusteling (53yo)

    Member of the Supervisory Board

    • Tenure: 6.4yrs
    • Compensation: €80.00k
  • Terri Kelly (58yo)

    Member of the Supervisory Board

    • Tenure: 1.4yrs
    • Compensation: €60.00k

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: €94.234b
  • Shares outstanding: 420.97m
  • Website: https://www.asml.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ASML HOLDBOVESPA (Bolsa de Valores de Sao Paulo)BDR EACH REPR 1 ADRBRBRLNo data
ASMLABATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJan 1992
ASMLENXTAM (Euronext Amsterdam)YesOrdinary SharesNLEURJan 1992
ASMEDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
ASMLSWX (SIX Swiss Exchange)YesOrdinary SharesCHCHFJan 1992
ASMLBIT (Borsa Italiana)YesOrdinary SharesITEURJan 1992
ASML.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
0QB8LSE (London Stock Exchange)YesOrdinary SharesGBEURJan 1992
ASMEXTRA (XETRA Trading Platform)YesOrdinary SharesDEEURJan 1992
ASMLWBAG (Wiener Boerse AG)YesOrdinary SharesATEURJan 1992
ASML NBMV (Bolsa Mexicana de Valores)YesOrdinary SharesMXMXNJan 1992
ASMFDB (Deutsche Boerse AG)EUR0.09 NY REG 2012DEEURMar 1995
ASMLNasdaqGS (Nasdaq Global Select)EUR0.09 NY REG 2012USUSDMar 1995

Biography

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems consisting of lithography related systems primarily in the Netherlands, the United States, and As ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/16 20:43
End of Day Share Price2019/09/16 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.