Financials ASML Holding N.V.

Equities

ASML

NL0010273215

Semiconductor Equipment & Testing

Market Closed - Euronext Amsterdam Other stock markets 11:37:42 2025-06-13 am EDT			5-day change	1st Jan Change
664.60 ^EUR	-1.77%		-0.45%	-2.08%

May. 29	European shares ease as trade uncertainty lingers after court blocks Trump's tariffs	RE
May. 29	ASML Calls for Stable Dutch Tax Policy After Expat Tax Reversal	MT

Projected Income Statement: ASML Holding N.V.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	13,978	18,611	21,173	27,558	28,263	32,282	35,159	39,572
Change	-	33.14%	13.77%	30.16%	2.56%	14.22%	8.91%	12.55%
EBITDA ¹	4,542	7,007	7,084	9,782	9,941	11,787	13,360	15,953
Change	-	54.27%	1.1%	38.08%	1.63%	18.57%	13.35%	19.41%
EBIT ¹	4,052	6,536	6,501	9,042	9,023	10,808	12,219	14,525
Change	-	61.33%	-0.55%	39.1%	-0.22%	19.79%	13.06%	18.87%
Interest Paid ¹	-34.9	-44.6	-44.6	41.2	19.8	-19.33	-40.22	-54.5
Earnings before Tax (EBT) ¹	4,017	6,706	6,456	9,084	9,042	10,952	12,440	14,848
Change	-	66.94%	-3.72%	40.7%	-0.45%	21.12%	13.58%	19.36%
Net income ¹	3,554	5,883	5,624	7,839	7,572	9,144	10,343	12,144
Change	-	65.55%	-4.4%	39.38%	-3.41%	20.77%	13.11%	17.42%
Announcement Date	1/20/21	1/19/22	1/25/23	1/24/24	1/29/25	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1
Net sales ¹	3,326	3,958	4,254	4,364	4,020	5,241	4,986	3,534	5,431	5,778	6,430	6,746	6,902	6,673	7,237	5,290	6,243	7,467	9,263	7,742	7,572	8,216	8,824	7,910	8,162	8,980	9,483	8,012
Change	-	19%	7.48%	2.58%	-7.88%	30.37%	-4.87%	-29.12%	53.68%	6.39%	11.29%	4.91%	2.31%	-3.32%	8.45%	-26.9%	18.02%	19.61%	24.04%	-16.42%	-2.2%	8.51%	7.41%	-10.37%	3.19%	10.03%	5.59%	-15.51%
EBITDA ¹	1,030	1,338	1,629	1,678	1,352	2,036	1,942	915.6	1,785	2,076	2,307	2,375	2,444	2,359	2,604	1,606	2,062	2,676	3,596	2,979	2,634	2,909	3,301	3,050	3,426	3,633	3,888	3,239
Change	-	29.88%	21.77%	3.03%	-19.47%	50.59%	-4.61%	-52.85%	94.94%	16.33%	11.13%	2.94%	2.9%	-3.5%	10.4%	-38.33%	28.42%	29.78%	34.39%	-17.16%	-11.58%	10.41%	13.51%	-7.62%	12.34%	6.02%	7.03%	-16.69%
EBIT ¹	905	1,216	1,504	1,561	1,239	1,919	1,818	784.6	1,653	1,938	2,124	2,205	2,263	2,182	2,392	1,391	1,835	2,440	3,355	2,738	2,373	2,714	2,979	2,585	2,726	3,149	3,373	2,931
Change	-	34.35%	23.67%	3.78%	-20.61%	54.91%	-5.3%	-56.83%	110.73%	17.24%	9.58%	3.8%	2.63%	-3.56%	9.6%	-41.83%	31.85%	33.02%	37.49%	-18.4%	-13.32%	14.37%	9.76%	-13.24%	5.46%	15.5%	7.12%	-13.11%
Charge d'intérêts ¹	-7.1	-8.4	-8	-12.1	-9.8	-10.5	-12.2	-15.6	-10.8	-15.1	-3.1	12.2	16.7	7.1	5.2	26.2	-	-0.8	6.3	49.2	-11	-12.9	-13.4	-8.7	-9	-9.1	-10.1	-
Earnings before Tax (EBT) ¹	898	1,208	1,496	1,548	1,229	1,909	2,019	769	1,643	1,923	2,121	2,217	2,280	2,190	2,397	1,418	1,823	2,440	3,362	2,787	2,407	2,820	2,973	2,566	2,729	3,217	3,474	-
Change	-	34.47%	23.87%	3.53%	-20.62%	55.29%	5.77%	-61.91%	113.6%	17.09%	10.28%	4.53%	2.82%	-3.96%	9.48%	-40.86%	28.58%	33.89%	37.75%	-17.09%	-13.64%	17.16%	5.41%	-13.69%	6.36%	17.88%	7.98%	-
Net income ¹	751	1,062	1,350	1,331	1,038	1,740	1,774	695	1,411	1,702	1,816	1,956	1,942	1,893	2,048	1,224	1,578	2,076	2,693	2,355	2,004	2,312	2,502	2,176	2,327	2,650	2,823	2,490
Change	-	41.41%	27.17%	-1.41%	-22.02%	67.62%	1.94%	-60.82%	103.02%	20.59%	6.76%	7.67%	-0.72%	-2.49%	8.17%	-40.25%	28.93%	31.6%	29.71%	-12.56%	-14.91%	15.38%	8.21%	-13.01%	6.92%	13.87%	6.53%	-11.78%
Announcement Date	7/15/20	10/14/20	1/20/21	4/21/21	7/21/21	10/20/21	1/19/22	4/20/22	7/20/22	10/19/22	1/25/23	4/19/23	7/19/23	10/18/23	1/24/24	4/17/24	7/17/24	10/15/24	1/29/25	4/16/25	-	-	-	-	-	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2023 S1	2023 S2	2024 S2
Net sales ¹	13,648	13,910	16,730
Change	-	1.92%	20.27%
EBITDA	-	-	-
Change	-	-	-
EBIT	-	-	-
Change	-	-	-
Charge d'intérêts	-	-	-
Earnings before Tax (EBT)	-	-	-
Change	-	-	-
Net income	-	-	-
Change	-	-	-
Announcement Date	7/19/23	1/24/24	1/29/25

¹EUR in Million

Estimates

Forecast Balance Sheet: ASML Holding N.V.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	-2,689	-3,515	-3,862	-2,379	-9,064	-7,697	-11,218	-14,358
Change	-	-30.72%	-9.87%	38.4%	-281%	15.08%	-45.75%	-27.99%
Announcement Date	1/20/21	1/19/22	1/25/23	1/24/24	1/29/25	-	-	-

¹EUR in Million

Estimates

Cash Flow Forecast: ASML Holding N.V.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	962	900.7	1,282	2,156	2,067	1,867	1,944	2,044
Change	-	-6.37%	42.31%	68.17%	-4.1%	-9.67%	4.1%	5.15%
Free Cash Flow (FCF) ¹	3,666	9,945	7,205	3,288	9,099	6,012	8,644	10,762
Change	-	171.31%	-27.55%	-54.37%	176.75%	-33.93%	43.78%	24.5%
Announcement Date	1/20/21	1/19/22	1/25/23	1/24/24	1/29/25	-	-	-

¹EUR in Million

Estimates

Forecast Financial Ratios: ASML Holding N.V.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	32.49%	37.65%	33.46%	35.5%	35.17%	36.51%	38%	40.31%
EBIT Margin (%)	28.98%	35.12%	30.7%	32.81%	31.92%	33.48%	34.75%	36.7%
EBT Margin (%)	28.73%	36.03%	30.49%	32.96%	31.99%	33.93%	35.38%	37.52%
Net margin (%)	25.42%	31.61%	26.56%	28.44%	26.79%	28.33%	29.42%	30.69%
FCF margin (%)	26.22%	53.44%	34.03%	11.93%	32.19%	18.62%	24.59%	27.2%
FCF / Net Income (%)	103.15%	169.05%	128.11%	41.94%	120.17%	65.75%	83.57%	88.62%
Profitability
ROA	14.24%	20.46%	16.91%	20.56%	17.1%	18.33%	19.57%	20.98%
ROE	26.86%	49.01%	59.35%	70.42%	47.43%	48.8%	48.24%	48.56%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	6.88%	4.84%	6.05%	7.82%	7.31%	5.78%	5.53%	5.17%
CAPEX / EBITDA (%)	21.18%	12.85%	18.09%	22.04%	20.79%	15.84%	14.55%	12.81%
CAPEX / FCF (%)	26.24%	9.06%	17.79%	65.56%	22.72%	31.06%	22.49%	18.99%
Items per share
Cash flow per share ¹	11.04	26.43	13.44	13.81	28.37	25.36	28.91	34.61
Change	-	139.34%	-49.14%	2.77%	105.39%	-10.59%	13.98%	19.72%
Dividend per Share ¹	2.75	5.5	5.8	6.1	-	7.204	7.975	9.113
Change	-	100%	5.45%	5.17%	-	-	10.7%	14.26%
Book Value Per Share ¹	33.15	24.75	22.15	34.13	46.94	48.7	55.98	68.42
Change	-	-25.35%	-10.47%	54.07%	37.53%	3.75%	14.93%	22.22%
EPS ¹	8.48	14.34	14.13	19.89	19.24	23.36	26.85	32.7
Change	-	69.1%	-1.46%	40.76%	-3.27%	21.41%	14.96%	21.78%
Nbr of stocks (in thousands)	410,673	406,474	398,937	394,590	393,028	393,284	393,284	393,284
Announcement Date	1/20/21	1/19/22	1/25/23	1/24/24	1/29/25	-	-	-