Financials ASML Holding N.V.

Equities

ASML

NL0010273215

Semiconductor Equipment & Testing

Market Closed - Euronext Amsterdam 11:39:51 2024-05-24 am EDT 5-day change 1st Jan Change
880.5 EUR +0.47% Intraday chart for ASML Holding N.V. +3.22% +29.16%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 110,671 163,263 287,256 200,985 268,992 346,061 - -
Enterprise Value (EV) 1 109,061 160,574 283,740 197,123 266,613 342,174 341,117 336,467
P/E ratio 42.9 x 46.9 x 49.3 x 35.7 x 34.3 x 46.2 x 29.2 x 25.3 x
Yield 0.91% 0.69% 0.78% 1.15% 0.89% 0.77% 1% 1.12%
Capitalization / Revenue 9.36 x 11.7 x 15.4 x 9.49 x 9.76 x 12.5 x 9.56 x 8.77 x
EV / Revenue 9.23 x 11.5 x 15.2 x 9.31 x 9.67 x 12.4 x 9.42 x 8.52 x
EV / EBITDA 33.7 x 35.4 x 40.5 x 27.8 x 27.3 x 36 x 23.1 x 20.3 x
EV / FCF 43.5 x 43.8 x 28.5 x 27.4 x 81.1 x 69.1 x 36.9 x 28.4 x
FCF Yield 2.3% 2.28% 3.51% 3.66% 1.23% 1.45% 2.71% 3.52%
Price to Book 8.81 x 12 x 28.6 x 22.7 x 20 x 22.3 x 17.4 x 13.2 x
Nbr of stocks (in thousands) 419,686 410,673 406,474 398,937 394,590 393,028 - -
Reference price 2 263.7 397.6 706.7 503.8 681.7 880.5 880.5 880.5
Announcement Date 1/22/20 1/20/21 1/19/22 1/25/23 1/24/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 11,820 13,978 18,611 21,173 27,558 27,696 36,197 39,478
EBITDA 1 3,239 4,542 7,007 7,084 9,782 9,498 14,736 16,541
EBIT 1 2,791 4,052 6,536 6,501 9,042 8,674 13,617 15,383
Operating Margin 23.61% 28.98% 35.12% 30.7% 32.81% 31.32% 37.62% 38.97%
Earnings before Tax (EBT) 1 2,766 4,017 6,706 6,456 9,084 8,714 13,818 15,840
Net income 1 2,592 3,554 5,883 5,624 7,839 7,447 11,516 13,183
Net margin 21.93% 25.42% 31.61% 26.56% 28.44% 26.89% 31.82% 33.39%
EPS 2 6.150 8.480 14.34 14.13 19.89 19.06 30.20 34.80
Free Cash Flow 1 2,510 3,666 9,945 7,205 3,288 4,949 9,234 11,829
FCF margin 21.23% 26.22% 53.44% 34.03% 11.93% 17.87% 25.51% 29.96%
FCF Conversion (EBITDA) 77.48% 80.7% 141.92% 101.7% 33.61% 52.11% 62.67% 71.51%
FCF Conversion (Net income) 96.82% 103.15% 169.05% 128.11% 41.94% 66.46% 80.19% 89.73%
Dividend per Share 2 2.400 2.750 5.500 5.800 6.100 6.742 8.821 9.880
Announcement Date 1/22/20 1/20/21 1/19/22 1/25/23 1/24/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2023 S2 2024 Q1 2024 Q2 2024 S1 2024 Q3 2024 Q4 2024 S2 2025 Q1 2025 Q2
Net sales 1 4,986 3,534 5,431 5,778 6,430 6,746 6,902 13,648 6,673 7,237 13,910 5,290 6,018 10,602 7,651 8,674 16,969 8,163 8,643
EBITDA 1 1,942 915.6 1,785 2,076 2,307 2,375 2,444 - 2,359 2,604 - 1,606 1,874 - 2,766 3,262 - 3,166 3,277
EBIT 1 1,818 784.6 1,653 1,938 2,124 2,205 2,263 - 2,182 2,392 - 1,391 1,704 - 2,528 3,014 - 2,898 3,157
Operating Margin 36.45% 22.2% 30.44% 33.55% 33.03% 32.69% 32.79% - 32.7% 33.05% - 26.3% 28.31% - 33.04% 34.75% - 35.51% 36.52%
Earnings before Tax (EBT) 1 2,019 769 1,643 1,923 2,121 2,217 2,280 - 2,190 2,397 - 1,418 1,686 - 2,537 3,006 - 2,886 3,185
Net income 1 1,774 695 1,411 1,702 1,816 1,956 1,942 - 1,893 2,048 - 1,224 1,434 - 2,152 2,557 - 2,447 2,687
Net margin 35.58% 19.67% 25.98% 29.45% 28.25% 28.99% 28.13% - 28.37% 28.3% - 23.13% 23.83% - 28.13% 29.48% - 29.98% 31.09%
EPS 2 4.380 1.730 3.540 4.290 4.600 4.950 4.930 - 4.810 5.200 10.00 3.110 3.671 5.330 5.582 6.525 13.54 6.337 6.936
Dividend per Share 2 3.700 - 3.700 1.370 1.690 1.370 1.690 - - 1.750 - - 1.754 - 1.671 1.542 - 1.958 1.787
Announcement Date 1/19/22 4/20/22 7/20/22 10/19/22 1/25/23 4/19/23 7/19/23 7/19/23 10/18/23 1/24/24 1/24/24 4/17/24 - - - - - - -
1EUR in Million2EUR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 1,610 2,689 3,515 3,862 2,379 3,887 4,944 9,594
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 2,510 3,666 9,945 7,205 3,288 4,949 9,234 11,829
ROE (net income / shareholders' equity) 21.4% 26.9% 49% 59.4% 70.4% 50.2% 67.1% 57.6%
ROA (Net income/ Total Assets) 12.1% 14.2% 20.5% 16.9% 20.6% 17% 23.4% 22.7%
Assets 1 21,386 24,949 28,748 33,266 38,129 43,835 49,125 58,085
Book Value Per Share 2 29.90 33.10 24.70 22.20 34.10 39.50 50.50 66.50
Cash Flow per Share 2 7.770 11.00 26.40 13.40 13.80 17.50 32.60 37.70
Capex 1 767 962 901 1,282 2,156 1,802 1,765 1,854
Capex / Sales 6.49% 6.88% 4.84% 6.05% 7.82% 6.5% 4.88% 4.7%
Announcement Date 1/22/20 1/20/21 1/19/22 1/25/23 1/24/24 - - -
1EUR in Million2EUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
38
Last Close Price
880.5 EUR
Average target price
994.9 EUR
Spread / Average Target
+12.99%
Consensus
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  4. Financials ASML Holding N.V.