ASML Stock Analysis: ASML Holding | AS
Semiconductor Equipment & Materials | AS, Netherlands | Market Cap: 600.348m EUR | 12M Return: 129.1% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 1.00B
EPS Trend: 87.0%
Qual. Beats: 2
Rev. Trend: 91.6%
Qual. Beats: 1
Warnings
Tailwinds
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
ASML Holding N.V., headquartered in Veldhoven, the Netherlands and founded in 1984, is a leading supplier of lithography systems and related solutions for the global semiconductor industry. The companys product portfolio includes extreme ultraviolet (EUV) and deep ultraviolet (DUV) lithography systems, optical and electron-beam metrology and inspection tools, computational lithography software, and customer support and refurbishment services. These products are sold to chipmakers worldwide, with operations spanning Asia, Europe, the Middle East, Africa, and the United States.
As a key enabler of semiconductor manufacturing, ASML occupies a highly specialized position within the Information Technology sector, supplying the critical patterning equipment used to produce advanced integrated circuits. Its lithography systems are essential to fabricating chips at the most advanced process nodes, and the companys installed base of tools also generates recurring revenue through service agreements, upgrades, and refurbishments.
- EUV system orders surge on AI-driven semiconductor capex
- China export restrictions limit advanced lithography sales
- High-NA EUV adoption lifts gross margin outlook
| Net Income: 10.6b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.20 > 0.02 and ΔFCF/TA -0.72 > 1.0 |
| NWC/Revenue: 20.93% < 20% (prev 25.17%; Δ -4.24% < -1%) |
| CFO/TA 0.23 > 3% & CFO 11.5b > Net Income 10.6b |
| Net Debt (-5.60b) to EBITDA (13.5b): -0.41 < 3 |
| Current Ratio: 1.33 > 1.5 & < 3 |
| Outstanding Shares: last quarter (385.7m) vs 12m ago -0.70% < -2% |
| Gross Margin: 52.73% > 18% (prev 52.52%; Δ 0.21% > 0.5%) |
| Asset Turnover: 74.32% > 50% (prev 71.71%; Δ 2.61% > 0%) |
| Interest Coverage Ratio: 105.8 > 6 (EBIT TTM 12.5b / Interest Expense TTM 118.3m) |
| A: 0.15 (Total Current Assets 29.5b - Total Current Liabilities 22.2b) / Total Assets 50.2b |
| B: 0.35 (Retained Earnings 17.6b / Total Assets 50.2b) |
| C: 0.26 (EBIT TTM 12.5b / Avg Total Assets 47.5b) |
| D: 0.77 (Book Value of Equity 21.8b / Total Liabilities 28.4b) |
| Altman-Z'' = 4.68 = AA |
| DSRI: 1.33 (Receivables 8.66b/5.92b, Revenue 35.3b/32.2b) |
| GMI: 1.00 (GM 52.52% / 52.73%) |
| AQI: 1.07 (AQ_t 0.25 / AQ_t-1 0.23) |
| SGI: 1.10 (Revenue 35.3b / 32.2b) |
| TATA: -0.02 (NI 10.6b - CFO 11.5b) / TA 50.2b) |
| Beneish M = -2.65 (Cap -4..+1) = A |
As of July 28, 2026, the stock is trading at EUR 1429.80 with a total of 1,054,840 shares traded. Over the past week, the price has changed by -5.87%, over one month by -11.20%, over three months by +18.05% and over the past year by +129.05%.
Current recommended Stop Loss: 1278.70 (which is 10.6% or 2.2 ATR below the current price).
ASML Holding has no consensus analysts rating.
P/E Trailing = 61.4628
P/E Forward = 41.3223
P/S = 16.9938
P/B = 27.792
P/EG = 2.2546
Revenue TTM = 35.3b EUR
EBIT TTM = 12.5b EUR
EBITDA TTM = 13.5b EUR
Long Term Debt = 1.98b EUR (from longTermDebt, last quarter)
Short Term Debt = 1.68b EUR (from shortLongTermDebt, last fiscal year)
Debt = 1.98b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = -5.60b EUR (calculated: Debt 1.98b - CCE 7.58b)
Enterprise Value = 595b EUR (600b + Debt 1.98b - CCE 7.58b)
Interest Coverage Ratio = 105.8 (Ebit TTM 12.5b / Interest Expense TTM 118.3m)
EV/FCF = 59.46x (Enterprise Value 595b / FCF TTM 10.0b)
FCF Yield = 1.68% (FCF TTM 10.0b / Enterprise Value 595b)
FCF Margin = 28.31% (FCF TTM 10.0b / Revenue TTM 35.3b)
Net Margin = 30.11% (Net Income TTM 10.6b / Revenue TTM 35.3b)
Gross Margin = 52.73% ((Revenue TTM 35.3b - Cost of Revenue TTM 16.7b) / Revenue TTM)
Gross Margin QoQ = 53.99% (prev 52.98%)
Tobins Q-Ratio = 11.84 (Enterprise Value 595b / Total Assets 50.2b)
Interest Expense / Debt = 5.96% (Interest Expense 118.3m / Debt 1.98b)
Taxrate = 17.25% (2.22b / 12.9b)
NOPAT = 10.4b (EBIT 12.5b * (1 - 17.25%))
Current Ratio = 1.33 (Total Current Assets 29.5b / Total Current Liabilities 22.2b)
Debt / Equity = 0.09 (Debt 1.98b / totalStockholderEquity, last quarter 21.8b)
Debt / EBITDA = -0.41 (Net Debt -5.60b / EBITDA 13.5b)
Debt / FCF = -0.56 (Net Debt -5.60b / FCF TTM 10.0b)
Total Stockholder Equity = 20.3b (last 4 quarters mean from totalStockholderEquity)
RoA = 22.38% (Net Income 10.6b / Total Assets 50.2b)
RoE = 52.37% (Net Income TTM 10.6b / Total Stockholder Equity 20.3b)
RoCE = 56.12% (EBIT 12.5b / Capital Employed (Equity 20.3b + L.T.Debt 1.98b))
RoIC = 39.38% (NOPAT 10.4b / Invested Capital 26.3b)
WACC = 9.89% (E(600b)/V(602b) * Re(9.91%) + D(1.98b)/V(602b) * Rd(5.96%) * (1-Tc(0.17)))
Discount Rate = 9.91% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -94.41 | Cagr: -0.91%
[DCF] Terminal Value 71.37% ; FCFF base≈9.70b ; Y1≈10.4b ; Y5≈12.5b
[DCF] Fair Price = 409.9 (EV 152b - Net Debt -5.60b = Equity 157b / Shares 384.1m; r=9.89% [WACC]; 5y FCF grow 8.06% → 2.50% )
EPS Correlation: 87.01 | EPS CAGR: 17.13% | SUE: 2.50 | # QB: 2
Revenue Correlation: 91.60 | Revenue CAGR: 12.33% | SUE: 2.83 | # QB: 1
EPS current Quarter (2026-09-30): EPS=10.58 | Chg30d=+27.51% | Revisions=+0% | Analysts=14
EPS current Year (2026-12-31): EPS=37.90 | Chg30d=+19.87% | Revisions=+53% | GrowthEPS=+53.4% | GrowthRev=+31.5%
EPS next Year (2027-12-31): EPS=50.92 | Chg30d=+21.74% | Revisions=+80% | GrowthEPS=+34.4% | GrowthRev=+25.3%
[Analyst] Revisions Ratio: +69% (up=23, down=3)