ASML — ASML Holding N.V. $1,989.44

Generated 2026-06-30 21:48

Quality Scorecard Transitional

A88/100
Pricing power (gross margin) 53% Gross margin 53% — wide margins, likely pricing power
Return on equity 52% ROE 52% — high returns on capital
Leverage (net debt / EBITDA) net cash Net cash — $5.7B more cash than debt
Interest coverage 96x EBIT covers interest 96x — comfortably covered
Earnings consistency (revenue) 0/3 down 0 revenue-down year(s) in 3 — no down years
Earnings growth (net income YoY) +27% Net income +27% YoY — earnings growing
Cash conversion (CFO/NI) 132% Operating cash ÷ net income 132% — earnings convert to cash
🟡 Operating margin trend flat Operating margin flat
🟡 Revenue growth 13% Revenue +13% — moderate growth
🟡 Growth trajectory holding steady YoY +16% vs +16% prior 2-yr avg — holding steady
Free cash flow margin 34% FCF margin 34% — strong cash generation
Returns capital to shareholders yes dividend ~47.0%; shares -4.4%/yr

Transitional-stage checklist (proxy metrics from yfinance). 12 of 12 criteria scored. Not financial advice.

Buy-Now Score

62/100
Quality ×40%88
Trajectory ×30%63
Valuation ×30%24

Comparative rank: 40% Quality + 30% Trajectory + 30% Valuation — higher = better buy now. Not financial advice.

Valuation

$366.51$2,188.38
Price $1,989.44DCF $407.23 (-80%)Analyst $1,751.34 (-12%)MarketGist fair $1,482.52 (-25%)

DCF: 9% start growth → 2.5%, 11.5% discount (band $337.32–$523.66). Analyst: 15 analysts. MarketGist fair = 80% analyst + 20% DCF. Not financial advice.

Key Trends (6-yr)

GAAP EPS
▲ +36.5% YoY
Sales
▲ +15.6% YoY
Shares Outstanding
▼ -1.2% YoY

Company Overview

Basic Information

Company Name: ASML Holding N.V.
Symbol: ASML
Exchange: NMS
Sector: Technology
Industry: Semiconductor Equipment & Materials

Company Details

Country: Netherlands
City: Veldhoven
Employees: 43,882
Market Cap: $766.77B

Business Description

ASML Holding N.V. provides lithography solutions for the development, production, marketing, sales, upgrading, and servicing of advanced semiconductor equipment systems. The company offers lithography, metrology, and inspection systems. It also provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography systems solutions to manufacture various range of semiconductor nodes and technologies. In addition, the company offers metrology and inspection systems, including YieldStar optical metrology systems, a diffraction-based wafer metrology platform to assess the quality of patterns on the wafers; and HMI electron beam solutions to locate and analyze individual chip defects. Further, it provides computational lithography solutions, and lithography systems and control software solutions; and refurbishes and upgrades lithography systems, as well as offers customer support and related services. Additionally, the company offers hardware, software, and services to chipmakers to produce the patterns of integrated circuits. It operates in Japan, South Korea, Singapore, Taiwan, China, rest of Asia, the Netherlands, rest of Europe, the Middle East, Africa, and the United States. The company was formerly known as ASM Lithography Holding N.V. and changed its name to ASML Holding N.V. in 2001. ASML Holding N.V. was founded in 1984 and is headquartered in Veldhoven, the Netherlands.

Key Metrics

Price & Valuation

Current Price
$1.99K
Market Cap
$766.77B
P/E Ratio
67.71
Forward P/E
40.60
PEG Ratio
2.69
Price to Book
1801.20

Profitability

Profit Margin: 29.71%
Operating Margin: 36.02%
Gross Margin: 52.60%
Return on Equity (ROE): 52.24%
Return on Assets (ROA): 15.66%
Revenue Growth: 13.20%

Financial Health

Current Ratio: 1.36
Quick Ratio: 0.69
Debt to Equity: 12.99
Total Debt: $2.71B
Total Cash: $8.38B
Beta: 1.40

Trading & Analyst Info

52-Week Range

52-Week High: $2.00K
52-Week Low: $683.48
50-Day Average: $1.62K
200-Day Average: $1.30K

Analyst Recommendations

Recommendation: STRONG_BUY
Target Mean Price: $1.75K
Target High: $2.33K
Target Low: $883.86

Price graph

Price vs Rates, Inflation & Volume (long-term)

Dotted = market-implied expectation (next ~12 mo), not a prediction.

Quarterly Verdict

🟢 100/100

Worth buying

Quality grade A; 5 improving / 2 weakening metrics YoY.

➕ Pricing power (gross margin): Gross margin 53% — wide margins, likely pricing power
➕ Return on equity: ROE 52% — high returns on capital
➕ Leverage (net debt / EBITDA): Net cash — $5.7B more cash than debt
➕ Interest coverage: EBIT covers interest 96x — comfortably covered
➕ Earnings consistency (revenue): 0 revenue-down year(s) in 3 — no down years
➕ Earnings growth (net income YoY): Net income +27% YoY — earnings growing
➕ Cash conversion (CFO/NI): Operating cash ÷ net income 132% — earnings convert to cash
➕ Free cash flow margin: FCF margin 34% — strong cash generation
➕ Returns capital to shareholders: dividend ~47.0%; shares -4.4%/yr
➕ Revenue +13.2% YoY
➕ Net income +17.1% YoY
➕ Operating margin +0.7 pts YoY
➖ Free cash flow -448.9% YoY
➖ Cash -12.4% YoY
➕ Debt -26.5% YoY
➕ Shares outstanding -2.0% YoY

Heuristic from the Quality Scorecard + quarter-over-quarter trends. Not financial advice.

Financial Statements

Income Statement (Annual)

Item2025-12-312024-12-312023-12-312022-12-312021-12-31
Tax Effect Of Unusual Items$0.00$0.00$0.00$0.00N/A
Tax Rate For Calcs$0.18$0.19$0.16$0.15N/A
Normalized EBITDA$12.55B$10.12B$9.98B$7.10BN/A
Total Unusual ItemsN/AN/AN/AN/A$213.70M
Total Unusual Items Excluding GoodwillN/AN/AN/AN/A$213.70M
Net Income From Continuing Operation Net Minority Interest$9.61B$7.57B$7.84B$5.62BN/A
Reconciled Depreciation$1.03B$918.60M$739.80M$583.60MN/A
Reconciled Cost Of Revenue$15.41B$13.77B$13.42B$10.47BN/A
EBITDA$12.55B$10.12B$9.98B$7.10BN/A
EBIT$11.52B$9.21B$9.24B$6.52BN/A
Net Interest Income$104.70M$19.80M$41.20M$-44.60MN/A
Interest Expense$118.30M$162.60M$152.70M$60.80MN/A
Interest Income$223.00M$182.40M$193.90M$16.20MN/A
Normalized Income$9.61B$7.57B$7.84B$5.62BN/A
Net Income From Continuing And Discontinued Operation$9.61B$7.57B$7.84B$5.62BN/A

Showing 15 of 45 rows

Balance Sheet (Annual)

Item2025-12-312024-12-312023-12-312022-12-312021-12-31
Treasury Shares Number$2.73M$546.97K$6.16M$8.55MN/A
Ordinary Shares Number$385.42M$393.28M$393.42M$394.59MN/A
Share Issued$388.15M$393.83M$399.58M$403.14MN/A
Total Debt$4.39B$4.69B$4.63B$4.26BN/A
Tangible Book Value$14.48B$13.27B$8.12B$3.41BN/A
Invested Capital$24.00B$23.16B$18.08B$13.07BN/A
Working Capital$6.35B$10.69B$8.12B$5.08BN/A
Net Tangible Assets$14.48B$13.27B$8.12B$3.41BN/A
Common Stock Equity$19.61B$18.48B$13.45B$8.81BN/A
Total Capitalization$22.32B$22.15B$18.08B$12.32BN/A
Total Equity Gross Minority Interest$19.61B$18.48B$13.45B$8.81BN/A
Stockholders Equity$19.61B$18.48B$13.45B$8.81BN/A
Gains Losses Not Affecting Retained Earnings$135.80M$454.10M$345.00M$428.30MN/A
Other Equity Adjustments$135.80M$454.10M$345.00M$428.30MN/A
Treasury Stock$2.25B$476.00M$3.31B$4.64BN/A

Showing 15 of 82 rows

Cash Flow Statement (Annual)

Item2025-12-312024-12-312023-12-312022-12-312021-12-31
Free Cash Flow$11.03B$9.08B$3.25B$7.17BN/A
Repurchase Of Capital Stock$-5.95B$-500.00M$-1.00B$-4.64BN/A
Repayment Of Debt$-1.07B$-25.70M$-752.80M$-516.20MN/A
Issuance Of Debt$754.20M$22.50M$997.80M$495.60MN/A
Issuance Of Capital Stock$142.30M$124.00M$99.40M$81.80MN/A
Capital Expenditure$-1.63B$-2.08B$-2.20B$-1.32BN/A
Interest Paid Supplemental Data$114.50M$160.00M$137.80M$82.20MN/A
Income Tax Paid Supplemental Data$1.62B$1.10B$2.57B$1.73BN/A
End Cash Position$12.92B$12.74B$7.00B$7.27BN/A
Beginning Cash Position$12.74B$7.00B$7.27B$6.95BN/A
Effect Of Exchange Rate Changes$-30.10M$6.40M$-13.80M$-3.10MN/A
Changes In Cash$210.20M$5.72B$-249.80M$319.60MN/A
Financing Cash Flow$-8.67B$-2.83B$-3.00B$-7.14BN/A
Cash Flow From Continuing Financing Activities$-8.67B$-2.83B$-3.00B$-7.14BN/A
Cash Dividends Paid$-2.55B$-2.45B$-2.35B$-2.56BN/A

Showing 15 of 59 rows

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