Obermatt

ASML

AEX:ASML · NL0010273215
Semiconductors & Semiconductor EquipmentXX-Large

360

73
EV / EBIT40
Price / Owner Earnings49
Owner Earnings Yield69
Dividend Yield51
Price/Sales12
EV / Gross Profit24
Price/Book3
Return on Capital94
Cash Return on Capital94
Return on Equity94
EBIT Margin89
Gross Profitability83
Cash Conversion49
Accruals32
Owner Earnings Margin86
Sales growth76
Profit Growth100
Long-Term EPS Growth60
Owner Earnings Growth72
Reinvestment85
Price momentum78
Debt load77
Refinancing25
Debt Payback100
Liquidity93
Analyst ratings83
Opinion Changes50
Price Target Upside53
Market mood61
Value Creation18/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

ASML generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountryNetherlands
IndustrySemiconductors & Semiconductor Equipment
SizeXX-Large
TypePublic Company
ExchangeENXTAM
Founded1994
Employees34,716
ISINNL0010273215
Last UpdateApr 2, 2026
Themes
Process AutomationIndustrial AutomationSensorsDetectors, Sensors and MemsOptical InfrastructureSimulationCommercialElectronicsIndustrialIndustrial ManufacturingMachinery ManufacturingManufacturingNanotechnologySemiconductorSoftware

Description

ASML Holding N.V. (ASML) operates within the global semiconductor ecosystem. The company provides hardware, software, and services that assist chipmakers in producing more powerful, affordable, and energy-efficient microchips. These microchips play a…

Analysis

Quality compounder

ASML Holding N.V. is a quality compounder: a well-run business trading at a price that reflects what it is worth. One caution: reported profits have recently run ahead of actual cash, which we track closely.

The price is expensive. You pay 63.7× its owner earnings: the cash an owner could take out each year, which is in the historically expensive zone. At today's price, the market is assuming roughly 22% yearly growth; analysts expect 24%. The price, in other words, assumes less than the experts do.

The trajectory is moderate and the balance sheet is sturdy. The company scores 18/20 on our value-creation score: strong value creator.

What to watch: Some accounting patterns deserve a closer look. Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
98
2023202420252026

All-time high

98

Jun 2026

All-time low

26

Sep 2025

Average rank

57

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
12
8
5
5
Price/Earnings
28
22
19
21
Price/Book
3
3
3
1
Dividend Yield
51
44
50
49
Value (overall)
18
16
16
20

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →