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ASML Holding NV
AEX:ASML

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ASML Holding NV
AEX:ASML
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Price: 1 171.8 EUR -3.36% Market Closed
Market Cap: €454.8B

EV/IC

11.4
Current
38%
More Expensive
vs 3-y average of 8.3

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
11.4
=
Enterprise Value
€460.8B
/
Invested Capital
€38.7B

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
11.4
=
Enterprise Value
€460.8B
/
Invested Capital
€38.7B

Valuation Scenarios

ASML Holding NV is trading above its 3-year average

If EV/IC returns to its 3-Year Average (8.3), the stock would be worth €850.43 (27% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-90%
Maximum Upside
+1%
Average Downside
34%
Scenario EV/IC Value Implied Price Upside/Downside
Current Multiple 11.4 €1 171.8
0%
3-Year Average 8.3 €850.43
-27%
5-Year Average 8.9 €915.48
-22%
Industry Average 11.5 €1 185.62
+1%
Country Average 1.2 €118.61
-90%

Forward EV/IC
Today’s price vs future invested capital

Not enough data available to calculate forward EV/IC

Peer Comparison

All Multiples
EV/IC
P/E
All Countries
Close
Market Cap EV/IC P/E
NL
ASML Holding NV
AEX:ASML
451.6B EUR 11.4 44.2
US
Lam Research Corp
NASDAQ:LRCX
314.2B USD 19.5 46.8
US
Applied Materials Inc
NASDAQ:AMAT
302.5B USD 11 38.6
US
KLA Corp
NASDAQ:KLAC
237.2B USD 21.4 52
US
Brooks Automation Inc
LSE:0HQ1
224.7B USD 138 -3 884.7
JP
Advantest Corp
TSE:6857
21.6T JPY 36.4 74.9
JP
Tokyo Electron Ltd
TSE:8035
20.7T JPY 9.6 41.1
US
Teradyne Inc
NASDAQ:TER
59.3B USD 16.5 107
CN
NAURA Technology Group Co Ltd
SZSE:002371
374.8B CNY 6.4 66.6
JP
Disco Corp
TSE:6146
8.3T JPY 18.4 61.2
NL
ASM International NV
AEX:ASM
39.7B EUR 9.5 40
P/E Multiple
Earnings Growth PEG
NL
ASML Holding NV
AEX:ASML
Average P/E: 57.3
44.2
20%
2.2
US
Lam Research Corp
NASDAQ:LRCX
46.8
24%
2
US
Applied Materials Inc
NASDAQ:AMAT
38.6
20%
1.9
US
KLA Corp
NASDAQ:KLAC
52
22%
2.4
US
B
Brooks Automation Inc
LSE:0HQ1
Negative Multiple: -3 884.7 N/A N/A
JP
Advantest Corp
TSE:6857
74.9
50%
1.5
JP
Tokyo Electron Ltd
TSE:8035
41.1
13%
3.2
US
Teradyne Inc
NASDAQ:TER
107
44%
2.4
CN
NAURA Technology Group Co Ltd
SZSE:002371
66.6
N/A N/A
JP
Disco Corp
TSE:6146
61.2
N/A N/A
NL
ASM International NV
AEX:ASM
40
23%
1.7

Market Distribution

Higher than 92% of companies in Netherlands
Percentile
92nd
Based on 560 companies
92nd percentile
11.4
Low
0 — 0.8
Typical Range
0.8 — 1.9
High
1.9 —
Distribution Statistics
Netherlands
Min 0
30th Percentile 0.8
Median 1.2
70th Percentile 1.9
Max 36 345.7

ASML Holding NV
Glance View

In the intricate and high-stakes world of semiconductor manufacturing, ASML Holding NV stands as a pivotal player, commanding both respect and influence. Originating from the Netherlands, ASML has positioned itself as a critical cog in the machinery of the digital age. With its unmatched ability to design and manufacture advanced lithography machines, ASML ensures the continuous shrinkage of microchips—a paramount necessity as the demand for faster, more efficient, and compact devices surges globally. The company’s bread and butter are its state-of-the-art Extreme Ultraviolet (EUV) lithography systems, which employ a complex interplay of light and lenses to etch extremely fine patterns onto silicon wafers. This technology is central to fabricating the most advanced semiconductors, found at the heart of every contemporary technology, from smartphones to supercomputers. ASML’s business model thrives on the integration of cutting-edge innovation and strategic partnerships. By collaborating closely with major chipmakers like Intel, Samsung, and TSMC, ASML ensures its technology not only meets but anticipates industry needs. The company generates revenue through the sale of these sophisticated machines, each potentially priced at over $100 million, complemented by lucrative long-term service agreements. In addition to selling new systems, ASML capitalizes on servicing and upgrading approximately 7,000 lithography machines operating worldwide. This approach provides a stable and continuous revenue stream, cementing ASML’s role as a linchpin in the semiconductor supply chain. Through relentless innovation and strategic maneuvers, ASML not only adapts to but shapes the future of technology.

ASML Intrinsic Value
784.72 EUR
Overvaluation 33%
Intrinsic Value
Price €1 171.8
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