Company Valuation: ASML Holding N.V.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 163,263 287,256 200,985 268,992 266,748 370,736 - -
Change - 75.95% -30.03% 33.84% -0.83% 38.98% - -
Enterprise Value (EV) 1 160,574 283,740 197,123 266,613 257,684 364,080 362,467 359,906
Change - 76.7% -30.53% 35.25% -3.35% 41.29% -0.44% -0.71%
P/E ratio 46.9x 49.3x 35.7x 34.3x 35.3x 38.7x 36.8x 30x
PBR 12x 28.6x 22.7x 20x 14.5x 18.8x 16.1x 13.1x
PEG - 0.7x -24.38x 0.8x -10.8x 1.4x 6.98x 1.3x
Capitalization / Revenue 11.7x 15.4x 9.49x 9.76x 9.44x 11.4x 10.8x 9.49x
EV / Revenue 11.5x 15.2x 9.31x 9.67x 9.12x 11.2x 10.6x 9.21x
EV / EBITDA 35.4x 40.5x 27.8x 27.3x 25.9x 29.6x 28.2x 23.2x
EV / EBIT 39.6x 43.4x 30.3x 29.5x 28.6x 32.4x 30.8x 25.2x
EV / FCF 43.8x 28.5x 27.4x 81.1x 28.3x 73.2x 41x 32.8x
FCF Yield 2.28% 3.51% 3.66% 1.23% 3.53% 1.37% 2.44% 3.05%
Dividend per Share 2 2.75 5.5 5.8 6.1 6.4 7.25 8.013 9.192
Rate of return 0.69% 0.78% 1.15% 0.89% 0.94% 0.76% 0.84% 0.96%
EPS 2 8.48 14.34 14.13 19.89 19.24 24.73 26.03 31.89
Distribution rate 32.4% 38.4% 41% 30.7% 33.3% 29.3% 30.8% 28.8%
Net sales 1 13,978 18,611 21,173 27,558 28,263 32,457 34,292 39,057
EBITDA 1 4,542 7,007 7,084 9,782 9,941 12,280 12,843 15,484
EBIT 1 4,052 6,536 6,501 9,042 9,023 11,249 11,764 14,305
Net income 1 3,554 5,883 5,624 7,839 7,572 9,589 9,992 12,132
Net Debt 1 -2,689 -3,515 -3,862 -2,379 -9,064 -6,656 -8,269 -10,830
Reference price 2 397.55 706.70 503.80 681.70 678.70 957.30 957.30 957.30
Nbr of stocks (in thousands) 410,673 406,474 398,937 394,590 393,028 387,273 - -
Announcement Date 20/01/21 19/01/22 25/01/23 24/01/24 29/01/25 - - -
1EUR in Million2EUR
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
38.96x11.29x29.84x0.75% 435B
33.36x9.3x26.17x0.65% 201B
30.52x6.01x20.55x1.68% 96.93B
26.31x1.86x10.3x2.44% 31.94B
38.97x12.12x24.8x1.05% 17.56B
55.55x5.17x18.72x0.46% 13.08B
35.1x1.62x9.89x0.82% 10.86B
15.19x1.82x8.39x2.05% 8.56B
43.19x7.21x24.66x - 7.85B
36.23x3.37x19.53x0.57% 6.56B
Average 35.34x 5.98x 19.29x 1.16% 82.92B
Weighted average by Cap. 36.12x 9.42x 26.22x 0.92%
See all sector valuations

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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