Company Valuation: ASML Holding N.V.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 287,256 200,985 268,992 266,748 355,841 596,816 - -
Change - -30.03% 33.84% -0.83% 33.4% 67.72% - -
Enterprise Value (EV) 1 283,740 197,123 266,613 257,684 345,228 583,292 575,042 563,389
Change - -30.53% 35.25% -3.35% 33.97% 68.96% -1.41% -2.03%
P/E 49.3x 35.7x 34.3x 35.3x 37.3x 40.6x 30.1x 23.3x
PBR 28.6x 22.7x 20x 14.5x 18.2x 23.2x 16.9x 12.4x
PEG - -24.38x 0.8x -10.8x 1.3x 0.7x 0.9x 0.8x
Capitalization / Revenue 15.4x 9.49x 9.76x 9.44x 10.9x 13.8x 11x 9.17x
EV / Revenue 15.2x 9.31x 9.67x 9.12x 10.6x 13.5x 10.6x 8.66x
EV / EBITDA 40.5x 27.8x 27.3x 25.9x 28x 31.2x 23.2x 18.2x
EV / EBIT 43.4x 30.3x 29.5x 28.6x 30.5x 33.9x 24.7x 19.4x
EV / FCF 28.5x 27.4x 81.1x 28.3x 31.1x 62.8x 33.3x 26.5x
FCF Yield 3.51% 3.66% 1.23% 3.53% 3.21% 1.59% 3% 3.78%
Dividend per Share 2 5.5 5.8 6.1 6.4 7.5 9.081 11.6 14.33
Rate of return 0.78% 1.15% 0.89% 0.94% 0.81% 0.58% 0.75% 0.92%
EPS 2 14.34 14.13 19.89 19.24 24.71 38.26 51.7 66.69
Distribution rate 38.4% 41% 30.7% 33.3% 30.4% 23.7% 22.4% 21.5%
Net sales 1 18,611 21,173 27,558 28,263 32,667 43,213 54,330 65,083
EBITDA 1 7,007 7,084 9,782 9,941 12,327 18,695 24,741 30,913
EBIT 1 6,536 6,501 9,042 9,023 11,301 17,219 23,288 29,076
Net income 1 5,883 5,624 7,839 7,572 9,393 14,639 19,328 23,992
Net Debt 1 -3,515 -3,862 -2,379 -9,064 -10,613 -13,524 -21,774 -33,427
Reference price 2 706.70 503.80 681.70 678.70 921.40 1,554.00 1,554.00 1,554.00
Nbr of stocks (in thousands) 406,474 398,937 394,590 393,028 386,196 384,052 - -
Announcement Date 19/01/22 25/01/23 24/01/24 29/01/25 28/01/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
40.62x13.5x31.2x0.58% 689B
33.12x11.04x27.33x0.37% 390B
34.03x7.57x23.43x1.41% 162B
33.75x3.64x16.75x1.57% 85.79B
46.06x14.89x30.9x0.82% 22.28B
54.99x7.25x25.3x0.27% 22.95B
21.21x3.08x13.18x1.43% 15.65B
53.62x9.98x30.86x - 15.69B
21.29x1.9x9.37x0.62% 13.49B
Average 37.63x 8.09x 23.15x 0.88% 157.36B
Weighted average by Cap. 37.45x 11.20x 27.86x 0.69%

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