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 2,87,256 2,00,985 2,68,992 2,66,748 3,55,841 6,11,948 - -
Change - -30.03% 33.84% -0.83% 33.4% 71.97% - -
Enterprise Value (EV) 1 2,83,740 1,97,123 2,66,613 2,57,684 3,45,228 5,98,423 5,90,764 5,79,665
Change - -30.53% 35.25% -3.35% 33.97% 73.34% -1.28% -1.88%
P/E 49.3x 35.7x 34.3x 35.3x 37.3x 41.7x 31.1x 24.3x
PBR 28.6x 22.7x 20x 14.5x 18.2x 23.8x 17.4x 12.7x
PEG - -24.38x 0.8x -10.8x 1.3x 0.8x 0.9x 0.9x
Capitalization / Revenue 15.4x 9.49x 9.76x 9.44x 10.9x 14.2x 11.4x 9.55x
EV / Revenue 15.2x 9.31x 9.67x 9.12x 10.6x 13.9x 11x 9.04x
EV / EBITDA 40.5x 27.8x 27.3x 25.9x 28x 32.6x 24.4x 19.3x
EV / EBIT 43.4x 30.3x 29.5x 28.6x 30.5x 35.1x 25.7x 20.4x
EV / FCF 28.5x 27.4x 81.1x 28.3x 31.1x 64.8x 34.6x 27.6x
FCF Yield 3.51% 3.66% 1.23% 3.53% 3.21% 1.54% 2.89% 3.62%
Dividend per Share 2 5.5 5.8 6.1 6.4 7.5 9.137 11.73 14.33
Rate of return 0.78% 1.15% 0.89% 0.94% 0.81% 0.57% 0.74% 0.9%
EPS 2 14.34 14.13 19.89 19.24 24.71 38.19 51.31 65.58
Distribution rate 38.4% 41% 30.7% 33.3% 30.4% 23.9% 22.9% 21.8%
Net sales 1 18,611 21,173 27,558 28,263 32,667 42,963 53,843 64,100
EBITDA 1 7,007 7,084 9,782 9,941 12,327 18,362 24,243 30,060
EBIT 1 6,536 6,501 9,042 9,023 11,301 17,054 22,979 28,481
Net income 1 5,883 5,624 7,839 7,572 9,393 14,400 18,959 23,255
Net Debt 1 -3,515 -3,862 -2,379 -9,064 -10,613 -13,524 -21,184 -32,283
Reference price 2 706.70 503.80 681.70 678.70 921.40 1,593.40 1,593.40 1,593.40
Nbr of stocks (in thousands) 4,06,474 3,98,937 3,94,590 3,93,028 3,86,196 3,84,052 - -
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.($)
39.82x13.28x31.07x0.6% 67TCr
54.65x16.48x44.11x0.34% 38TCr
40.74x8.97x28.09x1.22% 18TCr
34.92x3.63x16.53x1.49% 8.11TCr
49.65x15.9x33.02x0.77% 2.31TCr
51.82x6.77x23.92x0.3% 2.04TCr
26.61x4.01x16.87x1.14% 1.92TCr
29.92x2.2x12.01x0.54% 1.55TCr
53.63x9.73x30.95x - 1.39TCr
58.41x - - -.--% 820.94Cr
Average 44.02x 9.00x 26.28x 0.71% 14.13TCr
Weighted average by Cap. 43.97x 12.70x 32.93x 0.66%

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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