Financials ASML Holding N.V. Thailand S.E.

Equities

ASML01

TH0809120601

Semiconductor Equipment & Testing

End-of-day quote Thailand S.E. 06:00:00 2024-07-03 pm EDT 5-day change 1st Jan Change
32.5 THB 0.00% Intraday chart for ASML Holding N.V. +3.17% +49.08%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 110,671 163,263 287,256 200,985 268,992 387,447 - -
Enterprise Value (EV) 1 109,061 160,574 283,740 197,123 266,613 383,737 382,435 377,499
P/E ratio 42.9 x 46.9 x 49.3 x 35.7 x 34.3 x 52 x 32.3 x 27.8 x
Yield 0.91% 0.69% 0.78% 1.15% 0.89% 0.69% 0.88% 1.01%
Capitalization / Revenue 9.36 x 11.7 x 15.4 x 9.49 x 9.76 x 14 x 10.7 x 9.72 x
EV / Revenue 9.23 x 11.5 x 15.2 x 9.31 x 9.67 x 13.9 x 10.5 x 9.47 x
EV / EBITDA 33.7 x 35.4 x 40.5 x 27.8 x 27.3 x 40.4 x 25.8 x 22.7 x
EV / FCF 43.5 x 43.8 x 28.5 x 27.4 x 81.1 x 71.5 x 41.3 x 31.3 x
FCF Yield 2.3% 2.28% 3.51% 3.66% 1.23% 1.4% 2.42% 3.2%
Price to Book 8.81 x 12 x 28.6 x 22.7 x 20 x 25 x 19.5 x 14.7 x
Nbr of stocks (in thousands) 419,686 410,673 406,474 398,937 394,590 393,028 - -
Reference price 2 263.7 397.6 706.7 503.8 681.7 985.8 985.8 985.8
Announcement Date 1/22/20 1/20/21 1/19/22 1/25/23 1/24/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 11,820 13,978 18,611 21,173 27,558 27,650 36,353 39,858
EBITDA 1 3,239 4,542 7,007 7,084 9,782 9,502 14,847 16,643
EBIT 1 2,791 4,052 6,536 6,501 9,042 8,653 13,737 15,616
Operating Margin 23.61% 28.98% 35.12% 30.7% 32.81% 31.3% 37.79% 39.18%
Earnings before Tax (EBT) 1 2,766 4,017 6,706 6,456 9,084 8,702 13,931 16,161
Net income 1 2,592 3,554 5,883 5,624 7,839 7,415 11,574 13,489
Net margin 21.93% 25.42% 31.61% 26.56% 28.44% 26.82% 31.84% 33.84%
EPS 2 6.150 8.480 14.34 14.13 19.89 18.98 30.52 35.51
Free Cash Flow 1 2,510 3,666 9,945 7,205 3,288 5,366 9,266 12,076
FCF margin 21.23% 26.22% 53.44% 34.03% 11.93% 19.41% 25.49% 30.3%
FCF Conversion (EBITDA) 77.48% 80.7% 141.92% 101.7% 33.61% 56.47% 62.41% 72.56%
FCF Conversion (Net income) 96.82% 103.15% 169.05% 128.11% 41.94% 72.36% 80.06% 89.52%
Dividend per Share 2 2.400 2.750 5.500 5.800 6.100 6.838 8.696 9.999
Announcement Date 1/22/20 1/20/21 1/19/22 1/25/23 1/24/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2023 S2 2024 Q1 2024 Q2 2024 S1 2024 Q3 2024 Q4 2024 S2 2025 Q1 2025 Q2
Net sales 1 4,986 3,534 5,431 5,778 6,430 6,746 6,902 13,648 6,673 7,237 13,910 5,290 6,094 10,602 7,624 8,619 16,969 8,014 8,633
EBITDA 1 1,942 915.6 1,785 2,076 2,307 2,375 2,444 - 2,359 2,604 - 1,606 1,875 - 2,767 3,263 - 3,326 3,283
EBIT 1 1,818 784.6 1,653 1,938 2,124 2,205 2,263 - 2,182 2,392 - 1,391 1,721 - 2,533 3,007 - 2,826 3,143
Operating Margin 36.45% 22.2% 30.44% 33.55% 33.03% 32.69% 32.79% - 32.7% 33.05% - 26.3% 28.24% - 33.22% 34.89% - 35.26% 36.4%
Earnings before Tax (EBT) 1 2,019 769 1,643 1,923 2,121 2,217 2,280 - 2,190 2,397 - 1,418 1,685 - 2,533 2,997 - 2,707 3,169
Net income 1 1,774 695 1,411 1,702 1,816 1,956 1,942 - 1,893 2,048 - 1,224 1,434 - 2,150 2,551 - 2,385 2,679
Net margin 35.58% 19.67% 25.98% 29.45% 28.25% 28.99% 28.13% - 28.37% 28.3% - 23.13% 23.53% - 28.19% 29.6% - 29.76% 31.03%
EPS 2 4.380 1.730 3.540 4.290 4.600 4.950 4.930 - 4.810 5.200 10.00 3.110 3.668 5.330 5.520 6.534 13.54 6.135 6.902
Dividend per Share 2 3.700 - 3.700 1.370 1.690 1.370 1.690 - - 1.750 - 1.450 1.754 - 1.671 1.542 - 1.958 1.787
Announcement Date 1/19/22 4/20/22 7/20/22 10/19/22 1/25/23 4/19/23 7/19/23 7/19/23 10/18/23 1/24/24 1/24/24 4/17/24 - - - - - - -
1EUR in Million2EUR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 1,610 2,689 3,515 3,862 2,379 3,710 5,012 9,948
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 2,510 3,666 9,945 7,205 3,288 5,366 9,266 12,076
ROE (net income / shareholders' equity) 21.4% 26.9% 49% 59.4% 70.4% 50.3% 66.8% 57.8%
ROA (Net income/ Total Assets) 12.1% 14.2% 20.5% 16.9% 20.6% 16.9% 23.4% 22.1%
Assets 1 21,386 24,949 28,748 33,266 38,129 43,757 49,526 60,915
Book Value Per Share 2 29.90 33.10 24.70 22.20 34.10 39.50 50.40 67.10
Cash Flow per Share 2 7.770 11.00 26.40 13.40 13.80 17.50 32.60 37.70
Capex 1 767 962 901 1,282 2,156 1,797 1,762 1,856
Capex / Sales 6.49% 6.88% 4.84% 6.05% 7.82% 6.5% 4.85% 4.66%
Announcement Date 1/22/20 1/20/21 1/19/22 1/25/23 1/24/24 - - -
1EUR in Million2EUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
38
Last Close Price
985.8 EUR
Average target price
1,024 EUR
Spread / Average Target
+3.92%
Consensus