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 1 287,256 200,985 268,992 266,748 355,841 592,131 - -
Change - -30.03% 33.84% -0.83% 33.4% 66.4% - -
Enterprise Value (EV) 1 283,740 197,123 266,613 257,684 345,228 578,606 570,357 558,703
Change - -30.53% 35.25% -3.35% 33.97% 67.6% -1.43% -2.04%
P/E 49.3x 35.7x 34.3x 35.3x 37.3x 40.3x 29.8x 23.1x
PBR 28.6x 22.7x 20x 14.5x 18.2x 23.1x 16.8x 12.3x
PEG - -24.38x 0.8x -10.8x 1.3x 0.7x 0.8x 0.8x
Capitalization / Revenue 15.4x 9.49x 9.76x 9.44x 10.9x 13.7x 10.9x 9.1x
EV / Revenue 15.2x 9.31x 9.67x 9.12x 10.6x 13.4x 10.5x 8.58x
EV / EBITDA 40.5x 27.8x 27.3x 25.9x 28x 30.9x 23.1x 18.1x
EV / EBIT 43.4x 30.3x 29.5x 28.6x 30.5x 33.6x 24.5x 19.2x
EV / FCF 28.5x 27.4x 81.1x 28.3x 31.1x 62.2x 33x 26.2x
FCF Yield 3.51% 3.66% 1.23% 3.53% 3.21% 1.61% 3.03% 3.81%
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% 0.59% 0.75% 0.93%
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 1,541.80 1,541.80 1,541.80
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.($)
40.3x13.39x30.95x0.59% 686B
34.88x11.63x28.8x0.35% 410B
33.7x7.46x23.19x1.46% 161B
32.14x3.48x16.03x1.65% 82.47B
55.01x7.25x25.3x0.27% 22.96B
43.07x13.88x28.82x0.87% 20.79B
22x3.2x13.7x1.39% 16.23B
52.89x9.82x29.24x - 15.48B
21.51x1.92x9.46x0.61% 13.63B
Average 37.28x 8.01x 22.83x 0.9% 158.67B
Weighted average by Cap. 37.56x 11.29x 28.05x 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