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 1 287,256 200,985 268,992 266,748 355,841 622,624 - -
Change - -30.03% 33.84% -0.83% 33.4% 74.97% - -
Enterprise Value (EV) 1 283,740 197,123 266,613 257,684 345,228 609,100 600,850 589,197
Change - -30.53% 35.25% -3.35% 33.97% 76.43% -1.35% -1.94%
P/E 49.3x 35.7x 34.3x 35.3x 37.3x 41.3x 30.6x 23.7x
PBR 28.6x 22.7x 20x 14.5x 18.2x 23.6x 17.2x 12.6x
PEG - -24.38x 0.8x -10.8x 1.3x 0.8x 0.9x 0.8x
Capitalization / Revenue 15.4x 9.49x 9.76x 9.44x 10.9x 14.4x 11.5x 9.57x
EV / Revenue 15.2x 9.31x 9.67x 9.12x 10.6x 14.1x 11.1x 9.05x
EV / EBITDA 40.5x 27.8x 27.3x 25.9x 28x 32.6x 24.3x 19.1x
EV / EBIT 43.4x 30.3x 29.5x 28.6x 30.5x 35.4x 25.8x 20.3x
EV / FCF 28.5x 27.4x 81.1x 28.3x 31.1x 65.5x 34.8x 27.7x
FCF Yield 3.51% 3.66% 1.23% 3.53% 3.21% 1.53% 2.87% 3.61%
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% 0.57% 0.73% 0.91%
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 1,579.60 1,579.60 1,579.60
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
41.29x13.73x31.73x0.57% 702B
35.35x11.79x29.19x0.35% 416B
35.37x7.83x24.43x1.36% 169B
33.05x3.57x16.44x1.6% 84.66B
59.22x7.74x27.02x0.25% 24.72B
45.16x14.59x30.28x0.83% 21.87B
23.01x3.36x14.37x1.32% 16.97B
55.62x10.39x32.12x - 16.28B
23.13x2.06x10.12x0.57% 14.66B
Average 39.02x 8.34x 23.97x 0.86% 162.93B
Weighted average by Cap. 38.57x 11.55x 28.77x 0.67%

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