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 1 287,256 200,985 268,992 266,748 355,841 584,066 - -
Change - -30.03% 33.84% -0.83% 33.4% 64.14% - -
Enterprise Value (EV) 1 283,740 197,123 266,613 257,684 345,228 570,541 562,292 550,638
Change - -30.53% 35.25% -3.35% 33.97% 65.27% -1.45% -2.07%
P/E 49.3x 35.7x 34.3x 35.3x 37.3x 39.8x 30x 23.3x
PBR 28.6x 22.7x 20x 14.5x 18.2x 22.7x 16.6x 12.1x
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 13.6x 10.9x 9.14x
EV / Revenue 15.2x 9.31x 9.67x 9.12x 10.6x 13.3x 10.5x 8.62x
EV / EBITDA 40.5x 27.8x 27.3x 25.9x 28x 31.1x 23.2x 18.3x
EV / EBIT 43.4x 30.3x 29.5x 28.6x 30.5x 33.5x 24.7x 19.5x
EV / FCF 28.5x 27.4x 81.1x 28.3x 31.1x 61.8x 32.9x 26.3x
FCF Yield 3.51% 3.66% 1.23% 3.53% 3.21% 1.62% 3.04% 3.81%
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% 0.6% 0.77% 0.94%
EPS 2 14.34 14.13 19.89 19.24 24.71 38.19 50.73 65.17
Distribution rate 38.4% 41% 30.7% 33.3% 30.4% 23.9% 23.1% 22%
Net sales 1 18,611 21,173 27,558 28,263 32,667 42,969 53,541 63,868
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 17,047 22,753 28,287
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 -21,774 -33,427
Reference price 2 706.70 503.80 681.70 678.70 921.40 1,520.80 1,520.80 1,520.80
Nbr of stocks (in thousands) 406,474 398,937 394,590 393,028 386,196 384,052 - -
Announcement Date 19/1/22 25/1/23 24/1/24 29/1/25 28/1/26 - - -
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% 666B
54.65x16.48x44.11x0.34% 384B
40.74x8.97x28.09x1.22% 182B
34.92x3.63x16.53x1.49% 81.1B
49.65x15.9x33.02x0.77% 23.1B
51.82x6.77x23.92x0.3% 20.4B
26.61x4.01x16.87x1.14% 19.2B
29.92x2.2x12.01x0.54% 15.51B
53.63x9.73x30.95x - 13.86B
58.41x - - -.--% 8.21B
Average 44.02x 9.00x 26.28x 0.71% 141.34B
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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