Financials ASML Holding N.V.

Equities

ASML

NL0010273215

Semiconductor Equipment & Testing

Market Closed - Euronext Amsterdam Other stock markets 11:39:49 2024-09-13 EDT			5-day change	1st Jan Change
734.00 ^EUR	+1.61%		+7.78%	+7.67%

09-12	ASML Needs Export Licenses for China Software Updates	MT
09-11	US Equity Indexes Mixed as Investors Assess Inflation Print, Slumping Fed Rate-Cut Bets	MT

Projected Income Statement: ASML Holding N.V.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	11,820	13,978	18,611	21,173	27,558	27,696	36,408	39,905
Change	-	18.26%	33.14%	13.77%	30.16%	0.5%	31.45%	9.6%
EBITDA ¹	3,239	4,542	7,007	7,084	9,782	9,541	14,672	16,564
Change	-	40.22%	54.27%	1.1%	38.08%	-2.46%	53.78%	12.89%
EBIT ¹	2,791	4,052	6,536	6,501	9,042	8,642	13,713	15,561
Change	-	45.17%	61.33%	-0.55%	39.1%	-4.42%	58.68%	13.47%
Interest Paid ¹	-25	-34.9	-44.6	-44.6	41.2	-31.93	-28.1	-16.93
Earnings before Tax (EBT) ¹	2,766	4,017	6,706	6,456	9,084	8,627	13,865	15,906
Change	-	45.22%	66.94%	-3.72%	40.7%	-5.03%	60.72%	14.72%
Net income ¹	2,592	3,554	5,883	5,624	7,839	7,385	11,624	13,255
Change	-	37.09%	65.55%	-4.4%	39.38%	-5.8%	57.4%	14.03%
Announcement Date	1/22/20	1/20/21	1/19/22	1/25/23	1/24/24	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2019 Q3	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2
Net sales ¹	2,986	4,036	2,441	3,326	3,958	4,254	4,364	4,020	5,241	4,986	3,534	5,431	5,778	6,430	6,746	6,902	6,673	7,237	5,290	6,243	7,160	8,910	8,063	8,760	9,384	9,970	9,554	10,075
Change	-	35.15%	-39.53%	36.26%	19%	7.48%	2.58%	-7.88%	30.37%	-4.87%	-29.12%	53.68%	6.39%	11.29%	4.91%	2.31%	-3.32%	8.45%	-26.9%	18.02%	14.69%	24.44%	-9.51%	8.65%	7.12%	6.25%	-4.17%	5.46%
EBITDA ¹	798	1,399	545.3	1,030	1,338	1,629	1,678	1,352	2,036	1,942	915.6	1,785	2,076	2,307	2,375	2,444	2,359	2,604	1,606	2,062	2,445	3,420	3,419	3,648	3,863	3,767	4,208	4,411
Change	-	75.36%	-61.03%	88.91%	29.88%	21.77%	3.03%	-19.47%	50.59%	-4.61%	-52.85%	94.94%	16.33%	11.13%	2.94%	2.9%	-3.5%	10.4%	-38.33%	28.42%	18.55%	39.9%	-0.03%	6.7%	5.87%	-2.47%	11.7%	4.83%
EBIT ¹	685.6	1,276	427	905	1,216	1,504	1,561	1,239	1,919	1,818	784.6	1,653	1,938	2,124	2,205	2,263	2,182	2,392	1,391	1,835	2,244	3,093	2,868	3,250	3,597	3,922	3,884	4,091
Change	-	86.19%	-66.55%	111.94%	34.35%	23.67%	3.78%	-20.61%	54.91%	-5.3%	-56.83%	110.73%	17.24%	9.58%	3.8%	2.63%	-3.56%	9.6%	-41.83%	31.85%	22.33%	37.81%	-7.28%	13.32%	10.68%	9.03%	-0.97%	5.33%
Charge d'intérêts	-5.4	-4.8	-11.4	-7.1	-8.4	-8	-12.1	-9.8	-10.5	-12.2	-15.6	-10.8	-15.1	-3.1	12.2	-16.7	7.1	5.2	26.2	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	680.2	1,272	415.3	898	1,208	1,496	1,548	1,229	1,909	2,019	769	1,643	1,923	2,121	2,217	2,280	2,190	2,397	1,418	1,823	2,251	3,053	2,735	3,153	3,602	4,069	3,664	3,880
Change	-	86.96%	-67.34%	116.23%	34.47%	23.87%	3.53%	-20.62%	55.29%	5.77%	-61.91%	113.6%	17.09%	10.28%	4.53%	2.82%	-3.96%	9.48%	-40.86%	28.58%	23.5%	35.64%	-10.41%	15.28%	14.24%	12.95%	-9.95%	5.9%
Net income ¹	626.8	1,134	391	751	1,062	1,350	1,331	1,038	1,740	1,774	695	1,411	1,702	1,816	1,956	1,942	1,893	2,048	1,224	1,578	1,924	2,608	2,426	2,741	3,047	3,294	3,454	3,496
Change	-	80.93%	-65.52%	92.07%	41.41%	27.17%	-1.41%	-22.02%	67.62%	1.94%	-60.82%	103.02%	20.59%	6.76%	7.67%	-0.72%	-2.49%	8.17%	-40.25%	28.93%	21.9%	35.61%	-6.98%	12.96%	11.17%	8.1%	4.87%	1.23%
Announcement Date	10/16/19	1/22/20	4/15/20	7/15/20	10/14/20	1/20/21	4/21/21	7/21/21	10/20/21	1/19/22	4/20/22	7/20/22	10/19/22	1/25/23	4/19/23	7/19/23	10/18/23	1/24/24	4/17/24	7/17/24	-	-	-	-	-	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2023 S1	2023 S2	2024 S2
Net sales ¹	13,648	13,910	16,163
Change	-	1.92%	16.2%
EBITDA	-	-	-
Change	-	-	-
EBIT	-	-	-
Change	-	-	-
Charge d'intérêts	-	-	-
Earnings before Tax (EBT)	-	-	-
Change	-	-	-
Net income	-	-	-
Change	-	-	-
Announcement Date	7/19/23	1/24/24	-

¹EUR in Million

Estimates

Forecast Balance Sheet: ASML Holding N.V.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-1,610	-2,689	-3,515	-3,862	-2,379	-3,674	-5,555	-9,044
Change	-	-267.02%	-230.72%	-209.87%	-161.6%	-254.46%	-251.2%	-262.81%
Announcement Date	1/22/20	1/20/21	1/19/22	1/25/23	1/24/24	-	-	-

¹EUR in Million

Estimates

Cash Flow Forecast: ASML Holding N.V.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	766.6	962	900.7	1,282	2,156	1,871	1,887	1,927
Change	-	25.49%	-6.37%	42.31%	68.17%	-13.2%	0.88%	2.09%
Free Cash Flow (FCF) ¹	2,510	3,666	9,945	7,205	3,288	3,817	9,281	12,039
Change	-	46.05%	171.31%	-27.55%	-54.37%	16.11%	143.13%	29.71%
Announcement Date	1/22/20	1/20/21	1/19/22	1/25/23	1/24/24	-	-	-

¹EUR in Million

Estimates

Forecast Financial Ratios: ASML Holding N.V.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	27.41%	32.49%	37.65%	33.46%	35.5%	34.45%	40.3%	41.51%
EBIT Margin (%)	23.61%	28.98%	35.12%	30.7%	32.81%	31.2%	37.67%	39%
EBT Margin (%)	23.4%	28.73%	36.03%	30.49%	32.96%	31.15%	38.08%	39.86%
Net margin (%)	21.93%	25.42%	31.61%	26.56%	28.44%	26.66%	31.93%	33.22%
FCF margin (%)	21.23%	26.22%	53.44%	34.03%	11.93%	13.78%	25.49%	30.17%
FCF / Net Income (%)	96.82%	103.15%	169.05%	128.11%	41.94%	51.69%	79.85%	90.83%
Profitability
ROA	12.12%	14.24%	20.46%	16.91%	20.56%	16.92%	22.44%	22.67%
ROE	21.39%	26.86%	49.01%	59.35%	70.42%	48.97%	62.92%	57.49%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	6.49%	6.88%	4.84%	6.05%	7.82%	6.76%	5.18%	4.83%
CAPEX / EBITDA (%)	23.67%	21.18%	12.85%	18.09%	22.04%	19.61%	12.86%	11.63%
CAPEX / FCF (%)	30.54%	26.24%	9.06%	17.79%	65.56%	49.01%	20.34%	16.01%
Items per share
Cash flow per share ¹	7.771	11.04	26.43	13.44	13.81	20.27	33.28	38.44
Change	-	42.08%	139.34%	-49.14%	2.77%	46.72%	64.22%	15.51%
Dividend per Share ¹	2.4	2.75	5.5	5.8	6.1	6.802	8.299	9.707
Change	-	14.58%	100%	5.45%	5.17%	11.51%	22.01%	16.96%
Book Value Per Share ¹	29.92	33.15	24.75	22.15	34.13	41.33	52.52	65.93
Change	-	10.77%	-25.35%	-10.47%	54.07%	21.07%	27.09%	25.54%
EPS ¹	6.15	8.48	14.34	14.13	19.89	18.84	30.03	34.63
Change	-	37.89%	69.1%	-1.46%	40.76%	-5.29%	59.41%	15.32%
Nbr of stocks (in thousands)	419,686	410,673	406,474	398,937	394,590	393,028	393,028	393,028
Announcement Date	1/22/20	1/20/21	1/19/22	1/25/23	1/24/24	-	-	-