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 1 287,256 200,985 268,992 266,748 355,841 545,200 - -
Change - -30.03% 33.84% -0.83% 33.4% 53.21% - -
Enterprise Value (EV) 1 283,740 197,123 266,613 257,684 345,228 530,829 521,422 507,008
Change - -30.53% 35.25% -3.35% 33.97% 53.76% -1.77% -2.76%
P/E 49.3x 35.7x 34.3x 35.3x 37.3x 34.2x 25.1x 18.6x
PBR 28.6x 22.7x 20x 14.5x 18.2x 21.6x 15.5x 10.9x
PEG - -24.38x 0.8x -10.8x 1.3x 0.5x 0.7x 0.5x
Capitalization / Revenue 15.4x 9.49x 9.76x 9.44x 10.9x 12.3x 9.53x 7.71x
EV / Revenue 15.2x 9.31x 9.67x 9.12x 10.6x 11.9x 9.11x 7.17x
EV / EBITDA 40.5x 27.8x 27.3x 25.9x 28x 27.3x 19.6x 14.8x
EV / EBIT 43.4x 30.3x 29.5x 28.6x 30.5x 28.9x 20.8x 15.4x
EV / FCF 28.5x 27.4x 81.1x 28.3x 31.1x 33.7x 27.1x 20.4x
FCF Yield 3.51% 3.66% 1.23% 3.53% 3.21% 2.96% 3.7% 4.91%
Dividend per Share 2 5.5 5.8 6.1 6.4 7.5 9.246 12.15 14.88
Rate of return 0.78% 1.15% 0.89% 0.94% 0.81% 0.65% 0.86% 1.05%
EPS 2 14.34 14.13 19.89 19.24 24.71 41.51 56.55 76.32
Distribution rate 38.4% 41% 30.7% 33.3% 30.4% 22.3% 21.5% 19.5%
Net sales 1 18,611 21,173 27,558 28,263 32,667 44,458 57,215 70,747
EBITDA 1 7,007 7,084 9,782 9,941 12,327 19,479 26,539 34,223
EBIT 1 6,536 6,501 9,042 9,023 11,301 18,364 25,104 32,860
Net income 1 5,883 5,624 7,839 7,572 9,393 15,849 21,228 27,646
Net Debt 1 -3,515 -3,862 -2,379 -9,064 -10,613 -14,370 -23,778 -38,192
Reference price 2 706.70 503.80 681.70 678.70 921.40 1,419.60 1,419.60 1,419.60
Nbr of stocks (in thousands) 406,474 398,937 394,590 393,028 386,196 384,052 - -
Announcement Date 1/19/22 1/25/23 1/24/24 1/29/25 1/28/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
34.2x11.94x27.25x0.65% 611B
24.05x9.02x21.69x0.55% 326B
28.5x8.62x25.02x0.52% 298B
27.48x11.9x24.64x0.65% 213B
34.73x12.98x25.25x0.27% 149B
27.39x6.17x18.82x1.77% 137B
34.11x3.76x17.09x1.54% 88.19B
52.49x7.8x41.5x0.17% 58.92B
34.8x10.34x29.15x0.17% 54.01B
30.48x7.98x20.74x0.57% 38.92B
Average 32.82x 9.05x 25.12x 0.69% 197.37B
Weighted average by Cap. 30.99x 10.02x 24.87x 0.67%

Y-o-Y evolution of P/E

Valuation ratios - P/E - ASML Holding N.V.

Historical PBR trend

Valuation ratios - PBR - ASML Holding N.V.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - ASML Holding N.V.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - ASML Holding N.V.


Year-on-year evolution of the Yield

Valuation ratios - Yield - ASML Holding N.V.
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