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 1 287,256 200,985 268,992 266,748 355,841 627,076 - -
Change - -30.03% 33.84% -0.83% 33.4% 76.22% - -
Enterprise Value (EV) 1 283,740 197,123 266,613 257,684 345,228 616,139 609,201 601,727
Change - -30.53% 35.25% -3.35% 33.97% 78.47% -1.13% -1.23%
P/E Ratio 49.3x 35.7x 34.3x 35.3x 37.3x 51.7x 38.5x 32.7x
PBR 28.6x 22.7x 20x 14.5x 18.2x 27.4x 20.6x 15.4x
PEG - -24.38x 0.8x -10.8x 1.3x 1.9x 1.1x 1.8x
Capitalization / Revenue 15.4x 9.49x 9.76x 9.44x 10.9x 16.1x 13.2x 11.9x
EV / Revenue 15.2x 9.31x 9.67x 9.12x 10.6x 15.8x 12.8x 11.4x
EV / EBITDA 40.5x 27.8x 27.3x 25.9x 28x 40.1x 29.9x 26x
EV / EBIT 43.4x 30.3x 29.5x 28.6x 30.5x 43.4x 32.3x 27.8x
EV / FCF 28.5x 27.4x 81.1x 28.3x 31.1x 89x 44.9x 36.3x
FCF Yield 3.51% 3.66% 1.23% 3.53% 3.21% 1.12% 2.23% 2.76%
Dividend per Share 2 5.5 5.8 6.1 6.4 7.5 8.629 10.56 12.07
Rate of return 0.78% 1.15% 0.89% 0.94% 0.81% 0.53% 0.65% 0.74%
EPS 2 14.34 14.13 19.89 19.24 24.71 31.52 42.3 49.81
Distribution rate 38.4% 41% 30.7% 33.3% 30.4% 27.4% 25% 24.2%
Net sales 1 18,611 21,173 27,558 28,263 32,667 39,046 47,680 52,749
EBITDA 1 7,007 7,084 9,782 9,941 12,327 15,375 20,346 23,121
EBIT 1 6,536 6,501 9,042 9,023 11,301 14,209 18,886 21,657
Net income 1 5,883 5,624 7,839 7,572 9,393 12,088 15,948 18,194
Net Debt 1 -3,515 -3,862 -2,379 -9,064 -10,613 -10,936 -17,874 -25,349
Reference price 2 706.70 503.80 681.70 678.70 921.40 1,629.60 1,629.60 1,629.60
Nbr of stocks (in thousands) 406,474 398,937 394,590 393,028 386,196 384,803 - -
Announcement Date 1/19/22 1/25/23 1/24/24 1/29/25 1/28/26 - - -
1EUR in Million2EUR
Estimates

P/E Ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
56.74x12.46x44.39x0.88% 192B
34.87x3.6x16.5x1.46% 81.88B
172.07x51.07x131.33x0.15% 28.65B
52.18x16.75x34.87x0.73% 24.62B
58.29x7.52x26.62x0.27% 22.95B
39.6x2.86x15.59x0.41% 20.52B
30.05x3.93x18.29x1.01% 16.46B
62.4x11.3x35.95x - 16.11B
77.22x - - -.--% 10.85B
Average 64.82x 13.68x 40.44x 0.61% 45.96B
Weighted average by Cap. 59.06x 12.50x 40.44x 0.86%

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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