ASML

Valuation Analysis

About the Company

ASML en bref

ASML (ASML) is currently trading at 1 683,24 € with a market capitalization of 648,8 Md €. The trailing P/E ratio stands at 64.45x, with a forward P/E of 40.13x. The 52-week range spans from 596,25 € to 1 694,91 €; the current price is 0.7% below the yearly high. Year-over-year revenue growth stands at +13.2%. The net profit margin stands at 29.71%.

💰 Dividende

ASML pays an annual dividend of 7,67 € per share, representing a yield of 0.46%. The payout ratio stands at 25.82%.

📊 Avis des analystes

15 analystes évaluent ASML (ASML) au consensus : Achat Fort. L'objectif de cours moyen est de 1 470,41 €, soit un potentiel de -12.64% par rapport au cours actuel. La fourchette des objectifs de cours des analystes va de 773,52 € à 1 953,60 €.

ASML : la thèse d'investissement en détail

ASML (ASML) operates in the Technology — specifically Semiconductor Equipment & Materials — and is headquartered in Netherlands. Below is a structured read of the investment case built directly from the latest fundamentals, valuation multiples, analyst positioning and smart-money flows. Each section translates raw numbers into the investment logic they imply, so you can decide whether the risk/reward fits your portfolio.

Le scénario haussier

Revenue is growing at a healthy 13.2% pace year-over-year, suggesting the business model continues to find new customers and pricing power. The combination of a 52.6% gross margin and 36.02% operating margin shows the business converts revenue into profit efficiently — a hallmark of competitive moat. Return on equity of 52.24% places management among the most capital-efficient operators in the public market — every euro of shareholder capital is working hard.

Le scénario baissier

A trailing P/E above 50 combined with revenue growth below 20% is a dangerous combination — the market is paying a steep growth multiple for what is, by the data, only moderately fast expansion. Our valuation screen flags the stock as overvalued — current multiples imply the business needs to deliver well above its recent trajectory to justify the price.

Valorisation en contexte

The EV/EBITDA multiple of 3039.7x reflects rich expectations — historically, multiples at this level have proven hard to maintain for more than a few quarters.

À surveiller

• The forward P/E of 40.13x is meaningfully below the trailing 64.45x — analysts expect earnings to step up; the next earnings release is the test.
• The share is trading at 98.9% of its 52-week range — a break above the recent high opens technical upside, a failure here often invites profit-taking.

Thèse d'investissement : forces et faiblesses

Aperçu technique

Price trades above both the 50- and 200-day moving averages, with 50d above 200d — a classic bullish setup (golden-cross alignment).

Profil de risque

The data points to market-like volatility.

Trading Data

💵 Dividend Info

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