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ASML Holding NV ADR (ASML)ASML
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Upturn Advisory Summary
10/24/2024: ASML (3-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type: Stock | Upturn Star Rating | Today’s Advisory: PASS |
Historic Profit: 3.63% | Upturn Advisory Performance 2 | Avg. Invested days: 40 |
Profits based on simulation | Stock Returns Performance 1 | Last Close 10/24/2024 |
Type: Stock | Today’s Advisory: PASS |
Historic Profit: 3.63% | Avg. Invested days: 40 |
Upturn Star Rating | Stock Returns Performance 1 |
Profits based on simulation Last Close 10/24/2024 | Upturn Advisory Performance 2 |
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 269.98B USD |
Price to earnings Ratio 36.89 | 1Y Target Price 872.77 |
Dividends yield (FY) 0.99% | Basic EPS (TTM) 18.61 |
Volume (30-day avg) 2151259 | Beta 1.1 |
52 Weeks Range 645.45 - 1105.47 | Updated Date 12/1/2024 |
Company Size Large-Cap Stock | Market Capitalization 269.98B USD | Price to earnings Ratio 36.89 | 1Y Target Price 872.77 |
Dividends yield (FY) 0.99% | Basic EPS (TTM) 18.61 | Volume (30-day avg) 2151259 | Beta 1.1 |
52 Weeks Range 645.45 - 1105.47 | Updated Date 12/1/2024 |
Earnings Date
Report Date - | When - |
Estimate - | Actual - |
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 26.4% | Operating Margin (TTM) 32.69% |
Management Effectiveness
Return on Assets (TTM) 12.71% | Return on Equity (TTM) 49.22% |
Revenue by Products
Revenue by Products - Current and Previous Year
Revenue by Geography
Revenue by Geography - Current and Previous Year
Valuation
Trailing PE 36.89 | Forward PE 26.74 |
Enterprise Value 273100196030 | Price to Sales(TTM) 10.29 |
Enterprise Value to Revenue 9.86 | Enterprise Value to EBITDA 28.28 |
Shares Outstanding 393200000 | Shares Floating 393003400 |
Percent Insiders 0.01 | Percent Institutions 19.23 |
Trailing PE 36.89 | Forward PE 26.74 | Enterprise Value 273100196030 | Price to Sales(TTM) 10.29 |
Enterprise Value to Revenue 9.86 | Enterprise Value to EBITDA 28.28 | Shares Outstanding 393200000 | Shares Floating 393003400 |
Percent Insiders 0.01 | Percent Institutions 19.23 |
Analyst Ratings
Rating 4.28 | Target Price 680.53 | Buy 8 |
Strong Buy 21 | Hold 10 | Sell - |
Strong Sell - |
Rating 4.28 | Target Price 680.53 | Buy 8 | Strong Buy 21 |
Hold 10 | Sell - | Strong Sell - |
AI Summarization
ASML Holding NV ADR: A Comprehensive Overview
Company Profile
Detailed history and background:
- Founded in 1984 as a joint venture between Philips and ASM International, ASML became a standalone company in 1995.
- Headquartered in Veldhoven, Netherlands, the company employs over 31,000 people worldwide.
- ASML has a strong presence in Europe, the United States, and Asia.
- Listed on the Euronext Amsterdam and NASDAQ stock exchanges, ASML's stock ticker symbol is ASML.
Core business areas:
- ASML specializes in designing and manufacturing photolithography systems, critical equipment used in the semiconductor manufacturing process for etching intricate circuits onto silicon wafers.
- These systems utilize ultraviolet light or extreme ultraviolet light to project circuit patterns onto the wafers with extreme precision.
- ASML's customers include leading semiconductor manufacturers like TSMC, Intel, and Samsung.
Leadership team and corporate structure:
- Peter Wennink serves as the CEO and President of the Managing Board, responsible for overall strategy and operations.
- Executive Vice President Martin van den Brink leads Technology and Development.
- The company operates in a single business segment, Lithography Systems.
Top Products and Market Share
Top products and offerings:
- ASML's flagship product is the Twinscan NXT series, offering high-throughput and high-resolution capabilities.
- The company also provides immersion systems and EUV systems for advanced chip production.
- ASML offers various services and support, including installation, maintenance, and training.
Market share:
- ASML dominates the global photolithography market, with a 90% market share as of 2023.
- This dominance stems from their technological leadership, product reliability, and customer support.
Product performance and market reception:
- ASML's systems are renowned for their performance and efficiency, consistently pushing the boundaries of chip miniaturization.
- The company enjoys a strong reputation among customers, leading to continued market leadership.
Total Addressable Market
Market size:
- The global semiconductor manufacturing equipment market is estimated to be worth $89 billion in 2023.
- The photolithography segment, where ASML operates, accounts for a significant portion of this market.
Financial Performance
Recent financial performance:
- ASML's revenue for the fiscal year 2022 was €21.2 billion, with a net income of €6.3 billion.
- The company has consistently reported strong profitability, with gross margins exceeding 50%.
- Earnings per share (EPS) for 2022 stood at €6.04.
Year-over-year performance:
- ASML has demonstrated consistent year-over-year growth in revenue, net income, and EPS.
- This growth is driven by increasing demand for advanced chip production and the company's continued technological leadership.
Cash flow and balance sheet:
- ASML boasts a healthy cash flow position, with significant cash reserves and minimal debt.
- The company's balance sheet is robust, reflecting its financial stability and strong competitive position.
Dividends and Shareholder Returns
Dividend history:
- ASML has a consistent dividend payout history, with a current dividend yield of 1.73%.
- The company has increased its dividend payout over the past five years.
Shareholder returns:
- ASML has delivered strong shareholder returns over the past several years.
- The stock price has increased significantly, outperforming the broader market.
Growth Trajectory
Historical growth:
- ASML has experienced consistent revenue and earnings growth over the past five to ten years.
- This growth is driven by the increasing demand for advanced semiconductors and the company's technological leadership.
Future growth projections:
- Industry analysts expect ASML to continue its growth trajectory in the coming years.
- This growth is fueled by the ongoing demand for more powerful and efficient chips.
Recent growth initiatives:
- ASML is investing heavily in R&D to maintain its technological edge.
- The company is also expanding its production capacity to meet the growing demand.
Market Dynamics
Industry trends:
- The semiconductor industry is experiencing rapid growth, driven by the increasing demand for electronic devices and the emergence of new technologies like artificial intelligence.
- This growth is driving demand for advanced chip production, directly impacting ASML's market.
Competitive landscape:
- ASML faces competition from other photolithography equipment manufacturers like Nikon and Canon.
- However, ASML maintains a significant technological lead over its competitors, giving it a strong competitive advantage.
Competitors
Key competitors:
- Nikon (NINOY)
- Canon (CAJ)
- Tokyo Electron (TOELY)
Market share comparison:
- ASML: 90%
- Nikon: 8%
- Canon: 2%
Competitive advantages and disadvantages:
- ASML's advantages include its technological leadership, strong customer relationships, and established presence in the market.
- The company's potential disadvantages include its reliance on a limited number of customers and the high cost of its equipment.
Potential Challenges and Opportunities
Key challenges:
- Supply chain disruptions: ASML relies on a complex global supply chain, which can be vulnerable to disruptions.
- Rapid technological advancements: Competitors may introduce new technologies that could challenge ASML's market leadership.
Potential opportunities:
- New markets: ASML can expand into new markets, such as China, to drive growth.
- Product innovations: The company can develop new products and services to meet the evolving needs of customers.
- Strategic partnerships: ASML can form strategic partnerships with other companies to expand its reach and capabilities.
Recent Acquisitions
Past three years:
- In 2023, ASML acquired Berliner Glas, a specialist in optical components for lithography systems, enhancing its supply chain and further solidifying its technological leadership.
- In 2022, the company acquired Cymer, a leading manufacturer of laser systems used in EUV lithography systems, further strengthening its position in the advanced chip production market.
AI-Based Fundamental Rating
Rating:
- ASML receives an AI-based fundamental rating of 9.5 out of 10.
Justification:
- ASML's strong financial performance, robust market position, and bright growth prospects make it a highly attractive investment opportunity.
- The company's technological leadership and strong customer relationships provide it with a significant competitive advantage.
- While potential challenges exist, ASML is well-positioned to navigate these challenges and capitalize on its opportunities.
Sources and Disclaimers
Sources:
- ASML Holding NV's official website: https://www.asml.com/
- Yahoo Finance: https://finance.yahoo.com/quote/ASML/
- Reuters: https://www.reuters.com/finance/stocks/companyProfile?symbol=ASML.AS
Disclaimer:
This analysis is for informational purposes only and should not be considered investment advice. It is essential to conduct your own research and consult with a qualified financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About ASML Holding NV ADR
Exchange | NASDAQ | Headquaters | - |
IPO Launch date | 1995-03-15 | President, CEO & Member of Management Board | Mr. Christophe D. Fouquet |
Sector | Technology | Website | https://www.asml.com |
Industry | Semiconductor Equipment & Materials | Full time employees | 42372 |
Headquaters | - | ||
President, CEO & Member of Management Board | Mr. Christophe D. Fouquet | ||
Website | https://www.asml.com | ||
Website | https://www.asml.com | ||
Full time employees | 42372 |
ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems for chipmakers. It offers advanced semiconductor equipment systems, including lithography, metrology, and inspection systems. The company also provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture various range of semiconductor nodes and technologies. In addition, it offers metrology and inspection systems, including YieldStar optical metrology systems to assess the quality of patterns on the wafers; and HMI electron beam solutions to locate and analyze individual chip defects. Further, the company provides computational lithography solutions, and lithography systems and control software solutions; and refurbishes and upgrades lithography systems, as well as offers customer support and related services. It operates in Japan, South Korea, Singapore, Taiwan, China, rest of Asia, the Netherlands, rest of Europe, the Middle East, Africa, and the United States. The company was formerly known as ASM Lithography Holding N.V. and changed its name to ASML Holding N.V. in 2001. ASML Holding N.V. was founded in 1984 and is headquartered in Veldhoven, the Netherlands.
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