` Comparison: ASML, LRCX - Alpha Spread

ASML
vs
LRCX

Over the past 12 months, ASML has underperformed LRCX, delivering a return of +34% compared to the LRCX's +106% growth.

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ASML
LRCX
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Valuation Comparison

ASML Intrinsic Value
705.46 EUR
Overvaluation 24%
Intrinsic Value
Price
LRCX Intrinsic Value
98.7 USD
Overvaluation 39%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
ASML Holding NV
AEX:ASML
925.3 EUR
Lam Research Corp
NASDAQ:LRCX
160.52 USD
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Valuation Scenario:
Bear Case
Base Case
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Growth Comparison

Growth Over Time
ASML, LRCX

ASML
LRCX
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Revenue
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Company LTM Historical Growth Growth Streak % Positive Years Max Drawdown Volatility Forecasted Growth
3 Years 5 Years 10 Years 1 Year 3 Years
ASML Holding NV
Revenue
Lam Research Corp
Revenue

All metrics are calculated based on data from the last 10 years.

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Profitability Comparison

Free Cash Flow
ASML, LRCX

ASML
LRCX
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Free Cash Flow
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Company LTM Average Historical Growth FCF Margin Conversion
3 Years 5 Years 3 Years 5 Years 10 Years
ASML Holding NV
AEX:ASML
Lam Research Corp
NASDAQ:LRCX
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What is Free Cash Flow?

Gross Margin

ASML
51.9%
LRCX
49.3%
LTM 3Y Avg 5Y Avg 10Y Avg
ASML Holding NV
Lam Research Corp

Operating Margin

ASML
37.7%
LRCX
33%
LTM 3Y Avg 5Y Avg 10Y Avg
ASML Holding NV
Lam Research Corp

Net Margin

ASML
31.7%
LRCX
29.7%
LTM 3Y Avg 5Y Avg 10Y Avg
ASML Holding NV
Lam Research Corp

FCF Margin

ASML
28.9%
LRCX
28.3%
LTM 3Y Avg 5Y Avg 10Y Avg
ASML Holding NV
Lam Research Corp

ROE

ASML
54.1%
LRCX
62%
LTM 3Y Avg 5Y Avg 10Y Avg
ASML Holding NV
Lam Research Corp

ROA

ASML
22.1%
LRCX
28.6%
LTM 3Y Avg 5Y Avg 10Y Avg
ASML Holding NV
Lam Research Corp

ROIC

ASML
27.2%
LRCX
41.9%
LTM 3Y Avg 5Y Avg 10Y Avg
ASML Holding NV
Lam Research Corp

ROCE

ASML
42.3%
LRCX
43.7%
LTM 3Y Avg 5Y Avg 10Y Avg
ASML Holding NV
Lam Research Corp

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
ASML, LRCX

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Performance Gap
ASML, LRCX

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ASML
LRCX
Difference
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Performance By Year
ASML, LRCX

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ASML
LRCX
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