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ASML Holding NV
NASDAQ:ASML

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ASML Holding NV
NASDAQ:ASML
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Price: 1 453.345 USD -1.57%
Market Cap: $573.5B

EV/OCF

33.7
Current
19%
More Expensive
vs 3-y average of 28.4

Enterprise Value to Operating Cash Flow (EV/OCF) ratio compares a company`s total enterprise value to its operating cash flow. It shows how much investors are paying for each dollar of the company`s operating cash flow, including both equity and debt.

EV/OCF
33.7
=
Enterprise Value
$460.8B
/
Operating Cash Flow
€13.8B

Enterprise Value to Operating Cash Flow (EV/OCF) ratio compares a company`s total enterprise value to its operating cash flow. It shows how much investors are paying for each dollar of the company`s operating cash flow, including both equity and debt.

EV/OCF
33.7
=
Enterprise Value
$460.8B
/
Operating Cash Flow
€13.8B

Valuation Scenarios

ASML Holding NV is trading above its 3-year average

If EV/OCF returns to its 3-Year Average (28.4), the stock would be worth $1 223.97 (16% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-65%
Maximum Upside
+7%
Average Downside
23%
Scenario EV/OCF Value Implied Price Upside/Downside
Current Multiple 33.7 $1 453.35
0%
3-Year Average 28.4 $1 223.97
-16%
5-Year Average 27.7 $1 192.14
-18%
Industry Average 36.2 $1 559.4
+7%
Country Average 11.7 $502.19
-65%

Forward EV/OCF
Today’s price vs future operating cash flow

Not enough data available to calculate forward EV/OCF

Peer Comparison

All Multiples
EV/OCF
P/E
All Countries
Close
Market Cap EV/OCF P/E
NL
ASML Holding NV
NASDAQ:ASML
476.8B USD 33.7 46.7
US
Lam Research Corp
NASDAQ:LRCX
329.3B USD 44.9 51.9
US
Applied Materials Inc
NASDAQ:AMAT
310.8B USD 35.5 39.7
US
KLA Corp
NASDAQ:KLAC
236.8B USD 49 51.2
US
Brooks Automation Inc
LSE:0HQ1
232.1B USD 3 713 -4 011.8
JP
Tokyo Electron Ltd
TSE:8035
21T JPY 41.1 41.7
JP
Advantest Corp
TSE:6857
19.8T JPY 58.2 68.5
US
Teradyne Inc
NASDAQ:TER
58.6B USD 87.1 106.3
JP
Disco Corp
TSE:6146
8T JPY 78.8 61.3
CN
NAURA Technology Group Co Ltd
SZSE:002371
341.2B CNY -225.1 51.8
NL
ASM International NV
AEX:ASM
38.2B EUR 35.1 52.8
P/E Multiple
Earnings Growth PEG
NL
ASML Holding NV
NASDAQ:ASML
Average P/E: 57.2
46.7
20%
2.3
US
Lam Research Corp
NASDAQ:LRCX
51.9
24%
2.2
US
Applied Materials Inc
NASDAQ:AMAT
39.7
20%
2
US
KLA Corp
NASDAQ:KLAC
51.2
22%
2.3
US
B
Brooks Automation Inc
LSE:0HQ1
Negative Multiple: -4 011.8 N/A N/A
JP
Tokyo Electron Ltd
TSE:8035
41.7
13%
3.2
JP
Advantest Corp
TSE:6857
68.5
50%
1.4
US
Teradyne Inc
NASDAQ:TER
106.3
44%
2.4
JP
Disco Corp
TSE:6146
61.3
16%
3.8
CN
NAURA Technology Group Co Ltd
SZSE:002371
51.8
30%
1.7
NL
ASM International NV
AEX:ASM
52.8
23%
2.3

Market Distribution

Higher than 88% of companies in Netherlands
Percentile
88th
Based on 489 companies
88th percentile
40.9
Low
0.1 — 8.3
Typical Range
8.3 — 21.6
High
21.6 —
Distribution Statistics
Netherlands
Min 0.1
30th Percentile 8.3
Median 11.7
70th Percentile 21.6
Max 292.6

ASML Holding NV
Glance View

In the intricate and high-stakes world of semiconductor manufacturing, ASML Holding NV stands as a pivotal player, commanding both respect and influence. Originating from the Netherlands, ASML has positioned itself as a critical cog in the machinery of the digital age. With its unmatched ability to design and manufacture advanced lithography machines, ASML ensures the continuous shrinkage of microchips—a paramount necessity as the demand for faster, more efficient, and compact devices surges globally. The company’s bread and butter are its state-of-the-art Extreme Ultraviolet (EUV) lithography systems, which employ a complex interplay of light and lenses to etch extremely fine patterns onto silicon wafers. This technology is central to fabricating the most advanced semiconductors, found at the heart of every contemporary technology, from smartphones to supercomputers. ASML’s business model thrives on the integration of cutting-edge innovation and strategic partnerships. By collaborating closely with major chipmakers like Intel, Samsung, and TSMC, ASML ensures its technology not only meets but anticipates industry needs. The company generates revenue through the sale of these sophisticated machines, each potentially priced at over $100 million, complemented by lucrative long-term service agreements. In addition to selling new systems, ASML capitalizes on servicing and upgrading approximately 7,000 lithography machines operating worldwide. This approach provides a stable and continuous revenue stream, cementing ASML’s role as a linchpin in the semiconductor supply chain. Through relentless innovation and strategic maneuvers, ASML not only adapts to but shapes the future of technology.

ASML Intrinsic Value
765.459 USD
Overvaluation 47%
Intrinsic Value
Price $1 453.345
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