{"id":"ASML.AS-20260801","symbol":"ASML.AS","date":"2026-08-01","facts":{"symbol":"ASML.AS","name":"ASML Holding N.V.","sector":"Technology","industry":"Semiconductor Equipment & Materials","country":"Netherlands","summary":"ASML Holding N.V. provides lithography solutions for the development, production, marketing, sales, upgrading, and servicing of advanced semiconductor equipment systems. The company offers lithography, metrology, and inspection systems. It also provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography systems solutions to manufacture various range of semiconductor nodes and technologies. In addition, the company offers metrology and inspection systems, including YieldStar optical metrology systems, a diffraction-based wafer metrology platform to assess the quality of patterns on the wafers; and HMI electron beam solutions to locate and analyze individual chip defects. Further, it 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. Additionally, the company offers hardware, software, and services to chipmakers to produce the patterns of integrated circuits. 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.","tradeCcy":"EUR","finCcy":"EUR","isPence":false,"price":1434.2,"priceMajor":1434.2,"mcap":550876217344,"shares":384100000,"ev":545279115264,"beta":1.394,"high52":1741,"low52":587.8,"drawdown":-0.17622056289488797,"ret6m":0.20709680677361253,"ret12m":1.3400610223694303,"trailingPE":56.598263,"forwardPE":28.073212,"priceToBook":25.240223,"dividendYield":0.0054,"revenueTTM":35327500288,"ebitda":13488400384,"grossMargin":0.52733004,"opMargin":0.37057,"profitMargin":0.30114,"roe":0.53942,"revGrowthTTM":0.213,"ocfTTM":11486900224,"fcfTTM":8437675008,"totalCash":7581499904,"totalDebt":1984400000,"netDebt":-5597099904,"est":{"rev0y":43043950990,"eps0y":38.05051,"rev1y":53842738480,"eps1y":51.08785,"growth1y":0.3426,"target":1995.1095,"nAnalysts":34,"rec":"strong_buy"},"hist":{"years":["2022","2023","2024","2025"],"revenue":[21173400000,27558500000,28262900000,32667300000],"netIncome":[5624200000,7839000000,7571600000,9609400000],"fcf":[7167500000,3247200000,9083100000,11027300000],"ocf":[8486800000,5443400000,11166200000,12658500000],"opIncome":[6500700000,9042300000,9022600000,11301400000],"eps":[16.07,20.59,19.24,24.71],"equity":[8810800000,13452400000,18476800000,19612200000],"revCAGR3":0.15551134263329014,"lossYears":0},"cyclicality":0.270566963194506,"isFinancial":false,"chartPts":[{"d":"2024-07-28","c":724.84},{"d":"2024-08-04","c":770.96},{"d":"2024-08-11","c":818.66},{"d":"2024-08-18","c":805.19},{"d":"2024-08-25","c":798.5},{"d":"2024-09-01","c":669.68},{"d":"2024-09-08","c":721.8},{"d":"2024-09-15","c":704.78},{"d":"2024-09-22","c":744.71},{"d":"2024-09-29","c":744.91},{"d":"2024-10-06","c":757.89},{"d":"2024-10-13","c":653.45},{"d":"2024-10-20","c":653.06},{"d":"2024-10-27","c":618.11},{"d":"2024-11-03","c":612.59},{"d":"2024-11-10","c":625.89},{"d":"2024-11-17","c":632.89},{"d":"2024-11-24","c":648.96},{"d":"2024-12-01","c":667.88},{"d":"2024-12-08","c":677.84},{"d":"2024-12-15","c":676.26},{"d":"2024-12-22","c":675.08},{"d":"2024-12-29","c":678.13},{"d":"2025-01-05","c":714.9},{"d":"2025-01-12","c":728.5},{"d":"2025-01-19","c":690.65},{"d":"2025-01-26","c":712.34},{"d":"2025-02-02","c":692.92},{"d":"2025-02-09","c":723.26},{"d":"2025-02-16","c":701.43},{"d":"2025-02-23","c":670.32},{"d":"2025-03-02","c":657.87},{"d":"2025-03-09","c":647.7},{"d":"2025-03-16","c":652.64},{"d":"2025-03-23","c":617.96},{"d":"2025-03-30","c":557.22},{"d":"2025-04-06","c":570.25},{"d":"2025-04-13","c":557.31},{"d":"2025-04-20","c":583.53},{"d":"2025-04-27","c":603.34},{"d":"2025-05-04","c":621.08},{"d":"2025-05-11","c":662.3},{"d":"2025-05-18","c":636.74},{"d":"2025-05-25","c":647.93},{"d":"2025-06-01","c":661.51},{"d":"2025-06-08","c":658.54},{"d":"2025-06-15","c":644.47},{"d":"2025-06-22","c":676.27},{"d":"2025-06-29","c":653.38},{"d":"2025-07-06","c":677.66},{"d":"2025-07-13","c":627.72},{"d":"2025-07-20","c":599.38},{"d":"2025-07-27","c":591.14},{"d":"2025-08-03","c":612.89},{"d":"2025-08-10","c":632.56},{"d":"2025-08-17","c":642},{"d":"2025-08-24","c":632.46},{"d":"2025-08-31","c":655.91},{"d":"2025-09-07","c":685.32},{"d":"2025-09-14","c":788.54},{"d":"2025-09-21","c":807.52},{"d":"2025-09-28","c":874.38},{"d":"2025-10-05","c":808.61},{"d":"2025-10-12","c":870.01},{"d":"2025-10-19","c":888.59},{"d":"2025-10-26","c":913.75},{"d":"2025-11-02","c":866.67},{"d":"2025-11-09","c":869.95},{"d":"2025-11-16","c":830.05},{"d":"2025-11-23","c":899.12},{"d":"2025-11-30","c":947.09},{"d":"2025-12-07","c":920.91},{"d":"2025-12-14","c":897.32},{"d":"2025-12-21","c":894.74},{"d":"2025-12-28","c":981.62},{"d":"2026-01-04","c":1076.47},{"d":"2026-01-11","c":1161.66},{"d":"2026-01-18","c":1172.61},{"d":"2026-01-25","c":1209.84},{"d":"2026-02-01","c":1188.14},{"d":"2026-02-08","c":1186.34},{"d":"2026-02-15","c":1251.32},{"d":"2026-02-22","c":1229.2},{"d":"2026-03-01","c":1143.09},{"d":"2026-03-08","c":1175.58},{"d":"2026-03-15","c":1124.36},{"d":"2026-03-22","c":1142.49},{"d":"2026-03-29","c":1157.05},{"d":"2026-04-05","c":1265.67},{"d":"2026-04-12","c":1239.76},{"d":"2026-04-19","c":1248.1},{"d":"2026-04-26","c":1220.93},{"d":"2026-05-03","c":1317.81},{"d":"2026-05-10","c":1305.03},{"d":"2026-05-17","c":1407.31},{"d":"2026-05-24","c":1383.13},{"d":"2026-05-31","c":1460.44},{"d":"2026-06-07","c":1627.64},{"d":"2026-06-14","c":1655.81},{"d":"2026-06-21","c":1576.3},{"d":"2026-06-28","c":1632.43},{"d":"2026-07-05","c":1567.11},{"d":"2026-07-12","c":1535.15},{"d":"2026-07-19","c":1561.12},{"d":"2026-07-26","c":1440},{"d":"2026-07-31","c":1434.2}],"problems":[],"fetchedUtc":"2026-08-01T07:32:58.796Z","pct":{"roe":95,"opMargin":80,"fwdPE":20,"fcfYield":15,"revGrowth":80,"ret12m":95},"fcfYieldTTM":0.015316825708471295},"val":{"viable":true,"model":"dcf","fcf0":9.08,"fcf0Ccy":"EUR","anchor":"median af 3 kandidater: historisk median-FCF (3 år) = 9,1 mia. EUR; TTM-FCF = 8,4 mia. EUR; konsensus-nettoresultat i år × 0,66 (cash-konvertering, cyklikalitetsjusteret) = 9,6 mia. EUR","scenarios":{"bear":{"perShare":343.2,"tvShare":0.51,"g1":0.096,"gT":0.02,"wacc":0.098,"fcfMult":0.78,"prob":0.25},"base":{"perShare":760.24,"tvShare":0.6,"g1":0.187,"gT":0.025,"wacc":0.088,"fcfMult":1,"prob":0.5},"bull":{"perShare":1379.72,"tvShare":0.68,"g1":0.261,"gT":0.03,"wacc":0.08,"fcfMult":1.1,"prob":0.25}},"probs":{"bear":0.25,"base":0.5,"bull":0.25},"weighted":810.85,"upside":-0.435,"impliedG1":0.357,"sensitivity":{"waccLabels":["-2 pp","-1 pp","8,8 %","+1 pp","+2 pp"],"rows":[{"label":"5,4 mia. EUR","cells":[688,554,462,396,346]},{"label":"7,3 mia. EUR","cells":[913,733,611,523,456]},{"label":"9,1 mia. EUR","cells":[1137,913,760,650,567]},{"label":"11,4 mia. EUR","cells":[1418,1137,947,809,705]},{"label":"13,6 mia. EUR","cells":[1699,1362,1133,968,843]}]},"assumptions":["FCF-anker: 9,1 mia. EUR (median af 3 kandidater: historisk median-FCF (3 år) = 9,1 mia. EUR; TTM-FCF = 8,4 mia. EUR; konsensus-nettoresultat i år × 0,66 (cash-konvertering, cyklikalitetsjusteret) = 9,6 mia. EUR).","Krydstjek: konsensus-nettoresultat i år (14,6 mia. EUR) ligger klart over FCF-ankeret — modellen anker bevidst i historisk cash flow, ikke i estimaterne. Er estimaterne holdbare, er fair value for lav.","Startvækst (base) 18,7 %: blandning af konsensus (25,1 %), historisk 3-års CAGR (15,6 %) og universets median (7,6 %), fadet lineært til terminal over 10 år.","WACC (base) 8,8 %: 8 % + betajustering (beta 1.39)."]},"verdict":{"label":"OVERPRISET IFT. MODELLEN","tone":"bear","body":"Vægtet fair value ligger 43,5 % under kursen. Prisen kræver, at det mest optimistiske scenarie indtræffer."},"nar":{"bull":["ROE på 53,9 % ligger i universets øverste kvartil — høj kapitalforrentning.","Driftsmargin 37,1 % er blandt de bedste i sammenligningsuniverset.","Omsætningsvækst 21,3 % — klart over universets median på 7,6 %.","Nettokontant balance (5,6 mia. EUR) giver strategisk handlefrihed.","Konsensus-kursmål 1995.1095 ligger 39,1 % over kursen (34 analytikere)."],"bear":["Forward P/E på 28.1 er høj relativt til universet.","Kursen er 134,0 % på 12 måneder — forventningerne er løbet langt foran.","Kursen ligger 43,5 % over modellens vægtede fair value."],"risks":["Modellens fair value afhænger af det normaliserede FCF-anker — se antagelserne."],"catalysts":["Næste regnskab: guidance vs. konsensusestimaterne i fakta-arket."],"oneLiner":"ASML Holding N.V.: vægtet fair value 810.85 EUR mod kurs 1434.2 EUR (-43,5 %).","source":"rules"},"engine":"v1"}