ASML Holding NV (NL:ASML)
:ASML
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ASML Holding NV
(ASML)
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Rating:81Outperform
Price Target:
€1,377.00
▲(23.63% Upside)
Action:ReiteratedDate:01/30/26
Score is driven primarily by very strong financial performance (high margins, profitability, and improving free cash flow) and supportive technical momentum (price above key moving averages with positive MACD). This is tempered by an expensive valuation (high P/E and low dividend yield) and some cyclicality in growth and cash conversion.
Positive Factors
EUV Technology Leadership
ASML's dominance in EUV lithography creates a durable moat: its machines are essential for leading-edge nodes. This critical technology embeds ASML deeply into customers' roadmaps, supporting long-term multi-year demand, recurring service revenue and sustained R&D investment to protect leadership.
Negative Factors
Demand and Cash-Flow Cyclicality
ASML's revenue and free cash flow have shown meaningful volatility across recent years. Because system orders and revenue recognition are timing-sensitive, semiconductor capex cycles can produce pronounced swings in sales and FCF, complicating medium-term forecasting and capital allocation.
Read all positive and negative factors
Positive Factors
Negative Factors
EUV Technology Leadership
ASML's dominance in EUV lithography creates a durable moat: its machines are essential for leading-edge nodes. This critical technology embeds ASML deeply into customers' roadmaps, supporting long-term multi-year demand, recurring service revenue and sustained R&D investment to protect leadership.
Read all positive factors
ASML Holding NV (ASML) vs. iShares MSCI Netherlands ETF (EWN)
Market Cap
€463.19B
Dividend Yield0.73%
Average Volume (3M)779.56K
Price to Earnings (P/E)37.3
Beta (1Y)2.12
Revenue Growth22.77%
EPS Growth37.62%
CountryNL
Employees43,129
SectorGeneral
Sector StrengthN/A
IndustrySemiconductors
Share Statistics
EPS (TTM)7.35
Shares Outstanding388,147,670
10 Day Avg. Volume839,276
30 Day Avg. Volume779,560
Financial Highlights & Ratios
PEG Ratio1.31
Price to Book (P/B)18.25
Price to Sales (P/S)10.96
P/FCF Ratio32.29
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€1,425.09Price Target Upside27.95% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering19
EPS Forecast (FY)29.76
Revenue Forecast (FY)€37.59B
ASML Holding NV Business Overview & Revenue Model
Company Description
ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems consisting of lithography, metrology, and inspection related systems for memory and logic chipmakers. The company provides extreme ultravio...
How the Company Makes Money
ASML primarily generates revenue through the sale of its photolithography equipment, particularly its EUV and deep ultraviolet (DUV) lithography systems. The company’s revenue model is built on both product sales and service agreements, which incl...
ASML Holding NV Financial Statement Overview
Summary
Income Statement
92
Very Positive
Balance Sheet
84
Very Positive
Cash Flow
87
Very Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 32.67B | 28.26B | 27.56B | 21.17B | 18.61B |
| Gross Profit | 17.26B | 14.08B | 13.84B | 10.47B | 9.65B |
| EBITDA | 12.43B | 10.18B | 10.02B | 7.16B | 7.21B |
| Net Income | 9.61B | 7.57B | 7.84B | 5.62B | 5.88B |
Balance Sheet | |||||
| Total Assets | 50.57B | 48.59B | 39.96B | 36.30B | 30.23B |
| Cash, Cash Equivalents and Short-Term Investments | 13.32B | 12.74B | 7.01B | 7.38B | 7.59B |
| Total Debt | 2.71B | 4.69B | 4.63B | 4.26B | 4.58B |
| Total Liabilities | 30.95B | 30.11B | 26.51B | 27.49B | 20.09B |
| Stockholders Equity | 19.61B | 18.48B | 13.45B | 8.81B | 10.14B |
Cash Flow | |||||
| Free Cash Flow | 11.08B | 9.08B | 3.25B | 7.22B | 9.91B |
| Operating Cash Flow | 12.66B | 11.17B | 5.44B | 8.49B | 10.85B |
| Investing Cash Flow | -3.78B | -2.61B | -2.69B | -1.03B | -72.00M |
| Financing Cash Flow | -8.67B | -2.83B | -3.00B | -7.14B | -9.89B |
ASML Holding NV Technical Analysis
Negative
1113.80
Price Trends
1190.82
Negative
1079.30
Positive
906.12
Positive
Market Momentum
-12.42
Positive
42.28
Neutral
46.91
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NL:ASML, the sentiment is Negative. The current price of 1113.8 is below the 20-day moving average (MA) of 1168.99, below the 50-day MA of 1190.82, and above the 200-day MA of 906.12, indicating a neutral trend. The MACD of -12.42 indicates Positive momentum. The RSI at 42.28 is Neutral, neither overbought nor oversold. The STOCH value of 46.91 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NL:ASML.
ASML Holding NV Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | €463.19B | 37.25 | 52.14% | 0.73% | 22.77% | 37.62% | |
78 Outperform | €35.59B | 35.05 | 19.21% | 0.58% | 19.12% | 42.78% | |
70 Outperform | €16.71B | 61.66 | 35.84% | 1.65% | -5.75% | -17.63% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
NL:ASML
ASML Holding NV
1,212.60
663.19
120.71%
NL:ASM
ASM International NV
731.40
378.63
107.33%
NL:BESI
BE Semiconductor
207.00
129.19
166.04%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.