Despite enduring a 14.2% loss over the past month, ASML Holdings (ASML) – a prominent semiconductor equipment supplier – has witnessed its shares climb by 0.32% to $574.53, surpassing the performance of the S&P 500 index.
ASML, known for its cutting-edge semiconductor technology, has drawn considerable attention from investors due to its relatively high Price/Earnings (P/E) ratio when compared to its near-term earnings growth prospects, as reported by InvestingPro Tips. The company is scheduled to release its earnings per share (EPS) figures on October 18, 2023, with analysts anticipating a year-on-year growth of 18.75%. It is worth noting that ASML’s Forward P/E ratio currently stands at 26.41, exceeding the industry average.
InvestingPro’s real-time data reveals that ASML’s adjusted P/E ratio for the last twelve months up to Q2 2023 is 30.89, slightly surpassing the forward P/E ratio. Furthermore, ASML boasts a Price/Earnings to Growth (PEG) ratio of 1.09, while the same metric for the last twelve months leading up to Q2 2023 registers at 1.39, signaling a robust growth potential.
InvestingPro’s data paints a favorable picture for ASML’s financial performance, with a projected revenue growth of 34.73% for the twelve months leading up to Q2 2023 and a substantial quarterly revenue growth of 27.10% for Q2 2023.
Adding to its appeal, ASML demonstrates a remarkable return on assets, indicating its efficient utilization of assets to generate profits. According to InvestingPro, the Return on Assets for the last twelve months leading up to Q2 2023 stands at an impressive 19.79%.
Looking forward, ASML is poised to undergo significant year-on-year changes in earnings and revenue, with estimated increases of 45.67% and 32.2%, respectively. These projections reflect a prevailing optimism surrounding the company’s future performance, despite the challenges posed by the current market conditions.
ASML’s performance over the last five years also stands out, as highlighted by InvestingPro Tips. This is corroborated by the company’s one-year price total return of 31.36% as of Y2023.D271, as indicated by InvestingPro’s data.
For a deeper analysis and access to 14 additional investment tips related to ASML, please visit the ASML page on InvestingPro.
