Estimating The Fair Value Of ASML Holding N.V. (AMS:ASML)
May 01
Dutch (AEX) Tech Sector Analysis
UpdatedMay 19, 2024
DataAggregated Company Financials
Companies11
- 7D-0.8%
- 3M-0.2%
- 1Y35.7%
- YTD28.2%
Last week, the Tech industry hasn't moved much but ASM International is up 4.5% in that time. As for the the longer term, the industry is up 36% over the past 12 months. As for the next few years, earnings are expected to grow by 20% per annum.
Sector Valuation and Performance
Has the Dutch Tech Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 19 May 2024 | €379.3b | €30.5b | €7.8b | 47.2x | 48.8x | 12.4x |
| Tue, 16 Apr 2024 | €401.5b | €32.3b | €8.7b | 42.6x | 46x | 12.4x |
| Thu, 14 Mar 2024 | €387.0b | €32.3b | €8.7b | 40.1x | 44.3x | 12x |
| Sat, 10 Feb 2024 | €385.9b | €32.3b | €8.8b | 26.9x | 43.6x | 11.9x |
| Mon, 08 Jan 2024 | €288.2b | €32.2b | €8.6b | 21.8x | 33.4x | 8.9x |
| Wed, 06 Dec 2023 | €288.0b | €32.3b | €8.6b | 21.2x | 33.4x | 8.9x |
| Fri, 03 Nov 2023 | €265.1b | €32.3b | €8.6b | 22.5x | 30.7x | 8.2x |
| Sun, 01 Oct 2023 | €250.1b | €31.4b | €7.9b | 22.6x | 31.8x | 8x |
| Tue, 29 Aug 2023 | €271.6b | €31.4b | €7.9b | 22.9x | 34.6x | 8.7x |
| Thu, 27 Jul 2023 | €273.6b | €31.4b | €7.9b | 24.1x | 34.7x | 8.7x |
| Sat, 24 Jun 2023 | €281.6b | €29.8b | €7.6b | 24.4x | 36.9x | 9.5x |
| Mon, 22 May 2023 | €281.5b | €29.8b | €7.6b | 24.6x | 36.9x | 9.4x |
| Wed, 19 Apr 2023 | €258.4b | €26.4b | €6.1b | 21x | 42x | 9.8x |
| Fri, 17 Mar 2023 | €301.8b | €37.5b | €6.9b | 20x | 43.9x | 8x |
| Sun, 12 Feb 2023 | €310.7b | €37.0b | €6.7b | 20.6x | 46.2x | 8.4x |
| Tue, 10 Jan 2023 | €299.0b | €34.0b | €6.6b | 19.6x | 45x | 8.8x |
| Thu, 08 Dec 2022 | €288.9b | €34.0b | €6.6b | 18.9x | 43.5x | 8.5x |
| Sat, 05 Nov 2022 | €244.8b | €34.0b | €6.6b | 18.8x | 36.9x | 7.2x |
| Mon, 03 Oct 2022 | €232.0b | €33.3b | €7.0b | 18.5x | 33.2x | 7x |
| Wed, 31 Aug 2022 | €265.5b | €33.3b | €7.0b | 19.6x | 38x | 8x |
| Fri, 29 Jul 2022 | €284.7b | €31.8b | €6.9b | 20.2x | 41.2x | 9x |
| Sun, 26 Jun 2022 | €258.6b | €30.2b | €6.5b | 20.3x | 39.6x | 8.6x |
| Tue, 24 May 2022 | €277.1b | €30.2b | €6.5b | 19.6x | 42.4x | 9.2x |
| Thu, 21 Apr 2022 | €315.3b | €30.9b | €7.1b | 23x | 44.3x | 10.2x |
| Sat, 19 Mar 2022 | €329.5b | €30.2b | €7.3b | 21.8x | 45.2x | 10.9x |
| Mon, 14 Feb 2022 | €311.1b | €28.5b | €7.1b | 22.5x | 43.6x | 10.9x |
| Wed, 12 Jan 2022 | €344.6b | €27.8b | €6.7b | 22.3x | 51.4x | 12.4x |
| Fri, 10 Dec 2021 | €389.5b | €27.8b | €6.7b | 22.9x | 58.1x | 14x |
| Sun, 07 Nov 2021 | €417.5b | €26.3b | €6.6b | 22.9x | 63.5x | 15.9x |
| Tue, 05 Oct 2021 | €347.6b | €24.8b | €5.8b | 22.7x | 60.2x | 14x |
| Thu, 02 Sep 2021 | €402.2b | €24.7b | €5.8b | 29x | 69.8x | 16.3x |
| Sat, 31 Jul 2021 | €353.9b | €24.7b | €5.8b | 27.4x | 61.5x | 14.4x |
Price to Earnings Ratio
56.9x
Current Industry PE
- Investors are optimistic on the Dutch Information Technology industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 48.8x which is higher than its 3-year average PE of 44.5x.
- The 3-year average PS ratio of 10.4x is lower than the industry's current PS ratio of 12.4x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have grown 13% per year over the last three years.
- Revenues for these companies have grown 9.5% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Dutch Tech sector?
| NL Market | 1.08% | |
| Tech | -0.78% | |
| Software | 2.21% | |
| IT | 2.14% | |
| Communications | 0% | |
| Tech Hardware | 0% | |
| Semiconductors | -0.79% | |
| Electronic Equipment and Components | -0.93% | |
Industry PE
- Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 40.4x.
- Analysts are expecting annual earnings growth of 20.1%, which is higher than its past year's earnings decline of 13.1% per year.
Forecasted Growth
- Analysts are most optimistic on the Software industry, expecting annual earnings growth of 99% over the next 5 years.
- In contrast, the Electronic Equipment and Components industry is expected to see its earnings grow by 15% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| ASM ASM International | €649.80 | 4.5% +€1.4b | 80.3% | PE58.7x | |
| BESI BE Semiconductor Industries | €135.15 | 1.3% +€138.6m | 45.2% | PE59x | |
| MTRK MotorK | €5.68 | 4.4% +€37.0m | 141.7% | PS6x | |
| TOM2 TomTom | €5.62 | 1.3% +€8.9m | -25.7% | PS1.2x | |
| CMCOM CM.com | €6.90 | 3.0% +€5.8m | -15.4% | PS0.8x |
