ASML’s Shares Rise, Outpacing S&P 500 Despite Recent Losses

Shares of ASML, a leading supplier of semiconductor equipment, recently increased by 0.32% to $574.53, outperforming the S&P 500 index, even though the stock has experienced a 14.2% decline over the past month.

Currently, ASML is trading at a high price-to-earnings (P/E) ratio when compared to its near-term earnings growth. The company is expected to announce earnings per share (EPS) of $5.13 on October 18, 2023, reflecting an 18.75% increase year-on-year. ASML’s forward P/E ratio is 26.41, which is above the industry average.

Real-time metrics indicate that ASML’s adjusted P/E ratio for the last twelve months through Q2 2023 is 30.89, which is slightly higher than its forward P/E ratio. The company’s price/earnings to growth (PEG) ratio currently stands at 1.09, while the PEG ratio for the previous twelve months is 1.39, suggesting strong growth potential.

Forecasts show promising results for ASML, with an anticipated revenue growth of 34.73% over the last twelve months ending Q2 2023, alongside a quarterly revenue increase of 27.10% for Q2 2023.

ASML also demonstrates a high return on assets, indicating effective utilization of its resources to generate profits. The return on assets for the year leading up to Q2 2023 was reported at 19.79%.

Looking ahead, ASML is expected to see significant year-on-year growth in both earnings and revenue, with estimations of increases of 45.67% and 32.2%, respectively. These projections convey optimism regarding the company’s future performance in a challenging market landscape.

In addition to these strong indicators, ASML has also achieved notable returns over the last five years, evidenced by a total price return of 31.36% as of 2023.

This article has been generated with AI assistance and reviewed by an editor.