ASML Holding Z Score

ASML
 Stock
  

USD 600.79  4.92  0.81%   

Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Please continue to ASML Holding Piotroski F Score and ASML Holding Valuation analysis.
  
ASML Holding Return on Invested Capital is relatively stable at the moment as compared to the past year. The company's current value of Return on Invested Capital is estimated at 0.58. Market Capitalization is expected to hike to about 350.4 B this year, although the value of Invested Capital will most likely fall to nearly 9.8 B. ASML Holding Net Income is relatively stable at the moment as compared to the past year. The company's current value of Net Income is estimated at 6.35 Billion. Net Income Common Stock is expected to hike to about 6.3 B this year, although the value of Operating Expenses will most likely fall to nearly 2.7 B.

ASML Holding Z Score Analysis

ASML Holding's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
Z Score 
 = 
Sum Of  
 
5 Factors 
More About Z Score | All Equity Analysis

Current ASML Holding Z Score

    
  41.2  
Most of ASML Holding's fundamental indicators, such as Z Score, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, ASML Holding NV is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
First Factor
 = 
1.2 * (
Working Capital
/
Total Assets )
Second Factor
 = 
1.4 * (
Retained Earnings
/
Total Assets )
Thrid Factor
 = 
3.3 * (
EBITAD
/
Total Assets )
Fouth Factor
 = 
0.6 * (
Market Value of Equity
/
Total Liabilities )
Fifth Factor
 = 
0.99 * (
Revenue
/
Total Assets )

ASML Holding Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for ASML Holding is extremely important. It helps to project a fair market value of Ford stock properly, considering its historical fundamentals such as Z Score. Since ASML Holding's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of ASML Holding's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of ASML Holding's interrelated accounts and indicators.
To calculate Z-Score one would need to know current working capital of the company, its total assets, and liabilities, amount of latest retained earnings as well as earnings before interest and tax. Z-Score can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area' with scores of less than 1, indicating the high probability of distress. Z Score is used widely by financial auditors, accountants, money managers, loan processers, wealth advisers, as well as day traders. In the last 25 years, many financial models that utilize z score has been proved to be successful as a predictor of corporate bankruptcy.
Compare to competition

In accordance with the company's disclosures, ASML Holding NV has a Z Score of 41.2. This is 206.32% higher than that of the Semiconductors & Semiconductor Equipment sector and notably higher than that of the Information Technology industry. The z score for all United States stocks is notably lower than that of the firm.

ASML Holding Current Valuation Drivers

We derive many important indicators used in calculating different scores of ASML Holding from analyzing ASML Holding's financial statements. These drivers represent accounts that assess ASML Holding's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of ASML Holding's important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Average Assets17.95 B19.67 B21.29 B25.46 B28.62 B24.48 B
Earnings Before Interest Taxes and Depreciation Amortization EBITDA2.84 B3.39 B3.26 B4.63 B7.42 B8.01 B
Earnings Before Interest Taxes and Depreciation Amortization USD3.41 B3.9 B3.66 B5.65 B8.43 B9.1 B
Earnings before Tax2.37 B2.94 B2.78 B4.11 B6.9 B7.45 B
Average Equity10.65 B11.53 B12.36 B13.56 B12.27 B11.67 B
Enterprise Value75.82 B67.41 B126.36 B205.35 B324.5 B350.12 B
Free Cash Flow1.48 B2.5 B2.51 B3.67 B9.95 B10.73 B
Invested Capital10.08 B10.61 B11.87 B13.61 B10.04 B9.83 B
Invested Capital Average9.4 B10.6 B12.17 B14.73 B12.89 B11.38 B
Market Capitalization74.73 B66.51 B124.62 B204.06 B324.75 B350.38 B
Tangible Asset Value12.48 B14.49 B16.98 B21.59 B24.7 B20.55 B
Working Capital5.72 B6.74 B7.44 B9.33 B5.63 B6.14 B

ASML Holding Institutional Holders

Institutional Holdings refers to the ownership stake in ASML Holding that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of ASML Holding's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing ASML Holding's value.
Security TypeSharesValue
Zweigdimenna Associates LlcCommon Shares39.4 K9.8 M
Zweigdimenna Associates LlcCommon Shares62.3 K13 M
Zweigdimenna Associates LlcCommon Shares29.6 K5.6 M
Zweigdimenna Associates LlcCommon Shares68.3 K11.9 M
Zweigdimenna Associates LlcCommon Shares137.5 K13.8 M
Zurcher Kantonalbank Zurich CantonalbankCommon Shares38.030 K
Zurcher Kantonalbank Zurich CantonalbankCommon Shares36.027 K

ASML Holding Fundamentals

About ASML Holding Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze ASML Holding NV's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ASML Holding using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ASML Holding NV based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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. ASML Holding N.V. was founded in 1984 and is headquartered in Veldhoven, the Netherlands. Asml Holdings is traded on NASDAQ Exchange in the United States.

Be your own money manager

Our tools can tell you how much better you can do entering a position in ASML Holding without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with ASML Holding

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ASML Holding position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ASML Holding will appreciate offsetting losses from the drop in the long position's value.

Moving together with ASML Holding

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The ability to find closely correlated positions to ASML Holding could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ASML Holding when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ASML Holding - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ASML Holding NV to buy it.
The correlation of ASML Holding is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ASML Holding moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ASML Holding NV moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for ASML Holding can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Please continue to ASML Holding Piotroski F Score and ASML Holding Valuation analysis. You can also try Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.

Complementary Tools for analysis

When running ASML Holding NV price analysis, check to measure ASML Holding's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ASML Holding is operating at the current time. Most of ASML Holding's value examination focuses on studying past and present price action to predict the probability of ASML Holding's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move ASML Holding's price. Additionally, you may evaluate how the addition of ASML Holding to your portfolios can decrease your overall portfolio volatility.
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Is ASML Holding's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ASML Holding. If investors know ASML Holding will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ASML Holding listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
0.007
Market Capitalization
244.6 B
Quarterly Revenue Growth YOY
0.1
Return On Assets
0.13
Return On Equity
0.57
The market value of ASML Holding NV is measured differently than its book value, which is the value of ASML Holding that is recorded on the company's balance sheet. Investors also form their own opinion of ASML Holding's value that differs from its market value or its book value, called intrinsic value, which is ASML Holding's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ASML Holding's market value can be influenced by many factors that don't directly affect ASML Holding's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ASML Holding's value and its price as these two are different measures arrived at by different means. Investors typically determine ASML Holding value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ASML Holding's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.