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ASML Holding NV (BKK:ASML01) Cyclically Adjusted Price-to-FCF : 98.33 (As of May. 24, 2024)


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What is ASML Holding NV Cyclically Adjusted Price-to-FCF?

As of today (2024-05-24), ASML Holding NV's current share price is ฿29.50. ASML Holding NV's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ฿0.30. ASML Holding NV's Cyclically Adjusted Price-to-FCF for today is 98.33.

The historical rank and industry rank for ASML Holding NV's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

BKK:ASML01' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 34.64   Med: 65.08   Max: 172.35
Current: 95.63

During the past years, ASML Holding NV's highest Cyclically Adjusted Price-to-FCF was 172.35. The lowest was 34.64. And the median was 65.08.

BKK:ASML01's Cyclically Adjusted Price-to-FCF is ranked worse than
79.33% of 329 companies
in the Semiconductors industry
Industry Median: 40.61 vs BKK:ASML01: 95.63

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

ASML Holding NV's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ฿-67.066. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is ฿0.30 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


ASML Holding NV Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for ASML Holding NV's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

ASML Holding NV Cyclically Adjusted Price-to-FCF Chart

ASML Holding NV Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 72.17 94.58 112.76 59.02 73.96

ASML Holding NV Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 72.73 77.96 64.00 73.96 97.36

Competitive Comparison of ASML Holding NV's Cyclically Adjusted Price-to-FCF

For the Semiconductor Equipment & Materials subindustry, ASML Holding NV's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


ASML Holding NV's Cyclically Adjusted Price-to-FCF Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, ASML Holding NV's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where ASML Holding NV's Cyclically Adjusted Price-to-FCF falls into.



ASML Holding NV Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

ASML Holding NV's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=29.50/0.3
=98.33

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

ASML Holding NV's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, ASML Holding NV's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-67.066/128.5800*128.5800
=-67.066

Current CPI (Mar. 2024) = 128.5800.

ASML Holding NV Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 12.466 99.240 16.152
201409 12.287 99.960 15.805
201412 26.202 99.050 34.014
201503 20.318 99.750 26.190
201506 17.849 100.230 22.898
201509 31.161 100.500 39.867
201512 78.929 99.730 101.762
201603 -5.903 100.310 -7.567
201606 35.389 100.260 45.385
201609 -6.551 100.570 -8.376
201612 96.417 100.710 123.099
201703 -18.309 101.440 -23.208
201706 41.423 101.370 52.542
201709 27.630 102.030 34.820
201712 80.887 101.970 101.995
201803 4.475 102.470 5.615
201806 54.948 103.100 68.528
201809 31.454 103.950 38.907
201812 126.661 103.970 156.642
201903 -60.642 105.370 -74.000
201906 -3.374 105.840 -4.099
201909 -10.183 106.700 -12.271
201912 260.781 106.800 313.963
202003 -96.242 106.850 -115.815
202006 11.726 107.510 14.024
202009 -2.689 107.880 -3.205
202012 381.800 107.850 455.186
202103 -100.424 108.870 -118.605
202106 305.407 109.670 358.067
202109 152.172 110.790 176.607
202112 573.625 114.010 646.932
202203 -76.389 119.460 -82.221
202206 214.453 119.050 231.620
202209 74.509 126.890 75.501
202212 458.585 124.940 471.945
202303 18.151 124.720 18.713
202306 -15.331 125.830 -15.666
202309 60.117 127.160 60.788
202312 250.965 126.450 255.192
202403 -67.066 128.580 -67.066

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


ASML Holding NV  (BKK:ASML01) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


ASML Holding NV Cyclically Adjusted Price-to-FCF Related Terms

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ASML Holding NV (BKK:ASML01) Business Description

Industry
Address
De Run 6501, Veldhoven, NB, NLD, 5504 DR
ASML is the leader in photolithography systems used in the manufacturing of semiconductors. Photolithography is the process in which a light source is used to expose circuit patterns from a photo mask onto a semiconductor wafer. The latest technological advances in this segment allow chipmakers to continually increase the number of transistors on the same area of silicon, with lithography historically representing a high portion of the cost of making cutting-edge chips. ASML outsources the manufacturing of most of its parts, acting like an assembler. ASML's main clients are TSMC, Samsung, and Intel.

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