Applied Materials, Inc. (AMAT) vs ASML Holding N.V. (ASML)

Applied Materials, Inc. and ASML Holding N.V. are both Semiconductor Equipment & Materials companies. ASML Holding N.V. is the larger, with a market value of $638.8B against $341.3B — 1.9× the size. Applied Materials, Inc. trades at the lower P/E: 35.1× against 40.4×. ASML Holding N.V. grew revenue faster over the last twelve months: 28.8% against 7.77%. ASML Holding N.V. has the higher net margin (34.1% vs 30.1%) and the higher return on invested capital (84.9% vs 24.9%). Only ASML Holding N.V. pays a dividend (0.55%). Across the 23 metrics below, ASML Holding N.V. leads on 16 and Applied Materials, Inc. on 7.

Valuation

Metric AMAT ASML Semiconductor Equipment & Materials median
P/E 35.07 40.38 45.03
P/S 10.54 13.73 4.64
P/B 12.68 28.34 3.22
Price to free cash flow 56.50 26.25 48.18
EV/EBITDA 33.34 32.88 33.11
EV/Sales 10.45 13.50 5.52
Earnings yield 2.85% 2.48% 1.41%
Free cash flow yield 1.77% 3.81% 1.67%

Profitability

Metric AMAT ASML Semiconductor Equipment & Materials median
Gross margin 49.40% 54.35% 43.95%
Operating margin 29.64% 38.55% 10.32%
Net margin 30.05% 34.13% 7.45%
Free cash flow margin 18.25% 52.28% 6.77%
Return on equity 41.07% 0.00% 4.78%
Return on assets 23.84% 25.93% 3.62%
Return on invested capital 24.91% 84.93% 6.10%

Growth

Metric AMAT ASML Semiconductor Equipment & Materials median
Revenue growth (TTM) 7.77% 28.77% 14.60%
EPS growth (last fiscal year) 0.58% 34.25% (4.56%)
Revenue growth, 5-year CAGR 10.52% 18.28% 10.11%
Net income growth, 5-year CAGR 14.10% 21.78% 0.00%

Health

Metric AMAT ASML Semiconductor Equipment & Materials median
Debt to equity 0.26 0.09 0.09
Current ratio 2.42 1.49 3.66
Net debt to EBITDA (0.23) (0.72) (0.49)

Dividend

Metric AMAT ASML Semiconductor Equipment & Materials median
Dividend yield 0.00% 0.55% 0.42%
Payout ratio 0.00 0.22 0.19

Size

Metric AMAT ASML Semiconductor Equipment & Materials median
Market cap 341.25b 638.81b 3.80b

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