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 $522.9B against $253.4B — 2.1× the size. Applied Materials, Inc. trades at the lower P/E: 27.7× against 33.7×. 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 (0.68%). Across the 23 metrics below, ASML Holding N.V. leads on 15 and Applied Materials, Inc. on 8.

Valuation

Metric AMAT ASML Semiconductor Equipment & Materials median
P/E 27.69 33.70 33.70
P/S 8.32 11.46 4.22
P/B 10.01 23.65 2.94
Price to free cash flow 44.60 21.91 31.49
EV/EBITDA 26.26 27.35 22.64
EV/Sales 8.23 11.23 4.97
Earnings yield 3.61% 2.97% 2.02%
Free cash flow yield 2.24% 4.56% 2.27%

Profitability

Metric AMAT ASML Semiconductor Equipment & Materials median
Gross margin 49.40% 54.35% 46.86%
Operating margin 29.64% 38.55% 12.02%
Net margin 30.05% 34.13% 10.16%
Free cash flow margin 18.25% 52.28% 6.73%
Return on equity 41.07% 0.00% 5.31%
Return on assets 23.84% 25.93% 4.10%
Return on invested capital 24.91% 84.93% 6.36%

Growth

Metric AMAT ASML Semiconductor Equipment & Materials median
Revenue growth (TTM) 7.77% 28.77% 15.82%
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 3.56
Net debt to EBITDA (0.23) (0.72) (0.49)

Dividend

Metric AMAT ASML Semiconductor Equipment & Materials median
Dividend yield 0.00% 0.68% 0.59%
Payout ratio 0.00 0.23 0.16

Size

Metric AMAT ASML Semiconductor Equipment & Materials median
Market cap 253.36b 522.88b 3.04b

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