ASML Holding N.V. (ASML) vs KLA Corporation (KLAC)

ASML Holding N.V. and KLA Corporation are both Semiconductor Equipment & Materials companies. ASML Holding N.V. is the larger, with a market value of $638.8B against $227.7B — 2.8× the size. ASML Holding N.V. trades at the lower P/E: 40.4× against 45.0×. ASML Holding N.V. grew revenue faster over the last twelve months: 28.8% against 11.7%. KLA Corporation has the higher net margin (35.6% vs 34.1%) and the lower return on invested capital (48.2% vs 84.9%). Both pay a dividend; ASML Holding N.V. yields more (0.55% vs 0.51%). Across the 23 metrics below, ASML Holding N.V. leads on 17 and KLA Corporation on 6.

Valuation

Metric ASML KLAC Semiconductor Equipment & Materials median
P/E 40.38 45.03 45.03
P/S 13.73 16.01 4.64
P/B 28.34 34.23 3.22
Price to free cash flow 26.25 57.87 48.18
EV/EBITDA 32.88 36.19 33.11
EV/Sales 13.50 16.14 5.52
Earnings yield 2.48% 2.22% 1.41%
Free cash flow yield 3.81% 1.73% 1.67%

Profitability

Metric ASML KLAC Semiconductor Equipment & Materials median
Gross margin 54.35% 61.30% 43.95%
Operating margin 38.55% 41.69% 10.32%
Net margin 34.13% 35.57% 7.45%
Free cash flow margin 52.28% 27.74% 6.77%
Return on equity 0.00% 87.50% 4.78%
Return on assets 25.93% 28.40% 3.62%
Return on invested capital 84.93% 48.24% 6.10%

Growth

Metric ASML KLAC Semiconductor Equipment & Materials median
Revenue growth (TTM) 28.77% 11.71% 14.60%
EPS growth (last fiscal year) 34.25% 20.51% (4.56%)
Revenue growth, 5-year CAGR 18.28% 14.44% 10.11%
Net income growth, 5-year CAGR 21.78% 18.38% 0.00%

Health

Metric ASML KLAC Semiconductor Equipment & Materials median
Debt to equity 0.09 0.93 0.09
Current ratio 1.49 2.88 3.66
Net debt to EBITDA (0.72) 0.16 (0.49)

Dividend

Metric ASML KLAC Semiconductor Equipment & Materials median
Dividend yield 0.55% 0.51% 0.42%
Payout ratio 0.22 0.23 0.19

Size

Metric ASML KLAC Semiconductor Equipment & Materials median
Market cap 638.81b 227.67b 3.80b

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