ASML Holding N.V. (ASML) vs Nova Ltd. (NVMI)

ASML Holding N.V. and Nova Ltd. are both Semiconductor Equipment & Materials companies. ASML Holding N.V. is the larger, with a market value of $522.9B against $8.9B — 58.6× the size. Nova Ltd. trades at the lower P/E: 32.4× against 33.7×. ASML Holding N.V. grew revenue faster over the last twelve months: 28.8% against 16.2%. ASML Holding N.V. has the higher net margin (34.1% vs 28.8%) and the higher return on invested capital (84.9% vs 14.4%). Across the 21 metrics below, Nova Ltd. leads on 11 and ASML Holding N.V. on 10.

Valuation

Metric ASML NVMI Semiconductor Equipment & Materials median
P/E 33.70 32.44 33.70
P/S 11.46 9.55 4.22
P/B 23.65 6.79 2.94
Price to free cash flow 21.91 47.19 31.49
EV/EBITDA 27.35 32.05 22.64
EV/Sales 11.23 10.03 4.97
Earnings yield 2.97% 3.08% 2.02%
Free cash flow yield 4.56% 2.12% 2.27%

Profitability

Metric ASML NVMI Semiconductor Equipment & Materials median
Gross margin 54.35% 57.12% 46.86%
Operating margin 38.55% 28.97% 12.02%
Net margin 34.13% 28.84% 10.16%
Free cash flow margin 52.28% 20.24% 6.73%
Return on equity 0.00% 0.00% 5.31%
Return on assets 25.93% 13.44% 4.10%
Return on invested capital 84.93% 14.41% 6.36%

Growth

Metric ASML NVMI Semiconductor Equipment & Materials median
Revenue growth (TTM) 28.77% 16.16% 15.82%
EPS growth (last fiscal year) 34.25% 38.43% (4.56%)
Revenue growth, 5-year CAGR 18.28% 26.73% 10.11%
Net income growth, 5-year CAGR 21.78% 40.17% 0.00%

Health

Metric ASML NVMI Semiconductor Equipment & Materials median
Debt to equity 0.09 0.50 0.09
Current ratio 1.49 1.55 3.56
Net debt to EBITDA (0.72) (1.16) (0.49)

Dividend

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

Size

Metric ASML NVMI Semiconductor Equipment & Materials median
Market cap 522.88b 8.92b 3.04b

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