ASML Holding N.V. (ASML) vs Onto Innovation Inc. (ONTO)

ASML Holding N.V. and Onto Innovation Inc. are both Semiconductor Equipment & Materials companies. ASML Holding N.V. is the larger, with a market value of $634.8B against $11.1B — 57.2× the size. ASML Holding N.V. trades at the lower P/E: 40.6× against 84.4×. ASML Holding N.V. grew revenue faster over the last twelve months: 28.8% against 8.08%. ASML Holding N.V. has the higher net margin (34.1% vs 11.8%) and the higher return on invested capital (84.9% vs 5.56%). Across the 22 metrics below, ASML Holding N.V. leads on 15 and Onto Innovation Inc. on 7.

Valuation

Metric ASML ONTO Semiconductor Equipment & Materials median
P/E 40.60 84.43 45.99
P/S 13.80 10.02 4.89
P/B 28.50 5.84 3.32
Price to free cash flow 26.40 44.45 50.36
EV/EBITDA 33.06 50.05 33.37
EV/Sales 13.57 9.65 5.66
Earnings yield 2.46% 1.18% 1.34%
Free cash flow yield 3.79% 2.25% 1.58%

Profitability

Metric ASML ONTO Semiconductor Equipment & Materials median
Gross margin 54.35% 50.36% 43.95%
Operating margin 38.55% 12.02% 10.32%
Net margin 34.13% 11.84% 7.45%
Free cash flow margin 52.28% 22.54% 6.77%
Return on equity 0.00% 6.82% 4.78%
Return on assets 25.93% 4.54% 3.62%
Return on invested capital 84.93% 5.56% 6.10%

Growth

Metric ASML ONTO Semiconductor Equipment & Materials median
Revenue growth (TTM) 28.77% 8.08% 14.60%
EPS growth (last fiscal year) 34.25% (31.53%) (4.56%)
Revenue growth, 5-year CAGR 18.28% 12.55% 10.11%
Net income growth, 5-year CAGR 21.78% 34.54% 0.00%

Health

Metric ASML ONTO Semiconductor Equipment & Materials median
Debt to equity 0.09 0.77 0.09
Current ratio 1.49 9.73 3.66
Net debt to EBITDA (0.72) (3.39) (0.49)

Dividend

Metric ASML ONTO Semiconductor Equipment & Materials median
Dividend yield 0.55% — 0.41%
Payout ratio 0.22 — 0.19

Size

Metric ASML ONTO Semiconductor Equipment & Materials median
Market cap 634.83b 11.10b 3.37b

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