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 $695.2B against $14.1B — 49.2× the size. ASML Holding N.V. trades at the lower P/E: 55.1× against 107×. ASML Holding N.V. grew revenue faster over the last twelve months: 17.6% against 8.08%. ASML Holding N.V. has the higher net margin (30.1% vs 11.8%) and the higher return on invested capital (48.3% vs 5.56%). Across the 22 metrics below, ASML Holding N.V. leads on 13 and Onto Innovation Inc. on 9.

Valuation

Metric ASML ONTO Semiconductor Equipment & Materials median
P/E 55.06 107.34 54.59
P/S 16.54 12.74 5.96
P/B 30.70 7.42 4.87
Price to free cash flow 61.07 56.51 59.67
EV/EBITDA 42.88 64.14 39.71
EV/Sales 16.43 12.37 6.10
Earnings yield 1.82% 0.93% 1.13%
Free cash flow yield 1.64% 1.77% 1.34%

Profitability

Metric ASML ONTO Semiconductor Equipment & Materials median
Gross margin 52.76% 50.36% 43.95%
Operating margin 35.44% 12.02% 10.32%
Net margin 30.14% 11.84% 7.45%
Free cash flow margin 27.08% 22.54% 6.77%
Return on equity 0.00% 6.82% 4.78%
Return on assets 22.71% 4.54% 3.62%
Return on invested capital 48.33% 5.56% 6.10%

Growth

Metric ASML ONTO Semiconductor Equipment & Materials median
Revenue growth (TTM) 17.63% 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 1.33 9.73 3.66
Net debt to EBITDA (0.72) (3.39) (0.49)

Dividend

Metric ASML ONTO Semiconductor Equipment & Materials median
Dividend yield 0.51% — 0.35%
Payout ratio 0.28 0.00 0.00

Size

Metric ASML ONTO Semiconductor Equipment & Materials median
Market cap 695.21b 14.13b 4.62b

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