ASML Holding N.V. (ASML) vs Qnity Electronics, Inc. (Q)

ASML Holding N.V. and Qnity Electronics, Inc. are both Semiconductor Equipment & Materials companies. ASML Holding N.V. is the larger, with a market value of $638.8B against $25.0B — 25.5× the size. ASML Holding N.V. trades at the lower P/E: 40.4× against 41.2×. ASML Holding N.V. has the higher net margin (34.1% vs 11.3%) and the higher return on invested capital (84.9% vs 6.10%). Across the 19 metrics below, ASML Holding N.V. leads on 13 and Qnity Electronics, Inc. on 6.

Valuation

Metric ASML Q Semiconductor Equipment & Materials median
P/E 40.38 41.20 45.03
P/S 13.73 4.64 4.64
P/B 28.34 3.20 3.22
Price to free cash flow 26.25 29.09 48.18
EV/EBITDA 32.88 19.18 33.11
EV/Sales 13.50 5.23 5.52
Earnings yield 2.48% 2.43% 1.41%
Free cash flow yield 3.81% 3.44% 1.67%

Profitability

Metric ASML Q Semiconductor Equipment & Materials median
Gross margin 54.35% 46.22% 43.95%
Operating margin 38.55% 19.87% 10.32%
Net margin 34.13% 11.25% 7.45%
Free cash flow margin 52.28% 15.95% 6.77%
Return on equity 0.00% 6.36% 4.78%
Return on assets 25.93% 8.18% 3.62%
Return on invested capital 84.93% 6.10% 6.10%

Growth

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

Health

Metric ASML Q Semiconductor Equipment & Materials median
Debt to equity 0.09 0.53 0.09
Current ratio 1.49 2.01 3.66
Net debt to EBITDA (0.72) 2.31 (0.49)

Dividend

Metric ASML Q Semiconductor Equipment & Materials median
Dividend yield 0.55% — 0.42%
Payout ratio 0.22 — 0.19

Size

Metric ASML Q Semiconductor Equipment & Materials median
Market cap 638.81b 25.02b 3.80b

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