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 $673.5B against $25.6B — 26.3× the size. Qnity Electronics, Inc. trades at the lower P/E: 44.5× against 54.2×. ASML Holding N.V. has the higher net margin (30.1% vs 11.3%) and the higher return on invested capital (48.3% vs 6.10%). Across the 19 metrics below, Qnity Electronics, Inc. leads on 10 and ASML Holding N.V. on 9.

Valuation

Metric ASML Q Semiconductor Equipment & Materials median
P/E 54.21 44.54 54.39
P/S 16.28 5.01 6.08
P/B 30.22 3.46 4.89
Price to free cash flow 60.12 31.44 60.92
EV/EBITDA 42.21 20.55 39.95
EV/Sales 16.17 5.60 6.36
Earnings yield 1.84% 2.25% 1.14%
Free cash flow yield 1.66% 3.18% 1.28%

Profitability

Metric ASML Q Semiconductor Equipment & Materials median
Gross margin 52.76% 46.22% 43.95%
Operating margin 35.44% 19.87% 10.32%
Net margin 30.14% 11.25% 7.45%
Free cash flow margin 27.08% 15.95% 6.77%
Return on equity 0.00% 6.36% 4.78%
Return on assets 22.71% 8.18% 3.62%
Return on invested capital 48.33% 6.10% 6.10%

Growth

Metric ASML Q Semiconductor Equipment & Materials median
Revenue growth (TTM) 17.63% — 14.60%
EPS growth (last fiscal year) 34.25% (4.56%) —
Revenue growth, 5-year CAGR 18.28% — 8.85%
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 1.33 2.01 3.66
Net debt to EBITDA (0.72) 2.31 (0.49)

Dividend

Metric ASML Q Semiconductor Equipment & Materials median
Dividend yield 0.80% — 0.85%
Payout ratio 0.31 — 0.00

Size

Metric ASML Q Semiconductor Equipment & Materials median
Market cap 673.45b 25.60b 4.63b

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