ASML Holding N.V. (ASML) vs Teradyne, Inc. (TER)

ASML Holding N.V. and Teradyne, Inc. are both Semiconductor Equipment & Materials companies. ASML Holding N.V. is the larger, with a market value of $673.5B against $62.4B — 10.8× the size. ASML Holding N.V. trades at the lower P/E: 54.2× against 54.3×. Teradyne, Inc. grew revenue faster over the last twelve months: 57.9% against 17.6%. ASML Holding N.V. has the higher net margin (30.1% vs 25.8%) and the higher return on invested capital (48.3% vs 27.0%). Both pay a dividend; ASML Holding N.V. yields more (0.80% vs 0.47%). Across the 22 metrics below, ASML Holding N.V. leads on 12 and Teradyne, Inc. on 10.

Valuation

Metric ASML TER Semiconductor Equipment & Materials median
P/E 54.21 54.35 54.39
P/S 16.28 13.96 6.08
P/B 30.22 17.95 4.89
Price to free cash flow 60.12 77.92 60.92
EV/EBITDA 42.21 42.01 39.95
EV/Sales 16.17 13.94 6.36
Earnings yield 1.84% 1.84% 1.14%
Free cash flow yield 1.66% 1.28% 1.28%

Profitability

Metric ASML TER Semiconductor Equipment & Materials median
Gross margin 52.76% 59.24% 43.95%
Operating margin 35.44% 30.23% 10.32%
Net margin 30.14% 25.77% 7.45%
Free cash flow margin 27.08% 17.92% 6.77%
Return on equity 0.00% 36.45% 4.78%
Return on assets 22.71% 26.48% 3.62%
Return on invested capital 48.33% 27.04% 6.10%

Growth

Metric ASML TER Semiconductor Equipment & Materials median
Revenue growth (TTM) 17.63% 57.87% 14.60%
EPS growth (last fiscal year) 34.25% 4.52% —
Revenue growth, 5-year CAGR 18.28% 0.44% 8.85%
Net income growth, 5-year CAGR 21.78% (6.71%) 0.00%

Health

Metric ASML TER Semiconductor Equipment & Materials median
Debt to equity 0.09 0.00 0.09
Current ratio 1.33 2.12 3.66
Net debt to EBITDA (0.72) (0.16) (0.49)

Dividend

Metric ASML TER Semiconductor Equipment & Materials median
Dividend yield 0.80% 0.47% 0.85%
Payout ratio 0.31 0.13 0.00

Size

Metric ASML TER Semiconductor Equipment & Materials median
Market cap 673.45b 62.38b 4.63b

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