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 $522.9B against $33.2B — 15.7× the size. Teradyne, Inc. trades at the lower P/E: 24.8× against 33.7×. Teradyne, Inc. grew revenue faster over the last twelve months: 74.9% against 28.8%. ASML Holding N.V. has the higher net margin (34.1% vs 27.5%) and the higher return on invested capital (84.9% vs 31.2%). Both pay a dividend; ASML Holding N.V. yields more (0.68% vs 0.23%). Across the 23 metrics below, Teradyne, Inc. leads on 12 and ASML Holding N.V. on 11.

Valuation

Metric ASML TER Semiconductor Equipment & Materials median
P/E 33.70 24.76 33.70
P/S 11.46 6.79 4.22
P/B 23.65 9.20 2.94
Price to free cash flow 21.91 33.11 31.49
EV/EBITDA 27.35 19.32 22.64
EV/Sales 11.23 6.74 4.97
Earnings yield 2.97% 4.04% 2.02%
Free cash flow yield 4.56% 3.02% 2.27%

Profitability

Metric ASML TER Semiconductor Equipment & Materials median
Gross margin 54.35% 59.32% 46.86%
Operating margin 38.55% 32.11% 12.02%
Net margin 34.13% 27.46% 10.16%
Free cash flow margin 52.28% 20.49% 6.73%
Return on equity 0.00% 42.87% 5.31%
Return on assets 25.93% 29.17% 4.10%
Return on invested capital 84.93% 31.16% 6.36%

Growth

Metric ASML TER Semiconductor Equipment & Materials median
Revenue growth (TTM) 28.77% 74.88% 15.82%
EPS growth (last fiscal year) 34.25% 4.52% (4.56%)
Revenue growth, 5-year CAGR 18.28% 0.44% 10.11%
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 1.49 2.08 3.56
Net debt to EBITDA (0.72) (0.16) (0.49)

Dividend

Metric ASML TER Semiconductor Equipment & Materials median
Dividend yield 0.68% 0.23% 0.59%
Payout ratio 0.23 0.06 0.16

Size

Metric ASML TER Semiconductor Equipment & Materials median
Market cap 522.88b 33.21b 3.04b

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack