Semiconductors · NASDAQ
当前价格
$1302.47
内在价值
使用下方计算器估算
对 ASML Holding N.V. 运行完整的 DCF 分析，自动填充基本面数据，可调节假设参数，含敏感性热力图。
ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems for chipmakers. It offers advanced semiconductor equipment systems, including lithography, metrology, and inspection systems. The company also provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture various range of semiconductor nodes and technologies. In addition, it offers metrology and inspection systems, including YieldStar optical metrology systems to assess the quality of patterns on the wafers; and HMI electron beam solutions to locate and analyze individual chip defects. Further, the company provides computational lithography solutions, and lithography systems and control software solutions; and refurbishes and upgrades lithography systems, as well as offers customer support and related services. It operates in Japan, South Korea, Singapore, Taiwan, China, rest of Asia, the Netherlands, rest of Europe, the Middle East, Africa, and the United States. The company was formerly known as ASM Lithography Holding N.V. and changed its name to ASML Holding N.V. in 2001. ASML Holding N.V. was founded in 1984 and is headquartered in Veldhoven, the Netherlands.
ROIC (TTM)
35.5%
ROE (TTM)
52.1%
FCF Yield
2.49%
基于过去 12 个月的数据，ASML 每股自由现金流为 N/A，投入资本回报率（ROIC）为 35.5%，这些是使用 DCF 方法进行股票估值的关键输入。P/FCF 比率为 N/A，FCF 收益率为 2.49%，是评估 ASML 相对估值的重要参考指标。
ASML 的内在价值取决于未来增长率、折现率（WACC）和终值假设。DCF 模型将预期自由现金流折现回现值——WACC 的小幅变化可能导致估算偏移 20% 以上，因此敏感性分析至关重要。
ASML 是否被低估取决于 DCF 内在价值与当前市价 $1302.47 的比较。正的安全边际（内在价值高于市价）暗示潜在低估，但置信度取决于增长率和折现率假设的可靠性。
对 ASML Holding N.V. 进行 DCF 估值的步骤：(1) 以过去 12 个月每股自由现金流为基础，(2) 根据Semiconductors行业趋势和公司基本面预测未来 5-10 年的 FCF 增长，(3) 选择反映 ASML 风险的折现率（WACC），(4) 加上预测期之后的终值。
DCF（折现现金流）根据公司未来的现金产生能力估算其当前价值。对于 ASML Holding N.V.，这意味着预测Semiconductors在未来 5-10 年能产生多少自由现金流，再折现到今天的价值。ASML 的 ROIC 为 35.5%，表明资本效率较高，支持在 DCF 模型中使用较高的增长假设。
WACC（加权平均资本成本）是 DCF 模型中的折现率——反映投资者要求的最低回报。对于 ASML，资本结构和股权风险溢价决定了 WACC。WACC 每提高 1%，内在价值通常下降 10-15%。
