# ASML CDR (CAD Hedged) (ASML.TO) fundamentals

Data as of 2026-11-04. TSX, Canada. Sector: Technology / Semiconductors & Chip Equipment. Price C$44.92, market value C$786.6 billion.

## Valuation
- **P/E (trailing): 38.7×** (5-yr avg 54.4×, 3-yr avg 54.4×). ASML CDR (CAD Hedged) trades at 38.7× trailing earnings, well below its own five-year average of 54.4×: cheap by its own standards. The Technology median in the September 2026 study was 32.1×.
- **Price / sales: 19.9×**. Each dollar of revenue is priced at 19.9×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 27.5×**. The shares trade at 27.5× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **EV / EBITDA: 47.9×**. Enterprise value is 47.9× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Free-cash-flow yield: 2.7%** (5-yr avg 2.1%). Free cash flow equals 2.7% of the market value, above its five-year average of 2.1%, so the shares are cheaper on cash than they have usually been.
- **Earnings yield: 2.6%**. The inverse of the P/E: 2.6% of the price is earned each year.

## Profitability
- **Gross margin: 54.3%**. ASML CDR (CAD Hedged) keeps 54.3% of revenue after the direct cost of what it sells.
- **Operating margin: 38.6%**. 38.6% of revenue is left after running the business, an exceptional level.
- **Net margin: 29.4%**. 29.4% of each dollar of sales reaches the bottom line.
- **Return on equity: 49.0%**. 49.0% on shareholders' equity is excellent if it is not driven by leverage; sustained above 20% usually signals a competitive advantage.
- **Return on invested capital: 118.2%**. Return on all capital, debt included, is 118.2%: comfortably above what that capital costs.
- **Return on assets: 26.6%**. Each dollar of assets produces 26.6% of profit.

## Growth
- **Revenue growth (1 yr): 15.6%** (3-yr 15.6%/yr). Revenue grew 15.6% over the last year.
- **EPS growth (1 yr): 28.4%** (3-yr 15.4%/yr). Earnings per share rose 28.4%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): 15.4%/yr**. Free cash flow has compounded at 15.4% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 0.22**. Debt is 0.22 times equity: a conservative balance sheet.
- **Net debt / EBITDA: net cash**. ASML CDR (CAD Hedged) holds more cash than debt.
- **Current ratio: 1.26** (quick 0.79). Current assets cover the next year's liabilities 1.26 times.
- **Altman Z-score: 17.57**. A Z-score of 17.57 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 8/9**. 8 of 9 fundamental checks pass: strong and improving financials.

## Dividends
- **Dividend: none**. ASML CDR (CAD Hedged) does not currently pay a dividend, but it returned 1.0% of its market value through buybacks over the last year.

## Price and momentum
- **Total return (1 yr): 52.3%** (YTD 54.3%, 3-mo -0.9%). The shares are up 52.3% over twelve months including dividends.
- **From 52-week high: -21.0%** (67.7% above the low). Trading 21% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 40**. An RSI of 40 is neutral.
- **Beta (1 yr): 1.40** (volatility 47%). Beta of 1.40 against the S&P/TSX Composite: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=ASML.TO · Page: https://foliofundamentals.com/stocks/asml.to

Not investment advice.