Market Pulse59Neutral

ASML Holding N.V.Opportunity Rank #157(ASML) Intrinsic Value & DCF Analysis (2026)

Sector: Technology

Current Price

$1,516.60

Last updated: May 08, 2026

Price vs Intrinsic Value

$1,516.60
Price
$699.61
Intrinsic Value
Overvalued by 54%MOS: $559.69

Fundamental Score

65/100
Bullish

Weighted across 6 signals

Narrative Score

80/100
Strong

No change vs previous

Trend Score

86/100
Strong

As of 2026-05-08

The intrinsic value of ASML Holding N.V. (ASML) is estimated at $699.61 per share based on a 10-year discounted cash flow (DCF) analysis. At the current price of $1,516.60, the stock appears overvalued relative to its projected cash flow fundamentals. This estimate assumes a 7.16% long-term growth rate and a 10.12% discount rate, reflecting expected future free cash flow and cost of capital.

The intrinsic value of ASML Holding N.V. (ASML) is estimated at $699.61 per share based on a 10-year discounted cash flow (DCF) analysis. At the current price of $1,516.60, the stock appears overvalued relative to its projected cash flow fundamentals. This estimate assumes a 7.16% long-term growth rate and a 10.12% discount rate, reflecting expected future free cash flow and cost of capital.

Valuation Details

$699.61
-53.87% downside
20% margin of safety: $559.69
Years: 10Growth Rate: 7.16%
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Capital Efficiency

Average Quarterly ROIC
19.66%
Cost of Capital (estimated)9%
Value StatusCreating Value

The company is earning a higher return on invested capital than it costs to raise that capital — a sign of strong, efficient value creation.

Complete historical ROIC is available with
.

Fundamental Details

65/100
BullishWeighted across 6 signals
DCF Discount
53.9% premium to price
0
FCF Yield
2.6% trailing FCF yield
15
ROIC vs WACC
ROIC 19.7% vs WACC 9.0% (2.2x)
100
Net Debt / FCF
Net cash position
100
Buybacks
Share count shrinking
80
FCF CAGR (5Y)
19.9% 5Y FCF CAGR
100
Strengths: ROIC vs WACC, Net Debt / FCF. Concerns: DCF Discount, FCF Yield.

Narrative Details

80/100
Strong
Vs 6-Month Baseline:Average (58th pct)Weighted across 6 recent drivers
Trend: StableConfidence: 93%Updated: 15h ago
Sources: 202 (200 News · 2 Analyst)
Drivers(last 30 days)
149 news sentiment+3.5
40 regulatory scrutiny+0.9
6 upgrade headlines+0.4
3 earnings beat+0.1
Guidance raise-0.0
Layoffs-0.0

Trend Details

86/100
StrongAs of 2026-05-08311 daily bars used
Distance from 52-Week High0.0%
6M Relative Strength vs SPY+43.7%
Price vs 50 EMA+12.7%
Price vs 21 EMA91 · +9.6%
Price vs 50 EMA92 · +12.7%
21 EMA vs 50 EMA72 · +2.9%
3M RS vs SPY73 · +5.9%
6M RS vs SPY99 · +43.7%
Distance from 52W High100 · 0.0%

Investment Coach

Updating... 1d ago
WATCHConfidence: 45%
Thesis
ASML Holding N.V. is currently trading at a significant premium to its estimated fair value despite strong fundamentals, including a high ROIC well above its cost of capital and constructive free cash flow growth. The company's narrative remains stable but weak, suggesting cautious optimism as the valuation appears stretched.
Key Risk
The key risk is that the stock price may correct sharply to align with the fair value, which is over 50% lower than the current price.
Signals To Watch
  • Price moves to at least a mid-teens discount to fair value
  • ROIC remains consistently above the cost of capital in upcoming quarters
  • Narrative score shows meaningful shifts in trend or confidence
Ask the Coach - Available with
Historical Growth Rates
Free Cash Flow- - -Trend CAGR: 7.16%5 Year CAGR: 1.00%

Free Cash Flow (in millions)

TTM20252024202320222021202020192018201720162015201420132012201120102009200820072006
$15,102$16,039$16,219$8,759$11,193$14,367$6,102$4,676$4,419$2,439$2,451$2,863$1,663$1,484$1,001$2,986$1,251$232$642$934$623

How Intrinziq Estimates Fair Value

Intrinziq estimates ASML Holding N.V.'s intrinsic value using a discounted cash flow (DCF) model based on free cash flow trends and a market-based discount rate. The model projects future cash flows over ten years and discounts them using a market return assumption to estimate fair value.

ASML Holding N.V.Technology

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.