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ASML Holding NV (WAR:ASML) Cyclically Adjusted FCF per Share : zł50.16 (As of Mar. 2025)


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What is ASML Holding NV Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

ASML Holding NV's adjusted free cash flow per share for the three months ended in Mar. 2025 was zł-4.732. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is zł50.16 for the trailing ten years ended in Mar. 2025.

During the past 12 months, ASML Holding NV's average Cyclically Adjusted FCF Growth Rate was 26.90% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 23.00% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 27.50% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 22.20% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of ASML Holding NV was 33.20% per year. The lowest was -7.80% per year. And the median was 14.90% per year.

As of today (2025-07-10), ASML Holding NV's current stock price is zł2856.00. ASML Holding NV's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was zł50.16. ASML Holding NV's Cyclically Adjusted Price-to-FCF of today is 56.94.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of ASML Holding NV was 169.59. The lowest was 36.24. And the median was 69.19.


ASML Holding NV Cyclically Adjusted FCF per Share Historical Data

The historical data trend for ASML Holding NV's Cyclically Adjusted FCF per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

ASML Holding NV Cyclically Adjusted FCF per Share Chart

ASML Holding NV Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 40.54 51.19

ASML Holding NV Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted FCF per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 40.19 35.93 41.03 51.19 50.16

Competitive Comparison of ASML Holding NV's Cyclically Adjusted FCF per Share

For the Semiconductor Equipment & Materials subindustry, ASML Holding NV's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


ASML Holding NV's Cyclically Adjusted Price-to-FCF Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, ASML Holding NV's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where ASML Holding NV's Cyclically Adjusted Price-to-FCF falls into.


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ASML Holding NV Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, ASML Holding NV's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=-4.732/133.3300*133.3300
=-4.732

Current CPI (Mar. 2025) = 133.3300.

ASML Holding NV Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 1.914 100.230 2.546
201509 3.129 100.500 4.151
201512 7.930 99.730 10.602
201603 -0.606 100.310 -0.805
201606 3.629 100.260 4.826
201609 -0.682 100.570 -0.904
201612 9.745 100.710 12.901
201703 -1.898 101.440 -2.495
201706 4.407 101.370 5.796
201709 3.015 102.030 3.940
201712 8.968 101.970 11.726
201803 0.518 102.470 0.674
201806 6.116 103.100 7.909
201809 3.491 103.950 4.478
201812 14.004 103.970 17.959
201903 -6.910 105.370 -8.744
201906 -0.392 105.840 -0.494
201909 -1.205 106.700 -1.506
201912 31.230 106.800 38.988
202003 -8.074 106.850 -10.075
202006 1.362 107.510 1.689
202009 -0.310 107.880 -0.383
202012 45.898 107.850 56.742
202103 -11.793 108.870 -14.443
202106 35.124 109.670 42.702
202109 16.625 110.790 20.007
202112 61.808 114.010 72.282
202203 -8.309 119.460 -9.274
202206 22.205 119.050 24.868
202209 7.269 126.890 7.638
202212 47.696 124.940 50.899
202303 1.904 124.720 2.035
202306 -1.588 125.830 -1.683
202309 6.058 127.160 6.352
202312 25.943 126.450 27.355
202403 -6.746 128.580 -6.995
202406 3.812 129.910 3.912
202409 5.446 131.610 5.517
202412 85.037 131.630 86.135
202503 -4.732 133.330 -4.732

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


ASML Holding NV  (WAR:ASML) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

ASML Holding NV's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=2856.00/50.16
=56.94

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of ASML Holding NV was 169.59. The lowest was 36.24. And the median was 69.19.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


ASML Holding NV Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of ASML Holding NV's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


ASML Holding NV Business Description

Industry
Address
De Run 6501, Veldhoven, NB, NLD, 5504 DR
ASML is the leader in photolithography systems used in manufacturing semiconductors. Photolithography is the process in which a light source is used to expose circuit patterns from a photo mask onto a semiconductor wafer. The latest technological advances in this segment allow chipmakers to continually increase the number of transistors on the same area of silicon, with lithography historically representing a high portion of the cost of making cutting-edge chips. ASML outsources the manufacturing of most of its parts, acting like an assembler. ASML's main clients are TSMC, Samsung, and Intel.