2024-04-18 10:21:46 ET
Summary
- ASML is a leading company in the semiconductor industry, but its stock may not be cheap based on recent financials.
- The November 2022 investor day presentation had 2025 projections which management should clarify now that newer numbers are out.
- The departure of CEO Peter Wennink and the performance under his successor, Christophe Fouquet, should be monitored for valuation purposes.
Introduction
Per my July 2023 article , ASML ( ASML ) is a powerhouse. The business remains outstanding but the stock can be another matter. My thesis is that the company is still wonderful, but the stock does not look cheap based on the latest financials from the 1Q24 results and the 2023 annual report ....
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ASML Doesn't Look Cheap