ASML Holding N.V.

AI-generated fair value estimate for this company.

Method: 10-year unlevered FCF DCF (EUR converted to USD at 1.14 EUR/USD): $11.52B normalized FCF base (TTM, roughly averaging FY2024 and FY2025 levels); 12% annual FCF growth years 1-5; 6% growth years 6-10; 9% discount rate; 3% terminal growth; $6.38B net cash; 384.10 million shares outstanding.

Reasoning: ASML is the sole global supplier of EUV lithography systems with a structural monopoly in leading-edge chipmaking equipment; elevated near-term growth reflects the High-NA EUV ramp and AI-driven fab capex spending, moderating over the decade in line with the company's own long-term guidance of roughly EUR44-60B revenue by 2030, with the discount rate reflecting real cyclicality and geopolitical/export-control risk despite the strong balance sheet.