ASML Holding NV
ASML: XAMS (NLD)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€951.00 | Pfmq | Cyvftycl |
ASML is the Sole Supplier of EUV Lithography Systems; Shares Undervalued
Business Strategy and Outlook
ASML is the predominant supplier of photolithography equipment for semiconductor manufacturers. We expect it to materially benefit from the proliferation of extreme ultraviolet, or EUV, lithography and we believe the uncertainty concerning the long-term extent of EUV insertion has sufficiently diminished to justify a wide moat rating.