Report
Oddo BHF
Stephane Houri

ASML : Malgré l’incertitude sur la mémoire, ASML reste une histoire de croissance structurelle et de domination technologique difficile à égaler…

>Nous réitérons notre opinion Achat après un RS avec la société à Paris - Suite à un roadshow à Paris avec Marcel Kemp (Director Investor relations Europe d’ASML), nous réitérons notre opinion Achat et notre OC de 215 €. Notre OC est toujours la moyenne entre un DCF (205 €) et un objectif découlant de l’application d’un multiple de 25x les profits à notre BPA 2025 (15.5 €), soit 390 € qui actualisé donne 225 €. Notre thèse d'investissement est inchangée : 1/ ASML...
16/05/2019 5 FR
Underlying
ASML Holding NV
ASML Holding NV

ASML Holding provides lithography systems for the semiconductor industry, manufacturing machines that are used in the production of integrated circuits or chips. Co. develops, produces, markets, sells and services advanced semiconductor equipment systems exclusively consisting of lithography systems. Co. sells its products to micro-processor manufacturers and Foundries, NAND-Flash memory and DRAM memory chipmakers. Co.'s products line includes the following: PAS 5000 lithography systems, which Co. no longer manufactures but continues to refurbish; PAS 5500 products; TWINSCAN DUV systems and TWINSCAN EUV systems based on a new platform utilizing the concepts of the TWINSCAN platform.

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NL0010273215 Euronext Amsterdam Netherlands
Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

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Analysts
Stephane Houri

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