ASML: Don't Let Packaging And Memory Bottlenecks Scare You Off

Impact · against what's priced in

The article provides no catalyst for ASML. Its claims regarding EUV monopoly power and HBM-driven demand are already baked into the current valuation and the revenue targets the market accepts.

ASML+0.00

Already priced in

The price assumes

A sustained free-cash-flow margin of 32.6%, treating the current cyclical peak as a durable floor for profitability

The author's view that ASML's monopoly protects margins even if growth moderates is already reflected in the market's acceptance of a durable 32.6% FCF margin floor.

What ASML's price assumes · Aug 26

• netherlandsNew
• semiconductors
• ai
• ASML
• chip production
• euv
• hbm
• lithography
• memory chips