Equity research report asml holding nv - shaping everyone-s digital future

• Autor(a) principal: Fenz, Sebastian
• Data de Publicação: 2022
• Tipo de documento: Dissertação
• Idioma: eng
• Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
• Texto Completo: http://hdl.handle.net/10362/156232
• topic: Semiconductor equipment; European technology hHardware; Lithography; EUV; Domínio/Área Científica::Ciências Sociais::Economia e Gestão

ASML is the world's leading provider of lithography systems for the semiconductor industry, manufacturing complex machines that are critical to the production of integrated circuits or chips. The key objective is to analyse the complex nature of the business of ASML NV and evaluate a share price goal for FY2023. To examine the company, annual statements from 2018 to 2021 are exploited. We provide an overview of ASML’s landscape and insights into the financial statements. The report includes a discussion of ASML's business model, product portfolio, and competitive advantage. The program used to analyse the data is Excel. Moreover, the semiconductor, as well as the lithograph industry, and a possible impact of macroeconomic factors regarding the valuation, market trends and dynamics, are discussed. Semiconductors are becoming an increasingly essential factor in the world’s economy, especially to justify and explain the digital transformation and the overall development of countries and its population. Overall, ASML is well positioned to continue its strong performance, while stressing the importance and implication of such market power regarding lithography.