How ASML is profiting from Moore’s law

ASML’s cutting-edge technology will capitalise on the growing demand for computer chips, says Mike Tubbs.

897-ASML

ASML's advanced precision lithography systems keep it dominant in its market

ASML's cutting-edge technology will capitalise on the growing demand for computer chips.

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ASML (Amsterdam: ASML)
Share price€172P/E (est. 2019 EPS)22.5
Market cap€74bnPEG 20190.9
Cash/debt€0.3bnDividend yield0.8%
Recent results20172016% change
Turnover€9.05bn€6.8bn33%
Operating profit€2.5bn€1.7bn47.1%
Earnings/share€4.93€3.4642.5%
Dividends/share€1.40€1.2017%
Dr Mike Tubbs

Highly qualified (BSc PhD CPhys FInstP MIoD) expert in R&D management, business improvement and investment analysis, Dr Mike Tubbs worked for decades on the 'inside' of corporate giants such as Xerox, Battelle and Lucas. Working in the research and development departments, he learnt what became the key to his investing; knowledge which gave him a unique perspective on the stock markets.

Dr Tubbs went on to create the R&D Scorecard which was presented annually to the Department of Trade & Industry and the European Commission. It was a guide for European businesses on how to improve prospects using correctly applied research and development. He has been a contributor to MoneyWeek for many years, with a particular focus on R&D-driven growth companies.