ASML fundamentals are strong (revenue doubling, high ROIC, low stock-based comp), but rising inventory is a cautionary signal.

Let's take a look at ASML. Uh, I talked I made a video about this company a while ago,

anyways as ASML these guys make the equipment that makes these semiconductor doctors and you can see the the revenue is absolutely continued to to grow. So I'm at blue line here.

Uh 11 billion in 17. Then we got 17 then 20 billion in 22. That's a doubling. And then they just crossed the 40 bill or almost the 40 billion in 26. So another another doubling.

Stock market stock has gone up tremendously uh over the last year. market cap was 260 billion. Uh it's now 688 billion. Free cash flows exploding. Good to see. That's right in line with the EBITDA.

They made 14 billion profit last year. Uh and let's see, stockbased uh operating capital. Stockbased comp remains relatively small. I I like that they're they're not a tech company.

They're not they're not giving shares out the window here to anybody um who who's employed. They're actually making money for the shareholders. Leverage is negative. They have more cash with uh with no debt.

That's great to see. Inventory is climbing. That's interesting. Not expect that, but maybe they expect future demand to be strong. So, they're filling up. That's one cautionary tale right there.

Uh shares that they're buying back. They continued to buy back shares. Excellent to see. And the look at the ROIC. Look at the return on invested capital. 30 40%. Um the the story there is always show me the ROIC on a company and I will show you what their long-term return will be.