KLA reported strong September-quarter results and a good December-quarter outlook. Sales rose 29% year on year to $4.1 billion, while non-GAAP operating margin rose 290 basis points to 46.1%. Guidance implies accelerated growth, more than 40% year-on-year, to $4.7 billion.
KLA dominates the process control market within WFE, with a majority market share more than quadrupling that of its next closest competitor, Applied Materials.
KLA has a smaller budget than other giant WFE peers like Applied Materials and ASML, and risks losing market share if those firms were to invest more than it is able to.
|
Metric
|
KLAC
|
ASML
|
AMAT
|
|---|---|---|---|
Price/Earnings (Normalized) | 38.61 | 48.84 | 35.71 |
Price/Book Value | 31.55 | 24.04 | 12.08 |
Price/Sales | 14.33 | 13.16 | 10.11 |
Price/Cash Flow | 34.50 | 34.97 | 34.57 |
|
Metric
|
KLAC
|
ASML
|
AMAT
|
|---|---|---|---|
Quick Ratio | 1.76 | 0.95 | 1.67 |
Current Ratio | 2.76 | 1.49 | 2.42 |
Interest Coverage | 22.13 | — | 33.00 |
|
Metric
|
KLAC
|
ASML
|
AMAT
|
|---|---|---|---|
Return on Assets (Normalized) | 31.27% | 27.07% | 22.69% |
Return on Equity (Normalized) | 92.53% | 66.27% | 39.18% |
Return on Invested Capital (Normalized) | 45.98% | 57.96% | 25.01% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| ASML Holding NV
ASMLF
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| ASML Holding NV ADR
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United States