Valuation
ASML DCF Valuation Model
Two-stage discounted cash flow model for ASML Holding with sensitivity analysis on WACC and terminal growth.
ExcelPython
View case study →asml-dcf-valuation
Delta Analytics · research lab
Finance & AI projects for valuation, analytics and automation.
A semi-anonymous research lab documenting projects in corporate finance, financial modeling, dashboards and AI-powered analysis.
- Projects
- 5
- Notes
- 5
- Focus
- Finance · AI
delta://valuation/ASML.AS— DCF · base case
live model
Enterprise Value
€312.4B
+4.2%Revenue Growth (FY+1)
11.8%
+1.1ppWACC
8.42%
-15bpsEBITDA Margin
33.6%
+0.8ppImplied Share Price
€812.50
+6.1%Sensitivity Range
€720 – €905
±11.4%model · dcf_two_stage_v3.xlsx
assumptions · g₁ 11.8% → gₜ 2.5% · tax 19% · β 1.05
sample data
/ Projects
Selected work
In Progress
Analytics
Stock Analytics Dashboard
Interactive dashboard tracking fundamentals, multiples and momentum across a watchlist of large-cap equities.
PythonStreamlitSQL
Case study coming soonstock-analytics-dashboard
AI · Research
AI Earnings Summary Tool
Pipeline that ingests 10-Q / earnings call transcripts and returns structured summaries, risks and KPIs.
PythonAI
Case study coming soonai-earnings-summary
/ Research
Recent notes
- Valuation
What I learned building my first DCF model
Notes on structuring assumptions, separating drivers from outputs, and why most of the work happens before the math.
6 min read - Valuation
How WACC impacts valuation
A walk-through of how small changes in the cost of capital compound through a DCF, with a sensitivity table.
5 min read - Concepts
Enterprise Value vs Equity Value explained
The bridge from EV to equity value, what gets added back, and the most common mistakes in M&A models.
4 min read
Built quietly. Documented openly.
Follow the lab as new valuation models, dashboards and AI tools ship.