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STOCK COMPARISON

Shenzhen Newway Photomask Making Co. Ltd. A vs ASML Holding: Fair Value & Quality

Both stocks run through our valuation models. Here is how Shenzhen Newway Photomask Making Co. Ltd. A (688401) and ASML Holding (ASML) compare, as of Aug 10, 2026.

As of Aug 10, 2026, Fair Value Calculator sees Shenzhen Newway Photomask Making Co. Ltd. A as the less overvalued of the two: Shenzhen Newway Photomask Making Co. Ltd. A trades at ¥70.38 versus a fair value of ¥26.07 (-63%), while ASML Holding trades at €1,499 versus €444 (-70%).
Shenzhen Newway Photomask Making Co. Ltd. A
688401.SHG · CNY · Information Technology
-63%
upside to fair value
overvalued
Price¥70.38
Fair Value¥26.07
Quality60/100
ASML Holding
ASML.AS · EUR · Information Technology
-70%
upside to fair value
overvalued
Price€1,499
Fair Value€444
Quality82/100

Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

Shenzhen Newway Photomask Making Co. Ltd. AASML Holding
Valuation
55.5×P/E (TTM)60.6×
12.03×P/S (TTM)19.31×
8.84×P/B34.78×
35.5×EV/EBITDA49.8×
PEG2.19×
0.5%Dividend yield0.3%
¥0.40Dividend per share€5.90
Profitability
22%Net margin30%
24%Operating margin37%
17%Return on equity54%
7%Return on assets16%
Growth
26%Revenue growth (YoY)21%
21.8%Avg. growth/yr (3Y)15.6%
23.5%Avg. growth/yr (5Y)18.5%
Balance & size
0.46×Debt / equity0.14×
$2BMarket cap$682B
expensiveGrowth qualityhealthy

Shenzhen Newway Photomask Making Co. Ltd. A leads: 8 to 5 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Shenzhen Newway Photomask Making Co. Ltd. Aof which business quality 59 · market factors 68 ASML Holdingof which business quality 79 · market factors 70
ProfitabilityMargins and returns on capital today
49
81
Quality GrowthAre margins and returns improving?
58
77
CashflowEarnings quality: real cash, not paper profit
51
86
Fin. StrengthBalance sheet, leverage, solvency risk
79
85
InvestmentDisciplined investing over empire-building
26
42
Low VolatilityCalm price path (market factor)
30
35
MomentumPrice trend over the last 3–12 months (market factor)
85
81
52W MomentumDistance to the 52-week high (market factor)
84
90
Net IssuanceBuybacks instead of dilution
82
92

What the models say

The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.

Shenzhen Newway Photomask Making Co. Ltd. A

DCF Models¥28.10
Earnings-Based¥34.82
Dividend Discount¥6.37
Multiples¥24.12
Asset-Based¥5.76
Growth DCF¥16.36
Economic Profit¥14.99
Growth Earnings¥43.16

26 of 26 models see the stock below the current price.

ASML Holding

DCF Models€708
Earnings-Based€393
Dividend Discount€127
Multiples€342
Asset-Based€34.21
Growth DCF€664
Economic Profit€376
Growth Earnings€570

26 of 26 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

Shenzhen Newway Photomask Making Co. Ltd. A
Bear ¥12.87Fair Value ¥26.07Bull ¥33.48
¥70.38 = current price (white tick)
ASML Holding
Bear €339Fair Value €444Bull €740
€1,499 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Shenzhen Newway Photomask Making Co. Ltd. A · Information Technology

Quality score60 · above median
Fair value upside-63% · below median

ASML Holding · Information Technology

Quality score82 · Top 25%
Fair value upside-70% · bottom 25%

Bottom line

As of Aug 10, 2026, Fair Value Calculator sees Shenzhen Newway Photomask Making Co. Ltd. A as the less overvalued of the two: Shenzhen Newway Photomask Making Co. Ltd. A trades at ¥70.38 versus a fair value of ¥26.07 (-63%), while ASML Holding trades at €1,499 versus €444 (-70%).

ASML Holding has the higher quality score (82/100).

See the full analysis →

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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.