1. ASML is currently undervalued due to a weaker 2025 outlook and is a Strong Buy for medium-term value investors comfortable with semiconductor industry cycles. 2. Despite reduced sentiment from a downward revision in sales forecasts and geopolitical risks, ASML's growth prospects remain robust due to its EUV technology monopoly. 3. ASML's valuation metrics, including an EV-to-sales ratio 19% below its five-year average, indicate significant upside potential, with an expected enterprise value increase of 30% in 12 months.