ASE TECHNOLOGY HOLDING -ADR (ASX) Stock Fundamental Analysis
USA - NYSE:ASX - US00215W1009 - ADR
15.37 USD
-0.46 (-2.91%)
15.2518 USD
-0.12 (-0.77%)
We assign a fundamental rating of 4 out of 10 to ASX. ASX was compared to 112 industry peers in the Semiconductors & Semiconductor Equipment industry. While ASX is still in line with the averages on profitability rating, there are concerns on its financial health. ASX is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
Each year in the past 5 years ASX has been profitable.
In the past 5 years ASX always reported a positive cash flow from operatings.
1.2 Ratios
ASX has a Return On Assets of 4.46%. This is in the better half of the industry: ASX outperforms 68.75% of its industry peers.
ASX's Return On Equity of 11.61% is fine compared to the rest of the industry. ASX outperforms 77.68% of its industry peers.
With a decent Return On Invested Capital value of 6.22%, ASX is doing good in the industry, outperforming 70.54% of the companies in the same industry.
ASX had an Average Return On Invested Capital over the past 3 years of 8.26%. This is below the industry average of 11.05%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.46% | ||
| ROE | 11.61% | ||
| ROIC | 6.22% |
ROA(3y)5.97%
ROA(5y)6.43%
ROE(3y)13.77%
ROE(5y)15.7%
ROIC(3y)8.26%
ROIC(5y)8.22%
1.3 Margins
The Profit Margin of ASX (5.49%) is comparable to the rest of the industry.
ASX's Profit Margin has improved in the last couple of years.
ASX's Operating Margin of 6.85% is fine compared to the rest of the industry. ASX outperforms 60.71% of its industry peers.
In the last couple of years the Operating Margin of ASX has grown nicely.
Looking at the Gross Margin, with a value of 16.68%, ASX is doing worse than 83.04% of the companies in the same industry.
ASX's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.85% | ||
| PM (TTM) | 5.49% | ||
| GM | 16.68% |
OM growth 3Y-15.49%
OM growth 5Y2.93%
PM growth 3Y-21.35%
PM growth 5Y5.99%
GM growth 3Y-5.62%
GM growth 5Y0.9%
2. Health
2.1 Basic Checks
Compared to 1 year ago, ASX has more shares outstanding
The number of shares outstanding for ASX has been increased compared to 5 years ago.
Compared to 1 year ago, ASX has a worse debt to assets ratio.
2.2 Solvency
ASX has a Debt/Equity ratio of 0.74. This is a neutral value indicating ASX is somewhat dependend on debt financing.
The Debt to Equity ratio of ASX (0.74) is worse than 77.68% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.74 | ||
| Debt/FCF | N/A | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
ASX has a Current Ratio of 1.02. This is a normal value and indicates that ASX is financially healthy and should not expect problems in meeting its short term obligations.
With a Current ratio value of 1.02, ASX is not doing good in the industry: 91.07% of the companies in the same industry are doing better.
A Quick Ratio of 0.79 indicates that ASX may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.79, ASX is doing worse than 91.96% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.02 | ||
| Quick Ratio | 0.79 |
3. Growth
3.1 Past
ASX shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 6.55%.
Measured over the past years, ASX shows a quite strong growth in Earnings Per Share. The EPS has been growing by 13.35% on average per year.
Looking at the last year, ASX shows a very negative growth in Revenue. The Revenue has decreased by -13.32% in the last year.
The Revenue has been growing slightly by 7.58% on average over the past years.
EPS 1Y (TTM)6.55%
EPS 3Y-20.43%
EPS 5Y13.35%
EPS Q2Q%11.06%
Revenue 1Y (TTM)-13.32%
Revenue growth 3Y1.46%
Revenue growth 5Y7.58%
Sales Q2Q%5.29%
3.2 Future
ASX is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 32.48% yearly.
Based on estimates for the next years, ASX will show a quite strong growth in Revenue. The Revenue will grow by 11.92% on average per year.
EPS Next Y17.35%
EPS Next 2Y34.63%
EPS Next 3Y32.48%
EPS Next 5YN/A
Revenue Next Year7.82%
Revenue Next 2Y10.63%
Revenue Next 3Y11.92%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A |
4.2 Price Multiples
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
ASX's earnings are expected to grow with 32.48% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y34.63%
EPS Next 3Y32.48%
5. Dividend
5.1 Amount
ASX has a Yearly Dividend Yield of 2.25%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 2.14, ASX pays a better dividend. On top of this ASX pays more dividend than 91.96% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.40, ASX has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.25% |
5.2 History
The dividend of ASX is nicely growing with an annual growth rate of 63.82%!
ASX has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)63.82%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
ASX pays out 65.83% of its income as dividend. This is not a sustainable payout ratio.
The dividend of ASX is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP65.83%
EPS Next 2Y34.63%
EPS Next 3Y32.48%
15.37
-0.46 (-2.91%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners32.8%
Inst Owner Change0.22%
Ins Owners0.2%
Ins Owner ChangeN/A
Market Cap33.42B
Revenue(TTM)629.74B
Net Income(TTM)34.12B
Analysts83.08
Price Target12.14 (-21.01%)
Short Float %0.64%
Short Ratio1.43
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.25% |
Yearly DividendN/A
Dividend Growth(5Y)63.82%
DP65.83%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-18.35%
Min EPS beat(2)-25.64%
Max EPS beat(2)-11.06%
EPS beat(4)1
Avg EPS beat(4)-8.86%
Min EPS beat(4)-25.64%
Max EPS beat(4)1.68%
EPS beat(8)3
Avg EPS beat(8)-3.78%
EPS beat(12)7
Avg EPS beat(12)1.02%
EPS beat(16)10
Avg EPS beat(16)6.73%
Revenue beat(2)1
Avg Revenue beat(2)-0.65%
Min Revenue beat(2)-1.94%
Max Revenue beat(2)0.64%
Revenue beat(4)2
Avg Revenue beat(4)-0.49%
Min Revenue beat(4)-1.94%
Max Revenue beat(4)0.64%
Revenue beat(8)2
Avg Revenue beat(8)-0.99%
Revenue beat(12)3
Avg Revenue beat(12)-0.98%
Revenue beat(16)5
Avg Revenue beat(16)-0.67%
PT rev (1m)2.64%
PT rev (3m)5.07%
EPS NQ rev (1m)1.34%
EPS NQ rev (3m)-30.23%
EPS NY rev (1m)0%
EPS NY rev (3m)-24.86%
Revenue NQ rev (1m)0.44%
Revenue NQ rev (3m)-4.8%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.89%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | N/A | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | N/A | ||
| P/tB | N/A | ||
| EV/EBITDA | N/A |
EPS(TTM)N/A
EYN/A
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpSN/A
BVpSN/A
TBVpSN/A
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.46% | ||
| ROE | 11.61% | ||
| ROCE | 8.24% | ||
| ROIC | 6.22% | ||
| ROICexc | 7.24% | ||
| ROICexgc | 8.41% | ||
| OM | 6.85% | ||
| PM (TTM) | 5.49% | ||
| GM | 16.68% | ||
| FCFM | N/A |
ROA(3y)5.97%
ROA(5y)6.43%
ROE(3y)13.77%
ROE(5y)15.7%
ROIC(3y)8.26%
ROIC(5y)8.22%
ROICexc(3y)9.6%
ROICexc(5y)9.59%
ROICexgc(3y)11.43%
ROICexgc(5y)11.59%
ROCE(3y)11.1%
ROCE(5y)11.04%
ROICexgc growth 3Y-18.08%
ROICexgc growth 5Y4.88%
ROICexc growth 3Y-16.93%
ROICexc growth 5Y6.46%
OM growth 3Y-15.49%
OM growth 5Y2.93%
PM growth 3Y-21.35%
PM growth 5Y5.99%
GM growth 3Y-5.62%
GM growth 5Y0.9%
F-Score4
Asset Turnover0.81
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.74 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 2.06 | ||
| Cap/Depr | 214.34% | ||
| Cap/Sales | 21.75% | ||
| Interest Coverage | 6.07 | ||
| Cash Conversion | 108.08% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.02 | ||
| Quick Ratio | 0.79 | ||
| Altman-Z | N/A |
F-Score4
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)121.14%
Cap/Depr(5y)124.09%
Cap/Sales(3y)11.36%
Cap/Sales(5y)12.03%
Profit Quality(3y)92.23%
Profit Quality(5y)66.71%
High Growth Momentum
Growth
EPS 1Y (TTM)6.55%
EPS 3Y-20.43%
EPS 5Y13.35%
EPS Q2Q%11.06%
EPS Next Y17.35%
EPS Next 2Y34.63%
EPS Next 3Y32.48%
EPS Next 5YN/A
Revenue 1Y (TTM)-13.32%
Revenue growth 3Y1.46%
Revenue growth 5Y7.58%
Sales Q2Q%5.29%
Revenue Next Year7.82%
Revenue Next 2Y10.63%
Revenue Next 3Y11.92%
Revenue Next 5YN/A
EBIT growth 1Y-9.92%
EBIT growth 3Y-14.25%
EBIT growth 5Y10.73%
EBIT Next Year178.53%
EBIT Next 3Y62.2%
EBIT Next 5YN/A
FCF growth 1Y-142.77%
FCF growth 3Y1.13%
FCF growth 5Y-7.97%
OCF growth 1Y-1.2%
OCF growth 3Y3.56%
OCF growth 5Y4.66%
ASE TECHNOLOGY HOLDING -ADR / ASX FAQ
What is the fundamental rating for ASX stock?
ChartMill assigns a fundamental rating of 4 / 10 to ASX.
What is the valuation status for ASX stock?
ChartMill assigns a valuation rating of 1 / 10 to ASE TECHNOLOGY HOLDING -ADR (ASX). This can be considered as Overvalued.
What is the profitability of ASX stock?
ASE TECHNOLOGY HOLDING -ADR (ASX) has a profitability rating of 5 / 10.
What is the earnings growth outlook for ASE TECHNOLOGY HOLDING -ADR?
The Earnings per Share (EPS) of ASE TECHNOLOGY HOLDING -ADR (ASX) is expected to grow by 17.35% in the next year.