ASE TECHNOLOGY HOLDING -ADR (ASX) Stock Fundamental Analysis
NYSE:ASX - New York Stock Exchange, Inc. - US00215W1009 - ADR - Currency: USD
We assign a fundamental rating of 4 out of 10 to ASX. ASX was compared to 108 industry peers in the Semiconductors & Semiconductor Equipment industry. There are concerns on the financial health of ASX while its profitability can be described as average. ASX is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past 5 years ASX has always been profitable.
In the past 5 years ASX always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of ASX (5.34%) is better than 65.74% of its industry peers.
The Return On Equity of ASX (12.34%) is better than 72.22% of its industry peers.
ASX's Return On Invested Capital of 7.18% is fine compared to the rest of the industry. ASX outperforms 70.37% of its industry peers.
ASX had an Average Return On Invested Capital over the past 3 years of 9.59%. This is below the industry average of 12.04%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.34% | ||
| ROE | 12.34% | ||
| ROIC | 7.18% |
ROA(3y)7.68%
ROA(5y)6.16%
ROE(3y)18.61%
ROE(5y)15.37%
ROIC(3y)9.59%
ROIC(5y)7.85%
1.3 Margins
ASX has a Profit Margin of 5.25%. This is comparable to the rest of the industry: ASX outperforms 53.70% of its industry peers.
In the last couple of years the Profit Margin of ASX has declined.
ASX has a Operating Margin of 6.51%. This is comparable to the rest of the industry: ASX outperforms 57.41% of its industry peers.
ASX's Operating Margin has been stable in the last couple of years.
ASX has a worse Gross Margin (16.10%) than 84.26% of its industry peers.
ASX's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.51% | ||
| PM (TTM) | 5.25% | ||
| GM | 16.1% |
OM growth 3Y-1.77%
OM growth 5Y-0.71%
PM growth 3Y-1.96%
PM growth 5Y-4.34%
GM growth 3Y-1.2%
GM growth 5Y-0.88%
2. Health
2.1 Basic Checks
ASX has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, ASX has more shares outstanding
ASX has about the same debt/assets ratio as last year.
2.2 Solvency
The Debt to FCF ratio of ASX is 4.79, which is a neutral value as it means it would take ASX, 4.79 years of fcf income to pay off all of its debts.
ASX has a Debt to FCF ratio (4.79) which is in line with its industry peers.
A Debt/Equity ratio of 0.57 indicates that ASX is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.57, ASX is not doing good in the industry: 77.78% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.57 | ||
| Debt/FCF | 4.79 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 1.18 indicates that ASX should not have too much problems paying its short term obligations.
ASX has a worse Current ratio (1.18) than 85.19% of its industry peers.
A Quick Ratio of 0.89 indicates that ASX may have some problems paying its short term obligations.
With a Quick ratio value of 0.89, ASX is not doing good in the industry: 86.11% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.18 | ||
| Quick Ratio | 0.89 |
3. Growth
3.1 Past
The earnings per share for ASX have decreased strongly by -15.36% in the last year.
ASX shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 4.02% yearly.
ASX shows a strong growth in Revenue. In the last year, the Revenue has grown by 21.34%.
ASX shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 9.41% yearly.
EPS 1Y (TTM)-15.36%
EPS 3Y4.34%
EPS 5Y4.02%
EPS Q2Q%8.5%
Revenue 1Y (TTM)21.34%
Revenue growth 3Y6.85%
Revenue growth 5Y9.41%
Sales Q2Q%3.85%
3.2 Future
Based on estimates for the next years, ASX will show a very strong growth in Earnings Per Share. The EPS will grow by 28.28% on average per year.
Based on estimates for the next years, ASX will show a quite strong growth in Revenue. The Revenue will grow by 9.41% on average per year.
EPS Next Y4.51%
EPS Next 2Y23.47%
EPS Next 3Y28.28%
EPS Next 5YN/A
Revenue Next Year1.83%
Revenue Next 2Y6.88%
Revenue Next 3Y9.41%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
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 28.28% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y23.47%
EPS Next 3Y28.28%
5. Dividend
5.1 Amount
ASX has a Yearly Dividend Yield of 2.94%.
Compared to an average industry Dividend Yield of 2.32, ASX pays a better dividend. On top of this ASX pays more dividend than 93.52% of the companies listed in the same industry.
ASX's Dividend Yield is a higher than the S&P500 average which is at 2.29.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.94% |
5.2 History
The dividend of ASX is nicely growing with an annual growth rate of 63.82%!
ASX has paid a dividend for at least 10 years, which is a reliable track record.
ASX has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)63.82%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
ASX pays out 58.83% of its income as dividend. This is a bit on the high side, but may be sustainable.
ASX's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP58.83%
EPS Next 2Y23.47%
EPS Next 3Y28.28%
ASE TECHNOLOGY HOLDING -ADR
NYSE:ASX (2/7/2025, 8:12:28 PM)
After market: 10.24 +0.12 (+1.19%)10.12
+0.01 (+0.1%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners32.79%
Inst Owner Change-1.26%
Ins Owners0.73%
Ins Owner ChangeN/A
Market Cap21.98B
Analysts82.31
Price Target9.97 (-1.48%)
Short Float %0.74%
Short Ratio1.37
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.94% |
Yearly Dividend8.79
Dividend Growth(5Y)63.82%
DP58.83%
Div Incr Years3
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)3.77%
Min EPS beat(2)1.68%
Max EPS beat(2)5.85%
EPS beat(4)3
Avg EPS beat(4)2.41%
Min EPS beat(4)-4.19%
Max EPS beat(4)6.3%
EPS beat(8)6
Avg EPS beat(8)5.44%
EPS beat(12)10
Avg EPS beat(12)12.25%
EPS beat(16)13
Avg EPS beat(16)12.56%
Revenue beat(2)0
Avg Revenue beat(2)-0.68%
Min Revenue beat(2)-1.02%
Max Revenue beat(2)-0.34%
Revenue beat(4)0
Avg Revenue beat(4)-1.29%
Min Revenue beat(4)-2.02%
Max Revenue beat(4)-0.34%
Revenue beat(8)0
Avg Revenue beat(8)-1.82%
Revenue beat(12)3
Avg Revenue beat(12)-0.57%
Revenue beat(16)4
Avg Revenue beat(16)-0.72%
PT rev (1m)-12.59%
PT rev (3m)-10%
EPS NQ rev (1m)-1.21%
EPS NQ rev (3m)-37.39%
EPS NY rev (1m)-8.49%
EPS NY rev (3m)-8.78%
Revenue NQ rev (1m)-0.46%
Revenue NQ rev (3m)-13.37%
Revenue NY rev (1m)-2.15%
Revenue NY rev (3m)-2.15%
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
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.34% | ||
| ROE | 12.34% | ||
| ROCE | 9.88% | ||
| ROIC | 7.18% | ||
| ROICexc | 8.45% | ||
| ROICexgc | 9.98% | ||
| OM | 6.51% | ||
| PM (TTM) | 5.25% | ||
| GM | 16.1% | ||
| FCFM | 5.76% |
ROA(3y)7.68%
ROA(5y)6.16%
ROE(3y)18.61%
ROE(5y)15.37%
ROIC(3y)9.59%
ROIC(5y)7.85%
ROICexc(3y)11.2%
ROICexc(5y)9.14%
ROICexgc(3y)13.49%
ROICexgc(5y)11.15%
ROCE(3y)13.02%
ROCE(5y)10.67%
ROICexcg growth 3Y1.12%
ROICexcg growth 5Y3.92%
ROICexc growth 3Y2.69%
ROICexc growth 5Y5.41%
OM growth 3Y-1.77%
OM growth 5Y-0.71%
PM growth 3Y-1.96%
PM growth 5Y-4.34%
GM growth 3Y-1.2%
GM growth 5Y-0.88%
F-Score4
Asset Turnover1.02
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.57 | ||
| Debt/FCF | 4.79 | ||
| Debt/EBITDA | 1.65 | ||
| Cap/Depr | 102.52% | ||
| Cap/Sales | 8.33% | ||
| Interest Coverage | 7.44 | ||
| Cash Conversion | 96.25% | ||
| Profit Quality | 109.56% | ||
| Current Ratio | 1.18 | ||
| Quick Ratio | 0.89 | ||
| Altman-Z | N/A |
F-Score4
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)120.21%
Cap/Depr(5y)119.96%
Cap/Sales(3y)11.05%
Cap/Sales(5y)12.11%
Profit Quality(3y)87.48%
Profit Quality(5y)77.47%
High Growth Momentum
Growth
EPS 1Y (TTM)-15.36%
EPS 3Y4.34%
EPS 5Y4.02%
EPS Q2Q%8.5%
EPS Next Y4.51%
EPS Next 2Y23.47%
EPS Next 3Y28.28%
EPS Next 5YN/A
Revenue 1Y (TTM)21.34%
Revenue growth 3Y6.85%
Revenue growth 5Y9.41%
Sales Q2Q%3.85%
Revenue Next Year1.83%
Revenue Next 2Y6.88%
Revenue Next 3Y9.41%
Revenue Next 5YN/A
EBIT growth 1Y-2.04%
EBIT growth 3Y4.96%
EBIT growth 5Y8.64%
EBIT Next Year145.79%
EBIT Next 3Y54.32%
EBIT Next 5YN/A
FCF growth 1Y74.06%
FCF growth 3Y71.4%
FCF growth 5Y45.71%
OCF growth 1Y9.2%
OCF growth 3Y15.09%
OCF growth 5Y17.51%