ASE TECHNOLOGY HOLDING -ADR (ASX) Stock Fundamental Analysis
NYSE:ASX - New York Stock Exchange, Inc. - US00215W1009 - ADR - Currency: USD
Taking everything into account, ASX scores 4 out of 10 in our fundamental rating. ASX was compared to 110 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 valued quite expensively, but it does show have an excellent growth rating.
1. Profitability
1.1 Basic Checks
ASX had positive earnings in each of the past 5 years.
Each year in the past 5 years ASX had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 5.17%, ASX is in the better half of the industry, outperforming 66.36% of the companies in the same industry.
The Return On Equity of ASX (12.85%) is better than 77.27% of its industry peers.
ASX has a better Return On Invested Capital (7.12%) than 72.73% of its industry peers.
The Average Return On Invested Capital over the past 3 years for ASX is below the industry average of 10.58%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.17% | ||
| ROE | 12.85% | ||
| ROIC | 7.12% |
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
ASX has a Profit Margin (5.38%) which is comparable to the rest of the industry.
In the last couple of years the Profit Margin of ASX has grown nicely.
ASX has a Operating Margin of 6.57%. This is comparable to the rest of the industry: ASX outperforms 57.27% 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 16.38%, ASX is doing worse than 85.45% 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 | 6.57% | ||
| PM (TTM) | 5.38% | ||
| GM | 16.38% |
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
ASX has more shares outstanding than it did 1 year ago.
ASX has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, ASX has a worse debt to assets ratio.
2.2 Solvency
A Debt/Equity ratio of 0.63 indicates that ASX is somewhat dependend on debt financing.
ASX's Debt to Equity ratio of 0.63 is on the low side compared to the rest of the industry. ASX is outperformed by 77.27% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.63 | ||
| Debt/FCF | N/A | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
ASX has a Current Ratio of 1.04. This is a normal value and indicates that ASX is financially healthy and should not expect problems in meeting its short term obligations.
ASX's Current ratio of 1.04 is on the low side compared to the rest of the industry. ASX is outperformed by 92.73% of its industry peers.
A Quick Ratio of 0.82 indicates that ASX may have some problems paying its short term obligations.
ASX has a Quick ratio of 0.82. This is amonst the worse of the industry: ASX underperforms 91.82% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.04 | ||
| Quick Ratio | 0.82 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 6.28% over the past year.
The Earnings Per Share has been growing by 13.35% on average over the past years. This is quite good.
ASX shows a strong growth in Revenue. In the last year, the Revenue has grown by 27.36%.
ASX shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.58% yearly.
EPS 1Y (TTM)6.28%
EPS 3Y-20.43%
EPS 5Y13.35%
EPS Q2Q%28.12%
Revenue 1Y (TTM)27.36%
Revenue growth 3Y1.46%
Revenue growth 5Y7.58%
Sales Q2Q%11.56%
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 32.79% 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 11.74% on average per year.
EPS Next Y49.6%
EPS Next 2Y40.04%
EPS Next 3Y32.79%
EPS Next 5YN/A
Revenue Next Year10.63%
Revenue Next 2Y11.27%
Revenue Next 3Y11.74%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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
A more expensive valuation may be justified as ASX's earnings are expected to grow with 32.79% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y40.04%
EPS Next 3Y32.79%
5. Dividend
5.1 Amount
ASX has a Yearly Dividend Yield of 3.68%. Purely for dividend investing, there may be better candidates out there.
ASX's Dividend Yield is rather good when compared to the industry average which is at 2.18. ASX pays more dividend than 95.45% of the companies in the same industry.
ASX's Dividend Yield is rather good when compared to the S&P500 average which is at 2.37.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.68% |
5.2 History
On average, the dividend of ASX grows each year by 63.82%, which is quite nice.
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
56.10% of the earnings are spent on dividend by ASX. 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.
DP56.1%
EPS Next 2Y40.04%
EPS Next 3Y32.79%
10.41
+0.05 (+0.48%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners31.68%
Inst Owner Change0%
Ins Owners0.19%
Ins Owner ChangeN/A
Market Cap22.61B
Analysts83.85
Price Target12.08 (16.04%)
Short Float %0.94%
Short Ratio1.2
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.68% |
Yearly DividendN/A
Dividend Growth(5Y)63.82%
DP56.1%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-5.75%
Min EPS beat(2)-11.06%
Max EPS beat(2)-0.44%
EPS beat(4)2
Avg EPS beat(4)-0.99%
Min EPS beat(4)-11.06%
Max EPS beat(4)5.85%
EPS beat(8)4
Avg EPS beat(8)2.39%
EPS beat(12)8
Avg EPS beat(12)4.6%
EPS beat(16)11
Avg EPS beat(16)8.58%
Revenue beat(2)2
Avg Revenue beat(2)0.49%
Min Revenue beat(2)0.35%
Max Revenue beat(2)0.64%
Revenue beat(4)2
Avg Revenue beat(4)-0.09%
Min Revenue beat(4)-1.02%
Max Revenue beat(4)0.64%
Revenue beat(8)2
Avg Revenue beat(8)-0.82%
Revenue beat(12)4
Avg Revenue beat(12)-0.5%
Revenue beat(16)5
Avg Revenue beat(16)-0.77%
PT rev (1m)4.51%
PT rev (3m)4.74%
EPS NQ rev (1m)-0.94%
EPS NQ rev (3m)-3.28%
EPS NY rev (1m)0%
EPS NY rev (3m)-1.32%
Revenue NQ rev (1m)-0.31%
Revenue NQ rev (3m)-1.9%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.59%
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 | 5.17% | ||
| ROE | 12.85% | ||
| ROCE | 9.64% | ||
| ROIC | 7.12% | ||
| ROICexc | 8.59% | ||
| ROICexgc | 10.07% | ||
| OM | 6.57% | ||
| PM (TTM) | 5.38% | ||
| GM | 16.38% | ||
| 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%
ROICexcg growth 3Y-18.08%
ROICexcg 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-Score6
Asset Turnover0.96
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.63 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 1.79 | ||
| Cap/Depr | 173.07% | ||
| Cap/Sales | 14.27% | ||
| Interest Coverage | 7.42 | ||
| Cash Conversion | 85.39% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.04 | ||
| Quick Ratio | 0.82 | ||
| Altman-Z | N/A |
F-Score6
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)6.28%
EPS 3Y-20.43%
EPS 5Y13.35%
EPS Q2Q%28.12%
EPS Next Y49.6%
EPS Next 2Y40.04%
EPS Next 3Y32.79%
EPS Next 5YN/A
Revenue 1Y (TTM)27.36%
Revenue growth 3Y1.46%
Revenue growth 5Y7.58%
Sales Q2Q%11.56%
Revenue Next Year10.63%
Revenue Next 2Y11.27%
Revenue Next 3Y11.74%
Revenue Next 5YN/A
EBIT growth 1Y21.62%
EBIT growth 3Y-14.25%
EBIT growth 5Y10.73%
EBIT Next Year203.61%
EBIT Next 3Y58.18%
EBIT Next 5YN/A
FCF growth 1Y-128.1%
FCF growth 3Y1.13%
FCF growth 5Y-7.97%
OCF growth 1Y-17.9%
OCF growth 3Y3.56%
OCF growth 5Y4.66%