ASX Stock Analysis: ASE Industrial Holding | NYSE
Semiconductors | NYSE, USA | Market Cap: 102.949m USD | 12M Return: 266.4% | US00215W1009 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 305M
EPS Trend: 62.8%
Qual. Beats: 2
Rev. Trend: 86.7%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 11.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
ASE Technology Holding Co., Ltd. is a Taiwan-based provider of outsourced semiconductor assembly, packaging, and testing services, operating across the United States, Taiwan, the rest of Asia, and Europe. The company operates through three core segments: Packaging, Testing, and Electronic Manufacturing Services (EMS), serving clients in computing, peripherals, communications, industrial, automotive, and server end-markets.
The companys offerings span the full semiconductor back-end value chain, including wafer probing, front-end engineering testing, final testing, wire bonding, advanced packaging, and heterogeneous integration, as well as turnkey solutions that cover packaging, testing, and direct shipment to end customers. ASE is generally recognized as one of the worlds largest independent OSAT (Outsourced Semiconductor Assembly and Test) providers, a segment of the semiconductor supply chain that sits between wafer fabrication and final device assembly.
In addition to its core semiconductor services, ASE maintains a diversified portfolio that includes substrate production, design and manufacturing of electronic components, antennas, RF amplifiers, PCBs, and tuners, as well as research and development activities. The company also engages in real estate, property leasing, property development, and commercial complex management.
Founded in 1984 and headquartered in Kaohsiung, Taiwan, ASE Technology Holding is classified under the GICS Information Technology sector, specifically within the Semiconductors sub-industry, and trades on the NYSE under the ticker ASX.
- AI and HPC chip demand boosts advanced packaging revenue
- Smartphone packaging volumes track consumer electronics cycle
- Automotive and server testing demand accelerates segment diversification
| Net Income: 61.1b TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.03 > 0.02 and ΔFCF/TA -0.75 > 1.0 |
| NWC/Revenue: 3.30% < 20% (prev 0.82%; Δ 2.48% < -1%) |
| CFO/TA 0.15 > 3% & CFO 165b > Net Income 61.1b |
| Net Debt (197b) to EBITDA (155b): 1.28 < 3 |
| Current Ratio: 1.07 > 1.5 & < 3 |
| Outstanding Shares: last quarter (2.25b) vs 12m ago 2.42% < -2% |
| Gross Margin: 19.49% > 18% (prev 15.76%; Δ 3.73% > 0.5%) |
| Asset Turnover: 77.83% > 50% (prev 80.10%; Δ -2.27% > 0%) |
| Interest Coverage Ratio: 12.24 > 6 (EBIT TTM 80.8b / Interest Expense TTM 6.60b) |
| A: 0.02 (Total Current Assets 360b - Total Current Liabilities 337b) / Total Assets 1071b |
| B: 0.10 (Retained Earnings 112b / Total Assets 1071b) |
| C: 0.09 (EBIT TTM 80.8b / Avg Total Assets 918b) |
| D: 0.60 (Book Value of Equity 389b / Total Liabilities 652b) |
| Altman-Z'' = 1.70 = BBB |
| DSRI: 1.19 (Receivables 143b/103b, Revenue 715b/613b) |
| GMI: 0.81 (GM 15.76% / 19.49%) |
| AQI: 0.95 (AQ_t 0.17 / AQ_t-1 0.18) |
| SGI: 1.17 (Revenue 715b / 613b) |
| TATA: -0.10 (NI 61.1b - CFO 165b) / TA 1071b) |
| Beneish M = -2.96 (Cap -4..+1) = A |
As of August 20, 2026, the stock is trading at USD 35.66 with a total of 7,194,295 shares traded. Over the past week, the price has changed by -9.22%, over one month by -3.36%, over three months by +16.60% and over the past year by +266.42%.
Current recommended Stop Loss: 31.00 (which is 13.1% or 2 ATR below the current price).
ASE Industrial Holding has received a consensus analysts rating of 4.67. Therefore, it is recommended to buy ASX.
- StrongBuy: 2
- Buy: 1
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 48 | 34.6% |
Market Cap TWD = 3283b (103b USD * 31.891 USD.TWD)
P/E Trailing = 48.8148
P/E Forward = 12.3001
P/S = 0.1448
P/B = 7.2001
P/EG = 4.9625
Revenue TTM = 715b TWD
EBIT TTM = 80.8b TWD
EBITDA TTM = 155b TWD
Long Term Debt = 225b TWD (from longTermDebt, last quarter)
Short Term Debt = 71.8b TWD (from shortTermDebt, last quarter)
Debt = 305b TWD (from shortLongTermDebtTotal, last quarter) + Leases 8.38b
Net Debt = 197b TWD (calculated: Debt 305b - CCE 107b)
Enterprise Value = 3481b TWD (3283b + Debt 305b - CCE 107b)
Interest Coverage Ratio = 12.24 (Ebit TTM 80.8b / Interest Expense TTM 6.60b)
EV/FCF = -99.01x (Enterprise Value 3481b / FCF TTM -35.2b)
FCF Yield = -1.01% (FCF TTM -35.2b / Enterprise Value 3481b)
FCF Margin = -4.92% (FCF TTM -35.2b / Revenue TTM 715b)
Net Margin = 8.55% (Net Income TTM 61.1b / Revenue TTM 715b)
Gross Margin = 19.49% ((Revenue TTM 715b - Cost of Revenue TTM 575b) / Revenue TTM)
Gross Margin QoQ = 21.01% (prev 20.07%)
Tobins Q-Ratio = 3.25 (Enterprise Value 3481b / Total Assets 1071b)
Interest Expense / Debt = 2.17% (Interest Expense 6.60b / Debt 305b)
Taxrate = 17.96% (13.7b / 76.5b)
NOPAT = 66.3b (EBIT 80.8b * (1 - 17.96%))
Current Ratio = 1.07 (Total Current Assets 360b / Total Current Liabilities 337b)
Debt / Equity = 0.78 (Debt 305b / totalStockholderEquity, last quarter 389b)
Debt / EBITDA = 1.28 (Net Debt 197b / EBITDA 155b)
Debt / FCF = -5.62 (negative FCF - burning cash) (Net Debt 197b / FCF TTM -35.2b)
Total Stockholder Equity = 351b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.65% (Net Income 61.1b / Total Assets 1071b)
RoE = 17.41% (Net Income TTM 61.1b / Total Stockholder Equity 351b)
RoCE = 14.04% (EBIT 80.8b / Capital Employed (Equity 351b + L.T.Debt 225b))
RoIC = 8.60% (NOPAT 66.3b / Invested Capital 771b)
WACC = 13.57% (E(3283b)/V(3588b) * Re(14.66%) + D(305b)/V(3588b) * Rd(2.17%) * (1-Tc(0.18)))
Discount Rate = 14.66% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: -14.36 | Cagr: 1.39%
[DCF] Fair Price = unknown (Cash Flow -35.2b)
EPS Correlation: 62.83 | EPS CAGR: 15.26% | SUE: 1.92 | # QB: 2
Revenue Correlation: 86.67 | Revenue CAGR: 5.90% | SUE: 0.03 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.30 | Chg30d=-4.89% | Revisions=-25% | Analysts=1
EPS current Year (2026-12-31): EPS=1.12 | Chg30d=+3.64% | Revisions=+25% | GrowthEPS=+96.1% | GrowthRev=+29.9%
EPS next Year (2027-12-31): EPS=1.84 | Chg30d=-7.59% | Revisions=-25% | GrowthEPS=+64.4% | GrowthRev=+24.0%