(ASX) ASE Industrial Holding - NYSE
Sector: Technology | Industry: Semiconductors | Exchange: NYSE (USA) | Market Cap: 84.467m USD | Total Return: 304.4% in 12m
Avg Turnover: 416M
EPS Trend: 3.7%
Qual. Beats: 1
Rev. Trend: 59.2%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Rs Leader, Confidence, Tailwind
ASE Technology Holding Co., Ltd. (ASX) is a global provider of semiconductor manufacturing services, specializing in assembly, testing, and electronic manufacturing services (EMS). The company operates a comprehensive turnkey model that covers the entire back-end process, from wafer probing and final testing to direct shipment to end users. Its solutions support diverse sectors including automotive, industrial, and high-performance computing.
The company functions as an Outsourced Semiconductor Assembly and Test (OSAT) provider, a critical segment of the semiconductor supply chain that allows chip designers to offload labor-intensive packaging processes. As chip architectures move toward heterogeneous integration, ASX utilizes advanced packaging techniques like SiP (System-in-Package) to combine multiple functional chips into a single module. Beyond its core semiconductor business, the firm maintains a diversified portfolio including real estate management and substrate production.
For a more granular analysis of these business segments, you may find it useful to review the detailed data on ValueRay.
- Advanced packaging demand for AI chips drives high-margin revenue growth
- Global semiconductor cycle recovery boosts volume in testing and packaging segments
- Geopolitical tensions and supply chain diversification impact Taiwan-based manufacturing operations
- Electronic Manufacturing Services margins fluctuate with consumer electronics and automotive demand
- Capital expenditure intensity for 3D packaging technology affects long-term free cash flow
| Net Income: 47.1b TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.01 > 0.02 and ΔFCF/TA 0.88 > 1.0 |
| NWC/Revenue: 6.48% < 20% (prev 1.78%; Δ 4.70% < -1%) |
| CFO/TA 0.16 > 3% & CFO 152b > Net Income 47.1b |
| Net Debt (151b) to EBITDA (133b): 1.14 < 3 |
| Current Ratio: 1.15 > 1.5 & < 3 |
| Outstanding Shares: last quarter (2.24b) vs 12m ago 1.95% < -2% |
| Gross Margin: 18.32% > 18% (prev 15.63%; Δ 2.69% > 0.5%) |
| Asset Turnover: 76.94% > 50% (prev 78.96%; Δ -2.01% > 0%) |
| Interest Coverage Ratio: 10.65 > 6 (EBIT TTM 63.4b / Interest Expense TTM 5.95b) |
| A: 0.05 (Total Current Assets 338b - Total Current Liabilities 294b) / Total Assets 957b |
| B: 0.10 (Retained Earnings 97.0b / Total Assets 957b) |
| C: 0.07 (EBIT TTM 63.4b / Avg Total Assets 866b) |
| D: 0.61 (Book Value of Equity 351b / Total Liabilities 576b) |
| Altman-Z'' = 1.76 = BBB |
| DSRI: 1.05 (Receivables 126b/110b, Revenue 666b/611b) |
| GMI: 0.85 (GM 15.63% / 18.32%) |
| AQI: 0.84 (AQ_t 0.15 / AQ_t-1 0.18) |
| SGI: 1.09 (Revenue 666b / 611b) |
| TATA: -0.11 (NI 47.1b - CFO 152b) / TA 957b) |
| Beneish M = -3.15 (Cap -4..+1) = AA |
As of June 20, 2026, the stock is trading at USD 40.56 with a total of 15,749,800 shares traded.
Over the past week, the price has changed by +10.22%,
over one month by +28.15%,
over three months by +87.26% and
over the past year by +304.41%.
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 | 38.7 | -4.7% |
Market Cap TWD = 2671b (84.5b USD * 31.625 USD.TWD)
P/E Trailing = 60.1563
P/E Forward = 12.3001
P/S = 0.1259
P/B = 7.6149
P/EG = 4.9625
Revenue TTM = 666b TWD
EBIT TTM = 63.4b TWD
EBITDA TTM = 133b TWD
Long Term Debt = 201b TWD (from longTermDebt, last quarter)
Short Term Debt = 55.8b TWD (from shortTermDebt, last quarter)
Debt = 265b TWD (from shortLongTermDebtTotal, last quarter) + Leases 8.38b
Net Debt = 151b TWD (calculated: Debt 265b - CCE 114b)
Enterprise Value = 2823b TWD (2671b + Debt 265b - CCE 114b)
Interest Coverage Ratio = 10.65 (Ebit TTM 63.4b / Interest Expense TTM 5.95b)
EV/FCF = -337.6x (Enterprise Value 2823b / FCF TTM -8.36b)
FCF Yield = -0.30% (FCF TTM -8.36b / Enterprise Value 2823b)
FCF Margin = -1.25% (FCF TTM -8.36b / Revenue TTM 666b)
Net Margin = 7.07% (Net Income TTM 47.1b / Revenue TTM 666b)
Gross Margin = 18.32% ((Revenue TTM 666b - Cost of Revenue TTM 544b) / Revenue TTM)
Gross Margin QoQ = 20.07% (prev 19.52%)
Tobins Q-Ratio = 2.95 (Enterprise Value 2823b / Total Assets 957b)
Interest Expense / Debt = 2.24% (Interest Expense 5.95b / Debt 265b)
Taxrate = 18.57% (11.1b / 59.5b)
NOPAT = 51.6b (EBIT 63.4b * (1 - 18.57%))
Current Ratio = 1.15 (Total Current Assets 338b / Total Current Liabilities 294b)
Debt / Equity = 0.76 (Debt 265b / totalStockholderEquity, last quarter 351b)
Debt / EBITDA = 1.14 (Net Debt 151b / EBITDA 133b)
Debt / FCF = -18.10 (negative FCF - burning cash) (Net Debt 151b / FCF TTM -8.36b)
Total Stockholder Equity = 327b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.44% (Net Income 47.1b / Total Assets 957b)
RoE = 14.41% (Net Income TTM 47.1b / Total Stockholder Equity 327b)
RoCE = 12.00% (EBIT 63.4b / Capital Employed (Equity 327b + L.T.Debt 201b))
RoIC = 7.53% (NOPAT 51.6b / Invested Capital 685b)
WACC = 12.65% (E(2671b)/V(2937b) * Re(13.72%) + D(265b)/V(2937b) * Rd(2.24%) * (1-Tc(0.19)))
Discount Rate = 13.72% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 40.45 | Cagr: -25.52%
[DCF] Fair Price = unknown (Cash Flow -8.36b)
EPS Correlation: 3.69 | EPS CAGR: 0.67% | SUE: 1.83 | # QB: 1
Revenue Correlation: 59.23 | Revenue CAGR: 2.66% | SUE: 0.11 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.24 | Chg30d=+29.66% | Revisions=+33% | Analysts=2
EPS next Quarter (2026-09-30): EPS=0.30 | Chg30d=+14.68% | Revisions=+33% | Analysts=2
EPS current Year (2026-12-31): EPS=1.08 | Chg30d=+24.71% | Revisions=+33% | GrowthEPS=+89.7% | GrowthRev=+22.6%
EPS next Year (2027-12-31): EPS=1.59 | Chg30d=+32.18% | Revisions=+20% | GrowthEPS=+46.4% | GrowthRev=+18.8%
[Analyst] Revisions Ratio: +33%