(ASX) ASE Industrial Holding - Overview

Sector: Technology | Industry: Semiconductors | Exchange: NYSE (USA) | Market Cap: 46.868m USD | Total Return: 147.1% in 12m

Stock Semiconductor Packaging, Testing, EMS, Real Estate
Total Rating 58
Risk 82
Buy Signal -0.51
Semiconductors -12.8
Semiconductors -9.7
Market Cap: 46,868m
Avg Trading Vol: 157M USD
ATR: 4.01%
Peers RS (IBD): 93.8
Risk 5d forecast
Volatility41.3%
Rel. Tail Risk-3.86%
Reward TTM
Sharpe Ratio2.23
Alpha113.25
Character TTM
Beta1.861
Beta Downside1.270
Drawdowns 3y
Max DD40.64%
CAGR/Max DD1.10
EPS (Earnings per Share) EPS (Earnings per Share) of ASX over the last years for every Quarter: "2021-03": 0.14, "2021-06": 0.16, "2021-09": 0.23, "2021-12": 0.5, "2022-03": 0.21, "2022-06": 0.25, "2022-09": 0.26, "2022-12": 0.23, "2023-03": 0.09, "2023-06": 0.12, "2023-09": 0.13, "2023-12": 0.13, "2024-03": 0.08, "2024-06": 0.11, "2024-09": 0.13, "2024-12": 0.129, "2025-03": 0.1, "2025-06": 1.74, "2025-09": 2.41, "2025-12": 3.24, "2026-03": 0,
EPS CAGR: -55.15%
EPS Trend: 50.5%
Last SUE: -0.13
Qual. Beats: 0
Revenue Revenue of ASX over the last years for every Quarter: 2021-03: 120997.545, 2021-06: 126631.736, 2021-09: 150389.634, 2021-12: 171874.944, 2022-03: 147430.622, 2022-06: 161692.4879, 2022-09: 196614.071, 2022-12: 170733.788, 2023-03: 131088.867, 2023-06: 137868.127, 2023-09: 156525.233, 2023-12: 160581, 2024-03: 135231.986, 2024-06: 140901.463, 2024-09: 156404.299, 2024-12: 164487.328, 2025-03: 149483.134, 2025-06: 142514.935, 2025-09: 168569, 2025-12: 179596.474, 2026-03: null,
Rev. CAGR: 5.40%
Rev. Trend: 3.3%
Last SUE: 0.05
Qual. Beats: 0
Description: ASX ASE Industrial Holding March 06, 2026

ASE Technology Holding Co., Ltd. (ASX) provides semiconductor manufacturing services globally, including packaging and testing. The company operates in the semiconductor industry, which is cyclical and capital-intensive.

Its business model includes Electronic Manufacturing Services (EMS) for diverse applications like automotive and server technology, and offers turnkey solutions encompassing packaging, testing, and direct shipment to end-users. This integrated approach is common for large-scale contract manufacturers.

Beyond core semiconductor services, ASX engages in property leasing, real estate development, and other diversified activities. It also produces electronic components and antennas. These non-core ventures can provide additional revenue streams but also introduce complexity.

Further research on ValueRay can provide detailed financial metrics and competitive analysis for ASX.

Headlines to Watch Out For
  • Global semiconductor demand impacts packaging and testing services
  • EMS segment revenue tied to electronics manufacturing trends
  • Wafer and substrate material costs influence profit margins
  • Geopolitical tensions affect supply chain stability
  • Capital expenditure on advanced packaging technology drives growth
Piotroski VR‑10 (Strict, 0-10) 6.0
Net Income: 40.45b TTM > 0 and > 6% of Revenue
FCF/TA: -0.02 > 0.02 and ΔFCF/TA -2.42 > 1.0
NWC/Revenue: 10.85% < 20% (prev 7.43%; Δ 3.42% < -1%)
CFO/TA 0.15 > 3% & CFO 135.40b > Net Income 40.45b
Net Debt (171.63b) to EBITDA (121.32b): 1.41 < 3
Current Ratio: 1.28 > 1.5 & < 3
Outstanding Shares: last quarter (2.23b) vs 12m ago -49.28% < -2%
Gross Margin: 17.26% > 18% (prev 0.15%; Δ 1.71k% > 0.5%)
Asset Turnover: 78.55% > 50% (prev 80.60%; Δ -2.06% > 0%)
Interest Coverage Ratio: 9.79 > 6 (EBITDA TTM 121.32b / Interest Expense TTM 5.62b)
Altman Z'' 2.31
A: 0.08 (Total Current Assets 313.80b - Total Current Liabilities 244.35b) / Total Assets 889.33b
B: 0.13 (Retained Earnings 112.30b / Total Assets 889.33b)
C: 0.07 (EBIT TTM 54.99b / Avg Total Assets 815.02b)
D: 0.89 (Book Value of Equity 459.20b / Total Liabilities 515.97b)
Altman-Z'' Score: 2.31 = BBB
Beneish M -3.26
DSRI: 1.03 (Receivables 125.04b/113.42b, Revenue 640.16b/597.03b)
GMI: 0.89 (GM 17.26% / 15.38%)
AQI: 0.84 (AQ_t 0.16 / AQ_t-1 0.19)
SGI: 1.07 (Revenue 640.16b / 597.03b)
TATA: -0.11 (NI 40.45b - CFO 135.40b) / TA 889.33b)
Beneish M-Score: -3.26 (Cap -4..+1) = AA
What is the price of ASX shares? As of March 31, 2026, the stock is trading at USD 20.89 with a total of 7,479,809 shares traded.
Over the past week, the price has changed by -3.64%, over one month by -14.00%, over three months by +30.32% and over the past year by +147.12%.
Is ASX a buy, sell or hold? 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
What are the forecasts/targets for the ASX price?
ISSUER TARGET UP/DOWN
Wallstreet Target Price 23.3 11.6%
Analysts Target Price 23.3 11.6%
ASX Fundamental Data Overview March 28, 2026
Market Cap TWD = 1505.13b (46.87b USD * 32.114 USD.TWD)
P/E Trailing = 38.2679
P/E Forward = 12.3001
P/S = 0.0726
P/B = 4.3074
P/EG = 4.9625
Revenue TTM = 640.16b TWD
EBIT TTM = 54.99b TWD
EBITDA TTM = 121.32b TWD
Long Term Debt = 214.08b TWD (from longTermDebt, last quarter)
Short Term Debt = 50.02b TWD (from shortTermDebt, last quarter)
Debt = 264.10b TWD (from shortLongTermDebtTotal, last quarter)
Net Debt = 171.63b TWD (from netDebt column, last quarter)
Enterprise Value = 1667.53b TWD (1505.13b + Debt 264.10b - CCE 101.70b)
Interest Coverage Ratio = 9.79 (Ebit TTM 54.99b / Interest Expense TTM 5.62b)
EV/FCF = -111.8x (Enterprise Value 1667.53b / FCF TTM -14.91b)
FCF Yield = -0.89% (FCF TTM -14.91b / Enterprise Value 1667.53b)
FCF Margin = -2.33% (FCF TTM -14.91b / Revenue TTM 640.16b)
Net Margin = 6.32% (Net Income TTM 40.45b / Revenue TTM 640.16b)
Gross Margin = 17.26% ((Revenue TTM 640.16b - Cost of Revenue TTM 529.70b) / Revenue TTM)
Gross Margin QoQ = 19.52% (prev 17.13%)
Tobins Q-Ratio = 1.88 (Enterprise Value 1667.53b / Total Assets 889.33b)
Interest Expense / Debt = 0.65% (Interest Expense 1.73b / Debt 264.10b)
Taxrate = 17.79% (3.28b / 18.43b)
NOPAT = 45.21b (EBIT 54.99b * (1 - 17.79%))
Current Ratio = 1.28 (Total Current Assets 313.80b / Total Current Liabilities 244.35b)
Debt / Equity = 0.76 (Debt 264.10b / totalStockholderEquity, last quarter 346.90b)
Debt / EBITDA = 1.41 (Net Debt 171.63b / EBITDA 121.32b)
 Debt / FCF = -11.51 (negative FCF - burning cash) (Net Debt 171.63b / FCF TTM -14.91b)
 Total Stockholder Equity = 317.31b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.96% (Net Income 40.45b / Total Assets 889.33b)
RoE = 12.75% (Net Income TTM 40.45b / Total Stockholder Equity 317.31b)
RoCE = 10.35% (EBIT 54.99b / Capital Employed (Equity 317.31b + L.T.Debt 214.08b))
RoIC = 7.98% (NOPAT 45.21b / Invested Capital 566.78b)
WACC = 10.74% (E(1505.13b)/V(1769.23b) * Re(12.53%) + D(264.10b)/V(1769.23b) * Rd(0.65%) * (1-Tc(0.18)))
Discount Rate = 12.53% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -28.39%
 [DCF] Fair Price = unknown (Cash Flow -14.91b)
 EPS Correlation: 50.48 | EPS CAGR: -55.15% | SUE: -0.13 | # QB: 0
Revenue Correlation: 3.29 | Revenue CAGR: 5.40% | SUE: 0.05 | # QB: 0
EPS next Quarter (2026-06-30): EPS=0.18 | Chg7d=+0.004 | Chg30d=-0.006 | Revisions Net=+0 | Analysts=2
EPS current Year (2026-12-31): EPS=0.87 | Chg7d=+0.035 | Chg30d=+0.008 | Revisions Net=-1 | Growth EPS=+52.1% | Growth Revenue=+17.2%
EPS next Year (2027-12-31): EPS=1.20 | Chg7d=+0.200 | Chg30d=+0.200 | Revisions Net=+1 | Growth EPS=+38.2% | Growth Revenue=+14.3%
[Analyst] Revisions Ratio: -1.00 (0 Up / 1 Down within 30d for Current Year)
[Growth] Implied Growth Rate = 9.9% (Discount Rate 12.5% - Earnings Yield 2.6%)
[Growth] Growth Spread = +8.2% (Analyst 18.1% - Implied 9.9%)
Additional Sources for ASX Stock Fund Manager Positions: Dataroma · Stockcircle