ASE TECHNOLOGY HOLDING -ADR (ASX) Stock Fundamental Analysis
USA - NYSE:ASX - US00215W1009 - ADR
12.72 USD
+0.14 (+1.11%)
12.6801 USD
-0.04 (-0.31%)
ASX gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 112 industry peers in the Semiconductors & Semiconductor Equipment industry. While ASX is still in line with the averages on profitability rating, there are concerns on its financial health. ASX is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
Each year in the past 5 years ASX has been profitable.
Each year in the past 5 years ASX had a positive operating cash flow.
1.2 Ratios
ASX has a better Return On Assets (4.46%) than 68.75% of its industry peers.
ASX has a Return On Equity of 11.61%. This is in the better half of the industry: ASX outperforms 76.79% of its industry peers.
ASX's Return On Invested Capital of 6.22% is fine compared to the rest of the industry. ASX outperforms 70.54% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for ASX is below the industry average of 10.98%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.46% | ||
| ROE | 11.61% | ||
| ROIC | 6.22% |
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 (5.49%) which is in line with its industry peers.
ASX's Profit Margin has improved in the last couple of years.
ASX's Operating Margin of 6.85% is fine compared to the rest of the industry. ASX outperforms 60.71% of its industry peers.
In the last couple of years the Operating Margin of ASX has grown nicely.
ASX's Gross Margin of 16.68% is on the low side compared to the rest of the industry. ASX is outperformed by 83.04% of its industry peers.
In the last couple of years the Gross Margin of ASX has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.85% | ||
| PM (TTM) | 5.49% | ||
| GM | 16.68% |
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
The number of shares outstanding for ASX has been increased compared to 1 year ago.
The number of shares outstanding for ASX has been increased compared to 5 years ago.
Compared to 1 year ago, ASX has a worse debt to assets ratio.
2.2 Solvency
A Debt/Equity ratio of 0.74 indicates that ASX is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.74, ASX is doing worse than 77.68% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.74 | ||
| Debt/FCF | N/A | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
ASX has a Current Ratio of 1.02. This is a normal value and indicates that ASX is financially healthy and should not expect problems in meeting its short term obligations.
With a Current ratio value of 1.02, ASX is not doing good in the industry: 91.07% of the companies in the same industry are doing better.
ASX has a Quick Ratio of 1.02. This is a bad value and indicates that ASX is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.79, ASX is doing worse than 91.96% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.02 | ||
| Quick Ratio | 0.79 |
3. Growth
3.1 Past
ASX shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 5.73%.
The Earnings Per Share has been growing by 13.35% on average over the past years. This is quite good.
ASX shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -13.78%.
The Revenue has been growing slightly by 7.58% on average over the past years.
EPS 1Y (TTM)5.73%
EPS 3Y-20.43%
EPS 5Y13.35%
EPS Q2Q%-2.86%
Revenue 1Y (TTM)-13.78%
Revenue growth 3Y1.46%
Revenue growth 5Y7.58%
Sales Q2Q%7.5%
3.2 Future
ASX is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 29.29% yearly.
ASX is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 10.29% yearly.
EPS Next Y12.79%
EPS Next 2Y28.67%
EPS Next 3Y29.29%
EPS Next 5YN/A
Revenue Next Year6.83%
Revenue Next 2Y8.91%
Revenue Next 3Y10.29%
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 accelerating.
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 29.29% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y28.67%
EPS Next 3Y29.29%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.96%, ASX has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 2.14, ASX pays a better dividend. On top of this ASX pays more dividend than 93.75% of the companies listed in the same industry.
ASX's Dividend Yield is a higher than the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.96% |
5.2 History
On average, the dividend of ASX grows each year by 63.82%, which is quite nice.
ASX has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)63.82%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
ASX pays out 65.83% of its income as dividend. This is not a sustainable payout ratio.
The dividend of ASX is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP65.83%
EPS Next 2Y28.67%
EPS Next 3Y29.29%
12.72
+0.14 (+1.11%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners32.8%
Inst Owner Change0.57%
Ins Owners0.2%
Ins Owner ChangeN/A
Market Cap27.66B
Analysts82.31
Price Target12 (-5.66%)
Short Float %0.89%
Short Ratio2.12
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.96% |
Yearly DividendN/A
Dividend Growth(5Y)63.82%
DP65.83%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-18.35%
Min EPS beat(2)-25.64%
Max EPS beat(2)-11.06%
EPS beat(4)1
Avg EPS beat(4)-8.86%
Min EPS beat(4)-25.64%
Max EPS beat(4)1.68%
EPS beat(8)3
Avg EPS beat(8)-3.78%
EPS beat(12)7
Avg EPS beat(12)1.02%
EPS beat(16)10
Avg EPS beat(16)6.73%
Revenue beat(2)1
Avg Revenue beat(2)-0.65%
Min Revenue beat(2)-1.94%
Max Revenue beat(2)0.64%
Revenue beat(4)2
Avg Revenue beat(4)-0.49%
Min Revenue beat(4)-1.94%
Max Revenue beat(4)0.64%
Revenue beat(8)2
Avg Revenue beat(8)-0.99%
Revenue beat(12)3
Avg Revenue beat(12)-0.98%
Revenue beat(16)5
Avg Revenue beat(16)-0.67%
PT rev (1m)0.99%
PT rev (3m)-0.65%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-31.8%
EPS NY rev (1m)-1.18%
EPS NY rev (3m)-24.95%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-5.22%
Revenue NY rev (1m)-0.49%
Revenue NY rev (3m)-3.43%
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 | 4.46% | ||
| ROE | 11.61% | ||
| ROCE | 8.24% | ||
| ROIC | 6.22% | ||
| ROICexc | 7.24% | ||
| ROICexgc | 8.41% | ||
| OM | 6.85% | ||
| PM (TTM) | 5.49% | ||
| GM | 16.68% | ||
| 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-Score4
Asset Turnover0.81
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.74 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 2.06 | ||
| Cap/Depr | 214.34% | ||
| Cap/Sales | 21.75% | ||
| Interest Coverage | 6.07 | ||
| Cash Conversion | 108.08% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.02 | ||
| Quick Ratio | 0.79 | ||
| Altman-Z | N/A |
F-Score4
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)5.73%
EPS 3Y-20.43%
EPS 5Y13.35%
EPS Q2Q%-2.86%
EPS Next Y12.79%
EPS Next 2Y28.67%
EPS Next 3Y29.29%
EPS Next 5YN/A
Revenue 1Y (TTM)-13.78%
Revenue growth 3Y1.46%
Revenue growth 5Y7.58%
Sales Q2Q%7.5%
Revenue Next Year6.83%
Revenue Next 2Y8.91%
Revenue Next 3Y10.29%
Revenue Next 5YN/A
EBIT growth 1Y-9.92%
EBIT growth 3Y-14.25%
EBIT growth 5Y10.73%
EBIT Next Year178.53%
EBIT Next 3Y62.2%
EBIT Next 5YN/A
FCF growth 1Y-142.77%
FCF growth 3Y1.13%
FCF growth 5Y-7.97%
OCF growth 1Y-1.2%
OCF growth 3Y3.56%
OCF growth 5Y4.66%