ASE TECHNOLOGY HOLDING -ADR (ASX) Stock Fundamental Analysis
NYSE:ASX - New York Stock Exchange, Inc. - US00215W1009 - ADR - Currency: USD
Overall ASX gets a fundamental rating of 4 out of 10. We evaluated ASX against 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 expensive, but it does show an excellent growth.
1. Profitability
1.1 Basic Checks
In the past 5 years ASX has always been profitable.
Each year in the past 5 years ASX had a positive operating cash flow.
1.2 Ratios
ASX has a Return On Assets of 5.17%. This is in the better half of the industry: ASX outperforms 66.36% of its industry peers.
ASX's Return On Equity of 12.85% is fine compared to the rest of the industry. ASX outperforms 77.27% of its industry peers.
The Return On Invested Capital of ASX (7.12%) is better than 73.64% of its industry peers.
The Average Return On Invested Capital over the past 3 years for ASX is below the industry average of 10.57%.
| 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's Profit Margin of 5.38% is in line compared to the rest of the industry. ASX outperforms 54.55% of its industry peers.
In the last couple of years the Profit Margin of ASX has grown nicely.
With a Operating Margin value of 6.57%, ASX perfoms like the industry average, outperforming 57.27% of the companies in the same industry.
ASX's Operating Margin has improved in the last couple of years.
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.
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 | 6.57% | ||
| 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
The number of shares outstanding for ASX has been increased compared to 1 year ago.
ASX has more shares outstanding than it did 5 years ago.
ASX has a worse debt/assets ratio than last year.
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
A Current Ratio of 1.04 indicates that ASX should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.04, ASX is doing worse than 92.73% of the companies in the same industry.
ASX has a Quick Ratio of 1.04. This is a bad value and indicates that ASX is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of ASX (0.82) is worse than 91.82% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.04 | ||
| Quick Ratio | 0.82 |
3. Growth
3.1 Past
ASX shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 6.28%.
ASX shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 13.35% yearly.
The Revenue has grown by 27.36% in the past year. This is a very strong growth!
Measured over the past years, ASX shows a small growth in Revenue. The Revenue has been growing by 7.58% on average per year.
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.
ASX is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 11.74% yearly.
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
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 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 3.66%. 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 2.50. ASX pays more dividend than 94.55% of the companies in the same industry.
ASX's Dividend Yield is rather good when compared to the S&P500 average which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.66% |
5.2 History
The dividend of ASX is nicely growing with an annual growth rate of 63.82%!
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 56.10% of its income as dividend. This is a bit on the high side, but may be sustainable.
The dividend of ASX is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP56.1%
EPS Next 2Y40.04%
EPS Next 3Y32.79%
10.36
+0.31 (+3.08%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners31.68%
Inst Owner Change4.67%
Ins Owners0.19%
Ins Owner ChangeN/A
Market Cap22.50B
Analysts83.85
Price Target11.54 (11.39%)
Short Float %0.96%
Short Ratio1.12
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.66% |
Yearly DividendN/A
Dividend Growth(5Y)63.82%
DP56.1%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
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)-0.18%
PT rev (3m)-1.7%
EPS NQ rev (1m)-1.99%
EPS NQ rev (3m)-2.36%
EPS NY rev (1m)0%
EPS NY rev (3m)-1.37%
Revenue NQ rev (1m)-1.11%
Revenue NQ rev (3m)-1.6%
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%