ASE TECHNOLOGY HOLDING -ADR (ASX) Stock Fundamental Analysis
NYSE:ASX - US00215W1009 - ADR
9.97 USD
-0.05 (-0.5%)
10 USD
+0.03 (+0.3%)
Taking everything into account, ASX scores 4 out of 10 in our fundamental rating. ASX was compared to 110 industry peers in the Semiconductors & Semiconductor Equipment industry. ASX has a medium profitability rating, but doesn't score so well on its financial health evaluation. 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's Return On Assets of 4.46% is fine compared to the rest of the industry. ASX outperforms 67.27% of its industry peers.
ASX's Return On Equity of 11.61% is fine compared to the rest of the industry. ASX outperforms 77.27% of its industry peers.
Looking at the Return On Invested Capital, with a value of 6.22%, ASX is in the better half of the industry, outperforming 70.00% of the companies in the same industry.
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.
Looking at the Operating Margin, with a value of 6.85%, ASX is in line with its industry, outperforming 57.27% of the companies in the same industry.
ASX's Operating Margin has improved in the last couple of years.
The Gross Margin of ASX (16.68%) is worse than 83.64% of its industry peers.
ASX's Gross Margin has been stable in the last couple of years.
| 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.
Compared to 5 years ago, ASX has more shares outstanding
The debt/assets ratio for ASX is higher compared to a year ago.
2.2 Solvency
A Debt/Equity ratio of 0.74 indicates that ASX is somewhat dependend on debt financing.
ASX's Debt to Equity ratio of 0.74 is on the low side compared to the rest of the industry. ASX is outperformed by 80.00% of its industry peers.
| 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.
ASX has a Current ratio of 1.02. This is amonst the worse of the industry: ASX underperforms 92.73% of its industry peers.
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.
ASX has a worse Quick ratio (0.79) than 92.73% of its industry peers.
| 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%.
ASX shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 13.35% yearly.
Looking at the last year, ASX shows a very negative growth in Revenue. The Revenue has decreased by -13.78% in the last year.
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)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
Based on estimates for the next years, ASX will show a very strong growth in Earnings Per Share. The EPS will grow by 29.05% on average per year.
Based on estimates for the next years, ASX will show a quite strong growth in Revenue. The Revenue will grow by 10.67% on average per year.
EPS Next Y14.14%
EPS Next 2Y28.42%
EPS Next 3Y29.05%
EPS Next 5YN/A
Revenue Next Year7.53%
Revenue Next 2Y9.29%
Revenue Next 3Y10.67%
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
ASX's earnings are expected to grow with 29.05% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y28.42%
EPS Next 3Y29.05%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.68%, ASX has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 2.43, ASX pays a better dividend. On top of this ASX pays more dividend than 94.55% of the companies listed in the same industry.
ASX's Dividend Yield is rather good when compared to the S&P500 average which is at 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.68% |
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 65.83% of its income as dividend. This is not a sustainable payout ratio.
ASX's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP65.83%
EPS Next 2Y28.42%
EPS Next 3Y29.05%
9.97
-0.05 (-0.5%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners31.68%
Inst Owner Change-4.32%
Ins Owners0.19%
Ins Owner ChangeN/A
Market Cap21.68B
Analysts82.31
Price Target11.88 (19.16%)
Short Float %1.01%
Short Ratio1.74
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.68% |
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)2.83%
PT rev (3m)2.81%
EPS NQ rev (1m)-31.75%
EPS NQ rev (3m)-37.3%
EPS NY rev (1m)-24.05%
EPS NY rev (3m)-24.05%
Revenue NQ rev (1m)-5.22%
Revenue NQ rev (3m)-8.76%
Revenue NY rev (1m)-2.8%
Revenue NY rev (3m)-2.8%
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 Y14.14%
EPS Next 2Y28.42%
EPS Next 3Y29.05%
EPS Next 5YN/A
Revenue 1Y (TTM)-13.78%
Revenue growth 3Y1.46%
Revenue growth 5Y7.58%
Sales Q2Q%7.5%
Revenue Next Year7.53%
Revenue Next 2Y9.29%
Revenue Next 3Y10.67%
Revenue Next 5YN/A
EBIT growth 1Y-9.92%
EBIT growth 3Y-14.25%
EBIT growth 5Y10.73%
EBIT Next Year203.61%
EBIT Next 3Y58.18%
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%