ASE TECHNOLOGY HOLDING -ADR (ASX)
US00215W1009 - ADR
We assign a fundamental rating of 3 out of 10 to ASX. ASX was compared to 107 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 valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
ASX had positive earnings in each of the past 5 years.
ASX had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
ASX's Return On Assets of 4.76% is in line compared to the rest of the industry. ASX outperforms 57.55% of its industry peers.
With a decent Return On Equity value of 10.65%, ASX is doing good in the industry, outperforming 66.04% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 6.60%, ASX is in the better half of the industry, outperforming 62.26% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for ASX is in line with the industry average of 11.07%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.76% | ||
| ROE | 10.65% | ||
| ROIC | 6.6% |
ROA(3y)7.68%
ROA(5y)6.16%
ROE(3y)18.61%
ROE(5y)15.37%
ROIC(3y)9.59%
ROIC(5y)7.85%
1.3 Margins
With a Profit Margin value of 5.45%, ASX perfoms like the industry average, outperforming 54.72% of the companies in the same industry.
ASX's Profit Margin has declined in the last couple of years.
ASX has a Operating Margin (6.93%) which is comparable to the rest of the industry.
ASX's Operating Margin has been stable in the last couple of years.
Looking at the Gross Margin, with a value of 15.77%, ASX is doing worse than 87.74% 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 | 6.93% | ||
| PM (TTM) | 5.45% | ||
| GM | 15.77% |
OM growth 3Y-1.77%
OM growth 5Y-0.71%
PM growth 3Y-1.96%
PM growth 5Y-4.34%
GM growth 3Y-1.2%
GM growth 5Y-0.88%
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 has remained at the same level compared to a year ago.
2.2 Solvency
The Debt to FCF ratio of ASX is 3.00, which is a good value as it means it would take ASX, 3.00 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of ASX (3.00) is better than 63.21% of its industry peers.
A Debt/Equity ratio of 0.50 indicates that ASX is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.50, ASX is doing worse than 71.70% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.5 | ||
| Debt/FCF | 3 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
ASX has a Current Ratio of 1.18. 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 worse Current ratio (1.18) than 86.79% of its industry peers.
A Quick Ratio of 0.89 indicates that ASX may have some problems paying its short term obligations.
ASX's Quick ratio of 0.89 is on the low side compared to the rest of the industry. ASX is outperformed by 85.85% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.18 | ||
| Quick Ratio | 0.89 |
3. Growth
3.1 Past
ASX shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -48.83%.
The Earnings Per Share has been growing slightly by 3.96% on average over the past years.
The Revenue for ASX has decreased by -13.26% in the past year. This is quite bad
ASX shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 9.41% yearly.
EPS 1Y (TTM)-48.83%
EPS 3Y4.34%
EPS 5Y3.96%
EPS growth Q2Q-40.83%
Revenue 1Y (TTM)-13.26%
Revenue growth 3Y6.85%
Revenue growth 5Y9.41%
Revenue growth Q2Q-9.49%
3.2 Future
ASX is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 30.66% yearly.
ASX is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 10.36% yearly.
EPS Next Y36.14%
EPS Next 2Y35.82%
EPS Next 3Y30.66%
EPS Next 5YN/A
Revenue Next Year8.63%
Revenue Next 2Y11.72%
Revenue Next 3Y10.36%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
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 30.66% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y35.82%
EPS Next 3Y30.66%
5. Dividend
5.1 Amount
ASX has a Yearly Dividend Yield of 3.44%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 2.09, ASX pays a better dividend. On top of this ASX pays more dividend than 95.28% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.45, ASX pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.44% |
5.2 History
The dividend of ASX is nicely growing with an annual growth rate of 63.82%!
ASX has been paying a dividend for at least 10 years, so it has a reliable track record.
ASX has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)63.82%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
119.28% of the earnings are spent on dividend by ASX. 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.
DP119.28%
EPS Next 2Y35.82%
EPS Next 3Y30.66%
ASE TECHNOLOGY HOLDING -ADR
NYSE:ASX (4/24/2024, 11:12:07 AM)
10.235
-0.09 (-0.82%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap22.10B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.44% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.76% | ||
| ROE | 10.65% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 6.93% | ||
| PM (TTM) | 5.45% | ||
| GM | 15.77% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.87
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.5 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.18 | ||
| Quick Ratio | 0.89 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-48.83%
EPS 3Y4.34%
EPS 5Y
EPS growth Q2Q
EPS Next Y36.14%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-13.26%
Revenue growth 3Y6.85%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y