ASX:NYE-ASE Technology Holding Co., Ltd (USD)

COMMON STOCK | Semiconductors | NYE

Last Closing Price

USD 7.27

Change

+0.40 (+5.82)%

Market Cap

USD 14.83B

Volume

5.11M

Average Target Price

N/A
Average Analyst Rating

N/A

Fundamental Analysis

Verdict

About

ASE Technology Holding Co., Ltd. provides a range of semiconductors packaging and testing, and electronic manufacturing services in the United States, Taiwan, rest of Asia, Europe, and internationally. The company offers packaging services, including flip chip ball grid array (BGA), flip chip chip scale package (CSP), advanced chip scale packages, quad flat packages, low profile and thin quad flat packages, bump chip carrier and quad flat no-lead (QFN) packages, advanced QFN packages, plastic BGAs, and 3D chip packages; stacked die solutions in various package types; and copper and silver wire bonding solutions. It also provides advanced packages, such as flip chip BGA; heat-spreader FCBGA; flip-chip CSP; hybrid FCCSP; flip chip package in package and package on package (POP); advanced single sided substrate; high-bandwidth POP; fan-out wafer-level packaging; SESUB; and 2.5D silicon interposer. In addition, the company offers IC wire bonding packages; system-in-package products (SiP) and modules; and interconnect materials, as well as assembles automotive electronic products. Further, it provides a range of semiconductor testing services, including front-end engineering testing, wafer probing, logic/mixed-signal/RF module and SiP/MEMS/discrete final testing, and other test-related services, as well as drop shipment services. Additionally, the company develops, constructs, sells, leases, and manages real estate properties; produces substrates; offers information software, equipment leasing, financing, investment advisory, and warehousing management services; processes and sells computer and communication peripherals, electronic components, telecommunications equipment, and motherboards; and imports and exports goods and technology. ASE Technology Holding Co., Ltd. was incorporated in 1984 and is headquartered in Kaohsiung, Taiwan.

Technical Indicators

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2021-05-13 )

Largest Industry Peers for Semiconductors

Symbol Name Price(Change) Market Cap Price / Earning Ratio EV/EBITDA
TSM Taiwan Semiconductor Manufactu..

+0.54 (+0.50%)

USD552.05B 30.09 0.59
STM STMicroelectronics N.V

+0.48 (+1.40%)

USD30.59B 24.88 12.31
UMC United Microelectronics Corpor..

+0.22 (+2.65%)

USD20.10B 15.09 0.23
VSH Vishay Intertechnology, Inc

+0.60 (+2.67%)

USD3.25B 19.53 7.50
ONTO Onto Innovation Inc

+1.38 (+2.43%)

USD2.95B 519.67 21.11
MXL MaxLinear, Inc

+0.65 (+2.03%)

USD2.41B 98.20 285.59
MX Magnachip Semiconductor Corpor..

-0.69 (-2.89%)

USD1.11B 3.14 20.27
NPTN NeoPhotonics Corporation

+0.10 (+1.14%)

USD0.45B 51.67 35.49
SQNS Sequans Communications S.A

-0.09 (-1.84%)

USD0.17B N/A N/A
INTT inTEST Corporation

+0.24 (+1.98%)

USD0.13B 51.57 41.36

ETFs Containing ASX

Symbol Name Weight Mer Price(Change) Market Cap
JPGE JPMorgan Diversified Retu.. 0.00 % 0.29 %

N/A

USD0.07B
NXTG First Trust IndXX NextG E.. 0.00 % 0.70 %

+0.56 (+0.80%)

USD1.02B
H4ZU:F HSBC MSCI Taiwan UCITS Ca.. 0.00 % 0.50 %

+0.79 (+1.53%)

USD0.02B

Market Performance

  Market Performance vs.
Industry/Classification (Semiconductors)
Market Performance vs. Exchange
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain 24.49% 82% B- 80% B-
Dividend Return N/A N/A N/A N/A N/A
Total Return 24.49% 82% B- 79% C+
Trailing 12 Months  
Capital Gain 63.74% 45% F 65% D
Dividend Return 3.07% 60% D- 42% F
Total Return 66.81% 45% F 65% D
Trailing 5 Years  
Capital Gain 64.85% 33% F 66% D
Dividend Return 13.47% 40% F 45% F
Total Return 78.32% 44% F 65% D
Average Annual (5 Year Horizon)  
Capital Gain 3.67% 18% F 54% F
Dividend Return 2.12% 60% D- 50% F
Total Return 5.79% 27% F 51% F
Risk Return Profile  
Volatility (Standard Deviation) 33.54% 91% A- 29% F
Risk Adjusted Return 17.26% 27% F 33% F
Market Capitalization 14.83B 73% C 86% B
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 87%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%

Key Financial Ratios

  Ratio vs. Industry/Classification
(Semiconductors)
Ratio vs. Market
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
Market Value  
Price / Earning Ratio 12.96 90% A- 68% D+
Price/Book Ratio 2.02 100% A+ 50% F
Price / Cash Flow Ratio 0.20 91% A- 81% B-
EV/EBITDA 0.25 90% A- 96% A
Management Effectiveness  
Return on Equity 14.70% 60% D- 75% C
Return on Invested Capital 6.24% 55% F 60% D-
Return on Assets 4.23% 64% D 73% C
Debt to Equity Ratio 72.00% 25% F 49% F
Technical Ratios  
Short Ratio 2.77 45% F 41% F
Short Percent N/A N/A N/A N/A N/A
Beta 1.31 55% F 34% F
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 97%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%

Annual Financials (USD)

Quarterly Financials (USD)

Analyst Rating

Target Price Action Rating Action Analyst Rating Price Date

Fundamental Analysis Breakdown

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
Low volatility

The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.

Underpriced compared to earnings

The stock is trading low compared to its peers on a price to earning basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Underpriced compared to book value

The stock is trading low compared to its peers on a price to book value basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Underpriced on cashflow basis

The stock is trading low compared to its peers on a price to cash flow basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Positive cash flow

The company had positive total cash flow in the most recent four quarters.

Positive free cash flow

The company had positive total free cash flow in the most recent four quarters.

Underpriced on free cash flow basis

The stock is trading low compared to its peers on a price to free cash flow basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Superior Revenue Growth

This stock has shown top quartile revenue growth in the previous 5 years compared to its sector.

What to not like:
Poor risk adjusted returns

This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns , the returns are unpredictable. Proceed with caution.

Below median dividend returns

The company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.

Highly leveraged

The company is in the bottom half compared to its sector peers on debt to equity and is highly leveraged. However, do check the news and look at its sector and management statements. Sometimes this is high because the company is trying to grow aggressively.

Low Dividend Growth

This stock has shown below median dividend growth in the previous 5 years compared to its sector.