ASX Stock Analysis: ASE Industrial Holding | NYSE
Semiconductors | NYSE, USA | Market Cap: 80.825m USD | 12M Return: 249.3% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 413M
EPS Trend: 3.7%
Qual. Beats: 1
Rev. Trend: 59.2%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
ASE Technology Holding Co., Ltd. is a Taiwan-based provider of outsourced semiconductor assembly, packaging, and testing services, operating across the United States, Taiwan, the rest of Asia, and Europe. The company operates through three core segments: Packaging, Testing, and Electronic Manufacturing Services (EMS), serving clients in computing, peripherals, communications, industrial, automotive, and server end-markets.
The companys offerings span the full semiconductor back-end value chain, including wafer probing, front-end engineering testing, final testing, wire bonding, advanced packaging, and heterogeneous integration, as well as turnkey solutions that cover packaging, testing, and direct shipment to end customers. ASE is generally recognized as one of the worlds largest independent OSAT (Outsourced Semiconductor Assembly and Test) providers, a segment of the semiconductor supply chain that sits between wafer fabrication and final device assembly.
In addition to its core semiconductor services, ASE maintains a diversified portfolio that includes substrate production, design and manufacturing of electronic components, antennas, RF amplifiers, PCBs, and tuners, as well as research and development activities. The company also engages in real estate, property leasing, property development, and commercial complex management.
Founded in 1984 and headquartered in Kaohsiung, Taiwan, ASE Technology Holding is classified under the GICS Information Technology sector, specifically within the Semiconductors sub-industry, and trades on the NYSE under the ticker ASX.
- AI and HPC chip demand boosts advanced packaging revenue
- Smartphone packaging volumes track consumer electronics cycle
- Automotive and server testing demand accelerates segment diversification
| Net Income: 47.1b TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.01 > 0.02 and ΔFCF/TA 0.88 > 1.0 |
| NWC/Revenue: 6.48% < 20% (prev 1.78%; Δ 4.70% < -1%) |
| CFO/TA 0.16 > 3% & CFO 152b > Net Income 47.1b |
| Net Debt (151b) to EBITDA (133b): 1.14 < 3 |
| Current Ratio: 1.15 > 1.5 & < 3 |
| Outstanding Shares: last quarter (2.24b) vs 12m ago 1.95% < -2% |
| Gross Margin: 18.32% > 18% (prev 15.63%; Δ 2.69% > 0.5%) |
| Asset Turnover: 76.94% > 50% (prev 78.96%; Δ -2.01% > 0%) |
| Interest Coverage Ratio: 10.65 > 6 (EBIT TTM 63.4b / Interest Expense TTM 5.95b) |
| A: 0.05 (Total Current Assets 338b - Total Current Liabilities 294b) / Total Assets 957b |
| B: 0.10 (Retained Earnings 97.0b / Total Assets 957b) |
| C: 0.07 (EBIT TTM 63.4b / Avg Total Assets 866b) |
| D: 0.61 (Book Value of Equity 351b / Total Liabilities 576b) |
| Altman-Z'' = 1.76 = BBB |
| DSRI: 1.05 (Receivables 126b/110b, Revenue 666b/611b) |
| GMI: 0.85 (GM 15.63% / 18.32%) |
| AQI: 0.84 (AQ_t 0.15 / AQ_t-1 0.18) |
| SGI: 1.09 (Revenue 666b / 611b) |
| TATA: -0.11 (NI 47.1b - CFO 152b) / TA 957b) |
| Beneish M = -3.15 (Cap -4..+1) = AA |
As of July 28, 2026, the stock is trading at USD 36.55 with a total of 6,827,465 shares traded. Over the past week, the price has changed by -0.95%, over one month by -12.37%, over three months by +19.67% and over the past year by +249.27%.
Current recommended Stop Loss: 33.00 (which is 9.7% or 1.4 ATR below the current price).
ASE Industrial Holding has received a consensus analysts rating of 4.67. Therefore, it is recommended to buy ASX.
- StrongBuy: 2
- Buy: 1
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 42.5 | 16.2% |
Market Cap TWD = 2613b (80.8b USD * 32.328 USD.TWD)
P/E Trailing = 58.4762
P/E Forward = 12.3001
P/S = 0.1205
P/B = 7.471
P/EG = 4.9625
Revenue TTM = 666b TWD
EBIT TTM = 63.4b TWD
EBITDA TTM = 133b TWD
Long Term Debt = 201b TWD (from longTermDebt, last quarter)
Short Term Debt = 55.8b TWD (from shortTermDebt, last quarter)
Debt = 265b TWD (from shortLongTermDebtTotal, last quarter) + Leases 8.38b
Net Debt = 151b TWD (calculated: Debt 265b - CCE 114b)
Enterprise Value = 2764b TWD (2613b + Debt 265b - CCE 114b)
Interest Coverage Ratio = 10.65 (Ebit TTM 63.4b / Interest Expense TTM 5.95b)
EV/FCF = -330.7x (Enterprise Value 2764b / FCF TTM -8.36b)
FCF Yield = -0.30% (FCF TTM -8.36b / Enterprise Value 2764b)
FCF Margin = -1.25% (FCF TTM -8.36b / Revenue TTM 666b)
Net Margin = 7.07% (Net Income TTM 47.1b / Revenue TTM 666b)
Gross Margin = 18.32% ((Revenue TTM 666b - Cost of Revenue TTM 544b) / Revenue TTM)
Gross Margin QoQ = 20.07% (prev 19.52%)
Tobins Q-Ratio = 2.89 (Enterprise Value 2764b / Total Assets 957b)
Interest Expense / Debt = 2.24% (Interest Expense 5.95b / Debt 265b)
Taxrate = 18.57% (11.1b / 59.5b)
NOPAT = 51.6b (EBIT 63.4b * (1 - 18.57%))
Current Ratio = 1.15 (Total Current Assets 338b / Total Current Liabilities 294b)
Debt / Equity = 0.76 (Debt 265b / totalStockholderEquity, last quarter 351b)
Debt / EBITDA = 1.14 (Net Debt 151b / EBITDA 133b)
Debt / FCF = -18.10 (negative FCF - burning cash) (Net Debt 151b / FCF TTM -8.36b)
Total Stockholder Equity = 327b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.44% (Net Income 47.1b / Total Assets 957b)
RoE = 14.41% (Net Income TTM 47.1b / Total Stockholder Equity 327b)
RoCE = 12.00% (EBIT 63.4b / Capital Employed (Equity 327b + L.T.Debt 201b))
RoIC = 7.53% (NOPAT 51.6b / Invested Capital 685b)
WACC = 12.59% (E(2613b)/V(2878b) * Re(13.68%) + D(265b)/V(2878b) * Rd(2.24%) * (1-Tc(0.19)))
Discount Rate = 13.68% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: -41.63 | Cagr: -25.52%
[DCF] Fair Price = unknown (Cash Flow -8.36b)
EPS Correlation: 3.69 | EPS CAGR: 0.67% | SUE: 1.10 | # QB: 1
Revenue Correlation: 59.23 | Revenue CAGR: 2.66% | SUE: 0.11 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.20 | Chg30d=-2.21% | Revisions=-25% | Analysts=1
EPS next Quarter (2026-09-30): EPS=0.30 | Chg30d=+2.88% | Revisions=+25% | Analysts=1
EPS current Year (2026-12-31): EPS=1.06 | Chg30d=+0.86% | Revisions=+25% | GrowthEPS=+84.8% | GrowthRev=+22.8%
EPS next Year (2027-12-31): EPS=1.95 | Chg30d=+35.84% | Revisions=+25% | GrowthEPS=+84.3% | GrowthRev=+21.1%