ASX
ASE Technology Holding Co Ltd
$39.94
▲ 8.2%Updated Today 3:42 PM ET
ASX at a glance — five pillars scored 0–100 from real filed financials.
Overall: Weak · 40/100. A wider, greener shape means more pillars look healthy. Dividends scores 0 when a company pays none — that is a choice, not a flaw.
▲ Up 323.0% over the last 12 months
Market Cap
$92.77B
P/E
67.51x
Forward P/E (est.)
57.99x
ROE
14.4%
Revenue Growth
9.8%
EPS Growth
16.4%
Profit Margin
7.0%
FCF Yield
—
Debt / Equity
0.76x
ROIC
7.0%
Interest Coverage
6.88x
Current Ratio
1.26x
Dividend Yield
1.0%
Implied Growth (rev. DCF)
—
Rating Score
40/100
ASE Technology Holding Co Ltd (ASX) is a large-cap company in the Semiconductors industry, part of the Information Technology sector of the S&P 500, with a market value around $92.77B.
In its latest reported year it generated about $20.01B in revenue and $1.24B in net profit.
Our model rates ASX Weak (40/100) on growth, profitability, financial health, and valuation. The summary below is built from its filed financials and current ratios and refreshes automatically.
Evidence of durable competitive advantage in the filed financials (10 years of history).
Some durable-advantage evidence, but not across the board — dig into which ingredient is weak and whether it's cyclical or structural.
16.6% average over the last 3 years
±1.6 pts around 17.5% across 10 years
grew in 8 of the last 9 year-over-year periods
positive in 9 of 10 years
7.0% latest fiscal year
A moat can't be proven by numbers alone — this scores the evidence a durable advantage leaves behind (pricing power, consistency, returns on capital), computed the same way for every stock. Pair it with the business overview before concluding anything.
Technical analysis reads price and volume to judge momentum and timing. It complements the fundamentals above — it does not replace them. Here is what ASX's chart says today, with each tool explained.
Trend — moving averages. A moving average is the average closing price over a window, which smooths out daily noise. ASX trades near $39.94, above its 50-day average ($36.44) and 200-day average ($22.59). Price above both averages, with the shorter one above the longer, is the textbook definition of an uptrend — momentum favours buyers.
Momentum — RSI. The Relative Strength Index runs 0–100 and measures how strong recent gains are versus losses. Above 70 is "overbought", below 30 "oversold". At 61 it is in neutral territory — neither stretched nor washed out.
MACD. MACD compares two moving averages to flag shifts in momentum. Its histogram is currently positive — short-term momentum is improving.
Volatility — ATR. Average True Range is the typical daily move. ASX's is $2.91 (~7.3% of price), so swings of about that size each day are normal — handy for setting a stop that isn't too tight.
Support & resistance. Over the last month ASX found buyers near $32.73 (support) and sellers near $45.52 (resistance); its 52-week range is $9.30–$45.52. A decisive break beyond either edge often marks the next move.
Volume. The latest session traded 0.4× the 20-day average — lighter than usual, so the move carries less conviction. Rising volume on up-days suggests real buying; on down-days, real selling.
Educational information to help you read a chart — not a recommendation or a forecast. It updates daily as the price and indicators change.
4Y CAGR
3.2%
Revenue moved from $8.52B in 2016 to $20.01B in 2025, a 9.9% compound annual growth rate. The most recent year grew a steady 9.8% year over year. Slower, mature growth is common for established businesses.
Gross Margin
17.7%
Operating Margin
8.0%
Net Margin
6.2%
ROE
14.4%
ASE Technology Holding Co Ltd keeps about 7.0% of each sales dollar as net profit, with a 17.7% gross margin and 8.0% operating margin. Return on equity is 14.4% and return on invested capital about 7.0%. Margins are moderate — typical of a competitive but profitable business.
Total Debt
$6.46B
Net Debt
$3.51B
Net Debt / EBITDA
2.2x
Debt / Equity
0.76x
Leverage: debt-to-equity is 0.8x, and operating profit covers interest about 6.9x, with a current ratio of 1.3x. That is a moderate, manageable debt load for most businesses. It carries roughly $6.46B of total debt against $2.95B of cash.
Operating CF
$4.41B
Free Cash Flow
-$694.19M
FCF Margin
-3.5%
In the latest year ASE Technology Holding Co Ltd produced about $4.41B of operating cash flow but negative free cash flow as it invested heavily. Cash flow is what ultimately pays shareholders, so it is worth tracking over time.
Can the payout survive a bad year? Scored from filed cash flow, earnings coverage, and the raise/cut record.
Coverage is weak, the payout was cut recently, or it's being financed rather than earned — treat the current yield as fragile.
Dividend yield
1.0%
Per share (latest FY)
$0.16
Total paid (latest FY)
$714.05M
History on record
10 years
free cash flow was negative in the latest year — the dividend is being financed
58% of net income paid out
total dividends increased 1 year in a row
payout was cut at least once in the last 10 years
Coverage uses the latest fiscal year as filed with the SEC; the streak counts total dollars paid (per-share figures can carry split artifacts). Educational information, not income advice.
P/E
67.51x
P/S
4.94x
P/B
3.13x
EV / EBITDA
25.41x
ASX trades at 67.5x trailing earnings (about 58.0x on estimated forward earnings), 4.9x sales, and 3.1x book value. That is a rich multiple that prices in a lot of future growth.
Where ASX sits versus its Information Technology sector peers in the S&P 500.
Bands show the middle half (25th–75th percentile) of the 98 Information Technology companies in the S&P 500 — the peer-relative anchor professional comps analysis uses. Context only — not investment advice.
How ASX stacks up against its Information Technology peers — valuation, profitability, and growth versus the sector median.
In the Information Technology sector (230 S&P 500 companies), ASX ranks #82 of 230 by our overall rating. It trades at a premium versus the sector on earnings (67.5x P/E vs. 38.3x median) with a lower return on equity (14.4% vs. 17.5%) and slower revenue growth (9.8% vs. 17.7%).
P/E vs sector
67.5x
median 38.3x
ROE vs sector
14.4%
median 17.5%
Growth vs sector
9.8%
median 17.7%
Sector rank
#82
of 230 by rating
Valuation vs. quality map
The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.
Peers are the closest Information Technology companies by sub-industry and size. Sector median is across all 230 S&P 500 names in the sector. Educational, not a recommendation.
Project revenue → earnings → price. Edit the assumptions to build your own case.
2030 price target (Base Case)
$0.00 – $0.00
vs. $39.94 today · expected CAGR -3% – 7%
| Metric | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| Revenue | $22.01B | $24.21B | $26.63B | $29.29B | $32.22B |
| Net income | $1.32B | $1.45B | $1.60B | $1.76B | $1.93B |
| EPS | $0.57 | $0.63 | $0.69 | $0.76 | $0.83 |
| Share price (low) | $23.31 | $25.64 | $28.20 | $31.02 | $34.13 |
| Share price (high) | $38.66 | $42.52 | $46.78 | $51.45 | $56.60 |
| CAGR (low–high) | -42% / -3% | -20% / 3% | -11% / 5% | -6% / 7% | -3% / 7% |
Educational model on sample fundamentals — not a forecast or investment advice. Outputs are only as good as your assumptions.
The case for ASX:
- As an established S&P 500 member in Information Technology, it brings scale and a long operating history.
The case against ASX:
- A rich 67.5x earnings multiple prices in a lot of growth.
- Our model's overall read is Weak (40/100).
Valuation risk — at 67.5x earnings, disappointing results could compress the multiple.
Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.
On balance, the fundamentals screen weakly: ASE Technology Holding Co Ltd is a large-cap information technology business growing at a mature pace, with modest profitability, and a heavier debt load to watch. It trades at 67.5x earnings, which our model scores Weak (40/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.
Analyst Ratings
What 26 Wall Street analysts covering ASX recommend (July 2026). Consensus is a useful sanity check — not a substitute for your own homework.
Analysts have turned more cautious over the last three months (-4 pts of buy ratings).
Latest SEC Filings
ASX's most recent filings, straight from SEC EDGAR. Annual and quarterly reports are the deep dives; 8-Ks flag material events the moment they happen.
ASX — frequently asked questions
Is ASX a good stock to buy?
We don't give buy or sell advice. Our model rates ASE Technology Holding Co Ltd Weak (40/100) based on its growth, profitability, financial health, and valuation — use that as a research starting point and make your own decision.
What is ASX's rating on The Stocks School?
ASE Technology Holding Co Ltd currently scores 40/100 (Weak) on our transparent model, which weighs real fundamentals: growth, margins, returns on capital, balance-sheet strength, and valuation.
How our ratings work →Where does ASX's data come from?
Live price data plus real fundamentals and 5-year financials pulled directly from ASE Technology Holding Co Ltd's SEC filings — refreshed automatically, not hand-entered.
How is the 5-year projection for ASX calculated?
It's a scenario model: it grows revenue at an assumed rate, applies a profit margin and a valuation multiple, and shows the resulting share-price range. The assumptions are yours to change — it's a tool for thinking, not a prediction.
Is this ASX analysis financial advice?
No. Everything on this page is educational research, not financial advice or a recommendation to buy or sell ASX. Always do your own research and consider a licensed professional.
Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.
Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.