ASX ASE Technology Holding Co Ltd
$39.89
▼ 4.8%Updated Oct 16, 2:25 PM ET
Report Card
ASX at a glance — five pillars scored 0–100 from real filed financials.
How the 0–100 rating is calculatedOverall: 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.
Price — Past Year
▲ Up 323.0% in the year to Jul 6, 2026
Key Metrics
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
Business Overview
ASE Technology Holding Co Ltd (ASX) is a large-cap NYSE-listed company in the Semiconductors industry, within the Information Technology sector, 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.
Economic Moat
Evidence of durable competitive advantage in the filed financials (10 years of history).
Profit margins and economic moats, explainedSome 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 (Educational)
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 $39.89, 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. In the month to Jul 6, 2026, ASX found buyers near $32.73 (support) and sellers near $45.52 (resistance); its 52-week range then was $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. The indicators were last computed on Jul 6, 2026; the price is current.
Revenue Growth
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.
Profitability
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.
Debt Analysis
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.
Cash Flow Analysis
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.
Dividend Safety
Can the payout survive a bad year? Scored from filed cash flow, earnings coverage, and the raise/cut record.
What to look for in a dividend stockCoverage 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.
Valuation Analysis
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.
Metrics vs. Sector Range
Where ASX sits versus the Information Technology companies we cover.
Bands show the middle half (25th–75th percentile) of the 98 Information Technology companies in our coverage that have fundamentals data — the peer-relative anchor professional comps analysis uses. Context only — not investment advice.
Sector Peer Comparison
How ASX stacks up against its Information Technology peers — valuation, profitability, and growth versus the sector median.
Among the 98 rated Information Technology companies we cover, ASX ranks #82 by our overall rating. It trades at a premium versus the sector on earnings (67.5x P/E vs. 36.2x 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 36.2x
ROE vs sector
14.4%
median 17.5%
Growth vs sector
9.8%
median 17.7%
Sector rank
#82
of 98 rated
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, preferring ones with full data. Sector medians and rank use the 98 rated companies among the 230 Information Technology stocks we cover. Educational, not a recommendation.
5-Year Projection Model
Project revenue → earnings → price. Edit the assumptions to build your own case.
What drives this projection, and its limits2030 scenario price range (Base Case)
$34.08 – $56.53
vs. $39.89 today · implied 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 | $0.62 | $0.69 | $0.76 | $0.83 |
| Share price (low) | $23.28 | $25.61 | $28.17 | $30.98 | $34.08 |
| Share price (high) | $38.61 | $42.47 | $46.72 | $51.39 | $56.53 |
| CAGR (low–high) | -42% / -3% | -20% / 3% | -11% / 5% | -6% / 7% | -3% / 7% |
Educational scenario model, not a forecast or investment advice. It starts from the latest annual revenue in SEC filings. By default, growth is trailing revenue growth (held between 3% and 45% a year), the net margin is the latest one (held between 3% and 50%, so a loss-making company is modeled with a small profit), and the Base case P/E runs from 60% to 100% of today's. Carrying recent growth forward five years can miss badly in either direction. Outputs are only as good as the assumptions.
Bull Case
The case for ASX:
- None of our ratio checks flags a standout strength right now.
Bear Case
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).
Key Risks
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.
Investment Thesis
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 (September 2026). Consensus is a useful sanity check — not a substitute for your own homework.
Analysts have turned more positive 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. How to read a 10-K
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 starts from the latest annual revenue and net margin in SEC filings, grows revenue at an assumed rate (trailing revenue growth by default), and applies a P/E range built around today's multiple to show the resulting share-price range. When a stock has no growth or P/E data, the starting values are placeholders. 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.