ASE TECHNOLOGY HOLDING CO., LTD. Financials ASE Technology Holding Co., Ltd.
Equities
3711
TW0003711008
Semiconductor Equipment & Testing
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 164 TWD | -0.91% |
|
+7.89% | +21.48% |
| May. 09 | ASE Technology April Revenue Increases | MT |
| May. 09 | ASE Technology Holding Co., Ltd. Reports Unaudited Consolidated Revenue Results for the April Month 2024 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 353,805 | 346,792 | 455,338 | 402,951 | 581,480 | 708,416 | - | - |
| Enterprise Value (EV) 1 | 503,721 | 493,602 | 595,967 | 600,878 | 697,708 | 796,074 | 782,021 | 770,894 |
| P/E ratio | 21.6 x | 12.9 x | 7.4 x | 6.74 x | 18.8 x | 18.7 x | 13.2 x | 10.9 x |
| Yield | 3% | 5.17% | 6.57% | 9.36% | 3.85% | 3.49% | 4.32% | 5.1% |
| Capitalization / Revenue | 0.86 x | 0.73 x | 0.8 x | 0.6 x | 1 x | 1.14 x | 1 x | 0.91 x |
| EV / Revenue | 1.22 x | 1.03 x | 1.05 x | 0.9 x | 1.2 x | 1.28 x | 1.11 x | 0.99 x |
| EV / EBITDA | 6.81 x | 5.73 x | 5.11 x | 4.43 x | 7.09 x | 7.16 x | 5.82 x | 5.19 x |
| EV / FCF | 31.6 x | 28.3 x | 48.1 x | 15.7 x | 11.5 x | 26.4 x | 16.8 x | 11.5 x |
| FCF Yield | 3.16% | 3.53% | 2.08% | 6.38% | 8.71% | 3.78% | 5.95% | 8.67% |
| Price to Book | 1.76 x | 1.59 x | 1.79 x | 1.35 x | 1.97 x | 2.17 x | 1.95 x | 1.78 x |
| Nbr of stocks (in thousands) | 4,252,462 | 4,265,590 | 4,275,474 | 4,291,278 | 4,307,258 | 4,319,609 | - | - |
| Reference price 2 | 83.20 | 81.30 | 106.5 | 93.90 | 135.0 | 164.0 | 164.0 | 164.0 |
| Announcement Date | 2/7/20 | 2/4/21 | 2/10/22 | 2/9/23 | 2/1/24 | - | - | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 413,182 | 476,978 | 569,997 | 670,945 | 581,914 | 620,112 | 707,081 | 780,691 |
| EBITDA 1 | 73,993 | 86,136 | 116,649 | 135,628 | 98,430 | 111,139 | 134,458 | 148,605 |
| EBIT 1 | 23,526 | 34,877 | 62,125 | 80,176 | 40,328 | 51,966 | 71,341 | 84,147 |
| Operating Margin | 5.69% | 7.31% | 10.9% | 11.95% | 6.93% | 8.38% | 10.09% | 10.78% |
| Earnings before Tax (EBT) 1 | 23,362 | 35,734 | 80,336 | 81,626 | 42,600 | 49,579 | 68,392 | 90,642 |
| Net income 1 | 16,850 | 27,593 | 63,908 | 62,090 | 31,725 | 38,574 | 54,817 | 66,489 |
| Net margin | 4.08% | 5.78% | 11.21% | 9.25% | 5.45% | 6.22% | 7.75% | 8.52% |
| EPS 2 | 3.860 | 6.310 | 14.40 | 13.94 | 7.180 | 8.792 | 12.39 | 15.10 |
| Free Cash Flow 1 | 15,942 | 17,446 | 12,385 | 38,361 | 60,747 | 30,101 | 46,511 | 66,805 |
| FCF margin | 3.86% | 3.66% | 2.17% | 5.72% | 10.44% | 4.85% | 6.58% | 8.56% |
| FCF Conversion (EBITDA) | 21.55% | 20.25% | 10.62% | 28.28% | 61.72% | 27.08% | 34.59% | 44.95% |
| FCF Conversion (Net income) | 94.61% | 63.23% | 19.38% | 61.78% | 191.48% | 78.03% | 84.85% | 100.48% |
| Dividend per Share 2 | 2.500 | 4.200 | 7.000 | 8.790 | 5.200 | 5.724 | 7.083 | 8.366 |
| Announcement Date | 2/7/20 | 2/4/21 | 2/10/22 | 2/9/23 | 2/1/24 | - | - | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 172,936 | 144,391 | 160,439 | 188,626 | 177,490 | 130,891 | 136,275 | 154,167 | 160,581 | 132,803 | 137,115 | 166,165 | 183,223 | 153,142 | 162,399 |
| EBITDA 1 | 33,685 | 29,616 | 34,355 | 37,630 | 34,027 | 22,135 | 23,900 | 25,973 | 26,422 | 22,111 | 24,067 | 31,840 | 35,709 | 29,692 | 34,811 |
| EBIT 1 | 19,615 | 16,113 | 20,606 | 23,683 | 19,774 | 7,695 | 9,412 | 11,405 | 11,815 | 7,525 | 9,312 | 15,923 | 18,469 | 13,018 | 16,326 |
| Operating Margin | 11.34% | 11.16% | 12.84% | 12.56% | 11.14% | 5.88% | 6.91% | 7.4% | 7.36% | 5.67% | 6.79% | 9.58% | 10.08% | 8.5% | 10.05% |
| Earnings before Tax (EBT) 1 | 37,336 | 16,663 | 21,136 | 23,615 | 20,212 | 7,870 | 10,111 | 12,252 | 12,367 | 7,860 | 9,067 | 15,236 | 17,671 | 11,778 | 14,861 |
| Net income 1 | 30,916 | 12,907 | 15,988 | 17,465 | 15,730 | 5,817 | 7,740 | 8,776 | 9,392 | 5,682 | 6,801 | 11,730 | 13,792 | 9,774 | 11,404 |
| Net margin | 17.88% | 8.94% | 9.97% | 9.26% | 8.86% | 4.44% | 5.68% | 5.69% | 5.85% | 4.28% | 4.96% | 7.06% | 7.53% | 6.38% | 7.02% |
| EPS 2 | 6.990 | 2.920 | 3.610 | 3.920 | 3.570 | 1.300 | 1.760 | 2.000 | 2.130 | 1.280 | 1.539 | 2.734 | 3.124 | 2.311 | 2.832 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | 5.987 | - | - | - |
| Announcement Date | 2/10/22 | 4/28/22 | 7/28/22 | 10/27/22 | 2/9/23 | 4/27/23 | 7/27/23 | 10/26/23 | 2/1/24 | 4/25/24 | - | - | - | - | - |
1TWD in Million2TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 149,916 | 146,810 | 140,629 | 197,927 | 116,228 | 87,658 | 73,605 | 62,478 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.026 x | 1.704 x | 1.206 x | 1.459 x | 1.181 x | 0.7887 x | 0.5474 x | 0.4204 x |
| Free Cash Flow 1 | 15,942 | 17,446 | 12,385 | 38,361 | 60,747 | 30,101 | 46,511 | 66,805 |
| ROE (net income / shareholders' equity) | 8.34% | 13.2% | 26.7% | 21.1% | 10.7% | 12.5% | 16% | 17.3% |
| ROA (Net income/ Total Assets) | 3.09% | 4.84% | 10.2% | 8.59% | 4.62% | 5.6% | 7.68% | 10.2% |
| Assets 1 | 545,008 | 570,256 | 628,013 | 722,447 | 687,090 | 688,882 | 714,085 | 649,560 |
| Book Value Per Share 2 | 47.10 | 51.10 | 59.60 | 69.70 | 68.50 | 75.40 | 84.20 | 91.90 |
| Cash Flow per Share 2 | 17.00 | 17.50 | 18.70 | 25.70 | 26.30 | 18.30 | 24.50 | 27.80 |
| Capex 1 | 56,361 | 57,628 | 69,301 | 71,890 | 53,683 | 62,739 | 66,176 | 64,753 |
| Capex / Sales | 13.64% | 12.08% | 12.16% | 10.71% | 9.23% | 10.12% | 9.36% | 8.29% |
| Announcement Date | 2/7/20 | 2/4/21 | 2/10/22 | 2/9/23 | 2/1/24 | - | - | - |
1TWD in Million2TWD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
18
Last Close Price
164
TWD
Average target price
150.4
TWD
Spread / Average Target
-8.29%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +21.48% | 22.21B | |
| +31.44% | 377B | |
| +23.27% | 127B | |
| +40.57% | 105B | |
| +9.81% | 19.95B | |
| +50.36% | 11.49B | |
| +26.36% | 9.56B | |
| +0.33% | 8.15B | |
| -27.67% | 5.85B | |
| +33.02% | 5.15B |
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- Financials ASE Technology Holding Co., Ltd.
