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 | ||
| 148 TWD | 0.00% |
|
+0.68% | +9.63% |
| Apr. 25 | ASE Technology Holding's Q1 Earnings Fall, Revenue Increases | MT |
| Apr. 25 | ASE Technology Holding Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 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 | 639,302 | - | - |
| Enterprise Value (EV) 1 | 503,721 | 493,602 | 595,967 | 600,878 | 697,708 | 726,960 | 712,907 | 701,780 |
| P/E ratio | 21.6 x | 12.9 x | 7.4 x | 6.74 x | 18.8 x | 16.5 x | 11.9 x | 9.66 x |
| Yield | 3% | 5.17% | 6.57% | 9.36% | - | 3.85% | 4.98% | 5.92% |
| Capitalization / Revenue | 0.86 x | 0.73 x | 0.8 x | 0.6 x | 1 x | 1.03 x | 0.9 x | 0.81 x |
| EV / Revenue | 1.22 x | 1.03 x | 1.05 x | 0.9 x | 1.2 x | 1.17 x | 1.01 x | 0.89 x |
| EV / EBITDA | 6.81 x | 5.73 x | 5.11 x | 4.43 x | 7.09 x | 6.56 x | 5.33 x | 4.76 x |
| EV / FCF | 31.6 x | 28.3 x | 48.1 x | 15.7 x | 11.5 x | 23 x | 16.1 x | 10.7 x |
| FCF Yield | 3.16% | 3.53% | 2.08% | 6.38% | 8.71% | 4.34% | 6.2% | 9.32% |
| Price to Book | 1.76 x | 1.59 x | 1.79 x | 1.35 x | 1.97 x | 1.96 x | 1.75 x | 1.61 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 | 148.0 | 148.0 | 148.0 |
| 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 | 620,868 | 708,392 | 784,541 |
| EBITDA 1 | 73,993 | 86,136 | 116,649 | 135,628 | 98,430 | 110,759 | 133,668 | 147,509 |
| EBIT 1 | 23,526 | 34,877 | 62,125 | 80,176 | 40,328 | 52,170 | 71,107 | 83,900 |
| Operating Margin | 5.69% | 7.31% | 10.9% | 11.95% | 6.93% | 8.4% | 10.04% | 10.69% |
| Earnings before Tax (EBT) 1 | 23,362 | 35,734 | 80,336 | 81,626 | 42,600 | 49,943 | 67,978 | 90,642 |
| Net income 1 | 16,850 | 27,593 | 63,908 | 62,090 | 31,725 | 38,925 | 54,241 | 69,108 |
| Net margin | 4.08% | 5.78% | 11.21% | 9.25% | 5.45% | 6.27% | 7.66% | 8.81% |
| EPS 2 | 3.860 | 6.310 | 14.40 | 13.94 | 7.180 | 8.951 | 12.39 | 15.31 |
| Free Cash Flow 1 | 15,942 | 17,446 | 12,385 | 38,361 | 60,747 | 31,556 | 44,211 | 65,436 |
| FCF margin | 3.86% | 3.66% | 2.17% | 5.72% | 10.44% | 5.08% | 6.24% | 8.34% |
| FCF Conversion (EBITDA) | 21.55% | 20.25% | 10.62% | 28.28% | 61.72% | 28.49% | 33.08% | 44.36% |
| FCF Conversion (Net income) | 94.61% | 63.23% | 19.38% | 61.78% | 191.48% | 81.07% | 81.51% | 94.69% |
| Dividend per Share 2 | 2.500 | 4.200 | 7.000 | 8.790 | - | 5.701 | 7.367 | 8.759 |
| 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 Q3 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 150,665 | 172,936 | 144,391 | 160,439 | 188,626 | 177,490 | 130,891 | 136,275 | 154,167 | 160,581 | 132,803 | 137,186 | 165,971 | 184,290 | 153,245 |
| EBITDA 1 | 32,290 | 33,685 | 29,616 | 34,355 | 37,630 | 34,027 | 22,135 | 23,900 | 25,973 | 26,422 | 22,111 | 24,092 | 31,875 | 35,749 | 29,692 |
| EBIT 1 | 18,426 | 19,615 | 16,113 | 20,606 | 23,683 | 19,774 | 7,695 | 9,412 | 11,405 | 11,815 | 7,525 | 9,299 | 15,868 | 18,745 | 12,697 |
| Operating Margin | 12.23% | 11.34% | 11.16% | 12.84% | 12.56% | 11.14% | 5.88% | 6.91% | 7.4% | 7.36% | 5.67% | 6.78% | 9.56% | 10.17% | 8.29% |
| Earnings before Tax (EBT) 1 | 18,474 | 37,336 | 16,663 | 21,136 | 23,615 | 20,212 | 7,870 | 10,111 | 12,252 | 12,367 | 7,860 | 9,253 | 15,344 | 17,756 | 11,778 |
| Net income 1 | 14,176 | 30,916 | 12,907 | 15,988 | 17,465 | 15,730 | 5,817 | 7,740 | 8,776 | 9,392 | 5,682 | 6,951 | 11,728 | 13,754 | 9,774 |
| Net margin | 9.41% | 17.88% | 8.94% | 9.97% | 9.26% | 8.86% | 4.44% | 5.68% | 5.69% | 5.85% | 4.28% | 5.07% | 7.07% | 7.46% | 6.38% |
| EPS 2 | 3.200 | 6.990 | 2.920 | 3.610 | 3.920 | 3.570 | 1.300 | 1.760 | 2.000 | 2.130 | 1.280 | 1.558 | 2.781 | 3.257 | 2.292 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | 5.987 | - | - |
| Announcement Date | 10/28/21 | 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 | 0.7914 x | 0.5507 x | 0.4236 x |
| Free Cash Flow 1 | 15,942 | 17,446 | 12,385 | 38,361 | 60,747 | 31,556 | 44,211 | 65,436 |
| ROE (net income / shareholders' equity) | 8.34% | 13.2% | 26.7% | 21.1% | 10.7% | 12.6% | 16% | 17.5% |
| ROA (Net income/ Total Assets) | 3.09% | 4.84% | 10.2% | 8.59% | 4.62% | 5.58% | 7.46% | 10.7% |
| Assets 1 | 545,008 | 570,256 | 628,013 | 722,447 | 687,090 | 697,694 | 727,139 | 645,874 |
| Book Value Per Share 2 | 47.10 | 51.10 | 59.60 | 69.70 | 68.50 | 75.40 | 84.30 | 92.00 |
| Cash Flow per Share 2 | 17.00 | 17.50 | 18.70 | 25.70 | 26.30 | 18.80 | 22.00 | 25.90 |
| Capex 1 | 56,361 | 57,628 | 69,301 | 71,890 | 53,683 | 63,259 | 67,248 | 66,542 |
| Capex / Sales | 13.64% | 12.08% | 12.16% | 10.71% | 9.23% | 10.19% | 9.49% | 8.48% |
| 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
17
Last Close Price
148
TWD
Average target price
151.3
TWD
Spread / Average Target
+2.24%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +9.63% | 19.8B | |
| +24.19% | 354B | |
| +18.04% | 119B | |
| +43.85% | 106B | |
| +11.75% | 19.87B | |
| +44.93% | 10.32B | |
| +36.46% | 9.88B | |
| -2.71% | 7.96B | |
| -22.43% | 6.13B | |
| +42.82% | 5.48B |
- Stock Market
- Equities
- 3711 Stock
- Financials ASE Technology Holding Co., Ltd.