ASX

ASE Technology Holding Co., Ltd.

Fundamental data last updated:September 6, 2026

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company profile

SECTOR

Technology

industry

Semiconductors

Exchange

NYSE

County of HQ

TW

Next Earnings Date

Pending Announcement

Business Summary

Established in 1984 and headquartered in Kaohsiung, Taiwan, ASE Technology Holding Co., Ltd. operates as a leading global provider of essential services for the semiconductor industry. Its primary business encompasses a full range of semiconductor packaging and testing solutions, alongside electronic manufacturing services, catering to an international clientele spanning the United States, Taiwan, various other Asian countries, and Europe. The company offers an extensive portfolio of packaging services, featuring advanced techniques such as flip chip ball grid array (BGA) and chip scale package (CSP) formats. This also includes a variety of quad flat packages (including low profile and thin versions), bump chip carriers, and advanced quad flat no-lead (QFN) packages. ASE specializes in cutting-edge solutions like plastic BGAs, 3D chip packages, and stacked die integration, utilizing both copper and silver wire bonding. Further sophisticated offerings include specialized flip chip BGAs with heat-spreaders, hybrid FCCSPs, innovative package in package (PiP) and package on package (PoP) assemblies, advanced single-sided substrates, high-bandwidth PoP, fan-out wafer-level packaging, SESUB technology, and 2.5D silicon interposers. Additionally, the company produces IC wire bonding packages, system-in-package (SiP) products and modules, and provides critical interconnect materials, including the assembly of electronic components for the automotive sector. In the domain of semiconductor testing, ASE delivers a comprehensive array of services. These range from initial front-end engineering testing and wafer probing to the final verification of a diverse set of components, such as logic, mixed-signal, radio frequency (RF) modules, SiP, micro-electro-mechanical systems (MEMS), and discrete devices. The company also manages associated test services and drop shipment logistics. Beyond its core semiconductor operations, ASE Technology Holding diversifies its ventures significantly. This includes the development, construction, sale, leasing, and management of real estate properties. The company also manufactures substrates, offers information software solutions, provides equipment leasing and investment advisory services, and manages warehousing operations. Furthermore, ASE is involved in processing and distributing computer and communication peripherals, electronic components, telecommunications equipment, and motherboards, actively participating in the import and export of goods and technology.

 


VALUATION

P/E

4.01

Market Cap ($M USD)

$95.04B

Forward P/E

0.67

PEG

0.00

PRICE TO SALES

4.26

PRICE TO BOOK

8.12

EV / EBITDA

22.69

5-Year Average P/E

Free Cash Flow Yield

-0.16%

DCF Value

$3.52

Graham Number

$139.61

Price to FCF

-607.16

EV to FCF

-643.11

Earnings Yield

1.66%

FCF Yield

-0.16%

DIVIDEND

Yield

1.01%

Annual Payout

$6.58

Payout Ratio

48.75%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

$10.81

Next Year EPS Growth Estimate

$64.99

Next Year Revenue Growth Estimate

$1.12T

Return on Equity (ROE)

14.45%

FREE CASH FLOW

Operating Margin

8.74%

Debt-to-Equity

0.76

Piotroski F-Score

6

Altman Z-Score

4.15

Return on Invested Capital (ROIC)

8.84%

Current Ratio

1.15

Quick Ratio

0.89

Net Debt to EBITDA

1.27

Interest Coverage

9.90

Gross Profit margin

18.51%

FCF PER SHARE

$-1.08

REVENUE PER SHARE

$153.41

Gainseekers Quantitative Analysis

Summary

The market appears to be dramatically mispricing ASE Technology Holding Co., Ltd. relative to its intrinsic value. With a Forward P/E of just 0.55, the stock is trading at a fraction of its earnings potential, suggesting significant upside. The Altman Z-score of 3.40 indicates financial stability, while the Earnings Yield of 2.01% is modest but not alarming. However, the DCF value suggests the stock has been trading well below its fair value, highlighting a potential deep value opportunity for savvy investors.

AI Exposure / Tech Reliance

Positioned within the semiconductor industry, ASE Technology is well-suited to capitalize on AI and tech advancements. As demand for semiconductors grows with AI integration, the company stands to benefit from increased sales and innovation. Its strategic positioning in a high-growth sector underscores its resilience and adaptability.

The Bull Case

For value and GARP investors, ASE Technology presents a compelling opportunity. The ROIC of 8.84% reflects efficient capital use, while a Piotroski F-Score of 6 suggests solid financial health. Despite a negative FCF Yield, the company's operating margin of 8.74% indicates robust pricing power. These metrics collectively paint a picture of a company with strong operational execution and potential for future growth.

The Bear Case

Despite its strengths, ASE Technology faces notable risks. The Price/Book ratio of 6.70 and Price/Sales of 3.51 suggest the stock is expensive relative to its assets and revenue. Additionally, the negative FCF Yield and Price to FCF ratio highlight troubling cash flow issues. Trading near its 52-week high, the stock may be technically overextended, posing a risk for potential investors.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Buy

Average Analyst Price Target

N/A

Institutional Ownership %

1-Year Beta

1.46

Insider Buying % (6 Mo)

Distance to 52-Week High

5.08%

Distance to 52-Week Low

78.53%

EARNINGS SURPRISE %

17.44%

50-DAY SMA

$36.43

200-DAY SMA

$22.58

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.