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 | ||
| 147 TWD | +3.16% |
|
+1.73% | +8.89% |
| 25/04 | ASE Technology Holding's Q1 Earnings Fall, Revenue Increases | MT |
| 25/04 | 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 | 3,53,805 | 3,46,792 | 4,55,338 | 4,02,951 | 5,81,480 | 6,34,983 | - | - |
| Enterprise Value (EV) 1 | 5,03,721 | 4,93,602 | 5,95,967 | 6,00,878 | 6,97,708 | 7,26,078 | 7,10,242 | 6,95,480 |
| P/E ratio | 21.6 x | 12.9 x | 7.4 x | 6.74 x | 18.8 x | 16.5 x | 11.9 x | 9.73 x |
| Yield | 3% | 5.17% | 6.57% | 9.36% | - | 3.92% | 4.89% | 5.69% |
| Capitalization / Revenue | 0.86 x | 0.73 x | 0.8 x | 0.6 x | 1 x | 1.02 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 x | 0.89 x |
| EV / EBITDA | 6.81 x | 5.73 x | 5.11 x | 4.43 x | 7.09 x | 6.53 x | 5.28 x | 4.68 x |
| EV / FCF | 31.6 x | 28.3 x | 48.1 x | 15.7 x | 11.5 x | 24.6 x | 14.7 x | 10.4 x |
| FCF Yield | 3.16% | 3.53% | 2.08% | 6.38% | 8.71% | 4.07% | 6.8% | 9.61% |
| Price to Book | 1.76 x | 1.59 x | 1.79 x | 1.35 x | 1.97 x | 1.98 x | 1.78 x | 1.6 x |
| Nbr of stocks (in thousands) | 42,52,462 | 42,65,590 | 42,75,474 | 42,91,278 | 43,07,258 | 43,19,609 | - | - |
| Reference price 2 | 83.20 | 81.30 | 106.5 | 93.90 | 135.0 | 147.0 | 147.0 | 147.0 |
| Announcement Date | 07/02/20 | 04/02/21 | 10/02/22 | 09/02/23 | 01/02/24 | - | - | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 4,13,182 | 4,76,978 | 5,69,997 | 6,70,945 | 5,81,914 | 6,19,998 | 7,07,338 | 7,80,691 |
| EBITDA 1 | 73,993 | 86,136 | 1,16,649 | 1,35,628 | 98,430 | 1,11,183 | 1,34,511 | 1,48,605 |
| EBIT 1 | 23,526 | 34,877 | 62,125 | 80,176 | 40,328 | 52,038 | 71,368 | 84,147 |
| Operating Margin | 5.69% | 7.31% | 10.9% | 11.95% | 6.93% | 8.39% | 10.09% | 10.78% |
| Earnings before Tax (EBT) 1 | 23,362 | 35,734 | 80,336 | 81,626 | 42,600 | 49,399 | 68,734 | 88,671 |
| Net income 1 | 16,850 | 27,593 | 63,908 | 62,090 | 31,725 | 38,951 | 54,099 | 66,489 |
| Net margin | 4.08% | 5.78% | 11.21% | 9.25% | 5.45% | 6.28% | 7.65% | 8.52% |
| EPS 2 | 3.860 | 6.310 | 14.40 | 13.94 | 7.180 | 8.883 | 12.38 | 15.10 |
| Free Cash Flow 1 | 15,942 | 17,446 | 12,385 | 38,361 | 60,747 | 29,552 | 48,292 | 66,805 |
| FCF margin | 3.86% | 3.66% | 2.17% | 5.72% | 10.44% | 4.77% | 6.83% | 8.56% |
| FCF Conversion (EBITDA) | 21.55% | 20.25% | 10.62% | 28.28% | 61.72% | 26.58% | 35.9% | 44.95% |
| FCF Conversion (Net income) | 94.61% | 63.23% | 19.38% | 61.78% | 191.48% | 75.87% | 89.27% | 100.48% |
| Dividend per Share 2 | 2.500 | 4.200 | 7.000 | 8.790 | - | 5.758 | 7.187 | 8.365 |
| Announcement Date | 07/02/20 | 04/02/21 | 10/02/22 | 09/02/23 | 01/02/24 | - | - | - |
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 | 1,50,665 | 1,72,936 | 1,44,391 | 1,60,439 | 1,88,626 | 1,77,490 | 1,30,891 | 1,36,275 | 1,54,167 | 1,60,581 | 1,32,803 | 1,37,168 | 1,66,226 | 1,83,366 | 1,53,142 |
| 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 | 9,387 | 15,936 | 18,416 | 13,018 |
| Operating Margin | 12.23% | 11.34% | 11.16% | 12.84% | 12.56% | 11.14% | 5.88% | 6.91% | 7.4% | 7.36% | 5.67% | 6.84% | 9.59% | 10.04% | 8.5% |
| 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 | 9,317 | 15,371 | 17,044 | 12,580 |
| 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 | 7,022 | 11,712 | 13,309 | 9,894 |
| Net margin | 9.41% | 17.88% | 8.94% | 9.97% | 9.26% | 8.86% | 4.44% | 5.68% | 5.69% | 5.85% | 4.28% | 5.12% | 7.05% | 7.26% | 6.46% |
| EPS 2 | 3.200 | 6.990 | 2.920 | 3.610 | 3.920 | 3.570 | 1.300 | 1.760 | 2.000 | 2.130 | 1.280 | 1.578 | 2.783 | 3.171 | 2.312 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | 5.987 | - | - |
| Announcement Date | 28/10/21 | 10/02/22 | 28/04/22 | 28/07/22 | 27/10/22 | 09/02/23 | 27/04/23 | 27/07/23 | 26/10/23 | 01/02/24 | 25/04/24 | - | - | - | - |
1TWD in Million2TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,49,916 | 1,46,810 | 1,40,629 | 1,97,927 | 1,16,228 | 91,096 | 75,260 | 60,497 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.026 x | 1.704 x | 1.206 x | 1.459 x | 1.181 x | 0.8193 x | 0.5595 x | 0.4071 x |
| Free Cash Flow 1 | 15,942 | 17,446 | 12,385 | 38,361 | 60,747 | 29,552 | 48,292 | 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% | 5.7% | 7.68% | 10.3% |
| Assets 1 | 5,45,008 | 5,70,256 | 6,28,013 | 7,22,447 | 6,87,090 | 6,82,865 | 7,04,453 | 6,48,670 |
| Book Value Per Share 2 | 47.10 | 51.10 | 59.60 | 69.70 | 68.50 | 74.10 | 82.60 | 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 | 07/02/20 | 04/02/21 | 10/02/22 | 09/02/23 | 01/02/24 | - | - | - |
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
147
TWD
Average target price
149.5
TWD
Spread / Average Target
+1.68%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +8.89% | 19.49B | |
| +23.72% | 357B | |
| +18.38% | 121B | |
| +39.06% | 101B | |
| +13.70% | 20.51B | |
| +39.06% | 9.82B | |
| +24.08% | 9.36B | |
| +4.91% | 7.75B | |
| +32.08% | 5.24B | |
| +19.66% | 3.73B |
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- Financials ASE Technology Holding Co., Ltd.
