ASE Technology Holding Co., Ltd.(ASX)Fundamental Analysis & FinancialsNYSE
Valuation, growth, margins and balance sheet
Valuation Snapshot
What the multiples imply about expectations
Market value is $69.83B, which makes it a large-cap company (market value of $10B to $200B). The trailing P/E is 37.65, above 30. Price-to-book is 5.79, above 5. EV/EBITDA is 1.86, at or below 20. 2 of 3 of these measures are above the level often used to mark a high valuation (P/E 30, price-to-book 5, EV/EBITDA 20).
Valuation Metrics
Ratios and multiples
Financial Health
Liquidity and leverage
The company's financial health appears strong. High ROE and moderate ROA reflect reasonably efficient capital use. Debt is manageable within acceptable ranges.
Valuation Multiples
Current valuation metrics
Quarterly Earnings History
Recent quarterly financial performance and trends
| Quarter | Revenue | Net Income | Gross Profit | EPS (Basic) | EPS (Diluted) | Gross Margin | Net Margin |
|---|---|---|---|---|---|---|---|
| Sep 2026(Latest) | $244.16B | $27.00B | $53.97B | $12.26 | $11.68 | 22.1% | 11.1% |
| Jun 2026 | $191.06B | $21.07B | $40.15B | $9.60 | $9.22 | 21.0% | 11.0% |
| Mar 2026 | $173.66B | $14.15B | $34.85B | $6.48 | $6.16 | 20.1% | 8.2% |
| Dec 2025 | $177.92B | $14.07B | $34.74B | $6.74 | $6.48 | 19.5% | 7.9% |
| Sep 2025 | $168.57B | $10.87B | $28.88B | $5.00 | $4.82 | 17.1% | 6.5% |
| Jun 2025 | $150.75B | $7.52B | $25.69B | $3.48 | $3.40 | 17.0% | 5.0% |
Key Insights:
- Revenue increased by 27.8% from previous quarter
- Net margin of 11.1% indicates moderate profitability
- EPS improved by 26.7% quarter-over-quarter
Financial Efficiency
Utilization and collections performance
Asset Turnover 0.80 indicates moderate efficiency. Receivables Turnover 5.69 and DSO 64.17 reflect poor collections. Working Capital Turnover 10.89 means yearly revenue is 10.89 times working capital. ROIC 10.2% highlights moderate capital returns.
Efficiency Metrics
Profitability & Growth
Margins and earnings power
Efficiency Performance Matrix
4-quadrant analysis of operational efficiency vs profitability
Efficiency vs Profitability Quadrants
High Margin
Low Margin
High Margin
Low Margin
Efficiency Analysis
Asset Turnover
Receivables Turnover
Working Capital
Overall Efficiency Score
Operationally weak with structural efficiency and margin issues
⚠️ Thresholds are benchmark-based heuristics derived from long-term industry averages, not strict valuation rules.
• Bubble size represents ROIC magnitude
• Green (Optimal): Excellent efficiency-profitability balance
• Blue (Efficiency-Driven): High turnover, room to improve margins
• Yellow (Margin-Driven): Strong margins, opportunity to improve efficiency
• Red (Weak Operations): Areas needing improvement on both dimensions
Market Data & Share Structure
Comprehensive valuation metrics and ownership breakdown
Market Data & Capitalization
Share Statistics & Ownership
Profitability Margin Pyramid
Hierarchical view of margin compression from revenue to net income
Margin Hierarchy by Profitability Level
Margin Analysis
Total Revenue
Gross Profit
EBITDA
Net Income
Margin Quality Assessment
Moderate margins requiring efficiency improvements
• Larger circles represent higher dollar amounts
• Margin percentages show profitability at each level
• Blue: Revenue base
• Green: Gross profitability
• Yellow: Operating performance
• Red: Net profitability
Operating Cash & Liquidity
Core cash generation and short-term solvency
Cash Flow Analysis
Operating Cash Flow (TTM)
$204.67B
Cash from core operations
Free Cash Flow (TTM)
-$86.60B
Available after capex
Financial Position & Liquidity
Current Ratio
1.07
Adequate
Quick Ratio
0.79
Fair
Net Cash
-$190.15B
Net debtor
Total Cash
$105.64B
Balance sheet cash
Total Debt
$295.79B
Outstanding borrowings
Cash Conversion Cycle
Working capital efficiency measurement
Days Sales Outstanding
64.2
days to collect payment
Days Inventory Outstanding
47.7
days to turn inventory
Cash Conversion Cycle
50.9
net days of cycle
Reasonable working capital management.
Ownership & Shareholder Sentiment
Insider, institutional, and short interest positions
Insider Ownership
0.00%
Minimal stake
Institutional Ownership
7.25%
Modest participation
Short % of Float
0.72%
Minimal short
Short Ratio (Days)
1.7d
days to cover
Ownership structure shows limited insider stake and mixed institutional participation.
Dividends & Shareholder Returns
Policy stance and implications
The company does not currently pay a regular dividend.
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