ASX Valuation

ASE Technology Holding Co Ltd

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10.330

+0.05(0.486%)1D

Overview
Forecast
Valuation
Earnings

ASX Relative Valuation

ASX's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, ASX is overvalued; if below, it's undervalued.

Historical Valuation

ASE Technology Holding Co Ltd (ASX) is now in the Fair zone, suggesting that its current forward PE ratio of 13.21 is considered Fairly compared with the five-year average of 11.88. The fair price of ASE Technology Holding Co Ltd (ASX) is between 9.32 to 13.31 according to relative valuation methord.

Relative Value

Fair Zone

9.32-13.31

Current Price：10.28

Fair

17.03

Trailing

Forward

6.86

EV/EBITDA

ASE Technology Holding Co Ltd. (ASX) has a current EV/EBITDA of 6.86. The 5-year average EV/EBITDA is 5.66. The thresholds are as follows: Strongly Undervalued below 3.71, Undervalued between 3.71 and 4.69, Fairly Valued between 6.64 and 4.69, Overvalued between 6.64 and 7.61, and Strongly Overvalued above 7.61. The current Forward EV/EBITDA of 6.86 falls within the Overvalued range.

17.68

EV/EBIT

ASE Technology Holding Co Ltd. (ASX) has a current EV/EBIT of 17.68. The 5-year average EV/EBIT is 12.00. The thresholds are as follows: Strongly Undervalued below 5.78, Undervalued between 5.78 and 8.89, Fairly Valued between 15.11 and 8.89, Overvalued between 15.11 and 18.22, and Strongly Overvalued above 18.22. The current Forward EV/EBIT of 17.68 falls within the Overvalued range.

1.04

ASE Technology Holding Co Ltd. (ASX) has a current PS of 1.04. The 5-year average PS is 0.82. The thresholds are as follows: Strongly Undervalued below 0.45, Undervalued between 0.45 and 0.64, Fairly Valued between 1.01 and 0.64, Overvalued between 1.01 and 1.19, and Strongly Overvalued above 1.19. The current Forward PS of 1.04 falls within the Overvalued range.

6.13

P/OCF

ASE Technology Holding Co Ltd. (ASX) has a current P/OCF of 6.13. The 5-year average P/OCF is 4.97. The thresholds are as follows: Strongly Undervalued below 2.34, Undervalued between 2.34 and 3.66, Fairly Valued between 6.28 and 3.66, Overvalued between 6.28 and 7.59, and Strongly Overvalued above 7.59. The current Forward P/OCF of 6.13 falls within the Historic Trend Line -Fairly Valued range.

43.07

P/FCF

ASE Technology Holding Co Ltd. (ASX) has a current P/FCF of 43.07. The 5-year average P/FCF is 20.50. The thresholds are as follows: Strongly Undervalued below -39.73, Undervalued between -39.73 and -9.62, Fairly Valued between 50.61 and -9.62, Overvalued between 50.61 and 80.72, and Strongly Overvalued above 80.72. The current Forward P/FCF of 43.07 falls within the Historic Trend Line -Fairly Valued range.

ASE Technology Holding Co Ltd (ASX) has a current Price-to-Book (P/B) ratio of 4.66. Compared to its 3-year average P/B ratio of 2.46 , the current P/B ratio is approximately 89.68% higher. Relative to its 5-year average P/B ratio of 2.19, the current P/B ratio is about 112.87% higher. ASE Technology Holding Co Ltd (ASX) has a Forward Free Cash Flow (FCF) yield of approximately -2.77%. Compared to its 3-year average FCF yield of 6.44%, the current FCF yield is approximately -143.03% lower. Relative to its 5-year average FCF yield of 5.20% , the current FCF yield is about -153.30% lower.

2.32

P/B

Median3y

2.46

Median5y

2.19

-2.77

FCF Yield

Median3y

6.44

Median5y

5.20

Competitors Valuation Multiple

The average P/S ratio for ASX's competitors is 5.30, providing a benchmark for relative valuation. ASE Technology Holding Co Ltd Corp (ASX) exhibits a P/S ratio of 1.04, which is -80.39% above the industry average. Given its robust revenue growth of 12.61%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

ASX.N

ASE Technology Holding Co Ltd

United Microelectronics Corp

Advanced Micro Devices Inc

Texas Instruments Inc

Performance Decomposition

Market capitalization of ASX increased by 5.33% over the past 1 year. The primary factor behind the change was an increase in Revenue Growth from 4.34B to 4.88B.

The secondary factor is the P/E Change, contributed 5.26%to the performance.

Overall, the performance of ASX in the past 1 year is driven by Revenue Growth. Which is more sustainable.

12.61%

4.34B → 4.88B

Revenue Growth

-12.54%

5.82 → 5.09

Margin Expansion

5.26%

19.70 → 20.74

P/E Change

5.33%