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ASE Technology Holding Co Ltd
NYSE:ASX

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ASE Technology Holding Co Ltd
NYSE:ASX
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Price: 31.59 USD 0.57% Market Closed
Market Cap: $68.2B

P/FCFE

59.7
Current
96%
More Expensive
vs 3-y average of 30.5

Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.

P/FCFE
59.7
=
Market Cap
$1.6T
/
Free Cash Flow to Equity
NT$36B

Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.

P/FCFE
59.7
=
Market Cap
$1.6T
/
Free Cash Flow to Equity
NT$36B

Valuation Scenarios

ASE Technology Holding Co Ltd is trading above its 3-year average

If P/FCFE returns to its 3-Year Average (30.5), the stock would be worth $16.12 (49% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-68%
Maximum Upside
No Upside Scenarios
Average Downside
55%
Scenario P/FCFE Value Implied Price Upside/Downside
Current Multiple 59.7 $31.59
0%
3-Year Average 30.5 $16.12
-49%
5-Year Average 29.5 $15.62
-51%
Industry Average 27.5 $14.57
-54%
Country Average 19.4 $10.25
-68%

Forward P/FCFE
Today’s price vs future free cash flow to equity

Not enough data available to calculate forward P/FCFE

Peer Comparison

All Multiples
P/FCFE
P/E
All Countries
Close
Market Cap P/FCFE P/E
TW
ASE Technology Holding Co Ltd
NYSE:ASX
2.1T USD 59.7 52.8
US
NVIDIA Corp
NASDAQ:NVDA
4.8T USD 60.7 40.2
US
Broadcom Inc
NASDAQ:AVGO
2T USD 78.3 79.9
TW
Taiwan Semiconductor Manufacturing Co Ltd
TWSE:2330
55.4T TWD 53.2 29.3
US
Micron Technology Inc
NASDAQ:MU
611.6B USD 113.1 25.4
US
Advanced Micro Devices Inc
NASDAQ:AMD
587.7B USD 103.3 135.6
KR
SK Hynix Inc
KRX:000660
701.7T KRW 28.6 16.1
US
Intel Corp
NASDAQ:INTC
500.4B USD -59.8 -157.7
US
Texas Instruments Inc
NASDAQ:TXN
254.9B USD 51.8 47.8
UK
Arm Holdings PLC
NASDAQ:ARM
224.3B USD 233.9 280
US
Analog Devices Inc
NASDAQ:ADI
194.2B USD 34.4 71.7

Market Distribution

Lower than 96% of companies in Taiwan
Percentile
4rd
Based on 598 companies
4rd percentile
3.9
Low
1.5 — 12.4
Typical Range
12.4 — 33.6
High
33.6 —
Distribution Statistics
Taiwan
Min 1.5
30th Percentile 12.4
Median 19.4
70th Percentile 33.6
Max 9 890.8

ASE Technology Holding Co Ltd
Glance View

Market Cap
68.2B USD
Industry
Semiconductors

ASE Technology Holding Co., Ltd. finds itself at the heart of a pivotal industry, quietly powering the global technology sphere with its advanced semiconductor packaging and testing services. Founded in 1984 and headquartered in Kaohsiung City, Taiwan, ASE Technology has grown into a critical player in the semiconductor supply chain, offering a suite of services that are indispensable to the creation of electronic devices. Focused on encapsulating and protecting delicate chips, the company specializes in turning semiconductor wafers into operational miracles that can conduct electricity and process information. The intricate dance of semiconductor design and manufacturing takes a pivotal turn at ASE Technology, where raw semiconductor wafers are encased in reliable packages that can withstand the rigors of practical use, all while being tested for functionality and quality. The company's business model thrives on long-term collaborations with industry giants – think leading chipmakers, consumer electronics companies, and automotive enterprises. These alliances bolster ASE's ability to innovate and invest in cutting-edge facilities capable of sophisticated processes such as wafer-level packaging and system-in-package solutions. Beyond sheer manufacturing might, ASE leverages its expertise in engineering and logistics to create value-added solutions, ensuring its components meet the nuanced needs of varied applications, from high-performance computing to mobile communications. Revenue streams are robust, derived from a diversified portfolio that spans consumer electronics, communications, computing, and automotive sectors, reflecting ASE Technology's role as a linchpin in an increasingly digital world. By continuously evolving in a sector marked by rapid technological shifts, ASE Technology not only secures enduring relevance but also expands its footprint as a beacon of innovation and reliability.

ASX Intrinsic Value
19.88 USD
Overvaluation 37%
Intrinsic Value
Price $31.59
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