Operating Margin

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Price: 10.9 EUR -1.8%

Market Cap: €4.5B

41.3%

Declining

by 30.2%

Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.

Operating Margin

41.3%

Operating Income

HK$611.7m

Revenue

HK$13.6B

Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.

Operating Margin

41.3%

Operating Income

€611.7m

Revenue

HK$13.6B

Peer Comparison

Country		Company	Market Cap	Operating Margin
HK	A	ASMPT Ltd SWB:AY7A	4.5B EUR	Loading...
CN	P	Piotech Inc SSE:688072	105.2B CNY	Loading...
CN	H	Hwatsing Technology Co Ltd SSE:688120	70.1B CNY	Loading...
JP		Kokusai Electric Corp TSE:6525	1.5T JPY	Loading...
CN	S	Skyverse Technology Co Ltd SSE:688361	62.6B CNY	Loading...
CN	S	Sicc Co Ltd SSE:688234	48.1B CNY	Loading...
CN	J	Jiangsu Leadmicro Nano Technology Co Ltd SSE:688147	35.8B CNY	Loading...
CN	S	Shenyang Fortune Precision Equipment Co Ltd SSE:688409	29.3B CNY	Loading...
CN	G	GRINM Semiconductor Materials Co Ltd SSE:688432	27.6B CNY	Loading...
CN		Circuit Fabology Microelectronics Equipment Co Ltd SSE:688630	24.2B CNY	Loading...
CN	C	Changzhou Fusion New Material Co Ltd SSE:688503	19.8B CNY	Loading...

Market Distribution

Min	-36 930 000%
30th Percentile	-5.1%
Median	2.5%
70th Percentile	9.4%
Max	8 238.3%

Other Profitability Ratios

ASMPT Ltd
Glance View

Market Cap

4.5B EUR

Industry

Semiconductors

Nestled in the intricate ecosystem of semiconductor manufacturing, ASMPT Ltd. has carved out a unique space in the global technology landscape. Born out of Hong Kong, this company has become a pivotal supplier of hardware and software solutions that underpin the complex process of semiconductor and electronics assembly. At its core, ASMPT provides the machines that enable the precise assembly of tiny, intricate semiconductor components. These machines are indispensable for industries like consumer electronics, automotive, and telecommunication, effectively making ASMPT an unsung hero behind the gadgets and systems that define modern life. The company's prowess is augmented by its commitment to innovation, ensuring its equipment remains at the forefront of precision and efficiency. ASMPT's revenue model thrives on its ability to cater to a sophisticated and ever-evolving clientele. It generates its income predominantly through the sale of its assembly and packaging equipment. Additionally, the company provides a suite of software solutions that enhance the functionality and integration of its machinery within manufacturers' operations, adding another revenue stream. ASMPT strengthens its business with after-sales services and support, creating a steady flow of recurring income while building stickiness among its clients. By focusing on both the hardware and the digital interfaces that control them, ASMPT maintains a diversified portfolio that secures its financial health and positions it to capitalize on the growing demands of the digital age.

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AY7A Intrinsic Value

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What is Intrinsic Value?

Economic Moat is a concept popularized by Warren Buffett to describe a company's durable competitive advantage. It represents the 'moat' that protects a company from competitors and helps it sustain profitability over the long term. Our analysis of the past 10 years showed that companies with a wide economic moat significantly outperformed the market, delivering +645% returns compared to +189% for the S&P 500.

Our research into Economic Moat performance spans the past 10 years and focuses on companies with a wide economic moat. For this analysis, we calculated the average stock price returns of these companies, comparing them to the performance of the S&P 500 index over the same period.

The results were compelling: wide moat stocks achieved a remarkable +645% average return, compared to +188% for the broader market. This difference highlights the long-term benefits of investing in businesses that can maintain their market position and pricing power over time.

Note: This research does not account for survivorship bias. Past performance is not indicative of future results.

Determining whether a company has an economic moat requires both a deep dive into financial metrics and a qualitative assessment of its competitive position. Our analysts conduct a rigorous evaluation that focuses on identifying structural advantages that enable a company to sustain profitability and defend its market share over the long term.

The process begins with an analysis of a company’s historical financial performance. We assess how consistently the company has generated returns above its cost of capital and whether those returns have been stable or improving. However, financial performance alone doesn’t reveal the full picture. To understand the sources of these advantages, we evaluate five key drivers of economic moats:

Network Effect: We analyze whether the value of a company’s product or service grows as its user base expands. Platforms like payment systems or marketplaces benefit from this self-reinforcing.

Switching Costs: We assess whether customers face significant costs or disruptions when switching to a competitor’s product or service. High switching costs create customer stickiness and provide pricing power.

Intangible Assets: Strong brands, patents, and regulatory licenses can protect a company’s market position by creating barriers for competitors or enabling premium pricing. For example, a well-recognized consumer brand may command higher customer loyalty and margins.

Efficient scale: Occurs when a market is optimally served by one or a few players, making it unprofitable for new entrants to compete. This typically happens in industries with high fixed costs or geographic constraints, such as utilities or pipelines.

Cost Advantage: Companies with structural cost advantages can produce goods or services at a lower cost than their competitors, enabling them to offer competitive pricing or maintain higher margins. These advantages often arise from economies of scale, superior supply chain management, or proprietary technology. Firms like Walmart leverage their massive scale to negotiate better terms with suppliers, allowing them to undercut competitors on price.

By examining these factors in combination with a company’s financial performance and market positioning, we classify each company into one of three categories:

This rigorous evaluation ensures that our moat ratings are both comprehensive and reliable, giving investors the tools they need to make well-informed, long-term decisions.

The AI Assistant may sometimes provide inaccurate information.

Make your own investment decisions or consult a licensed financial advisor.

ASMPT Ltd
SWB:AY7A

Peer Comparison

Market Distribution

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ASMPT Ltd
Glance View

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ASMPT Ltd SWB:AY7A