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ASE Technology Holding Co Ltd
TWSE:3711

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ASE Technology Holding Co Ltd
TWSE:3711
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Price: 478 TWD -2.15% Market Closed
Market Cap: NT$2.1T

EV/IC

3.2
Current
147%
More Expensive
vs 3-y average of 1.3

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
3.2
=
Enterprise Value
NT$1.7T
/
Invested Capital
NT$698.6B

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
3.2
=
Enterprise Value
NT$1.7T
/
Invested Capital
NT$698.6B

Valuation Scenarios

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

If EV/IC returns to its 3-Year Average (1.3), the stock would be worth NT$193.38 (60% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-65%
Maximum Upside
No Upside Scenarios
Average Downside
57%
Scenario EV/IC Value Implied Price Upside/Downside
Current Multiple 3.2 NT$478
0%
3-Year Average 1.3 NT$193.38
-60%
5-Year Average 1.1 NT$166.69
-65%
Industry Average 1.9 NT$288.76
-40%
Country Average 1.2 NT$176.26
-63%

Forward EV/IC
Today’s price vs future invested capital

Not enough data available to calculate forward EV/IC

Peer Comparison

All Multiples
EV/IC
P/E
All Countries
Close
Market Cap EV/IC P/E
TW
ASE Technology Holding Co Ltd
TWSE:3711
2.1T TWD 3.2 52.8
US
NVIDIA Corp
NASDAQ:NVDA
4.8T USD 35.5 40.2
US
Broadcom Inc
NASDAQ:AVGO
2T USD 13.3 79.9
TW
Taiwan Semiconductor Manufacturing Co Ltd
TWSE:2330
55.4T TWD 10.2 29.3
US
Micron Technology Inc
NASDAQ:MU
611.6B USD 7.3 25.4
US
Advanced Micro Devices Inc
NASDAQ:AMD
587.7B USD 9.1 135.6
KR
SK Hynix Inc
KRX:000660
701.7T KRW 5 16.1
US
Intel Corp
NASDAQ:INTC
500.4B USD 3.1 -157.7
US
Texas Instruments Inc
NASDAQ:TXN
254.9B USD 9.1 47.8
UK
Arm Holdings PLC
NASDAQ:ARM
224.3B USD 33.7 280
US
Analog Devices Inc
NASDAQ:ADI
194.2B USD 4.6 71.7

Market Distribution

Higher than 88% of companies in Taiwan
Percentile
88th
Based on 869 companies
88th percentile
3.2
Low
0 — 0.9
Typical Range
0.9 — 1.8
High
1.8 —
Distribution Statistics
Taiwan
Min 0
30th Percentile 0.9
Median 1.2
70th Percentile 1.8
Max 1 954.3

ASE Technology Holding Co Ltd
Glance View

Market Cap
2.1T TWD
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.

Intrinsic Value
324.84 TWD
Overvaluation 32%
Intrinsic Value
Price NT$478
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