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ASE Industrial Holding Co Ltd ADR (ASX)



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Upturn Advisory Summary
04/01/2025: ASX (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit -30.57% | Avg. Invested days 35 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Large-Cap Stock | Market Capitalization 19.72B USD | Price to earnings Ratio 20.37 | 1Y Target Price 13.11 |
Price to earnings Ratio 20.37 | 1Y Target Price 13.11 | ||
Volume (30-day avg) 10949527 | Beta 1.01 | 52 Weeks Range 8.10 - 12.86 | Updated Date 04/1/2025 |
52 Weeks Range 8.10 - 12.86 | Updated Date 04/1/2025 | ||
Dividends yield (FY) 3.61% | Basic EPS (TTM) 0.43 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 5.46% | Operating Margin (TTM) 6.91% |
Management Effectiveness
Return on Assets (TTM) 3.48% | Return on Equity (TTM) 10.22% |
Valuation
Trailing PE 20.37 | Forward PE 12.3 | Enterprise Value 22228075964 | Price to Sales(TTM) 0.03 |
Enterprise Value 22228075964 | Price to Sales(TTM) 0.03 | ||
Enterprise Value to Revenue 1.24 | Enterprise Value to EBITDA 6.8 | Shares Outstanding 2171770112 | Shares Floating 3099627724 |
Shares Outstanding 2171770112 | Shares Floating 3099627724 | ||
Percent Insiders - | Percent Institutions 8.04 |
Analyst Ratings
Rating 4.67 | Target Price 12.45 | Buy 1 | Strong Buy 2 |
Buy 1 | Strong Buy 2 | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
ASE Industrial Holding Co Ltd ADR

Company Overview
History and Background
Advanced Semiconductor Engineering (ASE) was founded in 1984. It has grown through strategic acquisitions and expansions to become a leading global provider of independent semiconductor manufacturing services in assembly and testing.
Core Business Areas
- Assembly: Provides a wide range of packaging solutions, including wire bonding, flip chip, and advanced packaging technologies.
- Testing: Offers comprehensive testing services for logic, mixed-signal, and memory devices.
- EMS (Electronic Manufacturing Services): This segment provides system integration and manufacturing services.
Leadership and Structure
ASE is led by a board of directors and an executive management team. The organizational structure is divided into business units focusing on specific service areas.
Top Products and Market Share
Key Offerings
- Wire Bonding: Traditional packaging technique with significant market share in less demanding applications. Competitors include Amkor and JCET. Market Share N/A - data not publicly disclosed precisely.
- Flip Chip: Advanced packaging solution for high-performance devices with increasing market share. Competitors include Intel, Samsung, and TSMC. Market Share N/A - data not publicly disclosed precisely.
- System-in-Package (SiP): Integrates multiple components into a single package, catering to the growing demand for smaller and more functional devices. Market Share N/A - data not publicly disclosed precisely. Competitors include Amkor and JCET.
- Wafer Level Packaging (WLP): This is a packaging technique performed at the wafer level before the die are singulated (cut). Competitors include TSMC and Samsung. Market Share N/A - data not publicly disclosed precisely.
Market Dynamics
Industry Overview
The semiconductor assembly and testing market is highly competitive and growing, driven by demand for more advanced and integrated electronic devices.
Positioning
ASE is a leading independent provider, benefiting from its scale, technological capabilities, and diverse customer base. It is well-positioned to capitalize on growth trends in advanced packaging.
Total Addressable Market (TAM)
The global semiconductor assembly and testing services (SATS) market is projected to reach hundreds of billions of US dollars in the next 5-7 years. ASE is a large player with strong potential to capture significant share.
Upturn SWOT Analysis
Strengths
- Global Scale
- Technological Leadership
- Diverse Customer Base
- Strong R&D Capabilities
Weaknesses
- Dependence on Semiconductor Cycle
- High Capital Expenditure
- Exposure to Geopolitical Risks
Opportunities
- Growth in Advanced Packaging
- Expansion into New Geographies
- Increasing Demand for IoT Devices
- Strategic Acquisitions
Threats
- Intense Competition
- Technological Disruptions
- Economic Downturns
- Geopolitical Instability
Competitors and Market Share
Key Competitors
- Amkor Technology (AMKR)
- STATS ChipPAC (JCET - no US listing)
Competitive Landscape
ASE benefits from its scale and technological capabilities, but faces intense competition from other major players and in-house manufacturing by large IDMs (Integrated Device Manufacturers).
Major Acquisitions
Motorola's assembly and testing facilities
- Year: 2000
- Acquisition Price (USD millions): 325
- Strategic Rationale: Expanded production capacity and market share in the assembly and testing segment.
Growth Trajectory and Initiatives
Historical Growth: ASE's growth has been driven by the increasing demand for advanced packaging and testing solutions, as well as strategic acquisitions.
Future Projections: Analysts project continued growth for ASE, driven by secular trends in semiconductors and increasing demand for its services. Specific growth projections need to be researched with access to analyst reports.
Recent Initiatives: Recent initiatives include investments in advanced packaging technologies, expansion into new geographies, and strategic partnerships.
Summary
ASE is a leading player in the semiconductor assembly and testing market, benefiting from its scale, technological capabilities, and diverse customer base. The company faces intense competition and the cyclical nature of the industry. It has strong growth potential in advanced packaging. Strategic investments and expansions into new markets will be crucial for continued success. It also needs to watch out for over reliance on the semiconductor cycle.
Similar Companies
- AMKR
Sources and Disclaimers
Data Sources:
- Company Website
- Industry Reports
- Financial News Sources
Disclaimers:
The information provided is for informational purposes only and does not constitute financial advice. Market data is dynamic and subject to change. Financial information should be verified through official company filings.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About ASE Industrial Holding Co Ltd ADR
Exchange NYSE | Headquaters - | ||
IPO Launch date 1995-12-15 | CEO - | ||
Sector Technology | Industry Semiconductors | Full time employees 95492 | Website https://www.aseglobal.com |
Full time employees 95492 | Website https://www.aseglobal.com |
ASE Technology Holding Co., Ltd., together with its subsidiaries, provides semiconductors packaging and testing, and electronic manufacturing services in the United States, Taiwan, Asia, Europe, and internationally. It develops, constructs, sells, leases, and manages real estate properties; produces substrates; offers information software, equipment leasing, investment advisory, and warehousing management services; commercial complex, after-sales, and support services; manages parking lot services; processes and sells computer and communication peripherals, electronic components, telecommunications equipment, and motherboards; and imports and exports goods and technology. ASE Technology Holding Co., Ltd. was founded in 1984 and is based in Kaohsiung, Taiwan.
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