ASE Technology Holding Co., Ltd. ADR
ASE Technology Holding Co., Ltd. ADR is a semiconductor manufacturing services company focused on assembly, packaging, testing, and related electronic manufacturing solutions. The company provides integrated turnkey services that support chip production from wafer probing and front-end engineering testing through final testing and IC packaging. Its interconnect materials and packaging capabilities serve a broad range of applications, including computing, communications, industrial, automotive, and server systems. ASE Technology Holding Co., Ltd. ADR operates across major global markets, supplying semiconductor and electronics customers with outsourced manufacturing expertise that helps connect chip design with finished device production. Headquartered in Kaohsiung, Taiwan, ASE Technology Holding Co., Ltd. ADR plays an important role in the semiconductor supply chain by delivering specialized back-end manufacturing services used throughout the electronics industry.
$37.74
-$4.67 (-11.01%)
EOD Oct 22, 2026
Operating margin is thin at 7.99%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 4.7%, steady but not accelerating. Free cash flow declined 350% despite revenue growth, conversion is weakening.
At 46x earnings, the current multiple leaves limited room for execution misses or growth deceleration. Free cash flow declined 350% versus the prior year, cash generation momentum has weakened.
46.0x earnings. The market is pricing in years of above-average growth. If that thesis breaks, downside from multiple compression alone could be 30%+. This is a stock where you're paying for the future, not the present.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
TWD 711.21B
▲ +4.7% YoY
Net Income (TTM)
TWD 61.82B
▲ +17.7% YoY
Op. Margin
9.89%
▲ +1.2pp YoY
ROIC
6.93%
▲ +0.9pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-TWD 43.77B
▼ -350.4% YoY
Op. Cash Flow (TTM)
TWD 168.83B
▲ +25.8% YoY
Net Debt
TWD 161.68B
Cash & Equiv.
TWD 101.98B
3Y CAGR: +4.2%
Continue Research
Is ASE Technology Holding Co., Ltd. ADR (ASX) overvalued?
At a P/E of 46.0, ASE Technology Holding Co., Ltd. ADR (ASX)'s valuation is best read against its own history, its peers, and the growth its price implies. A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, ASE Technology Holding Co., Ltd. ADR scores 21/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 0.0%; see dividend safety for coverage and history. All figures are computed from company filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
Is ASE Technology Holding Co., Ltd. ADR a high-quality business?+
ASE Technology Holding Co., Ltd. ADR scores 21 out of 100 on Intrinsiqq's quality score, a weighted blend of 7 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a 9.9% operating margin and a 6.9% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from company filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Does ASE Technology Holding Co., Ltd. ADR (ASX) pay a dividend, and how much?+
Yes, ASE Technology Holding Co., Ltd. ADR pays a regular dividend of about TWD 0.35 per share per year (typically in quarterly installments), a yield of roughly 0.0% at the current price. That is a payout ratio of about 1.3% of earnings, so the dividend is amply covered by earnings. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For ASX's full payout history, growth streak and dividend-safety score, see the dividends tab.
Is ASE Technology Holding Co., Ltd. ADR a good stock to buy right now?+
That depends on valuation and quality together, not either alone. you should weigh ASX's valuation and scores 21/100 on quality (lower-quality). It also yields about 0.0%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from company filings, not investment advice.
Related stocks: Semiconductors
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Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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