2DQ Stock Overview
ASE Technology Holding Co., Ltd. provides a range of semiconductors packaging and testing, and electronic manufacturing services in the United States, Taiwan, rest of Asia, Europe, and internationally.
ASE Technology Holding Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||NT$5.95|
|52 Week High||NT$8.35|
|52 Week Low||NT$5.55|
|1 Month Change||-8.46%|
|3 Month Change||1.71%|
|1 Year Change||-14.39%|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||41.63%|
Recent News & Updates
|2DQ||DE Semiconductor||DE Market|
Return vs Industry: 2DQ exceeded the German Semiconductor industry which returned -20.2% over the past year.
Return vs Market: 2DQ underperformed the German Market which returned -13.1% over the past year.
|2DQ Average Weekly Movement||5.0%|
|Semiconductor Industry Average Movement||6.9%|
|Market Average Movement||6.3%|
|10% most volatile stocks in DE Market||10.2%|
|10% least volatile stocks in DE Market||3.2%|
Stable Share Price: 2DQ is not significantly more volatile than the rest of German stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: 2DQ's weekly volatility (5%) has been stable over the past year.
About the Company
ASE Technology Holding Co., Ltd. provides a range of semiconductors packaging and testing, and electronic manufacturing services in the United States, Taiwan, rest of Asia, Europe, and internationally. It offers packaging services, including flip chip ball grid array (BGA) and chip scale package (CSP), advanced chip scale packages, quad flat packages, low profile and thin quad flat packages, bump chip carrier and quad flat no-lead (QFN) packages, advanced QFN packages, plastic BGAs, and 3D chip packages; stacked die solutions in various packages; and copper and silver wire bonding solutions. The company also provides advanced packages, such as flip chip BGA; heat-spreader FCBGA; flip-chip CSP; hybrid FCCSP; flip chip package in package and package on package (POP); advanced single sided substrate; high-bandwidth POP; fan-out wafer-level packaging; SESUB; and 2.5D silicon interposer.
ASE Technology Holding Fundamentals Summary
|2DQ fundamental statistics|
Is 2DQ overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|2DQ income statement (TTM)|
|Cost of Revenue||NT$459.63b|
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
Apr 28, 2022
|Earnings per share (EPS)||15.10|
|Net Profit Margin||11.21%|
How did 2DQ perform over the long term?See historical performance and comparison
4.5%Current Dividend Yield
Is ASE Technology Holding undervalued compared to its fair value and its price relative to the market?
Valuation Score 5/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PB vs Industry
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 2DQ (€5.95) is trading below our estimate of fair value (€17.6)
Significantly Below Fair Value: 2DQ is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 2DQ is good value based on its PE Ratio (6.2x) compared to the German Semiconductor industry average (23.8x).
PE vs Market: 2DQ is good value based on its PE Ratio (6.2x) compared to the German market (18.7x).
Price to Earnings Growth Ratio
PEG Ratio: 2DQ's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: 2DQ is good value based on its PB Ratio (1.5x) compared to the DE Semiconductor industry average (2.9x).
How is ASE Technology Holding forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?
Future Growth Score1/6
Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 2DQ's earnings are forecast to decline over the next 3 years (-1.7% per year).
Earnings vs Market: 2DQ's earnings are forecast to decline over the next 3 years (-1.7% per year).
High Growth Earnings: 2DQ's earnings are forecast to decline over the next 3 years.
Revenue vs Market: 2DQ's revenue (8.1% per year) is forecast to grow faster than the German market (5.4% per year).
High Growth Revenue: 2DQ's revenue (8.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 2DQ's Return on Equity is forecast to be low in 3 years time (19.6%).
How has ASE Technology Holding performed over the past 5 years?
Past Performance Score5/6
Past Performance Score 5/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 2DQ has a large one-off gain of NT$17.2B impacting its December 31 2021 financial results.
Growing Profit Margin: 2DQ's current net profit margins (11.2%) are higher than last year (5.8%).
Past Earnings Growth Analysis
Earnings Trend: 2DQ's earnings have grown by 15% per year over the past 5 years.
Accelerating Growth: 2DQ's earnings growth over the past year (131.6%) exceeds its 5-year average (15% per year).
Earnings vs Industry: 2DQ earnings growth over the past year (131.6%) exceeded the Semiconductor industry 115.9%.
Return on Equity
High ROE: 2DQ's Return on Equity (24%) is considered high.
How is ASE Technology Holding's financial position?
Financial Health Score4/6
Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: 2DQ's short term assets (NT$292.4B) exceed its short term liabilities (NT$210.9B).
Long Term Liabilities: 2DQ's short term assets (NT$292.4B) exceed its long term liabilities (NT$187.4B).
Debt to Equity History and Analysis
Debt Level: 2DQ's net debt to equity ratio (47.1%) is considered high.
Reducing Debt: 2DQ's debt to equity ratio has increased from 66.4% to 75.8% over the past 5 years.
Debt Coverage: 2DQ's debt is well covered by operating cash flow (39.2%).
Interest Coverage: 2DQ's interest payments on its debt are well covered by EBIT (31.6x coverage).
What is ASE Technology Holding current dividend yield, its reliability and sustainability?
Dividend Score 4/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 2DQ's dividend (4.52%) is higher than the bottom 25% of dividend payers in the German market (1.32%).
High Dividend: 2DQ's dividend (4.52%) is in the top 25% of dividend payers in the German market (4.02%)
Stability and Growth of Payments
Stable Dividend: 2DQ has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 2DQ's dividend payments have increased, but the company has only paid a dividend for 3 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (28.3%), 2DQ's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (182.1%), 2DQ's dividend payments are not well covered by cash flows.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Richard Chang (74 yo)
Mr. Hung-Pen Chang, also known as Richard, has been Vice Chairman of ASE Technology Holding Co. Ltd. since March 2019 and serves as its President since April 2018 and has been its General Manager. He serve...
Experienced Management: 2DQ's management team is considered experienced (4 years average tenure).
Experienced Board: 2DQ's board of directors are considered experienced (4.2 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
ASE Technology Holding Co., Ltd.'s employee growth, exchange listings and data sources
- Name: ASE Technology Holding Co., Ltd.
- Ticker: 2DQ
- Exchange: DB
- Founded: 1984
- Industry: Semiconductors
- Sector: Semiconductors
- Implied Market Cap: NT$393.530b
- Listing Market Cap: NT$12.661b
- Shares outstanding: 4.23b
- Website: https://www.aseglobal.com
- ASE Technology Holding Co., Ltd.
- 26, Chin 3rd Road
- Nanzih District
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/04/28 00:00|
|End of Day Share Price||2022/04/28 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.