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ASM Pacific Technology

DB:AY7A
Snowflake Description

Excellent balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AY7A
DB
HK$39B
Market Cap
  1. Home
  2. DE
  3. Semiconductors
Company description

ASM Pacific Technology Limited, an investment holding company, engages in the design, manufacture, and marketing of machines, tools, and materials used in the semiconductor and electronics assembly industries worldwide. The last earnings update was 21 days ago. More info.


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  • ASM Pacific Technology has significant price volatility in the past 3 months.
AY7A Share Price and Events
7 Day Returns
2.4%
DB:AY7A
7.5%
DE Semiconductor
2.4%
DE Market
1 Year Returns
-0.7%
DB:AY7A
-7.5%
DE Semiconductor
-6.2%
DE Market
AY7A Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
ASM Pacific Technology (AY7A) 2.4% 11.9% 24.5% -0.7% 61.2% 41.1%
DE Semiconductor 7.5% 10.1% 17.5% -7.5% 62% 106.1%
DE Market 2.4% 3% 7.4% -6.2% 9.6% 14.1%
1 Year Return vs Industry and Market
  • AY7A outperformed the Semiconductor industry which returned -7.5% over the past year.
  • AY7A outperformed the Market in Germany which returned -6.2% over the past year.
Price Volatility
AY7A
Industry
5yr Volatility vs Market
Related Companies

AY7A Value

 Is ASM Pacific Technology undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of ASM Pacific Technology to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for ASM Pacific Technology.

DB:AY7A Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 18 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.8%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:AY7A
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6.7%
Semiconductor Unlevered Beta Simply Wall St/ S&P Global 1.14
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.136 (1 + (1- 25%) (8.89%))
1.142
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.14
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.142 * 6.65%)
7.82%

Discounted Cash Flow Calculation for DB:AY7A using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for ASM Pacific Technology is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:AY7A DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 7.82%)
2019 2,670.69 Analyst x7 2,476.97
2020 2,371.49 Analyst x10 2,039.93
2021 2,271.03 Analyst x3 1,811.82
2022 2,203.74 Est @ -2.96% 1,630.61
2023 2,159.54 Est @ -2.01% 1,482.00
2024 2,130.70 Est @ -1.34% 1,356.15
2025 2,112.24 Est @ -0.87% 1,246.88
2026 2,100.87 Est @ -0.54% 1,150.21
2027 2,094.39 Est @ -0.31% 1,063.49
2028 2,091.31 Est @ -0.15% 984.90
Present value of next 10 years cash flows HK$15,242.97
DB:AY7A DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= HK$2,091.31 × (1 + 0.23%) ÷ (7.82% – 0.23%)
HK$27,606.00
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$27,606.00 ÷ (1 + 7.82%)10
HK$13,001.00
DB:AY7A Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$15,242.97 + HK$13,001.00
HK$28,243.98
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$28,243.98 / 406.67
HK$69.45
DB:AY7A Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:AY7A represents 0.1111x of SEHK:522
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.1111x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 69.45 x 0.1111
€7.72
Value per share (EUR) From above. €7.72
Current discount Discount to share price of €10.72
= -1 x (€10.72 - €7.72) / €7.72
-38.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of ASM Pacific Technology is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for ASM Pacific Technology's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are ASM Pacific Technology's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:AY7A PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in HKD HK$5.47
SEHK:522 Share Price ** SEHK (2019-04-18) in HKD HK$96.45
Germany Semiconductor Industry PE Ratio Median Figure of 10 Publicly-Listed Semiconductor Companies 21.89x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.67x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of ASM Pacific Technology.

DB:AY7A PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:522 Share Price ÷ EPS (both in HKD)

= 96.45 ÷ 5.47

17.62x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ASM Pacific Technology is good value based on earnings compared to the DE Semiconductor industry average.
  • ASM Pacific Technology is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does ASM Pacific Technology's expected growth come at a high price?
Raw Data
DB:AY7A PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.62x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 18 Analysts
6.1%per year
Germany Semiconductor Industry PEG Ratio Median Figure of 8 Publicly-Listed Semiconductor Companies 2.47x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

DB:AY7A PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 17.62x ÷ 6.1%

2.87x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ASM Pacific Technology is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on ASM Pacific Technology's assets?
Raw Data
DB:AY7A PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in HKD HK$29.92
SEHK:522 Share Price * SEHK (2019-04-18) in HKD HK$96.45
Germany Semiconductor Industry PB Ratio Median Figure of 12 Publicly-Listed Semiconductor Companies 1.91x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.85x
DB:AY7A PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:522 Share Price ÷ Book Value per Share (both in HKD)

= 96.45 ÷ 29.92

3.22x

* Primary Listing of ASM Pacific Technology.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ASM Pacific Technology is overvalued based on assets compared to the DE Semiconductor industry average.
X
Value checks
We assess ASM Pacific Technology's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Semiconductor industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Semiconductor industry average (and greater than 0)? (1 check)
  5. ASM Pacific Technology has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

AY7A Future Performance

 How is ASM Pacific Technology expected to perform in the next 1 to 3 years based on estimates from 18 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
6.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is ASM Pacific Technology expected to grow at an attractive rate?
  • ASM Pacific Technology's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • ASM Pacific Technology's earnings growth is positive but not above the Germany market average.
  • ASM Pacific Technology's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:AY7A Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:AY7A Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 18 Analysts 6.1%
DB:AY7A Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 18 Analysts 1.9%
Germany Semiconductor Industry Earnings Growth Rate Market Cap Weighted Average 8.5%
Germany Semiconductor Industry Revenue Growth Rate Market Cap Weighted Average 5.7%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:AY7A Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 18 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:AY7A Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 22,428 1
2021-12-31 20,569 2,508 2,693 6
2020-12-31 19,629 2,947 2,463 18
2019-12-31 17,941 3,584 1,962 16
DB:AY7A Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2018-12-31 19,551 1,942 2,216
2018-09-30 19,010 2,463
2018-06-30 18,954 2,219 2,725
2018-03-31 18,107 2,697
2017-12-31 17,523 1,621 2,815
2017-09-30 16,816 2,744
2017-06-30 15,903 1,477 2,463
2017-03-31 15,148 2,066
2016-12-31 14,249 1,958 1,464
2016-09-30 13,657 1,130
2016-06-30 12,691 1,949 726
2016-03-31 12,783 805

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • ASM Pacific Technology's earnings are expected to grow by 6.1% yearly, however this is not considered high growth (20% yearly).
  • ASM Pacific Technology's revenue is expected to grow by 1.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:AY7A Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 18 Analyst Estimates (S&P Global) See Below

All data from ASM Pacific Technology Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:AY7A Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 5.97 7.41 4.14 3.00
2020-12-31 6.02 7.77 4.26 15.00
2019-12-31 4.76 5.61 3.74 13.00
DB:AY7A Past Financials Data
Date (Data in HKD Millions) EPS *
2018-12-31 5.47
2018-09-30 6.07
2018-06-30 6.70
2018-03-31 6.62
2017-12-31 6.90
2017-09-30 6.73
2017-06-30 6.05
2017-03-31 5.09
2016-12-31 3.61
2016-09-30 2.79
2016-06-30 1.80
2016-03-31 2.00

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • ASM Pacific Technology is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess ASM Pacific Technology's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
ASM Pacific Technology has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

AY7A Past Performance

  How has ASM Pacific Technology performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare ASM Pacific Technology's growth in the last year to its industry (Semiconductor).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • ASM Pacific Technology has delivered over 20% year on year earnings growth in the past 5 years.
  • ASM Pacific Technology's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • ASM Pacific Technology's 1-year earnings growth is negative, it can't be compared to the DE Semiconductor industry average.
Earnings and Revenue History
ASM Pacific Technology's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from ASM Pacific Technology Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:AY7A Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 19,550.59 2,216.06 2,709.51 1,558.60
2018-09-30 19,010.12 2,462.84 2,681.29 1,539.67
2018-06-30 18,953.69 2,724.76 2,630.90 1,499.01
2018-03-31 18,107.38 2,697.23 2,534.50 1,445.01
2017-12-31 17,522.71 2,815.47 2,463.70 1,408.06
2017-09-30 16,816.37 2,744.17 2,284.59 1,360.76
2017-06-30 15,903.21 2,463.00 2,215.39 1,310.71
2017-03-31 15,148.26 2,066.10 2,146.44 1,266.24
2016-12-31 14,249.09 1,463.86 2,090.36 1,214.82
2016-09-30 13,656.60 1,130.33 2,101.60 1,188.46
2016-06-30 12,690.75 726.45 2,044.99 1,154.10
2016-03-31 12,783.50 805.39 2,048.54 1,143.94
2015-12-31 12,977.29 956.19 2,059.59 1,158.89
2015-09-30 13,494.60 1,146.81 2,015.80 1,168.44
2015-06-30 15,115.92 1,748.98 2,023.55 1,197.77
2015-03-31 14,791.61 1,727.86 1,911.62 1,168.96
2014-12-31 14,229.18 1,599.95 1,803.62 1,123.16
2014-09-30 13,547.22 1,403.42 1,708.55 1,050.23
2014-06-30 11,796.56 894.15 1,574.30 978.27
2014-03-31 11,209.08 707.33 1,524.76 948.17
2013-12-31 10,841.17 558.59 1,483.22 924.40
2013-09-30 10,357.21 467.27 1,435.26 921.60
2013-06-30 10,290.95 443.66 1,429.42 904.29
2013-03-31 10,367.32 523.35 1,454.94 895.67
2012-12-31 10,460.56 688.99 1,408.68 885.46
2012-09-30 10,698.26 859.59 1,358.94 873.22
2012-06-30 10,711.87 971.30 1,331.00 886.06

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • ASM Pacific Technology has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • ASM Pacific Technology used its assets more efficiently than the DE Semiconductor industry average last year based on Return on Assets.
  • ASM Pacific Technology has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess ASM Pacific Technology's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Semiconductor industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
ASM Pacific Technology has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

AY7A Health

 How is ASM Pacific Technology's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up ASM Pacific Technology's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • ASM Pacific Technology is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • ASM Pacific Technology's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of ASM Pacific Technology's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 4.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from ASM Pacific Technology Company Filings, last reported 3 months ago.

DB:AY7A Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 12,160.66 3,485.56 2,249.22
2018-09-30 11,856.55 3,074.26 2,952.02
2018-06-30 11,856.55 3,074.26 2,952.02
2018-03-31 11,377.48 2,239.05 3,056.93
2017-12-31 11,377.48 2,239.05 3,056.93
2017-09-30 10,459.70 2,280.70 2,970.66
2017-06-30 10,459.70 2,280.70 2,970.66
2017-03-31 9,026.26 2,418.79 3,210.29
2016-12-31 9,026.26 2,418.79 3,210.29
2016-09-30 8,568.50 2,405.67 2,754.28
2016-06-30 8,568.50 2,405.67 2,754.28
2016-03-31 8,035.99 2,443.68 2,275.13
2015-12-31 8,035.99 2,443.68 2,275.13
2015-09-30 8,254.93 2,333.59 1,919.81
2015-06-30 8,254.93 2,333.59 1,919.81
2015-03-31 8,205.19 2,331.74 2,593.76
2014-12-31 8,205.19 2,331.74 2,593.76
2014-09-30 7,735.03 2,406.59 3,151.65
2014-06-30 7,735.03 2,406.59 3,151.65
2014-03-31 7,081.27 696.16 1,596.59
2013-12-31 7,081.27 696.16 1,596.59
2013-09-30 6,695.72 531.07 948.63
2013-06-30 6,695.72 531.07 948.63
2013-03-31 6,556.67 824.45 1,487.00
2012-12-31 6,556.67 824.45 1,487.00
2012-09-30 6,417.39 676.43 1,231.74
2012-06-30 6,417.39 676.43 1,231.74
  • ASM Pacific Technology's level of debt (28.7%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (9.8% vs 28.7% today).
  • Debt is well covered by operating cash flow (55.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 22.2x coverage).
X
Financial health checks
We assess ASM Pacific Technology's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. ASM Pacific Technology has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

AY7A Dividends

 What is ASM Pacific Technology's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.9%
Current annual income from ASM Pacific Technology dividends. Estimated to be 2.85% next year.
If you bought €2,000 of ASM Pacific Technology shares you are expected to receive €58 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • ASM Pacific Technology's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • ASM Pacific Technology's dividend is below the markets top 25% of dividend payers in Germany (3.7%).
Upcoming dividend payment

Purchase ASM Pacific Technology before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:AY7A Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 18 Analyst Estimates (S&P Global) See Below
Germany Semiconductor Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 1.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:AY7A Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31 3.12 5.00
2020-12-31 2.88 17.00
2019-12-31 2.52 18.00
DB:AY7A Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2019-03-29 2.800 3.006
2018-10-31 2.600 3.272
2018-08-21 2.600 3.321
2018-07-24 2.600 2.833
2018-04-03 2.600 2.525
2017-10-31 2.400 2.133
2017-08-22 2.400 2.201
2017-07-25 2.400 2.408
2017-03-29 1.900 1.698
2017-03-02 1.900 1.816
2016-05-10 1.400 2.065
2015-03-31 2.100 3.274
2014-10-29 1.600 2.108
2014-08-12 1.600 2.045
2014-07-23 1.600 1.938
2014-03-21 0.850 1.021
2014-02-26 0.850 1.245
2013-03-22 0.600 0.791
2013-03-05 0.600 0.642
2012-10-24 1.220 1.310
2012-07-26 1.220 1.355
2012-03-07 2.400 2.367
2011-07-28 4.800 5.521
2011-03-03 5.300 5.295
2010-08-02 2.800 3.579
2010-03-19 2.200 3.309
2010-02-25 2.200 3.011
2009-10-29 0.800 1.176
2009-07-29 0.800 1.511
2009-04-20 1.900 4.590

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of ASM Pacific Technology's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.2x coverage).
X
Income/ dividend checks
We assess ASM Pacific Technology's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can ASM Pacific Technology afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. ASM Pacific Technology has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

AY7A Management

 What is the CEO of ASM Pacific Technology's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Wai Lee
COMPENSATION HK$24,584,000
AGE 64
TENURE AS CEO 12.3 years
CEO Bio

Mr. Wai Kwong Lee has been the Chief Executive Officer at ASM Pacific Technology Ltd., a subsidiary of ASM International NV since January 01, 2007. Mr. Lee served as the Managing Director of ASM Technology Singapore Pte Ltd., a subsidiary of ASM International NV. He served as a Member of Management Board of ASM International NV since January 1, 2007 and also served as its Managing Director of Southern Region. He served as Managing Director of the Southern Region of ASM Pacific Technology Ltd. He has been instrumental in the rapid developments of its operations in Singapore and Malaysia. Mr. Lee joined ASM in 1980 and also served as its General Manager for its Singapore operations since 1990. He has over 25 years working experience in the semiconductor industry. Mr. Lee is responsible for managing the business operation of the Group in the southern region of Asia, including Singapore, Malaysia, Thailand and India, as well as overseeing its European and American activities. Mr. Lee has been an Executive Director of ASM Pacific Technology Ltd. since January 1, 2007. Mr. Lee has a Bachelor of Science degree and a Master of Science degree in Electronic Engineering from the Chinese University of Hong Kong. He also has a Masters degree in Business Administration from the National University of Singapore.

CEO Compensation
  • Wai's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Wai's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the ASM Pacific Technology management team in years:

3.3
Average Tenure
61
Average Age
  • The tenure for the ASM Pacific Technology management team is about average.
Management Team

Wai Lee

TITLE
CEO & Executive Director
COMPENSATION
HK$25M
AGE
64
TENURE
12.3 yrs

Robin Gerard Ng

TITLE
CFO & Executive Director
COMPENSATION
HK$9M
AGE
55
TENURE
9.2 yrs

Stanley Tsui

TITLE
COO, Executive Director
COMPENSATION
HK$9M
AGE
61
TENURE
2.9 yrs

James Chow

TITLE
Executive Vice President for Business Excellence
COMPENSATION
HK$8M
AGE
61
TENURE
2.9 yrs

Yam Wong

TITLE
Group CTO & Group Executive VP
AGE
58

Lawrence Chan

TITLE
Group Executive VP & Group CEO of Back-End Equipment Segment (IC
AGE
63
TENURE
3.3 yrs

Guenter Lauber

TITLE
Group Executive VP & Group CEO of SMT Solutions Segment
AGE
56
TENURE
3.3 yrs

Patrick Lim

TITLE
Group Executive Vice President of Corporate Operations
AGE
64
TENURE
3.3 yrs

Joseph Poh

TITLE
Group Senior VP & Group CEO of Back-end Equipment Segment (Opto
AGE
50
TENURE
2.3 yrs

Sau Ming So

TITLE
Company Secretary
TENURE
12.8 yrs
Board of Directors Tenure

Average tenure and age of the ASM Pacific Technology board of directors in years:

8
Average Tenure
61
Average Age
  • The tenure for the ASM Pacific Technology board of directors is about average.
Board of Directors

Orasa Livasiri

TITLE
Chairman of the Board
COMPENSATION
HK$500K
AGE
62
TENURE
2.1 yrs

Wai Lee

TITLE
CEO & Executive Director
COMPENSATION
HK$25M
AGE
64
TENURE
12.3 yrs

Robin Gerard Ng

TITLE
CFO & Executive Director
COMPENSATION
HK$9M
AGE
55
TENURE
8 yrs

Stanley Tsui

TITLE
COO, Executive Director
COMPENSATION
HK$9M
AGE
61
TENURE
1.9 yrs

John Lok

TITLE
Independent Non-Executive Director
COMPENSATION
HK$450K
AGE
55
TENURE
12.1 yrs

Hon Wong

TITLE
Independent Non-Executive Director
COMPENSATION
HK$400K
AGE
71
TENURE
6.3 yrs

Eric Tang

TITLE
Independent Non-Executive Director
COMPENSATION
HK$350K
AGE
72
TENURE
6 yrs

Chuck del Prado

TITLE
Non-Executive Director
COMPENSATION
HK$350K
AGE
57
TENURE
9 yrs

Petrus Antonius van Bommel

TITLE
Non-Executive Director
COMPENSATION
HK$300K
AGE
61
TENURE
8.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
19. Mar 19 Sell Colonial First State Asset Management (Australia) Limited Company 18. Mar 19 18. Mar 19 -270,400 €9.46 €-2,558,087
13. Mar 19 Buy Schroder Investment Management (Singapore) Ltd Company 08. Mar 19 08. Mar 19 617,200 €9.79 €6,043,108
07. Jan 19 Buy Schroder Investment Management (Singapore) Ltd Company 02. Jan 19 02. Jan 19 627,600 €8.48 €5,321,519
11. Dec 18 Buy Schroder Investment Management (Singapore) Ltd Company 10. Dec 18 10. Dec 18 617,600 €8.14 €5,028,821
06. Dec 18 Buy Schroder Investment Management (Singapore) Ltd Company 03. Dec 18 03. Dec 18 206,700 €9.05 €1,871,356
09. Nov 18 Buy Schroder Investment Management (Singapore) Ltd Company 06. Nov 18 06. Nov 18 796,500 €8.46 €6,740,563
02. Nov 18 Buy Colonial First State Asset Management (Australia) Limited Company 01. Nov 18 01. Nov 18 322,600 €7.65 €2,467,345
15. May 18 Sell First State Investment Management (UK) Limited Company 14. May 18 14. May 18 -1,165,800 €10.95 €-12,767,425
12. Oct 18 Sell GIC Pte. Ltd. Company 11. Oct 18 11. Oct 18 -887,300 €8.22 €-7,290,378
25. Sep 18 Sell JPMorgan Chase & Co, Brokerage and Securities Investments Company 20. Sep 18 20. Sep 18 -59,292 €8.76 €-519,641
21. Sep 18 Buy Colonial First State Asset Management (Australia) Limited Company 19. Sep 18 19. Sep 18 488,600 €8.64 €4,223,304
11. Sep 18 Buy Schroder Investment Management (Singapore) Ltd Company 10. Sep 18 10. Sep 18 15,400 €8.42 €129,644
30. Jul 18 Sell JPMorgan Chase & Co, Brokerage and Securities Investments Company 25. Jul 18 25. Jul 18 -464,814 €10.62 €-4,934,839
24. Jul 18 Buy JPMorgan Chase & Co, Brokerage and Securities Investments Company 19. Jul 18 19. Jul 18 837,290 €10.90 €9,129,775
07. Jun 18 Buy Colonial First State Asset Management (Australia) Limited Company 05. Jun 18 05. Jun 18 159,500 €11.36 €1,812,035
18. May 18 Buy Colonial First State Asset Management (Australia) Limited Company 16. May 18 16. May 18 995,400 €11.41 €11,357,465
11. May 18 Buy Colonial First State Asset Management (Australia) Limited Company 10. May 18 10. May 18 525,100 €11.03 €5,789,615
08. May 18 Sell Colonial First State Asset Management (Australia) Limited Company 04. May 18 04. May 18 -657,100 €11.54 €-7,584,100
26. Apr 18 Sell FMR LLC Company 23. Apr 18 23. Apr 18 -1,674,800 €11.72 €-19,631,908
24. Apr 18 Buy Colonial First State Asset Management (Australia) Limited Company 23. Apr 18 23. Apr 18 1,467,200 €11.69 €17,145,502
X
Management checks
We assess ASM Pacific Technology's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. ASM Pacific Technology has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

AY7A News

Simply Wall St News

AY7A Company Info

Description

ASM Pacific Technology Limited, an investment holding company, engages in the design, manufacture, and marketing of machines, tools, and materials used in the semiconductor and electronics assembly industries worldwide. It operates through three segments: Back-end Equipment, Surface Mount Technology Solutions, and Materials. The Back-end Equipment segment manufactures and markets a line of assembly and packaging equipment for the microelectronics, semiconductor, photonics, and optoelectronics industries. This segment’s products include AOI/FOL equipment, die attach equipment, CIS equipment, dispensing equipment, factory automation equipment, encapsulation solutions equipment, automatic trim and form systems, test and finish handling systems, wafer separation systems, and wire bonding equipment, as well as light emitting diode testing, sorting, and taping systems. The Surface Mount Technology Solutions segment develops and sells DEK printers for the surface mount technology (SMT), semiconductor, and solar markets, as well as SIPLACE SMT placement solutions. The Materials segment engages in the production and sale of semiconductor packaging materials. This segment offers etched and stamped leadframes used by multinational chip manufacturers, independent integrated circuit assembly houses, and consumer electronics manufacturers; molded interconnect substrates; and IC and small signal discrete products. The company also trades in surface mount technology equipment, and semiconductor equipment and materials; and provides marketing services. ASM Pacific Technology Limited was founded in 1975 and is based in Tsing Yi, Hong Kong.

Details
Name: ASM Pacific Technology Limited
AY7A
Exchange: DB
Founded: 1975
HK$4,445,960,335
406,671,333
Website: http://www1.asmpacific.com
Address: ASM Pacific Technology Limited
8 Cheung Fai Road,
19th Floor, Gateway ts,
Tsing Yi,
New Territories, Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 522 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 02. Jan 1992
OTCPK ASMV.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
DB AY7A Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
SHSC 522 Ordinary Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 02. Jan 1992
SZSC 522 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 02. Jan 1992
OTCPK ASMV.Y UNSPONSORD ADR Pink Sheets LLC US USD 04. Nov 2008
Number of employees
Current staff
Staff numbers
14,800
ASM Pacific Technology employees.
Industry
Semiconductor Equipment
Semiconductors
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/19 21:17
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/17
Last earnings filing: 2019/03/29
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.