3711 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$79.10|
|52 Week High||NT$133.50|
|52 Week Low||NT$79.00|
|1 Month Change||-23.20%|
|3 Month Change||-23.58%|
|1 Year Change||-29.38%|
|3 Year Change||22.83%|
|5 Year Change||n/a|
|Change since IPO||-1.49%|
Recent News & Updates
|3711||TW Semiconductor||TW Market|
Return vs Industry: 3711 underperformed the TW Semiconductor industry which returned -18.4% over the past year.
Return vs Market: 3711 underperformed the TW Market which returned -12% over the past year.
|3711 Average Weekly Movement||4.3%|
|Semiconductor Industry Average Movement||5.8%|
|Market Average Movement||4.7%|
|10% most volatile stocks in TW Market||8.2%|
|10% least volatile stocks in TW Market||2.3%|
Stable Share Price: 3711 is not significantly more volatile than the rest of TW stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: 3711's weekly volatility (4%) 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
|3711 fundamental statistics|
Is 3711 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|3711 income statement (TTM)|
|Cost of Revenue||NT$477.96b|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||15.95|
|Net Profit Margin||11.49%|
How did 3711 perform over the long term?See historical performance and comparison
8.8%Current Dividend Yield
Does 3711 pay a reliable dividends?See 3711 dividend history and benchmarks
|ASE Technology Holding dividend dates|
|Ex Dividend Date||Jun 29 2022|
|Dividend Pay Date||Jul 28 2022|
|Days until Ex dividend||1 day|
|Days until Dividend pay date||28 days|
Does 3711 pay a reliable dividends?See 3711 dividend history and benchmarks
Is 3711 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 5/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 3711?
Other financial metrics that can be useful for relative valuation.
|What is 3711's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does 3711's PE Ratio compare to its peers?
|3711 PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
2303 United Microelectronics
2408 Nanya Technology
2379 Realtek Semiconductor
3711 ASE Technology Holding
Price-To-Earnings vs Peers: 3711 is good value based on its Price-To-Earnings Ratio (5x) compared to the peer average (15.6x).
Price to Earnings Ratio vs Industry
How does 3711's PE Ratio compare vs other companies in the TW Semiconductor Industry?
Price-To-Earnings vs Industry: 3711 is good value based on its Price-To-Earnings Ratio (5x) compared to the TW Semiconductor industry average (13.3x)
Price to Earnings Ratio vs Fair Ratio
What is 3711's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||5x|
|Fair PE Ratio||15.5x|
Price-To-Earnings vs Fair Ratio: 3711 is good value based on its Price-To-Earnings Ratio (5x) compared to the estimated Fair Price-To-Earnings Ratio (15.5x).
Share Price vs Fair Value
What is the Fair Price of 3711 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 3711 (NT$79.1) is trading below our estimate of fair value (NT$208.85)
Significantly Below Fair Value: 3711 is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: 3711 is poor value based on its PEG Ratio (10x)
Discover undervalued companies
How is ASE Technology Holding forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?
Future Growth Score0/6
Future Growth Score 0/6
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: 3711's forecast earnings growth (0.5% per year) is below the savings rate (0.7%).
Earnings vs Market: 3711's earnings (0.5% per year) are forecast to grow slower than the TW market (7.2% per year).
High Growth Earnings: 3711's earnings are forecast to grow, but not significantly.
Revenue vs Market: 3711's revenue (6.9% per year) is forecast to grow slower than the TW market (7.5% per year).
High Growth Revenue: 3711's revenue (6.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 3711's Return on Equity is forecast to be low in 3 years time (18.7%).
Discover growth companies
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: 3711 has a large one-off gain of NT$17.2B impacting its March 31 2022 financial results.
Growing Profit Margin: 3711's current net profit margins (11.5%) are higher than last year (6.4%).
Past Earnings Growth Analysis
Earnings Trend: 3711's earnings have grown significantly by 20.4% per year over the past 5 years.
Accelerating Growth: 3711's earnings growth over the past year (112.4%) exceeds its 5-year average (20.4% per year).
Earnings vs Industry: 3711 earnings growth over the past year (112.4%) exceeded the Semiconductor industry 67.8%.
Return on Equity
High ROE: 3711's Return on Equity (26.8%) is considered high.
Discover strong past performing companies
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: 3711's short term assets (NT$307.0B) exceed its short term liabilities (NT$250.7B).
Long Term Liabilities: 3711's short term assets (NT$307.0B) exceed its long term liabilities (NT$181.7B).
Debt to Equity History and Analysis
Debt Level: 3711's net debt to equity ratio (44.3%) is considered high.
Reducing Debt: 3711's debt to equity ratio has increased from 55% to 78.1% over the past 5 years.
Debt Coverage: 3711's debt is well covered by operating cash flow (45.2%).
Interest Coverage: 3711's interest payments on its debt are well covered by EBIT (37x coverage).
Discover healthy companies
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: 3711's dividend (8.85%) is higher than the bottom 25% of dividend payers in the TW market (2.54%).
High Dividend: 3711's dividend (8.85%) is in the top 25% of dividend payers in the TW market (6.32%)
Stability and Growth of Payments
Stable Dividend: 3711 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 3711'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 (44.1%), 3711's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (161.6%), 3711's dividend payments are not well covered by cash flows.
Discover strong dividend paying companies
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: 3711's management team is seasoned and experienced (8 years average tenure).
Experienced Board: 3711's board of directors are considered experienced (4.3 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: 3711
- Exchange: TWSE
- Founded: 1984
- Industry: Semiconductors
- Sector: Semiconductors
- Implied Market Cap: NT$338.909b
- Shares outstanding: 4.28b
- 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||2022/06/29 00:00|
|End of Day Share Price||2022/06/29 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.