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ASX 
ASE Industrial Holding Co Ltd ADR (ASX)
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Upturn Advisory Summary
12/05/2025: ASX (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
3 Analysts rated it
Very few follow this stock; limited insights, higher-risk early investing.
1 Year Target Price $19.11
1 Year Target Price $19.11
| 2 | Strong Buy |
| 1 | Buy |
| 0 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -6.99% | Avg. Invested days 34 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 12/05/2025 |
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 33.18B USD | Price to earnings Ratio 31.04 | 1Y Target Price 19.11 |
Price to earnings Ratio 31.04 | 1Y Target Price 19.11 | ||
Volume (30-day avg) 3 | Beta 1.01 | 52 Weeks Range 6.70 - 16.39 | Updated Date 12/6/2025 |
52 Weeks Range 6.70 - 16.39 | Updated Date 12/6/2025 | ||
Dividends yield (FY) 34.96% | Basic EPS (TTM) 0.49 |
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 5.6% | Operating Margin (TTM) 7.83% |
Management Effectiveness
Return on Assets (TTM) 3.55% | Return on Equity (TTM) 10.86% |
Valuation
Trailing PE 31.04 | Forward PE 12.3 | Enterprise Value 38257859024 | Price to Sales(TTM) 0.05 |
Enterprise Value 38257859024 | Price to Sales(TTM) 0.05 | ||
Enterprise Value to Revenue 1.91 | Enterprise Value to EBITDA 10.31 | Shares Outstanding 2181600491 | Shares Floating 3120685739 |
Shares Outstanding 2181600491 | Shares Floating 3120685739 | ||
Percent Insiders - | Percent Institutions 7.7 |
Upturn AI SWOT
ASE Industrial Holding Co Ltd ADR
Company Overview
History and Background
ASE Industrial Holding Co., Ltd. (ASEH) is a holding company primarily involved in the semiconductor packaging and testing industry. It was founded in 1984 as Advanced Semiconductor Engineering, Inc. (ASE Inc.) in Taiwan. Key milestones include its initial public offering (IPO) on the Taiwan Stock Exchange and its listing as an American Depositary Receipt (ADR) on the New York Stock Exchange (NYSE). The company has grown through organic expansion and strategic acquisitions to become a global leader in the semiconductor supply chain.
Core Business Areas
- Semiconductor Packaging: ASE provides a wide range of semiconductor packaging services, including advanced packaging solutions like System-in-Package (SiP), Flip-Chip, and wafer-level packaging, catering to various applications such as consumer electronics, automotive, and high-performance computing.
- Semiconductor Testing: The company offers comprehensive semiconductor testing services, including wafer sort, final test, and reliability testing, to ensure the quality and performance of integrated circuits.
- Electronic Manufacturing Services (EMS): Through its subsidiaries, ASE also engages in EMS, providing complete manufacturing solutions for electronic products.
Leadership and Structure
ASE Industrial Holding Co., Ltd. is led by a management team with extensive experience in the semiconductor industry. The organizational structure is designed to support its global operations, with distinct divisions for packaging, testing, and EMS, often managed through various subsidiaries and joint ventures. Dr. Fred Lee is a key figure in its leadership history.
Top Products and Market Share
Key Offerings
- Advanced Packaging Solutions: ASE offers a comprehensive suite of advanced packaging technologies such as Flip-Chip, Wafer Level Packaging (WLP), and System-in-Package (SiP). These solutions are critical for enabling smaller, faster, and more powerful electronic devices. Market share data for specific product lines is proprietary, but ASE is a dominant player in the overall advanced packaging market. Key competitors include Amkor Technology, JCET Group, and various in-house packaging divisions of chip manufacturers.
- Wafer Bumping and Redistribution Layers (RDL): These are foundational services for advanced packaging, enabling finer interconnects and higher density. ASE is a leading provider. Competitors include Amkor Technology and others in the outsourced semiconductor assembly and test (OSAT) space.
- Standard Packaging: While focusing on advanced solutions, ASE also provides traditional packaging services like QFN, BGA, and QFP for a broad range of semiconductor devices. Competitors are numerous in this segment, including many OSAT providers.
Market Dynamics
Industry Overview
The semiconductor packaging and testing industry is a crucial segment of the global semiconductor supply chain, experiencing strong growth driven by demand for advanced electronics, artificial intelligence (AI), 5G, automotive electronics, and the Internet of Things (IoT). The industry is characterized by high capital expenditure, rapid technological innovation, and intense competition.
Positioning
ASE Industrial Holding Co., Ltd. is a global leader in the OSAT market, particularly strong in advanced packaging technologies. Its competitive advantages include its extensive R&D capabilities, broad customer base (including major chip manufacturers), global manufacturing footprint, and vertically integrated services.
Total Addressable Market (TAM)
The global semiconductor packaging market is valued in the tens of billions of dollars and is projected to continue growing. ASE Industrial Holding Co., Ltd. holds a significant share of this TAM, estimated to be around 25-30% in the outsourced packaging and testing segment.
Upturn SWOT Analysis
Strengths
- Dominant market position in advanced semiconductor packaging.
- Strong R&D capabilities and technological innovation.
- Global manufacturing footprint and diverse customer base.
- Vertically integrated services (packaging, testing, EMS).
- Established relationships with major semiconductor manufacturers.
Weaknesses
- High capital expenditure requirements.
- Reliance on cyclical semiconductor industry trends.
- Geopolitical risks and trade tensions affecting global supply chains.
- Intense competition from both OSATs and in-house divisions.
Opportunities
- Growing demand for advanced packaging in AI, HPC, and automotive sectors.
- Expansion into emerging markets and new application areas.
- Strategic partnerships and acquisitions to enhance capabilities.
- Increasing adoption of SiP and heterogeneous integration.
- Diversification into related electronic manufacturing services.
Threats
- Intensifying competition and pricing pressure.
- Technological obsolescence and the need for continuous innovation.
- Global economic slowdown impacting consumer electronics demand.
- Supply chain disruptions (e.g., material shortages, logistics issues).
- Regulatory changes and trade policies.
Competitors and Market Share
Key Competitors
- Amkor Technology (AMKR)
- JCET Group
- STATS ChipPAC (now part of JCET)
- King Yuan Electronics Co., Ltd. (KYEC)
- Powertech Technology Inc. (PTI)
Competitive Landscape
ASEH's advantages lie in its technological leadership, comprehensive service offering, and scale of operations. Its disadvantages compared to some competitors might include higher operational costs due to its advanced technology focus and potential exposure to shifts in major client strategies. Amkor Technology is a strong direct competitor across many segments, while JCET is a major player, particularly in China. Other companies specialize in specific niches or regions.
Growth Trajectory and Initiatives
Historical Growth: ASEH has demonstrated consistent historical growth, evolving from a regional player to a global leader in semiconductor packaging. This growth has been fueled by strategic expansions, technological advancements, and acquisitions. The company has consistently invested in capacity and capabilities to meet evolving industry demands.
Future Projections: Analyst estimates for ASEH's future growth are generally positive, driven by the continued demand for advanced semiconductor solutions in AI, automotive, and high-performance computing. Projections often highlight continued expansion in advanced packaging segments.
Recent Initiatives: Recent initiatives likely include expansion of manufacturing capacity, investments in new packaging technologies such as 2.5D/3D integration and advanced substrate technologies, and efforts to strengthen its position in high-growth markets like electric vehicles and AI accelerators.
Summary
ASE Industrial Holding Co., Ltd. is a robust leader in the critical semiconductor packaging and testing industry, demonstrating strong revenue and market positioning, especially in advanced packaging. Its extensive R&D, global footprint, and diverse customer base are significant strengths. However, the company must navigate the cyclical nature of the semiconductor market, intense competition, and ongoing capital expenditure demands. Continued investment in cutting-edge technologies and strategic expansion into high-growth sectors like AI and automotive are crucial for sustained success.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company Investor Relations Filings (e.g., SEC filings for ADR holders)
- Industry Analyst Reports (e.g., Gartner, IDC)
- Financial News and Data Providers (e.g., Bloomberg, Refinitiv)
- Company Official Website
Disclaimers:
This information is provided for informational purposes only and does not constitute financial advice. Market share data is an estimation based on industry analysis and may vary. Financial data and projections are subject to change. Investors should conduct their own due diligence before making any investment decisions.
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 103844 | Website https://www.aseglobal.com |
Full time employees 103844 | Website https://www.aseglobal.com | ||
ASE Technology Holding Co., Ltd., together with its subsidiaries, provides semiconductor manufacturing services in the United States, Taiwan, rest of Asia, Europe, and internationally. It operates through Packaging, Testing, EMS, and Others segments. The company offers semiconductor packaging, interconnect materials production, front-end engineering testing, wafer probing, and final testing services, as well as integrated solutions for EMS (electronic manufacturing services) in relation to computing, peripherals, communications, industrial, automotive, and server applications. It also provides turnkey services, such as packaging, testing, and direct shipment of semiconductors to end users; wire bonding, including lead frame and substrate-based packages; advanced packages; heterogeneous integration; and other test-related services. In addition, the company engages in the leasing of properties; development, construction, sale, and management of real estate properties; management of parking lot; leasing of properties for shopping center; and management of commercial complex services and department store trading activities, as well as offers social, marketing and sales, information software, leasing and investing, and after-sales and sales support services. Further, it engages in the substrates production; investment advisory and warehousing management; design and manufacturing of electronic components and new electronic applications; technical advisory; management, training, and consulting of organization and human resources; projection of plastic; manufacture and sale of antennas, RF amplifiers and wave straps, PCBs, and tuners; and research and development activities. The company was founded in 1984 and is based in Kaohsiung, Taiwan.
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