Added to YB: 2026-04-17
Pitch date: 2026-04-15
ASX [neutral]
ASE Technology Holding Co., Ltd.
+0.11%
current return
Author Info
No bio for this author
Company Info
ASE Technology Holding Co., Ltd., together with its subsidiaries, provides semiconductor manufacturing services in the United States, Taiwan, rest of Asia, Europe, and internationally.
Market Cap
TWD 1.9T
Pitch Price
TWD 450.00
Price Target
N/A
Dividend
1.25%
EV/EBITDA
17.31
P/E
47.68
EV/Sales
3.17
Sector
Semiconductors and Semiconductor Equipment
Category
value
The Backbone of the AI Supply Chain: ASE Technology
ASX (deep dive): Dominant 44.6% OSAT mkt share; ATM segment (87% op profit) driving value. LEAP services doubled to TWD1.6B (13% ATM rev) in 2025, mgmt targets another 2x in 2026. Testing +36% YoY. FY25 rev +8.4%, EPS +25.2% showing op leverage. Q1'26 rev +21.9% YoY on AI demand. Risks: EMS drag suppresses multiple, Taiwan geopolitical exposure, LEAP still small in absolute terms. Bull: sum-of-parts mispricing, LEAP margin inflection coming, Taiwan cluster moat durable.
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