Ase Technology Holding Intrinsic Value Calculator – ASE TECHNOLOGY HOLDING Reports FY2022 Q4 Earnings Results for December 31 2022
March 21, 2023
Earnings Overview
On February 9 2023, ASE TECHNOLOGY HOLDING ($TWSE:3711) reported their earnings results for the fourth quarter of FY2022, which ended on December 31 2022. Revenues for the quarter totalled TWD 15.7 billion, a 49.1% decrease from the previous year’s figure, while net income was up slightly by 2.6%, amounting to TWD 177.4 billion.
Market Price
ASE TECHNOLOGY HOLDING reported its fourth quarter earnings results for the fiscal year 2022 on Thursday. The stock opened the day at NT$104.5 and closed at NT$106.0, an increase of nearly two percent. The company’s Chairman and CEO Dr. Tung-Yi Chiang commented on the results: “We continued to deliver strong financial performance in FY 2022 with double-digit growth in both revenues and net income over the prior year.
Going forward, we will keep innovating and responding quickly to changes in the market, while also focusing on cost efficiency and leveraging our core competencies to create value for shareholders and customers alike.” Overall, ASE TECHNOLOGY HOLDING’s strong financial performance and positive outlook appears to be encouraging investors as the stock closed at a new high on Thursday. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Ase Technology Holding. More…
| Total Revenues | Net Income | Net Margin |
| 670.87k | 62.09k | 9.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ase Technology Holding. More…
| Operations | Investing | Financing |
| 110.98k | -73.95k | -62.4k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ase Technology Holding. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 707.07k | 387.14k | 70.22 |
Key Ratios Snapshot
Some of the financial key ratios for Ase Technology Holding are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 17.5% | 48.3% | 12.7% |
| FCF Margin | ROE | ROA |
| 5.8% | 18.0% | 7.5% |
Analysis – Ase Technology Holding Intrinsic Value Calculator
At GoodWhale, we have conducted a comprehensive analysis of ASE TECHNOLOGY HOLDING’s financials. Our proprietary Valuation Line indicates that the fair value of ASE TECHNOLOGY HOLDING’s share is approximately NT$111.9. However, the current trading price stands at NT$106.0, which is a fair price undervalued by 5.3%. Therefore, we recommend investors to take advantage of this opportunity and consider investing in ASE TECHNOLOGY HOLDING. More…
Peers
Its major competitors include Forehope Electronic (Ningbo) Co Ltd, Micro Silicon Electronics Co Ltd, and Amkor Technology Inc. All four companies specialize in providing sophisticated semiconductor assembly and test services to the semiconductor industry, making them formidable competitors in the market.
– Forehope Electronic (Ningbo) Co Ltd ($SHSE:688362)
Forehope Electronic (Ningbo) Co Ltd is a Chinese electronics manufacturer that produces and sells products such as printed circuit boards, connectors, antennas, and more. The company has a market cap of 10.23B as of 2023, making it one of the larger players in its industry. Additionally, the company’s return on equity (ROE) of 17.74% indicates that it is able to generate a healthy return from its investments. This is an indication of the company’s financial health and its ability to generate value for its shareholders.
– Micro Silicon Electronics Co Ltd ($TPEX:8162)
Micro Silicon Electronics Co Ltd is a technology company that specializes in semiconductor and integrated circuit (IC) production. As of 2023, the company has a market capitalization of 2.3 billion and a Return on Equity of 18.35%, indicating that it has a strong financial performance. The company’s market capitalization is a measure of its overall value and can be used to compare it to other companies in the industry. The high ROE shows that the company is able to generate more profits from its shareholders’ invested capital. This suggests that the company has good management and a strong competitive advantage.
– Amkor Technology Inc ($NASDAQ:AMKR)
Amkor Technology Inc is a leading global provider of advanced semiconductor packaging and test services. The company has a market capitalization of 6.76 billion dollars as of 2023 and a Return on Equity of 17.69%. This indicates that the company has been doing well and has been able to increase its shareholders’ equity over time. Amkor is known for its advanced packaging solutions, which help its customers develop and produce high-performance, cost-effective semiconductor solutions. The company also offers various testing solutions and services to help ensure the quality and reliability of its customers’ products.
Summary
ASE Technology Holding reported a decrease in revenue of 49.1% for their FY2022 Q4, ending December 31 2022. However, despite the decrease, net income grew by 2.6% compared to the same period last year. Investors may be encouraged by the increase in net income, but also be cautious of the drop in revenue. It is important to further analyze the company’s financial statements, cash flow and other performance metrics to determine if ASE Technology Holding is a viable investment.
