ASE Technology Holding Co., Ltd. (ASX) vs Microchip Technology Incorporated (MCHP)

ASE Technology Holding Co., Ltd. and Microchip Technology Incorporated are both Semiconductors companies. ASE Technology Holding Co., Ltd. is the larger, with a market value of $96.9B against $41.0B — 2.4× the size. ASE Technology Holding Co., Ltd. trades at the lower P/E: 50.0× against 117×. Microchip Technology Incorporated grew revenue faster over the last twelve months: 20.9% against 19.5%. ASE Technology Holding Co., Ltd. has the higher net margin (8.44% vs 7.17%) and the higher return on invested capital (8.05% vs 4.30%). Both pay a dividend; ASE Technology Holding Co., Ltd. yields more (3.67% vs 2.06%). Across the 22 metrics below, ASE Technology Holding Co., Ltd. leads on 13 and Microchip Technology Incorporated on 9.

Valuation

Metric ASX MCHP Semiconductors median
P/E 49.97 117.45 49.41
P/S 4.41 8.33 8.58
P/B 8.53 6.62 5.49
Price to free cash flow n/m 38.43 47.02
EV/EBITDA 22.90 33.01 30.78
EV/Sales 4.59 9.71 8.79
Earnings yield 2.00% 0.85% 0.62%
Free cash flow yield (1.33%) 2.60% 0.59%

Profitability

Metric ASX MCHP Semiconductors median
Gross margin 19.47% 60.19% 52.25%
Operating margin 9.85% 15.52% 4.85%
Net margin 8.44% 7.17% 4.77%
Free cash flow margin (5.21%) 21.69% 8.65%
Return on equity 0.00% 5.52% 3.11%
Return on assets 6.52% 2.50% 1.91%
Return on invested capital 8.05% 4.30% 2.46%

Growth

Metric ASX MCHP Semiconductors median
Revenue growth (TTM) 19.52% 20.93% 16.66%
EPS growth (last fiscal year) 26.67% 2,300.00% —
Revenue growth, 5-year CAGR 3.91% (2.82%) 5.60%
Net income growth, 5-year CAGR 5.84% (19.41%) 0.00%

Health

Metric ASX MCHP Semiconductors median
Debt to equity 0.56 0.83 0.05
Current ratio 1.07 1.92 3.35
Net debt to EBITDA 1.01 4.33 0.58

Dividend

Metric ASX MCHP Semiconductors median
Dividend yield 3.67% 2.06% 1.93%
Payout ratio 0.86 0.32 0.00

Size

Metric ASX MCHP Semiconductors median
Market cap 96.92b 41.04b 5.67b

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