ASE Technology Holding Co., Ltd. (ASX) vs QUALCOMM Incorporated (QCOM)

ASE Technology Holding Co., Ltd. and QUALCOMM Incorporated are both Semiconductors companies. QUALCOMM Incorporated is the larger, with a market value of $190.5B against $92.1B — 2.1× the size. QUALCOMM Incorporated trades at the lower P/E: 19.7× against 44.4×. ASE Technology Holding Co., Ltd. grew revenue faster over the last twelve months: 19.5% against 1.87%. QUALCOMM Incorporated has the higher net margin (21.0% vs 8.44%) and the higher return on invested capital (18.5% vs 8.05%). Both pay a dividend; QUALCOMM Incorporated yields more (2.10% vs 1.06%). Across the 22 metrics below, QUALCOMM Incorporated leads on 17 and ASE Technology Holding Co., Ltd. on 5.

Valuation

Metric ASX QCOM Semiconductors median
P/E 44.42 19.71 45.58
P/S 3.92 4.13 7.63
P/B 7.58 6.58 4.90
Price to free cash flow n/m 17.44 48.34
EV/EBITDA 20.46 16.00 28.36
EV/Sales 4.10 4.29 7.15
Earnings yield 2.25% 5.07% 0.75%
Free cash flow yield (1.50%) 5.73% 0.67%

Profitability

Metric ASX QCOM Semiconductors median
Gross margin 19.47% 54.23% 52.28%
Operating margin 9.85% 23.19% 4.76%
Net margin 8.44% 21.01% 4.26%
Free cash flow margin (5.21%) 23.67% 8.47%
Return on equity 0.00% 33.75% 2.59%
Return on assets 6.52% 16.50% 1.78%
Return on invested capital 8.05% 18.45% 2.27%

Growth

Metric ASX QCOM Semiconductors median
Revenue growth (TTM) 19.52% 1.87% 16.92%
EPS growth (last fiscal year) 26.67% (44.15%) 27.17%
Revenue growth, 5-year CAGR 3.91% 13.48% 5.83%
Net income growth, 5-year CAGR 5.84% 1.29% 0.00%

Health

Metric ASX QCOM Semiconductors median
Debt to equity 0.56 0.55 0.05
Current ratio 1.07 2.02 3.28
Net debt to EBITDA 1.01 0.17 0.58

Dividend

Metric ASX QCOM Semiconductors median
Dividend yield 1.06% 2.10% 1.19%
Payout ratio 0.49 0.42 0.40

Size

Metric ASX QCOM Semiconductors median
Market cap 92.11b 190.50b 5.43b

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