ASE Technology Holding Co., Ltd. (ASX) vs STMicroelectronics N.V. (STM)

ASE Technology Holding Co., Ltd. and STMicroelectronics N.V. are both Semiconductors companies. ASE Technology Holding Co., Ltd. is the larger, with a market value of $65.6B against $35.8B — 1.8× the size. ASE Technology Holding Co., Ltd. trades at the lower P/E: 27.2× against 70.6×. ASE Technology Holding Co., Ltd. grew revenue faster over the last twelve months: 25.7% against 15.9%. ASE Technology Holding Co., Ltd. has the higher net margin (9.70% vs 3.80%) and the higher return on invested capital (8.45% vs 2.95%). Both pay a dividend; ASE Technology Holding Co., Ltd. yields more (1.39% vs 0.89%). Across the 22 metrics below, ASE Technology Holding Co., Ltd. leads on 12 and STMicroelectronics N.V. on 10.

Valuation

Metric ASX STM Semiconductors median
P/E 27.24 70.56 36.98
P/S 2.76 2.76 6.03
P/B 5.80 2.06 3.87
Price to free cash flow n/m 165.34 43.80
EV/EBITDA 14.32 14.71 20.84
EV/Sales 3.03 2.66 5.07
Earnings yield 3.67% 1.42% 1.13%
Free cash flow yield (3.88%) 0.60% 1.06%

Profitability

Metric ASX STM Semiconductors median
Gross margin 20.82% 35.36% 52.21%
Operating margin 11.46% 5.48% 5.47%
Net margin 9.70% 3.80% 4.26%
Free cash flow margin (10.09%) 0.00% 5.02%
Return on equity 0.00% 2.86% 2.86%
Return on assets 7.15% 2.03% 2.03%
Return on invested capital 8.45% 2.95% 2.28%

Growth

Metric ASX STM Semiconductors median
Revenue growth (TTM) 25.69% 15.93% 17.60%
EPS growth (last fiscal year) 26.67% (89.16%) 27.66%
Revenue growth, 5-year CAGR 3.91% 2.92% 5.14%
Net income growth, 5-year CAGR 5.84% (31.57%) 0.00%

Health

Metric ASX STM Semiconductors median
Debt to equity 0.71 0.16 0.12
Current ratio 1.16 3.13 3.39
Net debt to EBITDA 1.01 (1.37) 0.53

Dividend

Metric ASX STM Semiconductors median
Dividend yield 1.39% 0.89% 1.62%
Payout ratio 0.38 0.64 0.38

Size

Metric ASX STM Semiconductors median
Market cap 65.61b 35.79b 5.69b

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