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ASE Technology (3711) TWD

At a glance: strengths & risks
✓Revenue growing (+27% y/y, Q2 2026)✓Profit growing (+180% y/y, Q2 2026)✓Margins improving (18%→22%, Q2 2026)✗Pricier than own history (EV/EBITDA 22.3 vs avg 9.4)

Sector: Packaging and testing

TW_3711

Price chart

684 TWDDay 2.09%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
684 TWD · 2.09%
Market cap
3008.0 bn TWD

Growth

Δ revenue y/y
26.7%
Δ EBITDA y/y
53.9%

Multiples

P/E (LTM)
50.0x
3y avg: 24.5x
P/B (FY)
8.8x
P/E (ann.)
35.7x
EV/EBITDA (LTM)
22.3x
3y avg: 9.4x
EV/EBITDA (ann.)
19.5x

Cash return

Dividend yield
1.0%
FCF yield (LTM)
0.1%

Value creation

fundamental value/yr, % of market cap
Value created / year
+25.6%
↓ details

Liquidity

Daily turnover (listing)
10.5 bln TWD

Shares: connector/market_inputs

Amounts: USD (converted) · As reported
Converted modes use NBK / ECB-linked rates: balance sheet date for BS items, period average for P&L and cash flow (see filing row evidence). As reported keeps each row in its filing currency.

Financial results

Monetary columns are in B TWD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueB TWDOperating profitB TWDD&AB TWDEBITDAB TWDNet profitB TWDOperating CFB TWDCapex + M&AB TWDAssetsB TWDEquityB TWDROE (annualized)Net debtB TWDSource
2026-06-30Q2 2026 (3M)OK191.1
y/y 26.7%
21.1
y/y 107.3%
20.0
y/y 21.0%
41.1
y/y 53.9%
21.1
y/y 180.1%
47.0-79.81071.3
y/y 40.0%
389.2
y/y 32.5%
22.8%205.1Yahoo Finance
2026-03-31Q1 2026 (3M)OK173.7
y/y 17.2%
17.5
y/y 81.3%
18.6
y/y 15.9%
36.2
y/y 40.4%
14.1
y/y 87.3%
36.4-46.4957.5
y/y —
350.6
y/y —
16.3%159.8Yahoo Finance
2025-12-31Q4 2025 (3M)OK177.9
y/y —
18.5
y/y —
17.8
y/y —
36.3
y/y —
14.1
y/y —
70.8-41.5889.5
y/y 20.0%
342.2
y/y 6.9%
12.1%162.3Yahoo Finance
2025-09-30Q3 2025 (3M)OK168.6
y/y —
13.2
y/y —
17.0
y/y —
30.2
y/y —
10.9
y/y —
14.6-44.9842.6
y/y —
317.0
y/y —
4.7%211.6Yahoo Finance
2025-06-30Q2 2025 (3M)OK150.8
y/y —
10.2
y/y —
16.5
y/y —
26.7
y/y —
7.5
y/y —
36.8-43.1765.2
y/y —
293.8
y/y —
—159.5Yahoo Finance
2025-03-31Q1 2025 (3M)PARTIAL148.2
y/y —
9.7
y/y —
16.1
y/y —
25.8
y/y —
7.6
y/y —
20.0-37.6—
y/y —
—
y/y —
—≈ 117.1Yahoo Finance
2024-12-31FY 2024 (12M)OK595.4
y/y 2.3%
40.4
y/y -3.5%
59.8
y/y 2.9%
100.2
y/y 0.2%
32.4
y/y -8.7%
90.8-81.7741.1
y/y 11.0%
320.0
y/y 8.7%
10.5%117.1Yahoo Finance
2023-12-31FY 2023 (12M)OK581.9
y/y —
41.9
y/y —
58.1
y/y —
100.0
y/y —
35.5
y/y —
114.4-54.6667.4
y/y —
294.5
y/y —
—103.7Yahoo Finance

Revenue & EBITDA

RevenueEBITDA

Quarterly values (TWD mln)

0200 000400 000600 0002023 FY2024 FY2025 q12025 q22025 q32025 q42026 q12026 q2

Year-over-year change

0%20%40%60%2023 FY2024 FY2025 q12025 q22025 q32025 q42026 q12026 q2

Cash flow

Operating and investing cash flow (OCF + ICF) (TWD mln)

-40 000-20 000020 00040 00060 0002023 FY2024 FY2025 q12025 q22025 q32025 q42026 q12026 q2

Net debt / cash (TWD mln)

050 000100 000150 000200 000250 0002023 FY2024 FY2025 q12025 q22025 q32025 q42026 q12026 q2

Profit and cash

Profit is cash-backed
In a typical year of 2022–2025 operating cash flow came to 3.02x of reported net profit; after capex, 0.44x.
year2022202320242025
cash flow / profit1.80x3.23x2.80x3.56x
accruals, % of assets-7.0%-11.8%-7.9%-11.5%
Last twelve months (to 2026-06-30): 2.81x of profit came back as operating cash flow.
net debt / EBITDA 1.3x · capex 1.6x of depreciation
Read from the reported annual statements: cash flow / profit is the median of the yearly operating cash flow over net profit for the years shown; accruals are (profit − operating cash flow) / assets, the classic gap between what was booked and what was collected. A gap can be growth in working capital, capitalised costs, revaluations or profit from associates — the panel points at it, the statements explain it. Not investment advice.

Fundamental value creation

Value the company creates per year, as a % of market cap

Value created per year: +25.6%

How this was calculated
1. EBITDA growth (latest quarter YoY, annualised)
[EBITDA latest qtr − EBITDA year-ago qtr] × annualisation X (2026-06-30 vs 2025-06-30)
= (41 134 − 26 724) × 3.50
50 377
2. Current EV/EBITDA (LTM)
(Market cap + Net debt) ÷ EBITDA (LTM)
= (3 007 978 + 205 146) ÷ 143 803
22.3x
3. Target multiple
(Current EV/EBITDA + 10) ÷ 2
= (22.3 + 10) ÷ 2
16.2x
4. Cash flow (balance method, LTM)
Net-debt reduction + dividends + buybacks − equity issuance
= -45 638 + 0 + 0 − 0
-45 638
5. Value created per year
(EBITDA growth × Target multiple + Cash flow − Dilution) ÷ Market cap
= (50 377 × 16.2 + -45 638) ÷ 3 007 978
+25.6%

Amounts in millions of the reporting currency. EBITDA growth is the latest quarter vs the same quarter a year ago, annualised.

Caveats:

  • dividends/buybacks not in data - balance cash flow uses net-debt change only

Revenue growth & acceleration

Growth accelerating ▲
Last-year revenue growth +8% vs +2% the year before — a +6.1 pp move. 3-year CAGR -1%.
revenue growth by year: 2023 -13% · 2024 +2% · 2025 +8%
The growth-acceleration signal behind the GARP+acceleration strategy — it favours companies whose revenue growth is speeding up and flags those slowing down (the second derivative of growth).

Dividends

Paid (completed)

DatePer shareDetailsStatusSource
2026-07-036.5848 TWDEx-dividend: 6.5848 TWD per sharePaidYahoo Finance (ex-div)
2025-07-025.2961 TWDEx-dividend: 5.2961 TWD per sharePaidYahoo Finance (ex-div)
2024-07-015.2023 TWDEx-dividend: 5.2023 TWD per sharePaidYahoo Finance (ex-div)
2023-06-308.7932 TWDEx-dividend: 8.7932 TWD per sharePaidYahoo Finance (ex-div)
2022-06-296.996 TWDEx-dividend: 6.996 TWD per sharePaidYahoo Finance (ex-div)

KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).

Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of ASE Technology (3711) — from primary filings.

Frequently asked questions

What is ASE Technology (3711)'s P/E ratio?
ASE Technology (3711) trades at a P/E of 50.0x (price to trailing 12-month earnings).
What is ASE Technology (3711)'s EV/EBITDA?
ASE Technology (3711) trades at 22.3x EV/EBITDA.
What is ASE Technology (3711)'s P/B ratio?
ASE Technology (3711) trades at a P/B of 8.8x.
What is ASE Technology (3711)'s dividend yield?
ASE Technology (3711)'s trailing 12-month dividend yield is 1.0%.
What is ASE Technology (3711)'s return on equity (ROE)?
ASE Technology (3711)'s ROE is 22.8%.
What is ASE Technology (3711)'s market capitalization?
ASE Technology (3711)'s market cap is 3008.0 bn TWD.

See also: The Cheapest Stocks in the World (2026): What Value Investing Says About Buying Cheap · global valuation map