Ase Industrial Holding Stock Z Score

ASX Stock

USD 10.05 0.30 2.90%

Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Check out ASE Industrial Piotroski F Score and ASE Industrial Valuation analysis.

At this time, ASE Industrial's Capital Lease Obligations is fairly stable compared to the past year. Change In Working Capital is likely to rise to about 20.3 B in 2024, whereas Capital Surpluse is likely to drop slightly above 103 B in 2024. At this time, ASE Industrial's Selling And Marketing Expenses is fairly stable compared to the past year.

ASE Industrial Holding Company Z Score Analysis

ASE Industrial's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..

Z Score

Sum Of

5 Factors

More About Z Score | All Equity Analysis

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

ASE Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for ASE Industrial is extremely important. It helps to project a fair market value of ASE Stock properly, considering its historical fundamentals such as Z Score. Since ASE Industrial's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of ASE Industrial's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of ASE Industrial's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Short Term Investments	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Current Deferred Revenue	Long Term Debt	Good Will	Intangible Assets	Property Plant Equipment	Treasury Stock	Net Tangible Assets	Long Term Investments	Short Long Term Debt	Net Invested Capital	Cash And Equivalents	Net Working Capital	Capital Stock
Total Assets		0.97	0.78	0.74	0.98	0.98	0.42	0.87	0.99	0.82	-0.33	0.81	0.91	0.94	0.91	0.93	-0.75	0.57	0.35	0.02	0.91	0.59	0.82	0.54
Total Stockholder Equity	0.97		0.64	0.85	0.95	0.98	0.39	0.77	0.97	0.85	-0.2	0.77	0.84	0.86	0.81	0.92	-0.82	0.63	0.44	-0.07	0.85	0.51	0.82	0.63
Net Debt	0.78	0.64		0.21	0.79	0.7	0.45	0.94	0.74	0.51	-0.5	0.68	0.84	0.88	0.91	0.7	-0.35	0.32	0.11	0.2	0.78	0.56	0.59	0.14
Retained Earnings	0.74	0.85	0.21		0.7	0.81	0.06	0.43	0.77	0.72	-0.06	0.48	0.53	0.54	0.45	0.73	-0.83	0.68	0.45	-0.06	0.66	0.34	0.8	0.74
Accounts Payable	0.98	0.95	0.79	0.7		0.97	0.39	0.89	0.98	0.77	-0.33	0.82	0.9	0.93	0.9	0.9	-0.76	0.59	0.37	0.12	0.92	0.6	0.82	0.47
Net Receivables	0.98	0.98	0.7	0.81	0.97		0.35	0.81	0.98	0.83	-0.33	0.77	0.89	0.92	0.88	0.94	-0.79	0.64	0.35	0.08	0.93	0.59	0.87	0.64
Short Term Investments	0.42	0.39	0.45	0.06	0.39	0.35		0.42	0.4	0.44	0.01	0.41	0.36	0.42	0.46	0.33	-0.17	0.13	0.11	-0.35	0.19	0.27	0.05	-0.06
Total Liab	0.87	0.77	0.94	0.43	0.89	0.81	0.42		0.86	0.6	-0.41	0.74	0.83	0.87	0.87	0.75	-0.56	0.5	0.24	0.1	0.84	0.57	0.75	0.25
Total Current Assets	0.99	0.97	0.74	0.77	0.98	0.98	0.4	0.86		0.84	-0.26	0.75	0.84	0.89	0.85	0.87	-0.76	0.57	0.32	0.01	0.88	0.6	0.83	0.5
Short Term Debt	0.82	0.85	0.51	0.72	0.77	0.83	0.44	0.6	0.84		0.01	0.48	0.6	0.69	0.65	0.67	-0.52	0.33	0.11	-0.13	0.67	0.44	0.65	0.65
Common Stock	-0.33	-0.2	-0.5	-0.06	-0.33	-0.33	0.01	-0.41	-0.26	0.01		-0.49	-0.55	-0.55	-0.58	-0.46	0.24	-0.3	0.16	-0.44	-0.6	-0.41	-0.5	-0.24
Current Deferred Revenue	0.81	0.77	0.68	0.48	0.82	0.77	0.41	0.74	0.75	0.48	-0.49		0.84	0.83	0.84	0.83	-0.78	0.47	0.37	0.04	0.78	0.55	0.63	0.35
Long Term Debt	0.91	0.84	0.84	0.53	0.9	0.89	0.36	0.83	0.84	0.6	-0.55	0.84		0.96	0.96	0.95	-0.65	0.56	0.4	0.16	0.9	0.63	0.74	0.48
Good Will	0.94	0.86	0.88	0.54	0.93	0.92	0.42	0.87	0.89	0.69	-0.55	0.83	0.96		0.99	0.91	-0.63	0.51	0.19	0.2	0.94	0.61	0.77	0.48
Intangible Assets	0.91	0.81	0.91	0.45	0.9	0.88	0.46	0.87	0.85	0.65	-0.58	0.84	0.96	0.99		0.89	-0.58	0.47	0.17	0.2	0.91	0.63	0.72	0.42
Property Plant Equipment	0.93	0.92	0.7	0.73	0.9	0.94	0.33	0.75	0.87	0.67	-0.46	0.83	0.95	0.91	0.89		-0.78	0.68	0.5	0.08	0.9	0.54	0.8	0.64
Treasury Stock	-0.75	-0.82	-0.35	-0.83	-0.76	-0.79	-0.17	-0.56	-0.76	-0.52	0.24	-0.78	-0.65	-0.63	-0.58	-0.78		-0.76	-0.54	-0.1	-0.73	-0.53	-0.79	-0.54
Net Tangible Assets	0.57	0.63	0.32	0.68	0.59	0.64	0.13	0.5	0.57	0.33	-0.3	0.47	0.56	0.51	0.47	0.68	-0.76		0.54	0.19	0.64	0.3	0.75	0.56
Long Term Investments	0.35	0.44	0.11	0.45	0.37	0.35	0.11	0.24	0.32	0.11	0.16	0.37	0.4	0.19	0.17	0.5	-0.54	0.54		-0.18	0.21	0.11	0.24	0.2
Short Long Term Debt	0.02	-0.07	0.2	-0.06	0.12	0.08	-0.35	0.1	0.01	-0.13	-0.44	0.04	0.16	0.2	0.2	0.08	-0.1	0.19	-0.18		0.33	0.24	0.27	0.03
Net Invested Capital	0.91	0.85	0.78	0.66	0.92	0.93	0.19	0.84	0.88	0.67	-0.6	0.78	0.9	0.94	0.91	0.9	-0.73	0.64	0.21	0.33		0.62	0.92	0.62
Cash And Equivalents	0.59	0.51	0.56	0.34	0.6	0.59	0.27	0.57	0.6	0.44	-0.41	0.55	0.63	0.61	0.63	0.54	-0.53	0.3	0.11	0.24	0.62		0.58	0.24
Net Working Capital	0.82	0.82	0.59	0.8	0.82	0.87	0.05	0.75	0.83	0.65	-0.5	0.63	0.74	0.77	0.72	0.8	-0.79	0.75	0.24	0.27	0.92	0.58		0.69
Capital Stock	0.54	0.63	0.14	0.74	0.47	0.64	-0.06	0.25	0.5	0.65	-0.24	0.35	0.48	0.48	0.42	0.64	-0.54	0.56	0.2	0.03	0.62	0.24	0.69

Click cells to compare fundamentals

To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.

Competition

Predict ASE Industrial

In accordance with the company's disclosures, ASE Industrial Holding has a Z Score of 0.0. This is 100.0% lower than that of the Semiconductors & Semiconductor Equipment sector and 100.0% lower than that of the Information Technology industry. The z score for all United States stocks is 100.0% higher than that of the company.

ASE Industrial Current Valuation Drivers

We derive many important indicators used in calculating different scores of ASE Industrial from analyzing ASE Industrial's financial statements. These drivers represent accounts that assess ASE Industrial's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of ASE Industrial's important valuation drivers and their relationship over time.

	2019	2020	2021	2022	2023	2024 (projected)
Market Cap	707.1B	699.7B	930.0B	823.1B	1.2T	1.3T
Enterprise Value	861.9B	851.4B	1.1T	959.6B	1.4T	1.4T

ASE Industrial Institutional Holders

Institutional Holdings refers to the ownership stake in ASE Industrial that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of ASE Industrial's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing ASE Industrial's value.

		Shares
Rafferty Asset Management, Llc	2023-12-31	3.9 M
Cullen Capital Management, Llc	2023-12-31	2.9 M
Envestnet Asset Management Inc	2023-12-31	2.7 M
Grantham, Mayo, Van Otterloo & Co., Llc	2023-12-31	2.6 M
Natixis Advisors, Llc.	2023-12-31	2.4 M
Barclays Plc	2023-12-31	2.4 M
Sei Investments Co	2023-12-31	1.9 M
American Century Companies Inc	2023-12-31	1.7 M
Crossmark Global Holdings, Inc.	2023-12-31	1.7 M
Lazard Asset Management Llc	2023-12-31	20.7 M
Fisher Asset Management, Llc	2023-12-31	17.3 M

ASE Fundamentals

	Return On Equity	0.11
	Return On Asset	0.0367
	Profit Margin	0.05 %
	Operating Margin	0.07 %
	Current Valuation	172.77 B
	Shares Outstanding	2.16 B
	Shares Owned By Institutions	6.94 %
	Number Of Shares Shorted	11.32 M
	Price To Earning	12.08 X
	Price To Book	2.56 X
	Price To Sales	0.04 X
	Revenue	581.91 B
	Gross Profit	134.93 B
	EBITDA	98.43 B
	Net Income	31.73 B
	Cash And Equivalents	10.4 B
	Cash Per Share	36.85 X
	Total Debt	179.22 B
	Debt To Equity	0.74 %
	Current Ratio	1.18 X
	Book Value Per Share	69.06 X
	Cash Flow From Operations	105.97 B
	Short Ratio	1.41 X
	Earnings Per Share	0.49 X
	Price To Earnings To Growth	1.38 X
	Target Price	10.61
	Number Of Employees	92.91 K
	Beta	1.09
	Market Capitalization	22.35 B
	Total Asset	666.58 B
	Retained Earnings	95.81 B
	Working Capital	78.11 B
	Current Asset	156.73 B
	Current Liabilities	122.7 B
	Annual Yield	0.06 %
	Five Year Return	3.37 %
	Net Asset	666.58 B

About ASE Industrial Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze ASE Industrial Holding's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ASE Industrial using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ASE Industrial Holding based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

ASE Industrial Investors Sentiment

The influence of ASE Industrial's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in ASE. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to ASE Industrial's public news can be used to forecast risks associated with an investment in ASE. The trend in average sentiment can be used to explain how an investor holding ASE can time the market purely based on public headlines and social activities around ASE Industrial Holding. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

ASE Industrial's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for ASE Industrial's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average ASE Industrial's news discussions. The higher the estimated score, the more favorable is the investor's outlook on ASE Industrial.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards ASE Industrial in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, ASE Industrial's short interest history, or implied volatility extrapolated from ASE Industrial options trading.

Pair Trading with ASE Industrial

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ASE Industrial position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ASE Industrial will appreciate offsetting losses from the drop in the long position's value.

Moving together with ASE Stock

0.84	ENTG	Entegris Financial Report 9th of May 2024	Pair Corr
0.83	KLAC	KLA Tencor Earnings Call This Week	Pair Corr

Moving against ASE Stock

0.71	G	Genpact Limited Financial Report 8th of May 2024	Pair Corr
0.68	III	Information Services Financial Report 13th of May 2024	Pair Corr
0.67	ACLS	Axcelis Technologies Financial Report 1st of May 2024	Pair Corr
0.57	AEHR	Aehr Test Systems Financial Report 11th of July 2024	Pair Corr
0.52	ZD	Ziff Davis Financial Report 14th of May 2024	Pair Corr

The ability to find closely correlated positions to ASE Industrial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ASE Industrial when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ASE Industrial - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ASE Industrial Holding to buy it.

The correlation of ASE Industrial is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ASE Industrial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ASE Industrial Holding moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for ASE Industrial can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether ASE Industrial Holding offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ASE Industrial's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ase Industrial Holding Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ase Industrial Holding Stock:

How To Invest In ASE

Details

Is ASE Stock a good investment?

Details

What is ASE Industrial's Net Worth?

Details

Largest Semiconductors & Semiconductor Equipment Companies

View

Largest Information Technology Companies

View

Check out ASE Industrial Piotroski F Score and ASE Industrial Valuation analysis.

You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.

Complementary Tools for ASE Stock analysis

When running ASE Industrial's price analysis, check to measure ASE Industrial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ASE Industrial is operating at the current time. Most of ASE Industrial's value examination focuses on studying past and present price action to predict the probability of ASE Industrial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ASE Industrial's price. Additionally, you may evaluate how the addition of ASE Industrial to your portfolios can decrease your overall portfolio volatility.

	Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities
	Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals
	Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments
	Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios
	Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios
	Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios
	Equity Valuation Check real value of public entities based on technical and fundamental data
	Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format

Is ASE Industrial's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ASE Industrial. If investors know ASE will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ASE Industrial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.41)

Earnings Share

0.49

Revenue Per Share

270.918

Quarterly Revenue Growth

(0.1)

Return On Assets

0.0367

The market value of ASE Industrial Holding is measured differently than its book value, which is the value of ASE that is recorded on the company's balance sheet. Investors also form their own opinion of ASE Industrial's value that differs from its market value or its book value, called intrinsic value, which is ASE Industrial's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ASE Industrial's market value can be influenced by many factors that don't directly affect ASE Industrial's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between ASE Industrial's value and its price as these two are different measures arrived at by different means. Investors typically determine if ASE Industrial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ASE Industrial's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Ase Industrial Holding Stock Z Score

ASE Industrial Holding Company Z Score Analysis

Z Score

Sum Of

5 Factors

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

ASE Z Score Driver Correlations

ASE Industrial Current Valuation Drivers

ASE Industrial Institutional Holders

ASE Fundamentals

About ASE Industrial Fundamental Analysis

ASE Industrial Investors Sentiment

Pair Trading with ASE Industrial

Moving together with ASE Stock

Moving against ASE Stock

Complementary Tools for ASE Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY