ASE Technology Holding Co., Ltd. (3711.TW) stock analysis

In our weekly check, ASE Technology Holding Co., Ltd. is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 13 pass, warnings: 8, red flags: 4.

About ASE Technology Holding Co., Ltd.

ASE Technology Holding Co., Ltd. is a Technology company (Semiconductors) based in Taiwan, listed on TAI as 3711.TW.

What our checks show for 3711.TW

Red flags

• Free cash flow is negative (-4.4% of revenue): the business spends more cash than it brings in.
• The price swings a lot: 61.7% annual volatility. Expect large ups and downs.
• The stock has fallen as much as 76% from a peak. Would you have held through that?
• Pay in shares equals 0% of free cash flow: it dilutes shareholders.

Warning signs

• The net margin fell by 2 points over 5 years, to 8.5%: the company keeps less of each sale as profit.
• Revenue grew only 2% a year over the last 3 years.
• Earnings per share fell 1.4% a year over the last 3 years.
• Net profit fell 0.4% a year over the last 3 years.
• The net margin is only 8.5%: little room if costs rise.
• Recovering from its deepest fall took about 2.1 years.
• Beta 1.52: the stock usually moves more than the market, both up and down.
• Return on capital (ROCE) is only 9.5%.

Strengths

• Operating profit covers interest 10.6 times over.
• Operating cash flow is 2.85x net profit: the profit arrives as real cash.
• Analysts expect earnings per share to grow about 50.4% a year over the next years.
• Analysts expect revenue to grow about 25% a year over the next years.
• Analysts expect the net margin to improve by 5 points from today's 8.5%.
• The dividend takes 38% of profit: there is a cushion.

Next earnings report: 2026-10-29

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Questions

What grade does ASE Technology Holding Co., Ltd. (3711.TW) have?

In our weekly check, ASE Technology Holding Co., Ltd. is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 13 pass, warnings: 8, red flags: 4. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of 3711.TW stock?

This week's biggest flags for ASE Technology Holding Co., Ltd.: Weak free cash flow, Very volatile, Deep past fall. In total 12 of 25 checks show a warning or a red flag.

What does ASE Technology Holding Co., Ltd. do?

ASE Technology Holding Co., Ltd. is a Technology company (Semiconductors) based in Taiwan, listed on TAI as 3711.TW.

When does ASE Technology Holding Co., Ltd. report earnings next?

The next earnings report is expected on 2026-10-29. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-24

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