ASE Industrial Holding Co Ltd

TW:3711 Taiwan Semiconductors
Market Cap
$45.15 Billion
NT$1.49 Trillion TWD
Market Cap Rank
#648 Global
#4 in Taiwan
Share Price
NT$341.50
Change (1 day)
+1.94%
52-Week Range
NT$115.00 - NT$389.00
All Time High
NT$389.00
Categories
Companies in Taiwan Semiconductors Technology AI & Machine Learning
About

ASE Technology Holding Co., Ltd., together with its subsidiaries, provides semiconductor manufacturing services in the United States, Taiwan, rest of Asia, Europe, and internationally. It operates through Packaging, Testing, EMS, and Others segments. The company offers semiconductor packaging, interconnect materials production, front-end engineering testing, wafer probing, and final testing servi… Read more

ASE Industrial Holding Co Ltd (3711) - Net Assets

Latest net assets as of December 2025: NT$373.37 Billion TWD

Based on the latest financial reports, ASE Industrial Holding Co Ltd (3711) has net assets worth NT$373.37 Billion TWD as of December 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$889.33 Billion) and total liabilities (NT$515.97 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.

Key Net Assets Metrics

Metric Value
Current Net Assets NT$373.37 Billion
% of Total Assets 41.98%
Annual Growth Rate 9.46%
5-Year Change 35.95%
10-Year Change 120.18%
Growth Volatility 14.96

ASE Industrial Holding Co Ltd - Net Assets Trend (1999–2025)

This chart illustrates how ASE Industrial Holding Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for ASE Industrial Holding Co Ltd (1999–2025)

The table below shows the annual net assets of ASE Industrial Holding Co Ltd from 1999 to 2025.

Year Net Assets Change
2025-12-31 NT$373.37 Billion +9.09%
2024-12-31 NT$342.27 Billion +7.60%
2023-12-31 NT$318.11 Billion -0.57%
2022-12-31 NT$319.93 Billion +16.49%
2021-12-31 NT$274.63 Billion +17.24%
2020-12-31 NT$234.26 Billion +9.29%
2019-12-31 NT$214.35 Billion -2.87%
2018-12-31 NT$220.67 Billion +8.17%
2017-12-31 NT$204.00 Billion +20.30%
2016-12-31 NT$169.57 Billion +0.68%
2015-12-31 NT$168.43 Billion +6.31%
2014-12-31 NT$158.44 Billion +24.00%
2013-12-31 NT$127.77 Billion +13.62%
2012-12-31 NT$112.46 Billion +9.95%
2011-12-31 NT$102.28 Billion +11.37%
2010-12-31 NT$91.84 Billion +22.92%
2009-12-31 NT$74.71 Billion +3.83%
2008-12-31 NT$71.96 Billion -19.82%
2007-12-31 NT$89.74 Billion +16.38%
2006-12-31 NT$77.11 Billion +39.90%
2005-12-31 NT$55.12 Billion -7.57%
2004-12-31 NT$59.63 Billion +8.14%
2003-12-31 NT$55.14 Billion +11.12%
2002-12-31 NT$49.63 Billion -8.25%
2001-12-31 NT$54.09 Billion -2.95%
2000-12-31 NT$55.73 Billion +56.66%
1999-12-31 NT$35.57 Billion --

Equity Component Analysis

This analysis shows how different components contribute to ASE Industrial Holding Co Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component Amount Percentage
Other Components NT$346.90 Billion 100.00%
Total Equity NT$346.90 Billion 100.00%

ASE Industrial Holding Co Ltd Competitors by Market Cap

The table below lists competitors of ASE Industrial Holding Co Ltd ranked by their market capitalization.

Company Market Cap
ASM INTL N.V. NY/1 EO-04
F:AVSN
 		$32.24 Billion
Kenvue Inc.
NYSE:KVUE
 		$32.24 Billion
E.ON SE
PINK:ENAKF
 		$32.29 Billion
Fujitsu Limited
PINK:FJTSF
 		$32.31 Billion
Carnival Corporation
NYSE:CCL
 		$32.20 Billion
EMCOR Group Inc
NYSE:EME
 		$32.16 Billion
Carnival Plc ADS
NYSE:CUK
 		$32.14 Billion
Sandvik AB
ST:SAND
 		$32.09 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in ASE Industrial Holding Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 320,026,252,000 to 346,900,000,000, a change of 26,873,748,000 (8.4%).
  • Net income of 40,658,000,000 contributed positively to equity growth.
  • Dividend payments of 23,034,000,000 reduced retained earnings.
  • Other comprehensive income decreased equity by 24,609,350,000.
  • Other factors increased equity by 33,859,098,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income NT$40.66 Billion +11.72%
Dividends Paid NT$23.03 Billion -6.64%
Other Comprehensive Income NT$-24.61 Billion -7.09%
Other Changes NT$33.86 Billion +9.76%
Total Change NT$- 8.40%

Book Value vs Market Value Analysis

This analysis compares ASE Industrial Holding Co Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 4.36x
  • The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
  • The price-to-book ratio has decreased from 27.31x to 4.36x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1999-12-31 NT$12.51 NT$341.50 x
2000-12-31 NT$15.44 NT$341.50 x
2001-12-31 NT$12.09 NT$341.50 x
2002-12-31 NT$10.33 NT$341.50 x
2003-12-31 NT$13.15 NT$341.50 x
2004-12-31 NT$13.65 NT$341.50 x
2005-12-31 NT$13.08 NT$341.50 x
2006-12-31 NT$16.97 NT$341.50 x
2007-12-31 NT$19.23 NT$341.50 x
2008-12-31 NT$18.27 NT$341.50 x
2009-12-31 NT$19.68 NT$341.50 x
2010-12-31 NT$23.30 NT$341.50 x
2011-12-31 NT$25.86 NT$341.50 x
2012-12-31 NT$28.91 NT$341.50 x
2013-12-31 NT$31.91 NT$341.50 x
2014-12-31 NT$36.55 NT$341.50 x
2015-12-31 NT$38.04 NT$341.50 x
2016-12-31 NT$38.04 NT$341.50 x
2017-12-31 NT$45.56 NT$341.50 x
2018-12-31 NT$47.76 NT$341.50 x
2019-12-31 NT$47.15 NT$341.50 x
2020-12-31 NT$50.98 NT$341.50 x
2021-12-31 NT$59.57 NT$341.50 x
2022-12-31 NT$69.69 NT$341.50 x
2023-12-31 NT$68.50 NT$341.50 x
2024-12-31 NT$72.87 NT$341.50 x
2025-12-31 NT$78.31 NT$341.50 x

Capital Efficiency Dashboard

This dashboard shows how efficiently ASE Industrial Holding Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 11.72%
  • The company shows good efficiency in utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 6.30%
  • • Asset Turnover: 0.73x
  • • Equity Multiplier: 2.56x
  • Recent ROE (11.72%) is below the historical average (11.93%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1999 25.93% 23.90% 0.42x 2.57x NT$4.87 Billion
2000 13.37% 11.47% 0.47x 2.48x NT$1.47 Billion
2001 -5.11% -5.58% 0.36x 2.53x NT$-6.34 Billion
2002 0.33% 0.28% 0.43x 2.66x NT$-3.82 Billion
2003 6.08% 4.79% 0.50x 2.53x NT$-1.77 Billion
2004 8.20% 5.15% 0.61x 2.61x NT$-920.22 Million
2005 -9.96% -5.58% 0.64x 2.79x NT$-9.42 Billion
2006 26.38% 17.34% 0.73x 2.08x NT$10.81 Billion
2007 16.18% 12.03% 0.66x 2.03x NT$4.65 Billion
2008 8.84% 6.52% 0.62x 2.18x NT$-807.20 Million
2009 9.42% 7.86% 0.53x 2.26x NT$-417.60 Million
2010 20.71% 9.72% 0.91x 2.35x NT$9.48 Billion
2011 13.57% 7.41% 0.83x 2.21x NT$3.61 Billion
2012 11.95% 6.75% 0.79x 2.25x NT$2.14 Billion
2013 13.18% 7.41% 0.77x 2.32x NT$3.93 Billion
2014 15.71% 9.19% 0.77x 2.22x NT$8.57 Billion
2015 12.14% 6.72% 0.78x 2.33x NT$3.36 Billion
2016 13.77% 7.89% 0.77x 2.27x NT$5.93 Billion
2017 12.06% 7.91% 0.80x 1.91x NT$3.92 Billion
2018 12.44% 6.81% 0.70x 2.63x NT$4.96 Billion
2019 8.49% 4.13% 0.74x 2.77x NT$-3.04 Billion
2020 12.34% 5.65% 0.82x 2.67x NT$5.11 Billion
2021 23.13% 10.55% 0.85x 2.59x NT$34.14 Billion
2022 20.41% 9.17% 0.95x 2.35x NT$31.37 Billion
2023 10.65% 5.45% 0.87x 2.24x NT$1.94 Billion
2024 10.12% 5.44% 0.80x 2.32x NT$376.31 Million
2025 11.72% 6.30% 0.73x 2.56x NT$5.97 Billion

Industry Comparison

This section compares ASE Industrial Holding Co Ltd's net assets metrics with peer companies in the Semiconductors industry.

Industry Context

  • Industry: Semiconductors
  • Average net assets among peers: $20,387,667,400
  • Average return on equity (ROE) among peers: -0.47%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
ASE Industrial Holding Co Ltd (3711) NT$373.37 Billion 25.93% 1.38x $32.21 Billion
Polylite Taiwan Co Ltd (1813) $1.02 Billion 9.68% 0.11x $10.90 Million
Orient Semiconductor Electronics Ltd (2329) $5.50 Billion -2.03% 2.04x $836.46 Million
Macronix International Co Ltd (2337) $22.78 Billion -28.37% 0.97x $5.52 Billion
Optotech Corp (2340) $7.12 Billion 4.72% 0.60x $279.36 Million
Mosel Vitelic Inc (2342) $1.29 Billion -1.88% 1.06x $98.63 Million
Winbond Electronics Corp (2344) $78.11 Billion 0.00% 0.35x $10.24 Billion
Silicon Integrated Systems Corp (2363) $18.37 Billion 0.00% 0.92x $603.45 Million
Realtek Semiconductor Corp (2379) $20.64 Billion 13.14% 0.11x $6.64 Billion
VIA Technologies Inc (2388) $15.91 Billion 0.00% 0.71x $369.19 Million
Nanya Technology Corp (2408) $33.14 Billion 0.00% 1.31x $9.33 Billion