ASX · NYSE · STOCK
ASE Technology Holding (ASX) Stock Analysis
$46.43
52W $11.21 – $47.93
64/100
$102.09B
53.5
1.46
Is ASX Bullish or Bearish?
Bullish.
Innellis AI committee rates ASE Technology Holding Co., Ltd. (ASX) Buy with a composite score of 64/100
, based on 6 analysts with 67% agreement.
Last updated October 10, 2026.
What Would Change This View
- Upgrade to Strong Buy
- Requires a committee score of 75.0 — +10.83 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Watch
- Requires the score to fall below 55.0 — -9.17 from today. The band boundary is 60.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The committee is genuinely divided. Growth Analyst sees a compelling case — eps growing 74.8% yoy. Portfolio Manager remains cautious — sector concentration is already high (hhi 2796.97). This disagreement is itself the signal — the setup is not clean in either direction.
Bull & Bear Case
Bull Case
- ROE of 17.3% shows genuine earnings power backing the valuation — Value
- Dividend yield of 6.9% pays you to wait — Value
- EPS growing 74.8% YoY — Growth
- 4 consecutive earnings beats -- consistent execution — Growth
- Quarter-over-quarter growth rate is ACCELERATING, not just positive — Growth
- Price structure making higher highs and higher lows — Technical
Bear Case
- P/E of 53.8 is expensive by classic value standards — Value
- Bollinger bandwidth of 29.5% signals elevated volatility — Risk
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of October 10, 2026
Overall Committee Score
64/100
Agreement
67%
Analysts
6
Conviction
Moderate
Sector Rank
Top 8%
of 287 Technology peers
Value Analyst
neutral
50
/ 100 · Moderate confidence
Fair value -- neither a bargain nor obviously overpriced
+ ROE of 17.3% shows genuine earnings power backing the valuation
− P/E of 53.8 is expensive by classic value standards
Growth Analyst
bullish
79
/ 100 · High confidence
Strong, accelerating growth with consistent execution
+ EPS growing 74.8% YoY
Technical Analyst
bullish
69
/ 100 · High confidence
Price action is constructive -- trend and momentum agree
+ Price structure making higher highs and higher lows
Risk Analyst
neutral
52
/ 100 · Moderate confidence
Moderate risk -- no single red flag, but nothing that clearly de-risks the position either
− Bollinger bandwidth of 29.5% signals elevated volatility
Macro Analyst
bullish
65
/ 100 · Low confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
News Analyst
bullish
70
/ 100 · Low confidence
News flow and recent filings/analyst actions are net positive
+ News sentiment is positive (+0.39 across 13 articles, 14d)
Portfolio Manager
bearish
30
/ 100 · Moderate confidence
The existing book itself argues for caution here, independent of how good this specific stock looks
− Sector concentration is already high (HHI 2796.97)
Investment Thesis Evolution
Committee score moved marginally from 64.4 to 64.2.
- New bearish signals: 2 appeared.
- Bullish support removed: 1 signal(s) disappeared.
- New bullish signals: 1 appeared.
- Bearish pressure eased: 2 signal(s) disappeared.
Analyst-level changes:
- News Analyst: +1 bullish signal(s).
- Risk Analyst: +1 bearish signal(s).
- Value Analyst: +1 bearish signal(s).
Comparing 2026-10-09 to 2026-10-10 (1 day apart).
Technical Analysis
RSI (14)
62.0
Neutral
MACD Histogram
0.053
Bullish Momentum
Trend Direction
Uptrend
Weekly: Uptrend
Market Structure
Mixed
Bollinger %B
0.72
Inside Bands
Price vs Moving Averages
EMA 9
$45.65
Above
EMA 21
$43.88
Above
EMA 50
$41.32
Above
EMA 200
$32.62
Above
Fundamental Analysis
Valuation
33
Growth
94
Profitability
37
Financial Health
55
Cash Flow
15
Valuation
P/E Ratio
53.5×
P/B Ratio
8.39×
PEG Ratio
0.70
Dividend Yield
0.89%
52W High
$47.93
52W Low
$11.21
Quality & Growth
ROE
1178.5%
ROA
459.7%
Gross Margin
1949.0%
Operating Margin
978.0%
Revenue Growth YoY
—
Debt / Equity
0.76
AI Fundamental Assessment
P/E ratio of 53.5 (rich relative to a 15-40x range); Price-to-book of 8.4x; PEG ratio of 0.7 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 11.8%; Return on assets of 4.6%; Net margin of 8.5%; Gross margin of 19.5%; Current ratio of 1.07 (tight short-term liquidity); Debt-to-equity of 0.76; Free cash flow per share is negative (-14.25); Most recent quarter beat estimates by 19.1%; 4 consecutive earnings beats; EPS growth accelerating (-4.9% -> +49.7% QoQ); Analyst estimates rising over recent quarters
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