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 services, as well as integrated solutions for EMS (electronic manufacturing services) …
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Competitive advantage assessment
Key strengths
ROIC Sustainably Above PeersROIC at 68.8th percentile exceeds peers and WACC, demonstrating superior capital allocation.
Margins Stable Across CyclesOperating margin volatility is low (stability score 0.97), demonstrating pricing resilience across cycles.
Key risks
Liquidity ConcernsLiquidity is concerning (score 0.14), raising questions about short-term obligations.
ASE Technology Holding Co., Ltd ranks #24 of 66
scored companies in Semiconductors by moat score — the top 36%.
The widest moat in the group is NVE Corporation (NVEC)
at 86/100.
Moat scores for companies ranked near ASX in Semiconductors
Pricing power is the ability to raise prices without losing volume.
Cost Advantage
Score 76
· 15% of the moat score
A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.
Customer Stickiness
Score 58
· 15% of the moat score
Stickiness is what makes revenue repeat without being re-won every year.
Capital Efficiency
Score 71
· 18% of the moat score
Capital efficiency asks what the company earns on the money tied up in the business.
Resilience
Score 36
· 17% of the moat score
Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.
Scale & Market Position
Score 45
· 15% of the moat score
Scale matters only when it converts into economics.
What is ASE Technology Holding Co., Ltd's moat score?
ASE Technology Holding Co., Ltd (ASX) scores 58 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #24 of 66 scored companies in Semiconductors, the top 36%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 65 companies in Semiconductors. Its strongest defense is Cost Advantage (76/100) and its weakest is Resilience (36/100).
How does ASE Technology Holding Co., Ltd compare with other Semiconductors companies?
ASE Technology Holding Co., Ltd ranks #24 of 66 scored companies in Semiconductors by moat score. The widest moat in Semiconductors is NVE Corporation (NVEC) at 86/100. The companies ranked closest are Advanced Micro Devices, Inc. (AMD) at 58 just above it and MACOM Technology Solutions Hold (MTSI) at 57 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 65 companies in Semiconductors. The defenses are then weighted to produce the overall score out of 100.
Why is ASE Technology Holding Co., Ltd scored with the Corporate Default template?
Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.
Which competitive defenses are measured for ASE Technology Holding Co., Ltd?
The Corporate Default template measures 6 defenses, and ASX scores: Pricing Power (60), Cost Advantage (76), Customer Stickiness (58), Capital Efficiency (71), Resilience (36), Scale & Market Position (45). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
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