ASX vs. CHT: A Head-to-Head Stock Comparison
Updated onHere’s a clear look at ASX and CHT, comparing key factors like historical performance, profitability, financial strength, growth, dividend, and valuation.
Company Overview
CHT’s market capitalization of 35.30 billion USD is significantly greater than ASX’s 22.53 billion USD, highlighting its more substantial market valuation.
ASX’s beta of 0.92 points to significantly higher volatility compared to CHT (beta: 0.05), suggesting ASX has greater potential for both gains and losses relative to market movements.
ASX and CHT are both American Depositary Receipts (ADRs). This provides U.S. investors with straightforward access to investing in these foreign-listed companies without directly engaging with overseas stock exchanges.
| Symbol | ASX | CHT |
|---|---|---|
| Company Name | ASE Technology Holding Co., Ltd. | Chunghwa Telecom Co., Ltd. |
| Country | TW | TW |
| Sector | Technology | Communication Services |
| Industry | Semiconductors | Telecommunications Services |
| CEO | Hung-Pen Chang | Chih-Cheng Chien |
| Price | 10.37 USD | 45.51 USD |
| Market Cap | 22.53 billion USD | 35.30 billion USD |
| Beta | 0.92 | 0.05 |
| Exchange | NYSE | NYSE |
| IPO Date | October 2, 2000 | July 18, 2003 |
| ADR | Yes | Yes |
Historical Performance
This chart compares the performance of ASX and CHT by tracking the growth of an initial $10,000 investment in each. Use the tabs to select the desired time period.
Data is adjusted for dividends and splits.
Profitability
Return on Equity
ASX
11.03%
Semiconductors Industry
- Max
- 41.84%
- Q3
- 15.81%
- Median
- 6.31%
- Q1
- -5.54%
- Min
- -30.12%
ASX’s Return on Equity of 11.03% is on par with the norm for the Semiconductors industry, indicating its profitability relative to shareholder equity is typical for the sector.
CHT
6.66%
Telecommunications Services Industry
- Max
- 36.08%
- Q3
- 16.39%
- Median
- 6.66%
- Q1
- -5.80%
- Min
- -26.90%
CHT’s Return on Equity of 6.66% is on par with the norm for the Telecommunications Services industry, indicating its profitability relative to shareholder equity is typical for the sector.
Return on Invested Capital
ASX
5.98%
Semiconductors Industry
- Max
- 30.91%
- Q3
- 11.34%
- Median
- 4.08%
- Q1
- -2.17%
- Min
- -19.59%
ASX’s Return on Invested Capital of 5.98% is in line with the norm for the Semiconductors industry, reflecting a standard level of efficiency in generating profits from its capital base.
CHT
8.17%
Telecommunications Services Industry
- Max
- 13.02%
- Q3
- 6.76%
- Median
- 4.03%
- Q1
- 0.50%
- Min
- -4.79%
In the upper quartile for the Telecommunications Services industry, CHT’s Return on Invested Capital of 8.17% signifies a highly effective use of its capital to generate profits when compared to its peers.
Net Profit Margin
ASX
5.61%
Semiconductors Industry
- Max
- 51.69%
- Q3
- 19.67%
- Median
- 8.56%
- Q1
- -5.44%
- Min
- -38.60%
ASX’s Net Profit Margin of 5.61% is aligned with the median group of its peers in the Semiconductors industry. This indicates its ability to convert revenue into profit is typical for the sector.
CHT
13.01%
Telecommunications Services Industry
- Max
- 20.59%
- Q3
- 10.07%
- Median
- 3.00%
- Q1
- -4.53%
- Min
- -18.76%
A Net Profit Margin of 13.01% places CHT in the upper quartile for the Telecommunications Services industry, signifying strong profitability and more effective cost management than most of its peers.
Operating Profit Margin
ASX
7.01%
Semiconductors Industry
- Max
- 58.03%
- Q3
- 22.12%
- Median
- 8.40%
- Q1
- -3.73%
- Min
- -36.14%
ASX’s Operating Profit Margin of 7.01% is around the midpoint for the Semiconductors industry, indicating that its efficiency in managing core business operations is typical for the sector.
CHT
20.31%
Telecommunications Services Industry
- Max
- 37.46%
- Q3
- 22.75%
- Median
- 10.32%
- Q1
- 0.62%
- Min
- -16.66%
CHT’s Operating Profit Margin of 20.31% is around the midpoint for the Telecommunications Services industry, indicating that its efficiency in managing core business operations is typical for the sector.
Profitability at a Glance
| Symbol | ASX | CHT |
|---|---|---|
| Return on Equity (TTM) | 11.03% | 6.66% |
| Return on Assets (TTM) | 4.43% | 4.72% |
| Return on Invested Capital (TTM) | 5.98% | 8.17% |
| Net Profit Margin (TTM) | 5.61% | 13.01% |
| Operating Profit Margin (TTM) | 7.01% | 20.31% |
| Gross Profit Margin (TTM) | 16.32% | 13.43% |
Financial Strength
Current Ratio
ASX
1.04
Semiconductors Industry
- Max
- 9.10
- Q3
- 5.23
- Median
- 3.09
- Q1
- 2.49
- Min
- 1.02
ASX’s Current Ratio of 1.04 falls into the lower quartile for the Semiconductors industry. This indicates a tighter liquidity situation and a more constrained capacity to handle short-term debt than many of its competitors.
CHT
1.38
Telecommunications Services Industry
- Max
- 2.27
- Q3
- 1.38
- Median
- 0.96
- Q1
- 0.66
- Min
- 0.36
CHT’s Current Ratio of 1.38 aligns with the median group of the Telecommunications Services industry, indicating that its short-term liquidity is in line with its sector peers.
Debt-to-Equity Ratio
ASX
0.72
Semiconductors Industry
- Max
- 0.97
- Q3
- 0.46
- Median
- 0.21
- Q1
- 0.05
- Min
- 0.00
ASX’s leverage is in the upper quartile of the Semiconductors industry, with a Debt-to-Equity Ratio of 0.72. While this approach can boost equity growth, it also exposes the company to greater financial vulnerability.
CHT
0.11
Telecommunications Services Industry
- Max
- 4.64
- Q3
- 2.32
- Median
- 1.35
- Q1
- 0.63
- Min
- 0.00
Falling into the lower quartile for the Telecommunications Services industry, CHT’s Debt-to-Equity Ratio of 0.11 points to a conservative financing strategy. This results in lower financial risk but potentially limits strategic investments compared to more leveraged competitors.
Interest Coverage Ratio
ASX
7.79
Semiconductors Industry
- Max
- 36.25
- Q3
- 29.12
- Median
- 7.01
- Q1
- -1.22
- Min
- -18.18
ASX’s Interest Coverage Ratio of 7.79 is positioned comfortably within the norm for the Semiconductors industry, indicating a standard and healthy capacity to cover its interest payments.
CHT
154.08
Telecommunications Services Industry
- Max
- 8.83
- Q3
- 4.35
- Median
- 2.26
- Q1
- 0.11
- Min
- -1.74
With an Interest Coverage Ratio of 154.08, CHT demonstrates a superior capacity to service its debt, placing it well above the typical range for the Telecommunications Services industry. This stems from either robust earnings or a conservative debt load.
Financial Strength at a Glance
| Symbol | ASX | CHT |
|---|---|---|
| Current Ratio (TTM) | 1.04 | 1.38 |
| Quick Ratio (TTM) | 0.82 | 1.21 |
| Debt-to-Equity Ratio (TTM) | 0.72 | 0.11 |
| Debt-to-Asset Ratio (TTM) | 0.29 | 0.08 |
| Net Debt-to-EBITDA Ratio (TTM) | 1.32 | 0.09 |
| Interest Coverage Ratio (TTM) | 7.79 | 154.08 |
Growth
The following charts compare key year-over-year (YoY) growth metrics for ASX and CHT. These metrics are based on the companies’ annual financial reports.
Revenue Growth
Earnings Per Share (EPS) Growth
Free Cash Flow Growth
Dividend
Dividend Yield
ASX
3.60%
Semiconductors Industry
- Max
- 6.48%
- Q3
- 0.93%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
With a Dividend Yield of 3.60%, ASX offers a more attractive income stream than most of its peers in the Semiconductors industry, signaling a strong commitment to shareholder returns.
CHT
3.83%
Telecommunications Services Industry
- Max
- 128.28%
- Q3
- 6.07%
- Median
- 1.86%
- Q1
- 0.00%
- Min
- 0.00%
CHT’s Dividend Yield of 3.83% is consistent with its peers in the Telecommunications Services industry, providing a dividend return that is standard for its sector.
Dividend Payout Ratio
ASX
65.52%
Semiconductors Industry
- Max
- 204.29%
- Q3
- 31.85%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
ASX’s Dividend Payout Ratio of 65.52% is in the upper quartile for the Semiconductors industry. This indicates a strong commitment to shareholder returns but also suggests that a smaller portion of earnings is retained for reinvestment compared to many peers.
CHT
0.00%
Telecommunications Services Industry
- Max
- 146.49%
- Q3
- 63.59%
- Median
- 29.65%
- Q1
- 0.00%
- Min
- 0.00%
CHT’s Dividend Payout Ratio of 0.00% is within the typical range for the Telecommunications Services industry, suggesting a balanced approach between shareholder payouts and company reinvestment.
Dividend at a Glance
| Symbol | ASX | CHT |
|---|---|---|
| Dividend Yield (TTM) | 3.60% | 3.83% |
| Dividend Payout Ratio (TTM) | 65.52% | 0.00% |
Valuation
Price-to-Earnings Ratio
ASX
18.57
Semiconductors Industry
- Max
- 86.15
- Q3
- 47.38
- Median
- 27.87
- Q1
- 18.89
- Min
- 4.73
In the lower quartile for the Semiconductors industry, ASX’s P/E Ratio of 18.57 suggests the stock may be undervalued compared to its peers, potentially presenting an attractive entry point for investors.
CHT
40.23
Telecommunications Services Industry
- Max
- 27.65
- Q3
- 20.70
- Median
- 15.25
- Q1
- 10.05
- Min
- 5.86
At 40.23, CHT’s P/E Ratio is exceptionally high, exceeding the typical maximum for the Telecommunications Services industry. This suggests the stock may be significantly overvalued compared to its peers and implies high market expectations that could be difficult to meet.
Forward P/E to Growth Ratio
ASX
0.73
Semiconductors Industry
- Max
- 4.73
- Q3
- 2.80
- Median
- 1.11
- Q1
- 0.68
- Min
- 0.01
The Forward PEG Ratio is often not a primary valuation metric in the Semiconductors industry.
CHT
12.83
Telecommunications Services Industry
- Max
- 3.27
- Q3
- 2.93
- Median
- 1.35
- Q1
- 0.64
- Min
- 0.01
CHT’s Forward PEG Ratio of 12.83 is exceptionally high for the Telecommunications Services industry. This suggests its stock price is very high relative to its expected earnings growth, signaling significant overvaluation risk.
Price-to-Sales Ratio
ASX
1.05
Semiconductors Industry
- Max
- 21.96
- Q3
- 10.21
- Median
- 4.45
- Q1
- 2.32
- Min
- 0.48
In the lower quartile for the Semiconductors industry, ASX’s P/S Ratio of 1.05 indicates its revenue is valued more conservatively than most of its peers. This could present a compelling opportunity if the market has overlooked its sales-generating capabilities.
CHT
5.22
Telecommunications Services Industry
- Max
- 3.23
- Q3
- 1.83
- Median
- 1.32
- Q1
- 0.83
- Min
- 0.11
With a P/S Ratio of 5.22, CHT trades at a valuation that eclipses even the highest in the Telecommunications Services industry. This implies the market has priced in exceptionally optimistic scenarios for future revenue growth, posing considerable valuation risk.
Price-to-Book Ratio
ASX
2.04
Semiconductors Industry
- Max
- 13.12
- Q3
- 6.49
- Median
- 3.31
- Q1
- 1.74
- Min
- 0.23
ASX’s P/B Ratio of 2.04 is within the conventional range for the Semiconductors industry. This shows a balanced market view, where the stock’s price is neither at a significant premium nor a discount to the book value of its peers.
CHT
2.65
Telecommunications Services Industry
- Max
- 4.39
- Q3
- 2.65
- Median
- 1.82
- Q1
- 1.09
- Min
- 0.29
CHT’s P/B Ratio of 2.65 is in the upper tier for the Telecommunications Services industry. This indicates that investors are paying a premium relative to the company’s net assets, a valuation that hinges on its ability to generate superior profits.
Valuation at a Glance
| Symbol | ASX | CHT |
|---|---|---|
| Price-to-Earnings Ratio (P/E, TTM) | 18.57 | 40.23 |
| Forward PEG Ratio (TTM) | 0.73 | 12.83 |
| Price-to-Sales Ratio (P/S, TTM) | 1.05 | 5.22 |
| Price-to-Book Ratio (P/B, TTM) | 2.04 | 2.65 |
| Price-to-Free Cash Flow Ratio (P/FCF, TTM) | -63.40 | 20.21 |
| EV-to-EBITDA (TTM) | 7.08 | 13.00 |
| EV-to-Sales (TTM) | 1.29 | 5.25 |