ASX vs. GLW: A Head-to-Head Stock Comparison
Updated onHere’s a clear look at ASX and GLW, comparing key factors like historical performance, profitability, financial strength, growth, dividend, and valuation.
Company Overview
GLW’s market capitalization of 45.43 billion USD is significantly greater than ASX’s 22.53 billion USD, highlighting its more substantial market valuation.
With betas of 0.92 for ASX and 1.10 for GLW, both stocks show similar sensitivity to overall market movements.
ASX trades as an American Depositary Receipt (ADR), offering U.S. investors a convenient way to access its foreign-listed shares. In contrast, GLW is a standard domestic listing.
| Symbol | ASX | GLW |
|---|---|---|
| Company Name | ASE Technology Holding Co., Ltd. | Corning Incorporated |
| Country | TW | US |
| Sector | Technology | Technology |
| Industry | Semiconductors | Hardware, Equipment & Parts |
| CEO | Hung-Pen Chang | Wendell P. Weeks |
| Price | 10.37 USD | 53.04 USD |
| Market Cap | 22.53 billion USD | 45.43 billion USD |
| Beta | 0.92 | 1.10 |
| Exchange | NYSE | NYSE |
| IPO Date | October 2, 2000 | December 31, 1981 |
| ADR | Yes | No |
Historical Performance
This chart compares the performance of ASX and GLW 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.
GLW
4.21%
Hardware, Equipment & Parts Industry
- Max
- 38.64%
- Q3
- 17.03%
- Median
- 8.95%
- Q1
- 1.23%
- Min
- -14.34%
GLW’s Return on Equity of 4.21% is on par with the norm for the Hardware, Equipment & Parts 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.
GLW
4.70%
Hardware, Equipment & Parts Industry
- Max
- 17.24%
- Q3
- 9.87%
- Median
- 6.54%
- Q1
- 1.56%
- Min
- -7.50%
GLW’s Return on Invested Capital of 4.70% is in line with the norm for the Hardware, Equipment & Parts industry, reflecting a standard level of efficiency in generating profits from its capital base.
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.
GLW
3.34%
Hardware, Equipment & Parts Industry
- Max
- 22.76%
- Q3
- 11.04%
- Median
- 3.80%
- Q1
- 1.13%
- Min
- -8.57%
GLW’s Net Profit Margin of 3.34% is aligned with the median group of its peers in the Hardware, Equipment & Parts industry. This indicates its ability to convert revenue into profit is typical for the sector.
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.
GLW
10.98%
Hardware, Equipment & Parts Industry
- Max
- 25.25%
- Q3
- 13.73%
- Median
- 8.22%
- Q1
- 4.35%
- Min
- -0.79%
GLW’s Operating Profit Margin of 10.98% is around the midpoint for the Hardware, Equipment & Parts industry, indicating that its efficiency in managing core business operations is typical for the sector.
Profitability at a Glance
| Symbol | ASX | GLW |
|---|---|---|
| Return on Equity (TTM) | 11.03% | 4.21% |
| Return on Assets (TTM) | 4.43% | 1.66% |
| Return on Invested Capital (TTM) | 5.98% | 4.70% |
| Net Profit Margin (TTM) | 5.61% | 3.34% |
| Operating Profit Margin (TTM) | 7.01% | 10.98% |
| Gross Profit Margin (TTM) | 16.32% | 32.97% |
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.
GLW
1.69
Hardware, Equipment & Parts Industry
- Max
- 4.10
- Q3
- 3.23
- Median
- 2.37
- Q1
- 1.81
- Min
- 0.58
GLW’s Current Ratio of 1.69 falls into the lower quartile for the Hardware, Equipment & Parts industry. This indicates a tighter liquidity situation and a more constrained capacity to handle short-term debt than many of its competitors.
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.
GLW
0.76
Hardware, Equipment & Parts Industry
- Max
- 1.19
- Q3
- 0.56
- Median
- 0.33
- Q1
- 0.11
- Min
- 0.00
GLW’s leverage is in the upper quartile of the Hardware, Equipment & Parts industry, with a Debt-to-Equity Ratio of 0.76. While this approach can boost equity growth, it also exposes the company to greater financial vulnerability.
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.
GLW
4.55
Hardware, Equipment & Parts Industry
- Max
- 28.37
- Q3
- 14.25
- Median
- 9.35
- Q1
- 2.86
- Min
- -13.16
GLW’s Interest Coverage Ratio of 4.55 is positioned comfortably within the norm for the Hardware, Equipment & Parts industry, indicating a standard and healthy capacity to cover its interest payments.
Financial Strength at a Glance
| Symbol | ASX | GLW |
|---|---|---|
| Current Ratio (TTM) | 1.04 | 1.69 |
| Quick Ratio (TTM) | 0.82 | 1.05 |
| Debt-to-Equity Ratio (TTM) | 0.72 | 0.76 |
| Debt-to-Asset Ratio (TTM) | 0.29 | 0.30 |
| Net Debt-to-EBITDA Ratio (TTM) | 1.32 | 2.91 |
| Interest Coverage Ratio (TTM) | 7.79 | 4.55 |
Growth
The following charts compare key year-over-year (YoY) growth metrics for ASX and GLW. 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.
GLW
2.11%
Hardware, Equipment & Parts Industry
- Max
- 2.16%
- Q3
- 0.66%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
With a Dividend Yield of 2.11%, GLW offers a more attractive income stream than most of its peers in the Hardware, Equipment & Parts industry, signaling a strong commitment to shareholder returns.
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.
GLW
216.96%
Hardware, Equipment & Parts Industry
- Max
- 71.55%
- Q3
- 25.37%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
GLW’s Dividend Payout Ratio of 216.96% is above 100%. This means the company is paying out more in dividends than it earned, a practice that is often unsustainable and could indicate a risk to future dividend stability.
Dividend at a Glance
| Symbol | ASX | GLW |
|---|---|---|
| Dividend Yield (TTM) | 3.60% | 2.11% |
| Dividend Payout Ratio (TTM) | 65.52% | 216.96% |
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.
GLW
99.89
Hardware, Equipment & Parts Industry
- Max
- 86.58
- Q3
- 53.54
- Median
- 36.07
- Q1
- 25.99
- Min
- 12.16
At 99.89, GLW’s P/E Ratio is exceptionally high, exceeding the typical maximum for the Hardware, Equipment & Parts 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.
GLW
7.95
Hardware, Equipment & Parts Industry
- Max
- 5.22
- Q3
- 3.27
- Median
- 2.16
- Q1
- 1.77
- Min
- 0.00
The Forward PEG Ratio is often not a primary valuation metric in the Hardware, Equipment & Parts industry.
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.
GLW
3.34
Hardware, Equipment & Parts Industry
- Max
- 8.50
- Q3
- 4.95
- Median
- 2.45
- Q1
- 1.17
- Min
- 0.32
GLW’s P/S Ratio of 3.34 aligns with the market consensus for the Hardware, Equipment & Parts industry. This suggests its valuation, based on sales, is seen as standard and is on par with its competitors.
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.
GLW
4.23
Hardware, Equipment & Parts Industry
- Max
- 7.53
- Q3
- 4.63
- Median
- 3.34
- Q1
- 2.35
- Min
- 0.48
GLW’s P/B Ratio of 4.23 is within the conventional range for the Hardware, Equipment & Parts 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.
Valuation at a Glance
| Symbol | ASX | GLW |
|---|---|---|
| Price-to-Earnings Ratio (P/E, TTM) | 18.57 | 99.89 |
| Forward PEG Ratio (TTM) | 0.73 | 7.95 |
| Price-to-Sales Ratio (P/S, TTM) | 1.05 | 3.34 |
| Price-to-Book Ratio (P/B, TTM) | 2.04 | 4.23 |
| Price-to-Free Cash Flow Ratio (P/FCF, TTM) | -63.40 | 42.34 |
| EV-to-EBITDA (TTM) | 7.08 | 22.34 |
| EV-to-Sales (TTM) | 1.29 | 3.84 |