ASX vs. NOK: A Head-to-Head Stock Comparison
Updated onHere’s a clear look at ASX and NOK, comparing key factors like historical performance, profitability, financial strength, growth, dividend, and valuation.
Company Overview
ASX’s market capitalization stands at 22.53 billion USD, while NOK’s is 27.97 billion USD, indicating their market valuations are broadly comparable.
ASX’s beta of 0.92 points to significantly higher volatility compared to NOK (beta: 0.60), suggesting ASX has greater potential for both gains and losses relative to market movements.
ASX and NOK 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 | NOK |
|---|---|---|
| Company Name | ASE Technology Holding Co., Ltd. | Nokia Oyj |
| Country | TW | FI |
| Sector | Technology | Technology |
| Industry | Semiconductors | Communication Equipment |
| CEO | Hung-Pen Chang | Justin Hotard |
| Price | 10.37 USD | 5.19 USD |
| Market Cap | 22.53 billion USD | 27.97 billion USD |
| Beta | 0.92 | 0.60 |
| Exchange | NYSE | NYSE |
| IPO Date | October 2, 2000 | July 1, 1994 |
| ADR | Yes | Yes |
Historical Performance
This chart compares the performance of ASX and NOK 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.
NOK
3.73%
Communication Equipment Industry
- Max
- 30.07%
- Q3
- 8.07%
- Median
- 1.84%
- Q1
- -11.93%
- Min
- -31.65%
NOK’s Return on Equity of 3.73% is on par with the norm for the Communication Equipment 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.
NOK
3.52%
Communication Equipment Industry
- Max
- 11.59%
- Q3
- 6.61%
- Median
- 2.97%
- Q1
- -2.58%
- Min
- -13.18%
NOK’s Return on Invested Capital of 3.52% is in line with the norm for the Communication Equipment 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.
NOK
4.02%
Communication Equipment Industry
- Max
- 23.65%
- Q3
- 9.21%
- Median
- 2.46%
- Q1
- -8.56%
- Min
- -29.87%
NOK’s Net Profit Margin of 4.02% is aligned with the median group of its peers in the Communication Equipment 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.
NOK
7.94%
Communication Equipment Industry
- Max
- 30.72%
- Q3
- 11.64%
- Median
- 5.79%
- Q1
- -2.28%
- Min
- -18.20%
NOK’s Operating Profit Margin of 7.94% is around the midpoint for the Communication Equipment industry, indicating that its efficiency in managing core business operations is typical for the sector.
Profitability at a Glance
| Symbol | ASX | NOK |
|---|---|---|
| Return on Equity (TTM) | 11.03% | 3.73% |
| Return on Assets (TTM) | 4.43% | 1.96% |
| Return on Invested Capital (TTM) | 5.98% | 3.52% |
| Net Profit Margin (TTM) | 5.61% | 4.02% |
| Operating Profit Margin (TTM) | 7.01% | 7.94% |
| Gross Profit Margin (TTM) | 16.32% | 60.60% |
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.
NOK
1.36
Communication Equipment Industry
- Max
- 3.40
- Q3
- 2.59
- Median
- 1.62
- Q1
- 1.32
- Min
- 0.86
NOK’s Current Ratio of 1.36 aligns with the median group of the Communication Equipment 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.
NOK
0.24
Communication Equipment Industry
- Max
- 1.82
- Q3
- 1.00
- Median
- 0.53
- Q1
- 0.20
- Min
- 0.02
NOK’s Debt-to-Equity Ratio of 0.24 is typical for the Communication Equipment industry, indicating its use of leverage is in line with the sector norm. This suggests a balanced approach to its capital structure.
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.
NOK
52.48
Communication Equipment Industry
- Max
- 16.12
- Q3
- 9.22
- Median
- 2.52
- Q1
- -0.75
- Min
- -12.07
With an Interest Coverage Ratio of 52.48, NOK demonstrates a superior capacity to service its debt, placing it well above the typical range for the Communication Equipment industry. This stems from either robust earnings or a conservative debt load.
Financial Strength at a Glance
| Symbol | ASX | NOK |
|---|---|---|
| Current Ratio (TTM) | 1.04 | 1.36 |
| Quick Ratio (TTM) | 0.82 | 1.15 |
| Debt-to-Equity Ratio (TTM) | 0.72 | 0.24 |
| Debt-to-Asset Ratio (TTM) | 0.29 | 0.13 |
| Net Debt-to-EBITDA Ratio (TTM) | 1.32 | -0.20 |
| Interest Coverage Ratio (TTM) | 7.79 | 52.48 |
Growth
The following charts compare key year-over-year (YoY) growth metrics for ASX and NOK. 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.
NOK
2.69%
Communication Equipment Industry
- Max
- 4.72%
- Q3
- 0.38%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
With a Dividend Yield of 2.69%, NOK offers a more attractive income stream than most of its peers in the Communication Equipment 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.
NOK
91.96%
Communication Equipment Industry
- Max
- 91.96%
- Q3
- 26.44%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
NOK’s Dividend Payout Ratio of 91.96% is in the upper quartile for the Communication Equipment 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.
Dividend at a Glance
| Symbol | ASX | NOK |
|---|---|---|
| Dividend Yield (TTM) | 3.60% | 2.69% |
| Dividend Payout Ratio (TTM) | 65.52% | 91.96% |
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.
NOK
30.67
Communication Equipment Industry
- Max
- 44.37
- Q3
- 41.98
- Median
- 30.61
- Q1
- 23.44
- Min
- 2.14
NOK’s P/E Ratio of 30.67 is within the middle range for the Communication Equipment industry. This suggests its valuation is in line with the sector average, representing neither a significant premium nor a discount compared to its peers.
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.
NOK
4.29
Communication Equipment Industry
- Max
- 15.97
- Q3
- 6.99
- Median
- 2.78
- Q1
- 0.66
- Min
- 0.05
The Forward PEG Ratio is often not a primary valuation metric in the Communication Equipment 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.
NOK
1.24
Communication Equipment Industry
- Max
- 6.38
- Q3
- 3.88
- Median
- 2.17
- Q1
- 1.15
- Min
- 0.37
NOK’s P/S Ratio of 1.24 aligns with the market consensus for the Communication Equipment 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.
NOK
1.14
Communication Equipment Industry
- Max
- 14.42
- Q3
- 7.01
- Median
- 3.09
- Q1
- 1.38
- Min
- 0.41
NOK’s P/B Ratio of 1.14 is in the lower quartile for the Communication Equipment industry. From a value investing perspective, this is favorable, as it suggests the stock is trading at a discount to its net asset value and may offer a greater margin of safety.
Valuation at a Glance
| Symbol | ASX | NOK |
|---|---|---|
| Price-to-Earnings Ratio (P/E, TTM) | 18.57 | 30.67 |
| Forward PEG Ratio (TTM) | 0.73 | 4.29 |
| Price-to-Sales Ratio (P/S, TTM) | 1.05 | 1.24 |
| Price-to-Book Ratio (P/B, TTM) | 2.04 | 1.14 |
| Price-to-Free Cash Flow Ratio (P/FCF, TTM) | -63.40 | 13.26 |
| EV-to-EBITDA (TTM) | 7.08 | 9.51 |
| EV-to-Sales (TTM) | 1.29 | 1.21 |