ASMPT Ltd (0522) AI Stock Analysis

• Market Cap: $33.98B
• Dividend Yield: 0.62%
• Average Volume (3M): 3.31M
• Price to Earnings (P/E): 138.7
• Beta (1Y): 0.83
• Revenue Growth: -0.64%
• EPS Growth: -39.74%
• Country: HK
• Employees: 10,600
• Sector: Technology
• Sector Strength: 88
• Industry: Semiconductors
• EPS (TTM): -0.65
• Shares Outstanding: 416,458,620
• 10 Day Avg. Volume: 4,274,362
• 30 Day Avg. Volume: 3,308,162
• PEG Ratio: -1.73
• Price to Book (P/B): 2.04
• Price to Sales (P/S): 2.35
• P/FCF Ratio: 54.81
• Enterprise Value/Market Cap: 0.70
• Enterprise Value/Revenue: 1.45
• Enterprise Value/Gross Profit: 3.62
• Enterprise Value/Ebitda: 17.05
• 1Y Price Target: $94.08
• Price Target Upside: 14.25% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 12
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 59 Neutral
• Price Target: HK$85.00 ▲(3.22% Upside)

ASM Pacific Technology's overall stock score reflects a combination of mixed financial performance, technical indicators suggesting potential short-term weakness, and high valuation concerns. The positive outlook from the earnings call, driven by AI momentum and revenue growth, provides some optimism, but challenges in profitability and cash flow remain significant risks.

Positive Factors

Strong Revenue Growth

Consistent revenue growth indicates robust demand for ASMPT's products, enhancing its market position and supporting long-term financial stability.

AI Momentum

AI adoption drives demand for advanced packaging solutions, positioning ASMPT as a leader in emerging technologies, which is crucial for future growth.

Strong Balance Sheet

A strong balance sheet with low leverage provides financial stability and flexibility to invest in growth opportunities and withstand market fluctuations.

Negative Factors

Declining Profitability

Decreasing profitability indicates challenges in cost management and competitive pressures, which could hinder long-term earnings potential.

Reduced Free Cash Flow

A sharp decline in free cash flow limits the company's ability to fund operations and growth internally, potentially affecting future investments.

SEMI Segment Challenges

Challenges in the SEMI segment, including timing and shipment disruptions, could impact revenue stability and growth in this key business area.

ASMPT Ltd Business Overview & Revenue Model

Company Description

ASMPT Limited, an investment holding company, engages in the design, manufacture, and marketing of machines, tools, and materials used in the semiconductor and electronics assembly industries worldwide. It operates through Semiconductor Solutions and Surface Mount Technology Solutions segments. The company provides deposition process equipment, wafer separation equipment, AOI/FOL equipment, die attach equipment, wire bonding equipment, dispensing equipment, encapsulation solutions equipment, and CIS equipment. It also offers singulation, trim, and form systems; LED testing, sorting, and taping systems; sintering equipment; and test and finish handling systems. In addition, the company offers surface mount technologies; advanced packaging solutions; encapsulation solutions; MEM solutions; power solutions; LED/opto solutions; photonics solutions; COB solutions; stacked die solutions; and smart SMT factory solutions, as well as image sensor applications. Further, it provides agency and logistics services. The company was formerly known as ASM Pacific Technology Limited and changed its name to ASMPT Limited in June 2022. ASMPT Limited was founded in 1975 and is based in Tsing Yi, Hong Kong.

How the Company Makes Money

ASM Pacific Technology generates revenue primarily through the sale of its semiconductor and electronics assembly equipment, which includes products such as die bonding machines, wire bonding equipment, and advanced packaging solutions. Key revenue streams include direct sales of equipment, service agreements for maintenance and support, and the sale of consumables and materials used in the manufacturing processes. The company also benefits from long-term partnerships with major semiconductor manufacturers, which provide a steady stream of orders and contribute to its market presence. Additionally, ASMPT invests in research and development to innovate new technologies, ensuring its products meet the evolving needs of the industry, thus enhancing its competitive edge and revenue potential.

ASMPT Ltd Financial Statement Overview

Summary

ASM Pacific Technology shows mixed financial performance. The income statement indicates declining profitability and revenue, signaling operational challenges. The balance sheet is strong with low debt, reflecting financial stability. However, the sharp decline in free cash flow suggests potential constraints on future growth and investment.

Income Statement

The company's gross profit margin has remained stable, indicating consistent profitability from its core operations. However, the net profit margin has significantly declined over the past year from 4.87% to 2.61%, suggesting challenges in converting revenue into net income. Revenue growth has been negative, with a decline of approximately 9.99% from the previous year, indicating potential demand issues or competitive pressures. The absence of EBIT in the latest year raises concerns about operational efficiency.

Balance Sheet

The balance sheet reflects a solid equity base with a debt-to-equity ratio of 0.30, indicating low financial leverage. The equity ratio is strong at 64.15%, suggesting a conservative capital structure and financial stability. Return on equity has decreased to 2.27%, showing reduced effectiveness in generating returns for shareholders. Despite these challenges, the company maintains a healthy asset structure.

Cash Flow

The free cash flow has substantially decreased, with a negative growth rate of -70.10%, impacting the company's ability to fund operations and growth from internal resources. The operating cash flow to net income ratio is favorable at 2.96, indicating strong cash generation relative to net income. However, the reduced free cash flow to net income ratio of 1.64 highlights potential inefficiencies in capital expenditures.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	16.40B	13.23B	14.70B	19.36B	21.95B	14.70B
Gross Profit	6.54B	5.29B	5.77B	7.97B	8.91B	5.08B
EBITDA	1.39B	1.39B	1.93B	4.10B	4.79B	1.85B
Net Income	328.79M	345.26M	715.35M	2.62B	3.17B	1.62B
Balance Sheet
Total Assets	25.40B	23.67B	23.96B	24.78B	26.50B	23.16B
Cash, Cash Equivalents and Short-Term Investments	5.00B	5.10B	4.80B	4.41B	4.88B	4.46B
Total Debt	4.85B	4.56B	4.03B	3.76B	4.24B	4.57B
Total Liabilities	8.98B	8.38B	8.16B	8.92B	11.09B	9.97B
Stockholders Equity	16.31B	15.19B	15.69B	15.74B	15.28B	13.17B
Cash Flow
Free Cash Flow	-341.43M	566.24M	1.89B	2.45B	2.19B	2.23B
Operating Cash Flow	-10.40M	1.02B	2.35B	2.94B	2.54B	2.68B
Investing Cash Flow	-555.97M	-607.26M	-607.42M	-598.84M	-518.73M	311.84M
Financing Cash Flow	-344.07M	-234.63M	-1.62B	-2.55B	-1.72B	-969.35M

ASMPT Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 82.35
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0522, the sentiment is Positive. The current price of 82.35 is below the 20-day moving average (MA) of 85.11, above the 50-day MA of 80.03, and above the 200-day MA of 65.36, indicating a neutral trend. The MACD of 0.04 indicates Positive momentum. The RSI at 48.33 is Neutral, neither overbought nor oversold. The STOCH value of 15.82 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0522.

ASMPT Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1385	73 Outperform	$47.82B	66.14	7.85%	0.22%	12.62%	-4.75%
0085	63 Neutral	HK$2.94B	7.07	17.96%	6.34%	-18.35%	-6.00%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
2878	61 Neutral	€1.19B	23.19	4.98%	―	-25.16%	-51.97%
0522	59 Neutral	$33.98B	138.67	1.55%	0.62%	-0.64%	-39.74%
1347	54 Neutral	HK$155.90B	629.57	0.12%	0.21%	19.15%	-94.32%
8490	46 Neutral	HK$99.48M	―	-41.46%	―	-26.02%	-4977.27%

ASMPT Ltd Corporate Events

ASMPT Limited Reports Strong Q3 2025 Results

ASMPT Limited is a leading global supplier of hardware and software solutions for the manufacture of semiconductors and electronics, headquartered in Singapore, and is a prominent player in the semiconductor assembly & packaging and SMT industries.

ASM Pacific Technology Reports Strong Q3 2025 Results Driven by AI Momentum

ASM Pacific Technology reported its unaudited results for the third quarter of 2025, showing a revenue increase of 7.6% quarter-on-quarter and 9.5% year-on-year, driven by strong momentum in AI adoption. Despite a consolidated net loss, the company achieved an adjusted net profit of HK$101.9 million, reflecting a significant year-on-year increase. The company’s advanced packaging solutions, particularly in TCB for memory and logic, have secured recurring orders, underscoring its technological leadership and positioning it well for future growth in the semiconductor industry.

The most recent analyst rating on (HK:0522) stock is a Hold with a HK$92.00 price target. To see the full list of analyst forecasts on ASM Pacific Technology stock, see the HK:0522 Stock Forecast page.

ASMPT Limited Reports Strong AI-Driven Momentum in Q3 2025 Results

ASMPT Limited has announced its 2025 third-quarter results, showcasing strong momentum driven by AI technologies. The company reported a profitable quarter on an adjusted basis, with notable growth in bookings and revenue, despite a decline in gross and operating profits. The SMT segment showed recovery, and the company provided optimistic revenue guidance for the fourth quarter, indicating a positive outlook for stakeholders.

The most recent analyst rating on (HK:0522) stock is a Hold with a HK$92.00 price target. To see the full list of analyst forecasts on ASM Pacific Technology stock, see the HK:0522 Stock Forecast page.

ASM Pacific Technology Schedules Board Meeting for Financial Results Announcement

ASM Pacific Technology has announced a board meeting scheduled for October 28, 2025, to discuss and approve the unaudited consolidated financial results for the nine months ending September 30, 2025. This announcement is significant as it will provide stakeholders with insights into the company’s financial performance and strategic direction, potentially impacting its market positioning and investor confidence.

The most recent analyst rating on (HK:0522) stock is a Buy with a HK$125.00 price target. To see the full list of analyst forecasts on ASM Pacific Technology stock, see the HK:0522 Stock Forecast page.

ASMPT Limited to Liquidate Subsidiary for Strategic Supply Chain Optimization

ASMPT Limited has announced the voluntary liquidation of its wholly-owned subsidiary, ASMPT Equipment (Shenzhen) Co., Ltd., as part of a strategic move to optimize its global supply chain. This decision, affecting approximately 950 staff, is expected to enhance the company’s cost competitiveness and operational efficiency, with estimated annual savings of RMB115 million, despite incurring one-off restructuring costs of RMB360 million.

The most recent analyst rating on (HK:0522) stock is a Hold with a HK$58.00 price target. To see the full list of analyst forecasts on ASM Pacific Technology stock, see the HK:0522 Stock Forecast page.

ASMPT Optimizes Manufacturing Operations with Shenzhen Closure

ASMPT announced the strategic closure of its Shenzhen facility, affecting approximately 950 employees, as part of an effort to optimize its global manufacturing operations. This move aims to enhance the company’s cost competitiveness, agility, and resilience, while maintaining uninterrupted service and product quality for customers, reflecting its commitment to sustainable growth and operational excellence.

The most recent analyst rating on (HK:0522) stock is a Hold with a HK$58.00 price target. To see the full list of analyst forecasts on ASM Pacific Technology stock, see the HK:0522 Stock Forecast page.