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ASX vs ICHR
Revenue, margins, valuation, and 5-year total return — side by side.
Semiconductors
ASX vs ICHR — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Semiconductors | Semiconductors |
| Market Cap | $74.84B | $2.59B |
| Revenue (TTM) | $666.14B | $959M |
| Net Income (TTM) | $47.13B | $-51M |
| Gross Margin | 18.3% | 11.3% |
| Operating Margin | 8.8% | -3.8% |
| Forward P/E | 1.0x | 54.0x |
| Total Debt | $264.10B | $186M |
| Cash & Equiv. | $92.47B | $98M |
ASX vs ICHR — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| ASE Technology Hold… (ASX) | 100 | 839.0 | +739.0% |
| Ichor Holdings, Ltd. (ICHR) | 100 | 327.1 | +227.1% |
Price return only. Dividends and distributions are not included.
Quick Verdict: ASX vs ICHR
Each card shows where this stock fits in a portfolio — not just who wins on paper.
ASX carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 1 yrs, beta 1.60, yield 1.0%
- Rev growth 6.8%, EPS growth 27.7%, 3Y rev CAGR -1.5%
- 7.0% 10Y total return vs ICHR's 6.6%
ICHR is the clearest fit if your priority is growth and momentum.
- 11.6% revenue growth vs ASX's 6.8%
- +345.1% vs ASX's +276.8%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 11.6% revenue growth vs ASX's 6.8% | |
| Value | Lower P/E (1.0x vs 54.0x) | |
| Quality / Margins | 7.1% margin vs ICHR's -5.3% | |
| Stability / Safety | Beta 1.60 vs ICHR's 3.78 | |
| Dividends | 1.0% yield; 1-year raise streak; the other pay no meaningful dividend | |
| Momentum (1Y) | +345.1% vs ASX's +276.8% | |
| Efficiency (ROA) | 5.5% ROA vs ICHR's -5.2%, ROIC 7.6% vs -3.9% |
ASX vs ICHR — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
ASX vs ICHR — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
ASX leads this category, winning 6 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
ASX is the larger business by revenue, generating $666.1B annually — 694.4x ICHR's $959M. ASX is the more profitable business, keeping 7.1% of every revenue dollar as net income compared to ICHR's -5.3%. On growth, ASX holds the edge at +17.4% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $666.1B | $959M |
| EBITDAEarnings before interest/tax | $127.9B | -$11M |
| Net IncomeAfter-tax profit | $47.1B | -$51M |
| Free Cash FlowCash after capex | -$6.2B | -$17M |
| Gross MarginGross profit ÷ Revenue | +18.3% | +11.3% |
| Operating MarginEBIT ÷ Revenue | +8.8% | -3.8% |
| Net MarginNet income ÷ Revenue | +7.1% | -5.3% |
| FCF MarginFCF ÷ Revenue | -0.9% | -1.7% |
| Rev. Growth (YoY)Latest quarter vs prior year | +17.4% | +4.7% |
| EPS Growth (YoY)Latest quarter vs prior year | +95.1% | +46.2% |
Valuation Metrics
ICHR leads this category, winning 3 of 4 comparable metrics.
Valuation Metrics
| Metric | ||
|---|---|---|
| Market CapShares × price | $74.8B | $2.6B |
| Enterprise ValueMkt cap + debt − cash | $80.3B | $2.7B |
| Trailing P/EPrice ÷ TTM EPS | 58.15x | -48.32x |
| Forward P/EPrice ÷ next-FY EPS est. | 1.04x | 53.98x |
| PEG RatioP/E ÷ EPS growth rate | 7.36x | — |
| EV / EBITDAEnterprise value multiple | 21.20x | — |
| Price / SalesMarket cap ÷ Revenue | 3.62x | 2.73x |
| Price / BookPrice ÷ Book value/share | 6.37x | 3.84x |
| Price / FCFMarket cap ÷ FCF | — | — |
Profitability & Efficiency
ASX leads this category, winning 6 of 9 comparable metrics.
Profitability & Efficiency
ASX delivers a 13.4% return on equity — every $100 of shareholder capital generates $13 in annual profit, vs $-8 for ICHR. ICHR carries lower financial leverage with a 0.28x debt-to-equity ratio, signaling a more conservative balance sheet compared to ASX's 0.71x. On the Piotroski fundamental quality scale (0–9), ASX scores 6/9 vs ICHR's 3/9, reflecting solid financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +13.4% | -7.5% |
| ROA (TTM)Return on assets | +5.5% | -5.2% |
| ROICReturn on invested capital | +7.6% | -3.9% |
| ROCEReturn on capital employed | +8.9% | -4.7% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 3 |
| Debt / EquityFinancial leverage | 0.71x | 0.28x |
| Net DebtTotal debt minus cash | $171.6B | $87M |
| Cash & Equiv.Liquid assets | $92.5B | $98M |
| Total DebtShort + long-term debt | $264.1B | $186M |
| Interest CoverageEBIT ÷ Interest expense | 10.27x | -5.97x |
Total Returns (Dividends Reinvested)
ASX leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in ASX five years ago would be worth $46,812 today (with dividends reinvested), compared to $14,598 for ICHR. Over the past 12 months, ICHR leads with a +345.1% total return vs ASX's +276.8%. The 3-year compound annual growth rate (CAGR) favors ASX at 71.1% vs ICHR's 37.9% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +103.0% | +264.6% |
| 1-Year ReturnPast 12 months | +276.8% | +345.1% |
| 3-Year ReturnCumulative with dividends | +400.9% | +162.3% |
| 5-Year ReturnCumulative with dividends | +368.1% | +46.0% |
| 10-Year ReturnCumulative with dividends | +703.9% | +661.7% |
| CAGR (3Y)Annualised 3-year return | +71.1% | +37.9% |
Risk & Volatility
ASX leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
ASX is the less volatile stock with a 1.60 beta — it tends to amplify market swings less than ICHR's 3.78 beta. A beta below 1.0 means the stock typically moves less than the S&P 500.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.60x | 3.78x |
| 52-Week HighHighest price in past year | $34.30 | $75.35 |
| 52-Week LowLowest price in past year | $9.12 | $13.12 |
| % of 52W HighCurrent price vs 52-week peak | +99.8% | +98.8% |
| RSI (14)Momentum oscillator 0–100 | 73.8 | 64.2 |
| Avg Volume (50D)Average daily shares traded | 6.9M | 791K |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates ASX as "Buy" and ICHR as "Buy". ASX is the only dividend payer here at 0.97% yield — a key consideration for income-focused portfolios.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | — | $54.60 |
| # AnalystsCovering analysts | 5 | 14 |
| Dividend YieldAnnual dividend ÷ price | +1.0% | — |
| Dividend StreakConsecutive years of raises | 1 | 1 |
| Dividend / ShareAnnual DPS | $10.46 | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% |
ASX leads in 4 of 6 categories (Income & Cash Flow, Profitability & Efficiency). ICHR leads in 1 (Valuation Metrics).
ASX vs ICHR: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is ASX or ICHR a better buy right now?
For growth investors, Ichor Holdings, Ltd.
(ICHR) is the stronger pick with 11. 6% revenue growth year-over-year, versus 6. 8% for ASE Technology Holding Co. , Ltd. (ASX). ASE Technology Holding Co. , Ltd. (ASX) offers the better valuation at 58. 2x trailing P/E (1. 0x forward), making it the more compelling value choice. Analysts rate ASE Technology Holding Co. , Ltd. (ASX) a "Buy" — based on 5 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — ASX or ICHR?
On forward P/E, ASE Technology Holding Co.
, Ltd. is actually cheaper at 1. 0x.
03Which is the better long-term investment — ASX or ICHR?
Over the past 5 years, ASE Technology Holding Co.
, Ltd. (ASX) delivered a total return of +368. 1%, compared to +46. 0% for Ichor Holdings, Ltd. (ICHR). Over 10 years, the gap is even starker: ASX returned +703. 9% versus ICHR's +661. 7%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — ASX or ICHR?
By beta (market sensitivity over 5 years), ASE Technology Holding Co.
, Ltd. (ASX) is the lower-risk stock at 1. 60β versus Ichor Holdings, Ltd. 's 3. 78β — meaning ICHR is approximately 136% more volatile than ASX relative to the S&P 500. On balance sheet safety, Ichor Holdings, Ltd. (ICHR) carries a lower debt/equity ratio of 28% versus 71% for ASE Technology Holding Co. , Ltd. — giving it more financial flexibility in a downturn.
05Which is growing faster — ASX or ICHR?
By revenue growth (latest reported year), Ichor Holdings, Ltd.
(ICHR) is pulling ahead at 11. 6% versus 6. 8% for ASE Technology Holding Co. , Ltd. (ASX). On earnings-per-share growth, the picture is similar: ASE Technology Holding Co. , Ltd. grew EPS 27. 7% year-over-year, compared to -140. 6% for Ichor Holdings, Ltd.. Over a 3-year CAGR, ASX leads at -1. 5% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — ASX or ICHR?
ASE Technology Holding Co.
, Ltd. (ASX) is the more profitable company, earning 6. 3% net margin versus -5. 6% for Ichor Holdings, Ltd. — meaning it keeps 6. 3% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: ASX leads at 7. 9% versus -4. 1% for ICHR. At the gross margin level — before operating expenses — ASX leads at 17. 7%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is ASX or ICHR more undervalued right now?
On forward earnings alone, ASE Technology Holding Co.
, Ltd. (ASX) trades at 1. 0x forward P/E versus 54. 0x for Ichor Holdings, Ltd. — 52. 9x cheaper on a one-year earnings basis.
08Which pays a better dividend — ASX or ICHR?
In this comparison, ASX (1.
0% yield) pays a dividend. ICHR does not pay a meaningful dividend and should not be held primarily for income.
09Is ASX or ICHR better for a retirement portfolio?
For long-horizon retirement investors, ASE Technology Holding Co.
, Ltd. (ASX) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (1. 0% yield, +703. 9% 10Y return). Ichor Holdings, Ltd. (ICHR) carries a higher beta of 3. 78 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (ASX: +703. 9%, ICHR: +661. 7%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between ASX and ICHR?
Both stocks operate in the Technology sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
ASX pays a dividend while ICHR does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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