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Taiwan fabless chipmaker making PC I/O controller chips — USB, PCIe and SATA host controllers — for motherboards and storage.
Taiwan fabless chipmaker making PC I/O controller chips — USB, PCIe and SATA host controllers — for motherboards and storage.
Makes money from I/O controller chips sold to motherboard and device makers, and since AMD's recent PC chipsets are built on ASMedia designs, its volume follows AMD platform launches. Spun out of Asus, which remains its largest shareholder.
In one line: A small PC I/O-chip company in the niche of Genesys Logic/ASMedia peers.
Moat: narrow (IP / patents, customer qualification). Long-standing design-in relationships with Taiwan motherboard makers for PC I/O chips.
Headquarters: Taipei, Taiwan · Founded: 2004 · Employees: 341
Size Asmedia Technology (5269.TW) is a Taiwan Information Technology company (Semiconductors) with a market value of $2.60B, the 139th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$1,160 on 6 Nov 2026.
Performance Over six months the shares fell 14.1%, against -21.7% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 10th highest of 21 in its peer set.
Growth Revenue grew 38.4% over the last twelve months (peer median +25.1%); the operating margin is 24.9% (peer median 7.0%).
Valuation It trades at 12.5× forward earnings against a peer median of 28.0× (4th cheapest of 20).
Price implies For today's price to make sense, revenue must grow about 12% a year for seven years (Req g). Recent delivered growth is +14%, so the hurdle is -2 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.4 points above its cost of capital (9.4% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$13.7B | NT$13.4B | NT$8.08B | NT$6.41B | NT$5.25B |
| Revenue growth | — | +66% | +26% | +22% | — |
| Gross profit | NT$6.36B | NT$6.52B | NT$3.98B | NT$3.18B | NT$2.43B |
| EBITDA | NT$4.08B | NT$4.47B | NT$2.76B | NT$2.20B | NT$1.62B |
| Net income | NT$6.95B | NT$5.43B | NT$3.73B | NT$2.23B | NT$2.62B |
| Free cash flow | NT$6.65B | NT$4.69B | NT$3.72B | NT$3.84B | NT$1.58B |
| Capital expenditure | NT$524M | NT$665M | NT$310M | NT$2.12B | NT$487M |
| Total debt | NT$98.9M | NT$68.2M | NT$27.0M | NT$345M | NT$1.16B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Asmedia Technology 5269.TW | $2.60B | -14% | +38% | 25% | 12.5× | 12.3% |
| Realtek Semiconductor 2379.TW | $11.0B | +33% | +12% | 11% | 19.9× | 8.4% |
| Texas Instruments TXN | $253B | -4% | +20% | 41% | 24.6× | 23.3% |
| Etron Technology 5351.TWO | $835M | +13% | +246% | 21% | n/a | 3.3% |
| Microchip Technology MCHP | $31.7B | -41% | +21% | 16% | 14.5× | 34.2% |
| Broadcom AVGO | $1.40T | -32% | +49% | 49% | 16.9× | 26.6% |
| Parade Technologies 4966.TWO | $915M | -31% | -3% | 14% | 13.2× | 3.8% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 5269.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -21.4% | -23.5% | 9th highest of 21 |
| 6-month return | -14.1% | -21.7% | 10th highest of 21 |
| Distance from 52-week high | -30.1% | -55.4% | 3rd highest of 21 |
| Revenue growth (TTM) | +38.4% | +25.1% | 6th highest of 21 |
| Operating margin | 24.9% | 7.0% | 4th highest of 21 |
| Forward P/E | 12.5× | 28.0× | 4th cheapest of 20 |
| Growth the price implies (Req g, 7 yrs) | 12.3% | 6.9% | 6th most demanding of 12 |
| Growth delivered (Del g) | +14.0% | +13.1% | 5th highest of 12 |
| Hurdle (Req g minus delivered) | -1.7 pp | -2.8 pp | 6th most demanding of 12 |
| ROIC minus cost of capital | +0.4 pp | -3.5 pp | 8th highest of 21 |
| EV / EBITDA | 19.1× | 13.8× | 3rd most expensive of 10 |
| Net debt / EBITDA | -1.9× | -1.8× | 4th least indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Asmedia Technology 5269.TW | Taiwan | $2.60B | -14% | +38% | 25% | 12.5× | 12.3% | +14.0% |
| Leeno Industrial 058470.KS | South Korea | $2.60B | -61% | +24% | 49% | 19.4× | 6.3% | +13.1% |
| Ambarella AMBA | United States | $2.58B | -23% | +20% | -15% | 66.0× | n/a | n/a |
| OUST OUST | United States | $2.54B | +38% | +64% | -29% | n/a | n/a | n/a |
| Topco Scientific 5434.TW | Taiwan | $2.68B | +11% | +21% | 7% | 14.3× | 3.8% | +13.3% |
| PENG PENG | United States | $2.52B | -5% | +26% | 10% | 9.2× | n/a | n/a |
| Simmtech 222800.KS | South Korea | $2.69B | +7% | +42% | 9% | 18.7× | n/a | n/a |
| StarPower Semiconductor 603290.SS | China | $2.50B | -33% | +4% | 1% | 76.8× | 26.3% | +33.0% |
| Maxio Technology (Hangzhou) 688449.SS | China | $2.71B | -29% | +40% | 5% | 37.7× | n/a | n/a |
| Shanghai Bright Power Semiconductor 688368.SS | China | $2.72B | -20% | +90% | 6% | 85.4× | 54.1% | +7.3% |
| Great Microwave Technology 688270.SS | China | $2.46B | -41% | +8% | 32% | 69.6× | 48.7% | +23.2% |
| Gpixel Changchun Microelectronics 3277.HK | Hong Kong | $2.45B | -48% | +27% | 33% | 28.0× | 6.9% | +9.7% |
| Wuxi NCE Power 605111.SS | China | $2.45B | -3% | +28% | 19% | 30.4× | 27.2% | +14.5% |
| Hefei Chipmore Technology 688352.SS | China | $2.45B | +7% | -1% | 7% | 53.1× | n/a | n/a |
| IPG Photonics IPGP | United States | $2.78B | -38% | +15% | 5% | 32.8× | 24.8% | -3.5% |
| Sino-American Silicon Products 5483.TWO | Taiwan | $2.80B | 0% | -1% | 12% | 15.8× | n/a | n/a |
| DB HiTek 000990.KS | South Korea | $2.41B | -48% | +29% | 21% | 8.9× | 2.3% | +8.3% |
| Sunrun RUN | United States | $2.40B | -32% | +63% | 2% | 38.7× | n/a | n/a |
| Acter 5536.TWO | Taiwan | $2.39B | -26% | +28% | 16% | 10.0× | -6.0% | +24.3% |
| Holy Stone Enterprise 3026.TW | Taiwan | $2.39B | +91% | +17% | 2% | 21.0× | n/a | n/a |
| MLS 002745.SZ | China | $2.36B | +11% | +19% | -4% | 24.0× | 2.4% | +0.1% |