ASUSTeK Computer

2357.TW

Computer Hardware · Technology

Price

817.00 TWD

-1.00 (-0.12%)

Market Cap

606.84B TWD

Exchange

Taiwan Stock Exchange

Winston Score

Winston is serious

Mixed quality — meaningful strengths and weaknesses.

Data as of Aug 9, 2026 · filings through Mar 31, 2026

Share count rising — dilution

+6.8% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 752.5M (2021) → 803.7M (2025)

ASUSTeK Computer Inc., commonly known as ASUS, is a Taiwanese technology company that designs and sells personal computers, laptops, motherboards, graphics cards, smartphones, and networking equipment. Its products are used by everyday consumers, gamers, and businesses around the world. ASUS is one of the largest PC and motherboard makers globally, and its ROG (Republic of Gamers) brand is widely recognized in the gaming hardware market.

ASUS makes money primarily by selling hardware directly to consumers and through retail and distribution partners. The company operates worldwide, with strong sales across Asia, Europe, and North America, generating revenue in the hundreds of billions of New Taiwan dollars annually. Its competitive edge comes from a broad product lineup and strong brand recognition among PC enthusiasts and gamers. The main risks it faces are intense price competition from rivals like Lenovo, HP, and Dell, as well as exposure to global supply chain disruptions and fluctuating demand for consumer electronics.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+41.1% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

-23.4% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$24.8B/ year

↑ Rising (+13% vs prior year)

3.4% of revenue

Below sector average (15%)

R&D investment increasing — building for the future

Insider Activity

8.6%ownership

Insiders own a meaningful stake in the company

Cash Runway

~12 months

$185.8B cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Adequate runway but may need to raise capital within 2 years

Revenue accelerating

ASUSTeK Computer grew revenue 41% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin

14.9%

Thin — 14.9% gross margin

Operating Margin

5.7%

Thin — 5.7% operating margin

ROCE

3.6%

Weak — 3.6% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

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Growth

Sales YoY

+30.4%

Fast-growing sales (+30.4% YoY)

EPS YoY

+7.3%

Modest earnings growth (+7.3% YoY)

Single-digit earnings growth — steady but not exciting.

EPS Consistency

4/8 quarters

Earnings inconsistent quarter-to-quarter

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Cash Flow

Cash Conversion

-81%

Weak — only -81% of profit becomes cash

FCF Margin

-4.5%

Burning cash (-4.5%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity

0.15

Conservative — low debt load (0.15)

Interest Cover

37.82x

Comfortably covers interest (37.8x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

P/E Ratio (TTM)

14.6x

Attractive valuation — P/E 14.6

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

P/E vs Forward

-0.1

SLOWING

Earnings expected to fall — forward P/E higher than today

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Dividends

Dividend Yield

5.19%

Healthy income — 5.19% yield

Generous yield. Worth checking whether the payout is sustainable.

Dividend Growth

+11.3%

Dividend growing fast (11.3% YoY)

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