Head to Head Analysis: ASE Technology (NYSE:ASX) vs. Coda Octopus Group (NASDAQ:CODA)

Coda Octopus Group (NASDAQ:CODA) and ASE Technology (NYSE:ASX) are both computer and technology companies, but which is the better business? We will contrast the two businesses based on the strength of their earnings, profitability, risk, valuation, analyst recommendations, institutional ownership and dividends.

Analyst Ratings

This is a summary of current recommendations for Coda Octopus Group and ASE Technology, as provided by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Coda Octopus Group	0	0	1	0	3.00
ASE Technology	0	0	2	0	3.00

Coda Octopus Group presently has a consensus price target of $11.00, suggesting a potential upside of 35.80%. Given Coda Octopus Group’s higher possible upside, analysts clearly believe Coda Octopus Group is more favorable than ASE Technology.

Insider & Institutional Ownership

20.1% of Coda Octopus Group shares are owned by institutional investors. Comparatively, 6.8% of ASE Technology shares are owned by institutional investors. 21.8% of Coda Octopus Group shares are owned by company insiders. Comparatively, 22.9% of ASE Technology shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.

Volatility & Risk

Coda Octopus Group has a beta of 0.65, suggesting that its share price is 35% less volatile than the S&P 500. Comparatively, ASE Technology has a beta of 1.22, suggesting that its share price is 22% more volatile than the S&P 500.

Profitability

This table compares Coda Octopus Group and ASE Technology’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Coda Octopus Group	15.04%	6.37%	5.93%
ASE Technology	5.48%	10.33%	4.56%

Valuation and Earnings

This table compares Coda Octopus Group and ASE Technology”s revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Coda Octopus Group	$20.32 million	4.48	$3.65 million	$0.30	27.00
ASE Technology	$18.54 billion	1.18	$987.46 million	$0.47	21.10

ASE Technology has higher revenue and earnings than Coda Octopus Group. ASE Technology is trading at a lower price-to-earnings ratio than Coda Octopus Group, indicating that it is currently the more affordable of the two stocks.

Summary

ASE Technology beats Coda Octopus Group on 7 of the 13 factors compared between the two stocks.

About Coda Octopus Group

Coda Octopus Group, Inc., together with its subsidiaries, develops, sells, and rentals underwater technologies and equipment for real time 3D imaging, mapping, defense, and survey applications in the Americas, Europe, Australia, Asia, the Middle East, and Africa. The company operates through two segments, Marine Engineering Business and Marine Technology Business. The company's solutions include geophysical systems; GNSS-aided navigation systems (attitude and positioning systems); real time volumetric imaging sonar products; and diver augmented vision display systems. It also offers GeoSurvey, a software and hardware package for acquisition and processing of sidescan sonar and sub-bottom profiler data in oil and gas companies; DA4G, a geophysical hardware; and Survey Engine, a software product that provides post-processing solutions for sidescan sonar and sub-bottom profiler data. In addition, the company offers 3D/4D/5D/6D imaging sonar technology under the Echoscope and Echoscope PIPE name; diving technology under the CodaOctopus DAVD; and operates as a sub-contractor for defense contractors, as well as supplies sub-assemblies for broader mission critical defense systems. It markets and sells its technology solutions for the subsea and underwater markets. Coda Octopus Group, Inc. was founded in 1994 and is headquartered in Orlando, Florida.

About ASE Technology

ASE Technology Holding Co., Ltd., together with its subsidiaries, provides semiconductors packaging and testing, and electronic manufacturing services in the United States, Taiwan, Asia, Europe, and internationally. It develops, constructs, sells, leases, and manages real estate properties; produces substrates; offers information software, equipment leasing, investment advisory, and warehousing management services; commercial complex, after-sales, and support services; manages parking lot services; processes and sells computer and communication peripherals, electronic components, telecommunications equipment, and motherboards; and imports and exports goods and technology. ASE Technology Holding Co., Ltd. was founded in 1984 and is based in Kaohsiung, Taiwan.