ASX FCF Yield: current value, 10-year range and year-by-year history
Cash & Leverage
ASX's fcf yield is lower than 95% of the last 10 years.
FCF Yield History
ASX FCF Yield by year
Yearly range of ASX’s fcf yield from 2016 to 2026. Over the full period it ranged from -30.1% to 11.7%, averaging 2.8%.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | -18.7% | -11.2% | -6.9% | -9.0% |
| 2025 | -30.1% | -7.2% | 0.9% | -19.6% |
| 2024 | 0.8% | 5.4% | 8.8% | 0.8% |
| 2023 | 7.5% | 9.2% | 11.7% | 9.7% |
| 2022 | 1.6% | 3.3% | 4.9% | 3.7% |
| 2021 | 1.1% | 1.7% | 2.8% | 1.6% |
| 2020 | 2.9% | 4.7% | 7.8% | 2.9% |
| 2019 | 3.3% | 4.4% | 6.1% | 4.6% |
| 2018 | 3.5% | 4.6% | 5.9% | 3.8% |
| 2017 | 4.9% | 6.3% | 8.3% | 5.4% |
| 2016 | 8.5% | 9.4% | 10.7% | 10.5% |
Free cash flow generated divided by market capitalisation. Often more reliable than earnings yield because it reflects actual cash — harder to inflate through accounting choices.
Free Cash Flow / Market Cap × 100%Think of it as the "cash earnings yield" on your investment. High FCF yield vs history suggests the market may be undervaluing the company's real cash generation ability.
- FCF can be lumpy year-to-year due to irregular capex or working capital swings. Look at 3–5 year trends, not single-year readings.
- Businesses intentionally reinvesting for growth will show low or negative FCF yield by design — this metric is less useful for high-growth phase companies.
Is ASX FCF Yield High or Low Right Now?
ASE Technology Holding Co., Ltd.'s FCF Yield is currently -9.0%, which is near historic low relative to its 10-year historical range. The 10-year median FCF Yield for ASX is approximately 4.3%. See all ASX valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.