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ASM Technologies

BSE:526433
Snowflake Description

Adequate balance sheet second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
526433
BSE
₹543M
Market Cap
  1. Home
  2. IN
  3. Software
Company description

ASM Technologies Limited provides consulting and product development services in the areas of engineering and product engineering in India, Singapore, the United States, and the United Kingdom. The last earnings update was 72 days ago. More info.


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526433 Share Price and Events
7 Day Returns
2.8%
BSE:526433
2.6%
IN IT
1.1%
IN Market
1 Year Returns
-23.6%
BSE:526433
25.3%
IN IT
-0.9%
IN Market
526433 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
ASM Technologies (526433) 2.8% -1.2% -11% -23.6% -39% 19.3%
IN IT 2.6% 4.7% 8.9% 25.3% 48.1% 80%
IN Market 1.1% 1.8% 5.7% -0.9% 41% 72.2%
1 Year Return vs Industry and Market
  • 526433 underperformed the IT industry which returned 25.3% over the past year.
  • 526433 underperformed the Market in India which returned -0.9% over the past year.
Price Volatility
526433
Industry
5yr Volatility vs Market

526433 Value

 Is ASM Technologies undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of ASM Technologies to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for ASM Technologies.

BSE:526433 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 16.8%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BSE:526433
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
IT Unlevered Beta Simply Wall St/ S&P Global 1.05
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.054 (1 + (1- 35%) (9.41%))
1.08
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.08
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.08 * 8.6%)
16.84%

Discounted Cash Flow Calculation for BSE:526433 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for ASM Technologies is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

BSE:526433 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 16.84%)
2019 47.48 Est @ 8.86% 40.64
2020 51.50 Est @ 8.47% 37.73
2021 55.72 Est @ 8.19% 34.94
2022 60.18 Est @ 8% 32.30
2023 64.91 Est @ 7.86% 29.82
2024 69.96 Est @ 7.77% 27.50
2025 75.35 Est @ 7.7% 25.36
2026 81.12 Est @ 7.66% 23.36
2027 87.30 Est @ 7.63% 21.52
2028 93.94 Est @ 7.6% 19.82
Present value of next 10 years cash flows ₹293.00
BSE:526433 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹93.94 × (1 + 7.55%) ÷ (16.84% – 7.55%)
₹1,088.15
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹1,088.15 ÷ (1 + 16.84%)10
₹229.59
BSE:526433 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹293.00 + ₹229.59
₹522.59
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹522.59 / 5.00
₹104.52
BSE:526433 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹104.52
Current discount Discount to share price of ₹108.60
= -1 x (₹108.60 - ₹104.52) / ₹104.52
-3.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of ASM Technologies is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for ASM Technologies's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are ASM Technologies's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:526433 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹5.91
BSE:526433 Share Price ** BSE (2019-04-18) in INR ₹108.6
India IT Industry PE Ratio Median Figure of 84 Publicly-Listed IT Companies 16.19x
India Market PE Ratio Median Figure of 2,736 Publicly-Listed Companies 16.34x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of ASM Technologies.

BSE:526433 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:526433 Share Price ÷ EPS (both in INR)

= 108.6 ÷ 5.91

18.37x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ASM Technologies is overvalued based on earnings compared to the IN IT industry average.
  • ASM Technologies is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does ASM Technologies's expected growth come at a high price?
Raw Data
BSE:526433 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 18.37x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
18.7%per year
India IT Industry PEG Ratio Median Figure of 21 Publicly-Listed IT Companies 1.32x
India Market PEG Ratio Median Figure of 584 Publicly-Listed Companies 1.32x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for ASM Technologies, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on ASM Technologies's assets?
Raw Data
BSE:526433 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹97.30
BSE:526433 Share Price * BSE (2019-04-18) in INR ₹108.6
India IT Industry PB Ratio Median Figure of 108 Publicly-Listed IT Companies 1.36x
India Market PB Ratio Median Figure of 3,627 Publicly-Listed Companies 1.11x
BSE:526433 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:526433 Share Price ÷ Book Value per Share (both in INR)

= 108.6 ÷ 97.30

1.12x

* Primary Listing of ASM Technologies.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ASM Technologies is good value based on assets compared to the IN IT industry average.
X
Value checks
We assess ASM Technologies's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the IT industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the IT industry average (and greater than 0)? (1 check)
  5. ASM Technologies has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

526433 Future Performance

 How is ASM Technologies expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover ASM Technologies, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
18.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is ASM Technologies expected to grow at an attractive rate?
  • ASM Technologies's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • ASM Technologies's earnings growth is expected to exceed the India market average.
  • Unable to compare ASM Technologies's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BSE:526433 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:526433 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 18.7%
India IT Industry Earnings Growth Rate Market Cap Weighted Average 9.6%
India IT Industry Revenue Growth Rate Market Cap Weighted Average 9.4%
India Market Earnings Growth Rate Market Cap Weighted Average 18.6%
India Market Revenue Growth Rate Market Cap Weighted Average 11.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:526433 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:526433 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 846 29
2018-09-30 838 15
2018-06-30 828 3
2018-03-31 826 1 -8
2017-12-31 842 11
2017-09-30 834 13
2017-06-30 818 7
2017-03-31 814 278 13
2016-12-31 -155 -119
2016-09-30 131 -114
2016-06-30 393 -107
2016-03-31 630 -418 -97

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • ASM Technologies's earnings are expected to grow by 18.7% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if ASM Technologies is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:526433 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from ASM Technologies Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:526433 Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 5.91
2018-09-30 2.94
2018-06-30 0.50
2018-03-31 -1.51
2017-12-31 2.25
2017-09-30 2.51
2017-06-30 1.46
2017-03-31 2.67
2016-12-31 -23.87
2016-09-30 -22.75
2016-06-30 -21.38
2016-03-31 -19.40

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if ASM Technologies will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess ASM Technologies's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
ASM Technologies has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

526433 Past Performance

  How has ASM Technologies performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare ASM Technologies's growth in the last year to its industry (IT).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • ASM Technologies's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • ASM Technologies's 1-year earnings growth exceeds its 5-year average (157.7% vs -35.2%)
  • ASM Technologies's earnings growth has exceeded the IN IT industry average in the past year (157.7% vs 24.5%).
Earnings and Revenue History
ASM Technologies's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from ASM Technologies Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:526433 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 845.67 28.99 51.16
2018-09-30 837.69 14.70 51.16
2018-06-30 828.50 2.50 51.16
2018-03-31 826.26 -7.57 51.16
2017-12-31 841.51 11.25 15.64
2017-09-30 834.20 12.54 15.64
2017-06-30 818.45 6.61 15.64
2017-03-31 814.32 13.37 59.05
2016-12-31 -155.37 -119.41 16.77
2016-09-30 131.36 -113.70 16.77
2016-06-30 392.70 -106.86 16.77
2016-03-31 630.50 -96.98 16.77
2015-12-31 1,813.48 49.15 144.08
2015-09-30 1,714.80 39.52 144.08
2015-06-30 1,661.02 48.39
2015-03-31 1,638.49 50.35 24.55
2014-12-31 1,649.92 83.23 104.85
2014-09-30 1,690.73 98.64 104.85
2014-06-30 1,688.18 91.21 104.85
2014-03-31 1,669.46 79.02 104.85
2013-12-31 1,673.16 73.48 114.22
2013-09-30 1,682.80 71.18 114.22
2013-06-30 1,719.20 87.90 114.22
2013-03-31 1,752.05 106.56 114.22
2012-12-31 1,695.72 124.46 68.85
2012-09-30 1,639.23 134.22 68.85
2012-06-30 1,571.55 126.51 68.85

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • ASM Technologies has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • ASM Technologies used its assets less efficiently than the IN IT industry average last year based on Return on Assets.
  • ASM Technologies's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess ASM Technologies's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the IT industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
ASM Technologies has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

526433 Health

 How is ASM Technologies's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up ASM Technologies's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • ASM Technologies is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • ASM Technologies's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of ASM Technologies's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 13.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from ASM Technologies Company Filings, last reported 3 months ago.

BSE:526433 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 486.32 51.07 316.15
2018-09-30 486.32 51.07 316.15
2018-06-30 498.51 79.45 238.20
2018-03-31 498.51 79.45 238.20
2017-12-31 505.86 7.40 254.96
2017-09-30 505.86 7.40 254.96
2017-06-30 476.28 7.87 218.12
2017-03-31 532.96 7.49 163.57
2016-12-31 541.34 0.00 109.11
2016-09-30 541.34 0.00 109.11
2016-06-30 506.76 172.74 131.21
2016-03-31 506.76 172.74 131.21
2015-12-31
2015-09-30
2015-06-30
2015-03-31 520.94 430.29 99.99
2014-12-31
2014-09-30
2014-06-30 501.38 443.11 83.28
2014-03-31 501.38 443.11 83.28
2013-12-31
2013-09-30
2013-06-30 433.05 391.15 93.48
2013-03-31 433.05 391.15 93.48
2012-12-31
2012-09-30
2012-06-30 316.59 334.97 92.36
  • ASM Technologies's level of debt (10.5%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (88.9% vs 10.5% today).
  • Debt is not well covered by operating cash flow (1.4%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.3x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess ASM Technologies's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. ASM Technologies has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

526433 Dividends

 What is ASM Technologies's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.52%
Current annual income from ASM Technologies dividends.
If you bought ₹2,000 of ASM Technologies shares you are expected to receive ₹110 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • ASM Technologies's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.5%).
  • ASM Technologies's dividend is above the markets top 25% of dividend payers in India (1.94%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:526433 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India IT Industry Average Dividend Yield Market Cap Weighted Average of 40 Stocks 1.6%
India Market Average Dividend Yield Market Cap Weighted Average of 1400 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 1.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BSE:526433 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2019-02-06 6.000 5.788
2018-11-05 6.000 5.006
2018-07-03 5.000 4.625
2018-02-07 5.000 3.798
2017-11-06 5.000 3.490
2017-06-23 5.000 4.500
2017-05-08 5.000 4.662
2017-01-30 5.000 4.385
2016-10-19 5.000 4.202
2016-07-25 0.000 0.000
2016-06-27 0.000 0.000
2016-05-11 0.000 0.000
2015-10-15 2.600 1.646
2015-07-23 2.000 1.716
2015-05-26 2.000 2.034
2014-11-28 2.800 1.871
2013-10-28 2.300 2.370
2013-06-06 2.600 3.626
2013-04-15 2.600 4.111
2013-02-01 2.400 3.632
2012-10-31 2.400 2.907
2012-06-01 2.500 3.434
2012-05-11 2.500 4.116
2011-08-10 2.000 3.234
2010-05-31 1.200 2.184
2009-04-20 1.000 3.256

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of ASM Technologies's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1.1x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess ASM Technologies's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can ASM Technologies afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. ASM Technologies has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

526433 Management

 What is the CEO of ASM Technologies's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Rabindra Srikantan
COMPENSATION ₹10,080,000
AGE 57
CEO Bio

Mr. Rabindra Srikantan serves as the President and Chief Operating officer of Pinnacle Talent Inc., USA. Mr. Srikantan serves as the President of ESR Associates Inc., USA. He serves as the Managing Director of ASM Technologies Ltd. He is a seasoned, team-oriented business entrepreneur with a highly successful track record of building businesses based on sound strategic analysis. He has professional experience in a wide range of software systems in the areas of Engineering, Manufacturing, Enterprise Application and Internet technologies. He is an effective leader who is heading the team of ASM in providing medium and long-term business plans on leading edge technologies. Mr. Srikantan has implemented operational strategies to improve Quality and customer satisfaction ratings and has provided consulting services to more than 50 clients including multinational Companies. His philosophy of driving continuous business reformation by leveraging on state-of-the-art technologies, backed by a strong customer driven service perspective, has enabled ASM to emerge as one of the leading IT consulting and software services Company. He serves as the Director of Advanced SynergicPte Ltd., Singapore the wholly owned subsidiaries of Pinnacle Talent Inc., USA. He serves as a Director of ASM Technologies Ltd. He holds MS degree in Computer Engineering and Computer Science from the University of Louisiana, USA.

CEO Compensation
  • Rabindra's compensation has been consistent with company performance over the past year.
  • Rabindra's remuneration is higher than average for companies of similar size in India.
Management Team

Rabindra Srikantan

TITLE
MD and Executive Director
COMPENSATION
₹10M
AGE
57

Narsingh Rathod

TITLE
Chief Financial Officer
TENURE
3.9 yrs

P. Lakshmi

TITLE
Compliance Officer & Company Secretary

Narayanan Krishnan

TITLE
Assistant Vice President of Business Development
AGE
52

Pramod Rao

TITLE
Executive Officer

Srinivasa Seshadri

TITLE
Executive Officer

Anantharaman Shanker

TITLE
Executive officer

Kumar Vaibhav

TITLE
Executive Officer

- Vani

TITLE
Executive Officer

John Seitz

TITLE
Executive Officer
Board of Directors Tenure

Average tenure and age of the ASM Technologies board of directors in years:

7.3
Average Tenure
62
Average Age
  • The tenure for the ASM Technologies board of directors is about average.
Board of Directors

Mamidipudi Vikram

TITLE
Chairman
COMPENSATION
₹230K
AGE
62
TENURE
9.3 yrs

Rabindra Srikantan

TITLE
MD and Executive Director
COMPENSATION
₹10M
AGE
57
TENURE
26.7 yrs

B. Sonde

TITLE
Independent Director
COMPENSATION
₹260K

Shekar Viswanathan

TITLE
Independent Director
COMPENSATION
₹220K
TENURE
7.3 yrs

Preeti Rabindra

TITLE
Non Independent Non-Executive Director
COMPENSATION
₹210K
TENURE
4.1 yrs

M. Lakshminarayan

TITLE
Non-Executive Non Independent Director
COMPENSATION
₹230K
AGE
67
TENURE
3.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess ASM Technologies's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. ASM Technologies has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

526433 News

Simply Wall St News

526433 Company Info

Description

ASM Technologies Limited provides consulting and product development services in the areas of engineering and product engineering in India, Singapore, the United States, and the United Kingdom. Its services include engineering services, robotics, product life cycle, product R&D, Internet of things, virtual reality/augmented reality, and sustenance life cycle. The company also provides Open edX, an open source platform that offers interactive online courses and massive open online courses of various universities and institutions. In addition, it designs and develops systems/sub systems for deposition, Etch, CMP, and related process tools; inspection/metrology equipment; substrate transfer systems; precision motion control systems; and precision mechanisms, as well as driver assistance systems. ASM Technologies Limited was founded in 1992 and is headquartered in Bengaluru, India.

Details
Name: ASM Technologies Limited
526433
Exchange: BSE
Founded: 1992
₹543,000,000
5,000,000
Website: http://www.asmltd.com
Address: ASM Technologies Limited
80/2 Lusanne Court,
Richmond Road,
Bengaluru,
Karnataka, 560 025,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 526433 Equity Shares Mumbai Stock Exchange IN INR 12. Mar 2002
Number of employees
Current staff
Staff numbers
630
ASM Technologies employees.
Industry
IT Consulting and Other Services
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/19 12:35
End of day share price update: 2019/04/18 00:00
Last earnings filing: 2019/02/06
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.