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6899

Asti TSE:6899 Stock Report

Last Price

JP¥2.00k

Market Cap

JP¥6.2b

7D

12.9%

1Y

-19.4%

Updated

16 May, 2022

Data

Company Financials
6899 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance2/6
Financial Health3/6
Dividends2/6

6899 Stock Overview

Asti Corporation manufactures and sells electrical equipment for cars in Japan.

Asti Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Asti
Historical stock prices
Current Share PriceJP¥1,998.00
52 Week HighJP¥3,375.00
52 Week LowJP¥1,526.00
Beta1.95
1 Month Change16.77%
3 Month Change9.66%
1 Year Change-19.44%
3 Year Change17.25%
5 Year Change-34.92%
Change since IPO-31.94%

Recent News & Updates

Shareholder Returns

6899JP Auto ComponentsJP Market
7D12.9%-1.5%-2.7%
1Y-19.4%-6.0%-2.5%

Return vs Industry: 6899 underperformed the JP Auto Components industry which returned -6% over the past year.

Return vs Market: 6899 underperformed the JP Market which returned -2.5% over the past year.

Price Volatility

Is 6899's price volatile compared to industry and market?
6899 volatility
6899 Average Weekly Movement5.4%
Auto Components Industry Average Movement4.8%
Market Average Movement4.5%
10% most volatile stocks in JP Market8.9%
10% least volatile stocks in JP Market2.5%

Stable Share Price: 6899 is not significantly more volatile than the rest of JP stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 6899's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19635,162Atsuhiko Hatanohttps://www.asti.co.jp

Asti Corporation manufactures and sells electrical equipment for cars in Japan. The company offers electrical equipment for cars, including various types of ECUs, air conditioner panels, corner sensor units, switch sensors for cars, and wire harnesses for cars and ships. It also provides home electronics, such as electric control boards for washing machines, dish washers, and dryers; telecommunications equipment comprising circuit boards for security cameras and compact projector, and communication units; and control equipment consisting of controllers for industrial robots and surface mounters.

Asti Fundamentals Summary

How do Asti's earnings and revenue compare to its market cap?
6899 fundamental statistics
Market CapJP¥6.25b
Earnings (TTM)JP¥1.09b
Revenue (TTM)JP¥55.82b

5.7x

P/E Ratio

0.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
6899 income statement (TTM)
RevenueJP¥55.82b
Cost of RevenueJP¥51.33b
Gross ProfitJP¥4.49b
Other ExpensesJP¥3.40b
EarningsJP¥1.09b

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)348.98
Gross Margin8.04%
Net Profit Margin1.95%
Debt/Equity Ratio87.4%

How did 6899 perform over the long term?

See historical performance and comparison

Dividends

2.0%

Current Dividend Yield

20%

Payout Ratio

Valuation

Is Asti undervalued compared to its fair value and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


5.73x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: 6899 (¥1998) is trading above our estimate of fair value (¥495.48)

Significantly Below Fair Value: 6899 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 6899 is good value based on its PE Ratio (5.7x) compared to the JP Auto Components industry average (7.9x).

PE vs Market: 6899 is good value based on its PE Ratio (5.7x) compared to the JP market (12.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 6899's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 6899's PB Ratio (0.3x) is in line with the JP Auto Components industry average.


Future Growth

How is Asti forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


16.3%

Forecasted Automobiles industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Asti has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Asti performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-9.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 6899 has high quality earnings.

Growing Profit Margin: 6899 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 6899's earnings have declined by 9.6% per year over the past 5 years.

Accelerating Growth: 6899 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 6899 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Auto Components industry (60.7%).


Return on Equity

High ROE: 6899's Return on Equity (6.1%) is considered low.


Financial Health

How is Asti's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 6899's short term assets (¥28.3B) exceed its short term liabilities (¥16.3B).

Long Term Liabilities: 6899's short term assets (¥28.3B) exceed its long term liabilities (¥7.5B).


Debt to Equity History and Analysis

Debt Level: 6899's net debt to equity ratio (75.8%) is considered high.

Reducing Debt: 6899's debt to equity ratio has increased from 61.5% to 87.4% over the past 5 years.

Debt Coverage: 6899's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 6899's interest payments on its debt are well covered by EBIT (16.3x coverage).


Balance Sheet


Dividend

What is Asti current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


2.00%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 6899's dividend (2%) is higher than the bottom 25% of dividend payers in the JP market (1.61%).

High Dividend: 6899's dividend (2%) is low compared to the top 25% of dividend payers in the JP market (3.61%).


Stability and Growth of Payments

Stable Dividend: 6899's dividend payments have been volatile in the past 10 years.

Growing Dividend: 6899's dividend payments have fallen over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (20.1%), 6899's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: 6899 is paying a dividend but the company has no free cash flows.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.4yrs

Average board tenure


CEO

Atsuhiko Hatano (59 yo)

1.58yrs

Tenure

Atsuhiko Hatano serves as President and Representative Director at Asti Corporation since October 2020 and serves as its GM of Management Headquarters and New Business Department since October 2018. Atsuhi...


Board Members

Experienced Board: 6899's board of directors are considered experienced (3.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Asti Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: Asti Corporation
  • Ticker: 6899
  • Exchange: TSE
  • Founded: 1963
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Implied Market Cap: JP¥6.246b
  • Shares outstanding: 3.13m
  • Website: https://www.asti.co.jp

Number of Employees


Location

  • Asti Corporation
  • 2804 Yonezu-cho
  • Minami-ku
  • Hamamatsu
  • Shizuoka
  • 432-8056
  • Japan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/16 00:00
End of Day Share Price2022/05/16 00:00
Earnings2021/12/31
Annual Earnings2021/03/31


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.