6899 Stock Overview
Asti Corporation manufactures and sells electrical equipment for cars in Japan.
Price History & Performance
|Historical stock prices|
|Current Share Price||JP¥1,998.00|
|52 Week High||JP¥3,375.00|
|52 Week Low||JP¥1,526.00|
|1 Month Change||16.77%|
|3 Month Change||9.66%|
|1 Year Change||-19.44%|
|3 Year Change||17.25%|
|5 Year Change||-34.92%|
|Change since IPO||-31.94%|
Recent News & Updates
|6899||JP Auto Components||JP Market|
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.
|6899 Average Weekly Movement||5.4%|
|Auto Components Industry Average Movement||4.8%|
|Market Average Movement||4.5%|
|10% most volatile stocks in JP Market||8.9%|
|10% least volatile stocks in JP Market||2.5%|
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
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
|6899 fundamental statistics|
Is 6899 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|6899 income statement (TTM)|
|Cost of Revenue||JP¥51.33b|
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
|Earnings per share (EPS)||348.98|
|Net Profit Margin||1.95%|
How did 6899 perform over the long term?See historical performance and comparison
2.0%Current Dividend Yield
Is Asti undervalued compared to its fair value and its price relative to the market?
Valuation Score 2/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PB vs Industry
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.
How is Asti forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
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.
How has Asti performed over the past 5 years?
Past Performance Score2/6
Past Performance Score 2/6
Growing Profit Margin
Earnings vs Industry
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.
How is Asti's financial position?
Financial Health Score3/6
Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
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).
What is Asti current dividend yield, its reliability and sustainability?
Dividend Score 2/6
Future Dividend Coverage
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.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Atsuhiko Hatano (59 yo)
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...
Experienced Board: 6899's board of directors are considered experienced (3.4 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Asti Corporation's employee growth, exchange listings and data sources
- 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
- Asti Corporation
- 2804 Yonezu-cho
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/05/16 00:00|
|End of Day Share Price||2022/05/16 00:00|
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.