Asetek
Asetek A/S, together with its subsidiaries, designs, develops, and markets liquid cooling solutions in Asia, Europe, and the Americas. The last earnings update was 117 days ago. More info.
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ASETEK Share Price and Events
7 Day Returns
1 Year Returns
ASETEK Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Asetek (ASETEK) | 1.2% | 9% | 9.5% | -46.9% | 146% | 5% |
| Europe Tech | 4.4% | 5.6% | 6.5% | -11.1% | 55.3% | 14.1% |
| NO Market | 3.8% | 1.9% | 0.4% | 4.9% | 47.1% | 27.9% |
1 Year Return vs Industry and Market
- ASETEK underperformed the Tech industry which returned -11.1% over the past year.
- ASETEK underperformed the Market in Norway which returned 4.9% over the past year.
Price Volatility
Related Companies
Sorry, no analysis for Asetek's competitors could be found in our database.
Value
Is Asetek 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
Asetek
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Asetek.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 2 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 9.5% |
| Perpetual Growth Rate | 10-Year NO Government Bond Rate | 1.8% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year NO Govt Bond Rate | 1.8% |
| Equity Risk Premium | S&P Global | 8.2% |
| Tech Unlevered Beta | Simply Wall St/ S&P Global | 0.93 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.93 (1 + (1- 22%) (1.3%)) |
0.939 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.94 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.76% + (0.939 * 8.24%) |
9.5% |
Discounted Cash Flow Calculation for OB:ASETEK using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Asetek is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.
| 2019 | 2020 | 2021 | 2022 | 2023 | |
| Levered FCF (USD, Millions) | 6.80 | 10.10 | 11.92 | 13.94 | 16.18 |
| Source | Analyst x1 | Analyst x1 | Est @ 18%, capped from 27.96% | Est @ 17%, capped from 27.96% | Est @ 16%, capped from 27.96% |
|
Present Value Discounted (@ 9.5%) |
6.21 | 8.42 | 9.08 | 9.70 | 10.28 |
| Present value of next 5 years cash flows | $43.69 |
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2023
× (1 + g) ÷ (Discount Rate – g)
= $16.18 × (1 + 1.76%) ÷ (9.5% – 1.76%) |
$212.75 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)5
= $212.75 ÷ (1 + 9.5%)5 |
$135.17 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 5 years cash flows +
Terminal Value
= $43.69 + $135.17 |
$178.86 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $178.86 / 25.54 |
$7 |
| Calculation | Result | |
|---|---|---|
| Exchange Rate | USD/NOK
(Reporting currency to currency of OB:ASETEK) |
8.61 |
| Value per Share (NOK) |
= Value per Share in USD x Exchange Rate (USD/NOK)
= $7 x 8.61 |
NOK60.3 |
| Value per share (NOK) | From above. | NOK60.30 |
| Current discount | Discount to share price of
NOK46.00
= -1 x (NOK46.00 - NOK60.30) / NOK60.30 |
23.7% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Asetek's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Asetek's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 Asetek's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Asetek's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-09-30) in USD | $0.25 |
| OB:ASETEK Share Price ** | OB (2019-02-18) in NOK | NOK46 |
| OB:ASETEK Share Price converted to USD reporting currency | Exchange rate (NOK/ USD) 0.116 | $5.34 |
| Europe Tech Industry PE Ratio | Median Figure of 24 Publicly-Listed Tech Companies | 15.24x |
| Norway Market PE Ratio | Median Figure of 127 Publicly-Listed Companies | 13.41x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Asetek.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = OB:ASETEK Share Price ÷ EPS (both in USD) = 5.34 ÷ 0.25 |
21.25x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Asetek is overvalued based on earnings compared to the Europe Tech industry average.
- Asetek is overvalued based on earnings compared to the Norway market.
Price based on expected Growth
Does
Asetek's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 21.25x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts |
24.3%per year |
| Europe Tech Industry PEG Ratio | Median Figure of 12 Publicly-Listed Tech Companies | 0.93x |
| Norway Market PEG Ratio | Median Figure of 99 Publicly-Listed Companies | 0.96x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 21.25x ÷ 24.3% |
0.88x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Asetek is good value based on expected growth next year.
Price based on value of assets
What value do investors place on
Asetek's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-09-30) in USD | $1.47 |
| OB:ASETEK Share Price * | OB (2019-02-18) in NOK | NOK46 |
| OB:ASETEK Share Price converted to USD reporting currency | Exchange rate (NOK/ USD) 0.116 | $5.34 |
| Europe Tech Industry PB Ratio | Median Figure of 31 Publicly-Listed Tech Companies | 1.29x |
| Norway Market PB Ratio | Median Figure of 216 Publicly-Listed Companies | 1.18x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = OB:ASETEK Share Price ÷ Book Value per Share (both in USD) = 5.34 ÷ 1.47 |
3.63x |
* Primary Listing of Asetek.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Asetek is overvalued based on assets compared to the Europe Tech industry average.
Value checks
We assess Asetek's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Tech industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Tech industry average (and greater than 0)? (1 check) Asetek has a total score of 2/6, 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.
Future Performance
How is Asetek expected to perform in the next 1 to 3 years based on estimates from 2 analysts?
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!
Earnings growth vs Low Risk Savings
- Asetek's earnings growth is expected to exceed the low risk savings rate of 1.8%.
Growth vs Market Checks
- Asetek's earnings growth is expected to exceed the Norway market average.
- Asetek's revenue growth is expected to exceed the Norway market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| OB:ASETEK Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts | 24.3% |
| OB:ASETEK Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts | 13.8% |
| Europe Tech Industry Earnings Growth Rate | Market Cap Weighted Average | 11.5% |
| Europe Tech Industry Revenue Growth Rate | Market Cap Weighted Average | 8.7% |
| Norway Market Earnings Growth Rate | Market Cap Weighted Average | 13% |
| Norway Market Revenue Growth Rate | Market Cap Weighted Average | 4.4% |
*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
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (4 months ago) | See Below |
| Future Estimates | Average of up to 2 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 91 | 16 | 9 | 2 |
| 2019-12-31 | 78 | 12 | 6 | 2 |
| 2018-12-31 | 68 | 8 | 4 | 1 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-09-30 | 69 | 4 | 6 |
| 2018-06-30 | 69 | 4 | 6 |
| 2018-03-31 | 61 | 7 | 3 |
| 2017-12-31 | 58 | 6 | 4 |
| 2017-09-30 | 58 | 5 | 8 |
| 2017-06-30 | 55 | 6 | 9 |
| 2017-03-31 | 52 | 5 | 9 |
| 2016-12-31 | 51 | 8 | 10 |
| 2016-09-30 | 45 | 9 | 3 |
| 2016-06-30 | 41 | 6 | 1 |
| 2016-03-31 | 41 | 3 | 1 |
| 2015-12-31 | 36 | -1 | -2 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (4 months ago) | See Below |
| Future Estimates | Average of up to 2 Analyst Estimates (S&P Global) | See Below |
All data from Asetek Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 0.35 | 0.39 | 0.31 | 2.00 |
| 2019-12-31 | 0.23 | 0.26 | 0.19 | 2.00 |
| 2018-12-31 | 0.17 | 0.17 | 0.17 | 1.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-09-30 | 0.25 |
| 2018-06-30 | 0.24 |
| 2018-03-31 | 0.13 |
| 2017-12-31 | 0.18 |
| 2017-09-30 | 0.34 |
| 2017-06-30 | 0.37 |
| 2017-03-31 | 0.38 |
| 2016-12-31 | 0.39 |
| 2016-09-30 | 0.12 |
| 2016-06-30 | 0.03 |
| 2016-03-31 | 0.06 |
| 2015-12-31 | -0.07 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Asetek's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Asetek has a total score of 4/6, 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.
Past Performance
How has Asetek 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
Past Earnings growth analysis
- Asetek has delivered over 20% year on year earnings growth in the past 5 years.
- Asetek's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- Asetek's 1-year earnings growth is negative, it can't be compared to the Europe Tech industry average.
Earnings and Revenue History
All data from Asetek Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-09-30 | 68.73 | 6.38 | 16.16 | 5.02 |
| 2018-06-30 | 68.98 | 6.13 | 16.18 | 4.89 |
| 2018-03-31 | 60.59 | 3.36 | 15.87 | 4.46 |
| 2017-12-31 | 58.19 | 4.48 | 14.91 | 4.22 |
| 2017-09-30 | 58.18 | 8.48 | 14.09 | 4.03 |
| 2017-06-30 | 54.78 | 9.16 | 12.95 | 3.76 |
| 2017-03-31 | 51.99 | 9.40 | 12.17 | 3.60 |
| 2016-12-31 | 50.92 | 9.64 | 11.65 | 3.43 |
| 2016-09-30 | 45.49 | 3.01 | 11.60 | 3.36 |
| 2016-06-30 | 41.19 | 0.57 | 11.80 | 3.41 |
| 2016-03-31 | 40.85 | 1.30 | 12.21 | 3.63 |
| 2015-12-31 | 35.98 | -1.65 | 12.64 | 3.94 |
| 2015-09-30 | 28.07 | -4.98 | 13.85 | 3.85 |
| 2015-06-30 | 23.59 | -6.75 | 14.09 | 3.96 |
| 2015-03-31 | 20.99 | -9.55 | 14.61 | 3.79 |
| 2014-12-31 | 20.85 | -8.76 | 14.66 | 3.56 |
| 2014-09-30 | 22.40 | -8.30 | 15.06 | 4.02 |
| 2014-06-30 | 21.27 | -7.94 | 13.16 | 3.94 |
| 2014-03-31 | 21.20 | -7.87 | 12.09 | 4.28 |
| 2013-12-31 | 20.73 | -6.28 | 11.24 | 4.49 |
| 2013-09-30 | 18.83 | -8.83 | 9.23 | 4.26 |
| 2013-06-30 | 19.32 | -8.95 | 9.92 | 4.20 |
| 2013-03-31 | 18.73 | -7.98 | 8.92 | 3.98 |
| 2012-12-31 | 18.68 | -8.56 | 7.88 | 3.72 |
*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.
- Asetek has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Asetek used its assets more efficiently than the Europe Tech industry average last year based on Return on Assets.
- Asetek has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
Past performance checks
We assess Asetek's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Tech industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Asetek has a total score of 3/6, 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.
Health
How is Asetek'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 Asetek's finances.
The net worth of a company is the difference between its assets and liabilities.
- Asetek is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Asetek's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Debt is covered by short term assets, assets are 20.4x 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.
All data from Asetek Company Filings, last reported 4 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-09-30 | 37.57 | 1.73 | 18.80 |
| 2018-06-30 | 35.76 | 1.66 | 16.89 |
| 2018-03-31 | 34.17 | 1.83 | 17.73 |
| 2017-12-31 | 33.39 | 1.87 | 18.40 |
| 2017-09-30 | 29.14 | 1.54 | 17.74 |
| 2017-06-30 | 26.64 | 1.09 | 16.25 |
| 2017-03-31 | 28.78 | 0.75 | 16.18 |
| 2016-12-31 | 28.29 | 0.79 | 17.61 |
| 2016-09-30 | 21.09 | 0.66 | 18.29 |
| 2016-06-30 | 18.90 | 0.61 | 15.58 |
| 2016-03-31 | 19.31 | 0.65 | 14.73 |
| 2015-12-31 | 18.65 | 0.63 | 13.06 |
| 2015-09-30 | 16.22 | 0.66 | 12.22 |
| 2015-06-30 | 16.02 | 0.39 | 11.66 |
| 2015-03-31 | 17.25 | 0.58 | 14.73 |
| 2014-12-31 | 7.42 | 0.61 | 4.17 |
| 2014-09-30 | 9.49 | 0.78 | 6.25 |
| 2014-06-30 | 11.22 | 0.74 | 8.04 |
| 2014-03-31 | 13.34 | 0.90 | 9.37 |
| 2013-12-31 | 14.81 | 0.66 | 11.66 |
| 2013-09-30 | 15.98 | 0.41 | 13.28 |
| 2013-06-30 | 17.64 | 0.26 | 15.07 |
| 2013-03-31 | 19.93 | 0.53 | 19.93 |
| 2012-12-31 | -40.64 | 37.28 | 1.25 |
- Asetek's level of debt (4.6%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has increased over the past 5 years (2.6% vs 4.6% today).
- Debt is well covered by operating cash flow (258.9%, greater than 20% of total debt).
- Asetek earns more interest than it pays, coverage of interest payments is not a concern.
Financial health checks
We assess Asetek's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Asetek has a total score of 5/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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.
Dividends
What is Asetek'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
If you bought
NOK2,000 of
Asetek
shares you are expected to receive
NOK0
in your first year as a dividend.
Dividend Amount
- Unable to evaluate Asetek's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
- Unable to evaluate Asetek's dividend against the top 25% market benchmark as the company has not reported any payouts.
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.
| 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 2 Analyst Estimates (S&P Global) | See Below |
| Europe Tech Industry Average Dividend Yield | Market Cap Weighted Average of 11 Stocks | 2.1% |
| Norway Market Average Dividend Yield | Market Cap Weighted Average of 109 Stocks | 4.3% |
| Norway Minimum Threshold Dividend Yield | 10th Percentile | 1.9% |
| Norway Bottom 25% Dividend Yield | 25th Percentile | 2.5% |
| Norway Top 25% Dividend Yield | 75th Percentile | 5.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2020-12-31 | 0.00 | 2.00 |
| 2019-12-31 | 0.00 | 2.00 |
| 2018-12-31 | 0.00 | 2.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2018-10-24 | 0.000 | 0.000 |
| 2018-08-15 | 0.000 | 0.000 |
| 2018-04-25 | 0.000 | 0.000 |
| 2018-02-28 | 0.000 | 0.000 |
| 2017-04-26 | 0.115 | 0.987 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to perform a dividend volatility check as Asetek has not reported any payouts.
- Unable to verify if Asetek's dividend has been increasing as the company has not reported any payouts.
Income/ dividend checks
We assess Asetek's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.9%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Asetek afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Asetek has a total score of 0/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
CEO Bio
Mr. André Sloth Eriksen founded Asetek A/S in 1997 and serves as its Managing Director, Chief Executive Officer and Chief Technology Officer. Mr. Eriksen is a Long-Term Entrepreneur of 9 years. Prior to founding Asetek, he served at Danfoss in their management trainee program. He has different skills needed from the top management. Mr. Eriksen has proven his capabilities in this constant change and from being an expert in cooling he has grown to be a team leader in Asetek. His key skills include strong marketing, strategic business planning, fund raising, strategic R&D, determination, execution, deal closing and overall team motivation and management. He served as a Director of Asetek A/S from February 15, 2000 to March 2013. Mr. Eriksen has a practical education as a tool maker and holds an engineering degree from Aalborg University. He also hold various executive management programs and an entrepreneurship program from MIT.
CEO Compensation
- Insufficient data for André to compare compensation growth.
- Insufficient data for André to establish whether their remuneration is reasonable compared to companies of similar size in Norway.
Management Team Tenure
Average tenure of the Asetek management team in years:
- The average tenure for the Asetek management team is less than 2 years, this suggests a new team.
Management Team
André Eriksen
Founder & CEO
Peter Madsen
Chief Financial Officer
John Hamill
Chief Operating Officer
1.7 yrs
Dipak Rao
Vice President of Global Sales & Marketing
1.7 yrs
Csaba Vesei
Vice President of Global Operations
Thomas Ditlev
Vice President of Global Research & Development
1.1 yrs
Board of Directors Tenure
Average tenure of the Asetek board of directors in years:
- The average tenure for the Asetek board of directors is less than 3 years, this suggests a new board.
Board of Directors
Chris Christopher
Chairman
0.3 yrs
Jørgen Smidt
Director
3.8 yrs
Jim McDonnell
Director
63
Maria Hjorth
Director
0.1 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (NOK) | Value (NOK) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 22. Mar 18 | Sell | Sunstone Capital A/S | Company | 21. Mar 18 | 21. Mar 18 | -1,600,000 | NOK95.00 | NOK-152,000,002 | ||
Management checks
We assess Asetek's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Asetek 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.
News
Simply Wall St News
Is Asetek A/S (OB:ASETEK) A High Quality Stock To Own?
This article is for those who would like to learn about Return On Equity (ROE). … One way to conceptualize this, is that for each NOK1 of shareholders' equity it has, the company made NOK0.17 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleWhat You Must Know About Asetek A/S's (OB:ASETEK) Major Investors
In this article, I'm going to take a look at Asetek A/S’s (OB:ASETEK) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … The effect of an active institutional investor with a similar ownership as a passive pension-fund can be vastly different on a company's corporate governance and accountability to shareholders. … Therefore, it is beneficial for us to examine ASETEK's ownership structure in more detail.
Simply Wall St - – Full articleWhat Should You Know About Asetek A/S's (OB:ASETEK) Future Margins?
earnings growth of 36.98% annualised … over the couple of years ahead, … it's necessary to take a moment
Simply Wall St - – Full articleIs Asetek A/S (OB:ASETEK) A Sell At Its Current PE Ratio?
and want to better understand how you can grow your money by investing in Asetek A/S (OB:ASETEK). … Asetek A/S (OB:ASETEK) is currently trading at a trailing P/E of 62.1x, which is higher than the industry average of 16.6x. … While ASETEK might seem like a stock to avoid or sell if you own it, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions.
Simply Wall St - – Full articleWant To Invest In Asetek A/S (OB:ASETEK)? Here's How It Performed Lately
In this commentary, I will examine Asetek A/S's (OB:ASETEK) latest earnings update (31 March 2018) and compare these figures against its performance over the past couple of years, as well as how the rest of the tech industry performed. … Since these values are fairly short-term thinking, I’ve created an annualized five-year figure for ASETEK's net income, which stands at -US$2.12M This means that although earnings growth was negative against the previous year, over the past couple of years, Asetek's profits have been increasing on average. … Looking at growth from a sector-level, the NO tech industry has been growing its average earnings by double-digit 14.27% over the previous year, and a more subdued 9.99% over the past half a decade.
Simply Wall St - – Full articleAsetek A/S (OB:ASETEK): Can It Deliver A Superior ROE To The Industry?
Return on Equity = Net Profit ÷ Shareholders Equity ROE is measured against cost of equity in order to determine the efficiency of Asetek’s equity capital deployed. … ROE can be dissected into three distinct ratios: net profit margin, asset turnover, and financial leverage. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity OB:ASETEK Last Perf May 16th 18 Basically, profit margin measures how much of revenue trickles down into earnings which illustrates how efficient the business is with its cost management.
Simply Wall St - – Full articleWhat Do Analysts Think About Asetek A/S's (OB:ASETEK) Long Term Outlook?
Below is my commentary, albeit very simple and high-level, on how market analysts predict Asetek's earnings growth trajectory over the next few years and whether the future looks brighter. … OB:ASETEK Future Profit Apr 24th 18 Even though it is useful to understand the rate of growth year by year relative to today’s value, it may be more insightful to gauge the rate at which the earnings are moving on average every year. … The slope of this line is the rate of earnings growth, which in this case is 35.46%.
Simply Wall St - – Full articleBrokers' Outlook On Asetek A/S (OB:ASETEK)
Asetek A/S (OB:ASETEK) continues to post impressive revenue growth and its prospects have never been brighter. … I will conduct a high level fundamental analysis on the company by looking at its past financials and growth prospects moving forward. … With 25.24 million shares, that's a ØRE2.37B market cap - which is too high, even for a company that has a 5-year cumulative average growth rate (CAGR) of 28.41% (source: analyst consensus).
Simply Wall St - – Full articleHow Do Analysts See Asetek A/S's (OB:ASETEK) Margin Performing In The Future?
See our latest analysis for Asetek Understanding ASETEK's earnings with profit margin Attractive margins generally indicate a desirable ability to translate sales revenue in to earnings, and return for shareholders. … Margin Calculation for ASETEK Profit Margin = Net Income ÷ Revenue ∴ Profit Margin = 4.48 Million ÷ 58.19 Million = 7.69% The past five years have seen Asetek's margin expand, with 49.43% in average net income growth exceeding a 25.64% average growth in revenue, which suggests that the company has been able to convert a larger percentage of revenue into net income whilst grow their top line at the same time. … Using Asetek's margin expectations as a way to understand projections for the future Based on future expectations, ASETEK's profit margin will further the previous expansion, with 18.34% in expected annual revenue growth and 32.88% earnings growth expected annually.
Simply Wall St - – Full articleCompany Info
Map
Description
Asetek A/S, together with its subsidiaries, designs, develops, and markets liquid cooling solutions in Asia, Europe, and the Americas. The company operates in two segments, Desktop and Data Center. The company’s products are used in personal computers, servers, and data centers to provide enhanced performance, acoustics, and energy efficiency. It serves original equipment manufacturers, resellers, and channel partners. The company was founded in 1997 and is headquartered in Aalborg, Denmark.
Details
| Name: | Asetek A/S |
| ASETEK | |
| Exchange: | OB |
| Founded: | 1997 |
| NOK1,149,127,200 | |
| 25,536,160 | |
| Website: | http://www.asetek.com |
| Address: |
Asetek A/S Assensvej 2, Aalborg East, Aalborg, North Denmark Region, 9220, Denmark |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| OB | ASETEK | Common Shares | Oslo Bors | NO | NOK | 20. Mar 2013 | |
| OTCPK | ASKT.F | Common Shares | Pink Sheets LLC | US | USD | 20. Mar 2013 | |
| LSE | 0QDT | Common Shares | London Stock Exchange | GB | NOK | 20. Mar 2013 | |
| BATS-CHIXE | ASETEO | Common Shares | BATS 'Chi-X Europe' | GB | NOK | 20. Mar 2013 |
Number of employees
Current staff
Industry
| Technology Hardware, Storage and Peripherals | |
| Tech |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/02/18 22:56 |
| End of day share price update: | 2019/02/18 00:00 |
| Last estimates confirmation: | 2019/01/11 |
| Last earnings filing: | 2018/10/24 |
| Last earnings reported: | 2018/09/30 |
| Last annual earnings reported: | 2017/12/31 |
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.
