Executive Summary
Asetek A/S, together with its subsidiaries, designs, develops, and markets liquid cooling solutions in Asia, Europe, and the Americas. More Details
Snowflake Analysis
Flawless balance sheet with acceptable track record.
Share Price & News
How has Asetek's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ASTK is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: ASTK's weekly volatility (7%) has been stable over the past year.
Market Performance
7 Day Return
-9.0%
ASTK
-9.0%
NO Tech
1.1%
NO Market
1 Year Return
207.7%
ASTK
106.4%
NO Tech
39.7%
NO Market
Return vs Industry: ASTK exceeded the Norwegian Tech industry which returned 95.5% over the past year.
Return vs Market: ASTK exceeded the Norwegian Market which returned 26.2% over the past year.
Shareholder returns
| ASTK | Industry | Market | |
|---|---|---|---|
| 7 Day | -9.0% | -9.0% | 1.1% |
| 30 Day | -16.8% | -9.1% | 2.9% |
| 90 Day | -3.7% | 11.0% | 13.0% |
| 1 Year | 207.7%207.7% | 108.9%106.4% | 45.1%39.7% |
| 3 Year | -0.4%-0.4% | 82.3%75.2% | 19.5%5.7% |
| 5 Year | 402.4%395.8% | 218.3%193.5% | 78.0%43.7% |
Long-Term Price Volatility Vs. Market
How volatile is Asetek's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall St
Asetek A/S (OB:ASTK) Is Going Strong But Fundamentals Appear To Be Mixed : Is There A Clear Direction For The Stock?1 month ago | Simply Wall St
Do Institutions Own Asetek A/S (OB:ASTK) Shares?2 months ago | Simply Wall St
Introducing Asetek (OB:ASTK), The Stock That Soared 475% In The Last Five YearsValuation
Is Asetek undervalued compared to its fair value and its price relative to the market?
30.32x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: ASTK (NOK93.7) is trading above our estimate of fair value (NOK67.89)
Significantly Below Fair Value: ASTK is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: ASTK is poor value based on its PE Ratio (30.3x) compared to the XE Tech industry average (28.2x).
PE vs Market: ASTK is poor value based on its PE Ratio (30.3x) compared to the Norwegian market (14.7x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate ASTK's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: ASTK is overvalued based on its PB Ratio (5.8x) compared to the XE Tech industry average (1.8x).
Next Steps
Future Growth
How is Asetek forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
5.2%
Forecasted Tech 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 Asetek 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.
Next Steps
- Examine Asetek's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Asetek competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Tech industry.
Past Performance
How has Asetek performed over the past 5 years?
-7.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ASTK has high quality earnings.
Growing Profit Margin: ASTK became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: ASTK has become profitable over the past 5 years, growing earnings by -7.3% per year.
Accelerating Growth: ASTK has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: ASTK has become profitable in the last year, making it difficult to compare its past year earnings growth to the Tech industry (-10.3%).
Return on Equity
High ROE: ASTK's Return on Equity (19.3%) is considered low.
Next Steps
Financial Health
How is Asetek's financial position?
Financial Position Analysis
Short Term Liabilities: ASTK's short term assets ($54.1M) exceed its short term liabilities ($21.3M).
Long Term Liabilities: ASTK's short term assets ($54.1M) exceed its long term liabilities ($2.6M).
Debt to Equity History and Analysis
Debt Level: ASTK's debt to equity ratio (1.1%) is considered satisfactory.
Reducing Debt: ASTK's debt to equity ratio has reduced from 1.5% to 1.1% over the past 5 years.
Debt Coverage: ASTK's debt is well covered by operating cash flow (2132.5%).
Interest Coverage: ASTK's interest payments on its debt are well covered by EBIT (173.5x coverage).
Balance Sheet
Next Steps
Dividend
What is Asetek current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate ASTK's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate ASTK's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if ASTK's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if ASTK's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: ASTK is not paying a notable dividend for the Norwegian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of ASTK's dividend in 3 years as they are not forecast to pay a notable one for the Norwegian market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.9yrs
Average board tenure
CEO
André Eriksen (47 yo)
no data
Tenure
Mr. André Sloth Eriksen founded Asetek A/S in 1997 and serves as its Chief Executive Officer. He served as Managing Director and Chief Technology Officer of Asetek A/S. Mr. Eriksen is a Long-Term Entrepren...
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Director | 8.75yrs | US$40.40k | 0.065% $ 1.6m | |
| Independent Director | 2.17yrs | US$40.40k | 0.025% $ 595.5k | |
| Independent Vice Chairman | 1.92yrs | US$40.40k | 0.30% $ 7.3m | |
| Independent Director | 1.92yrs | US$40.40k | 0.061% $ 1.5m | |
| Independent Chairman | 1.92yrs | US$55.50k | 0.088% $ 2.1m |
1.9yrs
Average Tenure
60yo
Average Age
Experienced Board: ASTK's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.
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.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Asetek A/S's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Asetek A/S
- Ticker: ASTK
- Exchange: OB
- Founded: 1997
- Industry: Technology Hardware, Storage and Peripherals
- Sector: Tech
- Market Cap: kr2.401b
- Shares outstanding: 25.63m
- Website: https://www.asetek.com
Number of Employees
Location
- Asetek A/S
- Assensvej 2
- Aalborg East
- Aalborg
- North Denmark Region
- 9220
- Denmark
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ASTK | OB (Oslo Bors) | Yes | Common Shares | NO | NOK | Mar 2013 |
| 0QDT | LSE (London Stock Exchange) | Yes | Common Shares | GB | NOK | Mar 2013 |
| ASKT.F | OTCPK (Pink Sheets LLC) | Yes | Common Shares | US | USD | Mar 2013 |
| ASTKO | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Common Shares | GB | NOK | Mar 2013 |
Biography
Asetek A/S, together with its subsidiaries, designs, develops, and markets liquid cooling solutions in Asia, Europe, and the Americas. The company operates through: Gaming and Enthusiast, and Data Center s...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/07 17:22 |
| End of Day Share Price | 2021/03/05 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.