OB:ASTK

Stock Analysis Report

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Executive Summary

Asetek A/S, together with its subsidiaries, designs, develops, and markets liquid cooling solutions in Asia, Europe, and the Americas. More Details

Rewards

Became profitable this year

Risk Analysis

No risks detected for ASTK from our risk checks.


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

ASTKIndustryMarket
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 Year207.7%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 Year402.4%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

Valuation

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

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

NamePositionTenureCompensationOwnership
Jorgen Smidt
Independent Director8.75yrsUS$40.40k0.065%
$ 1.6m
Maria Hjorth
Independent Director2.17yrsUS$40.40k0.025%
$ 595.5k
Chris Christopher
Independent Vice Chairman1.92yrsUS$40.40k0.30%
$ 7.3m
Erik Damsgaard
Independent Director1.92yrsUS$40.40k0.061%
$ 1.5m
Jukka Pertola
Independent Chairman1.92yrsUS$55.50k0.088%
$ 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ASTKOB (Oslo Bors)YesCommon SharesNONOKMar 2013
0QDTLSE (London Stock Exchange)YesCommon SharesGBNOKMar 2013
ASKT.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDMar 2013
ASTKOBATS-CHIXE (BATS 'Chi-X Europe')YesCommon SharesGBNOKMar 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/07 17:22
End of Day Share Price2021/03/05 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.