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ASTK

AsetekOB:ASTK Stock Report

Market Cap

kr824.4m

7D

-43.1%

1Y

-61.2%

Updated

27 Sep, 2021

Data

Company Financials
ASTK fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance3/6
Financial Health5/6
Dividends0/6

ASTK Overview

Asetek A/S, together with its subsidiaries, engages in the designing, developing, and marketing of liquid cooling solutions in Asia, Europe, and the Americas.

Price History & Performance

Summary of all time highs, changes and price drops for Asetek
Historical stock prices
Current Share Pricekr32.35
52 Week Highkr30.90
52 Week Lowkr124.80
Beta1.04
1 Month Change-53.79%
3 Month Change-67.16%
1 Year Change-61.21%
3 Year Change-50.69%
5 Year Change-19.73%
Change since IPO-7.04%

Recent News & Updates

Aug 23
The Trend Of High Returns At Asetek (OB:ASTK) Has Us Very Interested

The Trend Of High Returns At Asetek (OB:ASTK) Has Us Very Interested

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...

Shareholder Returns

ASTKNO TechNO Market
7D-43.1%1.1%4.0%
1Y-61.2%34.1%25.1%

Return vs Industry: ASTK underperformed the Norwegian Tech industry which returned 37.4% over the past year.

Return vs Market: ASTK underperformed the Norwegian Market which returned 26.4% over the past year.

Price Volatility

Is ASTK's price volatile compared to industry and market?
ASTK volatility
ASTK Beta1.04
Industry Beta0.72
Market Beta1

Stable Share Price: ASTK is more volatile than 90% of Norwegian stocks over the past 3 months, typically moving +/- 15% a week.

Volatility Over Time: ASTK's weekly volatility (15%) has been stable over the past year, but is still higher than 75% of Norwegian stocks.

About the Company

FoundedEmployeesCEOWebsite
1997157Andre Eriksenhttps://asetek.com

Asetek A/S, together with its subsidiaries, engages in the designing, developing, and marketing of liquid cooling solutions in Asia, Europe, and the Americas. The company operates in two segments, Gaming and Enthusiast; and Data Center. Its products are used in personal computers, servers, and data centers to provide enhanced performance, acoustics, and energy efficiency.

Asetek Fundamentals Summary

How do Asetek's earnings and revenue compare to its market cap?
ASTK fundamental statistics
Market CapUS$95.85m
Earnings (TTM)US$13.06m
Revenue (TTM)US$97.68m

7.3x

P/E Ratio

1.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ASTK income statement (TTM)
RevenueUS$97.68m
Cost of RevenueUS$54.69m
Gross ProfitUS$42.99m
ExpensesUS$29.93m
EarningsUS$13.06m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Oct 28, 2021

Earnings per share (EPS)0.51
Gross Margin44.01%
Net Profit Margin13.37%
Debt/Equity Ratio2.6%

How did ASTK perform over the long term?

See historical performance and comparison

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ASTK (NOK32.35) is trading below our estimate of fair value (NOK114.17)

Significantly Below Fair Value: ASTK is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: ASTK is good value based on its PE Ratio (7.3x) compared to the European Tech industry average (25.9x).

PE vs Market: ASTK is good value based on its PE Ratio (7.3x) compared to the Norwegian market (13.4x).


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's PB Ratio (1.8x) is in line with the XE Tech industry average.


Future Growth

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

14.8%

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.


Past Performance

How has Asetek performed over the past 5 years?

1.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ASTK has a high level of non-cash earnings.

Growing Profit Margin: ASTK became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: ASTK's earnings have grown by 1.9% per year over the past 5 years.

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 (42.2%).


Return on Equity

High ROE: ASTK's Return on Equity (24.6%) is considered high.


Financial Health

How is Asetek's financial position?


Financial Position Analysis

Short Term Liabilities: ASTK's short term assets ($45.8M) exceed its short term liabilities ($17.6M).

Long Term Liabilities: ASTK's short term assets ($45.8M) exceed its long term liabilities ($2.1M).


Debt to Equity History and Analysis

Debt Level: ASTK's debt to equity ratio (2.6%) is considered satisfactory.

Reducing Debt: ASTK's debt to equity ratio has increased from 1.6% to 2.6% over the past 5 years.

Debt Coverage: ASTK's debt is well covered by operating cash flow (1333.6%).

Interest Coverage: ASTK's interest payments on its debt are well covered by EBIT (114.1x coverage).


Balance Sheet


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?

2.5yrs

Average board tenure


CEO

Andre Eriksen (48 yo)

no data

Tenure

Mr. Andre 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

Experienced Board: ASTK's board of directors are not considered experienced ( 2.5 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 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: kr824.417m
  • Shares outstanding: 25.48m
  • Website: https://asetek.com

Number of Employees


Location

  • Asetek A/S
  • Assensvej 2
  • Aalborg East
  • Aalborg
  • North Denmark Region
  • 9220
  • Denmark

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/27 21:20
End of Day Share Price2021/09/27 00:00
Earnings2021/06/30
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.