GTSM:3064

Stock Analysis Report

Executive Summary

Astro Corporation develops, markets, maintains, and operates digital games, systems, and software and hardware for gaming and lottery products in Taiwan and internationally.


Snowflake Analysis

Worrying balance sheet with weak fundamentals.

Share Price & News

How has Astro's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 3064 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

20.0%

3064

6.6%

TW Hospitality

4.6%

TW Market


1 Year Return

-37.6%

3064

-30.0%

TW Hospitality

-10.3%

TW Market

Return vs Industry: 3064 underperformed the TW Hospitality industry which returned -30.5% over the past year.

Return vs Market: 3064 underperformed the TW Market which returned -10.6% over the past year.


Shareholder returns

3064IndustryMarket
7 Day20.0%6.6%4.6%
30 Day28.9%-17.8%-14.3%
90 Day19.1%-29.3%-19.3%
1 Year-37.6%-37.6%-27.1%-30.0%-6.1%-10.3%
3 Year-20.0%-20.0%-25.7%-32.6%9.6%-3.1%
5 Year-44.3%-44.3%-29.6%-40.2%21.4%-0.6%

Price Volatility Vs. Market

How volatile is Astro's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

8.99x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 3064's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 3064's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 3064 is unprofitable, so we can't compare its PE Ratio to the Hospitality industry average.

PE vs Market: 3064 is unprofitable, so we can't compare its PE Ratio to the TW market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 3064's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 3064 is overvalued based on its PB Ratio (4.5x) compared to the TW Hospitality industry average (1.3x).


Next Steps

Future Growth

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

15.9%

Forecasted Consumer Services 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 Astro 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 Astro performed over the past 5 years?

7.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 3064 is currently unprofitable.

Growing Profit Margin: 3064 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 3064 is unprofitable, but has reduced losses over the past 5 years at a rate of 11.8% per year.

Accelerating Growth: Unable to compare 3064's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 3064 is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (8.6%).


Return on Equity

High ROE: 3064 has a negative Return on Equity (-77.94%), as it is currently unprofitable.


Next Steps

Financial Health

How is Astro's financial position?


Financial Position Analysis

Short Term Liabilities: 3064's short term assets (NT$196.7M) exceed its short term liabilities (NT$101.0M).

Long Term Liabilities: 3064's short term assets (NT$196.7M) do not cover its long term liabilities (NT$207.7M).


Debt to Equity History and Analysis

Debt Level: 3064's debt to equity ratio (64.7%) is considered high.

Reducing Debt: 3064's debt to equity ratio has increased from 32.1% to 64.7% over the past 5 years.


Balance Sheet

Inventory Level: 3064 has a high level of physical assets or inventory.

Debt Coverage by Assets: 3064's debt is covered by short term assets (assets are 1.1x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: 3064 has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: 3064 has less than a year of cash runway if free cash flow continues to reduce at historical rates of -23.2% each year


Next Steps

Dividend

What is Astro's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 3064's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 3064's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 3064's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 3064's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 3064 is not paying a notable dividend for the TW market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 3064's dividend in 3 years as they are not forecast to pay a notable one for the TW market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?


CEO

Astro has no CEO, or we have no data on them.


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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 12.5%.


Top Shareholders

Company Information

Astro Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Astro Corporation
  • Ticker: 3064
  • Exchange: GTSM
  • Founded:
  • Industry: Casinos and Gaming
  • Sector: Consumer Services
  • Market Cap: NT$1.312b
  • Shares outstanding: 84.11m
  • Website: https://www.astrocorp.com.tw

Location

  • Astro Corporation
  • No. 111-1, Hsing De Road
  • 10th Floor
  • New Taipei City
  • 241
  • Taiwan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
3064GTSM (Taipei Exchange)YesCommon StockTWTWDMay 2004

Biography

Astro Corporation develops, markets, maintains, and operates digital games, systems, and software and hardware for gaming and lottery products in Taiwan and internationally. The company offers various lottery games, and lottery monitoring and management systems, as well as operates self-service betting halls; gaming products, such as casino machines and games, and capacitive touch panel gaming systems; gaming cabinets; and lottery, VLT, and casino management systems. It also provides machine rental and point of sales customization, and product outsourcing services. The company is based in New Taipei City, Taiwan. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/01 18:31
End of Day Share Price2020/04/01 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.