Astra Space (NasdaqGS:ASTR) - Share price, News & Analysis

ASTR fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	2/6
Past Performance	0/6
Financial Health	6/6
Dividends	0/6

ASTR Stock Overview

Astra Space, Inc. designs, tests, manufactures, launches, and operates space products and services.

Rewards

Revenue is forecast to grow 59.68% per year

Risk Analysis

Currently unprofitable and not forecast to become profitable over the next 3 years

Volatile share price over the past 3 months

Does not have meaningful revenue ($4M)

Astra Space Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Astra Space
Historical stock prices
Current Share Price	US$1.50
52 Week High	US$16.95
52 Week Low	US$1.46
Beta	0
1 Month Change	-36.17%
3 Month Change	-63.68%
1 Year Change	-86.24%
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	n/a

Recent News & Updates

Jun 14

Astra Space: Failed Launches Not Yet Growth's Death Knell

Astra Space is making factory investments, including an infrastructural upgrade that will see production tilted to a weekly rate instead of the current monthly rate. As of March 31, 2022, Astra's accumulated deficits stood at $1.494 billion, largely beset by negative cash flows and operational losses. Despite not breaking even, Astra is in the process of selling over 50 launches by 2025.

Mar 13

Astra: 2022 Is A Pivotal Year For Revenues And New Launches

Much of the bad news on prior failed launches and macro headwinds had already been priced in. Zero benefit has been given to the potentiality of the 13,600 satellite constellation. 2022 will see many more launches, and a transformation of the company from “test” phase to “commercialization” phase; forecasts expect revenues to ramp up by year-end. Astra is in a net cash position, estimated to last another two years - this makes the valuation of Astra relatively attractive, especially when viewed alongside a reasonable P/B ratio.

Shareholder Returns

	ASTR	US Aerospace & Defense	US Market
7D	-8.0%	4.7%	6.6%
1Y	-86.2%	-0.7%	-18.5%

Return vs Industry: ASTR underperformed the US Aerospace & Defense industry which returned -1.8% over the past year.

Return vs Market: ASTR underperformed the US Market which returned -20.5% over the past year.

Price Volatility

Is ASTR's price volatile compared to industry and market?
ASTR volatility
ASTR Average Weekly Movement	12.9%
Aerospace & Defense Industry Average Movement	7.0%
Market Average Movement	8.0%
10% most volatile stocks in US Market	16.6%
10% least volatile stocks in US Market	3.1%

Stable Share Price: ASTR is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 13% a week.

Volatility Over Time: ASTR's weekly volatility (13%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

Founded	Employees	CEO	Website
2016	324	Chris Kemp	https://astra.com

Astra Space, Inc. designs, tests, manufactures, launches, and operates space products and services. The company also designs, tests, manufactures, and operates propulsion modules to enable satellites to orbit in space. Its customers primarily include satellite operators, satellite manufacturers, government agencies, and defense prime contractors.

Astra Space Fundamentals Summary

How do Astra Space's earnings and revenue compare to its market cap?
ASTR fundamental statistics
Market Cap	US$396.23m
Earnings (TTM)	-US$184.52m
Revenue (TTM)	US$3.91m

101.4x

P/S Ratio

-2.1x

P/E Ratio

Is ASTR overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
ASTR income statement (TTM)
Revenue	US$3.91m
Cost of Revenue	US$11.01m
Gross Profit	-US$7.10m
Other Expenses	US$177.42m
Earnings	-US$184.52m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	-0.70
Gross Margin	-181.61%
Net Profit Margin	-4,718.05%
Debt/Equity Ratio	0%

How did ASTR perform over the long term?

See historical performance and comparison

We’ve recently updated our valuation analysis.

Valuation

Is ASTR undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

Price-To-Book vs Peers
Price-To-Book vs Industry
Price-To-Book vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ASTR?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for ASTR. This is calculated by dividing ASTR's market cap by their current preferred multiple.
What is ASTR's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	US$396.23m

ASTR key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	38.3x
Enterprise Value/EBITDA	-0.8x
PEG Ratio	n/a

Price to Book Ratio vs Peers

How does ASTR's PB Ratio compare to its peers?

ASTR PB Ratio vs Peers

The above table shows the PB ratio for ASTR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PB	Estimated Growth	Market Cap
Peer Average	76.2x

Price-To-Book vs Peers: ASTR is good value based on its Price-To-Book Ratio (1.1x) compared to the peer average (76.2x).

Price to Earnings Ratio vs Industry

How does ASTR's PE Ratio compare vs other companies in the U.S. Aerospace & Defense Industry?

Price-To-Book vs Industry: ASTR is good value based on its Price-To-Book Ratio (1.1x) compared to the US Aerospace & Defense industry average (2.3x)

Price to Book Ratio vs Fair Ratio

What is ASTR's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ASTR PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio	1.1x
Fair PB Ratio	n/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate ASTR's Price-To-Book Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of ASTR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate ASTR's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate ASTR's fair value for valuation analysis.

Price to Earnings Growth Ratio

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

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Future Growth

How is Astra Space forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

10.5%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: ASTR is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: ASTR is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: ASTR is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: ASTR's revenue (59.7% per year) is forecast to grow faster than the US market (8.3% per year).

High Growth Revenue: ASTR's revenue (59.7% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: ASTR is forecast to be unprofitable in 3 years.

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Past Performance

How has Astra Space performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

85.0%

Last years earnings growth

Earnings and Revenue History

Quality Earnings: ASTR is currently unprofitable.

Growing Profit Margin: ASTR is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if ASTR's year-on-year earnings growth rate was positive over the past 5 years.

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

Earnings vs Industry: ASTR is unprofitable, making it difficult to compare its past year earnings growth to the Aerospace & Defense industry (27.7%).

Return on Equity

High ROE: ASTR has a negative Return on Equity (-50.08%), as it is currently unprofitable.

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Financial Health

How is Astra Space's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: ASTR's short term assets ($275.6M) exceed its short term liabilities ($37.3M).

Long Term Liabilities: ASTR's short term assets ($275.6M) exceed its long term liabilities ($34.1M).

Debt to Equity History and Analysis

Debt Level: ASTR is debt free.

Reducing Debt: ASTR had no debt 5 years ago.

Balance Sheet

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: ASTR has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: ASTR has sufficient cash runway for 1.2 years if free cash flow continues to reduce at historical rates of 66.1% each year.

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Dividend

What is Astra Space current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

Dividend Yield vs Market

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

High Dividend: Unable to evaluate ASTR'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 ASTR's dividends per share have been stable in the past.

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

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as ASTR has not reported any payouts.

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Management

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

2.0yrs

Average management tenure

CEO

Chris Kemp (43 yo)

5.67yrs

Tenure

US$43,973,670

Compensation

Mr. Chris C. Kemp founded Astra Space, Inc. in October 2016 and serves as its Chairman and Chief Executive Officer and also serves as the President. He founded Nebula, Inc. in April 2011 and has been its C...

CEO Compensation Analysis

Compensation vs Market: Chris's total compensation ($USD43.97M) is above average for companies of similar size in the US market ($USD2.71M).

Compensation vs Earnings: Chris's compensation has increased whilst the company is unprofitable.

Leadership Team

Experienced Management: ASTR's management team is not considered experienced ( 2 years average tenure), which suggests a new team.

Board Members

Experienced Board: ASTR's board of directors are not considered experienced ( 0.9 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.

Ownership Breakdown

Dilution of Shares: Insufficient data to determine if shareholders have been diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/06/24 00:00
End of Day Share Price	2022/06/24 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31