NYSE:ASPN

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Market Cap

US$1.2b

Last Updated

2021/07/25 22:52 UTC

Data Sources

Company Financials +

Executive Summary

Aspen Aerogels, Inc. designs, develops, manufactures, and sells aerogel insulation products primarily for use in the energy infrastructure and building materials markets in the United States, Asia, Canada, Europe, and Latin America. More Details


Snowflake Analysis

High growth potential with excellent balance sheet.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: ASPN is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: ASPN's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of US stocks.


Market Performance


7 Day Return

11.9%

ASPN

-0.2%

US Energy Services

2.0%

US Market


1 Year Return

494.8%

ASPN

40.1%

US Energy Services

39.1%

US Market

Return vs Industry: ASPN exceeded the US Energy Services industry which returned 40.1% over the past year.

Return vs Market: ASPN exceeded the US Market which returned 39.1% over the past year.


Shareholder returns

ASPNIndustryMarket
7 Day11.9%-0.2%2.0%
30 Day49.9%-15.6%1.2%
90 Day87.9%4.8%3.0%
1 Year494.8%494.8%44.6%40.1%41.3%39.1%
3 Year607.7%607.7%-51.4%-55.7%64.0%53.8%
5 Year641.8%641.8%-52.5%-60.6%123.9%99.0%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

15.71x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: ASPN ($36.94) is trading above our estimate of fair value ($36.87)

Significantly Below Fair Value: ASPN is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: ASPN is unprofitable, so we can't compare its PE Ratio to the US Energy Services industry average.

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


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: ASPN is overvalued based on its PB Ratio (15.7x) compared to the US Energy Services industry average (1x).


Future Growth

How is Aspen Aerogels forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

66.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ASPN is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).

Earnings vs Market: ASPN is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: ASPN's is expected to become profitable in the next 3 years.

Revenue vs Market: ASPN's revenue (34.7% per year) is forecast to grow faster than the US market (9.3% per year).

High Growth Revenue: ASPN's revenue (34.7% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if ASPN's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Aspen Aerogels performed over the past 5 years?

-12.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ASPN is currently unprofitable.

Growing Profit Margin: ASPN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ASPN is unprofitable, and losses have increased over the past 5 years at a rate of 12.7% per year.

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

Earnings vs Industry: ASPN is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (27.1%).


Return on Equity

High ROE: ASPN has a negative Return on Equity (-37.35%), as it is currently unprofitable.


Financial Health

How is Aspen Aerogels's financial position?


Financial Position Analysis

Short Term Liabilities: ASPN's short term assets ($49.9M) exceed its short term liabilities ($22.9M).

Long Term Liabilities: ASPN's short term assets ($49.9M) exceed its long term liabilities ($10.3M).


Debt to Equity History and Analysis

Debt Level: ASPN's debt to equity ratio (5.5%) is considered satisfactory.

Reducing Debt: ASPN's debt to equity ratio has increased from 0% to 5.5% over the past 5 years.


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

Forecast Cash Runway: ASPN is forecast to have sufficient cash runway for 5 months based on free cash flow estimates, but has since raised additional capital.


Dividend

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


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

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


Next Steps

Management

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

5.8yrs

Average management tenure


CEO

Don Young (64 yo)

19.67yrs

Tenure

US$2,298,852

Compensation

Mr. Donald R. Young, also known as Don, has been the President, Chief Executive Officer and Director of Aspen Aerogels, Inc. since November 2001. Mr. Young possesses specific attributes that qualify him to...


CEO Compensation Analysis

Compensation vs Market: Don's total compensation ($USD2.30M) is about average for companies of similar size in the US market ($USD2.44M).

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


Leadership Team

Experienced Management: ASPN's management team is seasoned and experienced (5.8 years average tenure).


Board Members

Experienced Board: ASPN's board of directors are seasoned and experienced ( 11.3 years average tenure).


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 been diluted in the past year, with total shares outstanding growing by 19.6%.


Top Shareholders

Company Information

Aspen Aerogels, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Aspen Aerogels, Inc.
  • Ticker: ASPN
  • Exchange: NYSE
  • Founded: 2001
  • Industry: Oil and Gas Equipment and Services
  • Sector: Energy
  • Market Cap: US$1.175b
  • Shares outstanding: 31.81m
  • Website: https://www.aerogel.com

Number of Employees


Location

  • Aspen Aerogels, Inc.
  • Building B
  • 30 Forbes Road
  • Northborough
  • Massachusetts
  • 1532
  • United States

Listings


Biography

Aspen Aerogels, Inc. designs, develops, manufactures, and sells aerogel insulation products primarily for use in the energy infrastructure and building materials markets in the United States, Asia, Canada,...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/07/25 22:52
End of Day Share Price2021/07/23 00:00
Earnings2021/03/31
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.