Ascent Solar Technologies Valuation

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

Valuation Score

2/6

Valuation Score 2/6

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

Share Price vs Fair Value

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

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

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

Key Valuation Metric

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

Key metric: As ASTI barely has revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for ASTI. This is calculated by dividing ASTI's market cap by their current book value.
What is ASTI's PB Ratio?
PB Ratio	1x
Book	US$3.33m
Market Cap	US$3.26m

ASTI 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	45.4x
Enterprise Value/EBITDA	-0.2x
PEG Ratio	n/a

Price to Book Ratio vs Peers

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

The above table shows the PB ratio for ASTI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PB	Estimated Growth	Market Cap
Peer Average	2x
SMTK SmartKem	2.5x	n/a	US$5.7m
PRSO Peraso	1.6x	56.0%	US$3.3m
WISA WiSA Technologies	3.1x	82.4%	US$13.4m
SPI SPI Energy	0.8x	n/a	US$10.0m
ASTI Ascent Solar Technologies	1x	n/a	US$3.3m

Price-To-Book vs Peers: ASTI is good value based on its Price-To-Book Ratio (1x) compared to the peer average (2x).

Price to Book Ratio vs Industry

How does ASTI's PB Ratio compare vs other companies in the US Semiconductor Industry?

7 Companies	Price / Book	Estimated Growth	Market Cap
DQ Daqo New Energy	0.3x	82.6%	US$1.24b
JKS JinkoSolar Holding	0.4x	68.4%	US$1.15b
CSIQ Canadian Solar	0.3x	59.8%	US$788.01m
MX Magnachip Semiconductor	0.5x	-2.4%	US$143.60m

7 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Book vs Industry: ASTI is good value based on its Price-To-Book Ratio (1x) compared to the US Semiconductor industry average (2.6x).

Price to Book Ratio vs Fair Ratio

What is ASTI'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.

ASTI PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio	1x
Fair PB Ratio	n/a

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

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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