OTCPK:ASTI

Stock Analysis Report

Executive Summary

Ascent Solar Technologies, Inc. designs, manufactures, and sells photovoltaic (PV) integrated consumer electronics and portable power applications for commercial and military users.

Snowflake

Fundamentals

Poor track record with weak fundamentals.

Share Price & News

How has Ascent Solar Technologies's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ASTI's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

100.0%

ASTI

0.09%

US Semiconductor

0.7%

US Market


1 Year Return

-99.4%

ASTI

34.9%

US Semiconductor

12.9%

US Market

Return vs Industry: ASTI underperformed the US Semiconductor industry which returned 34.9% over the past year.

Return vs Market: ASTI underperformed the US Market which returned 12.9% over the past year.


Shareholder returns

ASTIIndustryMarket
7 Day100.0%0.09%0.7%
30 Day0%8.1%4.4%
90 Day-33.3%16.5%7.2%
1 Year-99.4%-99.4%37.6%34.9%15.4%12.9%
3 Year-100.0%-100.0%88.0%77.3%49.1%39.5%
5 Year-100.0%-100.0%140.1%115.9%62.7%44.7%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Ascent Solar Technologies undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether Ascent Solar Technologies is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Ascent Solar Technologies has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of ASTI’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Ascent Solar Technologies regulatory filings here.
  • Explore potentially undervalued companies in the Semiconductors industry.

Future Growth

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

19.7%

Forecasted Semiconductors 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 Ascent Solar Technologies 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

  • Take a look at our analysis of ASTI’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Ascent Solar Technologies's filings and announcements here.
  • Explore growth companies in the Semiconductors industry.

Past Performance

How has Ascent Solar Technologies performed over the past 5 years?

30.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: Insufficient data to determine if ASTI has high quality earnings.

Growing Profit Margin: ASTI's current net profit margins (-1310.4%) are higher than last year (-1977.5%).


Past Earnings Growth Analysis

Earnings Trend: ASTI is unprofitable, but has reduced losses over the past 5 years at a rate of 30.8% per year.

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

Earnings vs Industry: ASTI is unprofitable, making it difficult to compare its past year earnings growth to the Semiconductor industry (-11.6%).


Return on Equity

High ROE: ASTI's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Ascent Solar Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: ASTI has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: ASTI has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: ASTI has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: ASTI's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet

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

Debt Coverage by Assets: ASTI has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.


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: ASTI has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: ASTI has less than a year of cash runway if free cash flow continues to grow at historical rates of 51.9% each year.


Next Steps

Dividend

What is Ascent Solar Technologies's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.6%industryaverage2.0%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

Growing Dividend: Insufficient data to determine if ASTI'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 ASTI's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

What is the CEO of Ascent Solar Technologies's salary, the management and board of directors tenure and is there insider trading?

9.1yrs

Average board tenure


CEO

Victor Lee (52yo)

7.8yrs

Tenure

US$307,154

Compensation

Mr. Kong Hian Lee, also known as Victor, has been the President and Chief Executive Officer of Ascent Solar Technologies, Inc. since February 2012 while he also remains as the Managing Director of Tertius  ...


CEO Compensation Analysis

Compensation vs Market: Victor's total compensation ($USD307.15K) is below average for companies of similar size in the US market ($USD509.30K).

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


Board Age and Tenure

9.1yrs

Average Tenure

59.5yo

Average Age

Experienced Board: ASTI's board of directors are considered experienced (9.1 years average tenure).


Insider Trading

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 substantially diluted in the past year, with total shares outstanding growing by 2089.7%.


Management Team

  • Joe Armstrong (62yo)

    Founder

    • Tenure: 0yrs
    • Compensation: US$180.60k
  • Victor Lee (52yo)

    President

    • Tenure: 7.8yrs
    • Compensation: US$307.15k
  • Adam Holdsworth

    Managing Director of Investor Relations - PCG Advisory Group

    • Tenure: 0yrs
  • Joseph Kigin

    Head of Worldwide Sales

    • Tenure: 2.6yrs

Board Members

  • Amit Kumar (55yo)

    Independent Chairman of the Board

    • Tenure: 8.8yrs
  • Tom Marsh (75yo)

    Independent Director

    • Tenure: 9.4yrs
  • Victor Lee (52yo)

    President

    • Tenure: 7.8yrs
    • Compensation: US$307.15k
  • Kim Huntley (64yo)

    Independent Director

    • Tenure: 9.4yrs

Company Information

Ascent Solar Technologies, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Ascent Solar Technologies, Inc.
  • Ticker: ASTI
  • Exchange: OTCPK
  • Founded: 2005
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: US$694.040k
  • Shares outstanding: 3.47b
  • Website: https://www.ascentsolar.com

Number of Employees


Location

  • Ascent Solar Technologies, Inc.
  • 12300 Grant Street
  • Thornton
  • Colorado
  • 80241
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ASTIOTCPK (Pink Sheets LLC)YesCommon StockUSUSDAug 2006

Biography

Ascent Solar Technologies, Inc. designs, manufactures, and sells photovoltaic (PV) integrated consumer electronics and portable power applications for commercial and military users. It offers outdoor solar ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/16 23:52
End of Day Share Price2019/11/15 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.