ASETEK A/S (ASTK.OL) Stock Fundamental Analysis

Europe - Euronext Oslo - OSL:ASTK - DK0060477263 - Common Stock

6.34 NOK

+0.06 (+0.96%)

Last: 3/26/2024, 7:00:00 PM

Fundamental Rating

Overall ASTK gets a fundamental rating of 5 out of 10. We evaluated ASTK against 31 industry peers in the Technology Hardware, Storage & Peripherals industry. ASTK has an average financial health and profitability rating. ASTK has a correct valuation and a medium growth rate.

Quickly go to:

1. Profitability

1.1 Basic Checks

ASTK had positive earnings in the past year.
In the past year ASTK had a positive cash flow from operations.

1.2 Ratios

Looking at the Return On Assets, with a value of 5.01%, ASTK is in the better half of the industry, outperforming 78.26% of the companies in the same industry.
ASTK has a better Return On Equity (7.60%) than 78.26% of its industry peers.
ASTK has a Return On Invested Capital of 6.99%. This is in the better half of the industry: ASTK outperforms 78.26% of its industry peers.

		Industry Rank	Sector Rank
ROA	5.01%
ROE	7.6%
ROIC	6.99%

ROA(3y)3.05%

ROA(5y)3.03%

ROE(3y)4%

ROE(5y)3.96%

ROIC(3y)N/A

ROIC(5y)N/A

1.3 Margins

With a decent Profit Margin value of 7.21%, ASTK is doing good in the industry, outperforming 78.26% of the companies in the same industry.
ASTK has a Operating Margin of 10.56%. This is in the better half of the industry: ASTK outperforms 73.91% of its industry peers.
With a decent Gross Margin value of 44.62%, ASTK is doing good in the industry, outperforming 73.91% of the companies in the same industry.
ASTK's Gross Margin has improved in the last couple of years.

		Industry Rank	Sector Rank
OM	10.56%
PM (TTM)	7.21%
GM	44.62%

OM growth 3YN/A

OM growth 5YN/A

PM growth 3YN/A

PM growth 5YN/A

GM growth 3Y-1.07%

GM growth 5Y2.61%

More info and screens

ROA

ROE

ROIC

Operating and Profit Margin

Show most profitable peers

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so ASTK is still creating some value.
ASTK has more shares outstanding than it did 1 year ago.
ASTK has a worse debt/assets ratio than last year.

2.2 Solvency

There is no outstanding debt for ASTK. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.

		Industry Rank	Sector Rank
Debt/Equity	0
Debt/FCF	N/A
Altman-Z	N/A

ROIC/WACC1.03

WACC6.79%

2.3 Liquidity

ASTK has a Current Ratio of 1.70. This is a normal value and indicates that ASTK is financially healthy and should not expect problems in meeting its short term obligations.
ASTK has a Current ratio (1.70) which is comparable to the rest of the industry.
A Quick Ratio of 1.70 indicates that ASTK should not have too much problems paying its short term obligations.
ASTK has a Quick ratio of 1.70. This is in the better half of the industry: ASTK outperforms 78.26% of its industry peers.

		Industry Rank	Sector Rank
Current Ratio	1.7
Quick Ratio	1.7

More info and screens

WACC

Debt/Equity

How to determine the health of a company

Altman-Z score

Show peers with great health

3. Growth

3.1 Past

ASTK shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 137.48%, which is quite impressive.
The Revenue has grown by 16.76% in the past year. This is quite good.
The Revenue has been decreasing by -2.74% on average over the past years.

EPS 1Y (TTM)137.48%

EPS 3YN/A

EPS 5YN/A

EPS Q2Q%163.62%

Revenue 1Y (TTM)16.76%

Revenue growth 3Y-2.31%

Revenue growth 5Y-2.74%

Sales Q2Q%96.23%

3.2 Future

Based on estimates for the next years, ASTK will show a very strong growth in Earnings Per Share. The EPS will grow by 47.58% on average per year.
ASTK is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 21.29% yearly.

EPS Next Y194.44%

EPS Next 2Y71.59%

EPS Next 3Y47.58%

EPS Next 5YN/A

Revenue Next Year47.06%

Revenue Next 2Y26.8%

Revenue Next 3Y21.29%

Revenue Next 5YN/A

3.3 Evolution

The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.

More info and screens

Find the best growth stocks

Show best growing peers

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 14.74, the valuation of ASTK can be described as correct.
Compared to the rest of the industry, the Price/Earnings ratio of ASTK indicates a rather cheap valuation: ASTK is cheaper than 82.61% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of ASTK to the average of the S&P500 Index (28.60), we can say ASTK is valued slightly cheaper.
With a Price/Forward Earnings ratio of 8.29, the valuation of ASTK can be described as very reasonable.
73.91% of the companies in the same industry are more expensive than ASTK, based on the Price/Forward Earnings ratio.
ASTK's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 25.83.

		Industry Rank	Sector Rank
PE	14.74
Fwd PE	8.29

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, ASTK is valued a bit cheaper than 78.26% of the companies in the same industry.

		Industry Rank	Sector Rank
P/FCF	N/A
EV/EBITDA	5.01

4.3 Compensation for Growth

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as ASTK's earnings are expected to grow with 47.58% in the coming years.