Asti Corporation (6899) AI Stock Analysis

• Market Cap: ¥7.13B
• Dividend Yield: 4.8%
• Average Volume (3M): 6.55K
• Price to Earnings (P/E): 7.9
• Beta (1Y): 1.01
• Revenue Growth: 2.63%
• EPS Growth: -32.95%
• Country: JP
• Employees: 4,346
• Sector: Technology
• Sector Strength: 88
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 94.92
• Shares Outstanding: 3,417,006
• 10 Day Avg. Volume: 7,560
• 30 Day Avg. Volume: 6,546
• PEG Ratio: -0.13
• Price to Book (P/B): 0.26
• Price to Sales (P/S): 0.10
• P/FCF Ratio: 1.61
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 78 Outperform
• Price Target: ¥2,643.00 ▲(26.95% Upside)

Asti Corporation's stock is supported by strong technical indicators and attractive valuation metrics, including a low P/E ratio and high dividend yield. The financial performance is solid, with strong cash flow management, though profitability margins are a concern. The absence of earnings call data and corporate events does not impact the score.

Positive Factors

Revenue Stability

Asti's diverse revenue streams and long-term contracts with major electronics players provide a stable income base, supporting long-term growth.

Cash Flow Management

Strong cash flow management and significant free cash flow growth enhance financial flexibility, supporting future investments and operations.

Innovative Product Development

R&D partnerships drive innovation, leading to new product development, which can increase market share and revenue over the long term.

Negative Factors

Profitability Margins

Declining profitability margins indicate operational challenges, which could impact long-term financial health and shareholder returns.

Return on Equity

Low return on equity suggests inefficient use of shareholder funds, potentially limiting investor confidence and future capital raising.

EBIT Margin

A modest EBIT margin indicates limited operational efficiency, which may hinder the company's ability to improve profitability in the long term.

Asti Corporation Business Overview & Revenue Model

Company Description

Asti Corporation (6899) is a leading company specializing in the development and manufacturing of advanced technology solutions in the semiconductor industry. The company operates primarily in the electronics sector, focusing on high-performance semiconductor devices, integrated circuits, and related services. Asti Corporation is recognized for its innovative products that cater to a wide range of applications, including consumer electronics, automotive systems, and industrial automation.

How the Company Makes Money

Asti Corporation generates revenue through multiple key streams, primarily by selling its semiconductor products to a diverse clientele, including original equipment manufacturers (OEMs) and contract manufacturers. The company benefits from long-term contracts with major players in the electronics industry, providing a stable revenue base. Additionally, Asti engages in research and development partnerships that enable it to innovate and bring new products to market, often leading to increased sales and market share. The company also earns revenue from licensing its technology to other firms, allowing it to monetize its intellectual property. Factors contributing to its earnings include the growing demand for high-performance electronics, strategic alliances with technology leaders, and expanding into emerging markets.

Asti Corporation Financial Statement Overview

Summary

Asti Corporation displays a solid financial position with moderate revenue growth and strong cash flow management. However, profitability margins have weakened, and return on equity is low, indicating potential operational challenges. The balance sheet reflects a healthy equity base with manageable leverage.

Income Statement

Asti Corporation demonstrates moderate revenue growth with a recent increase of 2.88% in the latest fiscal year. The gross profit margin is healthy at 9.11%, though it has decreased from prior periods. Net profit margin saw a significant drop to 0.95% from the previous year's 4.24%, indicating reduced profitability. EBIT margin is modest at 2.32%, reflecting operational challenges. The EBITDA margin of 5.24% suggests moderate operational efficiency.

Balance Sheet

The company maintains a stable equity position, with a debt-to-equity ratio of 0.55, indicating manageable leverage. Return on equity is low at 2.55%, showing limited profitability on shareholders' equity. The equity ratio stands at 53.29%, highlighting a strong equity base relative to total assets.

Cash Flow

Asti Corporation shows strong cash flow management, with a significant increase in free cash flow by 191.64% over the past year. The operating cash flow to net income ratio is robust at 8.96, indicating strong cash generation relative to net income. Free cash flow to net income is positive at 6.25, reflecting effective cash management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	65.85B	65.44B	63.61B	64.88B	58.79B	45.21B
Gross Profit	6.41B	5.96B	7.17B	6.39B	4.37B	4.33B
EBITDA	3.06B	3.43B	5.78B	3.98B	2.63B	2.96B
Net Income	334.23M	624.90M	2.70B	1.51B	702.95M	1.39B
Balance Sheet
Total Assets	44.35B	46.05B	48.01B	46.36B	42.75B	34.73B
Cash, Cash Equivalents and Short-Term Investments	4.12B	4.39B	3.19B	2.84B	1.96B	2.19B
Total Debt	12.65B	13.50B	15.72B	17.04B	16.00B	10.00B
Total Liabilities	20.56B	21.47B	23.69B	25.25B	23.48B	16.79B
Stockholders Equity	23.75B	24.54B	24.29B	21.09B	19.26B	17.92B
Cash Flow
Free Cash Flow	0.00	3.91B	1.34B	-63.61M	-6.29B	-1.40B
Operating Cash Flow	0.00	5.60B	3.22B	4.91B	-4.75B	153.83M
Investing Cash Flow	0.00	-1.46B	-1.96B	-4.98B	-1.36B	-1.49B
Financing Cash Flow	0.00	-2.72B	-1.63B	890.99M	5.70B	1.46B

Asti Corporation Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2082.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6899, the sentiment is Positive. The current price of 2082 is below the 20-day moving average (MA) of 2183.40, below the 50-day MA of 2125.08, and above the 200-day MA of 1976.27, indicating a bullish trend. The MACD of 56.10 indicates Negative momentum. The RSI at 74.68 is Negative, neither overbought nor oversold. The STOCH value of 91.87 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6899.

Asti Corporation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6899	78 Outperform	¥7.13B	7.88	―	4.80%	2.63%	-32.95%
6907	73 Outperform	¥9.23B	19.43	―	―	15.88%	―
6858	72 Outperform	¥6.63B	11.71	―	2.46%	15.66%	-69.17%
7213	68 Neutral	¥6.45B	4.71	―	2.58%	-7.06%	-58.58%
6837	65 Neutral	¥5.23B	9.08	―	3.01%	2.03%	-23.50%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
6926	46 Neutral	¥4.47B	―	―	―	-6.31%	-64.22%