ASTI HOLDINGS LIMITED (575) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of ASTI HOLDINGS LIMITED S$0.03, price S$0.11, upside -72.5%, quality 67 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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ASTI Holdings Limited, an investment holding company, offers semiconductor manufacturing services for surface mount technology components in Singapore, China, Malaysia, the Philippines, the United Kingdom, rest of Europe, and internationally. It operates through two segments, Backend Equipment Solutions & Technologies; and Distribution & Services.
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ASTI Holdings Limited, an investment holding company, offers semiconductor manufacturing services for surface mount technology components in Singapore, China, Malaysia, the Philippines, the United Kingdom, rest of Europe, and internationally. It operates through two segments, Backend Equipment Solutions & Technologies; and Distribution & Services. The company provides tape and reel packaging, tape making, manpower, and integrated circuit programming services to renowned original equipment manufacturers, contract manufacturers, and component distributors. It is also involved in the production and distribution of products, parts, electronics, electrical machinery, and computer equipment; development of advanced chip packaging and related technologies; and trading and sale of industrial automation equipment and renewable energy systems, as well as provision of installation and technical service support. ASTI Holdings Limited was incorporated in 1999 and is based in Singapore.
Stock analysis
ASTI HOLDINGS LIMITED (575) currently trades at 0.1090 SGD, while our model-based Fair Value estimate is 0.0300 SGD, 72.5% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 0.0500 SGD per share, and 2 of the 22 models we run sit above the 0.1090 SGD price.
Bear case: the Earnings-Based group reads lowest at 0.0100 SGD, and 20 of the 22 models stay below the price. Evidence for this calculation is low.
Scenario range: 0.0200 SGD (bear) to 0.0400 SGD (bull), the price of 0.1090 SGD sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 67/100 (solid quality), in the Technology sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
ASTI HOLDINGS LIMITED reported revenue of 36.9M SGD in FY2025 versus 54.3M SGD in FY2021, a compound −9.2%/yr. Reported net income was 835K SGD in FY2025.
Key figures
Market cap 97.1M SGD (≈ $75.8M) · P/S ratio 2.63 · Net margin 2.3% · Return on equity 3.4% · Return on assets (EBIT) −8.0% · Operating margin 3.9% · Revenue (TTM) 36.9M SGD · Revenue growth (YoY) +19.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 42% below its 52-week high and 679% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −28% fair-value upside, at −72%, 575 screens richer than that median.
Fair Value models
Bear 0.0200 SGDFair Value 0.0300 SGDBull 0.0400 SGD
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+11.8%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−18.1%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−8.3%
Start year 2020 (pandemic). Over 10 years: −10.9% a year
Revenue growth 12 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−7.7%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−28.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−28.3%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.5% → 2%
⚠ Revenue per share shrinking 9.3%/yr over ~6Y (margin trend unclear) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+10.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Singapore: IMF forecast 2.0% a year to 2030, 1.7% from 2016 to 2025) that is about +8.5% a year for the price.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Semiconductor Equipment & Materials · 216 stocks
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Is ASTI HOLDINGS LIMITED (575) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of 0.0300 SGD versus a price of 0.1090 SGD, about −72% upside (overvalued).
What is the fair value of 575?
Our model-based fair value for ASTI HOLDINGS LIMITED is 0.0300 SGD (as of Sep 27, 2026), built from audited fundamentals. The current price: 0.1090 SGD.
What is the quality score of 575?
ASTI HOLDINGS LIMITED has a Quality Score of 67/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for ASTI HOLDINGS LIMITED (575)?
Our model-based price target is the fair value of 0.0300 SGD (as of Sep 27, 2026) from 22 valuation models. Cautious scenario 0.0200 SGD, optimistic scenario 0.0400 SGD. It is a calculation from audited fundamentals, not an analyst target.
What is the ASTI HOLDINGS LIMITED stock forecast for 2026?
Our models put fair value at 0.0300 SGD, about −72% upside versus a price of 0.1090 SGD (overvalued). Cautious scenario 0.0200 SGD, optimistic scenario 0.0400 SGD. The calculation is refreshed regularly with new filings.
What is the revenue of ASTI HOLDINGS LIMITED (575)?
ASTI HOLDINGS LIMITED reported trailing-twelve-month revenue of about 36.9M SGD (latest available figure, as of Sep 27, 2026).
What growth is priced into ASTI HOLDINGS LIMITED (575)?
For today's price to be fair in a discounted-cash-flow model, ASTI HOLDINGS LIMITED would have to grow free cash flow by +10.7 % per year for five years (discount rate 12.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -8.3 % per year. As of Sep 27, 2026.
What discount rate (WACC) does the fair value of 575 use?
Our models discount ASTI HOLDINGS LIMITED at 12.9 %: a base by market capitalisation (micro), damped by beta 1.13, country premium for Singapore. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For ASTI HOLDINGS LIMITED that is +10.7 % per year a year over ten years, using the same discount rate (12.9 %) and the same formula as our fair value.
How much growth has ASTI HOLDINGS LIMITED (575) delivered so far?
Over the past 5 years revenue at ASTI HOLDINGS LIMITED grew -8.3 % a year. The price currently implies +10.7 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of ASTI HOLDINGS LIMITED (575) growing?
The median revenue growth in the sector is +9.6 % a year. That is the yardstick for the growth priced into ASTI HOLDINGS LIMITED (+10.7 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of ASTI HOLDINGS LIMITED (575)?
The free-cash-flow yield on the price is 4.18 %: that much free cash flow ASTI HOLDINGS LIMITED produces per unit of market value. When it exceeds the discount rate of our models (12.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of ASTI HOLDINGS LIMITED (575)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For ASTI HOLDINGS LIMITED it is 0.0300 SGD per share (as of Sep 27, 2026), against a price of 0.1090 SGD. It is the blended result of 22 valuation models (cash flow, earnings, asset, dividend).
Is ASTI HOLDINGS LIMITED stock overvalued or undervalued in 2026?
As of Sep 27, 2026, 575 trades above its calculated fair value: price 0.1090 SGD, fair value 0.0300 SGD, a gap of about −72% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 575?
No. The price is what the market pays today (0.1090 SGD); the fair value is what the company's own numbers justify (0.0300 SGD). For ASTI HOLDINGS LIMITED the two are 0.0790 SGD per share apart. That gap is exactly why we show both numbers side by side.
How much is ASTI HOLDINGS LIMITED worth?
The market values ASTI HOLDINGS LIMITED at about 97.1M SGD (market capitalisation, as of Sep 27, 2026). Per share that is 0.1090 SGD; our models calculate a fair value of 0.0300 SGD per share.
What do the bullish and bearish scenarios say about 575?
Our models span a range for ASTI HOLDINGS LIMITED: cautious scenario 0.0200 SGD, base 0.0300 SGD, optimistic 0.0400 SGD per share (as of Sep 27, 2026, price 0.1090 SGD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of 575?
The PEG ratio of ASTI HOLDINGS LIMITED is 0.39 (P/E divided by earnings growth, as of Sep 27, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of ASTI HOLDINGS LIMITED (575)?
Balance-sheet figures for ASTI HOLDINGS LIMITED (as of Sep 27, 2026): return on equity 3.4%, debt of 0.03 per unit of equity. They feed the Quality Score of 67/100, which measures business quality independently of the share price.
How far is 575 from its 52-week high?
ASTI HOLDINGS LIMITED trades at 0.1090 SGD, about 42% below its 52-week high of 0.1880 SGD and 679% above the low of 0.0140 SGD (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of 0.0300 SGD is for.
Which stocks are comparable to ASTI HOLDINGS LIMITED?
From the same area (Technology) we also value ASML Holding, Lam Research Corporation, Applied Materials, Inc, KLA Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is ASTI HOLDINGS LIMITED stock attractive at the current price?
The data as of Sep 27, 2026: price 0.1090 SGD, calculated fair value 0.0300 SGD (−72%), Quality Score 67/100, from 22 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 575 calculated?
We run ASTI HOLDINGS LIMITED through 22 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 0.0300 SGD, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. ASTI HOLDINGS LIMITED itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of ASTI HOLDINGS LIMITED (575)?
The closing price on Oct 1, 2026 was 0.1090 SGD. Our model-based fair value is 0.0300 SGD, about −72% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with ASTI HOLDINGS LIMITED right now?
The price sits above even our optimistic bull case (0.0400 SGD). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (67/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (0.0200 SGD to 0.0400 SGD) leaves room in how you read the outcome.
Key figures of ASTI HOLDINGS LIMITED
How large is the market capitalisation of ASTI HOLDINGS LIMITED (575)?
The market capitalisation of ASTI HOLDINGS LIMITED is 97.1M SGD (≈ $75.8M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of ASTI HOLDINGS LIMITED (575)?
The price-to-sales ratio of ASTI HOLDINGS LIMITED is 2.63 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of ASTI HOLDINGS LIMITED (575)?
The net margin of ASTI HOLDINGS LIMITED is 2.3% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of ASTI HOLDINGS LIMITED (575)?
The return on equity (ROE) of ASTI HOLDINGS LIMITED is 3.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of ASTI HOLDINGS LIMITED (575)?
On an EBIT basis the return on assets of ASTI HOLDINGS LIMITED is −8.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of ASTI HOLDINGS LIMITED (575)?
The operating margin of ASTI HOLDINGS LIMITED is 3.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at ASTI HOLDINGS LIMITED (575)?
Revenue at ASTI HOLDINGS LIMITED is growing +19.8% versus a year earlier (3y avg −18.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at ASTI HOLDINGS LIMITED (575)?
Earnings per share at ASTI HOLDINGS LIMITED are growing +281% versus a year earlier. How much earnings per share grew versus a year earlier.
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