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Astroscale Holdings Inc.
(186A)
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Rating:43Neutral
Price Target:
¥1,032.00
▲(0.58% Upside)
Action:Reiterated
Date:06/19/26
The score is primarily constrained by weak financial performance—persistent large losses and significant cash burn, with still-elevated leverage. Technicals add pressure with a bearish trend (below key moving averages and negative MACD), while oversold indicators provide only limited near-term support. Valuation offers little help because earnings are negative and no dividend yield is available.
Positive Factors
Rapid Revenue Scaling
Strong revenue expansion indicates increasing customer adoption and a growing commercial base. Sustained program wins could improve operating leverage over time, although conversion into profitable growth remains unproven.
Negative Factors
Deep Operating Losses
Near-zero gross margin and deeply negative operating and net margins show that revenue has not yet covered the cost base. This limits the durability of growth and leaves profitability dependent on major execution and efficiency improvements.
Read all positive and negative factors
Positive Factors
Negative Factors
Rapid Revenue Scaling
Strong revenue expansion indicates increasing customer adoption and a growing commercial base. Sustained program wins could improve operating leverage over time, although conversion into profitable growth remains unproven.
Read all positive factors
Astroscale Holdings Inc. (186A) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥160.60B
Dividend YieldN/A
Average Volume (3M)6.36M
Price to Earnings (P/E)―
Beta (1Y)1.43
Revenue Growth141.79%
EPS Growth71.40%
CountryJP
Employees593
SectorGeneral
Sector StrengthN/A
IndustryAerospace & Defense
Share Statistics
EPS (TTM)-49.67
Shares Outstanding142,120,700
10 Day Avg. Volume12,134,070
30 Day Avg. Volume6,356,840
Financial Highlights & Ratios
PEG Ratio0.35
Price to Book (P/B)21.42
Price to Sales (P/S)29.12
P/FCF Ratio-9.70
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-60.39
Revenue Forecast (FY)¥9.24B
Astroscale Holdings Inc. Business Overview & Revenue Model
Company Description
Astroscale Holdings Inc. engages in research and development of technology related to on-orbit services in Japan, the United Kingdom, the United States, and France. The company offers in-situ space situational awareness, life extension, active deb...
How the Company Makes Money
Astroscale primarily makes money by providing mission and engineering services related to in-orbit servicing and space debris mitigation. Revenue is generated through (1) customer-funded development contracts for spacecraft, subsystems, and enabli...
Astroscale Holdings Inc. Financial Statement Overview
Summary
Income Statement
16
Very Negative
Balance Sheet
34
Negative
Cash Flow
14
Very Negative
| Breakdown | Apr 2026 | Apr 2025 | Apr 2025 | Apr 2023 | Apr 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 5.94B | 2.46B | 2.85B | 1.79B | 910.37M |
| Gross Profit | 19.25M | -4.50B | -2.75B | -5.57B | -1.97B |
| EBITDA | -15.15B | -19.95B | -7.99B | -8.70B | -5.36B |
| Net Income | -6.70B | -21.55B | -9.18B | -9.26B | -5.48B |
Balance Sheet | |||||
| Total Assets | 32.12B | 33.63B | 24.99B | 30.44B | 20.13B |
| Cash, Cash Equivalents and Short-Term Investments | 10.02B | 21.30B | 14.20B | 22.68B | 16.87B |
| Total Debt | 10.57B | 13.93B | 13.18B | 9.73B | 2.50B |
| Total Liabilities | 24.05B | 27.50B | 19.59B | 15.55B | 6.03B |
| Stockholders Equity | 8.08B | 6.13B | 5.40B | 14.89B | 14.09B |
Cash Flow | |||||
| Free Cash Flow | -17.84B | -12.83B | -13.91B | -9.47B | -5.98B |
| Operating Cash Flow | -12.49B | -12.25B | -12.82B | -7.94B | -5.50B |
| Investing Cash Flow | -6.93B | -1.04B | -1.18B | -1.63B | -662.66M |
| Financing Cash Flow | 7.24B | 20.82B | 4.15B | 15.23B | 13.79B |
Astroscale Holdings Inc. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | ¥148.27B | 10.63 | ― | 2.81% | 11.40% | 26.49% | |
67 Neutral | ¥129.23B | 10.48 | 9.86% | 2.86% | 8.77% | 49.27% | |
67 Neutral | ¥96.37B | 18.85 | 26.55% | 0.13% | 54.05% | 121.12% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ¥39.48B | 50.47 | ― | ― | 41.15% | 2.54% | |
43 Neutral | ¥160.60B | -22.75 | ― | ― | 141.79% | 71.40% |
* General Sector Average
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Astroscale Holdings Inc. Corporate Events
Astroscale Bolsters Global Leadership With New Legal & Compliance Executive
Aug 18, 2026
Astroscale Holdings Inc. has updated its executive lineup by appointing Raleigh Morgan as Executive Officer and Senior Vice President of Global Legal Compliance, effective August 18, 2026. The appointment strengthens the company’s leadershi...
Astroscale Secures Extended JPY 3 Billion Overdraft Line From Mizuho Bank
Jul 20, 2026
Astroscale Holdings Inc. has resolved to enter into a new special overdraft agreement with Mizuho Bank, extending a previous facility that matured at the end of June 2026 while keeping its main terms largely unchanged. The agreement provides a JPY...
Astroscale to Restructure Capital to Eliminate Retained Earnings Deficit
Jul 5, 2026
Astroscale Holdings Inc. plans to restructure its equity accounts to address a retained earnings deficit of ¥7.73 billion and reinforce its financial foundation. The company will seek shareholder approval at its upcoming annual general meetin...
Astroscale Corrects Tax-Related Accounting as Losses Narrow and Equity Improves
Jul 5, 2026
Astroscale Holdings Inc. reported consolidated results for the fiscal year ended April 30, 2026, with project income rising 89% to ¥11.5 billion and revenue climbing 141.8% to ¥5.94 billion, while operating losses narrowed from ¥18....
Astroscale to Introduce New RSU-Based Director Compensation Plans
Jul 5, 2026
Astroscale Holdings Inc. plans to introduce two post-delivery stock-based compensation plans in the form of Restricted Stock Units for its directors, subject to shareholder approval at the upcoming annual meeting. The company aims to make its comp...
Astroscale Narrows Non-Consolidated Losses on FX Gains and Lower Subsidiary Valuation Hits
Jun 12, 2026
Astroscale Holdings reported a modest increase in non-consolidated revenue for the fiscal year ended April 30, 2026, driven mainly by higher income from speaking engagements, while operating results remained in loss territory. The company highligh...
Astroscale Books Large Forex Gains on Year-End Currency Revaluation
Jun 12, 2026
Astroscale Holdings Inc. reported a significant foreign exchange gain for the three months ended April 30, 2026, driven by fluctuations in currency markets. The gain largely stemmed from revaluing foreign currency cash, cash equivalents and loans ...
Astroscale flags risks and translation limits in FY2026 results presentation
Jun 12, 2026
Astroscale Holdings Inc. released an English-language financial results presentation for its fiscal year 2026, accompanied by an extensive disclaimer emphasizing the use of forward-looking statements. The company cautioned that actual results coul...
Astroscale Narrows Losses as Revenue Jumps but Expects Continued Red Ink
Jun 12, 2026
Astroscale Holdings reported a sharp increase in project income to ¥11.5 billion and revenue to ¥5.94 billion for the fiscal year ended April 30, 2026, but remained loss-making with an operating loss of ¥9.98 billion and a net loss ...
Astroscale completes multi-billion yen equity and convertible bond financing
Jun 5, 2026
Astroscale Holdings Inc. has completed payment for the issuance of new common shares via a third-party allotment to Hulic Co., Ltd. and SKY Perfect JSAT Corporation, increasing its capital stock by roughly ¥2.15 billion. The company also clos...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.