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Astroscale Holdings Inc.
(186A)
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Rating:42Neutral
Price Target:
¥1,130.00
▼(-5.99% Downside)
Action:Reiterated
Date:09/12/26
The score is held down primarily by weak financial performance—deep losses, heavy cash burn, and rising leverage (debt-to-equity ~2.37) that increases funding risk. Technicals also detract as the stock trades below major moving averages with negative MACD, despite oversold readings. Valuation is not supportive because the negative P/E reflects lack of profitability and there is no dividend yield provided.
Positive Factors
Strong Revenue Growth
Revenue has expanded sharply over several years, indicating that Astroscale is progressing from technology development toward larger contracted programs and mission activity. Continued top-line scaling can improve operating leverage over time if the company converts growth into better margins.
Negative Factors
Severely Negative Margins
Astroscale currently converts very little revenue into gross profit while operating and net losses remain exceptionally large. This cost structure leaves limited evidence of sustainable unit economics and means substantial revenue growth is still required before scale can support profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
Revenue has expanded sharply over several years, indicating that Astroscale is progressing from technology development toward larger contracted programs and mission activity. Continued top-line scaling can improve operating leverage over time if the company converts growth into better margins.
Read all positive factors
Astroscale Holdings Inc. (186A) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥167.29B
Dividend YieldN/A
Average Volume (3M)3.71M
Price to Earnings (P/E)―
Beta (1Y)1.24
Revenue Growth69.73%
EPS Growth45.30%
CountryJP
Employees593
SectorGeneral
Sector StrengthN/A
IndustryAerospace & Defense
Share Statistics
EPS (TTM)-62.57
Shares Outstanding142,131,000
10 Day Avg. Volume4,746,800
30 Day Avg. Volume3,708,486
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)¥9.09B
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 makes money primarily by delivering in-orbit servicing missions and related space systems/services to customers such as government agencies and commercial satellite operators. Revenue is generally generated through (1) mission contracts...
Astroscale Holdings Inc. Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
28
Negative
Cash Flow
10
Very Negative
| Breakdown | TTM | Apr 2026 | Apr 2025 | Apr 2025 | Apr 2023 | Apr 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.89B | 5.94B | 2.46B | 2.85B | 1.79B | 910.37M |
| Gross Profit | 60.67M | 19.25M | -4.50B | -2.75B | -5.57B | -1.97B |
| EBITDA | -10.89B | -15.15B | -19.95B | -7.99B | -8.70B | -5.36B |
| Net Income | -8.56B | -6.70B | -21.55B | -9.18B | -9.26B | -5.48B |
Balance Sheet | ||||||
| Total Assets | 57.91B | 32.12B | 33.63B | 24.99B | 30.44B | 20.13B |
| Cash, Cash Equivalents and Short-Term Investments | 34.95B | 10.02B | 21.30B | 14.20B | 22.68B | 16.87B |
| Total Debt | 30.47B | 10.57B | 13.93B | 13.18B | 9.73B | 2.50B |
| Total Liabilities | 45.05B | 24.05B | 27.50B | 19.59B | 15.55B | 6.03B |
| Stockholders Equity | 12.85B | 8.08B | 6.13B | 5.40B | 14.89B | 14.09B |
Cash Flow | ||||||
| Free Cash Flow | -15.35B | -17.84B | -12.83B | -13.91B | -9.47B | -5.98B |
| Operating Cash Flow | -11.06B | -12.49B | -12.25B | -12.82B | -7.94B | -5.50B |
| Investing Cash Flow | -6.37B | -6.93B | -1.04B | -1.18B | -1.63B | -662.66M |
| Financing Cash Flow | 25.97B | 7.24B | 20.82B | 4.15B | 15.23B | 13.79B |
Astroscale Holdings Inc. Technical Analysis
Neutral
1202.00
Price Trends
1142.32
Positive
1355.85
Negative
1206.70
Negative
Market Momentum
18.21
Negative
51.85
Neutral
30.04
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:186A, the sentiment is Neutral. The current price of 1202 is above the 20-day moving average (MA) of 1140.25, above the 50-day MA of 1142.32, and below the 200-day MA of 1206.70, indicating a neutral trend. The MACD of 18.21 indicates Negative momentum. The RSI at 51.85 is Neutral, neither overbought nor oversold. The STOCH value of 30.04 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:186A.
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 | ¥144.23B | 10.42 | ― | 4.26% | 11.40% | 26.49% | |
69 Neutral | ¥113.30B | 21.53 | 30.34% | 0.15% | 54.05% | 121.12% | |
67 Neutral | ¥121.13B | 9.82 | 10.39% | 3.13% | 8.77% | 49.27% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ¥34.25B | 41.73 | ― | ― | 41.15% | 2.82% | |
42 Neutral | ¥167.29B | -18.32 | ― | ― | 69.73% | 45.30% |
* General Sector Average
JP:186A
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Astroscale Holdings Inc. Corporate Events
Astroscale Japan Wins Contract Increase for ISSA-J1 Phase 2
Oct 6, 2026
Astroscale Japan Inc., a consolidated subsidiary of Astroscale Holdings Inc., has secured an increase in the contract value for Phase 2 of the ISSA-J1 mission from the Green Investment Promotion Organization, adding ¥249 million before tax. T...
Astroscale’s U.K. Unit Wins £15 Million Multi-Year Contract From UK Defence Ministry
Sep 29, 2026
Astroscale’s U.K. subsidiary, Astroscale Ltd, has secured a multi-year defense contract with the U.K. Ministry of Defence valued at £15 million, with specific service details undisclosed at the customer’s request. The agreement, s...
Astroscale Books ¥22 Million Forex Gain in First Quarter
Sep 11, 2026
Astroscale Holdings Inc. reported a foreign exchange gain of ¥22 million for the three months ended July 31, 2026, driven mainly by the revaluation of foreign currency cash and cash equivalents and loans receivable from subsidiaries at period...
Astroscale Warns on Risks and Limits of Translated FY2027 Q1 Results
Sep 11, 2026
Astroscale Holdings Inc. released a translated financial results presentation for FY2027 Q1, emphasizing that the document is for informational purposes and derived from an original Japanese version. The company stresses that in cases of discrepan...
Astroscale Widens Quarterly Loss but Targets Strong Project Income Growth
Sep 11, 2026
Astroscale reported consolidated project income of ¥2,024 million and revenue of ¥1,195 million for the three months ended July 31, 2026, both declining year on year, while posting an operating loss of ¥2,750 million and a net loss ...
Astroscale’s French Unit Wins €13.2m Deorbit Contract Under France 2030
Sep 10, 2026
Astroscale France SAS, the French subsidiary of Astroscale Holdings Inc., has secured a €13.2 million contract as subcontractor on a deorbiting demonstration mission led by Exotrail and involving satellite operator Eutelsat. The project, sel...
Astroscale Secures Isar Aerospace Launch for Next-Phase Debris Removal Mission
Sep 1, 2026
Astroscale’s Japanese subsidiary has signed a launch contract with European launch provider Isar Aerospace for the ADRAS-J2 mission, part of JAXA’s Commercial Removal of Debris Demonstration Phase II, scheduled for Japan’s fiscal...
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...
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.