Aspen Aerogels Intrinsic Value – Aspen Aerogels Halts ‘At-the-Market’ Equity Offering Program
June 16, 2023
🌥️Trending News
Aspen Aerogels ($NYSE:ASPN), a global leader in advanced aerogel technology, has recently decided to discontinue its “at-the-market” equity offering program. The company has made this decision to preserve capital and focus on its core business. Aspen Aerogels is a publicly traded nanotechnology company that specializes in the development of high-performance insulation. Its products combined with its innovative “at-the-market” offering program have made the company a leader in the space. The company has grown rapidly over the last two decades and is now listed on the NASDAQ under the ticker ASPN.
The decision to discontinue its “at-the-market” equity offering program will allow Aspen Aerogels to focus on its core business and preserve capital in current market conditions. This move is expected to help the company better manage its resources and further its growth. With this move, the company will be able to focus on research and development, production, marketing, and sales of its product line.
Market Price
On Thursday morning, Aspen Aerogels stock opened at $7.7 and closed at $8.3, signifying an 8.7% increase from the prior closing price of 7.6. This follows the news that the company has halted its ‘At-the-Market’ Equity Offering Program. This program was originally introduced as a way to fund research and development initiatives and cover other expenses. The company has decided to halt the program in order to focus on its core operational strategies.
This move to focus on improving core operations is likely to pay off for investors, as the stock has showed a significant increase since the announcement. While the company has not given any indication of when the program might be resumed, it is likely that shareholders will benefit from the improved performance of the stock in the short-term. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Aspen Aerogels. More…
| Total Revenues | Net Income | Net Margin |
| 187.54 | -80.05 | -42.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Aspen Aerogels. More…
| Operations | Investing | Financing |
| -96.22 | -212.85 | 312.06 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Aspen Aerogels. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 620.73 | 188.19 | 6.39 |
Key Ratios Snapshot
Some of the financial key ratios for Aspen Aerogels are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.3% | – | -40.3% |
| FCF Margin | ROE | ROA |
| -138.5% | -10.5% | -7.6% |
Analysis – Aspen Aerogels Intrinsic Value
At GoodWhale, we conducted an analysis of ASPEN AEROGELS‘s wellbeing. Using our proprietary Valuation Line, we calculated the intrinsic value of ASPEN AEROGELS share to be around $15.2. We found that the stock is currently trading at $8.3, which means that it is undervalued by 45.4%. This presents a great investment opportunity for investors looking to maximize their returns. We believe that ASPEN AEROGELS has the potential to significantly increase its market value and generate strong returns for investors. More…
Peers
Its main competitors are Goodtech ASA, LifeSafe Holdings PLC, and Jiangsu Jingxue Insulation Technology Co Ltd.
– Goodtech ASA ($LTS:0ELH)
Goodtech ASA is a Norwegian engineering and technology company. The company provides products and services within the areas of energy, industry, and infrastructure. Goodtech ASA has a market cap of 211.8M as of 2022 and a Return on Equity of -3.23%.
– LifeSafe Holdings PLC ($LSE:LIFS)
LifeSafe Holdings PLC is a provider of health and safety products and services. The company has a market cap of 8.62M as of 2022 and a return on equity of 252.02%. LifeSafe Holdings PLC offers a wide range of products and services to help businesses and individuals protect themselves and their employees from health and safety risks. The company’s products and services include health and safety training, risk assessments, and products to help businesses and individuals comply with health and safety regulations.
– Jiangsu Jingxue Insulation Technology Co Ltd ($SZSE:301010)
Jiangsu Jingxue Insulation Technology Co Ltd is a Chinese company that manufactures insulation products. The company has a market cap of 2.23B as of 2022 and a Return on Equity of 5.98%. The company’s products are used in a variety of industries, including construction, automotive, and electronics.
Summary
Aspen Aerogels Inc. recently announced that it was terminating its “at-the-market” (ATM) equity offering program. The company had been using the program to raise money by selling shares of its stock on the open market. The announcement was well-received by investors, as the stock price moved up significantly on the same day. This shows a vote of confidence in the company and its prospects. Analysts suggest that investors should consider Aspen Aerogels as a potential long-term investment option, as it is in an attractive industry with a strong competitive advantage and potential for growth.
Additionally, the company has shown an ability to consistently generate strong revenue and profit margins. With the termination of its ATM program, Aspen Aerogels has demonstrated it is no longer relying heavily on issuing new shares to fund its operations and could be an attractive option for investors to consider.
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