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Asetek

0.486

 

DKK

 

-0.92 %

ASTK

NASDAQ Copenhagen

Hardware Manufacturer

Technology

13 following
Compare
-0.92%
-53.09%
-55.97%
-72.15%
-80.83%
-81.02%
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-73.3%

Asetek is a global leader within liquid cooling solutions for high-end PC’s and also produces high-end equipment for SimSports. Asetek was listed on the OBX Oslo Stock Exchange in 2013. Asetek’s liquid cooling of high-end PC’s and eSports enthusiasts is its largest segment. Its sealed loop liquid cooler supports the thermal challenges of the computers and can also be implemented at data centers to provide significant energy savings and recapturing of heat against the air cooling industry norm; however, this segment remains relatively smaller. In 2021 Asetek made its first expansion into the SimSports Gaming market with its high-end SimRacing pedals, designed to create an immersive experience for sim racers. Asetek plans to expand further into the SimRacing value chain with ambitions to release wheelbases, steering wheels, shifters, and other end-user customization options.

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Market cap
191.12M DKK
Turnover
243.52K DKK
Revenue
515.37M
EBIT %
12.31 %
P/E
1.03
Dividend yield-%
-
Coverage
Disclaimer
Latest research

Latest analysis report

Released: 2024-11-15

Financial calendar
7/3
2025

Annual report '24

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Asetek (One-pager): New rights issue announced in connection with Q3 for scale up of sim sports
Research by
Philip Coombes, Rasmus Køjborg

Asetek (One-pager): New rights issue announced in connection with Q3 for scale up of sim sports

Read the latest Asetek One-pager following the Q3 2024 results and announcement of a new planned rights issue in connection with the scale-up of Sim-Sports. Following recent changes to the liquid cooling market, with new Chinese entrants, and a larger client insolvency, Asetek’s renewed mid-term ambitions are for liquid cooling revenues around USD 50m, with an EBITDA margin >25%, and continued development of SimSports revenues to around USD 50m, with a positive (single-digit) EBITDA margin. To reach the scale-up in SimSports Asetek expects financing needs of around USD 20m, as positive cash flows from liquid cooling are not fully sufficient and is the foundation for the rights issue.

Asetek
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