Asterisk (TSE:6522) Intrinsic Value: DCF (Dividends Based): 円 (As of Aug. 16, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:6522 Asterisk Inc TSE:6522
47 GF Score
Price 円2,165.00
GF Value 円422.30
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Asterisk Intrinsic Value: DCF (Dividends Based)?

Asterisk TSE:6522 +13.89% 47 Intrinsic Value: DCF (Dividends Based) is 円 as of Aug. 16, 2026. GuruFocus rates TSE:6522 with a GF Score™ of 47/100 and a GF Value™ of 円422.30 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 255 Hardware companies, Asterisk ranks worse than 392156.47% on this metric.

As of today (2026-08-16), Asterisk's intrinsic value calculated from the Discounted Dividend model is .

Note: Discounted Dividend model is only suitable for companies who have a consistant distribution history. If the company's dividends does not remain steady over a long period, results may not be accurate due to the low consistency. The model is also only suitable for predictable companies (Business Predictability Rank higher than 1-Star) with dividend payments. If the company's Predictability Rank is 1-Star or Not Rated, or if the company does not pay dividend, the data will not be stored into our database.

Asterisk's Predictability Rank is Not Rated. Thus, this page is only used for demonstration purposes and the DCF related results in the screener and portfolio will appear as zero.

Margin of Safety % (DCF Dividends Based) using Discounted Dividend Model for Asterisk is

The historical rank and industry rank for Asterisk's Intrinsic Value: DCF (Dividends Based) or its related term are showing as below:

TSE:6522's Price-to-DCF (Dividends Based) is not ranked *
in the Hardware industry.
Industry Median: 1.4
* Ranked among companies with meaningful Price-to-DCF (Dividends Based) only.

Asterisk  (TSE:6522) Intrinsic Value: DCF (Dividends Based) Explanation

Unlike valuation methods such as Net Current Asset Value, Tangible Book per Share, Graham Number, Median PS Value etc, discounted Dividends model evaluates the companies based on their power of future dividend distribution instead of their assets.


Be Aware

What you need to know about Discounted Dividends model:

1. The Discounted Dividends model evaluates a company based on its future dividends distribution power
2. Dividend growth is taken into account; therefore a company with a higher dividend growth rate is worth more if everything else is the same.
3. Since we are projecting future growth, it is assumed that the company will grow at the same rate as it did during the past 10 years. Therefore this model works better for the companies with consistently steady dividends distributed.
4. The Discounted Dividends model works poorly for inconsistent dividends distributor like high growth companies.
5. Your expected return from the investment is a reasonable discount rate assumption.
6. A larger margin of safety should be required for companies with less dividends distributed.

You can screen for stocks that trade below their Intrinsic Value: DCF (FCF Based) and Intrinsic Value: DCF (Earnings Based) and Intrinsic Value: DCF (Dividends Based) with the GuruFocus All-in-One Screener. Companies with a high Predictability Rank that trade at a discount to their Intrinsic Value: DCF (FCF Based) and Intrinsic Value: DCF (Earnings Based) can be found in the screen of Undervalued Predictable Companies.


Asterisk Intrinsic Value: DCF (Dividends Based) Related Terms


Asterisk Intrinsic Value: DCF (Dividends Based) Historical Data

* Premium members only.

The historical data trend for Asterisk's Intrinsic Value: DCF (Dividends Based) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Asterisk Intrinsic Value: DCF (Dividends Based) Chart

Asterisk Annual Data
Trend Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Intrinsic Value: DCF (Dividends Based)
Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 0.00

Asterisk Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Feb25 May25 Aug25 Nov25 Feb26 May26
Intrinsic Value: DCF (Dividends Based) Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

TSE:6522 vs CSCO, MSI, HPE: Intrinsic Value: DCF (Dividends Based) Comparison

For the Communication Equipment subindustry, Asterisk's Price-to-DCF (Dividends Based), along with its competitors' market caps and Price-to-DCF (Dividends Based) data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Asterisk Price-to-DCF (Dividends Based) vs Hardware Industry

For the Hardware industry and Technology sector, Asterisk's Price-to-DCF (Dividends Based) distribution charts can be found below:

* The bar in red indicates where Asterisk's Price-to-DCF (Dividends Based) falls into.


TSE:6522
47GF Score
Asterisk Inc TSE:6522
Intrinsic Value: DCF (Dividends Based) is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Asterisk Intrinsic Value: DCF (Dividends Based) Calculation

This is the intrinsic value calculated from the Discounted Dividend Model with default parameters. The calculation method is the same as Discounted Cash Flow model except adjusted dividend are used in the calculation instead of free cash flow. This is the default method of calculation with GuruFocus DCF calculator.

Usually a two-stage model is used in calculating the intrinsic value with discounted cash flow model. The first stage is called growth stage; the second is called the terminal stage. In the growth stage the company grows at a faster rate. Because it cannot grow at that rate forever, a lower rate is used for the terminal stage.

GuruFocus DDM calculator is a two-stage model. The default values are defined as:

1. Discount Rate: d = 9%
A reasonable discount rate assumption should be at least the long term average return of the stock market, which can be estimated from risk free rate plus risk premium of stock market. GuruFocus uses 10-Year Treasury Constant Maturity Rate as the risk-free rate and rounded up to the nearest integer. It is updated daily. The current risk-free rate is 2.67%. Please go to Economic Indicators page for more information. Please note that we use the 10-Year Treasury Constant Maturity Rate of the country/region where the company is headquartered. If the data for that country/region is not available, then we will use the 10-Year Treasury Constant Maturity Rate of the United States as default. Then we added a risk premium of 6% to get the estimated discount rate. Some investors use their expected rate of return, which is also reasonable. A typical discount rate can be anywhere between 6% - 20%.

2. Dividend Growth Rate in the growth stage: g1 = %
The Growth Rate in the growth stage is initially set as the default 10-Year Dividend Growth Rate. In cases where the 10-year growth rate is unavailable, it defaults to using the 5-Year Dividend Growth Rate. If both the 10-year and 5-year growth rates are unavailable, the system defaults to the 3-Year Dividend Growth Rate.
However, it's important to note that there is a growth rate range. If the calculated growth rate exceeds 20%, it will be capped at 20%. Conversely, if the calculated growth rate falls below 5%, it will be adjusted to 5% to maintain a reasonable range.
=>

3. Years of Growth Stage: y1 = 10

4. Terminal Growth Rate: g2 = 4%

5. Dividends per Share: adjusted dividends per share = 円.
GuruFocus uses adjusted dividends per share by default to ensure that the valuation reflects the total value of the company, as the actual dividend is only a portion of the total value.

All of the default settings can be changed in the DCF calculator and the results are calculated automatically.

Asterisk's Intrinsic Value: DCF (Dividends Based) for today is calculated as:

Intrinsic Value: DCF (Dividends Based)=Dividends per Share*{[(1+g1)/(1+d)+(1+g1)^2/(1+d)^2+...+(1+g1)^10/(1+d)^10]
+(1+g1)^10/(1+d)^10*[(1+g2)/(1+d)+(1+g2)^2/(1+d)^2+...+(1+g2)^10/(1+d)^10]}

set x = (1+g1)/(1+d) = (1+)/(1+0.09) =
and y = (1+g2)/(1+d) = (1+)/(1+0.09) =

Intrinsic Value: DCF (Dividends Based)=Dividends per Share*{[x+x^2+...+x^10]+x^10*[y+y^2+...+y^10]}
=Dividends per Share*[x*(1-x^10)/(1-x)+x^10*y*(1-y^10)/(1-y)]
=*
=

Margin of Safety % (DCF Dividends Based) = (Intrinsic Value: DCF (Dividends Based)-Current Price) /Intrinsic Value: DCF (Dividends Based)
= ( - 2165.00) /

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Intrinsic Value: DCF (Dividends Based) of 円 mean?
Asterisk (TSE:6522) has a Intrinsic Value: DCF (Dividends Based) of 円 as of Aug. 16, 2026. Intrinsic Value: DCF (Dividends Based) is the stock value based on a two-stage discounted dividend model. View historical data on Asterisk and its competitors. According to the industry distribution chart, Asterisk ranks #999999 out of 255 companies in the Hardware industry.
Is Asterisk's Intrinsic Value: DCF (Dividends Based) too high?
Asterisk's current Intrinsic Value: DCF (Dividends Based) is 円. Based on the distribution chart, Asterisk ranks #999999 out of 255 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Asterisk has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Asterisk's Intrinsic Value: DCF (Dividends Based) compare to CSCO and MSI?
According to the Hardware industry distribution chart, Asterisk ranks #999999 out of 255 companies for Intrinsic Value: DCF (Dividends Based). This places Asterisk in the lower half of its industry. The industry median Intrinsic Value: DCF (Dividends Based) is 1.40. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: DCF (Dividends Based) for a Hardware company?
The median Intrinsic Value: DCF (Dividends Based) among Hardware companies is 1.40, based on 255 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: DCF (Dividends Based) significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: DCF (Dividends Based) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: DCF (Dividends Based) mean?
A high Intrinsic Value: DCF (Dividends Based) can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: DCF (Dividends Based) is the stock value based on a two-stage discounted dividend model. View historical data on Asterisk and its competitors. For the Hardware industry, the median Intrinsic Value: DCF (Dividends Based) is 1.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asterisk's current Intrinsic Value: DCF (Dividends Based) is 円. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asterisk stock overvalued right now?
Based on GuruFocus' analysis, Asterisk (TSE:6522) is currently considered Significantly Overvalued. The stock's GF Value™ is 円422.30, compared to a current price of 円2,165.00 — trading 412.7% above its estimated fair value. The current Intrinsic Value: DCF (Dividends Based) is 円. Asterisk's overall GF Score™ is 47/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: DCF (Dividends Based) calculated?
Intrinsic Value: DCF (Dividends Based) is calculated from a company's financial statements. For Asterisk (TSE:6522), the current Intrinsic Value: DCF (Dividends Based) is 円 as of Aug. 16, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Asterisk (TSE:6522) Overvalued in 2026?

Based on GuruFocus' analysis, Asterisk stock appears to be overvalued. The current stock price of 円2,165.00 is trading 412.7% above its estimated GF Value™ of 円422.30. GuruFocus considers Asterisk to be Significantly Overvalued.

Key valuation signals for TSE:6522:

  • Intrinsic Value: DCF (Dividends Based):
  • GF Value™: 円422.30 vs. price of 円2,165.00 (412.7% above fair value)
  • GF Score™: 47/100 with 5 warning signs

No single metric tells the full story. See the TSE:6522 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Asterisk Business Description

Address 2-2-1 Kikawanishi, AsTech Osaka Building, Yodogawa-ku, Osaka, JPN, 532-0013
Asterisk Inc is predominantly engaged in the manufacturing, development, and sales of RFID readers and barcode scanners that utilize mobile smartphones, as well as the development and sales of management systems that utilize image recognition technologies. The company's reportable segments are AsReader Business, System Integration Business, and Rental Business. The majority of its revenue is generated from the AsReader Business, which develops and sells hardware and software products and offers services that utilize its proprietary image recognition and AI technologies. The various products offered under this segment include barcode readers, RFID readers, image recognition products, wireless communication and infrared products, and others under the brand name AsReader (Asterisk Reader).
47GF Score

Get the complete analysis for TSE:6522

Intrinsic Value: DCF (Dividends Based) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円2,165.00
Price
円422.30
GF Value