Asti Holdings (SGX:575) Return-on-Tangible-Equity: -4.76% (As of Dec. 2025)

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.
Reviewed by: Charlie Tian Charlie Tian
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.

SGX:575 Asti Holdings Ltd SGX:575
34 GF Score
Price S$0.14
GF Value S$0.01
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Asti Holdings Return-on-Tangible-Equity?

Asti Holdings SGX:575 +12.20% 34 Return-on-Tangible-Equity is -4.76% as of Dec. 2025. GuruFocus rates SGX:575 with a GF Score™ of 34/100 and a GF Value™ of S$0.01 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 987 Semiconductors companies, Asti Holdings ranks worse than 60.69% on this metric.

Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Asti Holdings's annualized net income for the quarter that ended in Dec. 2025 was S$-1.87 Mil. Asti Holdings's average shareholder tangible equity for the quarter that ended in Dec. 2025 was S$39.35 Mil. Therefore, Asti Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was -4.76%.

The historical rank and industry rank for Asti Holdings's Return-on-Tangible-Equity or its related term are showing as below:

SGX:575' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -35.51   Med: 1.9   Max: 41.55
Current: 2.13

During the past 13 years, Asti Holdings's highest Return-on-Tangible-Equity was 41.55%. The lowest was -35.51%. And the median was 1.90%.

SGX:575's Return-on-Tangible-Equity is ranked worse than
60.69% of 987 companies
in the Semiconductors industry
Industry Median: 5.72 vs SGX:575: 2.13

Asti Holdings  (SGX:575) Return-on-Tangible-Equity Explanation

Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.


Be Aware

Net Income is used.

Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.


Asti Holdings Return-on-Tangible-Equity Related Terms


Asti Holdings Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for Asti Holdings's Return-on-Tangible-Equity 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.

Asti Holdings Return-on-Tangible-Equity Chart

Asti Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only -17.75 8.80 -7.13 -35.51 2.10

Asti Holdings Quarterly Data
Mar19 Jun19 Sep19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
Return-on-Tangible-Equity 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 -124.11 0.38 6.77 6.27 -4.76

SGX:575 vs AMAT, LRCX, KLAC: Return-on-Tangible-Equity Comparison

For the Semiconductor Equipment & Materials subindustry, Asti Holdings's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.


Asti Holdings Return-on-Tangible-Equity vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Asti Holdings's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Asti Holdings's Return-on-Tangible-Equity falls into.


SGX:575
34GF Score
Asti Holdings Ltd SGX:575
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Asti Holdings Return-on-Tangible-Equity Calculation

Asti Holdings's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=0.835/( (39.847+39.6 )/ 2 )
=0.835/39.7235
=2.10 %

Asti Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Dec. 2025 )  (Q: Sep. 2025 )(Q: Dec. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Dec. 2025 )  (Q: Sep. 2025 )(Q: Dec. 2025 )
=-1.872/( (39.093+39.6)/ 2 )
=-1.872/39.3465
=-4.76 %

* 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.

In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Dec. 2025) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.

What does a Return-on-Tangible-Equity of -4.76% mean?
Asti Holdings (SGX:575) has a Return-on-Tangible-Equity of -4.76% as of Dec. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Asti Holdings and its competitors. According to the industry distribution chart, Asti Holdings ranks #599 out of 987 companies in the Semiconductors industry, placing it in the top 60.7%.
Is Asti Holdings' Return-on-Tangible-Equity too high?
Asti Holdings' current Return-on-Tangible-Equity is -4.76%. Based on the distribution chart, Asti Holdings ranks #599 out of 987 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Asti Holdings has a GF Score™ of 34/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Asti Holdings' Return-on-Tangible-Equity compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, Asti Holdings ranks #599 out of 987 companies for Return-on-Tangible-Equity. This places Asti Holdings in the lower half of its industry. The industry median Return-on-Tangible-Equity is 5.72. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Equity for a Semiconductors company?
The median Return-on-Tangible-Equity among Semiconductors companies is 5.72, based on 987 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity 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 Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Asti Holdings and its competitors. For the Semiconductors industry, the median Return-on-Tangible-Equity is 5.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asti Holdings's current Return-on-Tangible-Equity is -4.76%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asti Holdings stock overvalued right now?
Based on GuruFocus' analysis, Asti Holdings (SGX:575) is currently considered Significantly Overvalued. The stock's GF Value™ is S$0.01, compared to a current price of S$0.14 — trading 1280% above its estimated fair value. The current Return-on-Tangible-Equity is -4.76%. Asti Holdings' overall GF Score™ is 34/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Asti Holdings (SGX:575), the current Return-on-Tangible-Equity is -4.76% as of Dec. 2025. 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 Asti Holdings (SGX:575) Overvalued in 2026?

Based on GuruFocus' analysis, Asti Holdings stock appears to be overvalued. The current stock price of S$0.14 is trading 1280% above its estimated GF Value™ of S$0.01. GuruFocus considers Asti Holdings to be Significantly Overvalued.

Key valuation signals for SGX:575:

  • Return-on-Tangible-Equity: -4.76%
  • GF Value™: S$0.01 vs. price of S$0.14 (1280% above fair value)
  • GF Score™: 34/100 with 4 warning signs

No single metric tells the full story. See the SGX:575 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Asti Holdings Business Description

Address 33 Ubi Avenue 3, Number 06-72 Vertex, Singapore, SGP, 408868
Asti Holdings Ltd is an investment holding company. The Group focuses on high-growth opportunities in the semiconductor and modern technology sectors and owns one of the world's vast Semiconductor Manufacturing Services Providers, serving world-wide OEMs, contract manufacturers, and component distributors with Tape & Reel packaging, tape making, and IC programming services.
34GF Score

Get the complete analysis for SGX:575

Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

S$0.14
Price
S$0.01
GF Value