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Institutional distribution: ownership decreased -1.23% quarter-over-quarter.
Data as of Q1 2026
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Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
Solve the discounted cash flow backwards, then stress-test the assumptions.
This company doesn't have positive free cash flow, so a reverse DCF can't be run.
Top 26 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
EOD close · as of 2026-09-17
How a revenue dollar becomes profit — FY2025
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $77K 100.0% | $42K 100.0% | $458K 100.0% | $1.2M 100.0% | $608K 100.0% | $67K 100.0% | $638K 100.0% | $862K 100.0% | $642K 100.0% | $1.7M 100.0% |
| Cost of Products | — | — | — | — | — | — | — | $1.0M 117.8% | $2.8M 438.3% | — |
| Research & Development | $2.4M 3182.4% | $2.3M 5492.4% | $3.2M 703.2% | $6.0M 488.7% | $4.1M 681.2% | $1.2M 1749.2% | $1.3M 205.4% | $2.8M 324.0% | $4.8M 750.7% | $6.6M 379.3% |
| Selling, General & Admin | $4.1M 5337.8% | $4.5M 10756.8% | $5.4M 1170.6% | $4.7M 387.4% | $3.3M 542.6% | $1.0M 1545.8% | $1.8M 289.3% | $3.2M 376.2% | $5.6M 871.7% | $10.3M 589.7% |
| Total Operating Expenses | $8.0M 10356.7% | $8.6M 20478.5% | $16.1M 3513.6% | $18.3M 1494.8% | $9.4M 1546.3% | $2.5M 3784.8% | $3.9M 609.6% | $7.4M 861.8% | $14.8M 2303.1% | $26.4M 1509.5% |
| Operating Income | -$7.9M -10256.7% | -$8.5M -20378.5% | -$15.6M -3413.6% | -$17.1M -1394.8% | -$8.8M -1446.3% | -$2.5M -3684.8% | -$3.3M -509.6% | -$6.6M -761.8% | -$14.1M -2203.1% | -$24.6M -1409.5% |
| Interest Expense | — | — | — | — | $476K 78.3% | $438K 657.6% | $2.1M 330.1% | — | — | — |
| Interest & Investment Income | $61K 78.9% | $88K 211.0% | — | — | — | — | — | — | — | — |
| Other Income (Expense), net | $42K 55.3% | -$590K -1409.4% | -$1.4M -311.3% | -$2.7M -218.5% | $2.8M 459.1% | $4.1M 6112.9% | -$1.6M -253.0% | -$9.5M -1097.7% | -$4.4M -687.0% | -$14.2M -813.9% |
| Income Tax Expense | $0 0.0% | — | — | — | — | — | — | — | — | — |
| Net Income | -$7.9M -10288.4% | -$9.2M -21873.8% | -$17.1M -3724.9% | -$19.8M -1615.5% | -$6.0M -987.2% | $1.6M 2428.1% | -$4.9M -762.6% | -$16.0M -1859.5% | -$18.6M -2890.2% | -$38.9M -2223.4% |
| Per Share | ||||||||||
| EPS (Basic) | $-3.09 | $-10.38 | $-3419.00 | $-132.00 | $-1.54 | $1.15 | — | — | — | — |
| EPS (Diluted) | $-3.09 | $-10.38 | $-3419.00 | $-132.00 | $-1.54 | $0.32 | — | — | — | — |
| Weighted Avg Shares (Basic) | 2.6M | 883K | 10K | 149K | 3.9M | 1.4M | 1.54B | — | — | — |
| Weighted Avg Shares (Diluted) | 2.6M | 883K | 10K | 149K | 3.9M | 3.7M | 1.54B | — | — | — |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
3/7 of the 9 checks — 2 couldn't be scored (see above), so the score is out of the 7 with data.
Safe > 2.99 · grey 1.81–2.99 · distress < 1.81
Needs granular two-year detail (receivables, PP&E, D&A, SG&A) — not fully reported.
Cash-conversion data unavailable. Lower/negative accruals = higher quality (Sloan).
Coverage data unavailable.
F-Score (0–9 fundamental momentum), Altman Z (distress risk), and Beneish M (earnings-manipulation screen) are academic models computed from the SEC filings. Screens and context — educational, not recommendations.
What the company returns to shareholders — and whether it's covered by cash.
No dividend to cover. Last year: $0 dividends + $0 buybacks = $0 returned on -$7M FCF.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A reinvestment story — most cash went back into growth rather than to shareholders.
Reinvestment has been productive — operating income grew well per dollar put in. Current ROIC on all capital: -235%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $3M covers the $177418 due within a year 15.7× over. Scheduled principal only (excludes interest & revolver draws). As of 2019-06-30 (10-Q).
Insufficient EBITDA/debt history.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest. Interest last disclosed in FY2021 (no longer broken out).
Cash vs short-term debt unavailable.
Short-term / long-term split not separately reported.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
EOD close · as of 2026-09-17
No standout strengths flagged.
Where each multiple sits in its own 4-yr range · 42th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 4-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
Watch the leverage lever — a chunk of ROE comes from the balance sheet.
What the company owes vs. what it holds
Year-by-year maturities aren't in SEC companyfacts (footnote-only), so this shows the debt/cash structure and net leverage instead.
Latest year: profit growth vs revenue growth
Profit and sales moved in opposite directions this year.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| R&D | 324.0 | 205.4 | 1749.2 | 681.2 | 488.7 | 703.2 | 5492.4 | 3182.4 |
| SG&A | 376.2 | 289.3 | 1545.8 | 542.6 | 387.4 | 1170.6 | 10756.8 | 5337.8 |
| Operating Income | -761.8 | -509.6 | -3684.8 | -1446.3 | -1394.8 | -3413.6 | -20378.5 | -10256.7 |
| Income Tax | — | — | — | — | — | — | — | 0.0 |
| Net Income | -1859.5 | -762.6 | 2428.1 | -987.2 | -1615.5 | -3724.9 | -21873.8 | -10288.4 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on ASTI: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
Ranked against 238 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-03-31.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| XOM | $682.3B | 24.4× | — | 2.0× | -5.0% | — | 8.7% | 11.1% | 10.7% | — | 4,568 |
| SHEL | $545.2B | — | — | — | — | — | — | — | — | — | 1,521 |
| CVX | $391.2B | 31.9× | — | 2.1× | -6.8% | 42.8% | 6.5% | 6.6% | 6.6% | — | 4,121 |
| TTE | $202.1B | — | — | — | — | — | — | — | — | — | 951 |
| COP | $166.8B | 21.0× | — | 2.8× | 7.7% | 62.1% | 13.6% | 12.4% | 12.2% | — | 2,450 |
| PBR | $155.8B | — | — | — | — | — | — | — | — | — | 524 |
| MPC | $128.7B | 31.9× | 11.0× | 1.0× | -4.4% | 10.0% | 3.0% | 23.4% | 20.6% | 0.2× | 1,802 |
| VLO | $127.5B | 54.5× | 24.1× | 1.0× | -5.5% | 4.4% | 1.9% | 9.9% | 7.1% | 1.7× | 1,781 |
| BP | $117.0B | — | — | — | — | — | — | — | — | — | 1,220 |
| PSX | $111.3B | 25.4× | — | 0.8× | -7.5% | 12.3% | 3.3% | 15.1% | 14.6% | — | 2,041 |
| EQNR | $110.8B | — | — | — | — | — | — | — | — | — | 398 |
| WMB | $87.7B | 33.6× | 17.8× | 7.3× | 13.8% | — | 21.9% | 20.4% | 6.3% | 4.4× | 1,736 |
| EPD | $84.1B | — | 12.6× | 1.6× | -6.4% | 26.7% | 11.0% | — | — | 3.7× | 1,573 |
| EOG | $79.0B | 15.9× | 7.7× | 3.5× | -4.5% | — | 22.0% | 16.7% | 13.2% | 0.7× | 1,525 |
| SLB | $77.9B | 22.2× | — | 2.2× | -1.6% | — | 9.4% | 12.9% | 9.4% | — | 1,624 |
| ET | $72.5B | — | 9.8× | 0.8× | 3.5% | 25.8% | 5.2% | 9.0% | 3.8% | 4.8× | 1,244 |
| KMI | $69.7B | 22.9× | 14.2× | 4.1× | 12.2% | — | 18.0% | 9.8% | 4.8% | 4.5× | 1,745 |
| TRGP | $61.2B | 33.6× | 16.2× | 3.6× | 3.9% | 38.3% | 11.3% | 62.7% | 9.4% | 3.6× | 979 |
| TS | $60.6B | — | — | — | — | — | — | — | — | — | 248 |
| MPLX | $59.4B | — | — | 4.6× | 8.9% | — | 38.1% | — | — | — | 622 |
| LNG | $59.3B | 11.2× | 7.8× | 3.0× | 27.2% | — | 26.7% | 67.3% | 17.3% | 2.2× | 1,303 |
| OKE | $58.7B | 17.2× | 12.4× | 1.8× | 55.0% | 30.5% | 10.1% | 15.1% | 6.3% | 4.4× | 1,622 |
| OXY | $58.5B | 36.8× | — | 2.7× | -1.9% | — | 11.0% | 6.6% | 4.2% | — | 1,250 |
| BKR | $56.2B | — | — | 2.0× | -0.3% | — | 9.3% | 13.7% | 13.3% | — | 1,095 |
| FANG | $56.0B | 34.4× | 11.2× | 3.7× | 35.8% | — | 11.1% | 4.5% | 3.2% | 2.3× | 1,141 |
| ASTI | $13M | — | — | 170.6× | 83.3% | — | -10202% | -235% | -235% | — | 26 |
Peers = companies sharing ASTI's sector (Energy) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.