| Valuation method | Value, ¥ | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 886.30 | 23 |
| Intrinsic value (DCF) | 432.01 | -40 |
| Graham-Dodd Method | 111.94 | -84 |
| Graham Formula | 674.22 | -6 |
ASO International, Inc. is a specialized orthodontics company based in Tokyo, Japan, offering innovative dental solutions since 1982. The company provides a range of advanced orthodontic products and services, including the SYMPHONY IDB system, HARMONY lingual correction system, and AsoAligner, a transparent mouthpiece orthodontic device. ASO International also leverages cutting-edge 3D printing technology with products like the SATT SYSTEMS and HEYGEARS 3D printers, tailored for dental applications. Additionally, the company offers teleconsultation services through AILINE, enhancing accessibility for patients. Operating in the Medical - Instruments & Supplies sector, ASO International is a key player in Japan's orthodontics market, combining technological innovation with patient-centric solutions. With a market capitalization of approximately ¥5.48 billion, the company continues to expand its footprint in digital dentistry and orthodontic care.
ASO International presents a niche investment opportunity in Japan's orthodontics market, characterized by its innovative product portfolio and strong technological integration. The company's revenue of ¥3.54 billion and net income of ¥386 million reflect steady performance, supported by robust operating cash flow of ¥437 million. With no debt and a healthy cash position of ¥1.9 billion, ASO International maintains a solid balance sheet. The beta of 0.504 suggests lower volatility compared to the broader market, appealing to risk-averse investors. However, the company's growth may be constrained by its geographic concentration in Japan and competition from larger global players. The dividend yield, with a payout of ¥27.5 per share, adds income appeal, but investors should monitor the company's ability to scale its digital and 3D printing offerings internationally.
ASO International competes in the orthodontics and digital dentistry space, where its competitive advantage lies in specialized 3D printing solutions and bespoke orthodontic devices. The company's proprietary technologies, such as the SATT SYSTEMS and HEYGEARS 3D printers, differentiate it from traditional orthodontic suppliers. However, ASO International operates in a highly competitive market dominated by global giants like Align Technology and Straumann, which have broader geographic reach and larger R&D budgets. The company's focus on Japan limits its market diversification but allows for deep local expertise and customer relationships. ASO International's teleconsultation service, AILINE, positions it well in the growing digital health segment, though scalability outside Japan remains a challenge. The lack of debt and strong cash reserves provide financial flexibility, but the company must continue innovating to fend off competition from both established players and emerging startups in the orthodontic tech space.