Astralis A/S (ASTRLS.CO)

Astralis A/S (ASTRLS.CO) — VMCI valuation read

Headline read on ASTRLS.CO: VMCI of 45/100 versus a Communication Services sector median of 50. The 5-point below-median position is what makes Astralis A/S a relative-value laggard in the mid-cap cohort, before any pillar-level review.

Form 4 filings on ASTRLS.CO: zero in the trailing 30 days. The absence of insider transactions is itself a data point, just a low-information one. The thesis runs on financials and price action until that changes.

**Investor frame.** Three reads on ASTRLS.CO: value (ASTRLS.CO trades at 25.0x earnings, 39% above the Communication Services median of 18.0x), quality (ROIC of 19.0% sits 9.0pp above the Communication Services median (10.0%)), and risk (net debt to EBITDA of 1.3x leaves covenant headroom). The value read also implies an EV/EBITDA gap of +4.0x against the Communication Services 12.0x baseline.

ASTRLS.CO rose 1.1% over the trailing 7 days, with a +7.1% read on a 30-day basis.