ALBANY INTL CORP-CL A (AIN) Stock Fundamental Analysis
USA - NYSE:AIN - US0123481089 - Common Stock
57.77 USD
+1.61 (+2.87%)
57.77 USD
0 (0%)
AIN gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 130 industry peers in the Machinery industry. AIN has an excellent financial health rating, but there are some minor concerns on its profitability. AIN is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
AIN had positive earnings in the past year.
AIN had a positive operating cash flow in the past year.
Each year in the past 5 years AIN has been profitable.
AIN had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 3.61%, AIN is in line with its industry, outperforming 48.46% of the companies in the same industry.
With a Return On Equity value of 7.00%, AIN perfoms like the industry average, outperforming 45.38% of the companies in the same industry.
AIN's Return On Invested Capital of 5.58% is in line compared to the rest of the industry. AIN outperforms 42.31% of its industry peers.
The Average Return On Invested Capital over the past 3 years for AIN is in line with the industry average of 10.01%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.61% | ||
| ROE | 7% | ||
| ROIC | 5.58% |
ROA(3y)5.73%
ROA(5y)6.24%
ROE(3y)10.65%
ROE(5y)11.52%
ROIC(3y)8.07%
ROIC(5y)8.6%
1.3 Margins
With a Profit Margin value of 5.25%, AIN perfoms like the industry average, outperforming 50.77% of the companies in the same industry.
AIN's Profit Margin has declined in the last couple of years.
AIN has a Operating Margin (9.77%) which is in line with its industry peers.
AIN's Operating Margin has declined in the last couple of years.
With a Gross Margin value of 31.61%, AIN perfoms like the industry average, outperforming 51.54% of the companies in the same industry.
AIN's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 9.77% | ||
| PM (TTM) | 5.25% | ||
| GM | 31.61% |
OM growth 3Y-15.2%
OM growth 5Y-8.79%
PM growth 3Y-17.66%
PM growth 5Y-10.73%
GM growth 3Y-7.1%
GM growth 5Y-2.85%
2. Health
2.1 Basic Checks
AIN has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
AIN has less shares outstanding than it did 1 year ago.
AIN has less shares outstanding than it did 5 years ago.
The debt/assets ratio for AIN has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 3.36 indicates that AIN is not in any danger for bankruptcy at the moment.
With a Altman-Z score value of 3.36, AIN perfoms like the industry average, outperforming 59.23% of the companies in the same industry.
AIN has a debt to FCF ratio of 4.67. This is a neutral value as AIN would need 4.67 years to pay back of all of its debts.
AIN's Debt to FCF ratio of 4.67 is in line compared to the rest of the industry. AIN outperforms 56.15% of its industry peers.
AIN has a Debt/Equity ratio of 0.50. This is a neutral value indicating AIN is somewhat dependend on debt financing.
AIN has a Debt to Equity ratio (0.50) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.5 | ||
| Debt/FCF | 4.67 | ||
| Altman-Z | 3.36 |
ROIC/WACC0.62
WACC9.07%
2.3 Liquidity
A Current Ratio of 3.51 indicates that AIN has no problem at all paying its short term obligations.
AIN has a Current ratio of 3.51. This is amongst the best in the industry. AIN outperforms 85.38% of its industry peers.
A Quick Ratio of 2.78 indicates that AIN has no problem at all paying its short term obligations.
Looking at the Quick ratio, with a value of 2.78, AIN belongs to the top of the industry, outperforming 87.69% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.51 | ||
| Quick Ratio | 2.78 |
3. Growth
3.1 Past
AIN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -33.50%.
Measured over the past years, AIN shows a decrease in Earnings Per Share. The EPS has been decreasing by -5.01% on average per year.
The Revenue has decreased by -5.16% in the past year.
Measured over the past years, AIN shows a small growth in Revenue. The Revenue has been growing by 3.14% on average per year.
EPS 1Y (TTM)-33.5%
EPS 3Y-3.88%
EPS 5Y-5.01%
EPS Q2Q%-35.96%
Revenue 1Y (TTM)-5.16%
Revenue growth 3Y9.82%
Revenue growth 5Y3.14%
Sales Q2Q%-6.2%
3.2 Future
AIN is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 5.20% yearly.
AIN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 0.83% yearly.
EPS Next Y-3.67%
EPS Next 2Y5.2%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-3.11%
Revenue Next 2Y0.48%
Revenue Next 3Y-0.61%
Revenue Next 5Y0.83%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 21.56, AIN is valued on the expensive side.
Based on the Price/Earnings ratio, AIN is valued a bit cheaper than 65.38% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.69. AIN is valued slightly cheaper when compared to this.
The Price/Forward Earnings ratio is 16.47, which indicates a correct valuation of AIN.
Based on the Price/Forward Earnings ratio, AIN is valued a bit cheaper than the industry average as 66.15% of the companies are valued more expensively.
AIN is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 23.18, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.56 | ||
| Fwd PE | 16.47 |
4.2 Price Multiples
80.00% of the companies in the same industry are more expensive than AIN, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, AIN is valued a bit cheaper than the industry average as 73.85% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.9 | ||
| EV/EBITDA | 9.8 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y5.2%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.91%, AIN has a reasonable but not impressive dividend return.
In the last 3 months the price of AIN has falen by -20.02%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
AIN's Dividend Yield is rather good when compared to the industry average which is at 1.80. AIN pays more dividend than 83.85% of the companies in the same industry.
AIN's Dividend Yield is comparable with the S&P500 average which is at 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.91% |
5.2 History
On average, the dividend of AIN grows each year by 7.66%, which is quite nice.
AIN has paid a dividend for at least 10 years, which is a reliable track record.
AIN has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)7.66%
Div Incr Years7
Div Non Decr Years23
5.3 Sustainability
AIN pays out 52.92% of its income as dividend. This is a bit on the high side, but may be sustainable.
The dividend of AIN is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP52.92%
EPS Next 2Y5.2%
EPS Next 3YN/A
57.77
+1.61 (+2.87%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners106.47%
Inst Owner Change-0.07%
Ins Owners0.66%
Ins Owner Change0.87%
Market Cap1.70B
Analysts47.27
Price Target67.66 (17.12%)
Short Float %2.82%
Short Ratio2.65
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.91% |
Yearly Dividend1.04
Dividend Growth(5Y)7.66%
DP52.92%
Div Incr Years7
Div Non Decr Years23
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-3.63%
Min EPS beat(2)-23.22%
Max EPS beat(2)15.95%
EPS beat(4)2
Avg EPS beat(4)4.8%
Min EPS beat(4)-23.22%
Max EPS beat(4)39.45%
EPS beat(8)5
Avg EPS beat(8)9.35%
EPS beat(12)8
Avg EPS beat(12)10.31%
EPS beat(16)12
Avg EPS beat(16)13.55%
Revenue beat(2)1
Avg Revenue beat(2)-1%
Min Revenue beat(2)-3.05%
Max Revenue beat(2)1.04%
Revenue beat(4)1
Avg Revenue beat(4)-2.26%
Min Revenue beat(4)-5.14%
Max Revenue beat(4)1.04%
Revenue beat(8)4
Avg Revenue beat(8)0.72%
Revenue beat(12)8
Avg Revenue beat(12)2.43%
Revenue beat(16)12
Avg Revenue beat(16)3.32%
PT rev (1m)0%
PT rev (3m)-7.01%
EPS NQ rev (1m)-1.98%
EPS NQ rev (3m)-1.69%
EPS NY rev (1m)0%
EPS NY rev (3m)-5.89%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.42%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.3%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.56 | ||
| Fwd PE | 16.47 | ||
| P/S | 1.44 | ||
| P/FCF | 17.9 | ||
| P/OCF | 10.63 | ||
| P/B | 1.92 | ||
| P/tB | 2.56 | ||
| EV/EBITDA | 9.8 |
EPS(TTM)2.68
EY4.64%
EPS(NY)3.51
Fwd EY6.07%
FCF(TTM)3.23
FCFY5.59%
OCF(TTM)5.43
OCFY9.41%
SpS40.19
BVpS30.12
TBVpS22.61
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.61% | ||
| ROE | 7% | ||
| ROCE | 7.71% | ||
| ROIC | 5.58% | ||
| ROICexc | 6.01% | ||
| ROICexgc | 7.14% | ||
| OM | 9.77% | ||
| PM (TTM) | 5.25% | ||
| GM | 31.61% | ||
| FCFM | 8.03% |
ROA(3y)5.73%
ROA(5y)6.24%
ROE(3y)10.65%
ROE(5y)11.52%
ROIC(3y)8.07%
ROIC(5y)8.6%
ROICexc(3y)9.38%
ROICexc(5y)10.33%
ROICexgc(3y)11.32%
ROICexgc(5y)12.76%
ROCE(3y)11.15%
ROCE(5y)11.88%
ROICexcg growth 3Y-15.21%
ROICexcg growth 5Y-10.69%
ROICexc growth 3Y-13.54%
ROICexc growth 5Y-9.51%
OM growth 3Y-15.2%
OM growth 5Y-8.79%
PM growth 3Y-17.66%
PM growth 5Y-10.73%
GM growth 3Y-7.1%
GM growth 5Y-2.85%
F-Score3
Asset Turnover0.69
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.5 | ||
| Debt/FCF | 4.67 | ||
| Debt/EBITDA | 2.19 | ||
| Cap/Depr | 74.26% | ||
| Cap/Sales | 5.49% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 78.77% | ||
| Profit Quality | 152.95% | ||
| Current Ratio | 3.51 | ||
| Quick Ratio | 2.78 | ||
| Altman-Z | 3.36 |
F-Score3
WACC9.07%
ROIC/WACC0.62
Cap/Depr(3y)113.45%
Cap/Depr(5y)94.21%
Cap/Sales(3y)7.75%
Cap/Sales(5y)6.75%
Profit Quality(3y)82.39%
Profit Quality(5y)96.94%
High Growth Momentum
Growth
EPS 1Y (TTM)-33.5%
EPS 3Y-3.88%
EPS 5Y-5.01%
EPS Q2Q%-35.96%
EPS Next Y-3.67%
EPS Next 2Y5.2%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-5.16%
Revenue growth 3Y9.82%
Revenue growth 5Y3.14%
Sales Q2Q%-6.2%
Revenue Next Year-3.11%
Revenue Next 2Y0.48%
Revenue Next 3Y-0.61%
Revenue Next 5Y0.83%
EBIT growth 1Y-31.15%
EBIT growth 3Y-6.88%
EBIT growth 5Y-5.92%
EBIT Next Year59.67%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y861.65%
FCF growth 3Y-5.73%
FCF growth 5Y0.72%
OCF growth 1Y52.36%
OCF growth 3Y0.14%
OCF growth 5Y1.74%