ALBANY INTL CORP-CL A (AIN) Stock Fundamental Analysis
USA - NYSE:AIN - US0123481089 - Common Stock
57.34 USD
-0.66 (-1.14%)
57.34 USD
0 (0%)
We assign a fundamental rating of 5 out of 10 to AIN. AIN was compared to 130 industry peers in the Machinery industry. While AIN has a great health rating, its profitability is only average at the moment. AIN has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
In the past year AIN was profitable.
AIN had a positive operating cash flow in the past year.
Each year in the past 5 years AIN has been profitable.
In the past 5 years AIN always reported a positive cash flow from operatings.
1.2 Ratios
AIN has a Return On Assets of 3.61%. This is comparable to the rest of the industry: AIN outperforms 48.46% of its industry peers.
AIN has a Return On Equity of 7.00%. This is comparable to the rest of the industry: AIN outperforms 45.38% of its industry peers.
The Return On Invested Capital of AIN (5.58%) is comparable to the rest of the industry.
AIN had an Average Return On Invested Capital over the past 3 years of 8.07%. This 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
The Profit Margin of AIN (5.25%) is comparable to the rest of the industry.
In the last couple of years the Profit Margin of AIN has declined.
The Operating Margin of AIN (9.77%) is comparable to the rest of the industry.
AIN's Operating Margin has declined in the last couple of years.
AIN has a Gross Margin of 31.61%. This is comparable to the rest of the industry: AIN outperforms 51.54% of its industry peers.
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), AIN is destroying value.
The number of shares outstanding for AIN has been reduced compared to 1 year ago.
Compared to 5 years ago, AIN has less shares outstanding
The debt/assets ratio for AIN has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 3.40 indicates that AIN is not in any danger for bankruptcy at the moment.
AIN has a Altman-Z score of 3.40. This is comparable to the rest of the industry: AIN outperforms 59.23% of its industry peers.
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.
Looking at the Debt to Equity ratio, with a value of 0.50, AIN is in line with its industry, outperforming 44.62% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.5 | ||
| Debt/FCF | 4.67 | ||
| Altman-Z | 3.4 |
ROIC/WACC0.62
WACC9.05%
2.3 Liquidity
A Current Ratio of 3.51 indicates that AIN has no problem at all paying its short term obligations.
With an excellent Current ratio value of 3.51, AIN belongs to the best of the industry, outperforming 85.38% of the companies in the same industry.
AIN has a Quick Ratio of 2.78. This indicates that AIN is financially healthy and has no problem in meeting its short term obligations.
With an excellent Quick ratio value of 2.78, AIN belongs to the best 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
The earnings per share for AIN have decreased strongly by -33.50% in the last year.
The Earnings Per Share has been decreasing by -5.01% on average over the past years.
The Revenue has decreased by -5.16% in the past year.
The Revenue has been growing slightly by 3.14% on average over the past years.
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.
The Revenue is expected to grow by 0.83% on average over the next years.
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 21.40 indicates a rather expensive valuation of AIN.
Based on the Price/Earnings ratio, AIN is valued a bit cheaper than 64.62% of the companies in the same industry.
AIN is valuated rather cheaply when we compare the Price/Earnings ratio to 27.57, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 16.35, which indicates a correct valuation of AIN.
Based on the Price/Forward Earnings ratio, AIN is valued a bit cheaper than 63.85% of the companies in the same industry.
AIN's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 23.09.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.4 | ||
| Fwd PE | 16.35 |
4.2 Price Multiples
AIN's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. AIN is cheaper than 80.00% of the companies in the same industry.
74.62% of the companies in the same industry are more expensive than AIN, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.77 | ||
| EV/EBITDA | 10.07 |
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
AIN has a Yearly Dividend Yield of 1.91%.
In the last 3 months the price of AIN has falen by -20.61%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
Compared to an average industry Dividend Yield of 1.80, AIN pays a better dividend. On top of this AIN pays more dividend than 83.85% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.32, AIN has a dividend comparable with the average S&P500 company.
| 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 been paying a dividend for at least 10 years, so it has 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
52.92% of the earnings are spent on dividend by AIN. This is a bit on the high side, but may be sustainable.
AIN's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP52.92%
EPS Next 2Y5.2%
EPS Next 3YN/A
57.34
-0.66 (-1.14%)
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 Cap1.69B
Revenue(TTM)1.19B
Net Income(TTM)62.25M
Analysts47.27
Price Target67.66 (18%)
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 | 21.4 | ||
| Fwd PE | 16.35 | ||
| P/S | 1.43 | ||
| P/FCF | 17.77 | ||
| P/OCF | 10.55 | ||
| P/B | 1.9 | ||
| P/tB | 2.54 | ||
| EV/EBITDA | 10.07 |
EPS(TTM)2.68
EY4.67%
EPS(NY)3.51
Fwd EY6.12%
FCF(TTM)3.23
FCFY5.63%
OCF(TTM)5.43
OCFY9.48%
SpS40.19
BVpS30.12
TBVpS22.61
PEG (NY)N/A
PEG (5Y)N/A
Graham Number42.62
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%
ROICexgc growth 3Y-15.21%
ROICexgc 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 | 3.4 |
F-Score3
WACC9.05%
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%