ALTA EQUIPMENT GROUP INC (ALTG) Stock Fundamental Analysis
USA - NYSE:ALTG - US02128L1061 - Common Stock
6.55 USD
-0.08 (-1.21%)
6.55 USD
0 (0%)
Taking everything into account, ALTG scores 2 out of 10 in our fundamental rating. ALTG was compared to 49 industry peers in the Trading Companies & Distributors industry. ALTG may be in some trouble as it scores bad on both profitability and health. ALTG does not seem to be growing, but still is valued expensively.
1. Profitability
1.1 Basic Checks
ALTG had negative earnings in the past year.
ALTG had a positive operating cash flow in the past year.
In multiple years ALTG reported negative net income over the last 5 years.
Of the past 5 years ALTG 4 years had a positive operating cash flow.
1.2 Ratios
ALTG's Return On Assets of -4.76% is on the low side compared to the rest of the industry. ALTG is outperformed by 83.67% of its industry peers.
Looking at the Return On Equity, with a value of -155.58%, ALTG is doing worse than 91.84% of the companies in the same industry.
ALTG has a worse Return On Invested Capital (1.43%) than 73.47% of its industry peers.
ALTG had an Average Return On Invested Capital over the past 3 years of 2.46%. This is significantly below the industry average of 10.04%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -4.76% | ||
| ROE | -155.58% | ||
| ROIC | 1.43% |
ROA(3y)-1.18%
ROA(5y)-1.83%
ROE(3y)-25.15%
ROE(5y)-21.62%
ROIC(3y)2.46%
ROIC(5y)N/A
1.3 Margins
ALTG's Operating Margin of 1.21% is on the low side compared to the rest of the industry. ALTG is outperformed by 73.47% of its industry peers.
ALTG's Operating Margin has declined in the last couple of years.
ALTG has a worse Gross Margin (25.84%) than 61.22% of its industry peers.
In the last couple of years the Gross Margin of ALTG has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 1.21% | ||
| PM (TTM) | N/A | ||
| GM | 25.84% |
OM growth 3Y-12.59%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.49%
GM growth 5YN/A
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), ALTG is destroying value.
Compared to 1 year ago, ALTG has less shares outstanding
The number of shares outstanding for ALTG has been increased compared to 5 years ago.
ALTG has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.43, we must say that ALTG is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 1.43, ALTG is not doing good in the industry: 69.39% of the companies in the same industry are doing better.
The Debt to FCF ratio of ALTG is 81.33, which is on the high side as it means it would take ALTG, 81.33 years of fcf income to pay off all of its debts.
ALTG has a Debt to FCF ratio (81.33) which is in line with its industry peers.
ALTG has a Debt/Equity ratio of 24.20. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 24.20, ALTG is not doing good in the industry: 95.92% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 24.2 | ||
| Debt/FCF | 81.33 | ||
| Altman-Z | 1.43 |
ROIC/WACC0.2
WACC7.26%
2.3 Liquidity
ALTG has a Current Ratio of 1.39. This is a normal value and indicates that ALTG is financially healthy and should not expect problems in meeting its short term obligations.
ALTG has a worse Current ratio (1.39) than 71.43% of its industry peers.
ALTG has a Quick Ratio of 1.39. This is a bad value and indicates that ALTG is not financially healthy enough and could expect problems in meeting its short term obligations.
ALTG's Quick ratio of 0.48 is on the low side compared to the rest of the industry. ALTG is outperformed by 79.59% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.39 | ||
| Quick Ratio | 0.48 |
3. Growth
3.1 Past
The earnings per share for ALTG have decreased strongly by -242.19% in the last year.
Looking at the last year, ALTG shows a decrease in Revenue. The Revenue has decreased by -3.46% in the last year.
The Revenue has been growing by 15.66% on average over the past years. This is quite good.
EPS 1Y (TTM)-242.19%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%10.53%
Revenue 1Y (TTM)-3.46%
Revenue growth 3Y15.66%
Revenue growth 5YN/A
Sales Q2Q%-1.41%
3.2 Future
Based on estimates for the next years, ALTG will show a very strong growth in Earnings Per Share. The EPS will grow by 21.33% on average per year.
Based on estimates for the next years, ALTG will show a small growth in Revenue. The Revenue will grow by 2.92% on average per year.
EPS Next Y24.8%
EPS Next 2Y20.64%
EPS Next 3Y20.75%
EPS Next 5Y21.33%
Revenue Next Year0%
Revenue Next 2Y1.62%
Revenue Next 3Y2.68%
Revenue Next 5Y2.92%
3.3 Evolution
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
The Price/Earnings Ratio is negative for ALTG. In the last year negative earnings were reported.
Also next year ALTG is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A |
4.2 Price Multiples
ALTG's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. ALTG is cheaper than 95.92% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, ALTG is valued a bit cheaper than the industry average as 79.59% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.9 | ||
| EV/EBITDA | 5.83 |
4.3 Compensation for Growth
A more expensive valuation may be justified as ALTG's earnings are expected to grow with 20.75% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y20.64%
EPS Next 3Y20.75%
5. Dividend
5.1 Amount
ALTG has a Yearly Dividend Yield of 3.44%. Purely for dividend investing, there may be better candidates out there.
In the last 3 months the price of ALTG has falen by -21.65%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
ALTG's Dividend Yield is rather good when compared to the industry average which is at 1.80. ALTG pays more dividend than 95.92% of the companies in the same industry.
ALTG's Dividend Yield is a higher than the S&P500 average which is at 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.44% |
5.2 History
ALTG has paid a dividend for less than 5 years, so there is no long track record yet.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years2
5.3 Sustainability
ALTG has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-15.81%
EPS Next 2Y20.64%
EPS Next 3Y20.75%
6.55
-0.08 (-1.21%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryTrading Companies & Distributors
Earnings (Last)
Earnings (Next)
Inst Owners54.27%
Inst Owner Change0.02%
Ins Owners21.22%
Ins Owner Change0.86%
Market Cap209.93M
Revenue(TTM)1.85B
Net Income(TTM)-68300000
Analysts80
Price Target11.61 (77.25%)
Short Float %4.81%
Short Ratio4.39
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.44% |
Yearly Dividend0.34
Dividend Growth(5Y)N/A
DP-15.81%
Div Incr Years0
Div Non Decr Years2
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-16.54%
Min EPS beat(2)-30.72%
Max EPS beat(2)-2.37%
EPS beat(4)0
Avg EPS beat(4)-75.43%
Min EPS beat(4)-255%
Max EPS beat(4)-2.37%
EPS beat(8)1
Avg EPS beat(8)-69.56%
EPS beat(12)3
Avg EPS beat(12)-56.7%
EPS beat(16)5
Avg EPS beat(16)6.62%
Revenue beat(2)0
Avg Revenue beat(2)-3.17%
Min Revenue beat(2)-4.91%
Max Revenue beat(2)-1.43%
Revenue beat(4)1
Avg Revenue beat(4)-3.52%
Min Revenue beat(4)-8.31%
Max Revenue beat(4)0.59%
Revenue beat(8)3
Avg Revenue beat(8)-1.47%
Revenue beat(12)6
Avg Revenue beat(12)-0.1%
Revenue beat(16)10
Avg Revenue beat(16)1.85%
PT rev (1m)0%
PT rev (3m)8.75%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)-3.03%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.99%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.58%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | 0.11 | ||
| P/FCF | 15.9 | ||
| P/OCF | 2.81 | ||
| P/B | 4.78 | ||
| P/tB | N/A | ||
| EV/EBITDA | 5.83 |
EPS(TTM)-2.19
EYN/A
EPS(NY)-1.07
Fwd EYN/A
FCF(TTM)0.41
FCFY6.29%
OCF(TTM)2.33
OCFY35.54%
SpS57.76
BVpS1.37
TBVpS-2.65
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -4.76% | ||
| ROE | -155.58% | ||
| ROCE | 2.48% | ||
| ROIC | 1.43% | ||
| ROICexc | 1.45% | ||
| ROICexgc | 1.62% | ||
| OM | 1.21% | ||
| PM (TTM) | N/A | ||
| GM | 25.84% | ||
| FCFM | 0.71% |
ROA(3y)-1.18%
ROA(5y)-1.83%
ROE(3y)-25.15%
ROE(5y)-21.62%
ROIC(3y)2.46%
ROIC(5y)N/A
ROICexc(3y)2.49%
ROICexc(5y)N/A
ROICexgc(3y)2.81%
ROICexgc(5y)N/A
ROCE(3y)4.28%
ROCE(5y)N/A
ROICexgc growth 3Y-12.75%
ROICexgc growth 5YN/A
ROICexc growth 3Y-12.74%
ROICexc growth 5YN/A
OM growth 3Y-12.59%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.49%
GM growth 5YN/A
F-Score5
Asset Turnover1.29
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 24.2 | ||
| Debt/FCF | 81.33 | ||
| Debt/EBITDA | 6.56 | ||
| Cap/Depr | 44.01% | ||
| Cap/Sales | 3.32% | ||
| Interest Coverage | 0.26 | ||
| Cash Conversion | 46.08% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.39 | ||
| Quick Ratio | 0.48 | ||
| Altman-Z | 1.43 |
F-Score5
WACC7.26%
ROIC/WACC0.2
Cap/Depr(3y)58.62%
Cap/Depr(5y)58.33%
Cap/Sales(3y)4.26%
Cap/Sales(5y)4.47%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-242.19%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%10.53%
EPS Next Y24.8%
EPS Next 2Y20.64%
EPS Next 3Y20.75%
EPS Next 5Y21.33%
Revenue 1Y (TTM)-3.46%
Revenue growth 3Y15.66%
Revenue growth 5YN/A
Sales Q2Q%-1.41%
Revenue Next Year0%
Revenue Next 2Y1.62%
Revenue Next 3Y2.68%
Revenue Next 5Y2.92%
EBIT growth 1Y-36.9%
EBIT growth 3Y1.1%
EBIT growth 5YN/A
EBIT Next Year534.55%
EBIT Next 3Y88.49%
EBIT Next 5Y54.05%
FCF growth 1Y114.41%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y766.07%
OCF growth 3Y22.91%
OCF growth 5YN/A
ALTA EQUIPMENT GROUP INC / ALTG FAQ
What is the fundamental rating for ALTG stock?
ChartMill assigns a fundamental rating of 2 / 10 to ALTG.
Can you provide the valuation status for ALTA EQUIPMENT GROUP INC?
ChartMill assigns a valuation rating of 2 / 10 to ALTA EQUIPMENT GROUP INC (ALTG). This can be considered as Overvalued.
What is the profitability of ALTG stock?
ALTA EQUIPMENT GROUP INC (ALTG) has a profitability rating of 1 / 10.
Can you provide the expected EPS growth for ALTG stock?
The Earnings per Share (EPS) of ALTA EQUIPMENT GROUP INC (ALTG) is expected to grow by 24.8% in the next year.