ALTA EQUIPMENT GROUP INC (ALTG) Stock Fundamental Analysis
NYSE:ALTG - US02128L1061 - Common Stock
8.34 USD
+0.13 (+1.58%)
8.34 USD
0 (0%)
Overall ALTG gets a fundamental rating of 2 out of 10. We evaluated ALTG against 50 industry peers in the Trading Companies & Distributors industry. ALTG has a bad profitability rating. Also its financial health evaluation is rather negative. ALTG does not seem to be growing, but still is valued expensively.
1. Profitability
1.1 Basic Checks
In the past year ALTG has reported negative net income.
ALTG had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: ALTG reported negative net income in multiple 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 87.50% of its industry peers.
ALTG's Return On Equity of -155.58% is on the low side compared to the rest of the industry. ALTG is outperformed by 95.83% of its industry peers.
With a Return On Invested Capital value of 1.43%, ALTG is not doing good in the industry: 75.00% of the companies in the same industry are doing better.
The Average Return On Invested Capital over the past 3 years for ALTG is significantly below the industry average of 9.70%.
| 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 has a Operating Margin of 1.21%. This is in the lower half of the industry: ALTG underperforms 75.00% of its industry peers.
ALTG's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 25.84%, ALTG is doing worse than 62.50% of the companies in the same industry.
ALTG's Gross Margin has been stable in the last couple of years.
| 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.
ALTG has less shares outstanding than it did 1 year ago.
ALTG has more shares outstanding than it did 5 years ago.
The debt/assets ratio for ALTG is higher compared to a year ago.
2.2 Solvency
ALTG has an Altman-Z score of 1.45. This is a bad value and indicates that ALTG is not financially healthy and even has some risk of bankruptcy.
ALTG has a worse Altman-Z score (1.45) than 77.08% of its industry peers.
ALTG has a debt to FCF ratio of 81.33. This is a negative value and a sign of low solvency as ALTG would need 81.33 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 81.33, ALTG is in line with its industry, outperforming 45.83% of the companies in the same industry.
ALTG has a Debt/Equity ratio of 24.20. This is a high value indicating a heavy dependency on external financing.
ALTG has a worse Debt to Equity ratio (24.20) than 97.92% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 24.2 | ||
| Debt/FCF | 81.33 | ||
| Altman-Z | 1.45 |
ROIC/WACC0.19
WACC7.66%
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.
Looking at the Current ratio, with a value of 1.39, ALTG is doing worse than 75.00% of the companies in the same industry.
A Quick Ratio of 0.48 indicates that ALTG may have some problems paying its short term obligations.
ALTG has a worse Quick ratio (0.48) than 83.33% 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.
The Revenue has decreased by -3.46% in the past year.
ALTG shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 15.66% yearly.
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.
ALTG is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.92% yearly.
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
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
ALTG reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for ALTG. No positive earnings are expected for the next year.
| 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 95.83% of the companies in the same industry.
ALTG's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. ALTG is cheaper than 72.92% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 20.25 | ||
| EV/EBITDA | 6.14 |
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 2.78%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 2.01, ALTG pays a better dividend. On top of this ALTG pays more dividend than 89.58% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.35, ALTG has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.78% |
5.2 History
ALTG has been paying a dividend for less than 5 years, so it still needs to build a track record.
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%
8.34
+0.13 (+1.58%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryTrading Companies & Distributors
Earnings (Last)
Earnings (Next)
Inst Owners54.38%
Inst Owner Change-3.83%
Ins Owners20.48%
Ins Owner Change2.63%
Market Cap267.30M
Analysts80
Price Target11.61 (39.21%)
Short Float %4.67%
Short Ratio3.44
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.78% |
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)8.75%
PT rev (3m)-0.35%
EPS NQ rev (1m)-5.56%
EPS NQ rev (3m)-32.56%
EPS NY rev (1m)-3.03%
EPS NY rev (3m)7.17%
Revenue NQ rev (1m)-1.99%
Revenue NQ rev (3m)-4.01%
Revenue NY rev (1m)-0.58%
Revenue NY rev (3m)-0.73%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | 0.14 | ||
| P/FCF | 20.25 | ||
| P/OCF | 3.58 | ||
| P/B | 6.09 | ||
| P/tB | N/A | ||
| EV/EBITDA | 6.14 |
EPS(TTM)-2.19
EYN/A
EPS(NY)-1.07
Fwd EYN/A
FCF(TTM)0.41
FCFY4.94%
OCF(TTM)2.33
OCFY27.91%
SpS57.76
BVpS1.37
TBVpS-2.65
PEG (NY)N/A
PEG (5Y)N/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
ROICexcg growth 3Y-12.75%
ROICexcg 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 | 1.45 |
F-Score5
WACC7.66%
ROIC/WACC0.19
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 Year539.24%
EBIT Next 3Y94.31%
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