ASTEC INDUSTRIES INC (ASTE) Stock Fundamental Analysis
USA - NASDAQ:ASTE - US0462241011 - Common Stock
46.55 USD
-0.2 (-0.43%)
46.55 USD
0 (0%)
Overall ASTE gets a fundamental rating of 6 out of 10. We evaluated ASTE against 128 industry peers in the Machinery industry. ASTE has only an average score on both its financial health and profitability. ASTE is valued quite cheap, while showing a decent growth score. This is a good combination! These ratings would make ASTE suitable for value investing!
1. Profitability
1.1 Basic Checks
In the past year ASTE was profitable.
ASTE had a positive operating cash flow in the past year.
ASTE had positive earnings in 4 of the past 5 years.
Of the past 5 years ASTE 4 years had a positive operating cash flow.
1.2 Ratios
The Return On Assets of ASTE (4.31%) is comparable to the rest of the industry.
ASTE has a Return On Equity of 6.80%. This is comparable to the rest of the industry: ASTE outperforms 42.97% of its industry peers.
ASTE has a better Return On Invested Capital (9.55%) than 67.19% of its industry peers.
The Average Return On Invested Capital over the past 3 years for ASTE is significantly below the industry average of 10.02%.
The last Return On Invested Capital (9.55%) for ASTE is above the 3 year average (4.22%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.31% | ||
| ROE | 6.8% | ||
| ROIC | 9.55% |
ROA(3y)1.19%
ROA(5y)2.21%
ROE(3y)1.93%
ROE(5y)3.16%
ROIC(3y)4.22%
ROIC(5y)4.29%
1.3 Margins
ASTE has a Profit Margin (3.50%) which is comparable to the rest of the industry.
ASTE's Profit Margin has declined in the last couple of years.
With a Operating Margin value of 7.40%, ASTE perfoms like the industry average, outperforming 46.09% of the companies in the same industry.
ASTE's Operating Margin has improved in the last couple of years.
ASTE has a worse Gross Margin (26.76%) than 60.94% of its industry peers.
ASTE's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.4% | ||
| PM (TTM) | 3.5% | ||
| GM | 26.76% |
OM growth 3Y20.97%
OM growth 5Y10.4%
PM growth 3Y-41.22%
PM growth 5Y-29.61%
GM growth 3Y3.08%
GM growth 5Y4.18%
2. Health
2.1 Basic Checks
ASTE has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for ASTE has been increased compared to 1 year ago.
The number of shares outstanding for ASTE has been increased compared to 5 years ago.
ASTE has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 4.45 indicates that ASTE is not in any danger for bankruptcy at the moment.
ASTE has a better Altman-Z score (4.45) than 73.44% of its industry peers.
ASTE has a debt to FCF ratio of 1.25. This is a very positive value and a sign of high solvency as it would only need 1.25 years to pay back of all of its debts.
ASTE has a better Debt to FCF ratio (1.25) than 84.38% of its industry peers.
A Debt/Equity ratio of 0.14 indicates that ASTE is not too dependend on debt financing.
ASTE's Debt to Equity ratio of 0.14 is fine compared to the rest of the industry. ASTE outperforms 75.78% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.14 | ||
| Debt/FCF | 1.25 | ||
| Altman-Z | 4.45 |
ROIC/WACC0.95
WACC10.04%
2.3 Liquidity
A Current Ratio of 2.71 indicates that ASTE has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 2.71, ASTE is in the better half of the industry, outperforming 72.66% of the companies in the same industry.
ASTE has a Quick Ratio of 1.08. This is a normal value and indicates that ASTE is financially healthy and should not expect problems in meeting its short term obligations.
ASTE has a Quick ratio (1.08) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.71 | ||
| Quick Ratio | 1.08 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 77.17% over the past year.
Measured over the past years, ASTE shows a quite strong growth in Earnings Per Share. The EPS has been growing by 9.45% on average per year.
ASTE shows a small growth in Revenue. In the last year, the Revenue has grown by 1.17%.
ASTE shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.22% yearly.
EPS 1Y (TTM)77.17%
EPS 3Y21.38%
EPS 5Y9.45%
EPS Q2Q%44.26%
Revenue 1Y (TTM)1.17%
Revenue growth 3Y5.95%
Revenue growth 5Y2.22%
Sales Q2Q%-4.4%
3.2 Future
ASTE is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 17.12% yearly.
ASTE is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.33% yearly.
EPS Next Y23.65%
EPS Next 2Y17.12%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year3.2%
Revenue Next 2Y5.33%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
ASTE is valuated correctly with a Price/Earnings ratio of 14.28.
Based on the Price/Earnings ratio, ASTE is valued cheaply inside the industry as 85.94% of the companies are valued more expensively.
ASTE is valuated rather cheaply when we compare the Price/Earnings ratio to 27.20, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 13.85, ASTE is valued correctly.
82.03% of the companies in the same industry are more expensive than ASTE, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.70, ASTE is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.28 | ||
| Fwd PE | 13.85 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ASTE is valued cheaper than 85.16% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of ASTE indicates a rather cheap valuation: ASTE is cheaper than 85.16% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.72 | ||
| EV/EBITDA | 8.61 |
4.3 Compensation for Growth
ASTE's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
ASTE's earnings are expected to grow with 17.12% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.6
PEG (5Y)1.51
EPS Next 2Y17.12%
EPS Next 3YN/A
5. Dividend
5.1 Amount
ASTE has a Yearly Dividend Yield of 1.09%. Purely for dividend investing, there may be better candidates out there.
ASTE's Dividend Yield is a higher than the industry average which is at 1.74.
With a Dividend Yield of 1.09, ASTE pays less dividend than the S&P500 average, which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.09% |
5.2 History
The dividend of ASTE has a limited annual growth rate of 3.55%.
ASTE has been paying a dividend for at least 10 years, so it has a reliable track record.
The dividend of ASTE decreased recently.
Dividend Growth(5Y)3.55%
Div Incr Years0
Div Non Decr Years1
5.3 Sustainability
25.93% of the earnings are spent on dividend by ASTE. This is a low number and sustainable payout ratio.
ASTE's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP25.93%
EPS Next 2Y17.12%
EPS Next 3YN/A
46.55
-0.2 (-0.43%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners95.97%
Inst Owner Change1.93%
Ins Owners0.92%
Ins Owner Change1.13%
Market Cap1.06B
Analysts85.71
Price Target48.96 (5.18%)
Short Float %2.25%
Short Ratio2.66
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.09% |
Yearly Dividend0.52
Dividend Growth(5Y)3.55%
DP25.93%
Div Incr Years0
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)71.5%
Min EPS beat(2)55.45%
Max EPS beat(2)87.55%
EPS beat(4)3
Avg EPS beat(4)50.21%
Min EPS beat(4)-1.96%
Max EPS beat(4)87.55%
EPS beat(8)4
Avg EPS beat(8)7.43%
EPS beat(12)6
Avg EPS beat(12)11.33%
EPS beat(16)8
Avg EPS beat(16)11.55%
Revenue beat(2)1
Avg Revenue beat(2)-3.89%
Min Revenue beat(2)-8.58%
Max Revenue beat(2)0.79%
Revenue beat(4)1
Avg Revenue beat(4)-5.43%
Min Revenue beat(4)-8.7%
Max Revenue beat(4)0.79%
Revenue beat(8)2
Avg Revenue beat(8)-5.88%
Revenue beat(12)4
Avg Revenue beat(12)-3.08%
Revenue beat(16)5
Avg Revenue beat(16)-2.5%
PT rev (1m)11.63%
PT rev (3m)11.63%
EPS NQ rev (1m)1.12%
EPS NQ rev (3m)157.14%
EPS NY rev (1m)22.47%
EPS NY rev (3m)22.47%
Revenue NQ rev (1m)-0.65%
Revenue NQ rev (3m)14.99%
Revenue NY rev (1m)0.8%
Revenue NY rev (3m)0.73%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.28 | ||
| Fwd PE | 13.85 | ||
| P/S | 0.81 | ||
| P/FCF | 13.72 | ||
| P/OCF | 11.51 | ||
| P/B | 1.58 | ||
| P/tB | 1.67 | ||
| EV/EBITDA | 8.61 |
EPS(TTM)3.26
EY7%
EPS(NY)3.36
Fwd EY7.22%
FCF(TTM)3.39
FCFY7.29%
OCF(TTM)4.04
OCFY8.69%
SpS57.28
BVpS29.51
TBVpS27.94
PEG (NY)0.6
PEG (5Y)1.51
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.31% | ||
| ROE | 6.8% | ||
| ROCE | 12.27% | ||
| ROIC | 9.55% | ||
| ROICexc | 10.78% | ||
| ROICexgc | 11.35% | ||
| OM | 7.4% | ||
| PM (TTM) | 3.5% | ||
| GM | 26.76% | ||
| FCFM | 5.92% |
ROA(3y)1.19%
ROA(5y)2.21%
ROE(3y)1.93%
ROE(5y)3.16%
ROIC(3y)4.22%
ROIC(5y)4.29%
ROICexc(3y)4.7%
ROICexc(5y)5.1%
ROICexgc(3y)5.08%
ROICexgc(5y)5.67%
ROCE(3y)5.42%
ROCE(5y)5.48%
ROICexcg growth 3Y15.61%
ROICexcg growth 5Y7.82%
ROICexc growth 3Y18.19%
ROICexc growth 5Y8.9%
OM growth 3Y20.97%
OM growth 5Y10.4%
PM growth 3Y-41.22%
PM growth 5Y-29.61%
GM growth 3Y3.08%
GM growth 5Y4.18%
F-Score8
Asset Turnover1.23
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.14 | ||
| Debt/FCF | 1.25 | ||
| Debt/EBITDA | 0.79 | ||
| Cap/Depr | 57.09% | ||
| Cap/Sales | 1.14% | ||
| Interest Coverage | 11.98 | ||
| Cash Conversion | 75.14% | ||
| Profit Quality | 169.06% | ||
| Current Ratio | 2.71 | ||
| Quick Ratio | 1.08 | ||
| Altman-Z | 4.45 |
F-Score8
WACC10.04%
ROIC/WACC0.95
Cap/Depr(3y)118.53%
Cap/Depr(5y)95.88%
Cap/Sales(3y)2.44%
Cap/Sales(5y)2.13%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)77.17%
EPS 3Y21.38%
EPS 5Y9.45%
EPS Q2Q%44.26%
EPS Next Y23.65%
EPS Next 2Y17.12%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)1.17%
Revenue growth 3Y5.95%
Revenue growth 5Y2.22%
Sales Q2Q%-4.4%
Revenue Next Year3.2%
Revenue Next 2Y5.33%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y133.17%
EBIT growth 3Y28.17%
EBIT growth 5Y12.85%
EBIT Next Year54.04%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y205.58%
FCF growth 3YN/A
FCF growth 5Y-51.05%
OCF growth 1Y368.12%
OCF growth 3Y45.94%
OCF growth 5Y-27.19%