ASTEC INDUSTRIES INC (ASTE) Stock Fundamental Analysis
USA - NASDAQ:ASTE - US0462241011 - Common Stock
48.42 USD
+0.28 (+0.58%)
48.42 USD
0 (0%)
ASTE gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 130 industry peers in the Machinery industry. ASTE has an average financial health and profitability rating. ASTE scores decently on growth, while it is valued quite cheap. This could make an interesting combination. These ratings could make ASTE a good candidate for value investing.
1. Profitability
1.1 Basic Checks
In the past year ASTE was profitable.
In the past year ASTE had a positive cash flow from operations.
Of the past 5 years ASTE 4 years were profitable.
ASTE had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
ASTE has a Return On Assets of 4.31%. This is comparable to the rest of the industry: ASTE outperforms 51.54% of its industry peers.
ASTE has a Return On Equity (6.80%) which is in line with its industry peers.
With a decent Return On Invested Capital value of 9.55%, ASTE is doing good in the industry, outperforming 68.46% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for ASTE is significantly below the industry average of 10.00%.
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 of 3.50%. This is comparable to the rest of the industry: ASTE outperforms 43.85% of its industry peers.
In the last couple of years the Profit Margin of ASTE has declined.
ASTE has a Operating Margin of 7.40%. This is comparable to the rest of the industry: ASTE outperforms 46.92% of its industry peers.
ASTE's Operating Margin has improved in the last couple of years.
ASTE has a Gross Margin of 26.76%. This is in the lower half of the industry: ASTE underperforms 60.77% 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.
ASTE has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, ASTE has more shares outstanding
ASTE has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 4.50 indicates that ASTE is not in any danger for bankruptcy at the moment.
The Altman-Z score of ASTE (4.50) is better than 70.77% of its industry peers.
The Debt to FCF ratio of ASTE is 1.25, which is an excellent value as it means it would take ASTE, only 1.25 years of fcf income to pay off all of its debts.
ASTE has a Debt to FCF ratio of 1.25. This is amongst the best in the industry. ASTE outperforms 85.38% of its industry peers.
A Debt/Equity ratio of 0.14 indicates that ASTE is not too dependend on debt financing.
The Debt to Equity ratio of ASTE (0.14) is better than 75.38% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.14 | ||
| Debt/FCF | 1.25 | ||
| Altman-Z | 4.5 |
ROIC/WACC1
WACC9.57%
2.3 Liquidity
ASTE has a Current Ratio of 2.71. This indicates that ASTE is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of ASTE (2.71) is better than 72.31% of its industry peers.
A Quick Ratio of 1.08 indicates that ASTE should not have too much problems paying its short term obligations.
The Quick ratio of ASTE (1.08) 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
ASTE shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 77.17%, which is quite impressive.
ASTE shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 9.45% yearly.
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 15.24% yearly.
Based on estimates for the next years, ASTE will show a small growth in Revenue. The Revenue will grow by 5.33% on average per year.
EPS Next Y22.4%
EPS Next 2Y15.24%
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
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 accelerating.
4. Valuation
4.1 Price/Earnings Ratio
ASTE is valuated correctly with a Price/Earnings ratio of 14.85.
Compared to the rest of the industry, the Price/Earnings ratio of ASTE indicates a rather cheap valuation: ASTE is cheaper than 84.62% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 26.91. ASTE is valued slightly cheaper when compared to this.
With a Price/Forward Earnings ratio of 14.88, ASTE is valued correctly.
Based on the Price/Forward Earnings ratio, ASTE is valued a bit cheaper than the industry average as 77.69% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 22.92. ASTE is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.85 | ||
| Fwd PE | 14.88 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ASTE is valued cheaper than 85.38% of the companies in the same industry.
ASTE's Price/Free Cash Flow ratio is rather cheap when compared to the industry. ASTE is cheaper than 84.62% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.27 | ||
| EV/EBITDA | 8.87 |
4.3 Compensation for Growth
The 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 15.24% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.66
PEG (5Y)1.57
EPS Next 2Y15.24%
EPS Next 3YN/A
5. Dividend
5.1 Amount
ASTE has a Yearly Dividend Yield of 1.08%. 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 1.78.
Compared to an average S&P500 Dividend Yield of 2.32, ASTE's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.08% |
5.2 History
The dividend of ASTE has a limited annual growth rate of 3.55%.
ASTE has paid a dividend for at least 10 years, which is 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 2Y15.24%
EPS Next 3YN/A
48.42
+0.28 (+0.58%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners98.01%
Inst Owner Change-0.15%
Ins Owners0.91%
Ins Owner Change1.03%
Market Cap1.11B
Revenue(TTM)1.31B
Net Income(TTM)45.90M
Analysts85.71
Price Target48.96 (1.12%)
Short Float %2.8%
Short Ratio3.65
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.08% |
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)0%
PT rev (3m)11.63%
EPS NQ rev (1m)0%
EPS NQ rev (3m)100%
EPS NY rev (1m)-1.01%
EPS NY rev (3m)21.24%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)12.9%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.8%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.85 | ||
| Fwd PE | 14.88 | ||
| P/S | 0.85 | ||
| P/FCF | 14.27 | ||
| P/OCF | 11.97 | ||
| P/B | 1.64 | ||
| P/tB | 1.73 | ||
| EV/EBITDA | 8.87 |
EPS(TTM)3.26
EY6.73%
EPS(NY)3.25
Fwd EY6.72%
FCF(TTM)3.39
FCFY7.01%
OCF(TTM)4.04
OCFY8.35%
SpS57.28
BVpS29.51
TBVpS27.94
PEG (NY)0.66
PEG (5Y)1.57
Graham Number46.53
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%
ROICexgc growth 3Y15.61%
ROICexgc 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 | 4.5 |
F-Score8
WACC9.57%
ROIC/WACC1
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 Y22.4%
EPS Next 2Y15.24%
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 Year92.08%
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%
ASTEC INDUSTRIES INC / ASTE FAQ
What is the fundamental rating for ASTE stock?
ChartMill assigns a fundamental rating of 6 / 10 to ASTE.
Can you provide the valuation status for ASTEC INDUSTRIES INC?
ChartMill assigns a valuation rating of 7 / 10 to ASTEC INDUSTRIES INC (ASTE). This can be considered as Undervalued.
What is the profitability of ASTE stock?
ASTEC INDUSTRIES INC (ASTE) has a profitability rating of 5 / 10.
Can you provide the PE and PB ratios for ASTE stock?
The Price/Earnings (PE) ratio for ASTEC INDUSTRIES INC (ASTE) is 14.85 and the Price/Book (PB) ratio is 1.64.
What is the earnings growth outlook for ASTEC INDUSTRIES INC?
The Earnings per Share (EPS) of ASTEC INDUSTRIES INC (ASTE) is expected to grow by 22.4% in the next year.