ASTEC INDUSTRIES INC (ASTE) Stock Fundamental Analysis
USA - NASDAQ:ASTE - US0462241011 - Common Stock
46.98 USD
-0.94 (-1.96%)
46.98 USD
0 (0%)
Overall ASTE gets a fundamental rating of 6 out of 10. We evaluated ASTE against 130 industry peers in the Machinery industry. While ASTE has a great health rating, its profitability is only average at the moment. ASTE is valued quite cheap, while showing a decent growth score. This is a good combination! This makes ASTE very considerable 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.
Of the past 5 years ASTE 4 years had a positive operating cash flow.
1.2 Ratios
ASTE has a Return On Assets (4.31%) which is in line with its industry peers.
ASTE has a Return On Equity (6.80%) which is comparable to the rest of the industry.
Looking at the Return On Invested Capital, with a value of 9.55%, ASTE is in the better half of the industry, outperforming 68.46% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for ASTE is significantly below the industry average of 10.01%.
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's Profit Margin of 3.50% is in line compared to the rest of the industry. ASTE outperforms 43.85% of its industry peers.
ASTE's Profit Margin has declined in the last couple of years.
ASTE's Operating Margin of 7.40% is in line compared to the rest of the industry. ASTE outperforms 46.92% of its industry peers.
In the last couple of years the Operating Margin of ASTE has grown nicely.
ASTE has a worse Gross Margin (26.76%) than 60.77% of its industry peers.
In the last couple of years the Gross Margin of ASTE has grown nicely.
| 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 just above the Cost of Capital (WACC), which means it is creating some value.
The number of shares outstanding for ASTE has been increased compared to 1 year ago.
ASTE has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, ASTE has a worse debt to assets ratio.
2.2 Solvency
ASTE has an Altman-Z score of 4.46. This indicates that ASTE is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of ASTE (4.46) is better than 71.54% 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.
The Debt to FCF ratio of ASTE (1.25) is better than 85.38% of its industry peers.
ASTE has a Debt/Equity ratio of 0.14. This is a healthy value indicating a solid balance between debt and equity.
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 | 4.46 |
ROIC/WACC1
WACC9.53%
2.3 Liquidity
A Current Ratio of 2.71 indicates that ASTE has no problem at all paying its short term obligations.
ASTE has a Current ratio of 2.71. This is in the better half of the industry: ASTE outperforms 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.
Looking at the Quick ratio, with a value of 1.08, ASTE is in line with its industry, outperforming 41.54% of the companies in the same 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%.
The Revenue has been growing slightly by 2.22% on average over the past years.
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.
The Revenue is expected to grow by 5.33% on average over the next years.
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.
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
The Price/Earnings ratio is 14.41, which indicates a correct valuation of ASTE.
ASTE's Price/Earnings ratio is rather cheap when compared to the industry. ASTE is cheaper than 85.38% of the companies in the same industry.
When comparing the Price/Earnings ratio of ASTE to the average of the S&P500 Index (27.57), we can say ASTE is valued slightly cheaper.
The Price/Forward Earnings ratio is 14.44, which indicates a correct valuation of ASTE.
76.92% of the companies in the same industry are more expensive than ASTE, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 23.09. ASTE is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.41 | ||
| Fwd PE | 14.44 |
4.2 Price Multiples
85.38% of the companies in the same industry are more expensive than ASTE, based on the Enterprise Value to EBITDA ratio.
84.62% of the companies in the same industry are more expensive than ASTE, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.85 | ||
| EV/EBITDA | 8.65 |
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.
A more expensive valuation may be justified as ASTE's earnings are expected to grow with 15.24% in the coming years.
PEG (NY)0.64
PEG (5Y)1.53
EPS Next 2Y15.24%
EPS Next 3YN/A
5. Dividend
5.1 Amount
ASTE has a Yearly Dividend Yield of 1.09%.
ASTE's Dividend Yield is a higher than the industry average which is at 1.80.
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 | 1.09% |
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
ASTE pays out 25.93% of its income as dividend. This is a sustainable payout ratio.
The dividend of ASTE is growing, but earnings are growing more, so the dividend growth is sustainable.
DP25.93%
EPS Next 2Y15.24%
EPS Next 3YN/A
46.98
-0.94 (-1.96%)
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 Cap1.07B
Revenue(TTM)1.31B
Net Income(TTM)45.90M
Analysts85.71
Price Target48.96 (4.21%)
Short Float %2.65%
Short Ratio3.15
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)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 | 14.41 | ||
| Fwd PE | 14.44 | ||
| P/S | 0.82 | ||
| P/FCF | 13.85 | ||
| P/OCF | 11.62 | ||
| P/B | 1.59 | ||
| P/tB | 1.68 | ||
| EV/EBITDA | 8.65 |
EPS(TTM)3.26
EY6.94%
EPS(NY)3.25
Fwd EY6.93%
FCF(TTM)3.39
FCFY7.22%
OCF(TTM)4.04
OCFY8.61%
SpS57.28
BVpS29.51
TBVpS27.94
PEG (NY)0.64
PEG (5Y)1.53
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 | 4.46 |
F-Score8
WACC9.53%
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%