ASTEC INDUSTRIES INC (ASTE) Stock Fundamental Analysis
NASDAQ:ASTE - US0462241011 - Common Stock
47.405 USD
+0.9 (+1.92%)
47.405 USD
0 (0%)
Overall ASTE gets a fundamental rating of 6 out of 10. We evaluated ASTE against 127 industry peers in the Machinery industry. ASTE has only an average score on both its financial health and profitability. A decent growth rate in combination with a cheap valuation! Better keep an eye on ASTE. This makes ASTE very considerable for value investing!
1. Profitability
1.1 Basic Checks
ASTE had positive earnings in the past year.
In the past year ASTE had a positive cash flow from operations.
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
With a Return On Assets value of 4.31%, ASTE perfoms like the industry average, outperforming 50.39% of the companies in the same industry.
With a Return On Equity value of 6.80%, ASTE perfoms like the industry average, outperforming 43.31% of the companies in the same industry.
ASTE has a Return On Invested Capital of 9.55%. This is in the better half of the industry: ASTE outperforms 66.93% of its industry peers.
The Average Return On Invested Capital over the past 3 years for ASTE is significantly below the industry average of 10.48%.
The 3 year average ROIC (4.22%) for ASTE is below the current ROIC(9.55%), indicating increased profibility in the last year.
| 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
With a Profit Margin value of 3.50%, ASTE perfoms like the industry average, outperforming 42.52% of the companies in the same industry.
In the last couple of years the Profit Margin of ASTE has declined.
ASTE has a Operating Margin (7.40%) which is comparable to the rest of the industry.
In the last couple of years the Operating Margin of ASTE has grown nicely.
Looking at the Gross Margin, with a value of 26.76%, ASTE is doing worse than 61.42% of the companies in the same industry.
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
The debt/assets ratio for ASTE is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 4.44 indicates that ASTE is not in any danger for bankruptcy at the moment.
The Altman-Z score of ASTE (4.44) is better than 70.08% of its industry peers.
ASTE has a debt to FCF ratio of 0.18. This is a very positive value and a sign of high solvency as it would only need 0.18 years to pay back of all of its debts.
With an excellent Debt to FCF ratio value of 0.18, ASTE belongs to the best of the industry, outperforming 89.76% of the companies in the same industry.
A Debt/Equity ratio of 0.02 indicates that ASTE is not too dependend on debt financing.
With a decent Debt to Equity ratio value of 0.02, ASTE is doing good in the industry, outperforming 79.53% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.02 | ||
| Debt/FCF | 0.18 | ||
| Altman-Z | 4.44 |
ROIC/WACC0.96
WACC10%
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 73.23% 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 of 1.08. This is comparable to the rest of the industry: ASTE outperforms 42.52% of its industry peers.
| 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 17.12% yearly.
ASTE is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.08% yearly.
EPS Next Y23.65%
EPS Next 2Y17.12%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year5.06%
Revenue Next 2Y7.08%
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
The Price/Earnings ratio is 14.54, which indicates a correct valuation of ASTE.
Based on the Price/Earnings ratio, ASTE is valued cheaply inside the industry as 86.61% of the companies are valued more expensively.
ASTE's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.14.
With a Price/Forward Earnings ratio of 14.10, ASTE is valued correctly.
ASTE's Price/Forward Earnings ratio is rather cheap when compared to the industry. ASTE is cheaper than 81.89% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.80. ASTE is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.54 | ||
| Fwd PE | 14.1 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ASTE indicates a rather cheap valuation: ASTE is cheaper than 90.55% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, ASTE is valued cheaper than 86.61% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.97 | ||
| EV/EBITDA | 7.89 |
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 17.12% in the coming years.
PEG (NY)0.61
PEG (5Y)1.54
EPS Next 2Y17.12%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.19%, ASTE has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 1.87, ASTE pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.34, ASTE's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.19% |
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.
ASTE has decreased its dividend 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.
The dividend of ASTE is growing, but earnings are growing more, so the dividend growth is sustainable.
DP25.93%
EPS Next 2Y17.12%
EPS Next 3YN/A
47.405
+0.9 (+1.92%)
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 Change0.75%
Market Cap1.08B
Analysts82.5
Price Target45.39 (-4.25%)
Short Float %2.07%
Short Ratio2.56
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.19% |
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)3.49%
PT rev (3m)3.49%
EPS NQ rev (1m)97.78%
EPS NQ rev (3m)-2.2%
EPS NY rev (1m)22.47%
EPS NY rev (3m)22.47%
Revenue NQ rev (1m)13.64%
Revenue NQ rev (3m)9.56%
Revenue NY rev (1m)2.62%
Revenue NY rev (3m)2.54%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.54 | ||
| Fwd PE | 14.1 | ||
| P/S | 0.83 | ||
| P/FCF | 13.97 | ||
| P/OCF | 11.72 | ||
| P/B | 1.61 | ||
| P/tB | 1.7 | ||
| EV/EBITDA | 7.89 |
EPS(TTM)3.26
EY6.88%
EPS(NY)3.36
Fwd EY7.09%
FCF(TTM)3.39
FCFY7.16%
OCF(TTM)4.04
OCFY8.53%
SpS57.28
BVpS29.51
TBVpS27.94
PEG (NY)0.61
PEG (5Y)1.54
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 | 0.02 | ||
| Debt/FCF | 0.18 | ||
| Debt/EBITDA | 0.12 | ||
| 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 | 4.44 |
F-Score8
WACC10%
ROIC/WACC0.96
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 Year5.06%
Revenue Next 2Y7.08%
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%