Altra Industrial Motion Corp.

NasdaqGS:AIMC Rapport sur les actions

Capitalisation boursière : US$4.1b

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

Altra Industrial Motion Croissance future

Future contrôle des critères 3/6

Informations clés

25.8%

Taux de croissance des bénéfices

22.11%

Taux de croissance du BPA

Machinery croissance des bénéfices16.5%
Taux de croissance des recettes1.0%
Rendement futur des capitaux propresn/a
Couverture par les analystes

Low

Dernière mise à jour27 Mar 2023

Mises à jour récentes de la croissance future

Recent updates

Article d’analyse • Oct 04

Estimating The Intrinsic Value Of Altra Industrial Motion Corp. (NASDAQ:AIMC)

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Altra Industrial...
Article d’analyse • Aug 12

Altra Industrial Motion (NASDAQ:AIMC) Is Paying Out A Dividend Of $0.09

Altra Industrial Motion Corp. ( NASDAQ:AIMC ) will pay a dividend of $0.09 on the 4th of October. This means the annual...
Article d’analyse • Jul 29

Altra Industrial Motion (NASDAQ:AIMC) Has Announced A Dividend Of $0.09

The board of Altra Industrial Motion Corp. ( NASDAQ:AIMC ) has announced that it will pay a dividend on the 4th of...
Seeking Alpha • Jul 25

Altra Industrial Motion  declares $0.09 dividend

Altra Industrial Motion  (NASDAQ:AIMC) declares $0.09/share quarterly dividend, in line with previous. Forward yield 0.96% Payable Oct. 4; for shareholders of record Sept. 16; ex-div Sept. 15. See AIMC Dividend Scorecard, Yield Chart, & Dividend Growth.
Seeking Alpha • Jul 18

Altra Industrial: Beneficial Outlook, And The Stock Appears Cheap

Altra Industrial Motion produces and markets electromechanical power transmission motion control products. I believe Altra will be able to improve its EBITDA margin figures, thanks to lean manufacturing techniques and strategic pricing initiatives. In my view, recent transactions and corporate reorganizations are helping the company in offering better financial figures, and so I rate AIMC a Buy. Altra Industrial Motion Corp. (AIMC) intends to improve its EBITDA margins thanks to strategic pricing initiatives and manufacturing techniques. Besides, if management continues to acquire other targets, revenue growth would likely remain elevated. Yes, there are some risks due to covenants and recession outside the United States. Still, the share price appears, in my view, cheap enough to justify a position in the stock. Company Background Altra produces and markets electromechanical power transmission motion control products. The company manufactures gear drives, precision motors, inductors, and many other devices in which reliability and precision are very important. Company's Website I researched Altra Industrial due to a $300 million stock repurchase program and a lot of M&A activity. Management noted these initiatives in a recent slide. Q1 2022 Earnings Slides With respect to the company’s mergers and acquisitions, let’s note that the number of targets in recent years appears impressive. As a result, the number of assets increased from less than $1.2 billion to around $4.12 billion. Besides, the amount of intangibles and goodwill accumulated also increased significantly. In my view, if management continues to be that ambitious, and the assets keep increasing, the demand for the stock may increase too. Ycharts Recently, Altra Industrial Motion demonstrated that it is ready to reshape by divesting parts that don’t represent the core of the business. As stated in the 10-K excerpt below, the company sold the Jacobs Vehicle Systems business segment in order to focus on highly engineered products. In my view, if management sells other segments, and reinvests in more growing and profitable targets, shareholders will likely profit. On February 8, 2022, we entered into an agreement with Cummins Inc., a leader in the heavy-duty trucking industry, to divest all of our issued and outstanding equity interest in our entities which collectively constitute the Jacobs Vehicle Systems business segment. This divesture aligns with our strategy to focus on highly engineered products in the motion control and power transmission markets. A copy of the Purchase Agreement is filed as an exhibit herewith. Source: 10-k In my view, recent transactions and corporate reorganizations are helping the company in offering better financial figures. Recently, management decided to increase the sales guidance and the expected adjusted EBITDA for the year 2022. Q1 2022 Earnings Slides Analysts Estimates Are Also Optimistic Taking into account that investment analysts delivered a beneficial outlook, I believe that including some of their figures is necessary. Estimates delivered by analysts include median sales growth of 3% and 2024 sales close to $2024 million. Expectations for 2022, 2023, and 2024 also include an EBITDA margin of 20% to 21% and operating income of 18%. Marketscreener.com Market estimates are beneficial with respect to Altra’s FCF/Sales figures. The ratio stands between 8.7% and 11.53% with capital expenditures of approximately $51-$53 million. Balance Sheet As of March 31, 2022, Altra Industrial Motion reported cash of $183 million, $4.1 billion in assets, and an asset/liability ratio of 1x-2x. In my view, the company’s financial situation appears pretty much under control. 10-Q The company’s long-term debt is equal to $1.39 billion, which does not seem small. With that, let’s note that Altra Industrial reduced its net debt from 3.8x in 2019 to 2.3x in 2022. In my view, if Altra continues to reduce its leverage, the financial risk may diminish, which could lead to an increase in the demand for the stock. 10-Q Q1 2022 Earnings Slides Competitive Scene The power transmission motion control market is quite fragmented. Technavio reports that there are a number of competitors of different sizes Cangro Industries Inc., C-Flex Bearing Co. Inc., Custom Machine and Tool Co. Inc., E and E Special Products LLC, Electromate Inc., Forbes Engineering Sales Inc., MinebeaMitsumi Inc. (MNBEY), Poklar Power Motion Inc., and Servo2Go.com Ltd. Altra is a global player with a broad product offering, which contributes to a market share advantage over Altra’s peers. In my view, the company’s Altra Business System is one of the best competitive advantages. It allows the company to offer continuous improvement in lean manufacturing and outstanding tools. Management talked about the system in the last annual report: ABS incorporates a management philosophy with integrated practices that focus on employing best-in-class tools, knowledge and expertise to drive continuous improvement in lean manufacturing, leadership and growth objectives, further enhancing our ability to achieve our aggressive strategic objectives. Source: 10-k Collaborations With Customers, Lean Manufacturing Could Push The Stock Up To $55-$56 I am optimistic about Altra’s ability to develop new products. In particular, Altra will likely develop new revenue opportunities thanks to collaborations with customers that were already announced in the annual report (see 10-K excerpt below). More products will likely lead to more revenue growth. We focus on developing new products across our business in direct response to customer requirements. Our extensive application-engineering know-how drives both new and repeat revenue opportunities, supported by a substantiated history of innovation, with over 800 patents granted and pending worldwide. In addition, we also plan to expand our customer collaboration initiatives by continuing to move up the technology spectrum, providing more advanced product, software and service solutions. I also believe that Altra Industrial will be able to improve its EBITDA margin figures thanks to lean manufacturing techniques and strategic pricing initiatives. Let’s note that the company’s operating plan (as per 10-k) included several other initiatives that would please investors: We believe we can continue to improve profitability through cost control, overhead rationalization, global process optimization, expanded implementation of lean manufacturing techniques and strategic pricing initiatives. Our operating plan, executed through our manufacturing centers of excellence and supported by ABS, provides additional opportunities to consolidate purchasing processes and reduce costs by sharing best practices across geographies and business lines. Source: 10-k Valuation I assumed sales growth of 3% from 2024 to 2026 and an EBITDA margin of 2023-2026. Also, with an operating margin around 17%-18%, I obtained 2026 EBIT of $387 million and 2026 EBITDA of $451 million.
Article d’analyse • Jul 10

We Think Altra Industrial Motion (NASDAQ:AIMC) Is Taking Some Risk With Its Debt

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Article d’analyse • May 13

Altra Industrial Motion (NASDAQ:AIMC) Will Pay A Larger Dividend Than Last Year At US$0.09

Altra Industrial Motion Corp. ( NASDAQ:AIMC ) will increase its dividend on the 6th of July to US$0.09. This takes the...
Seeking Alpha • Mar 04

Altra Industrial Motion Hit Hard By Adverse End-Market Exposures And Near-Term Margin Weakness

Altra shares have significantly underperformed, and I believe the company's exposure to heavy vehicles, wind power, and short-cycle markets may explain some of the weakness. Margin leverage will be a challenge in the near term, as profitable markets (Chinese trucks) are weak and price actions lag input cost inflation. Selling Jacobs makes sense from a long-term strategic standpoint, but I'm surprised the company didn't get a higher multiple for a very profitable business. Altra is clearly in the doghouse, but revenue growth of around 4%, EBITDA margins in the high-teens to low-20%'s, and FCF margins in the low double-digits can support a meaningfully higher share price.
Article d’analyse • Jan 05

We Think Altra Industrial Motion (NASDAQ:AIMC) Can Stay On Top Of Its Debt

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Article d’analyse • Dec 06

Altra Industrial Motion Corp.'s (NASDAQ:AIMC) Intrinsic Value Is Potentially 52% Above Its Share Price

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Altra Industrial...
Article d’analyse • Sep 18

Here's Why Altra Industrial Motion (NASDAQ:AIMC) Can Manage Its Debt Responsibly

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Article d’analyse • Aug 23

An Intrinsic Calculation For Altra Industrial Motion Corp. (NASDAQ:AIMC) Suggests It's 23% Undervalued

Today we will run through one way of estimating the intrinsic value of Altra Industrial Motion Corp. ( NASDAQ:AIMC ) by...
Seeking Alpha • Aug 12

Altra Industrial Motion Not Just A Play On Recovery Themes

Altra beat second quarter sell-side expectations, but came up a bit short on margins with cost/supply chain headwinds; relative to peers, the results were very much in line. Altra is seeing strong demand in most of its markets, including factory automation, transportation, and material handling, and automation and renewables demand should have legs. Margin improvement remains high on the to-do list, with a meaningful gap in the underlying profitability of PTT and A&S, but opportunities to improve PTT further. Few industrial stocks are obviously cheap, but Altra should have near-term upside to around $70/share, and mid-to-high single-digit long-term annualized potential that's a little better than the average industrial.
Article d’analyse • Jun 05

Does Altra Industrial Motion (NASDAQ:AIMC) Have A Healthy Balance Sheet?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Article d’analyse • May 10

Are Altra Industrial Motion Corp. (NASDAQ:AIMC) Investors Paying Above The Intrinsic Value?

How far off is Altra Industrial Motion Corp. ( NASDAQ:AIMC ) from its intrinsic value? Using the most recent financial...
Article d’analyse • Mar 19

Have Insiders Sold Altra Industrial Motion Corp. (NASDAQ:AIMC) Shares Recently?

We'd be surprised if Altra Industrial Motion Corp. ( NASDAQ:AIMC ) shareholders haven't noticed that the Independent...
Article d’analyse • Mar 04

Don't Ignore The Fact That This Insider Just Sold Some Shares In Altra Industrial Motion Corp. (NASDAQ:AIMC)

We note that the Altra Industrial Motion Corp. ( NASDAQ:AIMC ) Chief Accounting Officer, Todd Patriacca, recently sold...
Article d’analyse • Feb 16

Altra Industrial Motion Corp. (NASDAQ:AIMC) Insiders Have Been Selling

We often see insiders buying up shares in companies that perform well over the long term. Unfortunately, there are also...
Article d’analyse • Jan 21

Altra Industrial Motion (NASDAQ:AIMC) Takes On Some Risk With Its Use Of Debt

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Article d’analyse • Dec 26

Calculating The Intrinsic Value Of Altra Industrial Motion Corp. (NASDAQ:AIMC)

Today we will run through one way of estimating the intrinsic value of Altra Industrial Motion Corp. ( NASDAQ:AIMC ) by...

Prévisions de croissance des bénéfices et des revenus

NasdaqGS:AIMC - Estimations futures des analystes et données financières antérieures (USD Millions )
DateRecettesLes revenusFlux de trésorerie disponibleCash from OpMoy. Nombre d'analystes
12/31/20241,995214N/AN/A2
12/31/20231,925184N/AN/A2
12/31/20221,94612769125N/A
9/30/20221,9461762119N/A
6/30/20221,9491970124N/A
3/31/20221,93933107156N/A
12/31/20211,90028176217N/A
9/30/20211,883147236271N/A
6/30/20211,852150255289N/A
3/31/20211,764130229264N/A
12/31/20201,726-25229263N/A
9/30/20201,715-19198237N/A
6/30/20201,720-32189234N/A
3/31/20201,786-25206252N/A
12/31/20191,834127204256N/A
9/30/20191,86185184238N/A
6/30/20191,64772137183N/A
3/31/20191,41862107152N/A
12/31/20181,1753579116N/A
9/30/2018930536696N/A
6/30/2018916545084N/A
3/31/2018902504981N/A
12/31/2017877514881N/A
9/30/2017826414773N/A
6/30/2017785335072N/A
3/31/2017744275374N/A
12/31/2016709255877N/A
9/30/201671030N/A70N/A
6/30/201672034N/A87N/A
3/31/201673435N/A80N/A

Prévisions de croissance des analystes

Taux de revenus par rapport au taux d'épargne: La croissance des bénéfices prévue de AIMC ( 25.8% par an) est supérieure au taux d'épargne ( 2.1% ).

Bénéfices vs marché: Les bénéfices de AIMC ( 25.8% par an) devraient croître plus rapidement que le marché US ( 17% par an).

Croissance élevée des bénéfices: Les bénéfices de AIMC devraient augmenter de manière significative au cours des 3 prochaines années.

Chiffre d'affaires vs marché: Le chiffre d'affaires de AIMC ( 1% par an) devrait croître plus lentement que le marché de US ( 11.9% par an).

Croissance élevée des revenus: Le chiffre d'affaires de AIMC ( 1% par an) devrait croître plus lentement que 20% par an.

Prévisions de croissance du bénéfice par action

Rendement futur des capitaux propres

ROE futur: Données insuffisantes pour déterminer si le retour sur capitaux propres de AIMC devrait être élevé dans 3 ans

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Analyse de l'entreprise et données financières

DonnéesDernière mise à jour (heure UTC)
Analyse de l'entreprise2023/03/28 08:55
Cours de l'action en fin de journée2023/03/24 00:00
Les revenus2022/12/31
Revenus annuels2022/12/31

Sources de données

Les données utilisées dans notre analyse de l'entreprise proviennent de S&P Global Market Intelligence LLC. Les données suivantes sont utilisées dans notre modèle d'analyse pour générer ce rapport. Les données sont normalisées, ce qui peut entraîner un délai avant que la source ne soit disponible.

PaquetDonnéesCadre temporelExemple de source américaine *
Finances de l'entreprise10 ans
  • Compte de résultat
  • Tableau des flux de trésorerie
  • Bilan
Estimations consensuelles des analystes+3 ans
  • Prévisions financières
  • Objectifs de prix des analystes
Prix du marché30 ans
  • Cours des actions
  • Dividendes, scissions et actions
Propriété10 ans
  • Actionnaires principaux
  • Délits d'initiés
Gestion10 ans
  • L'équipe dirigeante
  • Conseil d'administration
Principaux développements10 ans
  • Annonces de l'entreprise

* Exemple pour les titres américains ; pour les titres non américains, des formulaires réglementaires et des sources équivalentes sont utilisés.

Sauf indication contraire, toutes les données financières sont basées sur une période annuelle mais mises à jour trimestriellement. C'est ce qu'on appelle les données des douze derniers mois (TTM) ou des douze derniers mois (LTM). En savoir plus.

Modèle d'analyse et flocon de neige

Les détails du modèle d’analyse utilisé pour générer ce rapport sont disponibles sur notre page Github; nous proposons également des guides expliquant comment utiliser nos rapports et des tutoriels sur Youtube.

Découvrez l'équipe de classe mondiale qui a conçu et construit le modèle d'analyse Simply Wall St.

Indicateurs de l'industrie et du secteur

Nos indicateurs de secteur et de section sont calculés toutes les 6 heures par Simply Wall St. Les détails de notre processus sont disponibles sur Github.

Sources des analystes

Altra Industrial Motion Corp. est couverte par 13 analystes. 2 de ces analystes ont soumis les estimations de revenus ou de bénéfices utilisées comme données d'entrée dans notre rapport. Les soumissions des analystes sont mises à jour tout au long de la journée.

AnalysteInstitution
Michael HalloranBaird
Joel TissBMO Capital Markets Equity Research
Anna KaminskayaBofA Global Research