Altra Industrial Motion Corp.

Report azionario NasdaqGS:AIMC

Capitalizzazione di mercato: 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 Crescita futura

Criteri Future verificati 3/6

Informazioni chiave

25.8%

Tasso di crescita degli utili

22.11%

Tasso di crescita dell'EPS

Machinery crescita degli utili16.5%
Tasso di crescita dei ricavi1.0%
Rendimento futuro del capitale proprion/a
Copertura analitica

Low

Ultimo aggiornamento27 Mar 2023

Aggiornamenti recenti sulla crescita futura

Recent updates

Articolo di analisi • 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...
Articolo di analisi • 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...
Articolo di analisi • 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.
Articolo di analisi • 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...
Articolo di analisi • 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.
Articolo di analisi • 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...
Articolo di analisi • 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...
Articolo di analisi • 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...
Articolo di analisi • 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.
Articolo di analisi • 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...
Articolo di analisi • 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...
Articolo di analisi • 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...
Articolo di analisi • 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...
Articolo di analisi • 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...
Articolo di analisi • 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...
Articolo di analisi • 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...

Previsioni di crescita degli utili e dei ricavi

NasdaqGS:AIMC - Stime future degli analisti e dati finanziari passati (USD Millions )
DataRicaviUtiliFlusso di cassa liberoLiquidità dell'operazioneAvg. Numero di analisti
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

Previsioni di crescita futura degli analisti

Guadagni vs tasso di risparmio: La crescita prevista degli utili di AIMC ( 25.8% all'anno) è superiore al tasso di risparmio ( 2.1% ).

Guadagni vs Mercato: Si prevede che gli utili di AIMC ( 25.8% all'anno) cresceranno più rapidamente del mercato US ( 16.8% all'anno).

Guadagni ad alta crescita: Si prevede che gli utili di AIMC cresceranno in modo significativo nei prossimi 3 anni.

Ricavi vs Mercato: Si prevede che il fatturato di AIMC ( 1% all'anno) crescerà più lentamente rispetto al mercato US ( 11.8% all'anno).

Ricavi ad alta crescita: Si prevede che il fatturato di AIMC ( 1% all'anno) crescerà più lentamente di 20% all'anno.

Previsioni di crescita dell'utile per azione

Rendimento futuro del capitale proprio

ROE futuro: Dati insufficienti per determinare se il Return on Equity di AIMC è previsto essere elevato tra 3 anni

Scoprire le aziende in crescita

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Analisi aziendale e situazione dei dati finanziari

DatiUltimo aggiornamento (ora UTC)
Analisi dell'azienda2023/03/28 23:34
Prezzo dell'azione a fine giornata2023/03/24 00:00
Utili2022/12/31
Utili annuali2022/12/31

Fonti dei dati

I dati utilizzati nella nostra analisi aziendale provengono da S&P Global Market Intelligence LLC. I seguenti dati sono utilizzati nel nostro modello di analisi per generare questo report. I dati sono normalizzati, il che può comportare un ritardo nella disponibilità della fonte.

PacchettoDatiTempisticaEsempio Fonte USA *
Dati finanziari della società10 anni
  • Conto economico
  • Rendiconto finanziario
  • Bilancio
Stime di consenso degli analisti+3 anni
  • Previsioni finanziarie
  • Obiettivi di prezzo degli analisti
Prezzi di mercato30 anni
  • Prezzi delle azioni
  • Dividendi, scissioni e azioni
Proprietà10 anni
  • Top azionisti
  • Insider trading
Gestione10 anni
  • Team di leadership
  • Consiglio di amministrazione
Sviluppi principali10 anni
  • Annunci aziendali

* Esempio per i titoli statunitensi, per i titoli non statunitensi si utilizzano forme e fonti normative equivalenti.

Se non specificato, tutti i dati finanziari si basano su un periodo annuale ma vengono aggiornati trimestralmente. Si tratta dei cosiddetti dati TTM (Trailing Twelve Month) o LTM (Last Twelve Month). Per saperne di più.

Modello di analisi e Snowflake

I dettagli del modello di analisi utilizzato per generare questo report sono disponibili sulla nostra pagina Github; abbiamo anche guide su come utilizzare i nostri report e tutorial su Youtube.

Scoprite il team di livello mondiale che ha progettato e realizzato il modello di analisi Simply Wall St.

Metriche di settore e industriali

Le nostre metriche di settore e di sezione sono calcolate ogni 6 ore da Simply Wall St; i dettagli del nostro processo sono disponibili su Github.

Fonti analitiche

Altra Industrial Motion Corp. è coperta da 13 analisti. 2 di questi analisti ha fornito le stime di fatturato o di utile utilizzate come input per il nostro report. Le stime degli analisti vengono aggiornate nel corso della giornata.

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