Astec Industries, Inc.

DB:AI2 Stock Report

Market Cap: €832.0m

Astec Industries Valuation

Is AI2 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of AI2 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: AI2 (€36) is trading above our estimate of fair value (€35.11)

Significantly Below Fair Value: AI2 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for AI2?

Key metric: As AI2 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for AI2. This is calculated by dividing AI2's market cap by their current revenue.
What is AI2's PS Ratio?
PS Ratio0.7x
SalesUS$1.28b
Market CapUS$880.38m

Price to Sales Ratio vs Peers

How does AI2's PS Ratio compare to its peers?

The above table shows the PS ratio for AI2 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.5x
VOS Vossloh
0.7x6.2%€817.3m
WAC Wacker Neuson
0.4x4.9%€925.0m
JST JOST Werke
0.5x4.1%€619.1m
DEZ DEUTZ
0.3x11.6%€557.3m
AI2 Astec Industries
0.7x3.7%€880.4m

Price-To-Sales vs Peers: AI2 is expensive based on its Price-To-Sales Ratio (0.7x) compared to the peer average (0.5x).

Price to Sales Ratio vs Industry

How does AI2's PS Ratio compare vs other companies in the DE Machinery Industry?

4 CompaniesPrice / SalesEstimated GrowthMarket Cap
HDD Heidelberger Druckmaschinen
0.1x4.3%US$293.62m
SF3 STS Group
0.08x4.2%US$26.12m
GRF Greiffenberger
0.06xn/aUS$4.18m
SCM SCHUMAG
0.04xn/aUS$1.92m
No more companies available in this PS range
AI2 0.7xIndustry Avg. 0.5xNo. of Companies10PS00.61.21.82.43+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: AI2 is expensive based on its Price-To-Sales Ratio (0.7x) compared to the German Machinery industry average (0.5x).

Price to Sales Ratio vs Fair Ratio

What is AI2's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

AI2 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.7x
Fair PS Ratio0.3x

Price-To-Sales vs Fair Ratio: AI2 is expensive based on its Price-To-Sales Ratio (0.7x) compared to the estimated Fair Price-To-Sales Ratio (0.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst AI2 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€36.00
€39.36
+9.3%
5.9%€41.68€37.05n/a2
Nov ’25€29.00
€34.45
+18.8%
6.5%€36.68€32.21n/a2
Oct ’25€28.40
€34.45
+21.3%
6.5%€36.68€32.21n/a2
Sep ’25€30.60
€37.08
+21.2%
11.1%€41.20€32.96n/a2
Aug ’25€32.40
€37.17
+14.7%
11.1%€41.30€33.04n/a2
Jul ’25€27.40
€37.64
+37.4%
8.1%€41.65€34.24n/a3
Jun ’25€29.60
€37.91
+28.1%
8.1%€41.95€34.49n/a3
May ’25€40.00
€40.53
+1.3%
16.0%€49.57€34.61n/a3
Apr ’25€40.00
€43.18
+7.9%
11.4%€49.04€37.01n/a3
Mar ’25€37.40
€43.18
+15.4%
11.4%€49.04€37.01n/a3
Feb ’25€32.80
€40.08
+22.2%
15.2%€48.28€33.71n/a3
Jan ’25€33.60
€40.08
+19.3%
15.2%€48.28€33.71n/a3
Dec ’24€28.40
€41.12
+44.8%
15.6%€49.90€34.84n/a3
Nov ’24€29.60
€49.84
+68.4%
21.2%€58.67€35.01€29.003
Oct ’24€45.40
€52.09
+14.7%
8.9%€56.66€45.70€28.403
Sep ’24€50.50
€52.09
+3.2%
8.9%€56.66€45.70€30.603
Aug ’24€45.00
€47.51
+5.6%
9.9%€50.84€40.86€32.403
Jul ’24€41.40
€47.51
+14.8%
9.9%€50.84€40.86€27.403
Jun ’24€34.00
€47.51
+39.7%
9.9%€50.84€40.86€29.603
May ’24€37.20
€47.88
+28.7%
10.4%€53.06€41.17€40.003
Apr ’24€37.20
€48.43
+30.2%
13.2%€54.72€39.63€40.003
Mar ’24€42.00
€44.39
+5.7%
8.2%€47.83€39.39€37.403
Feb ’24€40.20
€41.78
+3.9%
14.7%€47.01€33.18€32.803
Jan ’24€37.80
€49.17
+30.1%
19.0%€59.00€36.62€33.603
Dec ’23€41.00
€49.17
+19.9%
19.0%€59.00€36.62€28.403
Nov ’23€43.60
€49.47
+13.5%
19.0%€59.37€36.85€29.603

Analyst Forecast: Target price is less than 20% higher than the current share price.

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