Altra Industrial Motion Corp. designs, produces, and markets a range of electromechanical power transmission motion control products for use in various motion related applications, and high-volume manufacturing and non-manufacturing processes worldwide.
Altra Industrial Motion Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$54.76|
|52 Week High||US$41.14|
|52 Week Low||US$68.07|
|1 Month Change||3.93%|
|3 Month Change||-11.96%|
|1 Year Change||22.18%|
|3 Year Change||73.51%|
|5 Year Change||86.58%|
|Change since IPO||283.21%|
Recent News & Updates
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...
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...
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.
|AIMC||US Machinery||US Market|
Return vs Industry: AIMC underperformed the US Machinery industry which returned 27.1% over the past year.
Return vs Market: AIMC underperformed the US Market which returned 31.1% over the past year.
Stable Share Price: AIMC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: AIMC's weekly volatility (4%) has been stable over the past year.
About the Company
Altra Industrial Motion Corp. designs, produces, and markets a range of electromechanical power transmission motion control products for use in various motion related applications, and high-volume manufacturing and non-manufacturing processes worldwide. It operates in two segments, Power Transmission Technologies (PTT) and Automation & Specialty (A&S). The PTT segment offers couplings, such as gear couplings, diaphragm and disc couplings, elastomeric couplings, miniature and precision couplings, universal joints, mill spindles, and shaft locking devices under the Ameridrives, Bibby, Guardian, Huco, Lamiflex, Stromag, and TB Wood’s brands; clutches and brakes under the Industrial Clutch, Formsprag, Stieber, Stromag, Svendborg, Twiflex, and Wichita brands; electromagnetic clutches and brakes under the Inertia Dynamics, Matrix, Stromag, and Warner Electric brands; and gears under the Bauer Gear Motor, Boston Gear, Delroyd, and Nuttall brands.
Altra Industrial Motion Fundamentals Summary
|AIMC fundamental statistics|
Is AIMC overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|AIMC income statement (TTM)|
|Cost of Revenue||US$1.18b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Oct 22, 2021
|Earnings per share (EPS)||2.31|
|Net Profit Margin||8.07%|
How did AIMC perform over the long term?See historical performance and comparison
0.6%Current Dividend Yield
Does AIMC pay a reliable dividends?See AIMC dividend history and benchmarks
|Altra Industrial Motion dividend dates|
|Ex Dividend Date||Dec 16 2021|
|Dividend Pay Date||Jan 04 2022|
|Days until Ex dividend||53 days|
|Days until Dividend pay date||72 days|
Does AIMC pay a reliable dividends?See AIMC dividend history and benchmarks
Is Altra Industrial Motion undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: AIMC ($54.76) is trading below our estimate of fair value ($80.27)
Significantly Below Fair Value: AIMC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: AIMC is good value based on its PE Ratio (23.7x) compared to the US Machinery industry average (29.9x).
PE vs Market: AIMC is poor value based on its PE Ratio (23.7x) compared to the US market (18.3x).
Price to Earnings Growth Ratio
PEG Ratio: AIMC is poor value based on its PEG Ratio (1.4x)
Price to Book Ratio
PB vs Industry: AIMC is good value based on its PB Ratio (1.7x) compared to the US Machinery industry average (2.9x).
How is Altra Industrial Motion forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AIMC's forecast earnings growth (17.4% per year) is above the savings rate (2%).
Earnings vs Market: AIMC's earnings (17.4% per year) are forecast to grow faster than the US market (15.1% per year).
High Growth Earnings: AIMC's earnings are forecast to grow, but not significantly.
Revenue vs Market: AIMC's revenue (6.1% per year) is forecast to grow slower than the US market (9.9% per year).
High Growth Revenue: AIMC's revenue (6.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if AIMC's Return on Equity is forecast to be high in 3 years time
How has Altra Industrial Motion performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AIMC has high quality earnings.
Growing Profit Margin: AIMC became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: AIMC's earnings have grown by 10% per year over the past 5 years.
Accelerating Growth: AIMC has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: AIMC has become profitable in the last year, making it difficult to compare its past year earnings growth to the Machinery industry (21.7%).
Return on Equity
High ROE: AIMC's Return on Equity (7.3%) is considered low.
How is Altra Industrial Motion's financial position?
Financial Position Analysis
Short Term Liabilities: AIMC's short term assets ($830.6M) exceed its short term liabilities ($362.4M).
Long Term Liabilities: AIMC's short term assets ($830.6M) do not cover its long term liabilities ($1.8B).
Debt to Equity History and Analysis
Debt Level: AIMC's debt to equity ratio (67%) is considered high.
Reducing Debt: AIMC's debt to equity ratio has reduced from 84.5% to 67% over the past 5 years.
Debt Coverage: AIMC's debt is well covered by operating cash flow (21%).
Interest Coverage: AIMC's interest payments on its debt are well covered by EBIT (3.8x coverage).
What is Altra Industrial Motion current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: AIMC's dividend (0.58%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.27%).
High Dividend: AIMC's dividend (0.58%) is low compared to the top 25% of dividend payers in the US market (3.49%).
Stability and Growth of Payments
Stable Dividend: AIMC is not paying a notable dividend for the US market, therefore no need to check if payments are stable.
Growing Dividend: AIMC is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: AIMC is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of AIMC's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Carl Christenson (61 yo)
Mr. Carl R. Christenson has been an Independent Director of IDEX Corporation since June 17, 2019. Mr. Christenson has been the Chief Executive Officer and President of Altra Industrial Motion Corp. since J...
CEO Compensation Analysis
Compensation vs Market: Carl's total compensation ($USD6.24M) is about average for companies of similar size in the US market ($USD5.16M).
Compensation vs Earnings: Carl's compensation has been consistent with company performance over the past year.
Experienced Management: AIMC's management team is seasoned and experienced (13.5 years average tenure).
Experienced Board: AIMC's board of directors are considered experienced (3.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Altra Industrial Motion Corp.'s employee growth, exchange listings and data sources
- Name: Altra Industrial Motion Corp.
- Ticker: AIMC
- Exchange: NasdaqGS
- Founded: 2004
- Industry: Industrial Machinery
- Sector: Capital Goods
- Market Cap: US$3.548b
- Shares outstanding: 64.79m
- Website: https://www.altramotion.com
Number of Employees
- Altra Industrial Motion Corp.
- 300 Granite Street
- Suite 201
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/22 23:05|
|End of Day Share Price||2021/10/22 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.