Astec Industries
Market Cap
US$1.2b
Last Updated
2020/09/30 23:41 UTC
Data Sources
Company Financials +
Executive Summary
Astec Industries, Inc. manufactures and sells equipment and components for the road building, aggregate processing, geothermal, water, oil and gas, and wood processing industries in the United States and internationally. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet with moderate growth potential.
Similar Companies
Share Price & News
How has Astec Industries's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ASTE has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
8.1%
ASTE
3.1%
US Machinery
3.9%
US Market
1 Year Return
86.1%
ASTE
15.9%
US Machinery
18.5%
US Market
Return vs Industry: ASTE exceeded the US Machinery industry which returned 14.5% over the past year.
Return vs Market: ASTE exceeded the US Market which returned 17.2% over the past year.
Shareholder returns
| ASTE | Industry | Market | |
|---|---|---|---|
| 7 Day | 8.1% | 3.1% | 3.9% |
| 30 Day | 2.9% | -1.3% | -4.3% |
| 90 Day | 19.2% | 12.7% | 8.1% |
| 1 Year | 88.2%86.1% | 18.2%15.9% | 21.2%18.5% |
| 3 Year | 3.6%0.4% | 18.9%11.1% | 38.2%29.0% |
| 5 Year | 55.4%48.2% | 90.0%68.5% | 84.3%63.4% |
Price Volatility Vs. Market
How volatile is Astec Industries's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Here's Why Astec Industries's (NASDAQ:ASTE) Statutory Earnings Are Arguably Too Conservative1 month ago | Simply Wall St
Here's What's Concerning About Astec Industries (NASDAQ:ASTE)2 months ago | Simply Wall St
At US$44.84, Is Astec Industries, Inc. (NASDAQ:ASTE) Worth Looking At Closely?Valuation
Is Astec Industries undervalued compared to its fair value and its price relative to the market?
84.03x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: ASTE ($54.25) is trading above our estimate of fair value ($10.36)
Significantly Below Fair Value: ASTE is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: ASTE is poor value based on its PE Ratio (84x) compared to the US Machinery industry average (24.3x).
PE vs Market: ASTE is poor value based on its PE Ratio (84x) compared to the US market (17.9x).
Price to Earnings Growth Ratio
PEG Ratio: ASTE is poor value based on its PEG Ratio (1.3x)
Price to Book Ratio
PB vs Industry: ASTE is good value based on its PB Ratio (2x) compared to the US Machinery industry average (2.1x).
Next Steps
Future Growth
How is Astec Industries forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
64.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ASTE's forecast earnings growth (64.4% per year) is above the savings rate (2.2%).
Earnings vs Market: ASTE's earnings (64.4% per year) are forecast to grow faster than the US market (22.1% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: ASTE's revenue (5.3% per year) is forecast to grow slower than the US market (9.9% per year).
High Growth Revenue: ASTE's revenue (5.3% 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 ASTE's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Astec Industries performed over the past 5 years?
-34.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ASTE has a large one-off loss of $11.2M impacting its June 30 2020 financial results.
Growing Profit Margin: ASTE became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: ASTE's earnings have declined by 34.1% per year over the past 5 years.
Accelerating Growth: ASTE has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: ASTE has become profitable in the last year, making it difficult to compare its past year earnings growth to the Machinery industry (-12.7%).
Return on Equity
High ROE: ASTE's Return on Equity (2.3%) is considered low.
Next Steps
Financial Health
How is Astec Industries's financial position?
Financial Position Analysis
Short Term Liabilities: ASTE's short term assets ($530.4M) exceed its short term liabilities ($144.0M).
Long Term Liabilities: ASTE's short term assets ($530.4M) exceed its long term liabilities ($28.0M).
Debt to Equity History and Analysis
Debt Level: ASTE's debt to equity ratio (0.2%) is considered satisfactory.
Reducing Debt: ASTE's debt to equity ratio has reduced from 1.9% to 0.2% over the past 5 years.
Debt Coverage: ASTE's debt is well covered by operating cash flow (11001.2%).
Interest Coverage: ASTE earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is Astec Industries's current dividend yield, its reliability and sustainability?
0.81%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ASTE's dividend (0.81%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.72%).
High Dividend: ASTE's dividend (0.81%) is low compared to the top 25% of dividend payers in the US market (4.89%).
Stability and Growth of Payments
Stable Dividend: ASTE is not paying a notable dividend for the US market, therefore no need to check if payments are stable.
Growing Dividend: ASTE 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: ASTE is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of ASTE's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.1yrs
Average management tenure
CEO
Barry Ruffalo (50 yo)
1.08yrs
Tenure
US$1,729,876
Compensation
Mr. Barry A. Ruffalo serves as President, Chief Executive Officer and Director at Astec Industries, Inc. since August 12, 2019. He had been Group President of Engineered Support Structures for Valmont Indu ...
CEO Compensation Analysis
Compensation vs Market: Barry's total compensation ($USD1.73M) is below average for companies of similar size in the US market ($USD4.57M).
Compensation vs Earnings: Insufficient data to compare Barry's compensation with company performance.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1.08yrs | US$1.73m | 0.024% $ 289.1k | |
| Chief Financial Officer | 0.75yr | US$303.41k | 0.0013% $ 16.4k | |
| Group President of Aggregate & Mining | 6.08yrs | US$553.66k | 0.049% $ 604.2k | |
| Group President of Infrastructure | 4.08yrs | US$541.57k | 0.022% $ 273.9k | |
| Senior Vice President of Innovation | 1.67yrs | US$532.10k | no data | |
| Chief Information Officer | 1yr | no data | no data | |
| Senior VP of Administration | 9.08yrs | no data | 0.017% $ 210.8k | |
| Senior Vice President of Global Operational Excellence | 0.92yr | no data | no data | |
| Group President of Mobile | 0.83yr | no data | 0.015% $ 178.4k |
1.1yrs
Average Tenure
53yo
Average Age
Experienced Management: ASTE's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1.08yrs | US$1.73m | 0.024% $ 289.1k | |
| Independent Director | 10.67yrs | US$135.00k | 0.050% $ 612.7k | |
| Independent Director | 1.5yrs | US$99.14k | 0.0087% $ 106.8k | |
| Independent Director | 6.67yrs | US$127.50k | 0.017% $ 210.3k | |
| Independent Director | 26.67yrs | US$132.50k | 0.035% $ 434.4k | |
| Independent Chairman of the Board | 1.67yrs | US$143.12k | 0.025% $ 305.7k | |
| Independent Director | 9.42yrs | US$137.50k | 0.087% $ 1.1m | |
| Independent Director | 14.42yrs | US$127.50k | 0.066% $ 809.7k | |
| Lead Independent Director | no data | US$142.50k | 0.14% $ 1.8m | |
| Independent Director | 1.92yrs | US$118.74k | 0.0087% $ 106.8k | |
| Independent Director | 1.83yrs | US$116.43k | 0.0087% $ 106.8k |
6.7yrs
Average Tenure
73yo
Average Age
Experienced Board: ASTE's board of directors are considered experienced (6.7 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: ASTE insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Astec Industries, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Astec Industries, Inc.
- Ticker: ASTE
- Exchange: NasdaqGS
- Founded: 1972
- Industry: Construction Machinery and Heavy Trucks
- Sector: Capital Goods
- Market Cap: US$1.226b
- Shares outstanding: 22.60m
- Website: https://www.astecindustries.com
Number of Employees
Location
- Astec Industries, Inc.
- 1725 Shepherd Road
- Chattanooga
- Tennessee
- 37421
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ASTE | NasdaqGS (Nasdaq Global Select) | Yes | Common Shares | US | USD | Jun 1986 |
| AI2 | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Jun 1986 |
Biography
Astec Industries, Inc. manufactures and sells equipment and components for the road building, aggregate processing, geothermal, water, oil and gas, and wood processing industries in the United States and i ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/09/30 23:41 |
| End of Day Share Price | 2020/09/30 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.