Astec Industries
Market Cap
US$1.4b
Last Updated
2021/07/24 00:40 UTC
Data Sources
Company Financials +
Executive Summary
Astec Industries, Inc. designs, engineers, manufactures, and markets equipment and components used primarily in road building and related construction activities in the United States and internationally. More Details
Rewards
Risk Analysis
No risks detected for ASTE from our risk checks.
Snowflake Analysis
Flawless balance sheet with proven track record.
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 is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: ASTE's weekly volatility (6%) has been stable over the past year.
Market Performance
7 Day Return
1.5%
ASTE
1.6%
US Machinery
2.0%
US Market
1 Year Return
32.5%
ASTE
47.2%
US Machinery
39.1%
US Market
Return vs Industry: ASTE underperformed the US Machinery industry which returned 45.3% over the past year.
Return vs Market: ASTE underperformed the US Market which returned 36.9% over the past year.
Shareholder returns
| ASTE | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.5% | 1.6% | 2.0% |
| 30 Day | -1.9% | 1.1% | 2.3% |
| 90 Day | -23.9% | -3.3% | 3.5% |
| 1 Year | 33.4%32.5% | 50.3%47.2% | 41.3%39.1% |
| 3 Year | 27.0%23.1% | 61.3%51.8% | 64.0%53.8% |
| 5 Year | 3.1%-1.5% | 138.0%113.0% | 123.8%99.0% |
Long-Term 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
6 days ago | Simply Wall St
Should You Think About Buying Astec Industries, Inc. (NASDAQ:ASTE) Now?3 weeks ago | Simply Wall St
Who Has Been Selling Astec Industries, Inc. (NASDAQ:ASTE) Shares?1 month ago | Simply Wall St
Is Astec Industries, Inc.'s (NASDAQ:ASTE) Stock Price Struggling As A Result Of Its Mixed Financials?Valuation
Is Astec Industries undervalued compared to its fair value and its price relative to the market?
38.37x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: ASTE ($59.4) is trading above our estimate of fair value ($54.64)
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 (38.4x) compared to the US Machinery industry average (33.3x).
PE vs Market: ASTE is poor value based on its PE Ratio (38.4x) compared to the US market (18.6x).
Price to Earnings Growth Ratio
PEG Ratio: ASTE is good value based on its PEG Ratio (0.8x)
Price to Book Ratio
PB vs Industry: ASTE is good value based on its PB Ratio (2.1x) compared to the US Machinery industry average (2.9x).
Future Growth
How is Astec Industries forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
48.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ASTE's forecast earnings growth (48.2% per year) is above the savings rate (2%).
Earnings vs Market: ASTE's earnings (48.2% per year) are forecast to grow faster than the US market (15.1% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: ASTE's revenue (11.5% per year) is forecast to grow faster than the US market (9.3% per year).
High Growth Revenue: ASTE's revenue (11.5% 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
Past Performance
How has Astec Industries performed over the past 5 years?
-20.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ASTE has high quality earnings.
Growing Profit Margin: ASTE's current net profit margins (3.4%) are higher than last year (2.5%).
Past Earnings Growth Analysis
Earnings Trend: ASTE's earnings have declined by 20.8% per year over the past 5 years.
Accelerating Growth: ASTE's earnings growth over the past year (22.3%) exceeds its 5-year average (-20.8% per year).
Earnings vs Industry: ASTE earnings growth over the past year (22.3%) exceeded the Machinery industry -6.2%.
Return on Equity
High ROE: ASTE's Return on Equity (5.4%) is considered low.
Financial Health
How is Astec Industries's financial position?
Financial Position Analysis
Short Term Liabilities: ASTE's short term assets ($592.0M) exceed its short term liabilities ($185.1M).
Long Term Liabilities: ASTE's short term assets ($592.0M) exceed its long term liabilities ($36.2M).
Debt to Equity History and Analysis
Debt Level: ASTE is debt free.
Reducing Debt: ASTE has no debt compared to 5 years ago when its debt to equity ratio was 1.7%.
Debt Coverage: ASTE has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: ASTE has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Dividend
What is Astec Industries's current dividend yield, its reliability and sustainability?
0.74%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ASTE's dividend (0.74%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.33%).
High Dividend: ASTE's dividend (0.74%) is low compared to the top 25% of dividend payers in the US market (3.55%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, ASTE has been paying a dividend for less than 10 years.
Growing Dividend: ASTE's dividend payments have increased, but the company has only paid a dividend for 8 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (28.4%), ASTE's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.6yrs
Average management tenure
CEO
Barry Ruffalo (51 yo)
1.92yrs
Tenure
US$2,678,565
Compensation
Mr. Barry A. Ruffalo serves as President, Chief Executive Officer and Director at Astec Industries, Inc. since August 12, 2019. He had been Group President of Engineered Support Structures for Valmont Indu...
CEO Compensation Analysis
Compensation vs Market: Barry's total compensation ($USD2.68M) is about average for companies of similar size in the US market ($USD3.72M).
Compensation vs Earnings: Barry's compensation has increased by more than 20% in the past year.
Leadership Team
Experienced Management: ASTE's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.
Board Members
Experienced Board: ASTE's board of directors are considered experienced (5.1 years average tenure).
Ownership
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
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$1.350b
- Shares outstanding: 22.73m
- Website: https://www.astecindustries.com
Number of Employees
Location
- Astec Industries, Inc.
- 1725 Shepherd Road
- Chattanooga
- Tennessee
- 37421
- United States
Listings
Biography
Astec Industries, Inc. designs, engineers, manufactures, and markets equipment and components used primarily in road building and related construction activities in the United States and internationally. T...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/07/24 00:40 |
| End of Day Share Price | 2021/07/23 00:00 |
| Earnings | 2021/03/31 |
| Annual Earnings | 2020/12/31 |
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.