NasdaqCM:ASV

Stock Analysis Report

Executive Summary

ASV Holdings, Inc. designs and manufactures compact construction equipment in North America, Australia, and New Zealand.

Snowflake

Fundamentals

Imperfect balance sheet and overvalued.


Similar Companies

Share Price & News

How has ASV Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-0.02%

ASV

2.5%

US Machinery

0.5%

US Market


1 Year Return

17.1%

ASV

8.6%

US Machinery

6.8%

US Market

Return vs Industry: ASV exceeded the US Machinery industry which returned 8.6% over the past year.

Return vs Market: ASV exceeded the US Market which returned 6.8% over the past year.


Shareholder returns

ASVIndustryMarket
7 Day-0.02%2.5%0.5%
30 Day0.4%1.6%-0.8%
90 Day280.5%-0.6%-0.9%
1 Year17.1%17.1%10.9%8.6%9.2%6.8%
3 Yearn/a49.9%40.2%45.6%36.2%
5 Yearn/a57.8%38.6%63.2%45.4%

Price Volatility Vs. Market

How volatile is ASV Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is ASV Holdings undervalued compared to its fair value and its price relative to the market?

2.09x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate ASV's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate ASV's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: ASV is unprofitable, so we can't compare its PE Ratio to the Machinery industry average.

PE vs Market: ASV is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ASV's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ASV is good value based on its PB Ratio (2.1x) compared to the US Machinery industry average (2.2x).


Next Steps

Future Growth

How is ASV Holdings forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

6.5%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if ASV's forecast earnings growth is above the savings rate (2.7%).

Earnings vs Market: Insufficient data to determine if ASV's earnings are forecast to grow faster than the US market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ASV's revenue (6.5% per year) is forecast to grow slower than the US market (7.2% per year).

High Growth Revenue: ASV's revenue (6.5% 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 ASV's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has ASV Holdings performed over the past 5 years?

-119.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: ASV is unprofitable, and losses have increased over the past 5 years at a rate of -119.6% per year.

Accelerating Growth: Unable to compare ASV's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: ASV is unprofitable, making it difficult to compare its past year earnings growth to the Machinery industry (17.5%).


Return on Equity

High ROE: ASV has a negative Return on Equity (-99.19%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: ASV is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: ASV is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is ASV Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: ASV's short term assets ($49.7M) exceeds its short term liabilities ($20.1M)

Long Term Liabilities: ASV's short term assets (49.7M) exceeds its long term liabilities (28.9M)


Debt to Equity History and Analysis

Debt Level: ASV's debt to equity ratio (88.3%) is considered high

Reducing Debt: Insufficient data to determine if ASV's debt to equity ratio has reduced over the past 5 years.


Balance Sheet

Inventory Level: ASV has a high level of physical assets or inventory.

Debt Coverage by Assets: ASV's debt is covered by short term assets (assets are 1.685970x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: ASV has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: ASV has less than a year of cash runway if free cash flow continues to reduce at historical rates of -79.7% each year


Next Steps

Dividend

What is ASV Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage2.1%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate ASV's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate ASV's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if ASV's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ASV's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ASV's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

What is the CEO of ASV Holdings's salary, the management and board of directors tenure and is there insider trading?

1.9yrs

Average management tenure


CEO

Andrew Rooke (61yo)

2.8yrs

Tenure

US$540,182

Compensation

Mr. Andrew M. Rooke has been the Chief Executive Officer of ASV Holdings, Inc. (formerly known as: A.S.V., LLC) since December 14, 2016 and served as its President and Chief Operating Officer. Mr. Rooke se ...


CEO Compensation Analysis

Compensation vs. Market: Insufficient data to establish whether Andrew's total compensation is reasonable compared to companies of similar size in the US market.

Compensation vs Earnings: Andrew's compensation has been consistent with company performance over the past year.


Management Age and Tenure

1.9yrs

Average Tenure

54yo

Average Age

Experienced Management: ASV's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.


Board Age and Tenure

2.3yrs

Average Tenure

61yo

Average Age

Experienced Board: ASV's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

SellUS$3830 Jul 19
Michael Lisi
EntityIndividual
Role
Member of the Board of Directors
Director
Shares18
Max PriceUS$2.12

Ownership Breakdown


Management Team

  • Andrew Rooke (61yo)

    Chairman & CEO

    • Tenure: 2.8yrs
    • Compensation: US$540.18k
  • Melissa How (49yo)

    CFO & Secretary

    • Tenure: 2.3yrs
    • Compensation: US$242.39k
  • Justin Rupar (49yo)

    Vice President of Sales & Marketing

    • Tenure: 1.5yrs
    • Compensation: US$280.13k
  • Thomas Foster (59yo)

    Vice President of Operations & Supply Chain

    • Tenure: 1.4yrs
  • Lori Gill

    Director of Corporate Core Values & HR

    • Tenure: 0yrs

Board Members

  • Brian Henry (60yo)

    Director

    • Tenure: 2.3yrs
    • Compensation: US$51.12k
  • Andrew Rooke (61yo)

    Chairman & CEO

    • Tenure: 2.8yrs
    • Compensation: US$540.18k
  • Joe Nowicki (57yo)

    Director

    • Tenure: 2.3yrs
    • Compensation: US$59.12k
  • David Rooney (64yo)

    Director

    • Tenure: 2.3yrs
    • Compensation: US$59.12k
  • Michael Lisi (62yo)

    Director

    • Tenure: 2.3yrs
    • Compensation: US$56.12k

Company Information

ASV Holdings, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: ASV Holdings, Inc.
  • Ticker: ASV
  • Exchange: NasdaqCM
  • Founded: 1983
  • Industry: Construction Machinery and Heavy Trucks
  • Sector: Capital Goods
  • Market Cap: US$69.765m
  • Shares outstanding: 9.91m
  • Website: https://www.asvi.com

Number of Employees


Location

  • ASV Holdings, Inc.
  • 840 Lily Lane
  • Grand Rapids
  • Minnesota
  • 55744
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ASVNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDMay 2017

Biography

ASV Holdings, Inc. designs and manufactures compact construction equipment in North America, Australia, and New Zealand. It offers compact track loader and skid steer loader equipment under the ASV brand.  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/12 00:32
End of Day Share Price2019/09/11 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.