Albany International
Market Cap
US$2.8b
Last Updated
2021/04/17 22:13 UTC
Data Sources
Company Financials +
Executive Summary
Albany International Corp., together with its subsidiaries, engages in the textile and materials processing business. More Details
Snowflake Analysis
Excellent balance sheet average dividend payer.
Similar Companies
Share Price & News
How has Albany International's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: AIN is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: AIN's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
1.5%
AIN
1.1%
US Machinery
1.3%
US Market
1 Year Return
83.3%
AIN
88.6%
US Machinery
53.9%
US Market
Return vs Industry: AIN underperformed the US Machinery industry which returned 88.6% over the past year.
Return vs Market: AIN exceeded the US Market which returned 53.9% over the past year.
Shareholder returns
| AIN | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.5% | 1.1% | 1.3% |
| 30 Day | 1.6% | 0.8% | 3.3% |
| 90 Day | 15.7% | 13.3% | 8.9% |
| 1 Year | 85.4%83.3% | 93.2%88.6% | 56.6%53.9% |
| 3 Year | 43.2%38.2% | 61.7%50.2% | 64.4%53.6% |
| 5 Year | 127.6%113.7% | 158.7%132.4% | 120.4%95.7% |
Long-Term Price Volatility Vs. Market
How volatile is Albany International's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 days ago | Simply Wall St
Does Albany International Corp. (NYSE:AIN) Have A Place In Your Dividend Portfolio?2 weeks ago | Simply Wall St
Is Now An Opportune Moment To Examine Albany International Corp. (NYSE:AIN)?1 month ago | Simply Wall St
Why You Might Be Interested In Albany International Corp. (NYSE:AIN) For Its Upcoming DividendValuation
Is Albany International undervalued compared to its fair value and its price relative to the market?
28.85x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: AIN ($87.98) is trading above our estimate of fair value ($71.95)
Significantly Below Fair Value: AIN is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: AIN is good value based on its PE Ratio (28.9x) compared to the US Machinery industry average (35.8x).
PE vs Market: AIN is poor value based on its PE Ratio (28.9x) compared to the US market (22.5x).
Price to Earnings Growth Ratio
PEG Ratio: AIN is poor value based on its PEG Ratio (3.4x)
Price to Book Ratio
PB vs Industry: AIN is overvalued based on its PB Ratio (3.5x) compared to the US Machinery industry average (3.3x).
Future Growth
How is Albany International forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
8.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AIN's forecast earnings growth (8.6% per year) is above the savings rate (2%).
Earnings vs Market: AIN's earnings (8.6% per year) are forecast to grow slower than the US market (18.1% per year).
High Growth Earnings: AIN's earnings are forecast to grow, but not significantly.
Revenue vs Market: AIN's revenue (4.8% per year) is forecast to grow slower than the US market (9.3% per year).
High Growth Revenue: AIN's revenue (4.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: AIN's Return on Equity is forecast to be low in 3 years time (11.5%).
Past Performance
How has Albany International performed over the past 5 years?
18.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AIN has high quality earnings.
Growing Profit Margin: AIN's current net profit margins (10.9%) are lower than last year (12.5%).
Past Earnings Growth Analysis
Earnings Trend: AIN's earnings have grown by 18.9% per year over the past 5 years.
Accelerating Growth: AIN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: AIN had negative earnings growth (-25.4%) over the past year, making it difficult to compare to the Machinery industry average (-13.3%).
Return on Equity
High ROE: AIN's Return on Equity (11.9%) is considered low.
Financial Health
How is Albany International's financial position?
Financial Position Analysis
Short Term Liabilities: AIN's short term assets ($717.3M) exceed its short term liabilities ($190.9M).
Long Term Liabilities: AIN's short term assets ($717.3M) exceed its long term liabilities ($539.2M).
Debt to Equity History and Analysis
Debt Level: AIN's debt to equity ratio (50.1%) is considered high.
Reducing Debt: AIN's debt to equity ratio has reduced from 53.3% to 50.1% over the past 5 years.
Debt Coverage: AIN's debt is well covered by operating cash flow (34.1%).
Interest Coverage: AIN's interest payments on its debt are well covered by EBIT (12.5x coverage).
Balance Sheet
Dividend
What is Albany International current dividend yield, its reliability and sustainability?
0.91%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: AIN's dividend (0.91%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.24%).
High Dividend: AIN's dividend (0.91%) is low compared to the top 25% of dividend payers in the US market (3.46%).
Stability and Growth of Payments
Stable Dividend: AIN's dividends per share have been stable in the past 10 years.
Growing Dividend: AIN's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (25.2%), AIN's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: AIN's dividends in 3 years are forecast to be well covered by earnings (19.6% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.3yrs
Average management tenure
CEO
Bill Higgins (62 yo)
1.25yrs
Tenure
US$3,734,978
Compensation
Mr. Andrew William Higgins, also known as Bill, serves as President and Chief executive officer of Albany International Corp. since January 20, 2020 and served as its the Chairman since February 25, 2019 u...
CEO Compensation Analysis
Compensation vs Market: Bill's total compensation ($USD3.73M) is about average for companies of similar size in the US market ($USD5.13M).
Compensation vs Earnings: Bill's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
Experienced Management: AIN's management team is considered experienced (2.3 years average tenure).
Board Members
Experienced Board: AIN's board of directors are considered experienced (4.5 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.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Albany International Corp.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Albany International Corp.
- Ticker: AIN
- Exchange: NYSE
- Founded: 1895
- Industry: Industrial Machinery
- Sector: Capital Goods
- Market Cap: US$2.844b
- Shares outstanding: 32.37m
- Website: https://www.albint.com
Number of Employees
Location
- Albany International Corp.
- 216 Airport Drive
- Rochester
- New Hampshire
- 3867
- United States
Listings
Biography
Albany International Corp., together with its subsidiaries, engages in the textile and materials processing business. The company operates in two segments, Machine Clothing (MC) and Albany Engineered Compo...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/17 22:13 |
| End of Day Share Price | 2021/04/16 00:00 |
| Earnings | 2020/12/31 |
| 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.