NYSE:AIN

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

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

11.1%

AIN

2.2%

US Machinery

-0.4%

US Market


1 Year Return

34.5%

AIN

57.1%

US Machinery

36.2%

US Market

Return vs Industry: AIN underperformed the US Machinery industry which returned 56.9% over the past year.

Return vs Market: AIN underperformed the US Market which returned 36.3% over the past year.


Shareholder returns

AINIndustryMarket
7 Day11.1%2.2%-0.4%
30 Day19.2%7.0%-2.3%
90 Day21.8%14.0%5.0%
1 Year36.5%34.5%60.9%57.1%39.1%36.2%
3 Year38.2%33.4%45.5%35.1%48.4%39.0%
5 Year145.4%129.9%157.7%131.3%116.6%92.4%

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

Valuation

Is Albany International undervalued compared to its fair value and its price relative to the market?

28.8x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: AIN ($87.84) is trading above our estimate of fair value ($75.61)

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 (28.8x) compared to the US Machinery industry average (34.4x).

PE vs Market: AIN is poor value based on its PE Ratio (28.8x) compared to the US market (21.5x).


Price to Earnings Growth Ratio

PEG Ratio: AIN is poor value based on its PEG Ratio (3.5x)


Price to Book Ratio

PB vs Industry: AIN is overvalued based on its PB Ratio (3.5x) compared to the US Machinery industry average (3.2x).


Next Steps

Future Growth

How is Albany International forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

8.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AIN's forecast earnings growth (8.2% per year) is above the savings rate (2%).

Earnings vs Market: AIN's earnings (8.2% per year) are forecast to grow slower than the US market (19.3% per year).

High Growth Earnings: AIN's earnings are forecast to grow, but not significantly.

Revenue vs Market: AIN's revenue is expected to decline over the next 3 years (-3.2% per year).

High Growth Revenue: AIN's revenue is forecast to decline over the next 3 years (-3.2% 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%).


Next Steps

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 (-12.2%).


Return on Equity

High ROE: AIN's Return on Equity (11.9%) is considered low.


Next Steps

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


Next Steps

Dividend

What is Albany International current dividend yield, its reliability and sustainability?

0.91%

Current Dividend Yield


Upcoming Dividend Payment


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 (1.31%).

High Dividend: AIN's dividend (0.91%) is low compared to the top 25% of dividend payers in the US market (3.64%).


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?

2.2yrs

Average management tenure


CEO

Bill Higgins (62 yo)

1.17yrs

Tenure

US$241,750

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...


Leadership Team

NamePositionTenureCompensationOwnership
Andrew Higgins
President1.17yrsUS$241.75k0.021%
$ 592.0k
Stephen Nolan
CFO & Treasurer1.92yrsUS$1.74m0.019%
$ 552.0k
Alice McCarvill
Executive VP of Human Resources & Chief Human Resources Officer3yrsUS$799.31kno data
Daniel Halftermeyer
President of Machine Clothing9.08yrsUS$1.73m0.28%
$ 8.1m
David Pawlick
VP, Controller & Principal Accounting Officerno datano data0.010%
$ 295.0k
Robert Hansen
Senior VP & CTO11.17yrsUS$743.94k0.057%
$ 1.6m
John Hobbs
Director of Investor Relationsno datano datano data
Joseph Gaug
VP, Secretary & General Counsel0.83yrno data0.0035%
$ 98.2k
Susan Siegel
Vice President of Corporate Communicationsno datano datano data
Gregory Harwell
President of Albany Engineered Composites2.17yrsno datano data

2.2yrs

Average Tenure

58yo

Average Age

Experienced Management: AIN's management team is considered experienced (2.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Andrew Higgins
President1.17yrsUS$241.75k0.021%
$ 592.0k
John Cassidy
Independent Director15.33yrsUS$178.75k0.073%
$ 2.1m
Kenneth Krueger
Independent Director4.25yrsUS$185.25k0.021%
$ 590.6k
Erland Kailbourne
Independent Chairman of the Board1.17yrsUS$184.00k0.13%
$ 3.7m
Christine Standish
Independent Director24.17yrsUS$166.12k0.022%
$ 620.4k
Katharine Plourde
Independent Director7.83yrsUS$200.25k0.037%
$ 1.0m
J. McQuade
Director0.25yrno data0.0027%
$ 77.2k
Lee Wortham
Independent Director2.83yrsUS$167.50k0.014%
$ 387.0k
John Scannell
Independent Director9.08yrsUS$167.50k0.048%
$ 1.4m
Mark Murphy
Independent Director1.83yrsUS$127.50k0.012%
$ 342.7k

4.4yrs

Average Tenure

63yo

Average Age

Experienced Board: AIN's board of directors are considered experienced (4.4 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$2.839b
  • Shares outstanding: 32.32m
  • Website: https://www.albint.com

Number of Employees


Location

  • Albany International Corp.
  • 216 Airport Drive
  • Rochester
  • New Hampshire
  • 3867
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AINNYSE (New York Stock Exchange)YesClass A Common StockUSUSDSep 1987
AIIDB (Deutsche Boerse AG)YesClass A Common StockDEEURSep 1987

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/06 23:44
End of Day Share Price2021/03/05 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.