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AIN

Albany InternationalNYSE:AIN Stock Report

Last Price

US$83.37

Market Cap

US$2.7b

7D

-3.9%

1Y

13.0%

Updated

26 Jan, 2022

Data

Company Financials +
AIN fundamental analysis
Snowflake Score
Valuation1/6
Future Growth1/6
Past Performance3/6
Financial Health6/6
Dividends4/6

AIN Stock Overview

Albany International Corp., together with its subsidiaries, engages in the textile and materials processing business.

Albany International Competitors

Valmet Oyj

HLSE:VALMT

€4.9b

Andritz

WBAG:ANDR

€4.5b

Price History & Performance

Summary of all time highs, changes and price drops for Albany International
Historical stock prices
Current Share PriceUS$83.37
52 Week HighUS$93.43
52 Week LowUS$65.14
Beta1.37
1 Month Change-5.83%
3 Month Change5.05%
1 Year Change13.01%
3 Year Change23.60%
5 Year Change75.70%
Change since IPO358.08%

Recent News & Updates

Jan 20
Here's Why I Think Albany International (NYSE:AIN) Is An Interesting Stock

Here's Why I Think Albany International (NYSE:AIN) Is An Interesting Stock

It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...

Jan 06
Albany International Corp.'s (NYSE:AIN) Intrinsic Value Is Potentially 20% Below Its Share Price

Albany International Corp.'s (NYSE:AIN) Intrinsic Value Is Potentially 20% Below Its Share Price

Today we will run through one way of estimating the intrinsic value of Albany International Corp. ( NYSE:AIN ) by...

Nov 27
Is Now An Opportune Moment To Examine Albany International Corp. (NYSE:AIN)?

Is Now An Opportune Moment To Examine Albany International Corp. (NYSE:AIN)?

Albany International Corp. ( NYSE:AIN ), might not be a large cap stock, but it saw a double-digit share price rise of...

Nov 09
Investors Will Want Albany International's (NYSE:AIN) Growth In ROCE To Persist

Investors Will Want Albany International's (NYSE:AIN) Growth In ROCE To Persist

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...

Oct 27
We Think Albany International (NYSE:AIN) Can Stay On Top Of Its Debt

We Think Albany International (NYSE:AIN) Can Stay On Top Of Its Debt

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Shareholder Returns

AINUS MachineryUS Market
7D-3.9%-5.0%-5.1%
1Y13.0%5.8%3.3%

Return vs Industry: AIN exceeded the US Machinery industry which returned 6.6% over the past year.

Return vs Market: AIN exceeded the US Market which returned 4.2% over the past year.

Price Volatility

Is AIN's price volatile compared to industry and market?
AIN volatility
AIN Average Weekly Movement4.3%
Machinery Industry Average Movement4.9%
Market Average Movement6.7%
10% most volatile stocks in US Market15.4%
10% least volatile stocks in US Market2.4%

Stable Share Price: AIN is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: AIN's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18954,000Bill Higginshttps://www.albint.com

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 Composites (AEC). The MC segment designs, manufactures, and markets paper machine clothing for use in manufacturing papers, paperboards, tissues, and towels.

Albany International Fundamentals Summary

How do Albany International's earnings and revenue compare to its market cap?
AIN fundamental statistics
Market CapUS$2.70b
Earnings (TTM)US$117.38m
Revenue (TTM)US$916.18m

23.0x

P/E Ratio

2.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AIN income statement (TTM)
RevenueUS$916.18m
Cost of RevenueUS$542.55m
Gross ProfitUS$373.63m
ExpensesUS$256.26m
EarningsUS$117.38m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Feb 15, 2022

Earnings per share (EPS)3.62
Gross Margin40.78%
Net Profit Margin12.81%
Debt/Equity Ratio40.6%

How did AIN perform over the long term?

See historical performance and comparison

Dividends

1.0%

Current Dividend Yield

22%

Payout Ratio

Valuation

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

23x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: AIN ($83.37) is trading above our estimate of fair value ($70.06)

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 (23x) compared to the US Machinery industry average (28x).

PE vs Market: AIN is poor value based on its PE Ratio (23x) compared to the US market (16.5x).


Price to Earnings Growth Ratio

PEG Ratio: AIN is poor value based on its PEG Ratio (2.9x)


Price to Book Ratio

PB vs Industry: AIN is overvalued based on its PB Ratio (3.1x) compared to the US Machinery industry average (2.7x).


Future Growth

How is Albany International forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

8.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AIN's forecast earnings growth (8% per year) is above the savings rate (2%).

Earnings vs Market: AIN's earnings (8% per year) are forecast to grow slower than the US market (13% per year).

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

Revenue vs Market: AIN's revenue (7.4% per year) is forecast to grow slower than the US market (9.1% per year).

High Growth Revenue: AIN's revenue (7.4% 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 (13%).


Past Performance

How has Albany International performed over the past 5 years?

20.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AIN has high quality earnings.

Growing Profit Margin: AIN's current net profit margins (12.8%) are higher than last year (10.8%).


Past Earnings Growth Analysis

Earnings Trend: AIN's earnings have grown significantly by 20.6% per year over the past 5 years.

Accelerating Growth: AIN's earnings growth over the past year (17.1%) is below its 5-year average (20.6% per year).

Earnings vs Industry: AIN earnings growth over the past year (17.1%) underperformed the Machinery industry 34.4%.


Return on Equity

High ROE: AIN's Return on Equity (13.4%) is considered low.


Financial Health

How is Albany International's financial position?


Financial Position Analysis

Short Term Liabilities: AIN's short term assets ($751.9M) exceed its short term liabilities ($181.5M).

Long Term Liabilities: AIN's short term assets ($751.9M) exceed its long term liabilities ($478.4M).


Debt to Equity History and Analysis

Debt Level: AIN's net debt to equity ratio (8.1%) is considered satisfactory.

Reducing Debt: AIN's debt to equity ratio has reduced from 94.2% to 40.6% over the past 5 years.

Debt Coverage: AIN's debt is well covered by operating cash flow (57.3%).

Interest Coverage: AIN's interest payments on its debt are well covered by EBIT (11.5x coverage).


Balance Sheet


Dividend

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

1.01%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: AIN's dividend (1.01%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.36%).

High Dividend: AIN's dividend (1.01%) is low compared to the top 25% of dividend payers in the US market (3.57%).


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 low payout ratio (22.1%), 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 (19.8% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.9yrs

Average management tenure


CEO

Bill Higgins (63 yo)

2yrs

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 ($USD3.73M) is about average for companies of similar size in the US market ($USD5.29M).

Compensation vs Earnings: Bill's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: AIN's management team is considered experienced (2.9 years average tenure).


Board Members

Experienced Board: AIN's board of directors are considered experienced (5.3 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 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
  • Implied Market Cap: US$2.700b
  • Shares outstanding: 32.38m
  • Website: https://www.albint.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/26 00:53
End of Day Share Price2022/01/25 00:00
Earnings2021/09/30
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.