Alta Equipment Group Inc.

NYSE:ALTG Stock Report

Market Cap: US$221.2m

Alta Equipment Group Valuation

Is ALTG undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ALTG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ALTG ($6.65) is trading below our estimate of fair value ($40.17)

Significantly Below Fair Value: ALTG is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ALTG?

Key metric: As ALTG is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for ALTG. This is calculated by dividing ALTG's market cap by their current revenue.
What is ALTG's PS Ratio?
PS Ratio0.1x
SalesUS$1.90b
Market CapUS$221.15m

Price to Sales Ratio vs Peers

How does ALTG's PS Ratio compare to its peers?

The above table shows the PS ratio for ALTG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.5x
EVI EVI Industries
0.7xn/aUS$247.9m
HDSN Hudson Technologies
1x1.7%US$239.1m
TITN Titan Machinery
0.1x-2.1%US$300.6m
LVRO Lavoro
0.4x4.0%US$601.3m
ALTG Alta Equipment Group
0.1x2.5%US$221.2m

Price-To-Sales vs Peers: ALTG is good value based on its Price-To-Sales Ratio (0.1x) compared to the peer average (0.5x).

Price to Sales Ratio vs Industry

How does ALTG's PS Ratio compare vs other companies in the US Trade Distributors Industry?

6 CompaniesPrice / SalesEstimated GrowthMarket Cap
Industry Avg.1.0x5.5%
ALTG Alta Equipment Group
 0.1x2.5%US$221.15m
TITN Titan Machinery
0.1x-2.1%US$300.60m
BYU BAIYU Holdings
0.07xn/aUS$8.94m
ALTG 0.1xIndustry Avg. 1.0xNo. of Companies11PS012345+
6 CompaniesEstimated GrowthMarket Cap
Industry Avg.1.0x9.0%
ALTG Alta Equipment Group
 0.1x48.5%US$221.15m
No more companies

Price-To-Sales vs Industry: ALTG is good value based on its Price-To-Sales Ratio (0.1x) compared to the US Trade Distributors industry average (1x).

Price to Sales Ratio vs Fair Ratio

What is ALTG's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ALTG PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.1x
Fair PS Ratio0.6x

Price-To-Sales vs Fair Ratio: ALTG is good value based on its Price-To-Sales Ratio (0.1x) compared to the estimated Fair Price-To-Sales Ratio (0.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ALTG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$6.65
US$12.66
+90.4%
31.1%US$20.00US$9.00n/a5
Dec ’25US$7.91
US$12.66
+60.1%
31.1%US$20.00US$9.00n/a5
Nov ’25US$6.60
US$15.50
+134.8%
47.2%US$30.00US$10.00n/a5
Oct ’25US$6.77
US$15.40
+127.5%
47.8%US$30.00US$10.00n/a5
Sep ’25US$6.74
US$15.40
+128.5%
47.8%US$30.00US$10.00n/a5
Aug ’25US$10.21
US$19.20
+88.1%
30.1%US$30.00US$14.00n/a5
Jul ’25US$7.77
US$19.20
+147.1%
30.1%US$30.00US$14.00n/a5
Jun ’25US$8.44
US$19.20
+127.5%
30.1%US$30.00US$14.00n/a5
May ’25US$11.19
US$22.19
+98.3%
19.2%US$30.00US$17.47n/a5
Apr ’25US$12.54
US$22.19
+77.0%
19.2%US$30.00US$17.47n/a5
Mar ’25US$11.57
US$22.25
+92.3%
23.1%US$30.00US$14.73n/a5
Feb ’25US$11.06
US$22.25
+101.1%
23.1%US$30.00US$14.73n/a5
Jan ’25US$12.37
US$22.25
+79.8%
23.1%US$30.00US$14.73n/a5
Dec ’24US$10.31
US$22.25
+115.8%
23.1%US$30.00US$14.73US$7.915
Nov ’24US$9.25
US$22.73
+145.7%
22.0%US$30.00US$14.64US$6.605
Oct ’24US$12.06
US$24.75
+105.2%
13.2%US$30.00US$22.00US$6.774
Sep ’24US$14.64
US$24.75
+69.1%
13.2%US$30.00US$22.00US$6.744
Aug ’24US$16.30
US$24.75
+51.8%
13.2%US$30.00US$22.00US$10.214
Jul ’24US$17.33
US$24.75
+42.8%
13.2%US$30.00US$22.00US$7.774
Jun ’24US$13.52
US$24.75
+83.1%
13.2%US$30.00US$22.00US$8.444
May ’24US$13.87
US$24.75
+78.4%
13.2%US$30.00US$22.00US$11.194
Apr ’24US$15.85
US$24.75
+56.2%
13.2%US$30.00US$22.00US$12.544
Mar ’24US$18.86
US$21.25
+12.7%
11.7%US$25.00US$19.00US$11.574
Feb ’24US$17.17
US$21.25
+23.8%
11.7%US$25.00US$19.00US$11.064
Jan ’24US$13.19
US$20.75
+57.3%
14.6%US$25.00US$17.00US$12.374
Dec ’23US$12.26
US$20.75
+69.2%
14.6%US$25.00US$17.00US$10.314

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 03:22
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Alta Equipment Group Inc. is covered by 5 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Alexander RygielB. Riley Securities, Inc.
Matt SummervilleD.A. Davidson & Co.
Edward JacksonNorthland Capital Markets