Altra Industrial Motion Corp.

NasdaqGS:AIMC Stok Raporu

Piyasa değeri: US$4.1b

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

Altra Industrial Motion Gelecekteki Büyüme

Future kriter kontrolleri 3/6

Anahtar bilgiler

25.8%

Kazanç büyüme oranı

22.11%

EPS büyüme oranı

Machinery kazanç büyümesi16.5%
Gelir büyüme oranı1.0%
Gelecekteki özkaynak getirisin/a
Analist kapsamı

Low

Son güncelleme27 Mar 2023

Gelecekteki son büyüme güncellemeleri

Recent updates

Analiz Makalesi • Oct 04

Estimating The Intrinsic Value Of Altra Industrial Motion Corp. (NASDAQ:AIMC)

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Altra Industrial...
Analiz Makalesi • Aug 12

Altra Industrial Motion (NASDAQ:AIMC) Is Paying Out A Dividend Of $0.09

Altra Industrial Motion Corp. ( NASDAQ:AIMC ) will pay a dividend of $0.09 on the 4th of October. This means the annual...
Analiz Makalesi • Jul 29

Altra Industrial Motion (NASDAQ:AIMC) Has Announced A Dividend Of $0.09

The board of Altra Industrial Motion Corp. ( NASDAQ:AIMC ) has announced that it will pay a dividend on the 4th of...
Seeking Alpha • Jul 25

Altra Industrial Motion  declares $0.09 dividend

Altra Industrial Motion  (NASDAQ:AIMC) declares $0.09/share quarterly dividend, in line with previous. Forward yield 0.96% Payable Oct. 4; for shareholders of record Sept. 16; ex-div Sept. 15. See AIMC Dividend Scorecard, Yield Chart, & Dividend Growth.
Seeking Alpha • Jul 18

Altra Industrial: Beneficial Outlook, And The Stock Appears Cheap

Altra Industrial Motion produces and markets electromechanical power transmission motion control products. I believe Altra will be able to improve its EBITDA margin figures, thanks to lean manufacturing techniques and strategic pricing initiatives. In my view, recent transactions and corporate reorganizations are helping the company in offering better financial figures, and so I rate AIMC a Buy. Altra Industrial Motion Corp. (AIMC) intends to improve its EBITDA margins thanks to strategic pricing initiatives and manufacturing techniques. Besides, if management continues to acquire other targets, revenue growth would likely remain elevated. Yes, there are some risks due to covenants and recession outside the United States. Still, the share price appears, in my view, cheap enough to justify a position in the stock. Company Background Altra produces and markets electromechanical power transmission motion control products. The company manufactures gear drives, precision motors, inductors, and many other devices in which reliability and precision are very important. Company's Website I researched Altra Industrial due to a $300 million stock repurchase program and a lot of M&A activity. Management noted these initiatives in a recent slide. Q1 2022 Earnings Slides With respect to the company’s mergers and acquisitions, let’s note that the number of targets in recent years appears impressive. As a result, the number of assets increased from less than $1.2 billion to around $4.12 billion. Besides, the amount of intangibles and goodwill accumulated also increased significantly. In my view, if management continues to be that ambitious, and the assets keep increasing, the demand for the stock may increase too. Ycharts Recently, Altra Industrial Motion demonstrated that it is ready to reshape by divesting parts that don’t represent the core of the business. As stated in the 10-K excerpt below, the company sold the Jacobs Vehicle Systems business segment in order to focus on highly engineered products. In my view, if management sells other segments, and reinvests in more growing and profitable targets, shareholders will likely profit. On February 8, 2022, we entered into an agreement with Cummins Inc., a leader in the heavy-duty trucking industry, to divest all of our issued and outstanding equity interest in our entities which collectively constitute the Jacobs Vehicle Systems business segment. This divesture aligns with our strategy to focus on highly engineered products in the motion control and power transmission markets. A copy of the Purchase Agreement is filed as an exhibit herewith. Source: 10-k In my view, recent transactions and corporate reorganizations are helping the company in offering better financial figures. Recently, management decided to increase the sales guidance and the expected adjusted EBITDA for the year 2022. Q1 2022 Earnings Slides Analysts Estimates Are Also Optimistic Taking into account that investment analysts delivered a beneficial outlook, I believe that including some of their figures is necessary. Estimates delivered by analysts include median sales growth of 3% and 2024 sales close to $2024 million. Expectations for 2022, 2023, and 2024 also include an EBITDA margin of 20% to 21% and operating income of 18%. Marketscreener.com Market estimates are beneficial with respect to Altra’s FCF/Sales figures. The ratio stands between 8.7% and 11.53% with capital expenditures of approximately $51-$53 million. Balance Sheet As of March 31, 2022, Altra Industrial Motion reported cash of $183 million, $4.1 billion in assets, and an asset/liability ratio of 1x-2x. In my view, the company’s financial situation appears pretty much under control. 10-Q The company’s long-term debt is equal to $1.39 billion, which does not seem small. With that, let’s note that Altra Industrial reduced its net debt from 3.8x in 2019 to 2.3x in 2022. In my view, if Altra continues to reduce its leverage, the financial risk may diminish, which could lead to an increase in the demand for the stock. 10-Q Q1 2022 Earnings Slides Competitive Scene The power transmission motion control market is quite fragmented. Technavio reports that there are a number of competitors of different sizes Cangro Industries Inc., C-Flex Bearing Co. Inc., Custom Machine and Tool Co. Inc., E and E Special Products LLC, Electromate Inc., Forbes Engineering Sales Inc., MinebeaMitsumi Inc. (MNBEY), Poklar Power Motion Inc., and Servo2Go.com Ltd. Altra is a global player with a broad product offering, which contributes to a market share advantage over Altra’s peers. In my view, the company’s Altra Business System is one of the best competitive advantages. It allows the company to offer continuous improvement in lean manufacturing and outstanding tools. Management talked about the system in the last annual report: ABS incorporates a management philosophy with integrated practices that focus on employing best-in-class tools, knowledge and expertise to drive continuous improvement in lean manufacturing, leadership and growth objectives, further enhancing our ability to achieve our aggressive strategic objectives. Source: 10-k Collaborations With Customers, Lean Manufacturing Could Push The Stock Up To $55-$56 I am optimistic about Altra’s ability to develop new products. In particular, Altra will likely develop new revenue opportunities thanks to collaborations with customers that were already announced in the annual report (see 10-K excerpt below). More products will likely lead to more revenue growth. We focus on developing new products across our business in direct response to customer requirements. Our extensive application-engineering know-how drives both new and repeat revenue opportunities, supported by a substantiated history of innovation, with over 800 patents granted and pending worldwide. In addition, we also plan to expand our customer collaboration initiatives by continuing to move up the technology spectrum, providing more advanced product, software and service solutions. I also believe that Altra Industrial will be able to improve its EBITDA margin figures thanks to lean manufacturing techniques and strategic pricing initiatives. Let’s note that the company’s operating plan (as per 10-k) included several other initiatives that would please investors: We believe we can continue to improve profitability through cost control, overhead rationalization, global process optimization, expanded implementation of lean manufacturing techniques and strategic pricing initiatives. Our operating plan, executed through our manufacturing centers of excellence and supported by ABS, provides additional opportunities to consolidate purchasing processes and reduce costs by sharing best practices across geographies and business lines. Source: 10-k Valuation I assumed sales growth of 3% from 2024 to 2026 and an EBITDA margin of 2023-2026. Also, with an operating margin around 17%-18%, I obtained 2026 EBIT of $387 million and 2026 EBITDA of $451 million.
Analiz Makalesi • Jul 10

We Think Altra Industrial Motion (NASDAQ:AIMC) Is Taking Some Risk With Its Debt

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analiz Makalesi • May 13

Altra Industrial Motion (NASDAQ:AIMC) Will Pay A Larger Dividend Than Last Year At US$0.09

Altra Industrial Motion Corp. ( NASDAQ:AIMC ) will increase its dividend on the 6th of July to US$0.09. This takes the...
Seeking Alpha • Mar 04

Altra Industrial Motion Hit Hard By Adverse End-Market Exposures And Near-Term Margin Weakness

Altra shares have significantly underperformed, and I believe the company's exposure to heavy vehicles, wind power, and short-cycle markets may explain some of the weakness. Margin leverage will be a challenge in the near term, as profitable markets (Chinese trucks) are weak and price actions lag input cost inflation. Selling Jacobs makes sense from a long-term strategic standpoint, but I'm surprised the company didn't get a higher multiple for a very profitable business. Altra is clearly in the doghouse, but revenue growth of around 4%, EBITDA margins in the high-teens to low-20%'s, and FCF margins in the low double-digits can support a meaningfully higher share price.
Analiz Makalesi • Jan 05

We Think Altra Industrial Motion (NASDAQ:AIMC) Can Stay On Top Of Its Debt

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analiz Makalesi • Dec 06

Altra Industrial Motion Corp.'s (NASDAQ:AIMC) Intrinsic Value Is Potentially 52% Above Its Share Price

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Altra Industrial...
Analiz Makalesi • Sep 18

Here's Why Altra Industrial Motion (NASDAQ:AIMC) Can Manage Its Debt Responsibly

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analiz Makalesi • Aug 23

An Intrinsic Calculation For Altra Industrial Motion Corp. (NASDAQ:AIMC) Suggests It's 23% Undervalued

Today we will run through one way of estimating the intrinsic value of Altra Industrial Motion Corp. ( NASDAQ:AIMC ) by...
Seeking Alpha • Aug 12

Altra Industrial Motion Not Just A Play On Recovery Themes

Altra beat second quarter sell-side expectations, but came up a bit short on margins with cost/supply chain headwinds; relative to peers, the results were very much in line. Altra is seeing strong demand in most of its markets, including factory automation, transportation, and material handling, and automation and renewables demand should have legs. Margin improvement remains high on the to-do list, with a meaningful gap in the underlying profitability of PTT and A&S, but opportunities to improve PTT further. Few industrial stocks are obviously cheap, but Altra should have near-term upside to around $70/share, and mid-to-high single-digit long-term annualized potential that's a little better than the average industrial.
Analiz Makalesi • Jun 05

Does Altra Industrial Motion (NASDAQ:AIMC) Have A Healthy Balance Sheet?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analiz Makalesi • May 10

Are Altra Industrial Motion Corp. (NASDAQ:AIMC) Investors Paying Above The Intrinsic Value?

How far off is Altra Industrial Motion Corp. ( NASDAQ:AIMC ) from its intrinsic value? Using the most recent financial...
Analiz Makalesi • Mar 19

Have Insiders Sold Altra Industrial Motion Corp. (NASDAQ:AIMC) Shares Recently?

We'd be surprised if Altra Industrial Motion Corp. ( NASDAQ:AIMC ) shareholders haven't noticed that the Independent...
Analiz Makalesi • Mar 04

Don't Ignore The Fact That This Insider Just Sold Some Shares In Altra Industrial Motion Corp. (NASDAQ:AIMC)

We note that the Altra Industrial Motion Corp. ( NASDAQ:AIMC ) Chief Accounting Officer, Todd Patriacca, recently sold...
Analiz Makalesi • Feb 16

Altra Industrial Motion Corp. (NASDAQ:AIMC) Insiders Have Been Selling

We often see insiders buying up shares in companies that perform well over the long term. Unfortunately, there are also...
Analiz Makalesi • Jan 21

Altra Industrial Motion (NASDAQ:AIMC) Takes On Some Risk With Its Use Of Debt

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analiz Makalesi • Dec 26

Calculating The Intrinsic Value Of Altra Industrial Motion Corp. (NASDAQ:AIMC)

Today we will run through one way of estimating the intrinsic value of Altra Industrial Motion Corp. ( NASDAQ:AIMC ) by...

Kazanç ve Gelir Büyüme Tahminleri

NasdaqGS:AIMC - Analistlerin gelecek tahminleri ve geçmiş finansal verileri (USD Millions )
TarihGelirKazançlarSerbest Nakit AkışıFaaliyetlerden NakitAvg. Analist Sayısı
12/31/20241,995214N/AN/A2
12/31/20231,925184N/AN/A2
12/31/20221,94612769125N/A
9/30/20221,9461762119N/A
6/30/20221,9491970124N/A
3/31/20221,93933107156N/A
12/31/20211,90028176217N/A
9/30/20211,883147236271N/A
6/30/20211,852150255289N/A
3/31/20211,764130229264N/A
12/31/20201,726-25229263N/A
9/30/20201,715-19198237N/A
6/30/20201,720-32189234N/A
3/31/20201,786-25206252N/A
12/31/20191,834127204256N/A
9/30/20191,86185184238N/A
6/30/20191,64772137183N/A
3/31/20191,41862107152N/A
12/31/20181,1753579116N/A
9/30/2018930536696N/A
6/30/2018916545084N/A
3/31/2018902504981N/A
12/31/2017877514881N/A
9/30/2017826414773N/A
6/30/2017785335072N/A
3/31/2017744275374N/A
12/31/2016709255877N/A
9/30/201671030N/A70N/A
6/30/201672034N/A87N/A
3/31/201673435N/A80N/A

Analist Gelecek Büyüme Tahminleri

Kazançlar ve Tasarruf Oranları: AIMC 'nin tahmini kazanç büyümesi (yıllık 25.8% ) tasarruf oranının ( 2.1% ) üzerindedir.

Kazançlar ve Piyasa: AIMC şirketinin kazançlarının (yıllık 25.8% ) US pazarından (yıllık 17% ) daha hızlı büyümesi öngörülüyor.

Yüksek Büyüme Kazançları: AIMC şirketinin kazançlarının önümüzdeki 3 yıl içerisinde önemli ölçüde artması bekleniyor.

Gelir ve Pazar: AIMC şirketinin gelirinin (yıllık 1% ) US pazarından (yıllık 11.9% ) daha yavaş büyümesi öngörülüyor.

Yüksek Büyüme Geliri: AIMC şirketinin gelirinin (yıllık 1% ) yıllık 20% oranından daha yavaş büyümesi öngörülüyor.

Hisse Başına Kazanç Büyüme Tahminleri

Gelecekteki Özkaynak Getirisi

Gelecekteki ROE: AIMC 'un Özsermaye Getirisi'nin 3 yıl içinde yüksek olmasının öngörülüp öngörülmediğini belirlemek için yeterli veri yok

Büyüyen şirketleri keşfedin

7D

1Y

7D

1Y

7D

1Y

Şirket Analizi ve Finansal Veri Durumu

VeriSon Güncelleme (UTC saati)
Şirket Analizi2023/03/28 23:40
Gün Sonu Hisse Fiyatı2023/03/24 00:00
Kazançlar2022/12/31
Yıllık Kazançlar2022/12/31

Veri Kaynakları

Şirket analizimizde kullanılan veriler S&P Global Market Intelligence LLC'den alınmıştır. Bu raporu oluşturmak için analiz modelimizde aşağıdaki veriler kullanılmıştır. Veriler normalize edilmiştir, bu da kaynağın mevcut olmasından kaynaklanan bir gecikmeye neden olabilir.

PaketVeriZaman ÇerçevesiÖrnek ABD Kaynağı *
Şirket Finansalları10 yıl
  • Gelir tablosu
  • Nakit akış tablosu
  • Bilanço
Analist Konsensüs Tahminleri+3 yıl
  • Finansal tahminler
  • Analist fiyat hedefleri
Piyasa Fiyatları30 yıl
  • Hisse senedi fiyatları
  • Temettüler, Bölünmeler ve Eylemler
Sahiplik10 yıl
  • En büyük hissedarlar
  • İçeriden öğrenenlerin ticareti
Yönetim10 yıl
  • Liderlik ekibi
  • Yönetim Kurulu
Önemli Gelişmeler10 yıl
  • Şirket duyuruları

* ABD menkul kıymetleri için örnek, ABD dışı için eşdeğer düzenleyici formlar ve kaynaklar kullanılmıştır.

Belirtilmediği sürece tüm finansal veriler yıllık bir döneme dayanmaktadır ancak üç ayda bir güncellenmektedir. Bu, İzleyen On İki Ay (TTM) veya Son On İki Ay (LTM) Verileri olarak bilinir. Daha fazla bilgi edinin.

Analiz Modeli ve Kar Tanesi

Bu raporu oluşturmak için kullanılan analiz modelinin ayrıntılarına GitHub sayfamızdan ulaşabilirsiniz, ayrıca raporlarımızı nasıl kullanacağınızı anlatan kılavuzlarımız ve Youtube'da eğitim videolarımız da bulunmaktadır.

Simply Wall St analiz modelini tasarlayan ve oluşturan dünya standartlarındaki ekip hakkında bilgi edinin.

Endüstri ve Sektör Metrikleri

Sektör ve bölüm metriklerimiz Simply Wall St tarafından her 6 saatte bir hesaplanmaktadır, sürecimizin ayrıntıları Github'da mevcuttur.

Analist Kaynakları

Altra Industrial Motion Corp. 13 Bu analistlerden 2, raporumuzun girdisi olarak kullanılan gelir veya kazanç tahminlerini sunmuştur. Analistlerin gönderimleri gün boyunca güncellenmektedir.

AnalistKurum
Michael HalloranBaird
Joel TissBMO Capital Markets Equity Research
Anna KaminskayaBofA Global Research