Astec Industries Inc.
Find Ratings ReportsASTEC INDUSTRIES INC's gross profit margin for the fourth quarter of its fiscal year 2023 has significantly increased when compared to the same period a year ago. Even though sales decreased, the net income has increased. ASTEC INDUSTRIES INC has weak liquidity. Currently, the Quick Ratio is 0.74 which shows a lack of ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year.
At the same time, stockholders' equity ("net worth") has remained virtually unchanged only increasing by 4.22% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the future.
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Income Statement | Q4 FY23 | Q4 FY22 |
---|---|---|
Net Sales ($mil) | 337.2 | 349.9 |
EBITDA ($mil) | 25.4 | 14.9 |
EBIT ($mil) | 19.4 | 7.9 |
Net Income ($mil) | 14.9 | -1.0 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 68.9 | 69.9 |
Total Assets ($mil) | 1059.3 | 1014.4 |
Total Debt ($mil) | 91.9 | 98.7 |
Equity ($mil) | 653.4 | 626.9 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 28.2 | 22.29 |
EBITDA Margin | 7.53 | 4.25 |
Operating Margin | 5.75 | 2.26 |
Sales Turnover | 1.26 | 1.26 |
Return on Assets | 3.16 | 0.0 |
Return on Equity | 5.13 | -0.02 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 2.41 | 2.54 |
Debt/Capital | 0.12 | 0.14 |
Interest Expense | 2.5 | 0.9 |
Interest Coverage | 7.76 | 8.78 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 22.74 | 22.62 |
Div / share | 0.13 | 0.13 |
EPS | 0.65 | -0.04 |
Book value / share | 28.73 | 27.71 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 143390.0 | 145591.0 |
HOLD. ASTEC INDUSTRIES INC's P/E ratio indicates a discount compared to an average of 34.89 for the Machinery Manufacturing subsector and a value on par with the S&P 500 average of 27.95. For additional comparison, its price-to-book ratio of 1.39 indicates a significant discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 15.81. The price-to-sales ratio is well below both the S&P 500 average and the subsector average, indicating a discount. Upon assessment of these and other key valuation criteria, ASTEC INDUSTRIES INC proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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ASTE 27.24 | Peers 34.89 | ASTE 32.75 | Peers 35.56 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. ASTE is trading at a discount to its peers. |
Average. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. ASTE is trading at a valuation on par to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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ASTE 12.90 | Peers 25.65 | ASTE 0.32 | Peers 5.15 | |||||||||||||||||||||
Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations. ASTE is trading at a significant discount to its peers. |
Discount. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. ASTE trades at a significant discount to its peers. |
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Price/Book |
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Earnings Growth |
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ASTE 1.39 | Peers 15.81 | ASTE NA | Peers 20.44 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. ASTE is trading at a significant discount to its peers. |
Neutral. Higher earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. The growth rate for ASTE is not available. |
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Price/Sales |
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Sales Growth |
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ASTE 0.68 | Peers 8.34 | ASTE 4.99 | Peers 14.92 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. ASTE is trading at a significant discount to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. ASTE significantly trails its peers on the basis of sales growth. |
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