Astec Inventories Trend from 2010 to 2021

ASTE -  USA Stock  

USD 53.61  0.98  1.80%

Astec Inds Inventories is decreasing over the years with very volatile fluctuation. Ongoing Inventories is projected to grow to about 270.3 M this year. During the period from 2010 to 2021 Astec Inds Inventories anual values regression line had geometric mean of 320,854,036 and significance of  0.82. Astec Inds Cost of Revenue is projected to increase significantly based on the last few years of reporting. The past year's Cost of Revenue was at 784.3 Million. The current year Gross Profit is expected to grow to about 250.5 M, whereas Earning Before Interest and Taxes EBIT is forecasted to decline to about 42.5 M.

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Check Astec Inds financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Astec main balance sheet or income statement drivers, such as Direct Expenses of 752.8 M, Consolidated Income of 50.6 M or Cost of Revenue of 876.6 M, as well as many exotic indicators such as Interest Coverage of 115, Long Term Debt to Equity of 6.0E-4 or PPandE Turnover of 5.31. Astec financial statements analysis is a perfect complement when working with Astec Inds Valuation or Volatility modules. It can also supplement various Astec Inds Technical models. Please continue to the analysis of Astec Inds Correlation against competitors.

Astec Inventories Breakdown

Showing smoothed Inventories of Astec Inds with missing and latest data points interpolated. Astec Inds' Inventories historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Astec Inds' overall financial position and show how it may be relating to other accounts over time.
Inventories10 Years Trend
Decreasing
Very volatile
 Inventories 
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      Timeline 

Astec Inventories Regression Statistics

Arithmetic Mean 324,819,153
Geometric Mean 320,854,036
Coefficient Of Variation 16.12
Mean Deviation 45,622,681
Median 342,313,000
Standard Deviation 52,361,063
Range 141,679,000
R-Value(0.07)
R-Squared 0.005156
Significance 0.82
Slope(1,042,797)

Astec Inventories History

2011299.1 M
2012308.6 M
2013342.3 M
2014387.8 M
2015384.8 M
2016360.4 M
2017391.4 M
2018355.9 M
2019294.5 M
2020249.7 M
2021270.3 M

About Astec Inds Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Astec Inds income statement, its balance sheet, and the statement of cash flows. Astec Inds investors use historical funamental indicators, such as Astec Inds's Inventories, to determine how well the company is positioned to perform in the future. Although Astec Inds investors may use each financial statement separately, they are all related. The changes in Astec Inds's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Astec Inds's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Astec Inds Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Astec Inds. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2021
Inventories249.7 M270.3 M
Astec Industries, Inc. designs, engineers, manufactures, and markets equipment and components used primarily in road building and related construction activities in the United States and internationally. Astec Industries, Inc. was founded in 1972 and is based in Chattanooga, Tennessee. Astec Inds operates under Farm Heavy Construction Machinery classification in the United States and is traded on NASDAQ Exchange. It employs 3537 people.

Astec Inds Investors Sentiment

The influence of Astec Inds' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Astec. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.

Current Sentiment - ASTE

Astec Inds Investor Sentiment

Most of Macroaxis users are presently bullish on Astec Inds. What is your sentiment towards investing in Astec Inds? Are you bullish or bearish?
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2% Bearish
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Pair Trading with Astec Inds

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Astec Inds position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Astec Inds will appreciate offsetting losses from the drop in the long position's value.

Astec Inds Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Astec Inds and Hyster Yale Materials. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
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Please continue to the analysis of Astec Inds Correlation against competitors. Note that the Astec Inds information on this page should be used as a complementary analysis to other Astec Inds' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.

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The market value of Astec Inds is measured differently than its book value, which is the value of Astec that is recorded on the company's balance sheet. Investors also form their own opinion of Astec Inds' value that differs from its market value or its book value, called intrinsic value, which is Astec Inds' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Astec Inds' market value can be influenced by many factors that don't directly affect Astec Inds underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Astec Inds' value and its price as these two are different measures arrived at by different means. Investors typically determine Astec Inds value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Astec Inds' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.