Astec Industries Financials

ASTE Stock  USD 40.01  0.63  1.55%   
Based on the key indicators related to Astec Industries' liquidity, profitability, solvency, and operating efficiency, Astec Industries is not in a good financial situation at this time. It has a very high probability of going through financial hardship in April. At present, Astec Industries' Short and Long Term Debt Total is projected to increase significantly based on the last few years of reporting. The current year's Other Current Liabilities is expected to grow to about 105.8 M, whereas Property Plant And Equipment Net is forecasted to decline to about 124 M. Key indicators impacting Astec Industries' financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Current Ratio2.182.4064
Moderately Down
Pretty Stable
The financial analysis of Astec Industries is a critical element in measuring its lifeblood. The essential information of the day-to-day investment outlook for Astec Industries includes many different criteria found on its balance sheet. For example, investors should never minimize Astec Industries' ability to pay suppliers or employees on time, making sure interest payments are not accumulating or correctly timing where and how to re-invest extra cash. Any individual investor needs to monitor Astec Industries' cash flow, debt, and profitability to effectively and accurately make more informed decisions on whether to invest in Astec Industries.

Net Income

19.35 Million

With this module, you can analyze Astec financials for your investing period. You should be able to track the changes in Astec Industries individual financial statements over time to develop the understanding of its risk, liquidity, profitability, or other critical and vital indicators.
  
Understanding current and past Astec Industries Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Astec Industries' financial statements are interrelated, with each one affecting the others. For example, an increase in Astec Industries' assets may result in an increase in income on the income statement.
Evaluating Astec Industries' financials involves analyzing a range of financial metrics and ratios to gain insights into the company's financial health and performance. However, considering all of Astec Industries' profitability, liquidity ratios, and efficiency indicators at the same time could be an enormous task, and our Financial Distress score can provide you with a snapshot of the Astec Industries' relative financial performance

Chance Of Distress

Less than 9

 
100  
 
Zero
Low
Astec Industries has less than 9 (%) percent chance of experiencing financial distress in the next two years of operations. The calculation of odds of distress for Astec Industries stock is tightly coupled with the Probability of Bankruptcy. It complements the equity performance score by supplying investors with insight into company financials without requiring them to know too much about all of the complex accounting and financial indicators surrounding the entity.
Please note, Astec Industries' odds of distress score SHOULD NOT be confused with the real chance of Astec Industries filing for bankruptcy protection for chapters 7, 11, 12, or 13. We define Financial Distress as an operational condition where an entity such as Astec is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from public financial statements and analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors considered include Astec Industries' liquidity analysis, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
More Info
The data published in Astec Industries' official financial statements usually reflect Astec Industries' business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Astec Industries. For example, before you start analyzing numbers published by Astec accountants, it's critical to develop an understanding of what Astec Industries' liquidity, profitability, and earnings quality are in the context of the Machinery space in which it operates.
Please note, the presentation of Astec Industries' financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Astec Industries' management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Astec Industries' accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Astec Industries. Please utilize our Beneish M Score to check the likelihood of Astec Industries' management manipulating its earnings.

Astec Industries Company Summary

Astec Industries competes with Deere, Titan International, Lion Electric, Hanesbrands, and Ideanomics. 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 incorporated in 1972 and is headquartered in Chattanooga, Tennessee. Astec Inds operates under Farm Heavy Construction Machinery classification in the United States and is traded on NASDAQ Exchange. It employs 4041 people.
Specialization
Industrials, Farm & Heavy Construction Machinery
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
CIK Number0000792987
ISINUS0462241011
CUSIP046224101
RegionNorth America
LocationTennessee; U.S.A
Business Address1725 Shepherd Road,
SectorMachinery
IndustryIndustrials
BenchmarkNYSE Composite
Websitewww.astecindustries.com
Phone423 899 5898
CurrencyUSD - US Dollar
You should never invest in Astec Industries without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Astec Stock, because this is throwing your money away. Analyzing the key information contained in Astec Industries' financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.

Astec Industries Key Financial Ratios

Generally speaking, Astec Industries' financial ratios allow both analysts and investors to convert raw data from Astec Industries' financial statements into concise, actionable information that can be used to evaluate the performance of Astec Industries over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Astec Industries reports annually and quarterly.

Astec Industries Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets799.8M848.2M911.3M1.0B1.1B1.1B
Other Current Liab73.7M81.8M78.9M87.7M100.8M105.8M
Net Debt(48.2M)(158.2M)(134.2M)21.7M23.3M24.5M
Retained Earnings508.3M545.2M552.8M527.8M549.4M576.9M
Cash48.9M158.6M134.4M66M59.8M34.0M
Net Receivables124.1M120.6M144.1M167.1M167.3M175.7M
Inventory278.9M249.7M303M393.4M455.6M478.4M
Other Current Assets59.6M32.6M51.6M66M27.7M14.0M
Total Liab198.1M205.2M256.5M387.5M405.6M425.9M
Total Current Assets513.0M565.8M641.7M696.4M719.5M755.5M
Short Term Debt1.3M1.6M2.7M9.6M11.1M11.7M
Intangible Assets23.5M31.2M22.7M22.5M16.4M19.2M
Accounts Payable55.1M52.7M83.5M107.2M116.9M122.7M
Common Stock4.6M4.5M4.5M4.5M5.2M4.8M
Other Liab22.5M29.8M26.8M27.1M31.2M18.2M
Other Assets31.0M42M18.6M50.8M58.4M61.3M
Long Term Debt690K400K200K78.1M72M75.6M
Good Will33.2M38.7M38.6M45.2M46.3M44.0M
Net Tangible Assets578.4M572.6M593M559.2M643.1M629.6M
Capital Surpluse122.6M127.8M130.6M135.8M122.2M106.0M

Astec Industries Key Income Statement Accounts

An income statement is very similar to a cash flow statement, but instead of showing net revenue minus expenses, it only includes earnings before interest and taxes (EBIT). This number does not have all of the same line items that are on a cash flow statement, but it leaves out non-cash expenses like depreciation and amortization. For example, if you bought $100 worth of goods from Walmart (WMT) using your debit card that has an interest rate of 20%, then paid off the balance at the end of the month with a credit card that charges 30% interest, you would have an income statement showing EBIT of $80 because your expenses are lower than the amount that went into your pocket. The other reason investors look at the income statement is to determine what Astec Industries' earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
201920202021202220232024 (projected)
Interest Expense1.4M700K1.1M2.5M8.9M9.3M
Total Revenue1.2B1.0B1.1B1.3B1.3B684.3M
Gross Profit246.5M240.1M251.7M264.1M330.8M347.3M
Operating Income10.7M43M22.1M15.9M48.6M31.7M
Ebit10.7M43M22.1M15.9M56.6M59.4M
Ebitda36.9M81.4M50.3M43.8M82.2M41.3M
Cost Of Revenue923.2M784.3M845.5M1.0B1.0B533.1M
Income Before Tax24.2M45.7M16.5M4.4M42.8M28.5M
Net Income21.5M46M15.8M(600K)33.5M19.3M
Income Tax Expense2.7M(1.2M)(1.4M)5M9.1M9.5M
Research Development27.2M22.1M26.5M31.5M22M17.5M
Minority Interest(132K)500K(100K)(500K)(900K)(855K)
Tax Provision3.0M(1.2M)(1.4M)5M10.7M5.6M
Interest Income1.2M800K500K1M1.8M1.2M
Net Interest Income(175K)100K(1.1M)(1.5M)(5.5M)(5.2M)

Astec Industries Key Cash Accounts

Cash flow analysis captures how much money flows into and out of Astec Industries. It measures of how well Astec is doing because it can show the actual money that comes into and out of the Company from sales instead of measuring expenses against revenue to determine earnings. You have to read the cash flow statement in three sections. The first section shows how much money Astec Industries brought in, usually known as net revenue or sales. This is different from earnings because it does not include expenses when determining net revenue for use on this part of the cash flow statement. Next, are operating activities, which show how much money Astec had leftover after paying for its expenses. This number can be calculated in two ways: by subtracting the total of all operating expenses from net revenue or by adding up changes to cash and other assets or liabilities on this part of the statement. The third section is about investing activities, which shows what Astec Industries has done with the money that it received from the sale of assets or what it spent to acquire new ones. This section can be broken down into two parts: investing in existing businesses (in other words, buying more stock) and investing in non-business activities like paying off debt or making acquisitions.
201920202021202220232024 (projected)
Change In Cash23.0M109.7M(24.2M)(68.4M)(2.8M)(2.7M)
Free Cash Flow89.1M126.1M(12.7M)(114.6M)(6.3M)(6.0M)
Depreciation26.2M26.9M30.2M27.9M25.6M16.1M
Other Non Cash Items9.1M6.3M10M15.4M15.7M16.5M
Capital Expenditures23.4M15.4M20.1M40.7M34.1M23.7M
Net Income22.2M46.9M17.9M(600K)33.7M19.8M
End Period Cash Flow48.9M158.6M134.4M66M63.2M36.8M
Change To Inventory61.3M44.7M(53.8M)(96.4M)(63M)(59.9M)
Dividends Paid9.9M10M10.2M11.2M(11.8M)(11.2M)
Change To Netincome15.6M21.9M17.9M4.9M5.6M9.6M
Change Receivables7.5M12.2M(30.8M)(28M)(25.2M)(23.9M)
Investments1.3M200K800K(400K)(12.1M)(11.5M)
Net Borrowings(58.1M)100K1M83M95.5M100.2M

Astec Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Astec Industries's current stock value. Our valuation model uses many indicators to compare Astec Industries value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Astec Industries competition to find correlations between indicators driving Astec Industries's intrinsic value. More Info.
Astec Industries is rated below average in current liabilities category among related companies. It is rated fifth in book value per share category among related companies . The ratio of Current Liabilities to Book Value Per Share for Astec Industries is about  4,942,470 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Astec Industries by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Astec Industries' Stock . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Astec Industries' earnings, one of the primary drivers of an investment's value.

Astec Industries Systematic Risk

Astec Industries' systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Astec Industries volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was ten with a total number of output elements of fifty-one. The Beta measures systematic risk based on how returns on Astec Industries correlated with the market. If Beta is less than 0 Astec Industries generally moves in the opposite direction as compared to the market. If Astec Industries Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Astec Industries is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Astec Industries is generally in the same direction as the market. If Beta > 1 Astec Industries moves generally in the same direction as, but more than the movement of the benchmark.

About Astec Industries Financials

What exactly are Astec Industries Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include Astec Industries' income statement, its balance sheet, and the statement of cash flows. Potential Astec Industries investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Astec Industries investors may use each financial statement separately, they are all related. The changes in Astec Industries's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Astec Industries'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. Please read more on our technical analysis and fundamental analysis pages.

Steps to analyze Astec Industries Financials for Investing

There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines you should consider when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase yearly due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt-to-equity ratio because this number will tell you how much risk it has. If a company such as Astec Industries is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to determine if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that the net revenue of Astec has grown by more than 25% over the last five years, then there is a good chance that it will continue growing by at least 20% or more each year. On the other hand, if you see that net revenue has only increased by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it.
In summary, you can determine if Astec Industries' financials are consistent with your investment objective using the following steps:
  • Review Astec Industries' balance sheet accounts, such as liabilities and equity, to understand its overall financial position.
  • Analyze the income statement and examine the company's revenue, expenses, and profits over time to determine its financial performance.
  • Study the cash flow inflows and outflows to understand Astec Industries' liquidity and solvency.
  • Look at the growth rates in revenue, earnings, and cash flow over time to determine its potential for future growth.
  • Compare Astec Industries' financials to those of its peers to see how it stacks up and identify any potential red flags.
  • Use valuation ratios to evaluate the company's financials using commonly used ratios such as the price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and enterprise value-to-earnings before interest, taxes, depreciation, and amortization (EV/EBITDA) ratio to determine if Astec Industries' stock is overvalued or undervalued.
Remember, these are just guidelines and should not be the only basis for investment decisions. It is always important to analyze the leading stock market indicators., conduct additional research and seek professional advice if needed.
Today, most investors in Astec Industries Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Astec Industries' growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Astec Industries growth as a starting point in their analysis.

Price Earnings To Growth Ratio

(0.004669)

At present, Astec Industries' Price Earnings To Growth Ratio is projected to increase based on the last few years of reporting.

Astec Industries March 19, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Astec Industries help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Astec Industries. We use our internally-developed statistical techniques to arrive at the intrinsic value of Astec Industries based on widely used predictive technical indicators. In general, we focus on analyzing Astec Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Astec Industries's daily price indicators and compare them against related drivers.
When determining whether Astec Industries is a strong investment it is important to analyze Astec Industries' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Astec Industries' future performance. For an informed investment choice regarding Astec Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Astec Industries. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
For information on how to trade Astec Stock refer to our How to Trade Astec Stock guide.
You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

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When running Astec Industries' price analysis, check to measure Astec Industries' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Astec Industries is operating at the current time. Most of Astec Industries' value examination focuses on studying past and present price action to predict the probability of Astec Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Astec Industries' price. Additionally, you may evaluate how the addition of Astec Industries to your portfolios can decrease your overall portfolio volatility.
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Is Astec Industries' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Astec Industries. If investors know Astec will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Astec Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
1.945
Dividend Share
0.52
Earnings Share
1.47
Revenue Per Share
58.9
Quarterly Revenue Growth
(0.04)
The market value of Astec Industries 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 Industries' value that differs from its market value or its book value, called intrinsic value, which is Astec Industries' 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 Industries' market value can be influenced by many factors that don't directly affect Astec Industries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Astec Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Astec Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Astec Industries' 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.