Astec Piotroski F Score

ASTE -  USA Stock  

USD 44.71  0.41  0.93%

This module uses fundamental data of Astec Inds to approximate its Piotroski F score. Astec Inds F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Astec Inds. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about Astec Inds financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Please continue to Astec Inds Altman Z Score, Astec Inds Correlation, Astec Inds Valuation, as well as analyze Astec Inds Alpha and Beta and Astec Inds Hype Analysis.
  
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Astec Inds Debt Non Current is projected to increase significantly based on the last few years of reporting. The past year's Debt Non Current was at 200,000. The current year Issuance Repayment of Debt Securities is expected to grow to about 1.1 M, whereas Debt Current is forecasted to decline to about 2.5 M. Astec Inds Receivables Turnover is projected to slightly decrease based on the last few years of reporting. The past year's Receivables Turnover was at 9.57. The current year Accounts Payable Turnover is expected to grow to 22.30, whereas Calculated Tax Rate is forecasted to decline to (3.10) .
At this time, it appears that Astec Inds' Piotroski F Score is Healthy. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
6.0
Piotroski F Score - Healthy
1
Current Return On AssetsPositiveFocus
2
Change in Return on AssetsIncreasedFocus
3
Cash Flow Return on AssetsPositiveFocus
4
Current Quality of Earnings (accrual)DecreasingFocus
5
Asset Turnover GrowthIncreaseFocus
6
Current Ratio ChangeIncreaseFocus
7
Long Term Debt Over Assets ChangeHigher LeverageFocus
8
Change In Outstending SharesDecreaseFocus
9
Change in Gross MarginNo ChangeFocus

Astec Inds Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Astec Inds is to make sure Astec is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Astec Inds' auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if Astec Inds' financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares21.6 M22.7 M
Notably Down
Decreasing
Slightly volatile
Weighted Average Shares Diluted21.8 M22.9 M
Notably Down
Decreasing
Slightly volatile
Net Cash Flow from Operations7.6 M7.4 M
Fairly Up
Increasing
Stable
Total Assets946.1 M905.8 M
Sufficiently Up
Increasing
Slightly volatile
Total Liabilities251.5 M254.5 M
Fairly Down
Increasing
Slightly volatile
Current Assets653.3 M636 M
Fairly Up
Increasing
Slightly volatile
Current Liabilities214.4 M223.3 M
Sufficiently Down
Increasing
Slightly volatile
Total DebtM2.9 M
Fairly Up
Increasing
Stable
Return on Average Assets0.02560.02
Significantly Up
Decreasing
Slightly volatile
Gross Margin0.210.229
Significantly Down
Decreasing
Stable
Asset Turnover1.391.223
Fairly Up
Increasing
Stable

Astec Inds F Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to project the various growth rates. Understanding the correlation between Astec Inds' different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Astec Inds in a much-optimized way.

About Astec Inds Piotroski F Score

F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.

Book Value per Share

30.48

Share
Astec Inds Book Value per Share is projected to increase based on the last few years of reporting. The past year's Book Value per Share was at 28.64

Astec Inds Current Valuation Drivers

We derive many important indicators used in calculating different scores of Astec Inds from analyzing Astec Inds' financial statements. These drivers represent accounts that assess Astec Inds' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Astec Inds' important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Net Income Per Employee22.08 K(37.18 K)5.77 K13.22 K15.21 K13.01 K
Revenue Per Employee692.02 K720.54 K302.54 K288.83 K259.95 K296.39 K
Average Assets880.02 M900.28 M834.26 M816.65 M896.77 M942.5 M
Earnings Before Interest Taxes and Depreciation Amortization EBITDA84.06 M(56.7 M)52.9 M73.3 M47.7 M52.53 M
Earnings Before Interest Taxes and Depreciation Amortization USD84.06 M(56.7 M)52.9 M73.3 M47.7 M52.53 M
Earnings before Tax57.42 M(85.6 M)25.3 M45.7 M16.4 M25.16 M
Average Equity674.97 M648.31 M609.39 M624.79 M654.73 M696.55 M
Enterprise Value1.29 B689.88 M921.58 M1.2 B1.41 B1.33 B
Free Cash Flow22.32 M(57 M)89.7 M143.8 M(10.8 M)(11.08 M)
Invested Capital575.51 M642.41 M524.2 M451.4 M489.7 M484.4 M
Invested Capital Average596.71 M628.86 M608.04 M488.03 M467.52 M565.85 M
Market Capitalization1.35 B688.26 M946.95 M1.31 B1.58 B1.44 B
Tangible Asset Value812.89 M797.34 M743.9 M778.3 M844.5 M885.65 M
Working Capital423.82 M371.76 M333.5 M395.5 M412.7 M438.94 M

About Astec Inds Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Astec Inds's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Astec Inds using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Astec Inds based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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.

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.

Astec Inds Implied Volatility

    
  40.42  
Astec Inds' implied volatility exposes the market's sentiment of Astec Inds stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Astec Inds' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Astec Inds stock will not fluctuate a lot when Astec Inds' options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Astec Inds in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Astec Inds' short interest history, or implied volatility extrapolated from Astec Inds options trading.

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?
Bullish
Bearish
98% Bullish
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

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

The ability to find closely correlated positions to Astec Inds could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Astec Inds when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Astec Inds - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Astec Inds to buy it.
The correlation of Astec Inds is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Astec Inds moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Astec Inds moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Astec Inds can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Please continue to Astec Inds Altman Z Score, Astec Inds Correlation, Astec Inds Valuation, as well as analyze Astec Inds Alpha and Beta and Astec Inds Hype Analysis. 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 Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.

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When running Astec Inds price analysis, check to measure Astec Inds' 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 Inds is operating at the current time. Most of Astec Inds' value examination focuses on studying past and present price action to predict the probability of Astec Inds' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Astec Inds' price. Additionally, you may evaluate how the addition of Astec Inds to your portfolios can decrease your overall portfolio volatility.
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Is Astec Inds' 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 Inds. 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 Inds listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
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 a 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.