Astec Piotroski F Score
ASTE   USA Stock  USD 55.42 0.52 0.93% 
At this time, it appears that Astec Inds' Piotroski F Score is Poor. Although some professional money managers and academia have recently criticized Piotroski FScore 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 longterm portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
4.0
Piotroski F Score  Poor
1  Current Return On Assets  Positive 
2  Change in Return on Assets  Decreased 
3  Cash Flow Return on Assets  Positive 
4  Current Quality of Earnings (accrual)  Improving 
5  Asset Turnover Growth  Increase 
6  Current Ratio Change  Decrease 
7  Long Term Debt Over Assets Change  Higher Leverage 
8  Change In Outstending Shares  Increase 
9  Change in Gross Margin  No Change 
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 Value  Last Year  Change From Last Year  10 Year Trend  

Weighted Average Shares  25.1 M  22.6 M 

 
Weighted Average Shares Diluted  21.7 M  22.9 M 

 
Net Cash Flow from Operations  152.7 M  141.5 M 

 
Total Assets  902.3 M  848.2 M 

 
Total Liabilities  220.4 M  205.2 M 

 
Current Assets  606.5 M  565.8 M 

 
Current Liabilities  181.6 M  170.3 M 

 
Total Debt  2.4 M  2.3 M 

 
Return on Average Assets  0.0463  0.057 

 
Gross Margin  0.21  0.234 

 
Asset Turnover  1.41  1.254 


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 muchoptimized way.
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About Astec Inds Piotroski F Score
FScore 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 FScore binary model can help to predict the performance of low pricetobook stocks.Book Value per Share  30.02 
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.
2016  2017  2018  2019  2020  2021 (projected)  
Net Income Per Employee  32.72 K  22.08 K  (37.18 K)  5.77 K  13.22 K  11.97 K  
Revenue Per Employee  680.72 K  692.02 K  720.54 K  302.54 K  288.83 K  311.59 K  
Average Assets  846.96 M  880.02 M  900.28 M  834.26 M  816.65 M  885.95 M  
Earnings Before Interest Taxes and Depreciation Amortization EBITDA  113.47 M  84.06 M  (56.7 M)  52.9 M  73.3 M  66.78 M  
Earnings Before Interest Taxes and Depreciation Amortization USD  113.47 M  84.06 M  (56.7 M)  52.9 M  73.3 M  66.78 M  
Earnings before Tax  87.27 M  57.42 M  (85.6 M)  25.3 M  45.7 M  41.83 M  
Average Equity  638.59 M  674.97 M  648.31 M  609.39 M  624.79 M  671.45 M  
Enterprise Value  1.51 B  1.29 B  689.88 M  921.58 M  1.2 B  1.18 B  
Free Cash Flow  108.05 M  22.32 M  (57 M)  89.7 M  143.8 M  155.15 M  
Invested Capital  536.21 M  575.51 M  642.41 M  524.2 M  451.4 M  545.08 M  
Invested Capital Average  567.95 M  596.71 M  628.86 M  608.04 M  488.03 M  573.91 M  
Market Capitalization  1.55 B  1.35 B  688.26 M  946.95 M  1.31 B  1.26 B  
Tangible Asset Value  776.15 M  812.89 M  797.34 M  743.9 M  778.3 M  839.82 M  
Working Capital  407.97 M  423.82 M  371.76 M  333.5 M  395.5 M  424.87 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 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 decisionmaking process regarding taking a position in Astec. The overall investor sentiment generally increases the direction of a stock movement in a oneyear 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.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 riskadjusted return
Run Pair Correlation 
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 Shere Portfolio module to track or share privately all of your investments from the convenience of any device.
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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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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.