Astec Piotroski F Score

ASTE -  USA Stock  

USD 55.42  0.52  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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The current year Total Debt is expected to grow to about 2.4 M. The current year Debt Current is expected to grow to about 2 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 8.32. The current year Accounts Payable Turnover is expected to grow to 20.83, whereas Calculated Tax Rate is forecasted to decline to (2.69) .
At this time, it appears that Astec Inds' Piotroski F Score is Poor. 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..
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 ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares25.1 M22.6 M
Significantly Up
Increasing
Slightly volatile
Weighted Average Shares Diluted21.7 M22.9 M
Notably Down
Decreasing
Slightly volatile
Net Cash Flow from Operations152.7 M141.5 M
Significantly Up
Increasing
Slightly volatile
Total Assets902.3 M848.2 M
Notably Up
Increasing
Slightly volatile
Total Liabilities220.4 M205.2 M
Notably Up
Increasing
Slightly volatile
Current Assets606.5 M565.8 M
Notably Up
Increasing
Slightly volatile
Current Liabilities181.6 M170.3 M
Notably Up
Increasing
Slightly volatile
Total Debt2.4 M2.3 M
Fairly Up
Increasing
Stable
Return on Average Assets0.04630.057
Significantly Down
Decreasing
Stable
Gross Margin0.210.234
Moderately Down
Decreasing
Slightly volatile
Asset Turnover1.411.254
Moderately Up
Increasing
Slightly volatile

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

30.02Share
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 28.45

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.
201620172018201920202021 (projected)
Net Income Per Employee32.72 K22.08 K(37.18 K)5.77 K13.22 K11.97 K
Revenue Per Employee680.72 K692.02 K720.54 K302.54 K288.83 K311.59 K
Average Assets846.96 M880.02 M900.28 M834.26 M816.65 M885.95 M
Earnings Before Interest Taxes and Depreciation Amortization EBITDA113.47 M84.06 M(56.7 M)52.9 M73.3 M66.78 M
Earnings Before Interest Taxes and Depreciation Amortization USD113.47 M84.06 M(56.7 M)52.9 M73.3 M66.78 M
Earnings before Tax87.27 M57.42 M(85.6 M)25.3 M45.7 M41.83 M
Average Equity638.59 M674.97 M648.31 M609.39 M624.79 M671.45 M
Enterprise Value1.51 B1.29 B689.88 M921.58 M1.2 B1.18 B
Free Cash Flow108.05 M22.32 M(57 M)89.7 M143.8 M155.15 M
Invested Capital536.21 M575.51 M642.41 M524.2 M451.4 M545.08 M
Invested Capital Average567.95 M596.71 M628.86 M608.04 M488.03 M573.91 M
Market Capitalization1.55 B1.35 B688.26 M946.95 M1.31 B1.26 B
Tangible Asset Value776.15 M812.89 M797.34 M743.9 M778.3 M839.82 M
Working Capital407.97 M423.82 M371.76 M333.5 M395.5 M424.87 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 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?
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

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
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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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.