Astec Z Score

ASTE -  USA Stock  

USD 70.98  0.16  0.22%

Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Please continue to Astec Inds Piotroski F Score and Astec Inds Valuation analysis.

Astec Z Score 

 
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Astec Inds Invested Capital is projected to increase significantly based on the last few years of reporting. The past year's Invested Capital was at 519.11 Million. The current year Invested Capital Average is expected to grow to about 620.1 M, whereas Return on Invested Capital is forecasted to decline to 0.08. 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 901.95 Million. The current year Interest Expense is expected to grow to about 922.6 K, whereas Earning Before Interest and Taxes EBIT is forecasted to decline to about 39.8 M.

Astec Z Score Analysis

Astec Inds' Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
 2019 2020 2021 2022 (projected)
Interest Expense1.4 M700 K805 K922.62 K
Gross Profit239.4 M240.1 M276.12 M271.79 M
Z Score 
 = 
Sum Of  
 
5 Factors 
More About Z Score | All Equity Analysis
First Factor
 = 
1.2 * (
Working Capital
/
Total Assets )
Second Factor
 = 
1.4 * (
Retained Earnings
/
Total Assets )
Thrid Factor
 = 
3.3 * (
EBITAD
/
Total Assets )
Fouth Factor
 = 
0.6 * (
Market Value of Equity
/
Total Liabilities )
Fifth Factor
 = 
0.99 * (
Revenue
/
Total Assets )

Astec Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Astec Inds is extremely important. It helps to project a fair market value of Ford stock properly, considering its historical fundamentals such as Z Score. Since Astec Inds' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Astec Inds' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Astec Inds' interrelated accounts and indicators.
To calculate Z-Score one would need to know current working capital of the company, its total assets, and liabilities, amount of latest retained earnings as well as earnings before interest and tax. Z-Score can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area' with scores of less than 1, indicating the high probability of distress. Z Score is used widely by financial auditors, accountants, money managers, loan processers, wealth advisers, as well as day traders. In the last 25 years, many financial models that utilize z score has been proved to be successful as a predictor of corporate bankruptcy.
Compare to competition

In accordance with the company's disclosures, Astec Inds has a Z Score of 0.0. This is 100.0% lower than that of the Industrials sector and about the same as Farm & Heavy Construction Machinery (which currently averages 0.0) industry. The z score for all United States stocks is 100.0% higher than that of the company.

Astec Z Score Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Astec Inds' direct or indirect competition against its Z Score to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Astec Inds could also be used in its relative valuation, which is a method of valuing Astec Inds by comparing valuation metrics of similar companies.
Astec Inds is currently under evaluation in z score category among related companies.

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 M939.15 M959.93 M
Earnings Before Interest Taxes and Depreciation Amortization EBITDA84.06 M(56.7 M)52.9 M73.3 M65.97 M62.88 M
Earnings Before Interest Taxes and Depreciation Amortization USD84.06 M(56.7 M)52.9 M73.3 M65.97 M62.88 M
Earnings before Tax57.42 M(85.6 M)25.3 M45.7 M41.13 M39.14 M
Average Equity674.97 M648.31 M609.39 M624.79 M718.5 M727.41 M
Enterprise Value1.29 B689.88 M921.58 M1.2 B1.38 B1.29 B
Free Cash Flow22.32 M(57 M)89.7 M143.8 M165.37 M178.43 M
Invested Capital575.51 M642.41 M524.2 M451.4 M519.11 M587.69 M
Invested Capital Average596.71 M628.86 M608.04 M488.03 M561.24 M620.08 M
Market Capitalization1.35 B688.26 M946.95 M1.31 B1.5 B1.37 B
Tangible Asset Value812.89 M797.34 M743.9 M778.3 M895.04 M907.48 M
Working Capital423.82 M371.76 M333.5 M395.5 M454.82 M459.39 M

Astec Inds Institutional Holders

Institutional Holdings refers to the ownership stake in Astec Inds that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Astec Inds' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Astec Inds' value.
Security TypeSharesValue
State Of Alaska Department Of RevenueCommon Shares16.1 K1.1 M
Exchange Traded Concepts LlcCommon SharesK554 K
Sound Income Strategies LlcCommon Shares62643 K
Versant Capital Management IncCommon Shares31922 K
Tarbox Family Office IncCommon Shares27.0K
Blackrock IncCommon Shares3.6 M191.5 M
Vanguard Group IncCommon Shares2.3 M125.4 M

Astec Fundamentals

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.

Astec Inds Implied Volatility

    
  51.73  
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

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 Piotroski F Score and Astec Inds Valuation 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 Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.

Complementary Tools for Astec Stock analysis

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.