Is Altra Holdings (USA Stocks:AIMC) undervalued?

AIMC Stock  USD 61.98  0.01  0.0161%   
Altra Holdings Average Assets are projected to increase significantly based on the last few years of reporting. The past year's Average Assets were at 4.79 Billion. The current year Earnings before Tax is expected to grow to about 7.2 M, whereas Revenue Per Employee is forecasted to decline to about 227 K. While many traders are getting carried away by overanalyzing machinery space, it is reasonable to digest Altra Holdings. We will cover the possibilities of making Altra Holdings into a steady grower in March. In this post, I will also go over some essential variables affecting Altra Holdings' products, and show how it may impact the firm outlook for active traders this year.
Published over three weeks ago
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Reviewed by Rifka Kats

Altra Holdings has a performance score of 27 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.1089, which signifies not very significant fluctuations relative to the market. Let's try to break down what Altra's beta means in this case. As returns on the market increase, Altra Holdings returns are expected to increase less than the market. However, during the bear market, the loss on holding Altra Holdings will be expected to be smaller as well. Although it is important to respect Altra Holdings historical returns, it is better to be realistic regarding the information on the equity's current trending patterns. The philosophy towards foreseeing future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing Altra Holdings technical indicators, you can presently evaluate if the expected return of 0.0949% will be sustainable into the future. Altra Holdings right now shows a risk of 0.26%. Please confirm Altra Holdings maximum drawdown, skewness, day typical price, as well as the relationship between the downside variance and daily balance of power to decide if Altra Holdings will be following its price patterns.

And What about dividends?

A dividend is the distribution of a portion of Altra Holdings earnings, decided and managed by the company's board of directors and paid to a class of its shareholders. Note, announcements of dividend payouts are generally accompanied by a proportional increase or decrease in a company's stock price. Altra Holdings dividend payments follow a chronological order of events, and the associated dates are important to determine the shareholders who qualify for receiving the dividend payment. Altra one year expected dividend income is about USD0.2 per share.
Altra Holdings Dividends per Basic Common Share is projected to increase slightly based on the last few years of reporting. The past year's Dividends per Basic Common Share was at 0.35.
Last ReportedProjected for 2023
Payment of Dividends and Other Cash Distributions-22.3 M-24.1 M
Dividend Yield 0.0054  0.005542 
Dividends per Basic Common Share 0.35  0.46 
Investing in dividend-paying stocks, such as Altra Holdings is one of the few strategies that are good for long-term investment. Ex-dividend dates are significant because investors in Altra Holdings must own a stock before its ex-dividend date to receive its next dividend.
This type of analysis is very useful when you want to generate a past dividend schedule and payout information for Altra Holdings. Then that information in the form of graph and calendar can be used to fully explain how Du Pont dividends can provide a real clue to its valuation.

How important is Altra Holdings's Liquidity

Altra Holdings financial leverage refers to using borrowed capital as a funding source to finance Altra Holdings ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Altra Holdings financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between Altra Holdings's total debt and its cash.

How does Altra utilize its cash?

To perform a cash flow analysis of Altra Holdings, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash Altra Holdings is receiving and how much cash it distributes out in a given period. The Altra Holdings cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities.
Altra Holdings Net Cash Flow from Operations is projected to increase significantly based on the last few years of reporting. The past year's Net Cash Flow from Operations was at 125 Million

What did Altra Holdings file with SEC?

The SEC filings are financial statements or other formal documents of Altra Holdings that are regularly submitted to the U.S. Securities and Exchange Commission (SEC). Public companies, certain insiders, and broker-dealers are required to make SEC filings and fintech professionals rely on these filings for information about companies they are evaluating for investment purposes. Please note, most SEC filings are available online through the SEC's EDGAR database.
Please check here for more information.
Please note, although all public domestic companies are required to submit their filings via EDGAR, not all public companies are available through our service. Also, keep in mind that the actual annual reports to Altra shareholders may or may not be submitted as SEC does not always require it.
1st of March 2023
Financial Statements and Exhibits. Results of Operations and Financial Condition
13th of February 2023
Unclassified Corporate Event
17th of January 2023
Submission of Matters to a Vote of Security Holders
10th of January 2023
Other Events
Please note, although all public domestic companies are required to submit their filings via EDGAR, not all public companies are available through our service. Also, keep in mind that the actual annual reports to Altra shareholders may or may not be submitted as SEC does not always require it.

Acquisition by Thomas Swidarski of 528 shares of Altra Holdings subject to Rule 16b-3

Legal trades by Altra Holdings insiders are very common, as founders, directors, or employees of any publicly traded firm often have stock or stock options. These trades are made public in the United States through the filing of Form 4 of the Securities and Exchange Commission. Below entry was recorded recently and is publicly available as an insider trade:
Altra insider trading alert for grant of common stock par value 0.001 by Thomas Swidarski, the corporate stakeholder, on 23rd of February 2023. This event was filed by Altra Industrial Motion C with SEC on 2023-02-23. Statement of changes in beneficial ownership - SEC Form 4 [view details]   
Note, although insider trading is legal, in the United States, Canada, Australia, and Germany, for mandatory reporting purposes, corporate insiders are defined as a company's officers, directors, and any beneficial owners of more than 10% of a class of the company's equity securities.

Breaking it down

The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. Altra Holdings has an asset utilization ratio of 45.99 percent. This indicates that the company is making $0.46 for each dollar of assets. An increasing asset utilization means that Altra Holdings is more efficient with each dollar of assets it utilizes for everyday operations.
 2020 2023 (projected)
Long Term Debt to Equity0.710.98
Interest Coverage1.071.22

Will Altra continue to surge?

The mean deviation is down to 0.17 as of today. Altra Holdings exhibits very low volatility with skewness of 2.15 and kurtosis of 7.79. However, we advise investors to further study Altra Holdings technical indicators to ensure that all market info is available and is reliable. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Altra Holdings' stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Altra Holdings' stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

Our Conclusion on Altra Holdings

Although other companies under the specialty industrial machinery industry are still a bit expensive, Altra Holdings may offer a potential longer-term growth to shareholders. On the whole, as of the 27th of February 2023, our analysis shows that Altra Holdings barely shadows the market. The firm is fairly valued and projects below average odds of financial turmoil for the next 2 years. Our up-to-date 90 days 'Buy-vs-Sell' recommendation on the firm is Strong Hold.

Editorial Staff

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Gabriel Shpitalnik do not own shares of Altra Holdings. Please refer to our Terms of Use for any information regarding our disclosure principles.

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