Astec Story

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ASTE -- USA Stock  

USD 75.86  0.76  1.01%

21% of stocks are less volatile than Astec, and 95% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. While some of us are excited about industrials space, it makes sense to digest Astec Inds in greater detail to make a better estimate of its risk and reward. We will go over odds for Astec Inds to generate above-average margins next week.
Published over a month ago
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Should you short your Astec (NASDAQ:ASTE) position after the latest surge?
Astec Inds currently holds roughly 112.28 M in cash with 131.57 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 4.97.
Volatility is a rate at which the price of Astec Inds or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Astec Inds may increase or decrease. In other words, similar to Astec's beta indicator, it measures the risk of Astec Inds and helps estimate the fluctuations that may happen in a short period of time. So if prices of Astec Inds fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.

How important is Astec Inds's Liquidity

Astec Inds financial leverage refers to using borrowed capital as a funding source to finance Astec Inds ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Astec Inds 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 Astec Inds's total debt and its cash.

How Astec utilizes its cash?

To perform a cash flow analysis of Astec Inds, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash Astec Inds is receiving and how much cash it distributes out in a given period. The Astec Inds cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities.
Astec Inds 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 141.5 Million

Astec Inds Volatility Drivers

Astec Inds unsystematic risk is unique to Astec Inds and usually not directly affected by the market or economic environment. An example of unsystematic risk is the possibility of poor earnings or a layoff due to coronavirus. One may mitigate nonsystematic risk by buying different securities in the same industry or by buying in different sectors. For example, if you have a position in Astec Inds you can also buy Hyster Yale Materials. You can also mitigate this risk by investing in the farm & heavy construction machinery sector as well as in companies having nothing to do with it. This type of risk is also called diversifiable risk and can be understood from analyzing Astec Inds important indicators over time. Here we run a correlation analysis between relevant fundamental ratios over at least ten year period to find a relationship in the way they react to changes in Astec Inds income statement and balance sheet. Here are more details about Astec volatility.
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