Astec Gross Profit vs Net Income Analysis

ASTE Stock  USD 43.71  0.24  0.55%   
Astec Industries financial indicator trend analysis is way more than just evaluating Astec Industries prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Astec Industries is a good investment. Please check the relationship between Astec Industries Gross Profit and its Net Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Astec Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
For information on how to trade Astec Stock refer to our How to Trade Astec Stock guide.

Gross Profit vs Net Income

Gross Profit vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Astec Industries Gross Profit account and Net Income. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Astec Industries' Gross Profit and Net Income is 0.41. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Net Income in the same time period over historical financial statements of Astec Industries, assuming nothing else is changed. The correlation between historical values of Astec Industries' Gross Profit and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of Astec Industries are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Gross Profit i.e., Astec Industries' Gross Profit and Net Income go up and down completely randomly.

Correlation Coefficient

0.41
Relationship DirectionPositive 
Relationship StrengthWeak

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Astec Industries minus its cost of goods sold. It is profit before Astec Industries operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Astec Industries financial statement analysis. It represents the amount of money remaining after all of Astec Industries operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Most indicators from Astec Industries' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Astec Industries current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Astec Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
For information on how to trade Astec Stock refer to our How to Trade Astec Stock guide.At present, Astec Industries' Enterprise Value Multiple is projected to slightly grow based on the last few years of reporting.
 2021 2022 2023 2024 (projected)
Interest Expense1.1M2.5M8.9M9.3M
Depreciation And Amortization28.2M27.9M25.6M15.3M

Astec Industries fundamental ratios Correlations

0.460.830.90.730.73-0.020.960.350.80.550.360.960.840.670.910.420.790.850.81.0-0.050.620.820.860.86
0.460.530.72-0.11-0.060.710.21-0.250.170.81-0.240.590.020.950.490.28-0.030.820.660.450.21-0.150.810.410.41
0.830.530.840.470.430.050.770.30.60.670.340.870.540.680.680.50.480.820.780.82-0.360.430.790.690.69
0.90.720.840.430.420.190.760.250.610.810.260.970.540.850.80.490.490.980.950.90.140.350.980.770.77
0.73-0.110.470.430.95-0.370.840.490.94-0.020.50.60.920.130.630.360.960.340.330.73-0.230.760.290.650.64
0.73-0.060.430.420.95-0.260.80.340.9-0.050.350.590.960.190.680.260.970.350.30.72-0.220.770.280.690.68
-0.020.710.050.19-0.37-0.26-0.22-0.85-0.180.29-0.840.08-0.280.560.24-0.05-0.290.320.13-0.030.06-0.540.320.080.08
0.960.210.770.760.840.8-0.220.450.840.350.460.880.90.440.840.410.860.680.640.95-0.140.740.640.790.79
0.35-0.250.30.250.490.34-0.850.450.430.160.990.320.38-0.080.00.350.40.150.280.350.070.620.130.180.17
0.80.170.60.610.940.9-0.180.840.430.210.440.750.860.390.670.550.880.550.480.79-0.120.720.490.710.71
0.550.810.670.81-0.02-0.050.290.350.160.210.160.680.080.810.450.340.050.840.80.550.27-0.020.840.530.53
0.36-0.240.340.260.50.35-0.840.460.990.440.160.330.39-0.070.020.350.410.150.30.37-0.010.620.140.190.19
0.960.590.870.970.60.590.080.880.320.750.680.330.70.780.830.570.640.930.880.950.020.510.910.780.78
0.840.020.540.540.920.96-0.280.90.380.860.080.390.70.270.780.240.980.470.430.84-0.190.770.40.740.74
0.670.950.680.850.130.190.560.44-0.080.390.81-0.070.780.270.650.380.220.930.780.660.140.070.90.570.57
0.910.490.680.80.630.680.240.840.00.670.450.020.830.780.650.120.750.770.680.92-0.070.420.740.880.89
0.420.280.50.490.360.26-0.050.410.350.550.340.350.570.240.380.120.210.470.470.39-0.030.350.450.090.09
0.79-0.030.480.490.960.97-0.290.860.40.880.050.410.640.980.220.750.210.410.390.79-0.190.740.350.740.74
0.850.820.820.980.340.350.320.680.150.550.840.150.930.470.930.770.470.410.920.850.140.260.990.730.73
0.80.660.780.950.330.30.130.640.280.480.80.30.880.430.780.680.470.390.920.810.110.190.950.670.67
1.00.450.820.90.730.72-0.030.950.350.790.550.370.950.840.660.920.390.790.850.81-0.050.60.820.850.86
-0.050.21-0.360.14-0.23-0.220.06-0.140.07-0.120.27-0.010.02-0.190.14-0.07-0.03-0.190.140.11-0.05-0.160.17-0.02-0.02
0.62-0.150.430.350.760.77-0.540.740.620.72-0.020.620.510.770.070.420.350.740.260.190.6-0.160.190.40.4
0.820.810.790.980.290.280.320.640.130.490.840.140.910.40.90.740.450.350.990.950.820.170.190.70.7
0.860.410.690.770.650.690.080.790.180.710.530.190.780.740.570.880.090.740.730.670.85-0.020.40.71.0
0.860.410.690.770.640.680.080.790.170.710.530.190.780.740.570.890.090.740.730.670.86-0.020.40.71.0
Click cells to compare fundamentals

Astec Industries Account Relationship Matchups

Astec Industries fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets799.8M848.2M911.3M1.0B1.1B1.1B
Short Long Term Debt Total690K400K200K87.7M83.1M87.3M
Other Current Liab73.7M81.8M78.9M87.7M100.8M105.8M
Total Current Liabilities172.9M170.3M225.3M274M299M314.0M
Total Stockholder Equity601.7M643M654.8M626.9M653.4M343.3M
Property Plant And Equipment Net182.4M172.8M171.7M173.6M187.6M124.0M
Net Debt(48.2M)(158.2M)(134.2M)21.7M23.3M24.5M
Retained Earnings508.3M545.2M552.8M527.8M549.4M576.9M
Cash48.9M158.6M134.4M66M59.8M34.0M
Non Current Assets Total286.8M282.4M269.6M318M339.8M171.6M
Non Currrent Assets Other6.9M11M8.4M29.5M38.2M40.1M
Cash And Short Term Investments50.4M162.9M143M69.9M65.5M35.4M
Net Receivables124.1M120.6M144.1M167.1M167.3M175.7M
Common Stock Shares Outstanding22.7M22.9M22.9M22.8M22.8M21.9M
Liabilities And Stockholders Equity799.8M848.2M911.3M1.0B1.1B1.1B
Non Current Liabilities Total25.2M34.9M31.2M113.5M106.6M111.9M
Inventory278.9M249.7M303M393.4M455.6M478.4M
Other Current Assets59.6M32.6M51.6M66M27.7M14.0M
Other Stockholder Equity120.6M126.8M129.9M134.7M137.6M99.6M
Total Liab198.1M205.2M256.5M387.5M405.6M425.9M
Property Plant And Equipment Gross190.4M172.8M419.7M407.4M435.7M457.5M
Total Current Assets513.0M565.8M641.7M696.4M719.5M755.5M
Accumulated Other Comprehensive Income(31.8M)(33.5M)(32.4M)(40.1M)(38.1M)(36.2M)
Short Term Debt1.3M1.6M2.7M9.6M11.1M11.7M
Intangible Assets23.5M31.2M22.7M22.5M16.4M19.2M
Accounts Payable55.1M52.7M83.5M107.2M116.9M122.7M
Common Stock Total Equity4.6M4.5M4.5M4.5M5.2M4.8M
Common Stock4.6M4.5M4.5M4.5M5.2M4.8M
Other Liab22.5M29.8M26.8M27.1M31.2M18.2M
Current Deferred Revenue42.9M34.2M60.2M69.5M70.2M66.7M
Other Assets31.0M42M18.6M50.8M58.4M61.3M
Long Term Debt690K400K200K78.1M72M75.6M
Good Will33.2M38.7M38.6M45.2M46.3M44.0M
Property Plant Equipment190.4M172.8M177.5M173.6M199.6M173.6M
Net Tangible Assets578.4M572.6M593M559.2M643.1M629.6M
Noncontrolling Interest In Consolidated Entity1.1M710K538K500K450K427.5K
Retained Earnings Total Equity508.3M545.2M552.8M527.8M607.0M532.6M
Short Term Investments1.5M4.3M8.6M3.9M5.7M3.4M
Capital Surpluse122.6M127.8M130.6M135.8M122.2M106.0M
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 Industries 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 Industries' short interest history, or implied volatility extrapolated from Astec Industries options trading.

Pair Trading with Astec Industries

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 Industries 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 Industries will appreciate offsetting losses from the drop in the long position's value.

Moving against Astec Stock

  0.87LEV Lion Electric Corp Financial Report 14th of May 2024 PairCorr
  0.77TWI Titan International Financial Report 1st of May 2024 PairCorr
  0.74LNN Lindsay Earnings Call This WeekPairCorr
  0.7HY Hyster-Yale Materials Financial Report 7th of May 2024 PairCorr
  0.62MTW Manitowoc Financial Report 7th of May 2024 PairCorr
The ability to find closely correlated positions to Astec Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Astec Industries when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Astec Industries - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Astec Industries to buy it.
The correlation of Astec Industries is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Astec Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Astec Industries moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Astec Industries can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Astec Industries is a strong investment it is important to analyze Astec Industries' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Astec Industries' future performance. For an informed investment choice regarding Astec Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Astec Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
For information on how to trade Astec Stock refer to our How to Trade Astec Stock guide.
You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.

Complementary Tools for Astec Stock analysis

When running Astec Industries' price analysis, check to measure Astec Industries' 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 Industries is operating at the current time. Most of Astec Industries' value examination focuses on studying past and present price action to predict the probability of Astec Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Astec Industries' price. Additionally, you may evaluate how the addition of Astec Industries to your portfolios can decrease your overall portfolio volatility.
Portfolio Center
All portfolio management and optimization tools to improve performance of your portfolios
Performance Analysis
Check effects of mean-variance optimization against your current asset allocation
Bond Analysis
Evaluate and analyze corporate bonds as a potential investment for your portfolios.
Global Markets Map
Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes
Sectors
List of equity sectors categorizing publicly traded companies based on their primary business activities
Economic Indicators
Top statistical indicators that provide insights into how an economy is performing
Aroon Oscillator
Analyze current equity momentum using Aroon Oscillator and other momentum ratios
USA ETFs
Find actively traded Exchange Traded Funds (ETF) in USA
Pair Correlation
Compare performance and examine fundamental relationship between any two equity instruments
Is Astec Industries' 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 Industries. 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 Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
1.945
Dividend Share
0.52
Earnings Share
1.47
Revenue Per Share
58.9
Quarterly Revenue Growth
(0.04)
The market value of Astec Industries 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 Industries' value that differs from its market value or its book value, called intrinsic value, which is Astec Industries' 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 Industries' market value can be influenced by many factors that don't directly affect Astec Industries' 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 Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Astec Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Astec Industries' 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.