A Business at a Glance
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We own and operate one of the largest integrated equipment dealership platforms in North America. Through our branch network, we sell, rent, and provide parts and service support for several categories of specialized equipment, including lift trucks and other material handling equipment, heavy and compact earthmoving equipment, crushing and screening equipment, environmental processing equipment, cranes and aerial work platforms, paving and asphalt equipment, other construction equipment, and allied products. We engage in five principal business activities in these equipment categories: (i)new and used equipment sales; (ii)parts sales; (iii)repair and maintenance services; (iv)equipment rentals and (v)rental equipment sales.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.8B | 1.8B | 1.9B | 1.9B | 1.6B | 1.2B |
| Net Income | -83M | -83M | -65M | 5.9M | 6.3M | -23M |
| EPS | $-2.55 | $-2.55 | $-1.96 | $0.18 | $0.20 | $-0.74 |
| Free Cash Flow | 24M | 24M | 42M | 46M | 13M | 23M |
| ROIC | 3.8% | 4.6% | 3.4% | 13.1% | 7.9% | 4.0% |
| Gross Margin | 25.9% | 25.9% | 26.3% | 27.0% | 26.7% | 25.9% |
| Debt/Equity | 0.00 | -57.56 | 6.46 | 2.19 | 2.29 | 2.34 |
| Dividends/Share | $0.09 | $0.09 | $0.09 | $0.09 | $0.10 | $0.08 |
| Operating Income | 23M | 23M | 19M | 54M | 41M | 18M |
| Operating Margin | 1.3% | 1.3% | 1.0% | 2.9% | 2.6% | 1.5% |
| ROE | 0.0% | -242.2% | -83.9% | 3.9% | 4.5% | -17.4% |
| Shares Outstanding | 33M | 33M | 33M | 33M | 32M | 32M |
| Metric | 2019 | 2020 | 2021 | 2022 | 2023 | |||
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | 557M | 874M | 1.2B | 1.6B | 1.9B | 1.9B | 1.8B | 1.8B |
| Gross Margin | 27.3% | 24.6% | 25.9% | 26.7% | 27.0% | 26.3% | 25.9% | 25.9% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 138M | 216M | 286M | 362M | 430M | 447M | 423M | 423M |
| EBIT | 12M | -8.1M | 18M | 41M | 54M | 19M | 23M | 23M |
| Op. Margin | 2.1% | -0.9% | 1.5% | 2.6% | 2.9% | 1.0% | 1.3% | 1.3% |
| Net Income | -35M | -24M | -23M | 6.3M | 5.9M | -65M | -83M | -83M |
| Net Margin | -6.4% | -2.7% | -1.9% | 0.4% | 0.3% | -3.5% | -4.5% | -4.5% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | ||||||||
| ROIC | 8.4% | -8.2% | 4.0% | 7.9% | 13.1% | 3.4% | 4.6% | 3.8% |
| ROE | N/A | -15.3% | -17.4% | 4.5% | 3.9% | -83.9% | -242.2% | 0.0% |
| ROA | -7.8% | -3.2% | -2.4% | 0.5% | 0.4% | -4.4% | -5.9% | -6.2% |
| Cash Flow | ||||||||
| Op. Cash Flow | -5.5M | -35M | 31M | 26M | 58M | 57M | 33M | 33M |
| Free Cash Flow | -8.2M | -39M | 23M | 13M | 46M | 42M | 24M | 24M |
| Owner Earnings | -56M | -117M | -66M | -89M | -78M | -92M | -104M | -104M |
| CapEx | 2.7M | 4.4M | 8.1M | 13M | 12M | 15M | 9.2M | 9.2M |
| Maint. CapEx | 50M | 75M | 96M | 112M | 133M | 145M | 134M | 134M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 50M | 75M | 96M | 112M | 133M | 145M | 134M | 134M |
| CapEx/OCF | N/A | N/A | 26.4% | 49.2% | 21.2% | 27.0% | 27.9% | 27.9% |
| Capital Allocation | ||||||||
| Dividends Paid | 0 | 0 | 2.6M | 3.0M | 3.0M | 3.0M | 3.0M | 3.0M |
| Dividend Yield | N/A | N/A | 0.7% | 0.9% | 0.7% | 1.0% | 1.5% | 1.4% |
| Share Buybacks | 0 | 5.9M | 0 | 0 | 0 | 5.8M | 7.5M | 7.5M |
| Buyback Yield | N/A | 2.4% | N/A | N/A | N/A | 2.6% | 4.9% | 3.5% |
| Stock-Based Comp | N/A | 6.7M | 1.2M | 2.7M | 4.3M | 4.8M | 3.8M | 3.8M |
| Debt Repayment | 12M | 6.8M | 1.7M | 0 | 0 | 1.9M | 0 | 0 |
| Balance Sheet | ||||||||
| Net Debt | 162M | 299M | 311M | 314M | 266M | 474M | 469M | 488M |
| Cash & Equiv. | 4.0M | 1.2M | 2.3M | 2.7M | 31M | 13M | 19M | 19M |
| Long-Term Debt | 87M | 135M | 310M | 311M | 312M | 480M | 485M | 485M |
| Debt/Equity | -7.16 | 1.92 | 2.34 | 2.29 | 2.19 | 6.46 | -57.56 | 0.00 |
| Interest Coverage | 4.0 | -3.5 | 10.6 | 15.1 | 6.5 | 1.5 | 2.1 | 2.1 |
| Equity | -23M | 157M | 135M | 140M | 150M | 78M | -8.8M | -8.8M |
| Total Assets | 454M | 746M | 983M | 1.3B | 1.6B | 1.5B | 1.3B | 1.3B |
| Total Liabilities | 477M | 589M | 848M | 1.2B | 1.4B | 1.4B | 1.3B | 1.3B |
| Intangibles | 12M | 51M | 85M | 130M | 143M | 132M | 126M | 126M |
| Retained Earnings | -23M | -53M | -77M | -74M | -76M | -149M | -236M | -236M |
| Working Capital | -99M | -53M | 126M | 192M | 203M | 197M | 215M | 215M |
| Current Assets | 244M | 382M | 449M | 663M | 838M | 775M | 710M | 710M |
| Current Liabilities | 343M | 434M | 322M | 471M | 635M | 577M | 495M | 495M |
| Per Share Data | ||||||||
| EPS | -4.84 | -0.90 | -0.74 | 0.20 | 0.18 | -1.96 | -2.55 | -2.55 |
| Owner EPS | -1.85 | -4.38 | -2.10 | -2.82 | -2.39 | -2.78 | -3.20 | -3.20 |
| Book Value | -0.77 | 5.88 | 4.26 | 4.44 | 4.57 | 2.34 | -0.27 | -0.27 |
| Cash Flow/Share | -0.18 | -1.31 | 0.97 | 0.83 | 1.78 | 1.72 | 1.01 | 1.54 |
| Dividends/Share | N/A | N/A | 0.08 | 0.10 | 0.09 | 0.09 | 0.09 | 0.09 |
| Shares Out. | 30.0M | 26.7M | 31.6M | 31.5M | 32.8M | 33.2M | 32.7M | 32.7M |
| Valuation | ||||||||
| P/E Ratio | N/A | N/A | N/A | 58.7 | 66.9 | N/A | N/A | -2.6 |
| P/FCF | N/A | N/A | 19.0 | 28.0 | 8.6 | 5.3 | 6.5 | 8.9 |
| EV/EBIT | 37.9 | N/A | 41.1 | 16.8 | 12.1 | 37.3 | 26.9 | 30.2 |
| Price/Book | N/A | 1.6 | 3.2 | 2.6 | 2.6 | 2.8 | N/A | N/A |
| Price/Sales | 0.5 | 0.2 | 0.3 | 0.2 | 0.2 | 0.2 | 0.1 | 0.1 |
| FCF Yield | -2.9% | -16.1% | 5.3% | 3.6% | 11.7% | 18.9% | 15.4% | 11.2% |
| Market Cap | 281M | 245M | 429M | 370M | 395M | 220M | 154M | 213M |
| Avg. Price | 9.15 | 7.28 | 12.12 | 11.13 | 13.50 | 8.74 | 6.14 | 6.51 |
| Year-End Price | 9.37 | 9.17 | 13.56 | 11.74 | 12.04 | 6.62 | 4.72 | 6.51 |
ALTA EQUIPMENT GROUP INC. passes 3 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 8.8x vs a median of 8.6x. The company's 5-year average ROIC is 6.6% with a gross margin of 26.4%. Total shareholder yield (dividends + buybacks) is 4.9%. At current prices, the estimated annualized return to fair value is +34.6%.
ALTA EQUIPMENT GROUP INC. (ALTG) has a 5-year average return on invested capital (ROIC) of 6.6%. This is below average and may indicate limited pricing power.
ALTA EQUIPMENT GROUP INC. (ALTG) has a market capitalization of $213M. It is classified as a small-cap stock.
Yes, ALTA EQUIPMENT GROUP INC. (ALTG) pays a dividend with a trailing twelve-month yield of 1.41%. The company also returns capital through share buybacks, with a buyback yield of 3.53%.
ALTA EQUIPMENT GROUP INC. (ALTG) operates in the Wholesale-Industrial Machinery & Equipment industry, within the Consumer Cyclical sector.
ALTA EQUIPMENT GROUP INC. (ALTG) reported annual revenue of $1.8 billion in its most recent fiscal year, based on SEC EDGAR filings.
ALTA EQUIPMENT GROUP INC. (ALTG) has a net profit margin of -4.5%. The company is currently unprofitable.
ALTA EQUIPMENT GROUP INC. (ALTG) generated $24 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
ALTA EQUIPMENT GROUP INC. (ALTG) reported earnings per share (EPS) of $-2.55 in its most recent fiscal year.
ALTA EQUIPMENT GROUP INC. (ALTG) has a return on equity (ROE) of -242.2%. A negative ROE may indicate losses or negative equity.
ALTA EQUIPMENT GROUP INC. (ALTG) has a 5-year average gross margin of 26.4%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 7 years of financial data for ALTA EQUIPMENT GROUP INC. (ALTG), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
ALTA EQUIPMENT GROUP INC. (ALTG) has a book value per share of $-0.27, based on its most recent annual SEC filing.