A Business at a Glance
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ASTEC INDUSTRIES INC
ASTE
$1.3B
Mkt Cap
$56.40
+0.32%
ASTEC INDUSTRIES INC (ASTE) has a current P/E ratio of 33.6, compared to its historical median P/E of 27.3. The stock is currently considered Fair based on its historical valuation range.
ASTEC INDUSTRIES INC (ASTE) has a 5-year average return on invested capital (ROIC) of 4.4%. This is below average and may indicate limited pricing power.
ASTEC INDUSTRIES INC (ASTE) has a market capitalization of $1.3B. It is classified as a small-cap stock.
Yes, ASTEC INDUSTRIES INC (ASTE) pays a dividend with a trailing twelve-month yield of 0.93%.
Based on historical P/E analysis, ASTEC INDUSTRIES INC (ASTE) appears fair. The current P/E of 33.6 is 23% above its historical median of 27.3. The estimated fair value CAGR (P/E method) is -5.3%.
ASTEC INDUSTRIES INC (ASTE) operates in the Construction Machinery & Equip industry, within the Industrials sector.
ASTEC INDUSTRIES INC (ASTE) reported annual revenue of $1.4 billion in its most recent fiscal year, based on SEC EDGAR filings.
Our Company We design, engineer, manufacture, market and service equipment and components used primarily in asphalt and concrete road building and related construction activities, as well as other products discussed below. Our products are used in each phase of road building, from quarrying and crushing the aggregate to application of the road surface. We also offer industrial automation controls and telematics platforms as well as manufacturing certain equipment and components unrelated to road construction, including equipment for the mining, quarrying, construction, demolition, land clearing, energy, hydro-electric and recycling industries and port and rail yard operators; industrial heat transfer equipment; commercial whole-tree pulpwood chippers; horizontal grinders; blower trucks; commercial and industrial burners; and combustion control systems.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.5B | 1.4B | 1.3B | 1.3B | 1.3B | 1.1B |
| Net Income | 26M | 39M | 4.3M | 34M | - | 16M |
| EPS | $1.13 | $1.68 | $0.19 | $1.47 | $0.00 | $0.69 |
| Free Cash Flow | 37M | 21M | 2.5M | -6.3M | -115M | -13M |
| ROIC | 3.9% | 5.9% | 2.1% | 5.8% | - | 4.0% |
| Gross Margin | 25.8% | 26.5% | 25.1% | 24.7% | 20.7% | 22.8% |
| Debt/Equity | 0.58 | 0.53 | 0.20 | 0.14 | 0.16 | 0.01 |
| Dividends/Share | $0.52 | $0.52 | $0.52 | $0.52 | $0.49 | $0.45 |
| Operating Income | 54M | 66M | 23M | 49M | 7.5M | 20M |
| Operating Margin | 3.7% | 4.7% | 1.8% | 3.6% | 0.6% | 1.8% |
| ROE | 3.8% | 5.9% | 0.7% | 5.2% | - | 2.4% |
| Shares Outstanding | 23M | 23M | 23M | 23M | 23M | 23M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 976M | 983M | 1.1B | 1.2B | 1.2B | 1.2B | 1.0B | 1.1B | 1.3B | 1.3B | 1.3B | 1.4B | 1.5B |
| Gross Margin | 22.1% | 22.3% | 23.1% | 20.5% | 11.6% | 20.5% | 23.2% | 22.8% | 20.7% | 24.7% | 25.1% | 26.5% | 25.8% |
| R&D | 22M | 24M | 25M | 27M | 28M | 27M | 22M | 27M | 32M | 22M | 24M | 27M | 27M |
| SG&A | 164M | 169M | 178M | 161M | 181M | 184M | 167M | 227M | 248M | 276M | 276M | 309M | 327M |
| EBIT | 52M | 50M | 87M | 56M | -86M | 25M | 41M | 20M | 7.5M | 49M | 23M | 66M | 54M |
| Op. Margin | 5.3% | 5.1% | 7.6% | 4.7% | -7.4% | 2.1% | 4.0% | 1.8% | 0.6% | 3.6% | 1.8% | 4.7% | 3.7% |
| Net Income | 34M | 33M | 55M | 38M | -60M | 22M | 46M | 16M | N/A | 34M | 4.3M | 39M | 26M |
| Net Margin | 3.5% | 3.3% | 4.8% | 3.2% | -5.2% | 1.9% | 4.5% | 1.4% | N/A | 2.5% | 0.3% | 2.8% | 1.7% |
| Non-Recurring | 306K | 529K | 224K | 388K | 13M | 2.9M | 18M | 3.5M | 6.9M | 11M | 31M | 400K | 400K |
| Returns on Capital | |||||||||||||
| ROIC | 6.2% | 5.5% | 9.4% | 6.0% | -9.1% | 3.8% | 7.8% | 4.0% | N/A | 5.8% | 2.1% | 5.9% | 3.9% |
| ROE | 5.9% | 5.5% | 8.8% | 5.7% | -9.5% | 3.8% | 7.4% | 2.4% | N/A | 5.2% | 0.7% | 5.9% | 3.8% |
| ROA | 4.4% | 4.2% | 6.8% | 4.4% | -6.9% | 2.7% | 5.6% | 1.8% | N/A | 3.2% | 0.4% | 3.2% | 1.8% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 19M | 31M | 135M | 42M | -30M | 113M | 142M | 7.4M | -74M | 28M | 23M | 61M | 82M |
| Free Cash Flow | -6.0M | 9.7M | 107M | 22M | -57M | 89M | 126M | -13M | -115M | -6.3M | 2.5M | 21M | 37M |
| Owner Earnings | -6.7M | 5.5M | 107M | 13M | -60M | 84M | 109M | -29M | -109M | -1.9M | -8.8M | 18M | 30M |
| CapEx | 25M | 21M | 27M | 20M | 27M | 23M | 15M | 20M | 41M | 34M | 21M | 41M | 45M |
| Maint. CapEx | 24M | 24M | 25M | 26M | 28M | 26M | 27M | 30M | 28M | 26M | 27M | 36M | 44M |
| Growth CapEx | 475K | 0 | 2.6M | 0 | 0 | 0 | 0 | 0 | 13M | 8.5M | 0 | 4.4M | 800K |
| D&A | 24M | 24M | 25M | 26M | 28M | 26M | 27M | 30M | 28M | 26M | 27M | 36M | 44M |
| CapEx/OCF | 131.7% | 68.7% | 20.3% | 47.9% | N/A | 20.8% | 10.9% | 271.6% | N/A | 122.7% | 89.1% | 66.3% | 55.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 9.2M | 9.2M | 9.2M | 9.2M | 9.6M | 10M | 10M | 10M | 11M | 12M | 12M | 12M | 12M |
| Dividend Yield | 1.1% | 1.1% | 0.8% | 0.8% | 0.9% | 1.4% | 1.0% | 0.7% | 1.1% | 1.3% | 1.5% | 1.3% | 0.9% |
| Share Buybacks | 0 | 0 | 0 | 0 | 24M | 0 | 0 | 0 | 10M | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | 3.8% | N/A | N/A | N/A | 1.2% | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 1.2M | 1.3M | 2.9M | 3.1M | 2.2M | 2.6M | 5.1M | 6.0M | 6.8M | 4.1M | 5.0M | 7.1M | 8.0M |
| Debt Repayment | 103M | 105M | 5.9M | 7.2M | 92M | 224M | 5.9M | 6.2M | 139M | 246M | 179M | 230M | 230M |
| Balance Sheet | |||||||||||||
| Net Debt | -4.0M | -17M | -72M | -60M | 32M | -45M | -154M | -134M | 29M | 23M | 33M | 289M | 316M |
| Cash & Equiv. | 13M | 25M | 82M | 62M | 26M | 49M | 159M | 134M | 66M | 63M | 91M | 72M | 77M |
| Long-Term Debt | 7.1M | 5.2M | 4.1M | 1.6M | 60M | 700K | 400K | 200K | 78M | 72M | 105M | 320M | 366M |
| Debt/Equity | 0.02 | 0.02 | 0.02 | 0.01 | 0.10 | 0.01 | 0.01 | 0.01 | 0.16 | 0.14 | 0.20 | 0.53 | 0.58 |
| Interest Coverage | 71.8 | 31.0 | 62.5 | 66.1 | -86.4 | 17.9 | 57.9 | 18.1 | 3.0 | 5.5 | 2.2 | 3.6 | 2.3 |
| Equity | 592M | 608M | 648M | 686M | 585M | 602M | 643M | 651M | 627M | 653M | 638M | 682M | 678M |
| Total Assets | 802M | 777M | 844M | 890M | 856M | 801M | 847M | 906M | 1.0B | 1.1B | 1.0B | 1.4B | 1.4B |
| Total Liabilities | 206M | 167M | 195M | 203M | 270M | 198M | 205M | 255M | 388M | 406M | 406M | 686M | 751M |
| Intangibles | 17M | 14M | 27M | 31M | 25M | 24M | 31M | 23M | 23M | 16M | 11M | 125M | 147M |
| Retained Earnings | 467M | 491M | 537M | 565M | 495M | 508M | 545M | 549M | 528M | 549M | 542M | 568M | 567M |
| Working Capital | 389M | 400M | 408M | 424M | 372M | 334M | 396M | 413M | 422M | 421M | 451M | 489M | 470M |
| Current Assets | 550M | 542M | 577M | 603M | 561M | 506M | 566M | 636M | 696M | 720M | 723M | 817M | 820M |
| Current Liabilities | 161M | 142M | 169M | 179M | 189M | 173M | 170M | 223M | 274M | 299M | 272M | 328M | 350M |
| Per Share Data | |||||||||||||
| EPS | 1.49 | 1.42 | 2.38 | 1.63 | -2.64 | 0.98 | 2.01 | 0.69 | 0.00 | 1.47 | 0.19 | 1.68 | 1.13 |
| Owner EPS | -0.29 | 0.24 | 4.62 | 0.56 | -2.63 | 3.68 | 4.78 | -1.26 | -4.80 | -0.08 | -0.39 | 0.78 | 1.28 |
| Book Value | 25.60 | 26.33 | 27.95 | 29.57 | 25.55 | 26.45 | 28.07 | 28.42 | 27.71 | 28.67 | 28.18 | 29.52 | 29.51 |
| Cash Flow/Share | 0.82 | 1.34 | 5.82 | 1.81 | -1.31 | 4.95 | 6.18 | 0.32 | -3.27 | 1.22 | 1.02 | 2.66 | 3.04 |
| Dividends/Share | 0.40 | 0.40 | 0.40 | 0.40 | 0.42 | 0.44 | 0.44 | 0.45 | 0.49 | 0.52 | 0.52 | 0.52 | 0.52 |
| Shares Out. | 23.1M | 23.1M | 23.2M | 23.2M | 22.9M | 22.8M | 22.9M | 22.9M | 22.6M | 22.8M | 22.6M | 23.1M | 23.0M |
| Valuation | |||||||||||||
| P/E Ratio | 23.8 | 25.8 | 25.6 | 32.4 | N/A | 40.1 | 26.9 | 97.1 | N/A | 24.8 | 172.6 | 27.3 | 50.0 |
| P/FCF | N/A | 87.6 | 13.1 | 56.1 | N/A | 10.0 | 10.0 | N/A | N/A | N/A | 296.9 | 51.2 | 35.3 |
| EV/EBIT | 15.8 | 16.6 | 15.4 | 21.0 | N/A | 33.7 | 25.6 | 70.0 | 118.9 | 17.4 | 33.1 | 20.2 | 29.6 |
| Price/Book | 1.4 | 1.4 | 2.2 | 1.8 | 1.1 | 1.5 | 2.0 | 2.4 | 1.4 | 1.3 | 1.2 | 1.6 | 1.9 |
| Price/Sales | 0.8 | 0.8 | 1.0 | 1.0 | 0.9 | 0.6 | 1.0 | 1.3 | 0.8 | 0.7 | 0.6 | 0.7 | 0.9 |
| FCF Yield | -0.7% | 1.1% | 7.6% | 1.8% | -9.0% | 10.0% | 10.0% | -0.8% | -13.1% | -0.8% | 0.3% | 2.0% | 2.8% |
| Market Cap | 822M | 847M | 1.4B | 1.2B | 641M | 894M | 1.3B | 1.5B | 874M | 830M | 742M | 1.1B | 1.3B |
| Avg. Price | 35.19 | 35.05 | 47.60 | 52.25 | 47.59 | 31.77 | 43.86 | 61.16 | 43.11 | 41.01 | 34.28 | 40.21 | 56.40 |
| Year-End Price | 35.53 | 36.67 | 60.86 | 52.82 | 28.00 | 39.28 | 55.23 | 66.98 | 38.42 | 36.43 | 32.80 | 45.91 | 56.40 |
ASTEC INDUSTRIES INC passes 2 of 9 quality checks, indicating weak fundamentals.
ASTEC INDUSTRIES INC trades at 33.6x trailing earnings, compared to its 15-year median P/E of 27.3x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 62.4x vs a median of 13.1x. The company's 5-year average ROIC is 4.4% with a gross margin of 24.0%. Total shareholder yield (dividends) is 0.9%. At current prices, the estimated annualized return to fair value is -19.8%.
ASTEC INDUSTRIES INC (ASTE) has a net profit margin of 2.8%. This is a modest margin.
ASTEC INDUSTRIES INC (ASTE) generated $21 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
ASTEC INDUSTRIES INC (ASTE) has a debt-to-equity ratio of 0.53. This indicates moderate leverage.
ASTEC INDUSTRIES INC (ASTE) reported earnings per share (EPS) of $1.68 in its most recent fiscal year.
ASTEC INDUSTRIES INC (ASTE) has a return on equity (ROE) of 5.9%. This indicates moderate shareholder returns.
ASTEC INDUSTRIES INC (ASTE) has a 5-year average gross margin of 24.0%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 16 years of financial data for ASTEC INDUSTRIES INC (ASTE), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
ASTEC INDUSTRIES INC (ASTE) has a book value per share of $29.52, based on its most recent annual SEC filing.