Applied Industrial Technologies, Inc. (AIT) Company Bio
Applied Industrial Technologies distributes industrial products for maintenance, repair, and operational needs, as well as for original equipment manufacturing applications primarily in the United States, Canada, Mexico, Australia, and New Zealand. The company was founded in 1923 and is based in Cleveland, Ohio.
AIT Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for Applied Industrial Technologies Inc with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Applied Industrial Technologies Inc ranked in the 73th percentile in terms of potential gain offered. Specifically, our DCF analysis implies the stock is trading below its fair value by an estimated 276.5%. In terms of the factors that were most noteworthy in this DCF analysis for AIT, they are:
Its compound free cash flow growth rate, as measured over the past 5.74 years, is 0.35% -- higher than 72.2% of stocks in our DCF forecasting set.
As a business, AIT is generating more cash flow than 67.39% of positive cash flow stocks in the Industrials.
Applied Industrial Technologies Inc's effective tax rate, as measured by taxes paid relative to net income, is at 26 -- greater than 88.16% of US stocks with positive free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
AAWW, ABM, MTZ, TRU, and RGP can be thought of as valuation peers to AIT, in the sense that they are in the Industrials sector and have a similar price forecast based on DCF valuation.
CLEVELAND--(BUSINESS WIRE)--Applied Industrial Technologies (NYSE: AIT), a leading value-added distributor and technical solutions provider of industrial motion, fluid power, flow control, automation technologies, and related maintenance supplies, today reported results for its fiscal 2020 fourth quarter and full year ended June 30, 2020. Net sales for the quarter decreased 17.9% to $725.1 million from $882.7 million in the prior year. The change in sales includes a 1.5% increase from acquisiti
CLEVELAND--(BUSINESS WIRE)--Applied Industrial Technologies (NYSE: AIT) today announced plans to release its fiscal 2020 fourth quarter and year-end financial results on Wednesday, August 12, 2020, before the market opens. The Company’s fiscal 2020 fourth quarter ended June 30, 2020. The quarterly conference call for investors and analysts will begin at 10 a.m. ET on August 12. Neil A. Schrimsher – President & CEO, and David K. Wells – CFO will discuss the Company’s performance. A supplemen