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:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Applied Industrial Technologies Inc. To summarize, we found that Applied Industrial Technologies Inc ranked in the 73th percentile in terms of potential gain offered. Moreover, under all the scenarios we modelled, the output consistently forecasted positive returns. The most interesting components of our discounted cash flow analysis for Applied Industrial Technologies Inc ended up being:
Its compound free cash flow growth rate, as measured over the past 5.53 years, is 0.34% -- higher than 71.85% of stocks in our DCF forecasting set.
The company has produced more trailing twelve month cash flow than 63.69% of its sector Industrials.
Applied Industrial Technologies Inc's effective tax rate, as measured by taxes paid relative to net income, is at 25 -- greater than 87.52% of US stocks with positive free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
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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