Astec Industries is a manufacturer of specialized equipment for asphalt road building; aggregate processing; oil, gas and water well drilling; and wood processing. The company was founded in 1972 and is based in Chattanooga, Tennessee.
ASTE Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for Astec Industries Inc with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Astec Industries Inc ranked in the 94th percentile in terms of potential gain offered. Moreover, under all the scenarios we modelled, the output consistently forecasted positive returns. In terms of the factors that were most noteworthy in this DCF analysis for ASTE, they are:
The company's balance sheet shows it gets 100% of its capital from equity, and 0% of its capital from debt. Its equity weight surpasses that of 98.5% of free cash flow generating stocks in the Industrials sector.
The business' balance sheet suggests that 0% of the company's capital is sourced from debt; this is greater than merely 1.95% of the free cash flow producing stocks we're observing.
ASTE's estimated cost of debt, based largely on its market capitalization and its interest coverage ratio, is 2%; for context, that number is higher than 59.43% of tickers in our DCF set.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
Want more companies with a valuation profile/forecast similar to that of Astec Industries Inc? See PWR, AZUL, HEES, XPO, and RYI.
Astec (ASTE) declares $0.11/share quarterly dividend, in line with previous.Forward yield 0.96%Payable Aug. 27; for shareholders of record Aug. 13; ex-div Aug. 12.See ASTE Dividend Scorecard, Yield Chart, & Dividend Growth....
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