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 93th percentile in terms of potential gain offered. Specifically, our DCF analysis implies the stock is trading below its fair value by an estimated 3230%. In terms of the factors that were most noteworthy in this DCF analysis for ASTE, they are:
100% of the company's capital comes from equity, which is greater than 97.91% of stocks in our cash flow based forecasting set.
The business' balance sheet reveals debt to be 0% of the company's capital (with equity being the remaining amount). Approximately merely 2.05% of US stocks with free cash flow have a lower reliance on debt in their capital structure.
As a business, Astec Industries Inc experienced a tax rate of about 105% over the past twelve months; relative to its sector (Industrials), this tax rate is higher than 98.26% of stocks generating free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Industrials that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as ASTE, try RLGT, AZUL, ESOA, TOMZ, and GOL.
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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