ALBANY INTL CORP-CL A (AIN) Stock Fundamental Analysis
NYSE:AIN - New York Stock Exchange, Inc. - US0123481089 - Common Stock - Currency: USD
AIN gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 129 industry peers in the Machinery industry. AIN has an excellent financial health rating, but there are some minor concerns on its profitability. AIN is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year AIN was profitable.
AIN had a positive operating cash flow in the past year.
Each year in the past 5 years AIN has been profitable.
AIN had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
AIN has a better Return On Assets (5.73%) than 61.60% of its industry peers.
AIN has a Return On Equity (10.13%) which is in line with its industry peers.
Looking at the Return On Invested Capital, with a value of 7.23%, AIN is in line with its industry, outperforming 55.20% of the companies in the same industry.
AIN had an Average Return On Invested Capital over the past 3 years of 8.69%. This is below the industry average of 11.00%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.73% | ||
| ROE | 10.13% | ||
| ROIC | 7.23% |
ROA(3y)6.5%
ROA(5y)6.97%
ROE(3y)12.07%
ROE(5y)13.45%
ROIC(3y)8.69%
ROIC(5y)9.22%
1.3 Margins
AIN has a Profit Margin of 7.92%. This is in the better half of the industry: AIN outperforms 62.40% of its industry peers.
AIN's Profit Margin has improved in the last couple of years.
AIN's Operating Margin of 12.27% is fine compared to the rest of the industry. AIN outperforms 60.80% of its industry peers.
In the last couple of years the Operating Margin of AIN has remained more or less at the same level.
AIN's Gross Margin of 34.03% is in line compared to the rest of the industry. AIN outperforms 58.40% of its industry peers.
AIN's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 12.27% | ||
| PM (TTM) | 7.92% | ||
| GM | 34.03% |
OM growth 3Y-8.42%
OM growth 5Y-1.21%
PM growth 3Y-4.02%
PM growth 5Y2.79%
GM growth 3Y-3.6%
GM growth 5Y0.73%
2. Health
2.1 Basic Checks
AIN has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for AIN has been increased compared to 1 year ago.
The number of shares outstanding for AIN has been reduced compared to 5 years ago.
Compared to 1 year ago, AIN has an improved debt to assets ratio.
2.2 Solvency
AIN has an Altman-Z score of 4.29. This indicates that AIN is financially healthy and has little risk of bankruptcy at the moment.
With a decent Altman-Z score value of 4.29, AIN is doing good in the industry, outperforming 68.80% of the companies in the same industry.
The Debt to FCF ratio of AIN is 3.10, which is a good value as it means it would take AIN, 3.10 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 3.10, AIN is doing good in the industry, outperforming 65.60% of the companies in the same industry.
A Debt/Equity ratio of 0.36 indicates that AIN is not too dependend on debt financing.
AIN has a Debt to Equity ratio of 0.36. This is comparable to the rest of the industry: AIN outperforms 57.60% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.36 | ||
| Debt/FCF | 3.1 | ||
| Altman-Z | 4.29 |
ROIC/WACC0.71
WACC10.2%
2.3 Liquidity
AIN has a Current Ratio of 3.68. This indicates that AIN is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 3.68, AIN belongs to the top of the industry, outperforming 84.00% of the companies in the same industry.
AIN has a Quick Ratio of 2.94. This indicates that AIN is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 2.94, AIN belongs to the top of the industry, outperforming 86.40% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.68 | ||
| Quick Ratio | 2.94 |
3. Growth
3.1 Past
AIN shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 6.42%.
The Earnings Per Share has been growing slightly by 6.54% on average over the past years.
The Revenue has grown by 15.94% in the past year. This is quite good.
AIN shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 3.16% yearly.
EPS 1Y (TTM)6.42%
EPS 3Y2.87%
EPS 5Y6.54%
EPS Q2Q%-21.57%
Revenue 1Y (TTM)15.94%
Revenue growth 3Y8.42%
Revenue growth 5Y3.16%
Sales Q2Q%6.15%
3.2 Future
Based on estimates for the next years, AIN will show a small growth in Earnings Per Share. The EPS will grow by 3.96% on average per year.
The Revenue is expected to grow by 2.31% on average over the next years.
EPS Next Y-18.95%
EPS Next 2Y-2.93%
EPS Next 3Y3.96%
EPS Next 5YN/A
Revenue Next Year10.85%
Revenue Next 2Y7.4%
Revenue Next 3Y6.61%
Revenue Next 5Y2.31%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 20.97, AIN is valued on the expensive side.
Compared to the rest of the industry, the Price/Earnings ratio of AIN indicates a somewhat cheap valuation: AIN is cheaper than 60.80% of the companies listed in the same industry.
AIN's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 29.63.
AIN is valuated rather expensively with a Price/Forward Earnings ratio of 20.94.
Compared to the rest of the industry, the Price/Forward Earnings ratio of AIN is on the same level as its industry peers.
AIN's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 22.68.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.97 | ||
| Fwd PE | 20.94 |
4.2 Price Multiples
AIN's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. AIN is cheaper than 71.20% of the companies in the same industry.
AIN's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. AIN is cheaper than 68.80% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.41 | ||
| EV/EBITDA | 11.52 |
4.3 Compensation for Growth
The decent profitability rating of AIN may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)3.2
EPS Next 2Y-2.93%
EPS Next 3Y3.96%
5. Dividend
5.1 Amount
AIN has a Yearly Dividend Yield of 1.31%.
AIN's Dividend Yield is a higher than the industry average which is at 1.65.
Compared to an average S&P500 Dividend Yield of 2.27, AIN's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.31% |
5.2 History
On average, the dividend of AIN grows each year by 8.06%, which is quite nice.
AIN has paid a dividend for at least 10 years, which is a reliable track record.
AIN has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)8.06%
Div Incr Years6
Div Non Decr Years22
5.3 Sustainability
AIN pays out 31.99% of its income as dividend. This is a sustainable payout ratio.
The dividend of AIN is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP31.99%
EPS Next 2Y-2.93%
EPS Next 3Y3.96%
79.9
-2.54 (-3.08%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners102.38%
Inst Owner Change6.61%
Ins Owners0.56%
Ins Owner Change0.72%
Market Cap2.50B
Analysts75.56
Price Target94.86 (18.72%)
Short Float %1.77%
Short Ratio2.96
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.31% |
Yearly Dividend1
Dividend Growth(5Y)8.06%
DP31.99%
Div Incr Years6
Div Non Decr Years22
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)18.32%
Min EPS beat(2)-2.81%
Max EPS beat(2)39.45%
EPS beat(4)3
Avg EPS beat(4)21.32%
Min EPS beat(4)-2.81%
Max EPS beat(4)46.59%
EPS beat(8)6
Avg EPS beat(8)13.97%
EPS beat(12)10
Avg EPS beat(12)18.44%
EPS beat(16)14
Avg EPS beat(16)21.29%
Revenue beat(2)1
Avg Revenue beat(2)0.72%
Min Revenue beat(2)-1.89%
Max Revenue beat(2)3.32%
Revenue beat(4)2
Avg Revenue beat(4)1.96%
Min Revenue beat(4)-1.89%
Max Revenue beat(4)7.42%
Revenue beat(8)6
Avg Revenue beat(8)3.89%
Revenue beat(12)10
Avg Revenue beat(12)4.63%
Revenue beat(16)14
Avg Revenue beat(16)4.74%
PT rev (1m)3.91%
PT rev (3m)0.9%
EPS NQ rev (1m)1.23%
EPS NQ rev (3m)3.62%
EPS NY rev (1m)0.25%
EPS NY rev (3m)0.7%
Revenue NQ rev (1m)0.18%
Revenue NQ rev (3m)0.52%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.16%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.97 | ||
| Fwd PE | 20.94 | ||
| P/S | 1.97 | ||
| P/FCF | 21.41 | ||
| P/OCF | 11.67 | ||
| P/B | 2.52 | ||
| P/tB | 3.25 | ||
| EV/EBITDA | 11.52 |
EPS(TTM)3.81
EY4.77%
EPS(NY)3.82
Fwd EY4.78%
FCF(TTM)3.73
FCFY4.67%
OCF(TTM)6.84
OCFY8.57%
SpS40.49
BVpS31.66
TBVpS24.57
PEG (NY)N/A
PEG (5Y)3.2
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.73% | ||
| ROE | 10.13% | ||
| ROCE | 10.13% | ||
| ROIC | 7.23% | ||
| ROICexc | 7.88% | ||
| ROICexgc | 9.36% | ||
| OM | 12.27% | ||
| PM (TTM) | 7.92% | ||
| GM | 34.03% | ||
| FCFM | 9.22% |
ROA(3y)6.5%
ROA(5y)6.97%
ROE(3y)12.07%
ROE(5y)13.45%
ROIC(3y)8.69%
ROIC(5y)9.22%
ROICexc(3y)10.69%
ROICexc(5y)11.21%
ROICexgc(3y)13.18%
ROICexgc(5y)14.01%
ROCE(3y)12.19%
ROCE(5y)12.93%
ROICexcg growth 3Y-10.05%
ROICexcg growth 5Y-5.44%
ROICexc growth 3Y-8.17%
ROICexc growth 5Y-4.32%
OM growth 3Y-8.42%
OM growth 5Y-1.21%
PM growth 3Y-4.02%
PM growth 5Y2.79%
GM growth 3Y-3.6%
GM growth 5Y0.73%
F-Score7
Asset Turnover0.72
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.36 | ||
| Debt/FCF | 3.1 | ||
| Debt/EBITDA | 1.48 | ||
| Cap/Depr | 109.53% | ||
| Cap/Sales | 7.69% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 87.66% | ||
| Profit Quality | 116.37% | ||
| Current Ratio | 3.68 | ||
| Quick Ratio | 2.94 | ||
| Altman-Z | 4.29 |
F-Score7
WACC10.2%
ROIC/WACC0.71
Cap/Depr(3y)107.26%
Cap/Depr(5y)95.23%
Cap/Sales(3y)7.48%
Cap/Sales(5y)6.72%
Profit Quality(3y)76.26%
Profit Quality(5y)85.62%
High Growth Momentum
Growth
EPS 1Y (TTM)6.42%
EPS 3Y2.87%
EPS 5Y6.54%
EPS Q2Q%-21.57%
EPS Next Y-18.95%
EPS Next 2Y-2.93%
EPS Next 3Y3.96%
EPS Next 5YN/A
Revenue 1Y (TTM)15.94%
Revenue growth 3Y8.42%
Revenue growth 5Y3.16%
Sales Q2Q%6.15%
Revenue Next Year10.85%
Revenue Next 2Y7.4%
Revenue Next 3Y6.61%
Revenue Next 5Y2.31%
EBIT growth 1Y-5.2%
EBIT growth 3Y-0.71%
EBIT growth 5Y1.91%
EBIT Next Year48.4%
EBIT Next 3Y23.74%
EBIT Next 5YN/A
FCF growth 1Y88.73%
FCF growth 3Y-13.38%
FCF growth 5Y5.11%
OCF growth 1Y57.18%
OCF growth 3Y1.81%
OCF growth 5Y2.24%