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ALTA EQUIPMENT GROUP INC (ALTG) Stock Fundamental Analysis

NYSE:ALTG - New York Stock Exchange, Inc. - US02128L1061 - Common Stock - Currency: USD

6.45  -0.43 (-6.25%)

After market: 6.45 0 (0%)

Fundamental Rating

2

Taking everything into account, ALTG scores 2 out of 10 in our fundamental rating. ALTG was compared to 49 industry peers in the Trading Companies & Distributors industry. ALTG has a bad profitability rating. Also its financial health evaluation is rather negative. ALTG has a expensive valuation and it also scores bad on growth.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

ALTG had negative earnings in the past year.
ALTG had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: ALTG reported negative net income in multiple years.
The reported operating cash flow has been mixed in the past 5 years: ALTG reported negative operating cash flow in multiple years.
ALTG Yearly Net Income VS EBIT VS OCF VS FCFALTG Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 0 50M -50M

1.2 Ratios

ALTG has a worse Return On Assets (-3.64%) than 85.42% of its industry peers.
ALTG has a worse Return On Equity (-58.93%) than 95.83% of its industry peers.
Looking at the Return On Invested Capital, with a value of 1.87%, ALTG is doing worse than 81.25% of the companies in the same industry.
ALTG had an Average Return On Invested Capital over the past 3 years of 2.95%. This is significantly below the industry average of 9.86%.
Industry RankSector Rank
ROA -3.64%
ROE -58.93%
ROIC 1.87%
ROA(3y)-0.51%
ROA(5y)-0.95%
ROE(3y)-2.97%
ROE(5y)-4.84%
ROIC(3y)2.95%
ROIC(5y)N/A
ALTG Yearly ROA, ROE, ROICALTG Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 0 -5 -10 -15

1.3 Margins

ALTG's Operating Margin of 1.49% is on the low side compared to the rest of the industry. ALTG is outperformed by 81.25% of its industry peers.
ALTG's Gross Margin of 26.85% is on the low side compared to the rest of the industry. ALTG is outperformed by 60.42% of its industry peers.
In the last couple of years the Gross Margin of ALTG has grown nicely.
Industry RankSector Rank
OM 1.49%
PM (TTM) N/A
GM 26.85%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y3.25%
GM growth 5YN/A
ALTG Yearly Profit, Operating, Gross MarginsALTG Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 0 5 10 15 20 25

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1

2. Health

2.1 Basic Checks

ALTG 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 ALTG has been increased compared to 1 year ago.
Compared to 5 years ago, ALTG has more shares outstanding
ALTG has a worse debt/assets ratio than last year.
ALTG Yearly Shares OutstandingALTG Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 10M 20M 30M
ALTG Yearly Total Debt VS Total AssetsALTG Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 500M 1B 1.5B

2.2 Solvency

Based on the Altman-Z score of 1.42, we must say that ALTG is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of ALTG (1.42) is worse than 64.58% of its industry peers.
ALTG has a debt to FCF ratio of 36.80. This is a negative value and a sign of low solvency as ALTG would need 36.80 years to pay back of all of its debts.
ALTG has a Debt to FCF ratio (36.80) which is comparable to the rest of the industry.
A Debt/Equity ratio of 11.58 is on the high side and indicates that ALTG has dependencies on debt financing.
ALTG has a Debt to Equity ratio of 11.58. This is amonst the worse of the industry: ALTG underperforms 89.58% of its industry peers.
Industry RankSector Rank
Debt/Equity 11.58
Debt/FCF 36.8
Altman-Z 1.42
ROIC/WACC0.26
WACC7.08%
ALTG Yearly LT Debt VS Equity VS FCFALTG Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 0 200M 400M 600M

2.3 Liquidity

ALTG has a Current Ratio of 1.35. This is a normal value and indicates that ALTG is financially healthy and should not expect problems in meeting its short term obligations.
ALTG's Current ratio of 1.35 is on the low side compared to the rest of the industry. ALTG is outperformed by 79.17% of its industry peers.
ALTG has a Quick Ratio of 1.35. This is a bad value and indicates that ALTG is not financially healthy enough and could expect problems in meeting its short term obligations.
ALTG's Quick ratio of 0.43 is on the low side compared to the rest of the industry. ALTG is outperformed by 85.42% of its industry peers.
Industry RankSector Rank
Current Ratio 1.35
Quick Ratio 0.43
ALTG Yearly Current Assets VS Current LiabilitesALTG Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M 800M

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3

3. Growth

3.1 Past

The earnings per share for ALTG have decreased strongly by -901.89% in the last year.
Looking at the last year, ALTG shows a small growth in Revenue. The Revenue has grown by 6.51% in the last year.
ALTG shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 29.03% yearly.
EPS 1Y (TTM)-901.89%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-530%
Revenue 1Y (TTM)6.51%
Revenue growth 3Y29.03%
Revenue growth 5YN/A
Sales Q2Q%-3.73%

3.2 Future

The Earnings Per Share is expected to decrease by -57.00% on average over the next years. This is quite bad
The Revenue is expected to grow by 2.54% on average over the next years.
EPS Next Y-1112.92%
EPS Next 2Y-177.65%
EPS Next 3Y-57%
EPS Next 5YN/A
Revenue Next Year1.44%
Revenue Next 2Y1.93%
Revenue Next 3Y3.13%
Revenue Next 5Y2.54%

3.3 Evolution

The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
ALTG Yearly Revenue VS EstimatesALTG Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 500M 1B 1.5B 2B
ALTG Yearly EPS VS EstimatesALTG Yearly EPS VS EstimatesYearly EPS VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 -0.5 -1 -1.5

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2

4. Valuation

4.1 Price/Earnings Ratio

ALTG reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for ALTG. No positive earnings are expected for the next year.
Industry RankSector Rank
PE N/A
Fwd PE N/A
ALTG Price Earnings VS Forward Price EarningsALTG Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 20

4.2 Price Multiples

ALTG's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. ALTG is cheaper than 93.75% of the companies in the same industry.
93.75% of the companies in the same industry are more expensive than ALTG, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 7.06
EV/EBITDA 5.28
ALTG Per share dataALTG EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30 40 50

4.3 Compensation for Growth

A cheap valuation may be justified as ALTG's earnings are expected to decrease with -57.00% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-177.65%
EPS Next 3Y-57%

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3

5. Dividend

5.1 Amount

ALTG has a Yearly Dividend Yield of 3.31%.
ALTG's Dividend Yield is rather good when compared to the industry average which is at 1.86. ALTG pays more dividend than 93.75% of the companies in the same industry.
ALTG's Dividend Yield is a higher than the S&P500 average which is at 2.27.
Industry RankSector Rank
Dividend Yield 3.31%

5.2 History

ALTG has been paying a dividend for less than 5 years, so it still needs to build a track record.
Dividend Growth(5Y)N/A
Div Incr Years1
Div Non Decr Years2
ALTG Yearly Dividends per shareALTG Yearly Dividends per shareYearly Dividends per share 2022 2023 2024 2025 0.05 0.1 0.15 0.2

5.3 Sustainability

ALTG has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-19.15%
EPS Next 2Y-177.65%
EPS Next 3Y-57%
ALTG Yearly Income VS Free CF VS DividendALTG Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 0 -20M -40M -60M -80M

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ALTA EQUIPMENT GROUP INC

NYSE:ALTG (2/21/2025, 8:04:00 PM)

After market: 6.45 0 (0%)

6.45

-0.43 (-6.25%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryTrading Companies & Distributors
Earnings (Last)11-12 2024-11-12/amc
Earnings (Next)03-12 2025-03-12/amc
Inst Owners56.64%
Inst Owner Change0.98%
Ins Owners20.12%
Ins Owner Change1.08%
Market Cap214.53M
Analysts78
Price Target12.91 (100.16%)
Short Float %10.82%
Short Ratio13.8
Dividend
Industry RankSector Rank
Dividend Yield 3.31%
Yearly Dividend0.34
Dividend Growth(5Y)N/A
DP-19.15%
Div Incr Years1
Div Non Decr Years2
Ex-Date02-14 2025-02-14 (0.057)
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-331.52%
Min EPS beat(2)-408.04%
Max EPS beat(2)-255%
EPS beat(4)0
Avg EPS beat(4)-200.47%
Min EPS beat(4)-408.04%
Max EPS beat(4)-49.39%
EPS beat(8)2
Avg EPS beat(8)-81.96%
EPS beat(12)5
Avg EPS beat(12)26.51%
EPS beat(16)5
Avg EPS beat(16)-38.47%
Revenue beat(2)0
Avg Revenue beat(2)-6.82%
Min Revenue beat(2)-8.31%
Max Revenue beat(2)-5.33%
Revenue beat(4)2
Avg Revenue beat(4)-1.24%
Min Revenue beat(4)-8.31%
Max Revenue beat(4)5.7%
Revenue beat(8)4
Avg Revenue beat(8)-0.02%
Revenue beat(12)8
Avg Revenue beat(12)2.88%
Revenue beat(16)12
Avg Revenue beat(16)4.78%
PT rev (1m)0%
PT rev (3m)-1.56%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)-56.46%
Revenue NQ rev (1m)-1.07%
Revenue NQ rev (3m)-1.07%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-3.06%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.11
P/FCF 7.06
P/OCF 2.04
P/B 2.24
P/tB N/A
EV/EBITDA 5.28
EPS(TTM)-1.7
EYN/A
EPS(NY)-1.03
Fwd EYN/A
FCF(TTM)0.91
FCFY14.17%
OCF(TTM)3.17
OCFY49.08%
SpS57.13
BVpS2.88
TBVpS-1.3
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -3.64%
ROE -58.93%
ROCE 3.03%
ROIC 1.87%
ROICexc 1.89%
ROICexgc 2.11%
OM 1.49%
PM (TTM) N/A
GM 26.85%
FCFM 1.6%
ROA(3y)-0.51%
ROA(5y)-0.95%
ROE(3y)-2.97%
ROE(5y)-4.84%
ROIC(3y)2.95%
ROIC(5y)N/A
ROICexc(3y)2.98%
ROICexc(5y)N/A
ROICexgc(3y)3.36%
ROICexgc(5y)N/A
ROCE(3y)4.67%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y3.25%
GM growth 5YN/A
F-Score3
Asset Turnover1.23
Health
Industry RankSector Rank
Debt/Equity 11.58
Debt/FCF 36.8
Debt/EBITDA 6.35
Cap/Depr 51.2%
Cap/Sales 3.94%
Interest Coverage 0.45
Cash Conversion 60.27%
Profit Quality N/A
Current Ratio 1.35
Quick Ratio 0.43
Altman-Z 1.42
F-Score3
WACC7.08%
ROIC/WACC0.26
Cap/Depr(3y)60.56%
Cap/Depr(5y)N/A
Cap/Sales(3y)4.44%
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-901.89%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-530%
EPS Next Y-1112.92%
EPS Next 2Y-177.65%
EPS Next 3Y-57%
EPS Next 5YN/A
Revenue 1Y (TTM)6.51%
Revenue growth 3Y29.03%
Revenue growth 5YN/A
Sales Q2Q%-3.73%
Revenue Next Year1.44%
Revenue Next 2Y1.93%
Revenue Next 3Y3.13%
Revenue Next 5Y2.54%
EBIT growth 1Y-45.07%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year215.8%
EBIT Next 3Y54.46%
EBIT Next 5Y32.89%
FCF growth 1Y286.5%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y134.52%
OCF growth 3YN/A
OCF growth 5YN/A