ALTA EQUIPMENT GROUP INC (ALTG) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:ALTG - US02128L1061 - Common Stock
4.53 USD
+0.07 (+1.57%)
4.53 USD
0 (0%)
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. Both the profitability and financial health of ALTG have multiple concerns. ALTG does not seem to be growing, but still is valued expensively.
1. Profitability
1.1 Basic Checks
In the past year ALTG has reported negative net income.
In the past year ALTG had a positive cash flow from operations.
In multiple years ALTG reported negative net income over the last 5 years.
ALTG had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
ALTG has a worse Return On Assets (-5.74%) than 83.67% of its industry peers.
Looking at the Return On Equity, with a value of -2834.48%, ALTG is doing worse than 93.88% of the companies in the same industry.
ALTG has a Return On Invested Capital of 1.31%. This is in the lower half of the industry: ALTG underperforms 73.47% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for ALTG is significantly below the industry average of 9.22%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -5.74% | ||
| ROE | -2834.48% | ||
| ROIC | 1.31% |
ROA(3y)-1.18%
ROA(5y)-1.83%
ROE(3y)-25.15%
ROE(5y)-21.62%
ROIC(3y)2.46%
ROIC(5y)N/A
1.3 Margins
The Operating Margin of ALTG (1.12%) is worse than 71.43% of its industry peers.
In the last couple of years the Operating Margin of ALTG has declined.
With a Gross Margin value of 25.84%, ALTG is not doing good in the industry: 63.27% of the companies in the same industry are doing better.
ALTG's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 1.12% | ||
| PM (TTM) | N/A | ||
| GM | 25.84% |
OM growth 3Y-12.59%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.49%
GM growth 5YN/A
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.
ALTG has less shares outstanding than it did 1 year ago.
ALTG has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, ALTG has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.36, we must say that ALTG is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 1.36, ALTG is not doing good in the industry: 71.43% of the companies in the same industry are doing better.
A Debt/Equity ratio of 374.41 is on the high side and indicates that ALTG has dependencies on debt financing.
ALTG has a Debt to Equity ratio of 374.41. This is amonst the worse of the industry: ALTG underperforms 93.88% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 374.41 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.36 |
ROIC/WACC0.19
WACC6.82%
2.3 Liquidity
A Current Ratio of 1.42 indicates that ALTG should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.42, ALTG is doing worse than 61.22% of the companies in the same industry.
ALTG has a Quick Ratio of 1.42. 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 has a Quick ratio of 0.49. This is in the lower half of the industry: ALTG underperforms 79.59% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.42 | ||
| Quick Ratio | 0.49 |
3. Growth
3.1 Past
ALTG shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -55.29%.
Looking at the last year, ALTG shows a decrease in Revenue. The Revenue has decreased by -3.95% in the last year.
ALTG shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 15.66% yearly.
EPS 1Y (TTM)-55.29%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-52.33%
Revenue 1Y (TTM)-3.95%
Revenue growth 3Y15.66%
Revenue growth 5YN/A
Sales Q2Q%-5.84%
3.2 Future
Based on estimates for the next years, ALTG will show a very strong growth in Earnings Per Share. The EPS will grow by 21.33% on average per year.
The Revenue is expected to grow by 2.92% on average over the next years.
EPS Next Y24.8%
EPS Next 2Y20.64%
EPS Next 3Y20.75%
EPS Next 5Y21.33%
Revenue Next Year0%
Revenue Next 2Y1.62%
Revenue Next 3Y2.68%
Revenue Next 5Y2.92%
3.3 Evolution
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
ALTG reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Also next year ALTG is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A |
4.2 Price Multiples
95.92% of the companies in the same industry are more expensive than ALTG, based on the Enterprise Value to EBITDA ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 5.65 |
4.3 Compensation for Growth
ALTG's earnings are expected to grow with 20.75% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y20.64%
EPS Next 3Y20.75%
5. Dividend
5.1 Amount
ALTG has a Yearly Dividend Yield of 5.44%, which is a nice return.
The stock price of ALTG dropped by -45.68% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
ALTG's Dividend Yield is rather good when compared to the industry average which is at 2.08. ALTG pays more dividend than 97.96% of the companies in the same industry.
ALTG's Dividend Yield is rather good when compared to the S&P500 average which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.44% |
5.2 History
ALTG has paid a dividend for less than 5 years, so there is no long track record yet.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years2
5.3 Sustainability
ALTG has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-10.71%
EPS Next 2Y20.64%
EPS Next 3Y20.75%
4.53
+0.07 (+1.57%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryTrading Companies & Distributors
Earnings (Last)
Earnings (Next)
Inst Owners54.27%
Inst Owner Change0.83%
Ins Owners21.22%
Ins Owner Change0.86%
Market Cap145.19M
Revenue(TTM)1.82B
Net Income(TTM)-82.20M
Analysts80
Price Target10.51 (132.01%)
Short Float %4.62%
Short Ratio4.31
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.44% |
Yearly Dividend0.34
Dividend Growth(5Y)N/A
DP-10.71%
Div Incr Years0
Div Non Decr Years2
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-203.19%
Min EPS beat(2)-375.67%
Max EPS beat(2)-30.72%
EPS beat(4)0
Avg EPS beat(4)-105.6%
Min EPS beat(4)-375.67%
Max EPS beat(4)-2.37%
EPS beat(8)0
Avg EPS beat(8)-153.03%
EPS beat(12)2
Avg EPS beat(12)-89.84%
EPS beat(16)5
Avg EPS beat(16)-6.52%
Revenue beat(2)0
Avg Revenue beat(2)-5.36%
Min Revenue beat(2)-9.28%
Max Revenue beat(2)-1.43%
Revenue beat(4)1
Avg Revenue beat(4)-3.76%
Min Revenue beat(4)-9.28%
Max Revenue beat(4)0.59%
Revenue beat(8)3
Avg Revenue beat(8)-2.5%
Revenue beat(12)5
Avg Revenue beat(12)-1.27%
Revenue beat(16)9
Avg Revenue beat(16)1.22%
PT rev (1m)-9.49%
PT rev (3m)-9.49%
EPS NQ rev (1m)-10.13%
EPS NQ rev (3m)-48.72%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)-2.33%
Revenue NQ rev (3m)-2.33%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | 0.08 | ||
| P/FCF | N/A | ||
| P/OCF | 4.27 | ||
| P/B | 50.06 | ||
| P/tB | N/A | ||
| EV/EBITDA | 5.65 |
EPS(TTM)-2.64
EYN/A
EPS(NY)-1.07
Fwd EYN/A
FCF(TTM)-0.76
FCFYN/A
OCF(TTM)1.06
OCFY23.42%
SpS56.94
BVpS0.09
TBVpS-3.81
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -5.74% | ||
| ROE | -2834.48% | ||
| ROCE | 2.3% | ||
| ROIC | 1.31% | ||
| ROICexc | 1.33% | ||
| ROICexgc | 1.48% | ||
| OM | 1.12% | ||
| PM (TTM) | N/A | ||
| GM | 25.84% | ||
| FCFM | N/A |
ROA(3y)-1.18%
ROA(5y)-1.83%
ROE(3y)-25.15%
ROE(5y)-21.62%
ROIC(3y)2.46%
ROIC(5y)N/A
ROICexc(3y)2.49%
ROICexc(5y)N/A
ROICexgc(3y)2.81%
ROICexgc(5y)N/A
ROCE(3y)4.28%
ROCE(5y)N/A
ROICexgc growth 3Y-12.75%
ROICexgc growth 5YN/A
ROICexc growth 3Y-12.74%
ROICexc growth 5YN/A
OM growth 3Y-12.59%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.49%
GM growth 5YN/A
F-Score5
Asset Turnover1.28
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 374.41 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 6.92 | ||
| Cap/Depr | 42.61% | ||
| Cap/Sales | 3.19% | ||
| Interest Coverage | 0.24 | ||
| Cash Conversion | 21.66% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.42 | ||
| Quick Ratio | 0.49 | ||
| Altman-Z | 1.36 |
F-Score5
WACC6.82%
ROIC/WACC0.19
Cap/Depr(3y)58.62%
Cap/Depr(5y)58.33%
Cap/Sales(3y)4.26%
Cap/Sales(5y)4.47%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-55.29%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-52.33%
EPS Next Y24.8%
EPS Next 2Y20.64%
EPS Next 3Y20.75%
EPS Next 5Y21.33%
Revenue 1Y (TTM)-3.95%
Revenue growth 3Y15.66%
Revenue growth 5YN/A
Sales Q2Q%-5.84%
Revenue Next Year0%
Revenue Next 2Y1.62%
Revenue Next 3Y2.68%
Revenue Next 5Y2.92%
EBIT growth 1Y-28.17%
EBIT growth 3Y1.1%
EBIT growth 5YN/A
EBIT Next Year534.55%
EBIT Next 3Y88.49%
EBIT Next 5Y54.05%
FCF growth 1Y76.13%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y390.6%
OCF growth 3Y22.91%
OCF growth 5YN/A
ALTA EQUIPMENT GROUP INC / ALTG FAQ
What is the fundamental rating for ALTG stock?
ChartMill assigns a fundamental rating of 2 / 10 to ALTG.
Can you provide the valuation status for ALTA EQUIPMENT GROUP INC?
ChartMill assigns a valuation rating of 1 / 10 to ALTA EQUIPMENT GROUP INC (ALTG). This can be considered as Overvalued.
What is the profitability of ALTG stock?
ALTA EQUIPMENT GROUP INC (ALTG) has a profitability rating of 1 / 10.
Can you provide the expected EPS growth for ALTG stock?
The Earnings per Share (EPS) of ALTA EQUIPMENT GROUP INC (ALTG) is expected to grow by 24.8% in the next year.