ALTA EQUIPMENT GROUP INC (ALTG)
US02128L1061 - Common Stock
ALTG gets a fundamental rating of 2 out of 10. The analysis compared the fundamentals against 48 industry peers in the Trading Companies & Distributors industry. ALTG has a bad profitability rating. Also its financial health evaluation is rather negative. ALTG is valued expensive and it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year ALTG has reported negative net income.
ALTG had a positive operating cash flow in the past year.
In multiple years ALTG reported negative net income over the last 5 years.
The reported operating cash flow has been mixed in the past 5 years: ALTG reported negative operating cash flow in multiple years.
1.2 Ratios
Looking at the Return On Assets, with a value of -3.64%, ALTG is doing worse than 85.11% of the companies in the same industry.
ALTG has a worse Return On Equity (-58.93%) than 95.74% of its industry peers.
Looking at the Return On Invested Capital, with a value of 1.87%, ALTG is doing worse than 80.85% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for ALTG is significantly below the industry average of 9.72%.
| Industry Rank | Sector 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
1.3 Margins
With a Operating Margin value of 1.49%, ALTG is not doing good in the industry: 80.85% of the companies in the same industry are doing better.
With a Gross Margin value of 26.85%, ALTG is not doing good in the industry: 61.70% of the companies in the same industry are doing better.
ALTG's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector 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
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so ALTG is destroying value.
Compared to 1 year ago, ALTG has more shares outstanding
The number of shares outstanding for ALTG has been increased compared to 5 years ago.
Compared to 1 year ago, ALTG has a worse debt to assets ratio.
2.2 Solvency
ALTG has an Altman-Z score of 1.42. This is a bad value and indicates that ALTG is not financially healthy and even has some risk of bankruptcy.
ALTG has a Altman-Z score of 1.42. This is in the lower half of the industry: ALTG underperforms 72.34% 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 in line with its industry peers.
ALTG has a Debt/Equity ratio of 11.58. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 11.58, ALTG is not doing good in the industry: 89.36% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 11.58 | ||
| Debt/FCF | 36.8 | ||
| Altman-Z | 1.42 |
ROIC/WACC0.26
WACC7.2%
2.3 Liquidity
A Current Ratio of 1.35 indicates that ALTG should not have too much problems paying its short term obligations.
With a Current ratio value of 1.35, ALTG is not doing good in the industry: 78.72% of the companies in the same industry are doing better.
A Quick Ratio of 0.43 indicates that ALTG may have some problems paying its short term obligations.
ALTG has a worse Quick ratio (0.43) than 85.11% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.35 | ||
| Quick Ratio | 0.43 |
3. Growth
3.1 Past
The earnings per share for ALTG have decreased strongly by -901.89% in the last year.
The Revenue has been growing slightly by 6.51% in the past 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
ALTG is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.54% yearly.
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.
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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ALTG indicates a rather cheap valuation: ALTG is cheaper than 91.49% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, ALTG is valued cheaper than 93.62% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.49 | ||
| EV/EBITDA | 5.35 |
4.3 Compensation for Growth
ALTG's earnings are expected to decrease with -57.00% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-177.65%
EPS Next 3Y-57%
5. Dividend
5.1 Amount
ALTG has a Yearly Dividend Yield of 3.48%.
Compared to an average industry Dividend Yield of 1.89, ALTG pays a better dividend. On top of this ALTG pays more dividend than 93.62% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.33, ALTG pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.48% |
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
5.3 Sustainability
The earnings of ALTG are negative and hence is the payout ratio. ALTG will probably not be able to sustain this dividend level.
DP-19.15%
EPS Next 2Y-177.65%
EPS Next 3Y-57%
ALTA EQUIPMENT GROUP INC
NYSE:ALTG (1/6/2025, 4:10:02 PM)
After market: 6.85 0 (0%)6.85
+0.05 (+0.74%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryTrading Companies & Distributors
Earnings (Last)
Earnings (Next)
Inst Owners60.33%
Inst Owner Change0%
Ins Owners20.22%
Ins Owner Change5%
Market Cap227.83M
Analysts78
Price Target12.91 (88.47%)
Short Float %11.88%
Short Ratio8.11
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.48% |
Dividend Growth(5Y)N/A
DP-19.15%
Div Incr Years1
Div Non Decr Years2
Ex-DateN/A
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)-1.56%
PT rev (3m)-17.79%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-305.44%
EPS NY rev (1m)0%
EPS NY rev (3m)-61.04%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-8.29%
Revenue NY rev (1m)-0.57%
Revenue NY rev (3m)-3.5%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | 0.12 | ||
| P/FCF | 7.49 | ||
| P/OCF | 2.16 | ||
| P/B | 2.38 | ||
| P/tB | N/A | ||
| EV/EBITDA | 5.35 |
EPS(TTM)-1.7
EYN/A
EPS(NY)-1.03
Fwd EYN/A
FCF(TTM)0.91
FCFY13.34%
OCF(TTM)3.17
OCFY46.22%
SpS57.13
BVpS2.88
TBVpS-1.3
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector 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 Rank | Sector 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
WACC7.2%
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