Astec Industries, Inc. (ASTE) vs Columbus McKinnon Corporation (CMCO)

Astec Industries, Inc. and Columbus McKinnon Corporation are both Farm & Heavy Construction Machinery companies. Astec Industries, Inc. is the larger, with a market value of $814.2M against $478.2M — 1.7× the size. Columbus McKinnon Corporation has negative trailing earnings, so its P/E is not meaningful; Astec Industries, Inc. trades at 69.3×. Columbus McKinnon Corporation grew revenue faster over the last twelve months: 80.7% against 13.8%. Astec Industries, Inc. has the higher net margin (0.74% vs −16.8%) and the higher return on invested capital (4.87% vs −2.06%). Both pay a dividend; Columbus McKinnon Corporation yields more (2.10% vs 1.47%). Across the 21 metrics below, Astec Industries, Inc. leads on 13 and Columbus McKinnon Corporation on 8.

Valuation

Metric ASTE CMCO Farm & Heavy Construction Machinery median
P/E 69.27 n/m 21.67
P/S 0.52 0.27 0.77
P/B 1.20 0.93 1.31
Price to free cash flow 14.39 n/m 20.59
EV/EBITDA 9.67 62.70 11.30
EV/Sales 0.73 1.58 1.11
Earnings yield 1.44% (72.05%) 3.08%
Free cash flow yield 6.95% (31.09%) 3.12%

Profitability

Metric ASTE CMCO Farm & Heavy Construction Machinery median
Gross margin 25.52% 29.78% 22.91%
Operating margin 3.15% (6.77%) 4.47%
Net margin 0.74% (16.75%) 1.41%
Free cash flow margin 3.63% (8.48%) 2.26%
Return on equity 1.72% (41.28%) 3.99%
Return on assets 0.84% (9.18%) 1.31%
Return on invested capital 4.87% (2.06%) 4.09%

Growth

Metric ASTE CMCO Farm & Heavy Construction Machinery median
Revenue growth (TTM) 13.78% 80.70% 1.81%
EPS growth (last fiscal year) 784.21% (4,252.94%) (27.79%)
Revenue growth, 5-year CAGR 6.60% 12.93% 6.63%
Net income growth, 5-year CAGR (3.35%) 0.00% 0.00%

Health

Metric ASTE CMCO Farm & Heavy Construction Machinery median
Debt to equity 0.03 1.80 0.66
Current ratio 2.31 2.14 1.98
Net debt to EBITDA 2.36 (59.27) 1.12

Dividend

Metric ASTE CMCO Farm & Heavy Construction Machinery median
Dividend yield 1.47% 2.10% 1.24%
Payout ratio 1.04 — 0.31

Size

Metric ASTE CMCO Farm & Heavy Construction Machinery median
Market cap 814.18m 478.15m 836.63m

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