Astec Industries, Inc. (ASTE) vs Hyster-Yale, Inc. (HY)

Astec Industries, Inc. and Hyster-Yale, Inc. are both Farm & Heavy Construction Machinery companies. Astec Industries, Inc. is the larger, with a market value of $934.6M against $552.6M — 1.7× the size. Hyster-Yale, Inc. has negative trailing earnings, so its P/E is not meaningful; Astec Industries, Inc. trades at 48.0×. Astec Industries, Inc. grew revenue faster over the last twelve months: 18.7% against −11.1%. Astec Industries, Inc. has the higher net margin (1.26% vs −3.33%) and the higher return on invested capital (3.36% vs −7.03%). Both pay a dividend; Hyster-Yale, Inc. yields more (1.88% vs 1.47%). Across the 21 metrics below, Astec Industries, Inc. leads on 17 and Hyster-Yale, Inc. on 4.

Valuation

Metric ASTE HY Farm & Heavy Construction Machinery median
P/E 48.00 n/m 23.38
P/S 0.61 0.16 0.81
P/B 1.38 1.41 1.43
Price to free cash flow 28.36 33.12 25.31
EV/EBITDA 10.70 n/m 12.13
EV/Sales 0.81 0.25 1.20
Earnings yield 2.08% (21.12%) 2.73%
Free cash flow yield 3.53% 3.02% 3.02%

Profitability

Metric ASTE HY Farm & Heavy Construction Machinery median
Gross margin 25.68% 15.36% 24.21%
Operating margin 3.43% (2.32%) 4.47%
Net margin 1.26% (3.33%) 1.49%
Free cash flow margin 2.15% 0.48% 2.15%
Return on equity 2.87% (24.80%) 4.16%
Return on assets 1.58% (5.84%) 1.45%
Return on invested capital 3.36% (7.03%) 3.36%

Growth

Metric ASTE HY Farm & Heavy Construction Machinery median
Revenue growth (TTM) 18.70% (11.14%) 2.18%
EPS growth (last fiscal year) 784.21% (142.29%) —
Revenue growth, 5-year CAGR 6.60% 6.03% 7.34%
Net income growth, 5-year CAGR (3.35%) 0.00% 0.00%

Health

Metric ASTE HY Farm & Heavy Construction Machinery median
Debt to equity 0.55 1.02 0.67
Current ratio 2.52 1.28 1.98
Net debt to EBITDA 2.36 10.42 1.12

Dividend

Metric ASTE HY Farm & Heavy Construction Machinery median
Dividend yield 1.47% 1.88% 1.45%
Payout ratio 0.47 0.64 0.08

Size

Metric ASTE HY Farm & Heavy Construction Machinery median
Market cap 934.60m 552.62m 772.81m

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