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 $896.2M against $539.7M — 1.7× the size. Hyster-Yale, Inc. has negative trailing earnings, so its P/E is not meaningful; Astec Industries, Inc. trades at 44.4×. 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 (4.96% vs 1.36%). 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 44.44 n/m 23.28
P/S 0.57 0.15 0.75
P/B 1.28 1.33 1.43
Price to free cash flow 26.26 31.14 22.25
EV/EBITDA 10.10 n/m 11.41
EV/Sales 0.76 0.24 1.14
Earnings yield 2.25% (22.46%) 2.83%
Free cash flow yield 3.81% 3.21% 2.91%

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%) 3.99%
Return on assets 1.58% (5.84%) 1.31%
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%) (27.79%)
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 1.36% 4.96% 1.34%
Payout ratio 0.61 — 0.30

Size

Metric ASTE HY Farm & Heavy Construction Machinery median
Market cap 896.15m 539.71m 808.87m

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