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 $814.2M against $483.2M — 1.7× the size. Hyster-Yale, Inc. has negative trailing earnings, so its P/E is not meaningful; Astec Industries, Inc. trades at 69.3×. Astec Industries, Inc. grew revenue faster over the last twelve months: 13.8% against −14.2%. Astec Industries, Inc. has the higher net margin (0.74% vs −3.86%) and the higher return on invested capital (4.87% vs −8.19%). Both pay a dividend; Hyster-Yale, Inc. yields more (5.28% 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 69.27 n/m 21.67
P/S 0.52 0.15 0.77
P/B 1.20 1.32 1.31
Price to free cash flow 14.39 70.35 20.59
EV/EBITDA 9.67 n/m 11.30
EV/Sales 0.73 0.25 1.11
Earnings yield 1.44% (26.43%) 3.08%
Free cash flow yield 6.95% 1.42% 3.12%

Profitability

Metric ASTE HY Farm & Heavy Construction Machinery median
Gross margin 25.52% 15.11% 22.91%
Operating margin 3.15% (2.76%) 4.47%
Net margin 0.74% (3.86%) 1.41%
Free cash flow margin 3.63% 0.21% 2.26%
Return on equity 1.72% (28.35%) 3.99%
Return on assets 0.84% (6.49%) 1.31%
Return on invested capital 4.87% (8.19%) 4.09%

Growth

Metric ASTE HY Farm & Heavy Construction Machinery median
Revenue growth (TTM) 13.78% (14.18%) 1.81%
EPS growth (last fiscal year) 784.21% (142.29%) (27.79%)
Revenue growth, 5-year CAGR 6.60% 6.03% 6.63%
Net income growth, 5-year CAGR (3.35%) 0.00% 0.00%

Health

Metric ASTE HY Farm & Heavy Construction Machinery median
Debt to equity 0.03 1.05 0.66
Current ratio 2.31 1.24 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% 5.28% 1.24%
Payout ratio 1.04 — 0.31

Size

Metric ASTE HY Farm & Heavy Construction Machinery median
Market cap 814.18m 483.23m 836.63m

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