Astec Industries, Inc. (ASTE) vs The Manitowoc Company, Inc. (MTW)

Astec Industries, Inc. and The Manitowoc Company, Inc. are both Farm & Heavy Construction Machinery companies. Astec Industries, Inc. is the larger, with a market value of $934.6M against $772.8M — 1.2× the size. The Manitowoc Company, Inc. trades at the lower P/E: 39.6× against 48.0×. Astec Industries, Inc. grew revenue faster over the last twelve months: 18.7% against 8.86%. Astec Industries, Inc. has the higher net margin (1.26% vs 0.87%) and the lower return on invested capital (3.36% vs 4.24%). Across the 22 metrics below, The Manitowoc Company, Inc. leads on 13 and Astec Industries, Inc. on 9.

Valuation

Metric ASTE MTW Farm & Heavy Construction Machinery median
P/E 48.00 39.61 23.38
P/S 0.61 0.34 0.81
P/B 1.38 1.14 1.43
Price to free cash flow 28.36 11.07 25.31
EV/EBITDA 10.70 8.61 12.13
EV/Sales 0.81 0.51 1.20
Earnings yield 2.08% 2.52% 2.73%
Free cash flow yield 3.53% 9.03% 3.02%

Profitability

Metric ASTE MTW Farm & Heavy Construction Machinery median
Gross margin 25.68% 18.72% 24.21%
Operating margin 3.43% 3.14% 4.47%
Net margin 1.26% 0.87% 1.49%
Free cash flow margin 2.15% 3.11% 2.15%
Return on equity 2.87% 2.92% 4.16%
Return on assets 1.58% 1.06% 1.45%
Return on invested capital 3.36% 4.24% 3.36%

Growth

Metric ASTE MTW Farm & Heavy Construction Machinery median
Revenue growth (TTM) 18.70% 8.86% 2.18%
EPS growth (last fiscal year) 784.21% (87.18%) —
Revenue growth, 5-year CAGR 6.60% 9.20% 7.34%
Net income growth, 5-year CAGR (3.35%) 0.00% 0.00%

Health

Metric ASTE MTW Farm & Heavy Construction Machinery median
Debt to equity 0.55 0.67 0.67
Current ratio 2.52 2.11 1.98
Net debt to EBITDA 2.36 3.24 1.12

Dividend

Metric ASTE MTW Farm & Heavy Construction Machinery median
Dividend yield 1.47% — 1.45%
Payout ratio 0.47 0.00 0.08

Size

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

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