Astec Industries, Inc. (ASTE) vs Titan International, Inc. (TWI)

Astec Industries, Inc. and Titan International, Inc. are both Farm & Heavy Construction Machinery companies. Astec Industries, Inc. is the larger, with a market value of $934.6M against $456.3M — 2.0× the size. Titan International, 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 4.69%. Astec Industries, Inc. has the higher net margin (1.26% vs −4.11%) and the higher return on invested capital (3.36% vs −0.11%). Across the 20 metrics below, Astec Industries, Inc. leads on 15 and Titan International, Inc. on 5.

Valuation

Metric ASTE TWI Farm & Heavy Construction Machinery median
P/E 48.00 n/m 23.38
P/S 0.61 0.24 0.81
P/B 1.38 0.89 1.43
Price to free cash flow 28.36 n/m 25.31
EV/EBITDA 10.70 12.93 12.13
EV/Sales 0.81 0.47 1.20
Earnings yield 2.08% (17.09%) 2.73%
Free cash flow yield 3.53% (1.72%) 3.02%

Profitability

Metric ASTE TWI Farm & Heavy Construction Machinery median
Gross margin 25.68% 14.03% 24.21%
Operating margin 3.43% (0.09%) 4.47%
Net margin 1.26% (4.11%) 1.49%
Free cash flow margin 2.15% (0.42%) 2.15%
Return on equity 2.87% (14.12%) 4.16%
Return on assets 1.58% (4.42%) 1.45%
Return on invested capital 3.36% (0.11%) 3.36%

Growth

Metric ASTE TWI Farm & Heavy Construction Machinery median
Revenue growth (TTM) 18.70% 4.69% 2.18%
EPS growth (last fiscal year) 784.21% (1,150.00%) —
Revenue growth, 5-year CAGR 6.60% 7.74% 7.34%
Net income growth, 5-year CAGR (3.35%) 0.00% 0.00%

Health

Metric ASTE TWI Farm & Heavy Construction Machinery median
Debt to equity 0.55 1.16 0.67
Current ratio 2.52 2.11 1.98
Net debt to EBITDA 2.36 4.36 1.12

Dividend

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

Size

Metric ASTE TWI Farm & Heavy Construction Machinery median
Market cap 934.60m 456.31m 772.81m

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