Astec Industries, Inc. (ASTE) vs Wabash National Corporation (WNC)

Astec Industries, Inc. and Wabash National Corporation are both Farm & Heavy Construction Machinery companies. Astec Industries, Inc. is the larger, with a market value of $814.2M against $452.6M — 1.8× the size. Wabash National Corporation 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 −7.31%. Astec Industries, Inc. has the higher net margin (0.74% vs −9.13%) and the higher return on invested capital (4.87% vs −13.3%). Both pay a dividend; Wabash National Corporation yields more (2.86% vs 1.47%). Across the 20 metrics below, Astec Industries, Inc. leads on 15 and Wabash National Corporation on 5.

Valuation

Metric ASTE WNC Farm & Heavy Construction Machinery median
P/E 69.27 n/m 21.67
P/S 0.52 0.30 0.77
P/B 1.20 1.69 1.31
Price to free cash flow 14.39 n/m 20.59
EV/EBITDA 9.67 n/m 11.30
EV/Sales 0.73 0.61 1.11
Earnings yield 1.44% (30.33%) 3.08%
Free cash flow yield 6.95% (21.12%) 3.12%

Profitability

Metric ASTE WNC Farm & Heavy Construction Machinery median
Gross margin 25.52% 0.88% 22.91%
Operating margin 3.15% (10.38%) 4.47%
Net margin 0.74% (9.13%) 1.41%
Free cash flow margin 3.63% (6.39%) 2.26%
Return on equity 1.72% (40.21%) 3.99%
Return on assets 0.84% (10.73%) 1.31%
Return on invested capital 4.87% (13.28%) 4.09%

Growth

Metric ASTE WNC Farm & Heavy Construction Machinery median
Revenue growth (TTM) 13.78% (7.31%) 1.81%
EPS growth (last fiscal year) 784.21% 179.22% (27.79%)
Revenue growth, 5-year CAGR 6.60% 0.81% 6.63%
Net income growth, 5-year CAGR (3.35%) 0.00% 0.00%

Health

Metric ASTE WNC Farm & Heavy Construction Machinery median
Debt to equity 0.03 1.99 0.66
Current ratio 2.31 1.38 1.98
Net debt to EBITDA 2.36 1.12 1.12

Dividend

Metric ASTE WNC Farm & Heavy Construction Machinery median
Dividend yield 1.47% 2.86% 1.24%
Payout ratio 1.04 — 0.31

Size

Metric ASTE WNC Farm & Heavy Construction Machinery median
Market cap 814.18m 452.60m 836.63m

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