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Astec Industries (Astec Industries) Intrinsic Value: Projected FCF : $26.22 (As of Apr. 25, 2024)


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What is Astec Industries Intrinsic Value: Projected FCF?

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2024-04-25), Astec Industries's Intrinsic Value: Projected FCF is $26.22. The stock price of Astec Industries is $43.96. Therefore, Astec Industries's Price-to-Intrinsic-Value-Projected-FCF of today is 1.7.

The historical rank and industry rank for Astec Industries's Intrinsic Value: Projected FCF or its related term are showing as below:

ASTE' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 1.16   Med: 1.59   Max: 2.31
Current: 1.68

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Astec Industries was 2.31. The lowest was 1.16. And the median was 1.59.

ASTE's Price-to-Projected-FCF is ranked worse than
65.77% of 149 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 1.13 vs ASTE: 1.68

Astec Industries Intrinsic Value: Projected FCF Historical Data

The historical data trend for Astec Industries's Intrinsic Value: Projected FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Astec Industries Intrinsic Value: Projected FCF Chart

Astec Industries Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 31.84 41.98 40.97 27.51 26.22

Astec Industries Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 27.51 24.04 26.29 24.23 26.22

Competitive Comparison of Astec Industries's Intrinsic Value: Projected FCF

For the Farm & Heavy Construction Machinery subindustry, Astec Industries's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Astec Industries's Price-to-Projected-FCF Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Astec Industries's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Astec Industries's Price-to-Projected-FCF falls into.



Astec Industries Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get Astec Industries's Free Cash Flow(6 year avg) = $7.89.

Astec Industries's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Dec23)*0.8)/Shares Outstanding (Diluted Average)
=(9.5203515959648*7.88896+653.4*0.8)/22.797
=26.22

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Astec Industries  (NAS:ASTE) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

Astec Industries's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=43.96/26.223874760999
=1.68

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Astec Industries Intrinsic Value: Projected FCF Related Terms

Thank you for viewing the detailed overview of Astec Industries's Intrinsic Value: Projected FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Astec Industries (Astec Industries) Business Description

Traded in Other Exchanges
Address
1725 Shepherd Road, Chattanooga, TN, USA, 37421
Astec Industries Inc designs and manufactures equipment and components used primarily in road construction and other development activities. Its products are used through the entire process of building roads, from mining and crushing materials to creating the road surface. The company manufactures a line of plants, pavers, vehicles, and machines to mix and transform materials into construction components. It has two operating segments: infrastructure solutions and materials solutions. The majority of sales are derived from the United States. Its customers are asphalt producers, highway and heavy equipment contractors, ready mix concrete producers, demolition recycling markets, sand and gravel producers, open mine operators, quarry operators, and others.
Executives
Winford James Murphy Jr director 213 NORMANDIE DRIVE, OPELOUSAS LA 70570
Barend Snyman officer: Group President 3906 LOBLOLLY LANE, VALDOSTA GA 31601
Nalin Jain director 30 ISABELLA ST., PITTSBURGH PA 15212
Westinghouse Air Brake Technologies Corp director 30 ISABELLA STREET, PITTSBURGH PA 15212
Mark Joseph Gliebe director 200 STATE STREET, BELOIT WI 53511
Linda I. Knoll director 5800 KNOB HILL CR, CLARKSON TN 48348
Litchfield Matthew T Sr officer: Chief Information Officer 1725 SHEPHERD RD, CHATTANOOGA TN 37421
Timothy A Averkamp officer: Group President 1725 SHEPHERD RD, CHATTANOOGA TN 37421
Merwe Jaco Van Der officer: Group President 1725 SHEPHERD RD, CHATTANOOGA TN 37421
Anshu Pasricha officer: GC and Corp Secretary 1725 SHEPHERD ROAD, CHATTANOOGA TN 37421
Mary L Howell director 1101 PENNSYLVANIA AVE STE 400, WASHINGTON DC 20004
Tracey H Cook director 1725 SHEPHERD RD, CHATTANOOGA TN 37421
William Bradley Southern director 1610 WEST END AVENUE, NASHVILLE TN 37203
James B Baker director 1725 SHEPHERD ROAD, CHATTANOOGA TN 37421
William Glenwood Dorey director PO BOX 50085, WATSONVILLE CA 95077-5085