Astec Industries, Inc. (ASTE) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-98.2%

$0.71

vs $40.09 price

Levered DCF

$87.19

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

2.97

Grey zone

Rating

B-

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	25.48×	176.84×	24.37×	-1,546.01×	98.96×	27.83×	42.42×	-11.44×
P/B	1.45×	1.2×	1.25×	1.48×	2.42×	2.03×	1.57×	1.18×
P/S	0.7×	0.59×	0.61×	0.73×	1.44×	1.28×	0.81×	0.59×
EV / EBITDA	11.75×	15.49×	7.25×	13.61×	23.54×	15.14×	17.04×	-12.7×
Gross margin	26.5%	25.1%	24.7%	20.7%	22.8%	23.2%	20.5%	11.4%
Operating margin	4.6%	1.8%	3.6%	0.6%	1.8%	4.0%	2.5%	-6.4%
Net margin	2.8%	0.3%	2.5%	-0.0%	1.4%	4.5%	1.9%	-5.2%
Current ratio	2.49×	2.66×	2.41×	2.54×	2.85×	3.32×	2.93×	2.96×
Debt / equity	0.51×	0.19×	0.13×	0.14×	0×	0×	0×	0.1×
Interest coverage	3.54×	2.17×	5.46×	3×	18.09×	57.86×	20.68×	-71.82×
Dividend yield	1.2%	1.6%	1.4%	1.2%	0.6%	0.8%	1.0%	1.4%
Payout ratio	30.7%	276.7%	35.2%	-11200.0%	64.6%	21.7%	44.5%	-15.9%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	5.7%	0.7%	5.1%	-0.0%	2.4%	7.2%	3.7%	-10.3%
Return on invested capital	4.5%	0.9%	5.0%	-0.1%	2.9%	6.0%	4.1%	-8.0%
Return on assets	2.8%	0.4%	3.2%	-0.0%	1.7%	5.4%	2.8%	-7.1%
Free cash flow yield	2.2%	0.3%	-0.8%	-12.4%	-0.8%	9.6%	9.4%	-8.3%
Earnings yield	3.9%	0.6%	4.1%	-0.0%	1.0%	3.5%	2.4%	-8.8%
Enterprise value	$1.3B	$796M	$834M	$951.6M	$1.4B	$1.2B	$898.7M	$724.6M
Net debt / EBITDA	2.56×	0.58×	0.17×	0.36×	-2.14×	-2.06×	-0.89×	-0.59×
Cash conversion cycle (days)	188	178	168	158	142	134	132	142