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Alta Equipment Group Inc
NYSE:ALTG

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Alta Equipment Group Inc Logo
Alta Equipment Group Inc
NYSE:ALTG
Watchlist
Price: 12.89 USD 0.47%
Updated: Mar 28, 2024

Intrinsic Value

ALTG's intrinsic value estimate is unreliable because it is based only on its multiples and doesn't use a DCF valuation.

Alta Equipment Group, Inc. engages in the operation of equipment dealership platforms. [ Read More ]

The intrinsic value of one ALTG stock under the Base Case scenario is 47.94 USD. Compared to the current market price of 12.89 USD, Alta Equipment Group Inc is Undervalued by 73%.

Key Points:
ALTG Intrinsic Value
Base Case
47.94 USD
Undervaluation 73%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Alta Equipment Group Inc

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Fundamental Analysis

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Provide an overview
of Alta Equipment Group Inc's business.

What risks and challenges
does Alta Equipment Group Inc face in the near future?

Summarize the latest earnings report
of Alta Equipment Group Inc.

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for Alta Equipment Group Inc and its competitors.

Financials

Balance Sheet Decomposition
Alta Equipment Group Inc

Current Assets 838m
Cash & Short-Term Investments 31m
Receivables 249.3m
Other Current Assets 557.7m
Non-Current Assets 732.9m
PP&E 575.7m
Intangibles 143m
Other Non-Current Assets 14.2m
Current Liabilities 635.1m
Accounts Payable 97m
Accrued Liabilities 75.6m
Short-Term Debt 397.3m
Other Current Liabilities 65.2m
Non-Current Liabilities 786.1m
Long-Term Debt 659.3m
Other Non-Current Liabilities 126.8m
Efficiency

Earnings Waterfall
Alta Equipment Group Inc

Revenue
1.9B USD
Cost of Revenue
-1.4B USD
Gross Profit
507.2m USD
Operating Expenses
-452.8m USD
Operating Income
54.4m USD
Other Expenses
-48.5m USD
Net Income
5.9m USD

Free Cash Flow Analysis
Alta Equipment Group Inc

Last Value
3-Years Average
FCF Margin
Conversion Rate
History
Components
Chart
Table
What is Free Cash Flow?
Fundamental Scores

ALTG Profitability Score
Profitability Due Diligence

Alta Equipment Group Inc's profitability score is 49/100. The higher the profitability score, the more profitable the company is.

Exceptional 3-Years Revenue Growth
ROE is Increasing
ROIC is Increasing
Positive Gross Profit
49/100
Profitability
Score

Alta Equipment Group Inc's profitability score is 49/100. The higher the profitability score, the more profitable the company is.

ALTG Solvency Score
Solvency Due Diligence

Alta Equipment Group Inc's solvency score is 23/100. The higher the solvency score, the more solvent the company is.

Short-Term Solvency
Long-Term Solvency
Average Altman Z-Score
Positive Net Debt
23/100
Solvency
Score

Alta Equipment Group Inc's solvency score is 23/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

ALTG Price Targets Summary
Alta Equipment Group Inc

Wall Street analysts forecast ALTG stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for ALTG is 22.69 USD with a low forecast of 14.88 USD and a high forecast of 31.5 USD.

Lowest
Price Target
14.88 USD
15% Upside
Average
Price Target
22.69 USD
76% Upside
Highest
Price Target
31.5 USD
144% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Ownership

ALTG Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
Why is insider trading important?

Shareholder Return

ALTG Price
Alta Equipment Group Inc

1M 1M
+10%
6M 6M
+4%
1Y 1Y
-15%
3Y 3Y
+6%
5Y 5Y
+35%
10Y 10Y
+35%
Annual Price Range
12.89
52w Low
9.12
52w High
17.66
Price Metrics
Average Annual Return 10.64%
Standard Deviation of Annual Returns 27.23%
Max Drawdown -65%
Shares Statistics
Market Capitalization 406.1m USD
Shares Outstanding 32 805 400
Percentage of Shares Shorted 9.35%

ALTG Return Decomposition
Main factors of price return

What is price return decomposition?

Company Profile

Alta Equipment Group Inc Logo
Alta Equipment Group Inc

Country

United States of America

Industry

Trading Companies & Distributors

Market Cap

406.1m USD

Dividend Yield

1.78%

Description

Alta Equipment Group, Inc. engages in the operation of equipment dealership platforms. The company is headquartered in Livonia, Michigan and currently employs 2,250 full-time employees. The company went IPO on 2019-04-12. The firm operates through two segments: Material Handling and Construction Equipment. The company is engaged in five principal business activities in its equipment categories, including new equipment sales, used equipment sales, parts sales, repair and maintenance services, and equipment rentals. Through its branch network, the Company sells, rents, and provides parts and service support for specialized equipment, including lift trucks and aerial work platforms, cranes, earthmoving equipment, and other industrial and construction equipment. The company has developed a branch network that includes approximately 60 total locations across Michigan, Illinois, Indiana, Ohio, Massachusetts, Maine, Connecticut, New Hampshire, Vermont, New York, Virginia and Florida. The firm offers its customers a one-stop shop for their equipment needs through its product portfolio.

Contact

MICHIGAN
Livonia
13211 Merriman Road
+12484496700.0

IPO

2019-04-12

Employees

2 250

Officers

CEO & Chairman
Mr. Ryan Greenawalt
Chief Financial Officer
Mr. Anthony J. Colucci
Chief Operating Officer
Mr. Craig Brubaker
Chief Legal Officer & General Counsel
Mr. Jeff Hoover
Vice President of Human Resources
Paul Ivankovics
President of Construction Equipment Division
Mr. Robert T. Chiles
Show More
President of Industrial Group
Mr. Bob Kohler
President & CEO of NITCO
Mr. Alan Hammersley
Director of Finance
Mr. Andrew Rundle
Director of SEC Reporting & Technical Accounting
Jason Dammeyer
Show Less

See Also

Discover More
What is the Intrinsic Value of one ALTG stock?

The intrinsic value of one ALTG stock under the Base Case scenario is 47.94 USD.

Is ALTG stock undervalued or overvalued?

Compared to the current market price of 12.89 USD, Alta Equipment Group Inc is Undervalued by 73%.