Alta Equipment Group Inc.

Industrials
Industrial Machinery/Components
www.altaequipment.com

Earnings Score
Moat Score
Safety Score

Market Cap $268.71M
PE -5
Debt $722.70M
Cash $14.60M
EV $976.81M
FCF $90.10M

Earnings

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Sales & Net Margins

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Earnings	-$56.40M
EBIT	$28.40M
ROE	-59%
ROA	2%
FCF	$90.10M
Equity	$95.70M
Growth Stability	1
PE	-4.76
PEG	-0.14
PB	2.81
P/FCF	2.98
P/S	0.14
Price/Cash	0.05
Debt/Equity	7.55
Debt/FCF	8.02
Net Margins	-4%
Gross Margins	27%
Op. Margins	1%
Earnings CAGR	14%
Sales Growth YoY	-4%
Sales Growth QoQ	-8%
Sales CAGR	24%
FCF CAGR	10%
Equity CAGR	51%
Earnings Stability	-0.36
Earnings Growth YoY	-524%
Earnings Growth QoQ	125%
Earnings CAGR 5Y	33%

Sales CAGR 5Y	29%
FCF CAGR 5Y	28%
Equity CAGR 5Y	20%
Earnings CAGR 3Y	19%
Sales CAGR 3Y	19%
FCF CAGR 3Y	50%
Equity CAGR 3Y	-5%
Market Cap	$268.71M
Revenue	$1.90B
Dividend Yield	1%
Payout Ratio	-5%
Assets	$1.55B
Total Debt	$722.70M
Cash	$14.60M
Shares Outstanding	33.09M
EV	976.81M
Earnings Score	6%
Moat Score	12%
Safety Score	64%
Final Score	27%
Working Capital	214.1M
Current Ratio	1.35
Gross Profit	$510.20M
Shares Growth 3y	1%
Equity Growth QoQ	-24%
Equity Growth YoY	-35%

Assets & ROA

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Stockholders Equity & ROE

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Alta Equipment Group Inc is an integrated equipment dealership platform in the U.S. Its segments are Material Handling and Construction Equipment. The Material Handling segment is engaged in operations related to the sale, service, and rental of lift trucks in Michigan, Illinois, Indiana, New York, Virginia, and throughout the New England states whereas, the Construction Equipment segment is principally engaged in operations related to the sale, service, and rental of construction equipment in Michigan, Indiana, Illinois, Ohio, New York, Florida and throughout the New England States.

SEC Filings

Direct access to Alta Equipment Group Inc. (ALTG) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Alta Equipment Group Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Alta Equipment Group Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 14%

Stability -36%

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Alta Equipment Group Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Alta Equipment Group Inc..

Years

Calculation mode

= $1.9B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$90M	$100M	$110M	$122M	$134M	$148M	$164M	$181M	$200M	$221M	$244M	$2.4B
DCF		$91M	$91M	$91M	$92M	$92M	$93M	$93M	$93M	$94M	$94M	$942M
Value	$1.9B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	-	0%	-3%	-2%	0%	0%	-4%
ROA	-	0%	-1%	2%	3%	3%	2%
ROE	-	0%	-15%	-17%	5%	4%	-59%

Bad Net Margins (-3.9%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-	-3.69	14.23	41.54	12.98	8.02
Debt over Equity	-	20.82	1.01	2.39	3.92	4.46	7.55
Growth Stability	-	-	-	-	-	-	1

Bad Debt/FCF ratio (8.02)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Bad Debt/Equity ratio (7.55)

The company is overleveraged and has a bad balance between equity and debt.

Good Graham’s Stability (1)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	-	57%	39%	30%	19%	29%
Earnings YoY growth	-	-875%	-271K%	-3%	-127%	-6%	33%
Equity YoY growth	-	-58K%	3K%	-14%	4%	7%	20%
FCF YoY growth	-	-	1K%	-153%	-42%	289%	28%