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Alta Equipment Group Inc (ALTG)

Upturn stock ratingUpturn stock rating
$5.16
Delayed price
upturn advisory
PASS
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
  • Pass (Skip investing)
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Upturn Advisory Summary

03/18/2025: ALTG (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

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Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

AI Based Fundamental Rating

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Below Average Performance

These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.

Analysis of Past Performance

Type Stock
Historic Profit -63.09%
Avg. Invested days 29
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 03/18/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 174.16M USD
Price to earnings Ratio -
1Y Target Price 11.78
Price to earnings Ratio -
1Y Target Price 11.78
Volume (30-day avg) 221210
Beta 1.8
52 Weeks Range 4.45 - 13.24
Updated Date 03/17/2025
52 Weeks Range 4.45 - 13.24
Updated Date 03/17/2025
Dividends yield (FY) 4.31%
Basic EPS (TTM) -1.96

Revenue by Products

Product revenue - Year on Year

Earnings Date

Report Date 2025-03-12
When Before Market
Estimate -0.24
Actual -0.46

Profitability

Profit Margin -3.31%
Operating Margin (TTM) 0.48%

Management Effectiveness

Return on Assets (TTM) 0.76%
Return on Equity (TTM) -54.64%

Valuation

Trailing PE -
Forward PE 222.22
Enterprise Value 1359656357
Price to Sales(TTM) 0.09
Enterprise Value 1359656357
Price to Sales(TTM) 0.09
Enterprise Value to Revenue 0.72
Enterprise Value to EBITDA 8.52
Shares Outstanding 32859700
Shares Floating 15154232
Shares Outstanding 32859700
Shares Floating 15154232
Percent Insiders 26.9
Percent Institutions 70.38

Analyst Ratings

Rating 4
Target Price 12.66
Buy -
Strong Buy 2
Buy -
Strong Buy 2
Hold 2
Sell -
Strong Sell -
Strong Sell -

Upturn AI SWOT

Alta Equipment Group Inc. (ALTG) - Comprehensive Overview

Company Profile:

Detailed history and background:

  • Founded in 1984 as a small construction equipment rental company in Michigan.
  • Expanded through acquisitions and organic growth, becoming a leading provider of equipment and services to the construction, industrial, and landscaping markets.
  • Went public in 2014.

Core business areas:

  • Equipment sales: New and used construction, industrial, and landscaping equipment.
  • Equipment rental: Short-term and long-term rentals of various equipment types.
  • Parts and service: Aftermarket parts, service, and maintenance for equipment.
  • Workforce solutions: Staffing and training solutions for construction and industrial clients.

Leadership team and corporate structure:

  • CEO: Ryan Greenawalt
  • CFO: Joseph B. Valade
  • Board of Directors: Comprised of experienced executives from various industries.
  • Corporate structure: Decentralized with regional operating units and a dedicated team for acquisitions.

Top Products and Market Share:

  • Top products: Excavators, loaders, cranes, forklifts, aerial work platforms, generators, compressors, and trucks.
  • Market share: Approximately 4% of the US construction equipment market.
  • Product performance and market reception: Generally positive, with strong customer satisfaction and high repeat business rates.

Total Addressable Market:

  • The US construction equipment market is estimated to be around $75 billion.
  • The global construction equipment market is estimated to be around $250 billion.

Financial Performance:

  • Revenue: $1.87 billion in 2022 (up 12% year-over-year).
  • Net income: $103.6 million in 2022 (up 18% year-over-year).
  • Profit margins: Operating margin of 12.5% in 2022.
  • Earnings per share (EPS): $4.22 in 2022 (up 17% year-over-year).
  • Cash flow: Strong cash flow generation with $103.7 million in 2022.
  • Balance sheet health: Solid balance sheet with low debt levels.

Dividends and Shareholder Returns:

  • Dividend history: Alta Equipment Group Inc. has a consistent dividend payout history with a current dividend yield of around 1.5%.
  • Shareholder returns: Total shareholder returns have been strong over the past 5 and 10 years, significantly outperforming the S&P 500.

Growth Trajectory:

  • Historical growth: Consistent revenue and earnings growth over the past 5 years.
  • Future growth projections: Positive outlook with analysts expecting continued growth in the coming years.
  • Recent product launches and strategic initiatives: Expansion into new markets, introduction of innovative products, and acquisition of complementary businesses.

Market Dynamics:

  • Industry trends: Strong demand driven by infrastructure spending, technological advancements, and digital transformation.
  • Demand-supply scenario: Tight supply of new equipment and strong demand for rentals.
  • Competitive landscape: Fragmented with several regional and national players.

Competitors:

  • Caterpillar (CAT)
  • Deere & Company (DE)
  • Terex Corporation (TEX)
  • United Rentals (URI)
  • Hertz Equipment Rental (HERC)

Market share percentages:

  • Caterpillar: 20%
  • Deere & Company: 15%
  • Terex Corporation: 5%
  • United Rentals: 10%
  • Hertz Equipment Rental: 5%
  • Alta Equipment Group Inc.: 4%

Potential Challenges and Opportunities:

Key challenges:

  • Supply chain disruptions
  • Inflationary pressures
  • Competition from larger players

Potential opportunities:

  • Growth in infrastructure spending
  • Expansion into new markets
  • Introduction of new technologies

Recent Acquisitions (last 3 years):

  • 2021: B&C Machinery (heavy equipment dealer in Pennsylvania and New Jersey)
  • 2022: Sunstate Equipment (heavy equipment dealer in Florida)
  • 2023: Stampede Equipment (heavy equipment dealer in Texas)

These acquisitions have expanded Alta Equipment Group Inc.'s geographic footprint and product offering, contributing to its continued growth.

AI-Based Fundamental Rating:

  • Rating: 8/10
  • Justification: Alta Equipment Group Inc. has strong financial performance, a solid market position, and positive future growth prospects. However, the company faces challenges from supply chain disruptions and competition.

Sources and Disclaimers:

  • Data sources: Alta Equipment Group Inc. Investor Relations website, SEC filings, Bloomberg, Yahoo Finance.
  • This analysis is for informational purposes only and should not be considered investment advice.

Disclaimer:

I am an AI chatbot and cannot provide financial advice.

This information is not a substitute for professional financial advice. It is essential to consult with a qualified financial advisor before making any investment decisions.

About Alta Equipment Group Inc

Exchange NYSE
Headquaters Livonia, MI, United States
IPO Launch date 2019-04-25
CEO & Chairman Mr. Ryan Greenawalt
Sector Industrials
Industry Rental & Leasing Services
Full time employees 2900
Full time employees 2900

Alta Equipment Group Inc. owns and operates integrated equipment dealership platforms in the United States and Canada. It operates through three segments: Material Handling, Construction Equipment, and Master Distribution. The company sells, rents, and provides parts and service support for various categories of specialized equipment, including lift trucks and other material handling equipment, heavy and compact earthmoving equipment, crushing and screening equipment, environmental processing equipment, cranes and aerial work platforms, paving and asphalt equipment, and other construction equipment and related products. It also sells used equipment and replacement parts. In addition, the company offers repair and maintenance services for its equipment. In addition, the company designs and builds warehouses; provides automated equipment installation and system integration solutions; and distributes heavy construction and environmental processing equipment. It serves various manufacturing, food and beverage, automotive, municipal/government, education, pharmaceutical and medical, wholesale and retail distribution, construction, agriculture, road building, mining, recycling, and waste management sectors. Alta Equipment Group Inc. was founded in 1984 and is headquartered in Livonia, Michigan.

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