ALTG - Alta Equipment Group Inc.
NYSE
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Industrials
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Rental & Leasing Services
Livonia,
United States
Type: Equity
ALTG price evolution
ALTG
| (in millions $) | 31 Dec 2023 | 30 Sep 2023 | 30 Jun 2023 | 31 Mar 2023 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $31 | $1.4 | $2.3 | $1.7 |
| Short term investments | ||||
| Net receivables | $249.3 | $259.1 | $226.7 | $228.3 |
| Inventory | $530.7 | $492.8 | $498 | $469.1 |
| Total current assets | $838 | $784.3 | $759.5 | $729.5 |
| Long term investments | ||||
| Property, plant & equipment | $575.7 | $553.7 | $534.8 | $510.3 |
| Goodwill & intangible assets | $143 | $125.4 | $126.7 | $129 |
| Total noncurrent assets | $732.9 | $696.1 | $670.7 | $647.3 |
| Total investments | ||||
| Total assets | $1570.9 | $1480.4 | $1430.2 | $1376.8 |
| Current liabilities | ||||
| Accounts payable | $97 | $89.6 | $79.1 | $88.1 |
| Deferred revenue | $20.4 | $18.9 | $17.1 | $17.5 |
| Short long term debt | $420.9 | $386.5 | $368.8 | $334.7 |
| Total current liabilities | $635.1 | $569.8 | $541.3 | $525.8 |
| Long term debt | $758.9 | $736.7 | $720.6 | $685 |
| Total noncurrent liabilities | $786.1 | $763.1 | $747.5 | $712.9 |
| Total debt | $1179.8 | $1123.2 | $1089.4 | $1019.7 |
| Total liabilities | $1421.2 | $1332.9 | $1288.8 | $1238.7 |
| Shareholders' equity | ||||
| Retained earnings | -$76.4 | -$71.8 | -$76.5 | -$76.4 |
| Other shareholder equity | -$1.8 | -$1.3 | -$0.9 | -$3.2 |
| Total shareholder equity | $149.7 | $147.5 | $141.4 | $138.1 |
| (in millions $) | 31 Dec 2023 | 31 Jan 2023 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $31 | $2.7 | $2.3 | $1.2 |
| Short term investments | ||||
| Net receivables | $249.3 | $232.8 | $182.7 | $137.8 |
| Inventory | $530.7 | $399.7 | $239.2 | $229 |
| Total current assets | $838 | $663.3 | $448.6 | $381.6 |
| Long term investments | ||||
| Property, plant & equipment | $575.7 | $491.4 | $447.1 | $311.9 |
| Goodwill & intangible assets | $143 | $129.9 | $85.3 | $50.6 |
| Total noncurrent assets | $732.9 | $627.3 | $534 | $364.6 |
| Total investments | ||||
| Total assets | $1570.9 | $1290.6 | $982.6 | $746.2 |
| Current liabilities | ||||
| Accounts payable | $97 | $90.8 | $73.5 | $58.9 |
| Deferred revenue | $20.4 | $19 | $4.2 | |
| Short long term debt | $420.9 | $275.8 | $272 | $322.9 |
| Total current liabilities | $635.1 | $471.2 | $420.6 | $434.3 |
| Long term debt | $758.9 | $544.1 | $407.4 | $138.1 |
| Total noncurrent liabilities | $786.1 | $679.6 | $427.3 | $155 |
| Total debt | $1179.8 | $921.8 | $679.4 | $461 |
| Total liabilities | $1421.2 | $1150.8 | $847.9 | $589.3 |
| Shareholders' equity | ||||
| Retained earnings | -$76.4 | -$74.2 | -$76.8 | -$53.4 |
| Other shareholder equity | -$1.8 | -$2.9 | -$0.02 | $0.1 |
| Total shareholder equity | $149.7 | $139.8 | $134.7 | $156.9 |
| (in millions $) | 31 Dec 2023 | 30 Sep 2023 | 30 Jun 2023 | 31 Mar 2023 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $554.7 | $498.4 | $500 | $451.9 |
| Cost of revenue | $388.5 | $340.1 | $341.6 | $299.4 |
| Gross Profit | $166.2 | $158.3 | $158.4 | $152.5 |
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $114.3 | $106.8 | $105.2 | $109.2 |
| Total operating expenses | $120.8 | $112.2 | $110.6 | $109.2 |
| Operating income | $45.4 | $46.1 | $47.8 | $43.3 |
| Income from continuing operations | ||||
| EBIT | $14.7 | $15.3 | $16.4 | $13.1 |
| Income tax expense | $0.5 | -$7.3 | $0.3 | $0.1 |
| Interest expense | $16.1 | $15.2 | $13.7 | $12 |
| Net income | ||||
| Net income | -$1.9 | $7.4 | $2.4 | $1 |
| Income (for common shares) | -$2.7 | $6.7 | $1.7 | $0.2 |
| (in millions $) | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $2005 | $1684.9 | $1301.6 | $943.3 |
| Cost of revenue | $1369.6 | $1152.2 | $898.4 | $659.1 |
| Gross Profit | $635.4 | $532.7 | $403.2 | $284.2 |
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $430.3 | $378.8 | $296.4 | $222.6 |
| Total operating expenses | $452.8 | $378.8 | $296.4 | $222.6 |
| Operating income | $182.6 | $153.9 | $106.8 | $61.6 |
| Income from continuing operations | ||||
| EBIT | $59.5 | $42.4 | $6.8 | -$6.8 |
| Income tax expense | -$6.4 | $1.3 | $3.6 | -$6.6 |
| Interest expense | $57 | $31.8 | $24 | $23.8 |
| Net income | ||||
| Net income | $8.9 | $9.3 | -$20.8 | -$24 |
| Income (for common shares) | $5.9 | $6.3 | -$23.4 | -$24 |
| (in millions $) | 31 Dec 2023 | 30 Sep 2023 | 30 Jun 2023 | 31 Mar 2023 |
|---|---|---|---|---|
| Net income | -$1.9 | $7.4 | $2.4 | $1 |
| Operating activities | ||||
| Depreciation | $36.5 | $35 | $33 | $28.1 |
| Business acquisitions & disposals | -$44 | $1.3 | -$1.7 | -$1.2 |
| Stock-based compensation | $1 | $1.4 | $1.1 | $0.8 |
| Total cash flows from operations | $83.2 | $14.4 | -$13.7 | -$20.1 |
| Investing activities | ||||
| Capital expenditures | -$17.6 | -$18.8 | -$20 | -$17.7 |
| Investments | ||||
| Total cash flows from investing | -$62.2 | -$20 | -$21.7 | -$18.9 |
| Financing activities | ||||
| Dividends paid | -$1.9 | -$2 | -$1.8 | -$1.9 |
| Sale and purchase of stock | ||||
| Net borrowings | $8.7 | $16.3 | $36.8 | $38.2 |
| Total cash flows from financing | $9.1 | $4.1 | $36.2 | $37.9 |
| Effect of exchange rate | -$0.5 | $0.6 | -$0.2 | $0.1 |
| Change in cash and equivalents | $29.6 | -$0.9 | $0.6 | -$1 |
| (in millions $) | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Net income | $8.9 | $9.3 | -$20.8 | -$24 |
| Operating activities | ||||
| Depreciation | $132.6 | $112 | $95.8 | $75 |
| Business acquisitions & disposals | -$45.6 | -$87.1 | -$65.3 | -$180 |
| Stock-based compensation | $4.3 | $2.7 | $1.2 | $6.7 |
| Total cash flows from operations | $63.8 | $26 | $30.7 | -$38.4 |
| Investing activities | ||||
| Capital expenditures | -$74.1 | -$75.5 | -$48.1 | -$44.5 |
| Investments | ||||
| Total cash flows from investing | -$122.8 | -$162.6 | -$113.4 | -$224.5 |
| Financing activities | ||||
| Dividends paid | -$7.6 | -$3.7 | ||
| Sale and purchase of stock | $173.8 | |||
| Net borrowings | $100 | $142.9 | $86.4 | $90.1 |
| Total cash flows from financing | $87.3 | $136.9 | $83.8 | $264.1 |
| Effect of exchange rate | $0.1 | |||
| Change in cash and equivalents | $28.3 | $0.4 | $1.1 | $1.2 |
News
Fundamentals
| Market cap | $368.01M |
|---|---|
| Enterprise value | $1.52B |
| Shares outstanding | 31.51M |
| Revenue | $2.00B |
|---|---|
| EBITDA | $192.10M |
| EBIT | $59.50M |
| Net Income | $8.90M |
| Revenue Q/Q | 20.93% |
| Revenue Y/Y | 19.00% |
| P/E ratio | 41.35 |
|---|---|
| EV/Sales | 0.76 |
| EV/EBITDA | 7.90 |
| EV/EBIT | 25.49 |
| P/S ratio | 0.18 |
| P/B ratio | 2.43 |
| Book/Share | 4.81 |
| Cash/Share | 0.98 |
| EPS | $0.28 |
|---|---|
| ROA | 0.61% |
| ROE | 6.17% |
| Debt/Equity | 9.49 |
|---|---|
| Net debt/EBITDA | 7.24 |
| Current ratio | 1.32 |
| Quick ratio | 0.48 |