Astec Industries Inc. (ASTE) is my company.

• Financial analysis excel sheet is attached with the uploaded files, it has alot of useful information and can be used
to answer the following questions.
1. For your company, compare CFO (cash flow form operation) and Net Income for 2011-2014. Calculate the growth rate and
correlation between these two items.

2. Calculate the intrinsic value of your company’s share price using a DCF model (Free Cash Flow to Firm). Compare the
market price of the stock with your model’s price. Discuss.

3. Calculate the LTM (2015) financial ratios P/E, P/B, and P/S for your company and its competitors.
1- Lindsay Corporation (LNN)
2- Alamo Group Inc. (ALG)

4. Calculate the 2012-2104 profitability ratios RNOA, ROCE(return on common equity), and net profit margin for your
company and its competitors. Discuss.
Those are the two competitors:
1- Lindsay Corporation (LNN)
2- Alamo Group Inc. (ALG)

5. Find the historical growth rate (2011-2015) of earnings and the expected growth rate of earnings (2015 to 2016) for
your company and its competitors.
Those are the two competitors:
1- Lindsay Corporation (LNN)
2- Alamo Group Inc. (ALG)

Balance Sheet FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY
2014
Right click line item for description 12/31/2007 12/31/2008
12/31/2009 12/31/2010 12/31/2011 12/31/2012 12/31/2013 12/31/2014

Total Assets
+ Cash, Cash Equivalents & STI 35 10 40 95 58
82 53 15
+ Cash & Cash Equivalents 35 10 40 95 58 81
36 13
+ ST Investments – – – – 1 17
2
+ Accounts & Notes Receiv 87 72 66 78 98 89
95 107
+ Accounts Receivable, Net 84 72 66 78 98 86
95 106
+ Notes Receivable, Net – – – 3
– 2
+ Unbilled Revenues

+ Inventories 211 286 249 253 299 313 342 388
+ Raw Materials 97 116 90 97 126 130 139
149
+ Work In Process 54 58 52 60 71 76 75
105
+ Finished Goods 51 100 88 78 80 85 100
102
+ Other Inventory 9 12 18 18 22 22 28
31
+ Other ST Assets 16 28 29 22 31 20 33
43
+ Prepaid Expenses 9 14
21
+ Derivative & Hedging Assets – – 0
– 0 0
+ Assets Held-for-Sale

+ Deferred Tax Assets 12 10 17 10
15 15
+ Income Taxes Receivable

+ Discontinued Operations

+ Misc ST Assets 17 12 14 1 4
7
Total Current Assets 349 395 384 448 486 504 522
553
+ Property, Plant & Equip, Net 142 169 172 168 188
183 185 188
+ Property, Plant & Equip 264 305 325 338 372 375
393 410
– Accumulated Depreciation 123 136 153 170 184 192
208 222
+ LT Investments & Receivables 19 10 12 12 10
17 18 12
+ LT Investments 12 12 10 10 12
11
+ LT Marketable Securities –

+ LT Receivables 6 6
1
+ Other LT Assets 34 39 23 22 34 25 24
52
+ Total Intangible Assets 32 36 21 19 25 23
22 49
+ Goodwill 26 30 14 14 15 15 15 32
+ Other Intangible Assets 5 6 7 5 10 8
7 17
+ Prepaid Expense

+ Deferred Tax Assets

+ Derivative & Hedging Assets – – –
– – 0
+ Prepaid Pension Costs

+ Discontinued Operations

+ Investments in Affiliates

+ Misc LT Assets 2 3 2 3 9 2 2
3
Total Noncurrent Assets 194 218 207 202 231 225 227
252
Total Assets 543 613 591 650 717 729 749 805

Liabilities & Shareholders’ Equity

+ Payables & Accruals 55 51 62 74 91 77 79
91
+ Accounts Payable 55 51 36 44 55 46 46
61
+ Accrued Income Taxes – – – –
– –
+ Interest & Dividends Payable – – –
– – –
+ Other Accrued Liabilities 26 30 35 31
33 30
+ ST Debt – 3 – – – – – 4
+ ST Borrowings – 3 – – – – –
3
+ ST Capital Leases – – – – – – –
–
+ Current Portion of LT Debt
1
+ Other ST Liabilities 89 89 44 56 64 69
55 66
+ Deferred Revenue – – – – –
–
+ Derivatives & Hedging 0 1 0 0
– –
+ Deferred Tax Liabilities

+ Discontinued Operations

+ Misc ST Liabilities 89 89 44 55 63 68
55 66
Total Current Liabilities 144 144 106 130 154 146
134 161
+ LT Debt – – – – – – – 7
+ LT Borrowings – – – – – – –
7
+ LT Capital Leases – – – – – – –
–
+ Other LT Liabilities 21 29 32 26 34 33
35 38
+ Accrued Liabilities – – – –
– –
+ Pension Liabilities 3 3 4 4
1 3
+ Pensions
+ Other Post-Ret Benefits

+ Deferred Compensation

+ Deferred Revenue – – – – –
–
+ Deferred Tax Liabilities 15 13 16 15
17 17
+ Derivatives & Hedging 0 0 – –
– –
+ Discontinued Operations

+ Misc LT Liabilities 21 29 14 11 13 13
17 18
Total Noncurrent Liabilities 21 29 32 26 34 33
35 45
Total Liabilities 165 173 139 157 188 178 169
206
+ Preferred Equity – – – – – – –
–
+ Share Capital & APIC 119 126 129 133 137 138
139 140
+ Common Stock 5 5 5 5 5
5
+ Additional Paid in Capital 124 129 133
134 135 136
+ Other Share Capital

– Treasury Stock – – – – – – –
–
+ Retained Earnings 254 318 321 353 393 413 445
471
+ Other Equity 3 (5) 2 6 (2) (2) (8)
(16)
Equity Before Minority Interest 377 439 452 492 529 549
577 595
+ Minority Interest 1 1 0 1 1 2 4
4
Total Equity 377 440 452 493 529 551 581 599
Total Liabilities & Equity 543 613 591 650 717 729
749 805

Reference Items
Accounting Standard

Publication Date 42,065 42,065 42,065
42,065 42,065 42,065 42,065 42,065
Shares Outstanding 22 23 23 23 23 23 23
23
Number of Treasury Shares – – – – – –
– –
Pension Obligations – 3 3 4 4 1
3
Accumulated Inflation Adjustment

Number of Employees