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Altra Industrial Motion

DB:XQB
Snowflake Description

Undervalued with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
XQB
DB
$1B
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

Altra Industrial Motion Corp. designs, produces, and markets a range of electromechanical power transmission motion control products for use in various motion related applications, and high-volume manufacturing and non-manufacturing processes worldwide. The last earnings update was 42 days ago. More info.


Add to Portfolio Compare Print
  • Altra Industrial Motion has significant price volatility in the past 3 months.
XQB Share Price and Events
7 Day Returns
20.8%
DB:XQB
4.1%
DE Machinery
4.3%
DE Market
1 Year Returns
-37.9%
DB:XQB
-28.3%
DE Machinery
-14.2%
DE Market
XQB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Altra Industrial Motion (XQB) 20.8% -12.1% -47% -37.9% -50.4% -35.1%
DE Machinery 4.1% -9% -25.8% -28.3% -43.1% -34.6%
DE Market 4.3% -9% -21.6% -14.2% -19.6% -25.6%
1 Year Return vs Industry and Market
  • XQB underperformed the Machinery industry which returned -28.3% over the past year.
  • XQB underperformed the Market in Germany which returned -14.2% over the past year.
Price Volatility
XQB
Industry
5yr Volatility vs Market

Value

 Is Altra Industrial Motion undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Altra Industrial Motion to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Altra Industrial Motion.

DB:XQB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.6%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:XQB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Machinery Unlevered Beta Simply Wall St/ S&P Global 0.99
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.988 (1 + (1- 21%) (126.41%))
1.653
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.65
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.653 * 5.44%)
8.6%

Discounted Cash Flow Calculation for DB:XQB using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Altra Industrial Motion is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:XQB DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.6%)
2020 158.81 Analyst x3 146.24
2021 197.05 Analyst x2 167.08
2022 224.09 Est @ 13.72% 174.96
2023 245.36 Est @ 9.49% 176.39
2024 261.37 Est @ 6.52% 173.02
2025 273.00 Est @ 4.45% 166.41
2026 281.18 Est @ 3% 157.83
2027 286.76 Est @ 1.98% 148.21
2028 290.40 Est @ 1.27% 138.21
2029 292.64 Est @ 0.77% 128.25
Present value of next 10 years cash flows $1,576.00
DB:XQB DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $292.64 × (1 + -0.39%) ÷ (8.6% – -0.39%)
$3,242.62
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $3,242.62 ÷ (1 + 8.6%)10
$1,421.06
DB:XQB Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,576.00 + $1,421.06
$2,997.06
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $2,997.06 / 64.67
$46.35
DB:XQB Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:XQB represents 0.86783x of NasdaqGS:AIMC
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.86783x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 46.35 x 0.86783
€40.22
Value per share (EUR) From above. €40.22
Current discount Discount to share price of €17.40
= -1 x (€17.40 - €40.22) / €40.22
56.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Altra Industrial Motion is available for.
Intrinsic value
>50%
Share price is €17.4 vs Future cash flow value of €40.22
Current Discount Checks
For Altra Industrial Motion to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Altra Industrial Motion's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Altra Industrial Motion's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Altra Industrial Motion's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Altra Industrial Motion's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:XQB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $1.98
NasdaqGS:AIMC Share Price ** NasdaqGS (2020-04-08) in USD $20.05
Germany Machinery Industry PE Ratio Median Figure of 34 Publicly-Listed Machinery Companies 11.31x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 17.07x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Altra Industrial Motion.

DB:XQB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:AIMC Share Price ÷ EPS (both in USD)

= 20.05 ÷ 1.98

10.14x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Altra Industrial Motion is good value based on earnings compared to the DE Machinery industry average.
  • Altra Industrial Motion is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Altra Industrial Motion's expected growth come at a high price?
Raw Data
DB:XQB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.14x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
-1.9%per year
Germany Machinery Industry PEG Ratio Median Figure of 26 Publicly-Listed Machinery Companies 0.91x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.24x

*Line of best fit is calculated by linear regression .

DB:XQB PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.14x ÷ -1.9%

-5.34x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Altra Industrial Motion earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Altra Industrial Motion's assets?
Raw Data
DB:XQB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $29.93
NasdaqGS:AIMC Share Price * NasdaqGS (2020-04-08) in USD $20.05
Germany Machinery Industry PB Ratio Median Figure of 46 Publicly-Listed Machinery Companies 1.12x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.47x
DB:XQB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:AIMC Share Price ÷ Book Value per Share (both in USD)

= 20.05 ÷ 29.93

0.67x

* Primary Listing of Altra Industrial Motion.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Altra Industrial Motion is good value based on assets compared to the DE Machinery industry average.
X
Value checks
We assess Altra Industrial Motion's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Machinery industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Machinery industry average (and greater than 0)? (1 check)
  5. Altra Industrial Motion has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Altra Industrial Motion expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-1.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Altra Industrial Motion expected to grow at an attractive rate?
  • Altra Industrial Motion's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Altra Industrial Motion's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Altra Industrial Motion's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:XQB Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:XQB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts -1.9%
DB:XQB Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts -4%
Germany Machinery Industry Earnings Growth Rate Market Cap Weighted Average 15.9%
Germany Machinery Industry Revenue Growth Rate Market Cap Weighted Average 3.2%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:XQB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:XQB Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 1,732 251 140 2
2020-12-31 1,560 208 75 3
2020-04-09
DB:XQB Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 1,834 256 127
2019-09-30 1,861 238 85
2019-06-30 1,647 183 72
2019-03-31 1,418 152 62
2018-12-31 1,175 116 35
2018-09-30 930 96 53
2018-06-30 916 84 54
2018-03-31 902 81 50
2017-12-31 877 81 51
2017-09-30 826 73 41
2017-06-30 785 72 33
2017-03-31 744 74 27

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Altra Industrial Motion's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Altra Industrial Motion's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:XQB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Altra Industrial Motion Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:XQB Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 1.89 2.16 1.62 2.00
2020-12-31 1.54 1.54 1.54 1.00
2020-04-09
DB:XQB Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 1.98
2019-09-30 1.32
2019-06-30 1.29
2019-03-31 1.32
2018-12-31 0.93
2018-09-30 1.81
2018-06-30 1.85
2018-03-31 1.73
2017-12-31 1.78
2017-09-30 1.44
2017-06-30 1.20
2017-03-31 1.01

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Altra Industrial Motion is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Altra Industrial Motion's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Altra Industrial Motion has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Altra Industrial Motion performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Altra Industrial Motion's growth in the last year to its industry (Machinery).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Altra Industrial Motion has delivered over 20% year on year earnings growth in the past 5 years.
  • Altra Industrial Motion's 1-year earnings growth exceeds its 5-year average (260.3% vs 22.2%)
  • Altra Industrial Motion's earnings growth has exceeded the DE Machinery industry average in the past year (260.3% vs -19.9%).
Earnings and Revenue History
Altra Industrial Motion's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Altra Industrial Motion Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:XQB Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 1,834.10 127.20 359.00 59.10
2019-09-30 1,861.34 84.94 351.47 58.98
2019-06-30 1,646.94 71.54 308.47 50.38
2019-03-31 1,417.74 61.54 259.87 41.88
2018-12-31 1,175.30 35.30 215.70 33.10
2018-09-30 929.52 52.74 179.66 24.50
2018-06-30 915.65 53.72 175.77 24.75
2018-03-31 901.70 50.10 173.99 24.71
2017-12-31 876.70 51.40 164.50 24.40
2017-09-30 826.06 40.66 155.66 22.77
2017-06-30 784.57 32.69 150.79 20.98
2017-03-31 743.89 26.66 145.04 19.34
2016-12-31 708.91 25.14 140.49 17.68
2016-09-30 709.89 29.58 139.03 17.66
2016-06-30 719.81 34.49 137.17 17.60
2016-03-31 733.74 34.82 136.45 17.62
2015-12-31 746.65 35.41 139.22 17.82
2015-09-30 764.99 38.36 143.08 17.31
2015-06-30 784.45 35.08 147.86 16.92
2015-03-31 803.04 38.20 153.21 16.40
2014-12-31 819.82 40.17 155.17 15.52
2014-09-30 808.39 38.31 148.74 15.11
2014-06-30 781.31 41.87 141.35 14.29
2014-03-31 747.21 39.76 133.48 13.49
2013-12-31 722.22 40.28 130.16 12.54
2013-09-28 718.86 27.69 129.12 11.82
2013-06-29 717.91 25.74 128.23 11.64

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Altra Industrial Motion has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Altra Industrial Motion used its assets more efficiently than the DE Machinery industry average last year based on Return on Assets.
  • Altra Industrial Motion's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Altra Industrial Motion's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Machinery industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Altra Industrial Motion has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Altra Industrial Motion's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Altra Industrial Motion's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Altra Industrial Motion is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Altra Industrial Motion's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Altra Industrial Motion's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Altra Industrial Motion Company Filings, last reported 3 months ago.

DB:XQB Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,922.30 1,600.30 167.30
2019-09-30 1,867.50 1,644.00 168.00
2019-06-30 1,884.40 1,682.40 153.60
2019-03-31 1,872.40 1,706.70 152.40
2018-12-31 1,848.20 1,723.90 169.00
2018-09-30 417.16 273.53 50.10
2018-06-30 412.89 277.00 38.11
2018-03-31 412.96 303.91 46.40
2017-12-31 396.71 296.14 51.99
2017-09-30 383.57 318.02 53.15
2017-06-30 368.78 324.64 58.98
2017-03-31 347.45 322.02 52.94
2016-12-31 283.35 372.19 69.12
2016-09-30 250.88 210.15 39.77
2016-06-30 249.99 211.18 34.33
2016-03-31 250.57 234.80 44.84
2015-12-31 242.57 234.76 50.32
2015-09-30 248.07 239.90 49.65
2015-06-30 252.62 247.66 42.28
2015-03-31 245.44 257.64 47.43
2014-12-31 259.64 255.75 47.50
2014-09-30 269.32 251.59 42.99
2014-06-30 288.21 266.79 69.17
2014-03-31 279.71 266.93 61.85
2013-12-31 270.32 278.27 63.60
2013-09-28 259.95 193.89 70.27
2013-06-29 246.55 207.26 61.51
  • Altra Industrial Motion's level of debt (83.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (98.6% vs 83.2% today).
  • Debt is not well covered by operating cash flow (16%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.2x coverage).
X
Financial health checks
We assess Altra Industrial Motion's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Altra Industrial Motion has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Altra Industrial Motion's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.39%
Current annual income from Altra Industrial Motion dividends. Estimated to be 3.39% next year.
If you bought €2,000 of Altra Industrial Motion shares you are expected to receive €68 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Altra Industrial Motion's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.63%).
  • Altra Industrial Motion's dividend is below the markets top 25% of dividend payers in Germany (4.61%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:XQB Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Germany Machinery Industry Average Dividend Yield Market Cap Weighted Average of 29 Stocks 3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.6%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 4.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:XQB Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.68 1.00
2020-12-31 0.68 1.00
2020-04-09
DB:XQB Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-02-11 0.680 3.129
2019-10-22 0.680 1.998
2019-07-22 0.680 2.537
2019-04-24 0.680 1.959
2019-02-12 0.680 2.114
2018-10-16 0.680 2.295
2018-07-24 0.680 1.662
2018-04-24 0.680 1.568
2017-10-18 0.680 1.432
2017-07-21 0.680 1.489
2017-04-26 0.680 1.638
2017-02-09 0.600 1.552
2016-10-19 0.600 1.714
2016-07-20 0.600 2.111
2016-04-28 0.600 2.167
2016-02-11 0.600 2.291
2015-10-21 0.600 2.417
2015-07-22 0.600 2.438
2015-04-30 0.600 2.169
2015-02-12 0.480 1.752
2014-10-22 0.480 1.683
2014-07-23 0.480 1.539
2014-04-24 0.480 1.354
2014-02-12 0.400 1.141
2013-10-29 0.400 1.257
2013-07-24 0.400 1.515
2013-04-25 0.400 1.428
2013-02-12 0.320 1.224
2012-10-23 0.240 1.174
2012-07-24 0.200 1.123
2012-06-05 0.200 1.274

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Altra Industrial Motion has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Altra Industrial Motion only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of Altra Industrial Motion's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.1x coverage).
X
Income/ dividend checks
We assess Altra Industrial Motion's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Altra Industrial Motion afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Altra Industrial Motion has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Altra Industrial Motion's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Carl Christenson
COMPENSATION $5,625,786
AGE 59
TENURE AS CEO 11.3 years
CEO Bio

Mr. Carl R. Christenson has been an Independent Director of IDEX Corporation since June 17, 2019. Mr. Christenson has been the Chief Executive Officer and President of Altra Holdings, Inc. since January 1, 2009. Mr. Christenson has been the Chief Executive Officer of Altra Industrial Motion Corp. since January 2009 and served as its President and Chief Operating Officer from January 2005 to December 2008. He served as Vice President and General Manager of Mechanical Business of TB Woods Corporation and TBWI (TB Wood’s Incorporated) since October 1994. He served as Chief Operating Officer of Altra Holdings, Inc. since January 2005. Mr. Christenson has experience in manufacturing companies. He joined TBWI in June 1991 as Director of Mechanical Engineering. He served as Vice President of Engineering & Mechanical Products of TBWI since 1992. From 2001 to 2005, Mr. Christenson served as the President of Kaydon Bearings, a division of Kaydon Corporation. He served a number of management positions at TB Wood’s Incorporated and several positions at Torrington Company. Mr. Christenson has been the Chairman of Altra Industrial Motion Corp. since April 2014. He has been a Director of Altra Holdings, Inc. since July 2007. He has been a Director of Altra Industrial Motion Corp. since July 2007. He also served as a Director of T. B. Wood's Canada, Ltd., since 1996 and T. B. Wood's Mexico, S.A. de C.V. since 1999. Mr. Christenson served as a director at Vectra Co., f/k/a OM Group, Inc., a NYSE listed technology-driven diversified industrial company from January 1, 2014 to 2015. Mr. Christenson holds an M.B.A. from Rensselaer Polytechnic Institute and an M.S Mechanical Engineering and B.S in Mechanical Engineering from The University of Massachusetts. He serves as President at Mchale Acquisition corp. Mr. Christenson brought vast knowledge of Altra’s business, structure, history and culture.

CEO Compensation
  • Carl's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Carl's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Altra Industrial Motion management team in years:

12.3
Average Tenure
57
Average Age
  • The average tenure for the Altra Industrial Motion management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Carl Christenson

TITLE
Chairman & CEO
COMPENSATION
$6M
AGE
59
TENURE
11.3 yrs

Christian Storch

TITLE
Executive VP & CFO
COMPENSATION
$2M
AGE
59
TENURE
12.3 yrs

Todd Patriacca

TITLE
Chief Accounting Officer
AGE
49

Glenn Deegan

TITLE
Executive VP of Legal & Human Resources
COMPENSATION
$1M
AGE
52
TENURE
11.6 yrs

Craig Schuele

TITLE
Executive Vice President of Marketing & Business Development
COMPENSATION
$894K
AGE
55
TENURE
12.9 yrs

Gerald Ferris

TITLE
Executive Vice President of Global Sales
COMPENSATION
$811K
AGE
69
TENURE
12.9 yrs
Board of Directors Tenure

Average tenure and age of the Altra Industrial Motion board of directors in years:

9.2
Average Tenure
60
Average Age
  • The tenure for the Altra Industrial Motion board of directors is about average.
Board of Directors

Jim Woodward

TITLE
Director
COMPENSATION
$200K
AGE
66
TENURE
13.1 yrs

Carl Christenson

TITLE
Chairman & CEO
COMPENSATION
$6M
AGE
59
TENURE
6 yrs

Tom Swidarski

TITLE
Independent Director
COMPENSATION
$203K
AGE
60
TENURE
6 yrs

Margot Hoffman

TITLE
Independent Director
COMPENSATION
$203K
AGE
56
TENURE
2 yrs

Larry McPherson

TITLE
Lead Director
COMPENSATION
$221K
AGE
73

Ed Carpenter

TITLE
Independent Director
COMPENSATION
$197K
AGE
77
TENURE
13.1 yrs

Lyle Ganske

TITLE
Independent Director
COMPENSATION
$200K
AGE
60
TENURE
12.4 yrs

Mike Lipscomb

TITLE
Independent Director
COMPENSATION
$194K
AGE
72
TENURE
12.4 yrs

Pat Murphy

TITLE
Independent Director
COMPENSATION
$194K
AGE
57
TENURE
1.5 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Altra Industrial Motion individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
16. Mar 20 Buy Carl Christenson Individual 13. Mar 20 13. Mar 20 2,802 €18.01 €50,472
12. Mar 20 Buy Carl Christenson Individual 10. Mar 20 10. Mar 20 4,956 €20.61 €102,139
25. Nov 19 Sell Larry McPherson Individual 22. Nov 19 22. Nov 19 -8,036 €30.15 €-242,294
13. Aug 19 Sell Larry McPherson Individual 09. Aug 19 09. Aug 19 -9,922 €22.64 €-224,675
06. May 19 Buy Michael Lipscomb Individual 01. May 19 01. May 19 13,000 €33.17 €431,196
03. May 19 Sell Christian Storch Individual 01. May 19 01. May 19 -18,574 €33.11 €-614,960
X
Management checks
We assess Altra Industrial Motion's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Altra Industrial Motion has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Altra Industrial Motion Corp. designs, produces, and markets a range of electromechanical power transmission motion control products for use in various motion related applications, and high-volume manufacturing and non-manufacturing processes worldwide. It operates in two segments, Power Transmission Technologies and Automation & Specialty. The Power Transmission Technologies segment offers couplings, such as gear couplings, diaphragm and disc couplings, elastomeric couplings, miniature and precision couplings, joints, mill spindles, and shaft locking devices under the Ameridrives, Bibby, Guardian, Huco, Lamiflex, Stromag, and TB Wood’s brands; clutches and brakes under the Industrial Clutch, Formsprag, Stieber, Stromag, Svendborg, Twiflex, and Wichita brands; electromagnetic clutches and brakes under the Inertia Dynamics, Matrix, Stromag, and Warner Electric brands; and gears under the Bauer Gear Motor, Boston Gear, Delroyd, and Nuttall brands. The Automation & Specialty segment provides rotary precision motion solutions, including servo and stepper motors, precision linear actuators, and electronic drives and motion controllers, as well as related software under the Kollmorgen brand; and miniature motors, as well as motion control products, such as brush and brushless DC, can stack, and disc magnet motors under the Portescap brand. This segment also offers linear bearings, guides, glides, lead and ball screws, industrial linear actuators, resolvers, and inductors for the transition of rotary motion to linear motion under the Thomson brand; and heavy-duty diesel engine brake systems and valve actuation mechanisms, including compression release, and bleeder and exhaust brakes under the Jacobs Vehicle Systems brand. The company was formerly known as Altra Holdings, Inc. and changed its name to Altra Industrial Motion Corp. in November 2013. Altra Industrial Motion Corp. was incorporated in 2004 and is headquartered in Braintree, Massachusetts.

Details
Name: Altra Industrial Motion Corp.
XQB
Exchange: DB
Founded: 2004
$1,192,315,521
64,666,277
Website: http://www.altramotion.com
Address: Altra Industrial Motion Corp.
300 Granite Street,
Suite 201,
Braintree,
Massachusetts, 02184,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS AIMC Common Stock Nasdaq Global Select US USD 15. Dec 2006
DB XQB Common Stock Deutsche Boerse AG DE EUR 15. Dec 2006
BMV AIMC * Common Stock Bolsa Mexicana de Valores MX MXN 15. Dec 2006
Number of employees
Current staff
Staff numbers
9,200
Altra Industrial Motion employees.
Industry
Industrial Machinery
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/09 02:38
End of day share price update: 2020/04/08 00:00
Last estimates confirmation: 2020/04/06
Last earnings filing: 2020/02/27
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.