Price movement of Allison Transmission
Allison Transmission Holdings (ALSN) has a market cap of $3.9 billion. ALSN fell by 2.8% to close at $22.92 per share as of February 18, 2016. The price movement on a weekly, monthly, and year-to-date (or YTD) basis is 3.8%, -0.48%, and -11.5%, respectively.
Technically, the stock has broken the support and is trading below all moving day averages. Currently, ALSN is trading 0.43% below its 20-day moving average, 5.8% below its 50-day moving average, and 17.2% below its 200-day moving average.
The Guggenheim Mid-Cap Core ETF (CZA) invests 0.66% of its holdings in Allison Transmission. The ETF tracks the Zacks Mid-Cap Core Index, a proprietary selected portfolio of 100 midcap stocks that seeks to outperform pure market-cap indexes. The YTD price movement of CZA was -7.8% as of February 17, 2016.
The market caps of Allison Transmission’s competitors are as follows:
Allison Transmission declared dividend
Allison Transmission declared a quarterly cash dividend of $0.15 per share on its common stock. The dividend will be paid on March 11, 2016, to shareholders of record at the close of business on February 29, 2016.
Performance of Allison Transmission in fiscal 4Q15 and fiscal 2015
Allison Transmission (ALSN) reported fiscal 4Q15 net sales of $478.2 million, a fall of 12.2% compared to net sales of $544.4 million in fiscal 4Q14. Its gross profit and operating income fell by 13.1% and 68.4%, respectively, in fiscal 4Q15, compared to fiscal 4Q14.
Its net income and EPS (earnings per share) fell to $13.0 million and $0.08, respectively, in fiscal 4Q15, compared to $50.5 million and $0.28, respectively, in fiscal 4Q14. It reported adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) of $170.1 million in fiscal 4Q15, a fall of 8.2% compared to fiscal 4Q14.
Fiscal 2015 results
In fiscal 2015, ALSN reported net sales of $1,985.8 million, a fall of 6.7% YoY (year-over-year). It reported trade name impairment and environmental remediation of $80.0 million and $14.0 million, respectively, in fiscal 2015. Its net income and EPS fell to $182.3 million and $1.03, respectively, in fiscal 2015, compared to $228.6 million and $1.25, respectively, in fiscal 2014.
Meanwhile, its cash and cash equivalents and inventories fell by 4.3% and 1.5%, respectively, in fiscal 2015. Its current ratio and debt-to-equity ratio rose to 2.0x and 2.7x, respectively, in fiscal 2015, compared to 1.8x and 2.3x, respectively, in fiscal 2014.
The PE (price-to-earnings) and PBV (price-to-book value) ratios of Allison Transmission were 22.3x and 3.1x, respectively, as of February 18, 2016.
Allison Transmission (ALSN) has made the following projections for fiscal 2016:
- net sales in the range of -6.5% to -9.5%
- adjusted EBITDA margin in the range of 32.5%– 34%
- adjusted free cash flow in the range of $400 million–$450 million
- capital expenditure in the range of $65 million–$75 million, which includes maintenance spending of ~$60 million
- cash income taxes in the range of $10 million–$15 million
Continue to the next part for a look at Lear Corporation.