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ALTG - Alta Equipment: Growth At A Reasonable Price
Alta Equipment Group Inc. Class A
Alta Equipment has the potential to improve its profitability in the future, as the revenue contribution from high-margin parts sales and service sales increases over time.
M&A is another key growth driver for Alta Equipment, with the company having done seven acquisitions in 2020 at a reasonable average valuation of 4.4 times EV/EBITDA.
Alta Equipment trades at consensus forward FY 2021 EV/EBITDA and Enterprise Value-to-Revenue of 7.1 times and 0.8 times, respectively.