ALTAIR ENGINEERING INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 83.58 USD | +0.49% |
|
+1.53% | -0.68% |
| Apr. 18 | Altair Engineering Acquires Cambridge Semantics | MT |
| Apr. 18 | Altair Engineering Inc. completed the acquisition of Cambridge Semantics Inc. | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 2,577 | 4,285 | 6,096 | 3,644 | 6,872 | 6,940 | - | - |
| Enterprise Value (EV) 1 | 2,533 | 4,263 | 5,882 | 3,634 | 6,712 | 6,581 | 6,417 | 6,117 |
| P/E ratio | -326 x | -416 x | -644 x | -82.7 x | -765 x | 220 x | 158 x | 109 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 5.62 x | 9.12 x | 11.5 x | 6.37 x | 11.2 x | 10.4 x | 9.55 x | 8.74 x |
| EV / Revenue | 5.52 x | 9.07 x | 11.1 x | 6.35 x | 11 x | 9.86 x | 8.83 x | 7.7 x |
| EV / EBITDA | 52.2 x | 74.4 x | 69 x | 33.5 x | 52 x | 44.5 x | 37 x | 28.3 x |
| EV / FCF | 117 x | 159 x | 109 x | 121 x | 57.3 x | 49.1 x | 38.2 x | 65.4 x |
| FCF Yield | 0.86% | 0.63% | 0.91% | 0.82% | 1.74% | 2.04% | 2.62% | 1.53% |
| Price to Book | 7.24 x | 11.3 x | 10 x | 6.39 x | 9.53 x | 8.67 x | 7.57 x | - |
| Nbr of stocks (in thousands) | 71,774 | 73,657 | 78,846 | 80,142 | 81,662 | 83,030 | - | - |
| Reference price 2 | 35.91 | 58.18 | 77.32 | 45.47 | 84.15 | 83.58 | 83.58 | 83.58 |
| Announcement Date | 2/27/20 | 2/25/21 | 2/24/22 | 2/23/23 | 2/22/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 458.9 | 469.9 | 532.2 | 572.2 | 612.7 | 667.1 | 726.4 | 794 |
| EBITDA 1 | 48.55 | 57.29 | 85.25 | 108.6 | 129.1 | 147.9 | 173.6 | 216.1 |
| EBIT 1 | 42.22 | 49.07 | 79.07 | 105.4 | 116.7 | 140.9 | 167.7 | 206.1 |
| Operating Margin | 9.2% | 10.44% | 14.86% | 18.41% | 19.04% | 21.12% | 23.09% | 25.96% |
| Earnings before Tax (EBT) 1 | 3.388 | 2.032 | -0.288 | -28.21 | 12.62 | 34.21 | 55.09 | - |
| Net income 1 | -7.542 | -10.5 | -8.794 | -43.43 | -8.926 | 17.95 | 41.34 | 68.82 |
| Net margin | -1.64% | -2.23% | -1.65% | -7.59% | -1.46% | 2.69% | 5.69% | 8.67% |
| EPS 2 | -0.1100 | -0.1400 | -0.1200 | -0.5500 | -0.1100 | 0.3804 | 0.5274 | 0.7700 |
| Free Cash Flow 1 | 21.73 | 26.79 | 53.77 | 29.92 | 117.1 | 134 | 167.9 | 93.5 |
| FCF margin | 4.74% | 5.7% | 10.1% | 5.23% | 19.11% | 20.09% | 23.12% | 11.78% |
| FCF Conversion (EBITDA) | 44.77% | 46.76% | 63.08% | 27.55% | 90.69% | 90.62% | 96.71% | 43.27% |
| FCF Conversion (Net income) | - | - | - | - | - | 746.68% | 406.16% | 135.85% |
| Dividend per Share | - | - | - | - | - | - | - | - |
| Announcement Date | 2/27/20 | 2/25/21 | 2/24/22 | 2/23/23 | 2/22/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 121.3 | 140.8 | 159.8 | 132.7 | 119.4 | 160.4 | 166 | 141.2 | 134 | 171.5 | 170.2 | 154.8 | 151.7 | 191.5 | 187 |
| EBITDA 1 | 14.83 | 23.96 | 46.59 | 16.44 | 6.829 | 38.74 | 43.06 | 17.06 | 15.45 | 53.57 | 39.41 | 25.13 | 24.66 | 58.14 | 47.38 |
| EBIT 1 | 13.32 | 21.27 | 44.81 | 36.42 | 4.285 | 35.71 | 40.86 | 15.2 | 16.78 | 49.46 | 37.78 | 23.93 | 21.69 | 57.38 | 46.76 |
| Operating Margin | 10.98% | 15.11% | 28.04% | 27.46% | 3.59% | 22.26% | 24.61% | 10.77% | 12.52% | 28.84% | 22.19% | 15.46% | 14.29% | 29.97% | 25.01% |
| Earnings before Tax (EBT) 1 | -5.087 | 2.685 | 18.06 | -29.88 | -28.67 | 12.27 | 7.273 | -13.6 | -10.9 | 29.85 | 11.17 | -2.406 | -3.972 | 29.46 | 23.44 |
| Net income 1 | -8.109 | -1.397 | 11.53 | -33.77 | -33.25 | 12.06 | -1.959 | -22.28 | -4.362 | 19.68 | 6.867 | -3.603 | -5.348 | 22.62 | 15.2 |
| Net margin | -6.68% | -0.99% | 7.21% | -25.46% | -27.86% | 7.52% | -1.18% | -15.78% | -3.26% | 11.47% | 4.03% | -2.33% | -3.53% | 11.81% | 8.13% |
| EPS 2 | -0.1100 | -0.0200 | 0.1300 | -0.4300 | -0.4200 | 0.1400 | -0.0200 | -0.2800 | -0.0500 | 0.2200 | 0.1194 | -0.004920 | -0.0174 | 0.2830 | 0.2067 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/4/21 | 2/24/22 | 5/5/22 | 8/4/22 | 11/3/22 | 2/23/23 | 5/4/23 | 8/3/23 | 11/2/23 | 2/22/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 44.4 | 22.2 | 214 | 10.5 | 160 | 359 | 523 | 823 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 21.7 | 26.8 | 53.8 | 29.9 | 117 | 134 | 168 | 93.5 |
| ROE (net income / shareholders' equity) | 7.66% | 6.95% | 11.6% | 12.8% | 15.4% | 15.3% | 14.9% | - |
| ROA (Net income/ Total Assets) | 4.04% | 3.24% | 5.78% | 6.39% | 7.69% | 8.38% | 8.68% | - |
| Assets 1 | -186.8 | -324.1 | -152.1 | -680.2 | -116 | 214.3 | 476.2 | - |
| Book Value Per Share 2 | 4.960 | 5.170 | 7.740 | 7.120 | 8.830 | 9.640 | 11.00 | - |
| Cash Flow per Share 2 | 0.4400 | 0.4500 | 0.8100 | 0.5000 | 1.580 | 1.580 | 1.910 | - |
| Capex 1 | 9.66 | 6.09 | 7.85 | 9.65 | 10.2 | 11.3 | 12.8 | 15 |
| Capex / Sales | 2.1% | 1.3% | 1.47% | 1.69% | 1.66% | 1.7% | 1.76% | 1.89% |
| Announcement Date | 2/27/20 | 2/25/21 | 2/24/22 | 2/23/23 | 2/22/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
11
Last Close Price
83.58
USD
Average target price
93.57
USD
Spread / Average Target
+11.95%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -0.68% | 6.94B | |
| -12.23% | 194B | |
| +0.74% | 166B | |
| +2.19% | 153B | |
| +4.34% | 99.85B | |
| +7.04% | 77.56B | |
| +19.09% | 73.55B | |
| -7.30% | 71B | |
| -20.54% | 52.81B | |
| +0.53% | 47.86B |
- Stock Market
- Equities
- ALTR Stock
- Financials Altair Engineering Inc.
