Declared Dividend • May 10
Dividend of €1.50 announced Dividend of €1.50 is the same as last year. Ex-date: 22nd June 2026 Payment date: 24th June 2026 Dividend yield will be 2.5%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (49% earnings payout ratio) and cash flows (17% cash payout ratio). The dividend has increased by an average of 4.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 85% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • May 07
Alten S.A., Annual General Meeting, Jun 18, 2026 Alten S.A., Annual General Meeting, Jun 18, 2026. Location: 28 avenue andre morizet, boulogne billancourt France Reported Earnings • May 05
Full year 2025 earnings released: EPS: €3.07 (vs €5.37 in FY 2024) Full year 2025 results: EPS: €3.07 (down from €5.37 in FY 2024). Revenue: €4.10b (down 1.1% from FY 2024). Net income: €106.9m (down 43% from FY 2024). Profit margin: 2.6% (down from 4.5% in FY 2024). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the IT industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €60.20, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 11x in the IT industry in the United Kingdom. Total loss to shareholders of 57% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €118 per share. Reported Earnings • Feb 25
Full year 2025 earnings released Full year 2025 results: Revenue: €4.10b (down 1.1% from FY 2024). Net income: €106.9m (down 43% from FY 2024). Profit margin: 2.6% (down from 4.5% in FY 2024). Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the IT industry in the United Kingdom. Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €61.05, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 17x in the IT industry in the United Kingdom. Total loss to shareholders of 56% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €61.52 per share. Buy Or Sell Opportunity • Jan 30
Now 37% overvalued after recent price rise Over the last 90 days, the stock has risen 14% to €81.43. The fair value is estimated to be €59.44, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.5% over the last 3 years. Earnings per share has declined by 30%. For the next 3 years, revenue is forecast to grow by 3.2% per annum. Earnings are also forecast to grow by 16% per annum over the same time period. Aankondiging • Oct 24
Alten S.A. to Report Q4, 2025 Results on Jan 29, 2026 Alten S.A. announced that they will report Q4, 2025 results on Jan 29, 2026 Reported Earnings • Sep 26
First half 2025 earnings released First half 2025 results: Revenue: €2.08b (down 1.1% from 1H 2024). Net income: €82.6m (down 30% from 1H 2024). Profit margin: 4.0% (down from 5.6% in 1H 2024). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the IT industry in the United Kingdom. New Risk • Aug 03
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.2% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Buy Or Sell Opportunity • Jul 11
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.7% to €77.20. The fair value is estimated to be €98.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has declined by 9.8%. For the next 3 years, revenue is forecast to grow by 2.1% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Upcoming Dividend • Jun 09
Upcoming dividend of €1.50 per share Eligible shareholders must have bought the stock before 16 June 2025. Payment date: 18 June 2025. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of British dividend payers (5.6%). Lower than average of industry peers (3.1%). Declared Dividend • May 02
Dividend of €1.50 announced Dividend of €1.50 is the same as last year. Ex-date: 16th June 2025 Payment date: 18th June 2025 Dividend yield will be 2.0%, which is lower than the industry average of 2.4%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (13% cash payout ratio). The dividend has increased by an average of 4.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 47% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • May 02
Alten S.A., Annual General Meeting, Jun 12, 2025 Alten S.A., Annual General Meeting, Jun 12, 2025. Location: 28 avenue andre morizet, boulogne billancourt France Aankondiging • Apr 30
Alten S.A. announces Annual dividend, payable on June 18, 2025 Alten S.A. announced Annual dividend of EUR 1.5000 per share payable on June 18, 2025, ex-date on June 16, 2025 and record date on June 17, 2025. Reported Earnings • Apr 28
Full year 2024 earnings released: EPS: €5.37 (vs €6.80 in FY 2023) Full year 2024 results: EPS: €5.37 (down from €6.80 in FY 2023). Revenue: €4.14b (up 1.8% from FY 2023). Net income: €186.4m (down 20% from FY 2023). Profit margin: 4.5% (down from 5.7% in FY 2023). Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the IT industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings. New Risk • Apr 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 8.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.6% average weekly change). Large one-off items impacting financial results. Buy Or Sell Opportunity • Mar 06
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 41% to €114. The fair value is estimated to be €90.72, however this is not to be taken as a sell recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 4.0% per annum. Earnings are also forecast to grow by 16% per annum over the same time period. New Risk • Feb 22
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 22% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • Dec 10
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to €81.28. The fair value is estimated to be €102, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 14%. Revenue is forecast to grow by 0.7% in 2 years. Earnings are forecast to grow by 7.2% in the next 2 years. Aankondiging • Dec 02
Alten S.A. (ENXTPA:ATE) completed the acquisition of Wordgrid Solutions Limited from Atos SE (ENXTPA:ATO). Alten S.A. (ENXTPA:ATE) signed a Share and Asset Purchase Agreement to acquire Worldgrid Solutions Limited from Atos SE (ENXTPA:ATO) for an enterprise value of €270 million on November 5, 2024.
For the year ended on December 31, 2023, Worldgrid Solutions realized revenue of €170 million. The necessary social processes with employee representative bodies have been finalized, and regulatory approvals have been obtained.
The transaction is expected to close before the end of 2024.
Alten S.A. (ENXTPA:ATE) completed the acquisition of Wordgrid Solutions Limited from Atos SE (ENXTPA:ATO) on December 2, 2024. Aankondiging • Nov 05
Alten S.A. (ENXTPA:ATE) signed a Share and Asset Purchase Agreement to acquire Worldgrid Solutions Limited from Atos SE (ENXTPA:ATO) for €270 million. Alten S.A. (ENXTPA:ATE) signed a Share and Asset Purchase Agreement to acquire Worldgrid Solutions Limited from Atos SE (ENXTPA:ATO) for €270 million on November 5, 2024.
The necessary social processes with employee representative bodies have been finalized, and regulatory approvals have been obtained.
The transaction is expected to close before the end of 2024. Aankondiging • Oct 25
Alten S.A. to Report Fiscal Year 2024 Results on Feb 21, 2025 Alten S.A. announced that they will report fiscal year 2024 results at 5:40 PM, Central European Standard Time on Feb 21, 2025 Reported Earnings • Sep 22
First half 2024 earnings released: EPS: €3.40 (vs €3.25 in 1H 2023) First half 2024 results: EPS: €3.40 (up from €3.25 in 1H 2023). Revenue: €2.11b (up 2.9% from 1H 2023). Net income: €118.2m (up 6.4% from 1H 2023). Profit margin: 5.6% (up from 5.4% in 1H 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the IT industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Aankondiging • Sep 20
Alten S.A. to Report Q3, 2024 Results on Oct 24, 2024 Alten S.A. announced that they will report Q3, 2024 results After-Market on Oct 24, 2024 Upcoming Dividend • Jun 17
Upcoming dividend of €1.50 per share Eligible shareholders must have bought the stock before 24 June 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of British dividend payers (5.7%). Lower than average of industry peers (2.3%). Buy Or Sell Opportunity • Jun 12
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 17% to €112. The fair value is estimated to be €143, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 37%. For the next 3 years, revenue is forecast to grow by 5.5% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Reported Earnings • Apr 30
Full year 2023 earnings released Full year 2023 results: Revenue: €4.07b (up 7.6% from FY 2022). Net income: €233.2m (down 49% from FY 2022). Profit margin: 5.7% (down from 12% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the IT industry in the United Kingdom. Reported Earnings • Feb 25
Full year 2023 earnings released Full year 2023 results: Revenue: €4.07b (up 7.6% from FY 2022). Net income: €233.2m (down 49% from FY 2022). Profit margin: 5.7% (down from 12% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the IT industry in the United Kingdom. Buying Opportunity • Dec 08
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 6.9%. The fair value is estimated to be €159, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 52%. Revenue is forecast to grow by 13% in 2 years. Earnings is forecast to decline by 28% in the next 2 years. Aankondiging • Nov 07
Alten S.A. (ENXTPA:ATE) acquired East Japan Institute of Technology Co.,Ltd. from Ant Bridge No.4-A Private Equity Secondary Investment Fund, Limited Partnership, managed by Ant Capital Partners Co., Ltd. Alten S.A. (ENXTPA:ATE) acquired East Japan Institute of Technology Co.,Ltd. from Ant Bridge No.4-A Private Equity Secondary Investment Fund, Limited Partnership, managed by Ant Capital Partners Co., Ltd. on October 31, 2023. East Japan Institute of Technology has reported sales of ¥6.33 billion for year ending June 2023.
Alten S.A. (ENXTPA:ATE) completed the acquisition of East Japan Institute of Technology Co.,Ltd. from Ant Bridge No.4-A Private Equity Secondary Investment Fund, Limited Partnership, managed by Ant Capital Partners Co., Ltd. on October 31, 2023. Reported Earnings • Sep 26
First half 2023 earnings released: EPS: €3.25 (vs €4.09 in 1H 2022) First half 2023 results: EPS: €3.25 (down from €4.09 in 1H 2022). Revenue: €2.05b (up 12% from 1H 2022). Net income: €111.1m (down 20% from 1H 2022). Profit margin: 5.4% (down from 7.6% in 1H 2022). Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the IT industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Sep 18
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 13%. The fair value is estimated to be €162, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 41%. For the next 3 years, revenue is forecast to grow by 8.0% per annum. Earnings is forecast to decline by 9.3% per annum over the same time period. Aankondiging • Aug 03
Alten S.A. (ENXTPA:ATE) acquired Accord Global Technology Solutions Private Limited from Accord Group. Alten S.A. (ENXTPA:ATE) acquired Accord Global Technology Solutions Private Limited from Accord Group on August 2, 2023.Alten S.A. (ENXTPA:ATE) completed the acquisition of Accord Global Technology Solutions Private Limited from Accord Group on August 2, 2023. Upcoming Dividend • Jun 27
Upcoming dividend of €1.50 per share at 1.1% yield Eligible shareholders must have bought the stock before 04 July 2023. Payment date: 06 July 2023. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of British dividend payers (6.0%). Lower than average of industry peers (2.5%). Reported Earnings • Feb 27
Full year 2022 earnings released Full year 2022 results: Revenue: €3.78b (up 29% from FY 2021). Net income: €457.6m (up 120% from FY 2021). Profit margin: 12% (up from 7.1% in FY 2021). Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 16% growth forecast for the IT industry in the United Kingdom. Buying Opportunity • Dec 20
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 1.6%. The fair value is estimated to be €146, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.0% over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 7.5% per annum. Earnings is also forecast to grow by 6.3% per annum over the same time period. Buying Opportunity • Dec 05
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 1.2%. The fair value is estimated to be €154, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.0% over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 7.5% per annum. Earnings is also forecast to grow by 6.3% per annum over the same time period. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Director Maryvonne Labeille was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Sep 24
First half 2022 earnings released: EPS: €0 (vs €2.64 in 1H 2021) First half 2022 results: EPS: €0. Revenue: €1.83b (up 31% from 1H 2021). Net income: €139.0m (up 56% from 1H 2021). Profit margin: 7.6% (up from 6.4% in 1H 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 16% growth forecast for the IT industry in the United Kingdom. Upcoming Dividend • Jun 20
Upcoming dividend of €1.30 per share Eligible shareholders must have bought the stock before 27 June 2022. Payment date: 29 June 2022. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of British dividend payers (5.1%). Lower than average of industry peers (2.6%). Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 3 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Director Maryvonne Labeille was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Feb 27
Full year 2021 earnings: Revenues in line with analyst expectations Full year 2021 results: Revenue: €2.93b (up 25% from FY 2020). Net income: €207.9m (up 112% from FY 2020). Profit margin: 7.1% (up from 4.2% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 16%, compared to a 18% growth forecast for the industry in the United Kingdom. Reported Earnings • Sep 24
First half 2021 earnings released: EPS €2.64 (vs €1.80 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €1.40b (up 13% from 1H 2020). Net income: €89.3m (up 47% from 1H 2020). Profit margin: 6.4% (up from 4.9% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jul 29
Investor sentiment improved over the past week After last week's 15% share price gain to €132, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 39x in the IT industry in the United Kingdom. Total returns to shareholders of 58% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €90.55 per share. Upcoming Dividend • May 26
Upcoming dividend of €1.00 per share Eligible shareholders must have bought the stock before 02 June 2021. Payment date: 04 June 2021. Trailing yield: 1.0%. Lower than top quartile of British dividend payers (4.1%). Lower than average of industry peers (1.9%). Analyst Estimate Surprise Post Earnings • Feb 27
Revenue misses expectations Revenue missed analyst estimates by 0.1%. Over the next year, revenue is forecast to grow 8.0%, compared to a 10% growth forecast for the IT industry in the United Kingdom. Reported Earnings • Feb 27
Full year 2020 earnings released The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €2.33b (down 11% from FY 2019). Net income: €98.0m (down 40% from FY 2019). Profit margin: 4.2% (down from 6.3% in FY 2019). The decrease in margin was driven by lower revenue. Is New 90 Day High Low • Feb 23
New 90-day low: €86.95 The company is down 5.0% from its price of €91.20 on 25 November 2020. The British market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €40.33 per share. Is New 90 Day High Low • Jan 07
New 90-day high: €96.25 The company is up 13% from its price of €85.55 on 09 October 2020. The British market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €37.74 per share. Is New 90 Day High Low • Dec 18
New 90-day high: €95.53 The company is up 30% from its price of €73.70 on 18 September 2020. The British market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €36.98 per share. Is New 90 Day High Low • Nov 11
New 90-day high: €88.00 The company is up 25% from its price of €70.20 on 12 August 2020. The British market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €32.80 per share. Valuation Update With 7 Day Price Move • Nov 10
Market bids up stock over the past week After last week's 20% share price gain to €83.25, the stock is trading at a trailing P/E ratio of 18.7x, up from the previous P/E ratio of 15.6x. This compares to an average P/E of 30x in the IT industry in the United Kingdom. Total returns to shareholders over the past three years are 17%. Valuation Update With 7 Day Price Move • Oct 30
Market pulls back on stock over the past week After last week's 15% share price decline to €68.10, the stock is trading at a trailing P/E ratio of 15.6x, down from the previous P/E ratio of 18.4x. This compares to an average P/E of 30x in the IT industry in the United Kingdom. Total return to shareholders over the past three years is a loss of 5.9%. Reported Earnings • Sep 27
First half earnings released Over the last 12 months the company has reported total profits of €148.5m, down 6.8% from the prior year. Total revenue was €2.57b over the last 12 months, up 4.4% from the prior year. Is New 90 Day High Low • Sep 26
New 90-day high: €78.10 The company is up 1.0% from its price of €77.15 on 26 June 2020. The British market is down 3.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the IT industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €51.44 per share. 
