Altium Limited develops and sells computer software for the design of electronic products in the United States and internationally.
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$37.96|
|52 Week High||AU$23.66|
|52 Week Low||AU$40.18|
|1 Month Change||5.01%|
|3 Month Change||14.65%|
|1 Year Change||-3.51%|
|3 Year Change||85.80%|
|5 Year Change||384.18%|
|Change since IPO||1,213.50%|
Recent News & Updates
Something To Consider Before Buying Altium Limited (ASX:ALU) For The 1.4% Dividend
Today we'll take a closer look at Altium Limited ( ASX:ALU ) from a dividend investor's perspective. Owning a strong...
|ALU||AU Software||AU Market|
Return vs Industry: ALU underperformed the Australian Software industry which returned 28.7% over the past year.
Return vs Market: ALU underperformed the Australian Market which returned 21.4% over the past year.
Stable Share Price: ALU is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: ALU's weekly volatility (6%) has been stable over the past year.
About the Company
Altium Limited develops and sells computer software for the design of electronic products in the United States and internationally. It operates through Board and Systems; Microcontrollers and Embedded Systems; and Nexar segments. The company offers printed circuit board (PCB) design software products, including Altium Designer, Altium NEXUS, CircuitStudio, and CircuitMaker.
Altium Fundamentals Summary
|ALU fundamental statistics|
Is ALU overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|ALU income statement (TTM)|
|Cost of Revenue||US$95.45m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.27|
|Net Profit Margin||19.57%|
How did ALU perform over the long term?See historical performance and comparison
1.0%Current Dividend Yield
Is Altium undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: ALU (A$37.96) is trading above our estimate of fair value (A$24.57)
Significantly Below Fair Value: ALU is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: ALU is poor value based on its PE Ratio (106x) compared to the Australian Software industry average (45.8x).
PE vs Market: ALU is poor value based on its PE Ratio (106x) compared to the Australian market (19.8x).
Price to Earnings Growth Ratio
PEG Ratio: ALU is poor value based on its PEG Ratio (4.2x)
Price to Book Ratio
PB vs Industry: ALU is overvalued based on its PB Ratio (14.6x) compared to the AU Software industry average (5.2x).
How is Altium forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ALU's forecast earnings growth (24.9% per year) is above the savings rate (1.9%).
Earnings vs Market: ALU's earnings (24.9% per year) are forecast to grow faster than the Australian market (11.5% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: ALU's revenue (16.2% per year) is forecast to grow faster than the Australian market (5.3% per year).
High Growth Revenue: ALU's revenue (16.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ALU's Return on Equity is forecast to be high in 3 years time (26.6%)
How has Altium performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ALU has high quality earnings.
Growing Profit Margin: ALU's current net profit margins (19.6%) are higher than last year (11.7%).
Past Earnings Growth Analysis
Earnings Trend: ALU's earnings have grown by 4.9% per year over the past 5 years.
Accelerating Growth: ALU's earnings growth over the past year (78.8%) exceeds its 5-year average (4.9% per year).
Earnings vs Industry: ALU earnings growth over the past year (78.8%) exceeded the Software industry 37.5%.
Return on Equity
High ROE: ALU's Return on Equity (13.8%) is considered low.
How is Altium's financial position?
Financial Position Analysis
Short Term Liabilities: ALU's short term assets ($265.8M) exceed its short term liabilities ($109.3M).
Long Term Liabilities: ALU's short term assets ($265.8M) exceed its long term liabilities ($17.9M).
Debt to Equity History and Analysis
Debt Level: ALU is debt free.
Reducing Debt: ALU has not had any debt for past 5 years.
Debt Coverage: ALU has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: ALU has no debt, therefore coverage of interest payments is not a concern.
What is Altium current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ALU's dividend (1.01%) isn’t notable compared to the bottom 25% of dividend payers in the Australian market (2.27%).
High Dividend: ALU's dividend (1.01%) is low compared to the top 25% of dividend payers in the Australian market (5.31%).
Stability and Growth of Payments
Stable Dividend: ALU is not paying a notable dividend for the Australian market, therefore no need to check if payments are stable.
Growing Dividend: ALU is not paying a notable dividend for the Australian market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: ALU is not paying a notable dividend for the Australian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of ALU's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Aram Mirkazemi, BE, has been the Chief Executive Officer at Altium Limited since January 16, 2014. Mr. Mirkazemi served as Chief Technology Officer of Altium Ltd. since October 16, 2012 until January 1...
CEO Compensation Analysis
Compensation vs Market: Aram's total compensation ($USD1.01M) is below average for companies of similar size in the Australian market ($USD1.79M).
Compensation vs Earnings: Aram's compensation has been consistent with company performance over the past year.
Experienced Management: ALU's management team is considered experienced (4.5 years average tenure).
Experienced Board: ALU's board of directors are considered experienced (5.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Altium Limited's employee growth, exchange listings and data sources
- Name: Altium Limited
- Ticker: ALU
- Exchange: ASX
- Founded: 1985
- Industry: Application Software
- Sector: Software
- Market Cap: AU$4.884b
- Shares outstanding: 131.47m
- Website: https://www.altium.com
Number of Employees
- Altium Limited
- 4225 Executive Square
- Level 7
- La Jolla
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/22 07:01|
|End of Day Share Price||2021/10/22 00:00|
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.