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ALU Stock Overview

Develops and sells computer software for the design of electronic products in the United States and internationally. More details

ALU fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	5/6
Past Performance	3/6
Financial Health	6/6
Dividends	0/6

Rewards

Trading at 9.2% below our estimate of its fair value

Earnings are forecast to grow 20.11% per year

Earnings grew by 12% over the past year

Risk Analysis

High level of non-cash earnings

My Notes

Capture your thoughts, links and company narrative

Altium Limited Competitors

Technology One

ASX:TNE

AU$10.1b

Xero

ASX:XRO

AU$25.8b

WiseTech Global

ASX:WTC

AU$41.1b

Objective

ASX:OCL

AU$1.6b

Price History & Performance

Summary of share price highs, lows and changes for Altium
Historical stock prices
Current Share Price	AU$68.31
52 Week High	AU$68.33
52 Week Low	AU$36.08
Beta	0.45
1 Month Change	0.23%
3 Month Change	3.64%
1 Year Change	81.43%
3 Year Change	94.95%
5 Year Change	110.64%
Change since IPO	3,033.49%

Recent updates

Shareholder Returns

	ALU	AU Software	AU Market
7D	0%	2.4%	0.7%
1Y	81.4%	60.5%	6.8%

Return vs Industry: ALU exceeded the Australian Software industry which returned 18.2% over the past year.

Return vs Market: ALU exceeded the Australian Market which returned 9.8% over the past year.

Price Volatility

Is ALU's price volatile compared to industry and market?
ALU volatility
ALU Average Weekly Movement	0.4%
Software Industry Average Movement	9.2%
Market Average Movement	8.0%
10% most volatile stocks in AU Market	16.8%
10% least volatile stocks in AU Market	3.0%

Stable Share Price: ALU has not had significant price volatility in the past 3 months.

Volatility Over Time: ALU's weekly volatility has decreased from 6% to 0% over the past year.

About the Company

Founded	Employees	CEO	Website
1985	n/a	Aram Mirkazemi	www.altium.com

Altium Limited develops and sells computer software for the design of electronic products in the United States and internationally. It operates through two segments: Design Software; and Cloud Platform. The company offers printed circuit board (PCB) design software products, including Altium Designer, Altium 365 viewer, CircuitStudio, and CircuitMaker.

Altium Limited Fundamentals Summary

How do Altium's earnings and revenue compare to its market cap?
ALU fundamental statistics
Market cap	AU$9.01b
Earnings (TTM)	AU$106.81m
Revenue (TTM)	AU$432.40m

84.4x

P/E Ratio

20.8x

P/S Ratio

Is ALU overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ALU income statement (TTM)
Revenue	US$282.30m
Cost of Revenue	US$139.77m
Gross Profit	US$142.53m
Other Expenses	US$72.80m
Earnings	US$69.73m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	0.53
Gross Margin	50.49%
Net Profit Margin	24.70%
Debt/Equity Ratio	0%

How did ALU perform over the long term?

See historical performance and comparison

Dividends

0.8%

Current Dividend Yield

74%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/08/01 03:49
End of Day Share Price	2024/08/01 00:00
Earnings	2023/12/31
Annual Earnings	2023/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Altium Limited is covered by 21 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Russell Wright	APP Securities Pty Ltd.
Russell Wright	Barclay Pearce Capital Pty Limited
Ware Kuo	BofA Global Research

This company listing is no longer active

ALU Stock Overview

Rewards

Risk Analysis

Altium Limited Competitors

ASX:TNE

AU$10.1b

ASX:XRO

AU$25.8b

ASX:WTC

AU$41.1b

ASX:OCL

AU$1.6b

Price History & Performance

Recent News & Updates

Renesas Electronics Corporation (TSE:6723) completed the acquisition of Altium Limited (ASX:ALU) from Hsbc Custody Nominees (Australia) Limited, J.P. Morgan Nominees Australia Limited, Citicorp Nominees Pty. Ltd., National Nominees Limited and others.

Altium Limited(ASX:ALU) dropped from FTSE All-World Index (USD)

First half dividend of AU$0.30 announced

First half 2024 earnings released: EPS: US$0.25 (vs US$0.23 in 1H 2023)

New major risk - Earnings quality

Renesas Electronics Corporation (TSE:6723) entered into a Scheme Implementation Agreement to acquire Altium Limited (ASX:ALU) from Hsbc Custody Nominees (Australia) Limited, J.P. Morgan Nominees Australia Limited, Citicorp Nominees Pty. Ltd., National Nominees Limited and others for AUD 9 billion.

Recent updates

Renesas Electronics Corporation (TSE:6723) completed the acquisition of Altium Limited (ASX:ALU) from Hsbc Custody Nominees (Australia) Limited, J.P. Morgan Nominees Australia Limited, Citicorp Nominees Pty. Ltd., National Nominees Limited and others.

Altium Limited(ASX:ALU) dropped from FTSE All-World Index (USD)

First half dividend of AU$0.30 announced

First half 2024 earnings released: EPS: US$0.25 (vs US$0.23 in 1H 2023)

New major risk - Earnings quality

Renesas Electronics Corporation (TSE:6723) entered into a Scheme Implementation Agreement to acquire Altium Limited (ASX:ALU) from Hsbc Custody Nominees (Australia) Limited, J.P. Morgan Nominees Australia Limited, Citicorp Nominees Pty. Ltd., National Nominees Limited and others for AUD 9 billion.

Altium Limited to Report First Half, 2024 Results on Feb 27, 2024

Now 40% overvalued after recent price rise

Renesas Electronics Corporation (TSE:6723) entered into a Scheme Implementation Agreement to acquire Altium Limited (ASX:ALU) from Hsbc Custody Nominees (Australia) Limited, J.P. Morgan Nominees Australia Limited, Citicorp Nominees Pty. Ltd., National Nominees Limited and others for AUD 9 billion.

Altium Launches Altium 365 Bom Portal: Bridging the Gap Between Engineering and Procurement Teams

Altium Limited Announces Company Secretary Changes

Altium Limited Appoints Michael Hawker as Director, Effective 1 November 2023

High number of new directors

Altium Limited Provides Revenue Guidance for the Financial Year 2026

Investor sentiment improves as stock rises 30%

Upcoming dividend of AU$0.29 per share at 1.1% yield

Full year 2023 earnings released: EPS: US$0.50 (vs US$0.42 in FY 2022)

Altium Limited, Annual General Meeting, Nov 16, 2023

Now 20% undervalued

Altium Limited to Report Fiscal Year 2023 Results on Aug 21, 2023

Altium Limited to Report Fiscal Year 2023 Results on Aug 21, 2023

Upcoming dividend of AU$0.25 per share at 1.3% yield

First half 2023 earnings released: EPS: US$0.23 (vs US$0.17 in 1H 2022)

Altium Limited Declares Interim Dividend for the Half-Year Ended 31 December 2022, Payable on 21 March 2023

Altium Limited to Report First Half, 2023 Results on Feb 20, 2023

Upcoming dividend of AU$0.26 per share

Full year 2022 earnings released: EPS: US$0.42 (vs US$0.27 in FY 2021)

Altium Limited Declares Fully Franked Final Dividend for the Year Ended 30 June 2022, Payable on September 27, 2022

Altium Limited Announces Resignation of Alison Raffin as Company Secretary

Nexar, Business Unit of Altium LLC Announces Massive Cad Model Marketplace

Altium Limited, Annual General Meeting, Nov 17, 2022

Independent Non-Executive Director recently bought AU$59k worth of stock

Independent Non-Executive Director recently bought AU$71k worth of stock

Nexar, Business Unit of Altium LLC Unveils Spectra Data Intelligence Product Suite

Altium Announces Completion of SOC 2 Type 1 Certification for Altium 365

Upcoming dividend of AU$0.21 per share

Independent Non-Executive Chairman recently bought AU$129k worth of stock

First half 2022 earnings: EPS in line with analyst expectations despite revenue beat

Altium Limited Announces Ordinary Fully Paid Dividend for the Period of Six Months Ended December 31, 2021, Payable on March 22, 2022

Altium Announces Release of Altium Designer 22

Insufficient new directors

Altium Limited Provides Earnings Guidance for the Year 2021

Autodesk, Inc. (NasdaqGS:ADSK) made a non-binding, indicative and unsolicited proposal to acquire Altium Limited (ASX:ALU) for AUD 5.1 billion.

New 90-day low: AU$27.65

Upcoming Dividend of AU$0.19 Per Share

First half 2021 earnings released: EPS US$0.13 (vs US$0.14 in 1H 2020)

New 90-day low: AU$33.11

FSN Capital Partners AS entered into an Definitive Agreement to acquire Non-Core TASKING Business of Altium Limited (ASX:ALU) for $110 million.

New 90-day high: AU$38.18

Altium Appoints Sergey Kostinsky to the Role of President

Altium Accelerates IoT Hardware Development with Modular Design and Toradex Collaboration

Altium Limited to Report First Half, 2021 Results on Feb 15, 2021

Non-Executive Director recently bought AU$80k worth of stock

Full year earnings released - EPS AU$0.24

Altium Limited to Report Fiscal Year 2020 Results on Aug 17, 2020

Shareholder Returns

Price Volatility

About the Company