Alithya Group Inc.

TSX:ALYA Stock Report

Market Cap: CA$155.2m

Alithya Group Valuation

Is ALYA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ALYA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ALYA (CA$1.59) is trading below our estimate of fair value (CA$8.73)

Significantly Below Fair Value: ALYA is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ALYA?

Key metric: As ALYA is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for ALYA. This is calculated by dividing ALYA's market cap by their current revenue.
What is ALYA's PS Ratio?
PS Ratio0.3x
SalesCA$473.43m
Market CapCA$155.25m

Price to Sales Ratio vs Peers

How does ALYA's PS Ratio compare to its peers?

The above table shows the PS ratio for ALYA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.8x
CTS Converge Technology Solutions
0.2x1.4%CA$648.7m
PVT Pivotree
0.3x-3.7%CA$23.7m
NERD Nerds on Site
0.4xn/aCA$4.0m
THNC Thinkific Labs
2.1x12.9%CA$192.5m
ALYA Alithya Group
0.3x2.8%CA$155.2m

Price-To-Sales vs Peers: ALYA is good value based on its Price-To-Sales Ratio (0.3x) compared to the peer average (0.8x).

Price to Sales Ratio vs Industry

How does ALYA's PS Ratio compare vs other companies in the North American IT Industry?

33 CompaniesPrice / SalesEstimated GrowthMarket Cap
Industry Avg.1.9x9.6%
ALYA Alithya Group
 0.3x2.8%US$111.04m
ALYA 0.3xIndustry Avg. 1.9xNo. of Companies33PS0246810+
33 CompaniesEstimated GrowthMarket Cap
Industry Avg.1.9x14.8%
ALYA Alithya Group
 0.3x65.1%US$111.04m
No more companies

Price-To-Sales vs Industry: ALYA is good value based on its Price-To-Sales Ratio (0.3x) compared to the North American IT industry average (1.9x).

Price to Sales Ratio vs Fair Ratio

What is ALYA's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ALYA PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.3x
Fair PS Ratio0.9x

Price-To-Sales vs Fair Ratio: ALYA is good value based on its Price-To-Sales Ratio (0.3x) compared to the estimated Fair Price-To-Sales Ratio (0.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ALYA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCA$1.59
CA$2.83
+77.9%
16.1%CA$3.50CA$2.00n/a7
Nov ’25CA$1.81
CA$3.07
+69.7%
12.9%CA$3.50CA$2.50n/a7
Oct ’25CA$1.74
CA$3.07
+76.5%
12.9%CA$3.50CA$2.50n/a7
Sep ’25CA$1.88
CA$3.07
+63.4%
12.9%CA$3.50CA$2.50n/a7
Aug ’25CA$1.82
CA$3.07
+68.8%
12.9%CA$3.50CA$2.50n/a7
Jul ’25CA$2.14
CA$3.07
+43.5%
12.9%CA$3.50CA$2.50n/a7
Jun ’25CA$2.09
CA$2.85
+36.4%
17.5%CA$3.50CA$2.00n/a7
May ’25CA$2.12
CA$2.85
+34.4%
17.5%CA$3.50CA$2.00n/a7
Apr ’25CA$2.03
CA$2.85
+40.4%
17.5%CA$3.50CA$2.00n/a7
Mar ’25CA$1.96
CA$2.85
+45.4%
17.5%CA$3.50CA$2.00n/a7
Feb ’25CA$1.65
CA$2.66
+61.1%
16.8%CA$3.50CA$2.00n/a6
Jan ’25CA$1.76
CA$2.66
+51.0%
16.8%CA$3.50CA$2.00n/a6
Dec ’24CA$1.50
CA$2.66
+77.2%
16.8%CA$3.50CA$2.00n/a6
Nov ’24CA$1.89
CA$3.36
+77.7%
9.6%CA$3.75CA$2.75CA$1.816
Oct ’24CA$2.05
CA$3.40
+65.9%
8.6%CA$3.75CA$2.75CA$1.747
Sep ’24CA$2.33
CA$3.38
+45.2%
9.2%CA$3.75CA$2.75CA$1.886
Aug ’24CA$2.52
CA$3.65
+44.8%
7.1%CA$4.00CA$3.25CA$1.826
Jul ’24CA$2.17
CA$3.65
+68.2%
7.1%CA$4.00CA$3.25CA$2.146
Jun ’24CA$2.33
CA$3.64
+56.1%
7.9%CA$4.25CA$3.25CA$2.098
May ’24CA$2.45
CA$3.64
+48.5%
7.9%CA$4.25CA$3.25CA$2.128
Apr ’24CA$2.70
CA$3.71
+37.2%
9.0%CA$4.25CA$3.25CA$2.039
Mar ’24CA$2.47
CA$3.71
+50.0%
9.0%CA$4.25CA$3.25CA$1.969
Feb ’24CA$2.37
CA$3.59
+51.6%
12.5%CA$4.25CA$3.00CA$1.658
Jan ’24CA$2.03
CA$3.59
+77.0%
12.5%CA$4.25CA$3.00CA$1.768
Dec ’23CA$2.38
CA$3.68
+54.6%
11.3%CA$4.25CA$3.00CA$1.507
Nov ’23CA$2.45
CA$3.79
+54.5%
10.2%CA$4.50CA$3.25CA$1.897

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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