BME:ALC

Stock Analysis Report

Altia Consultores

Executive Summary

Altia Consultores, S.A. provides consulting and IT services in Spain.

Snowflake

Fundamentals

Flawless balance sheet with questionable track record.

Share Price & News

How has Altia Consultores's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

2.1%

ALC

4.6%

ES IT

3.7%

ES Market


1 Year Return

14.5%

ALC

-8.8%

ES IT

3.3%

ES Market

Return vs Industry: ALC exceeded the Spanish IT industry which returned -8.8% over the past year.

Return vs Market: ALC exceeded the Spanish Market which returned 3.3% over the past year.


Shareholder returns

ALCIndustryMarket
7 Day2.1%4.6%3.7%
30 Day-1.0%-0.5%1.6%
90 Day-9.2%-9.0%-0.3%
1 Year15.9%14.5%-7.5%-8.8%6.9%3.3%
3 Year31.5%26.2%49.3%43.6%16.6%5.9%
5 Year167.5%150.6%157.4%129.7%11.1%-9.7%

Price Volatility Vs. Market

How volatile is Altia Consultores's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Altia Consultores undervalued compared to its fair value and its price relative to the market?

20.21x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: ALC (€19.8) is trading above our estimate of fair value (€4.55)

Significantly Undervalued: ALC is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: ALC is good value based on its PE Ratio (20.2x) compared to the IT industry average (20.2x).

PE vs Market: ALC is poor value based on its PE Ratio (20.2x) compared to the Spanish market (16.6x).


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate ALC's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ALC is overvalued based on its PB Ratio (3.5x) compared to the ES IT industry average (2.8x).


Next Steps

Future Growth

How is Altia Consultores forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

9.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ALC's forecast earnings growth (9% per year) is above the savings rate (1.5%).

Earnings vs Market: ALC's earnings (9% per year) are forecast to grow faster than the Spanish market (7.4% per year).

High Growth Earnings: ALC's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if ALC's revenue is forecast to grow faster than the Spanish market.

High Growth Revenue: Insufficient data to determine if ALC's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if ALC's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Altia Consultores performed over the past 5 years?

11.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: ALC's earnings have grown by 11.3% per year over the past 5 years.

Accelerating Growth: ALC's earnings growth over the past year (10%) is below its 5-year average (11.3% per year).

Earnings vs Industry: ALC earnings growth over the past year (10%) underperformed the IT industry 13.2%.


Return on Equity

High ROE: ALC's Return on Equity (17.2%) is considered low.


Return on Assets

ROA vs Industry: ALC has a higher Return on Assets than the IT industry average last year.


Return on Capital Employed

ROCE Improving: ALC's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Altia Consultores's financial position?


Financial Position Analysis

Short Term Liabilities: ALC's short term assets (€41.3M) exceeds its short term liabilities (€10.8M)

Long Term Liabilities: ALC's short term assets (41.3M) exceeds its long term liabilities (325.4K)


Debt to Equity History and Analysis

Debt Level: ALC's debt to equity ratio (0.02%) is considered satisfactory

Reducing Debt: ALC's debt to equity ratio has reduced from 31.2% to 0.02% over the past 5 years.

Debt Coverage: ALC's debt is well covered by operating cash flow (58742.8%).

Interest Coverage: ALC's interest payments on its debt are well covered by EBIT (379.8x coverage).


Balance Sheet

Inventory Level: ALC has a low level of unsold assets or inventory.

Debt Coverage by Assets: ALC's debt is covered by short term assets (assets are 5349.071470x debt).


Next Steps

Dividend

What is Altia Consultores's current dividend yield, its reliability and sustainability?

1.52%

Current Dividend Yield


Dividend Yield vs Market

company1.5%marketbottom25%2.2%markettop25%5.6%industryaverage1.8%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: ALC's dividend (1.52%) isn’t notable compared to the bottom 25% of dividend payers in the Spanish market (2.24%).

High Dividend: ALC's dividend (1.52%) is low compared to the top 25% of dividend payers in the Spanish market (5.63%).

Stable Dividend: ALC has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: ALC's dividend payments have increased, but the company has only paid a dividend for 9 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (30.6%), ALC's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of Altia Consultores's salary, the management and board of directors tenure and is there insider trading?


CEO

Constantino Fernández Pico 0

0yrs

Tenure

0

Mr. Constantino Fernández Pico serves as the Chief Executive Officer, Executive Chairman and Executive Director of Altia Consultores, S.A. He was Managing Director at Altia Consultores, S.A. 


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Constantino Fernández Pico

    Executive Chairman & CEO

    • Tenure: 0yrs
  • Adela Pérez Verdugo

    Vice-Chairperson & Director of Quality

    • Tenure: 0yrs
  • Manuel Gomez-Reino Cachafeiro

    Secretary of the Board of Directors & Director

    • Tenure: 0yrs
  • Ignacio Cabanas López

    CFO, Vice-Secretary & Director

    • Tenure: 0yrs
  • Fidel Carrasco Hidalgo

    Director of Corporate Development & Director

    • Tenure: 0yrs
  • Ramón Emilio Costa Piñeiro

    Managed Services Director & Director

    • Tenure: 0yrs
  • Josefina Fernández Álvarez

    Operational Manager & Director

    • Tenure: 0yrs

Board Members

  • Constantino Fernández Pico

    Executive Chairman & CEO

    • Tenure: 0yrs
  • Adela Pérez Verdugo

    Vice-Chairperson & Director of Quality

    • Tenure: 0yrs
  • Manuel Gomez-Reino Cachafeiro

    Secretary of the Board of Directors & Director

    • Tenure: 0yrs
  • Ignacio Cabanas López

    CFO, Vice-Secretary & Director

    • Tenure: 0yrs
  • Fidel Carrasco Hidalgo

    Director of Corporate Development & Director

    • Tenure: 0yrs
  • Ramón Emilio Costa Piñeiro

    Managed Services Director & Director

    • Tenure: 0yrs
  • Josefina Fernández Álvarez

    Operational Manager & Director

    • Tenure: 0yrs
  • Luis Maria Huete Gómez

    Independent Director

    • Tenure: 0yrs
  • Carlos Bercedo Toledo

    Proprietary Director

    • Tenure: 0yrs
  • Teresa Mariño Garrido

    Independent Director

    • Tenure: 0yrs

Company Information

Altia Consultores, S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Altia Consultores, S.A.
  • Ticker: ALC
  • Exchange: BME
  • Founded: 1994
  • Industry: IT Consulting and Other Services
  • Sector: Software
  • Market Cap: €136.185m
  • Shares outstanding: 6.88m
  • Website: https://www.altia.es

Number of Employees


Location

  • Altia Consultores, S.A.
  • C/ Vulcano, 3
  • Oleiros
  • A Coruña
  • Galicia
  • 15172
  • Spain

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ALCBME (Bolsas y Mercados Espanoles)YesOrdinary SharesESEURDec 2010

Biography

Altia Consultores, S.A. provides consulting and IT services in Spain. The company offers studies, reports, creation of strategic plans, rationalization of processes, technological consultancy, security, te ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/15 21:07
End of Day Share Price2019/10/15 00:00
Earnings2018/12/31
Annual Earnings2018/12/31


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.