ENXTPA:ALO

Stock Analysis Report

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Executive Summary

Alstom SA develops and markets systems, equipment, and services for the transport sector in Europe, the Americas, Asia and Pacific, the Middle-East, and Africa.

Rewards

Earnings are forecast to grow 11.28% per year

Earnings have grown 62.6% per year over the past 5 years

Risk Analysis

No risks detected for ALO from our risk checks.


Snowflake Analysis

Flawless balance sheet with acceptable track record.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

1.0%

ALO

1.1%

FR Machinery

2.3%

FR Market


1 Year Return

1.3%

ALO

-3.5%

FR Machinery

-8.7%

FR Market

Return vs Industry: ALO exceeded the French Machinery industry which returned -4.1% over the past year.

Return vs Market: ALO exceeded the French Market which returned -8.6% over the past year.


Shareholder returns

ALOIndustryMarket
7 Day1.0%1.1%2.3%
30 Day0.5%0.9%-0.3%
90 Day16.2%17.3%21.3%
1 Year16.4%1.3%7.6%-3.5%-7.1%-8.7%
3 Year60.7%38.7%22.5%10.0%11.2%2.1%
5 Year88.1%61.0%46.9%30.1%28.6%11.4%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

21.08x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ALO (€41.88) is trading above our estimate of fair value (€40.11)

Significantly Below Fair Value: ALO is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: ALO is poor value based on its PE Ratio (21.1x) compared to the Machinery industry average (11.1x).

PE vs Market: ALO is poor value based on its PE Ratio (21.1x) compared to the French market (15x).


Price to Earnings Growth Ratio

PEG Ratio: ALO is poor value based on its PEG Ratio (1.9x)


Price to Book Ratio

PB vs Industry: ALO is overvalued based on its PB Ratio (2.9x) compared to the FR Machinery industry average (1.3x).


Next Steps

Future Growth

How is Alstom forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?

11.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ALO's forecast earnings growth (11.3% per year) is above the savings rate (0.6%).

Earnings vs Market: ALO's earnings (11.3% per year) are forecast to grow slower than the French market (13.5% per year).

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

Revenue vs Market: ALO's revenue (4.1% per year) is forecast to grow faster than the French market (3.9% per year).

High Growth Revenue: ALO's revenue (4.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ALO's Return on Equity is forecast to be low in 3 years time (13.7%).


Next Steps

Past Performance

How has Alstom performed over the past 5 years?

62.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ALO has high quality earnings.

Growing Profit Margin: ALO's current net profit margins (5.4%) are higher than last year (5.4%).


Past Earnings Growth Analysis

Earnings Trend: ALO has become profitable over the past 5 years, growing earnings by 62.6% per year.

Accelerating Growth: ALO's earnings growth over the past year (3.1%) is below its 5-year average (62.6% per year).

Earnings vs Industry: ALO earnings growth over the past year (3.1%) underperformed the Machinery industry 8.7%.


Return on Equity

High ROE: ALO's Return on Equity (13.6%) is considered low.


Next Steps

Financial Health

How is Alstom's financial position?


Financial Position Analysis

Short Term Liabilities: ALO's short term assets (€8.4B) exceed its short term liabilities (€7.8B).

Long Term Liabilities: ALO's short term assets (€8.4B) exceed its long term liabilities (€1.9B).


Debt to Equity History and Analysis

Debt Level: ALO's debt to equity ratio (31.3%) is considered satisfactory.

Reducing Debt: ALO's debt to equity ratio has reduced from 114.8% to 31.3% over the past 5 years.

Debt Coverage: ALO's debt is well covered by operating cash flow (45.7%).

Interest Coverage: ALO's interest payments on its debt are well covered by EBIT (10.7x coverage).


Balance Sheet


Next Steps

Dividend

What is Alstom current dividend yield, its reliability and sustainability?

1.59%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate ALO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ALO's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ALO's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ALO's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: ALO is not paying a notable dividend for the French market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ALO's dividend in 3 years as they are not forecast to pay a notable one for the French market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.3yrs

Average management tenure


CEO

Henri Poupart-Lafarge (51yo)

4.42yrs

Tenure

€3,377,612

Compensation

Mr. Henri Poupart-Lafarge has been Chief Executive Officer and Chairman at Alstom Transport Deutschland GmbH since February 1, 2016. Mr. Poupart-Lafarge has been Chief Executive Officer at Alstom Deutschla ...


CEO Compensation Analysis

Compensation vs Market: Henri's total compensation ($USD3.80M) is about average for companies of similar size in the French market ($USD3.90M).

Compensation vs Earnings: Henri's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Henri Poupart-Lafarge
Chairman & CEO4.42yrs€3.38m0.034% 3.2m
Laurent Martinez
CFO & Senior VP of Finance2yrsno datano data
Benjamin Fitoussi
Senior Vice President of Operations0.50yrno datano data
Alexandre Domingues
Chief Information & Transformation Officer2.5yrsno datano data
Emmanuelle Petrovic
Senior VP of Legal & General Counsel1.17yrsno datano data
Bruno Tourne
Vice President of Communicationsno datano datano data
Anne-Sophie Chauveau-Galas
Senior Vice President of Human Resources & Sustainable Development1.17yrsno datano data
Georg Gasteiger
Head of Alstom Power AGno datano datano data
Dominique Pouliquen
Chief Performance Officer3.92yrsno datano data
Jérôme Wallut
Senior Vice-President of North American Rail Transportation Business5.83yrsno datano data

2.3yrs

Average Tenure

51yo

Average Age

Experienced Management: ALO's management team is considered experienced (2.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Henri Poupart-Lafarge
Chairman & CEO4.42yrs€3.38m0.034% 3.2m
Gérard Hauser
Director17.33yrs€108.50k0.0015% 143.4k
Olivier Bouygues
Director14.08yrs€62.25k0.00088% 83.6k
Yann Delabrière
Independent Lead Director3yrs€139.50k0.00088% 83.6k
Yong Bi
Independent Director6yrs€87.50k0.00088% 83.6k
Sylvie Rucar
Independent Director5.08yrs€125.00k0.00088% 83.6k
Philippe Marien
Director12.33yrs€74.00kno data
Sylvie de Beaupuy
Independent Director3.5yrs€84.75k0.00088% 83.6k
Baudouin Prot
Independent Director2yrs€84.50k0.00088% 83.6k
Clotilde Delbos
Independent Director2yrs€76.25k0.00088% 83.6k

4.8yrs

Average Tenure

63.5yo

Average Age

Experienced Board: ALO's board of directors are considered experienced (4.8 years average tenure).


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Alstom SA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Alstom SA
  • Ticker: ALO
  • Exchange: ENXTPA
  • Founded: 1992
  • Industry: Construction Machinery and Heavy Trucks
  • Sector: Capital Goods
  • Market Cap: €9.500b
  • Shares outstanding: 226.84m
  • Website: https://www.alstom.com

Number of Employees


Location

  • Alstom SA
  • 48, rue Albert Dhalenne
  • St Ouen
  • Ile-de-France
  • 93400
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ALOENXTPA (Euronext Paris)YesOrdinary SharesFREURJun 1998
AOMDDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJun 1998
AOMF.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJun 1998
AOMDXTRA (XETRA Trading Platform)YesOrdinary SharesDEEURJun 1998
0J2RLSE (London Stock Exchange)YesOrdinary SharesGBEURJun 1998
ALOPBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJun 1998
ALSOWBAG (Wiener Boerse AG)YesOrdinary SharesATEURJun 1998
ALSOETLX (Eurotlx)YesOrdinary SharesITEURJun 1998
ALOSWX (SIX Swiss Exchange)YesOrdinary SharesCHCHFJun 1998
ALSM.YOTCPK (Pink Sheets LLC)ADRUSUSDOct 2008
AOMUBST (Boerse-Stuttgart)ADRDEEUROct 2008

Biography

Alstom SA develops and markets systems, equipment, and services for the transport sector in Europe, the Americas, Asia and Pacific, the Middle-East, and Africa. The company offers metros, tramways, tram-trains and LRVs, suburban trains, regional and intercity trains, high-speed trains, and locomotives, and electric buses; and signaling products, such as urban, mainline, and freight and mining signaling. It also provides tram, metro, and main line systems; and tracklaying and track solutions, catenary free and ground feeding solutions, electrification solutions, and electromechanical equipment. In addition, the company provides maintenance, modernization, parts and repair, and support services. Further, it offers various components, including bogies, motors and generators, propulsion systems, switchgears, auxiliary converters, traction transformers, components propulsion, and dampers; and asset optimization, connectivity, digital passenger, and security and city mobility solutions. Alstom SA was incorporated in 1992 and is headquartered in Saint-Ouen, France. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/03 20:48
End of Day Share Price2020/07/03 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


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.