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Altran Technologies

ENXTPA:ALT
Snowflake Description

Reasonable growth potential second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ALT
ENXTPA
€4B
Market Cap
  1. Home
  2. FR
  3. Software
Company description

Altran Technologies S.A. offers engineering consulting services in France, other European countries, the Americas, and Asia. The last earnings update was 86 days ago. More info.


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  • Altran Technologies has significant price volatility in the past 3 months.
ALT Share Price and Events
7 Day Returns
2.2%
ENXTPA:ALT
0.7%
FR IT
0.2%
FR Market
1 Year Returns
66.2%
ENXTPA:ALT
-6.6%
FR IT
2.3%
FR Market
ALT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Altran Technologies (ALT) 2.2% 26.2% 28.3% 66.2% 14% 82.8%
FR IT 0.7% 11.3% 2.6% -6.6% 42.8% 117.6%
FR Market 0.2% 3.2% 0% 2.3% 33.8% 36.8%
1 Year Return vs Industry and Market
  • ALT outperformed the IT industry which returned -6.6% over the past year.
  • ALT outperformed the Market in France which returned 2.3% over the past year.
Price Volatility
ALT
Industry
5yr Volatility vs Market

Value

 Is Altran Technologies undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Altran Technologies to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Altran Technologies.

ENXTPA:ALT Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.8%
Perpetual Growth Rate 10-Year FR Government Bond Rate 0.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ENXTPA:ALT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year FR Govt Bond Rate 0.7%
Equity Risk Premium S&P Global 6.7%
IT Unlevered Beta Simply Wall St/ S&P Global 0.99
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.993 (1 + (1- 33%) (48.79%))
1.213
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.21
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.73% + (1.213 * 6.65%)
8.8%

Discounted Cash Flow Calculation for ENXTPA:ALT using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Altran Technologies is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

ENXTPA:ALT DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 8.8%)
2020 198.76 Analyst x8 182.69
2021 266.03 Analyst x6 224.75
2022 312.88 Est @ 17.61% 242.96
2023 352.13 Est @ 12.55% 251.33
2024 383.83 Est @ 9% 251.81
2025 408.87 Est @ 6.52% 246.54
2026 428.43 Est @ 4.78% 237.45
2027 443.72 Est @ 3.57% 226.04
2028 455.79 Est @ 2.72% 213.41
2029 465.46 Est @ 2.12% 200.32
Present value of next 10 years cash flows €2,277.30
ENXTPA:ALT DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €465.46 × (1 + 0.73%) ÷ (8.8% – 0.73%)
€5,814.62
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €5,814.62 ÷ (1 + 8.8%)10
€2,502.44
ENXTPA:ALT Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €2,277.30 + €2,502.44
€4,779.74
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €4,779.74 / 253.81
€18.83
ENXTPA:ALT Discount to Share Price
Calculation Result
Value per share (EUR) From above. €18.83
Current discount Discount to share price of €14.41
= -1 x (€14.41 - €18.83) / €18.83
23.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Altran Technologies is available for.
Intrinsic value
23%
Share price is €14.41 vs Future cash flow value of €18.83
Current Discount Checks
For Altran Technologies to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Altran Technologies's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Altran Technologies's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Altran Technologies's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Altran Technologies's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ENXTPA:ALT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €0.35
ENXTPA:ALT Share Price ** ENXTPA (2019-07-18) in EUR €14.41
France IT Industry PE Ratio Median Figure of 31 Publicly-Listed IT Companies 17.66x
France Market PE Ratio Median Figure of 415 Publicly-Listed Companies 17.51x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Altran Technologies.

ENXTPA:ALT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTPA:ALT Share Price ÷ EPS (both in EUR)

= 14.41 ÷ 0.35

41.1x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Altran Technologies is overvalued based on earnings compared to the FR IT industry average.
  • Altran Technologies is overvalued based on earnings compared to the France market.
Price based on expected Growth
Does Altran Technologies's expected growth come at a high price?
Raw Data
ENXTPA:ALT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 41.1x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
31.7%per year
France IT Industry PEG Ratio Median Figure of 25 Publicly-Listed IT Companies 1.29x
France Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.55x

*Line of best fit is calculated by linear regression .

ENXTPA:ALT PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 41.1x ÷ 31.7%

1.3x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Altran Technologies is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Altran Technologies's assets?
Raw Data
ENXTPA:ALT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €6.86
ENXTPA:ALT Share Price * ENXTPA (2019-07-18) in EUR €14.41
France IT Industry PB Ratio Median Figure of 36 Publicly-Listed IT Companies 2x
France Market PB Ratio Median Figure of 613 Publicly-Listed Companies 1.48x
ENXTPA:ALT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTPA:ALT Share Price ÷ Book Value per Share (both in EUR)

= 14.41 ÷ 6.86

2.1x

* Primary Listing of Altran Technologies.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Altran Technologies is overvalued based on assets compared to the FR IT industry average.
X
Value checks
We assess Altran Technologies's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the IT industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the IT industry average (and greater than 0)? (1 check)
  5. Altran Technologies has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Altran Technologies expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
31.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Altran Technologies expected to grow at an attractive rate?
  • Altran Technologies's earnings growth is expected to exceed the low risk savings rate of 0.7%.
Growth vs Market Checks
  • Altran Technologies's earnings growth is expected to exceed the France market average.
  • Altran Technologies's revenue growth is expected to exceed the France market average.
Annual Growth Rates Comparison
Raw Data
ENXTPA:ALT Future Growth Rates Data Sources
Data Point Source Value (per year)
ENXTPA:ALT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 31.7%
ENXTPA:ALT Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 7%
France IT Industry Earnings Growth Rate Market Cap Weighted Average 16.3%
France IT Industry Revenue Growth Rate Market Cap Weighted Average 6.6%
France Market Earnings Growth Rate Market Cap Weighted Average 12.7%
France Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ENXTPA:ALT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ENXTPA:ALT Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31 3,876 568 1
2021-12-31 3,648 356 252 6
2020-12-31 3,431 322 213 8
2019-12-31 3,249 293 166 9
ENXTPA:ALT Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 2,916 225 81
2018-09-30 2,713 88
2018-06-30 2,497 -22 95
2018-03-31 2,390 69 117
2017-12-31 2,295 161 140
2017-09-30 2,247 132
2017-06-30 2,198 153 125
2017-03-31 2,136 130 123
2016-12-31 2,074 107 121
2016-09-30 2,050 105 117
2016-06-30 2,025 102 113
2016-03-31 1,985 108 107

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Altran Technologies's earnings are expected to grow significantly at over 20% yearly.
  • Altran Technologies's revenue is expected to grow by 7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ENXTPA:ALT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from Altran Technologies Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTPA:ALT Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.99 1.03 0.92 4.00
2020-12-31 0.82 0.88 0.78 6.00
2019-12-31 0.65 0.72 0.60 7.00
ENXTPA:ALT Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 0.35
2018-09-30 0.40
2018-06-30 0.50
2018-03-31 0.65
2017-12-31 0.73
2017-09-30 0.72
2017-06-30 0.72
2017-03-31 0.71
2016-12-31 0.70
2016-09-30 0.68
2016-06-30 0.66
2016-03-31 0.62

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Altran Technologies is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Altran Technologies's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the France market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the France market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Altran Technologies has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Altran Technologies performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Altran Technologies's growth in the last year to its industry (IT).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Altran Technologies's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Altran Technologies's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Altran Technologies's 1-year earnings growth is negative, it can't be compared to the FR IT industry average.
Earnings and Revenue History
Altran Technologies's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Altran Technologies Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTPA:ALT Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 2,916.42 80.69 579.90
2018-09-30 2,713.18 87.94 539.80
2018-06-30 2,496.88 95.20 485.15
2018-03-31 2,389.54 117.42 463.57
2017-12-31 2,295.26 139.65 456.55
2017-09-30 2,246.51 132.12 446.86
2017-06-30 2,197.76 124.58 437.17
2017-03-31 2,135.91 122.83 417.58
2016-12-31 2,074.07 121.08 397.98
2016-09-30 2,049.50 117.12 388.02
2016-06-30 2,024.94 113.16 378.06
2016-03-31 1,985.01 106.83 372.45
2015-12-31 1,945.08 100.49 366.85
2015-09-30 1,896.96 96.59 351.17
2015-06-30 1,848.89 92.02 346.42
2015-03-31 1,802.57 87.22 336.99
2014-12-31 1,756.26 82.42 327.56
2014-09-30 1,720.86 80.38 328.65
2014-06-30 1,685.42 79.02 318.81
2014-03-31 1,659.10 72.41 317.17
2013-12-31 1,632.78 65.80 315.53
2013-09-30 1,582.63 57.81 306.76
2013-06-30 1,532.47 49.83 297.98
2013-03-31 1,494.17 58.62 290.25
2012-12-31 1,455.86 67.42 282.52
2012-09-30 1,447.50 47.92 280.47

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Altran Technologies has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Altran Technologies used its assets less efficiently than the FR IT industry average last year based on Return on Assets.
  • Altran Technologies's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Altran Technologies's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the IT industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Altran Technologies has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Altran Technologies's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Altran Technologies's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Altran Technologies is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Altran Technologies's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Altran Technologies's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Altran Technologies Company Filings, last reported 6 months ago.

ENXTPA:ALT Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,692.46 1,784.53 478.23
2018-09-30 1,692.46 1,784.53 478.23
2018-06-30 1,599.23 1,905.79 211.14
2018-03-31 1,599.23 1,905.79 211.14
2017-12-31 890.51 724.00 385.88
2017-09-30 890.51 724.00 385.88
2017-06-30 859.29 779.56 396.25
2017-03-31 859.29 779.56 396.25
2016-12-31 862.34 687.87 531.68
2016-09-30 862.34 687.87 531.68
2016-06-30 790.44 640.07 423.86
2016-03-31 790.44 640.07 423.86
2015-12-31 794.39 668.28 536.09
2015-09-30 794.39 668.28 536.09
2015-06-30 732.21 604.60 383.94
2015-03-31 732.21 604.60 383.94
2014-12-31 711.74 486.89 460.11
2014-09-30 711.74 486.89 460.11
2014-06-30 666.05 394.74 249.53
2014-03-31 666.05 394.74 249.53
2013-12-31 653.88 353.28 341.14
2013-09-30 653.88 353.28 341.14
2013-06-30 586.88 318.78 120.56
2013-03-31 586.88 318.78 120.56
2012-12-31 469.64 346.61 180.42
2012-09-30 469.64 346.61 180.42
  • Altran Technologies's level of debt (105.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (54.1% vs 105.4% today).
  • Debt is not well covered by operating cash flow (12.6%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5x coverage).
X
Financial health checks
We assess Altran Technologies's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Altran Technologies has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Altran Technologies's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.67%
Current annual income from Altran Technologies dividends. Estimated to be 1.89% next year.
If you bought €2,000 of Altran Technologies shares you are expected to receive €33 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Altran Technologies's pays a higher dividend yield than the bottom 25% of dividend payers in France (1.51%).
  • Altran Technologies's dividend is below the markets top 25% of dividend payers in France (4.42%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ENXTPA:ALT Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
France IT Industry Average Dividend Yield Market Cap Weighted Average of 23 Stocks 1.8%
France Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3%
France Minimum Threshold Dividend Yield 10th Percentile 0.9%
France Bottom 25% Dividend Yield 25th Percentile 1.5%
France Top 25% Dividend Yield 75th Percentile 4.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ENXTPA:ALT Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31 0.39 1.00
2021-12-31 0.31 6.00
2020-12-31 0.27 8.00
2019-12-31 0.23 8.00
ENXTPA:ALT Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-02-28 0.240 2.167
2018-04-27 0.240 2.732
2017-03-27 0.240 1.627
2017-03-09 0.240 1.592
2016-03-30 0.190 1.455
2016-03-10 0.190 1.633
2015-04-01 0.150 1.430
2015-03-12 0.150 1.622
2014-03-31 0.090 1.151
2014-03-13 0.090 1.106

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Altran Technologies has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Altran Technologies only paid a dividend in the past 5 years.
Current Payout to shareholders
What portion of Altran Technologies's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.6x coverage).
X
Income/ dividend checks
We assess Altran Technologies's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Altran Technologies afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Altran Technologies has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Dominique Cerutti
COMPENSATION €3,378,863
AGE 58
TENURE AS CEO 4.1 years
CEO Bio

Mr. Dominique Cerutti has been the Chairman and Chief Executive Officer at Altran Technologies S.A. since June 18, 2015 and serves as its President. Mr. Cerutti serves as the Chairman and Chief Executive Officer of Euronext Paris S.A. He served as the Chairman of Managing Board at Euronext N.V. from December 2009 to May 05, 2015 and served as its the Chief Executive Officer until April 22, 2015. He served as the Chief Executive Officer of NYSE Holdings LLC since November 2013. He served as the President of NYSE Euronext, Inc. (now known as NYSE Holdings LLC) since January 2010. He was Executive Vice-President of NYSE (New York, United States) until 2015. He served as Deputy Chief Executive Officer of NYSE Euronext, Inc. at NYSE Technologies, Inc. since December 2009. He served as the President of Euronext Paris S.A. He served as Head of Global Technology at NYSE Euronext from December 2009 to 2010. Mr. Cerutti served as Head of Global Technology at NYSE Euronext, Inc. from December 2009 to 2010. He spent over 20 years at IBM where he contributed, from the United States, to the company`s strategic transformation. He spent over 20 years at IBM. He served as General Manager at IBM Southwest Europe until December 2009 and led all of IBM's business operations, had full P&L responsibility and ensured risk management, compliance and business controls across Southern and Western Europe IBM business units. Prior to this, he has led in Europe Middle East & Africa a broad transformation of IBM's model, operations in sales and delivery, formed shared services as well as developing and piloting for IBM a number of innovative management initiatives that have been adopted globally as a result. He served as General Manager of IBM's Global Services in Europe, Middle East & Africa (EMEA), based in Paris and led tens of thousands of IBM services professionals and led the transformation of IBM's services business in the region, establishing IBM as the services market leader in Europe. Prior to that, he served as General Manager of IBM Global Services, West region (France, Belgium and Luxembourg) since 2000. He served as Chief Executive Officer of IBM Global Services for the Europe, Middle East, Africa division, then for IBM Europe. From December 1998 to October 1999, he served as an Executive Assistant to Chairman and Chief Executive Officer of IBM's New York headquarters. He joined IBM in 1986 and held responsibilities successively in sales engineering, sales management, with his first senior European management position in 1996 as the Director of Personal Systems Group, West Region. Before IBM, Mr. Cerutti spent two years with Bouygues. He served as a Director of LCH until 2015. Clearnet Group Ltd. from June 13, 2013 to April 22, 2015. He served as Director of NYSE Holdings LLC since April 2011. He was Member of the Board of Directors of NYSE (New York, United States) until 2013. He is Chairman of Eupheme Consulting. He is Director of Cambridge Consultants Limited (United Kingdom). He was Director at Genes’ink until 2017. He was Member of the Board of Directors of Euromed Business School until 2013. He is a graduate of the École spéciale des travaux publics (ESTP).

CEO Compensation
  • Dominique's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Dominique's remuneration is higher than average for companies of similar size in France.
Management Team Tenure

Average tenure and age of the Altran Technologies management team in years:

5
Average Tenure
55.5
Average Age
  • The tenure for the Altran Technologies management team is about average.
Management Team

Dominique Cerutti

TITLE
Chairman
COMPENSATION
€3M
AGE
58
TENURE
4.1 yrs

Cyril Roger

TITLE
Deputy CEO
COMPENSATION
€1M
AGE
55
TENURE
7.8 yrs

Albin Jacquemont

TITLE
Executive VP & CFO
AGE
54
TENURE
2.8 yrs

Keith Williams

TITLE
Chief Technology Officer
TENURE
3.4 yrs

Stéphanie Bia

TITLE
Group Senior Vice President of Communications & Investor Relations
TENURE
2 yrs

Bernard Billiard

TITLE
VP & General Counsel
TENURE
5.8 yrs

Eric Bachellereau

TITLE
Senior Vice-President of Human Resources
TENURE
2.8 yrs

Joseph Rousse

TITLE
Head of Technical & Innovation Consulting
TENURE
13.7 yrs

Pascal Brier

TITLE
Executive Vice President of Strategy
AGE
56
TENURE
12.6 yrs

Laurent Sicard

TITLE
Head of French Operations
TENURE
12.6 yrs
Board of Directors Tenure

Average tenure and age of the Altran Technologies board of directors in years:

4.7
Average Tenure
58
Average Age
  • The tenure for the Altran Technologies board of directors is about average.
Board of Directors

Dominique Cerutti

TITLE
Chairman
COMPENSATION
€3M
AGE
58
TENURE
4.1 yrs

Nathalie Rachou

TITLE
Independent Director
COMPENSATION
€80K
AGE
62
TENURE
7.1 yrs

Martha Heitzmann-Crawford

TITLE
Independent Director
COMPENSATION
€78K
AGE
52
TENURE
3.3 yrs

Diane de Saint Victor

TITLE
Independent Director
TENURE
0.2 yrs

Gilles Rigal

TITLE
Director
AGE
61
TENURE
11.1 yrs

Christian Bret

TITLE
Director
COMPENSATION
€30K
AGE
79
TENURE
7.1 yrs

Renuka Uppaluri

TITLE
Independent Director
COMPENSATION
€29K
AGE
48
TENURE
3.3 yrs

Maurice Tchénio

TITLE
Director
AGE
76
TENURE
11.1 yrs

Jaya Vaidhyanathan

TITLE
Independent Director
COMPENSATION
€27K
AGE
49
TENURE
1.6 yrs

Henry Capelle

TITLE
AGE
36
TENURE
5.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
16. Jul 19 Sell HSBC Global Asset Management (UK) Limited Company 15. Jul 19 15. Jul 19 -1,472,235 €14.38 €-21,170,740
16. Jul 19 Buy HSBC Global Asset Management (UK) Limited Company 15. Jul 19 15. Jul 19 372 €14.38 €5,349
16. Jul 19 Buy BlackRock, Inc. Company 15. Jul 19 15. Jul 19 440 €14.38 €6,327
15. Jul 19 Buy HSBC Global Asset Management (UK) Limited Company 12. Jul 19 12. Jul 19 304 €14.13 €4,296
15. Jul 19 Buy BlackRock, Inc. Company 12. Jul 19 12. Jul 19 708 €14.36 €10,167
12. Jul 19 Buy Boussard & Gavaudan Investment Management LLP Company 11. Jul 19 11. Jul 19 3,419 €14.11 €48,242
12. Jul 19 Sell HSBC Global Asset Management (UK) Limited Company 11. Jul 19 11. Jul 19 -37,430 €14.06 €-526,266
12. Jul 19 Buy HSBC Global Asset Management (UK) Limited Company 11. Jul 19 11. Jul 19 980 €14.02 €13,740
11. Jul 19 Sell BlackRock, Inc. Company 10. Jul 19 10. Jul 19 -6,420 €14.01 €-89,944
11. Jul 19 Buy BlackRock, Inc. Company 10. Jul 19 10. Jul 19 11,736 €14.01 €164,421
11. Jul 19 Buy HSBC Global Asset Management (UK) Limited Company 10. Jul 19 10. Jul 19 128 €13.97 €1,788
10. Jul 19 Sell HSBC Global Asset Management (UK) Limited Company 09. Jul 19 09. Jul 19 -37 €13.97 €-517
10. Jul 19 Buy HSBC Global Asset Management (UK) Limited Company 09. Jul 19 09. Jul 19 6 €13.96 €84
09. Jul 19 Sell HSBC Global Asset Management (UK) Limited Company 08. Jul 19 08. Jul 19 -215,604 €13.99 €-3,016,300
09. Jul 19 Buy HSBC Global Asset Management (UK) Limited Company 08. Jul 19 08. Jul 19 64 €13.96 €893
05. Jul 19 Buy BlackRock, Inc. Company 04. Jul 19 04. Jul 19 392 €13.97 €5,476
08. Jul 19 Sell HSBC Global Asset Management (UK) Limited Company 05. Jul 19 05. Jul 19 -8 €13.95 €-112
08. Jul 19 Buy HSBC Global Asset Management (UK) Limited Company 05. Jul 19 05. Jul 19 28 €13.94 €390
08. Jul 19 Buy DNCA Finance Company 04. Jul 19 04. Jul 19 1,172 €13.93 €16,326
05. Jul 19 Sell HSBC Global Asset Management (UK) Limited Company 04. Jul 19 04. Jul 19 -13 €13.95 €-181
05. Jul 19 Buy DNCA Finance Company 03. Jul 19 03. Jul 19 250,005 €13.93 €3,482,570
05. Jul 19 Sell HSBC Global Asset Management (UK) Limited Company 03. Jul 19 03. Jul 19 -18,953 €13.95 €-264,394
05. Jul 19 Buy HSBC Global Asset Management (UK) Limited Company 03. Jul 19 03. Jul 19 7,268 €13.94 €101,316
03. Jul 19 Sell HSBC Global Asset Management (UK) Limited Company 02. Jul 19 02. Jul 19 -48,783 €13.96 €-681,011
03. Jul 19 Buy HSBC Global Asset Management (UK) Limited Company 02. Jul 19 02. Jul 19 9,504 €13.95 €132,581
03. Jul 19 Buy DNCA Finance Company 02. Jul 19 02. Jul 19 190,000 €13.96 €2,652,400
03. Jul 19 Buy Capgemini SE Company 02. Jul 19 02. Jul 19 29,378,319 €14.00 €411,296,472
02. Jul 19 Sell HSBC Global Asset Management (UK) Limited Company 01. Jul 19 01. Jul 19 -65,344 €13.95 €-911,549
02. Jul 19 Buy HSBC Global Asset Management (UK) Limited Company 01. Jul 19 01. Jul 19 64,030 €13.95 €893,218
02. Jul 19 Buy DNCA Finance Company 01. Jul 19 01. Jul 19 850,000 €13.93 €11,840,500
02. Jul 19 Sell DNCA Finance Company 28. Jun 19 28. Jun 19 -32,500 €13.95 €-453,375
01. Jul 19 Sell HSBC Global Asset Management (UK) Limited Company 28. Jun 19 28. Jun 19 -25,872 €13.95 €-360,914
01. Jul 19 Buy HSBC Global Asset Management (UK) Limited Company 28. Jun 19 28. Jun 19 11,250 €13.94 €156,825
01. Jul 19 Sell HSBC Global Asset Management (UK) Limited Company 27. Jun 19 27. Jun 19 -42,561 €13.95 €-593,726
01. Jul 19 Buy HSBC Global Asset Management (UK) Limited Company 27. Jun 19 27. Jun 19 7,995 €13.96 €111,610
28. Jun 19 Buy HSBC Global Asset Management (UK) Limited Company 25. Jun 19 26. Jun 19 4,198,613 €13.94 €58,548,443
28. Jun 19 Sell DNCA Finance Company 27. Jun 19 27. Jun 19 -32,500 €13.96 €-453,700
28. Jun 19 Buy DNCA Finance Company 27. Jun 19 27. Jun 19 912,000 €19.94 €18,185,280
26. Jun 19 Sell Select Equity Group, L.P. Company 25. Jun 19 25. Jun 19 -9,553,715 €13.94 €-133,178,785
X
Management checks
We assess Altran Technologies's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Altran Technologies has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

How Should Investors Feel About Altran Technologies S.A.'s (EPA:ALT) CEO Pay?

Check out our latest analysis for Altran Technologies How Does Dominique Cerutti's Compensation Compare With Similar Sized Companies? … As you can see, Dominique Cerutti is paid more than the median CEO pay at companies of a similar size, in the same market. … We compared the total CEO remuneration paid by Altran Technologies S.A., and compared it to remuneration at a group of similar sized companies.

Simply Wall St -

Is There Now An Opportunity In Altran Technologies S.A. (EPA:ALT)?

What’s more interesting is that, Altran Technologies’s share price is theoretically quite stable, which could mean two things: firstly, it may take the share price a while to move to its intrinsic value, and secondly, there may be less chances to buy low in the future once it reaches that value. … ENXTPA:ALT Past and Future Earnings, June 3rd 2019 Future outlook is an important aspect when you’re looking at buying a stock, especially if you are an investor looking for growth in your portfolio. … Its buoyant future outlook isn’t fully reflected in the current share price yet, which means it’s not too late to buy ALT.

Simply Wall St -

Is Altran Technologies S.A. (EPA:ALT) Trading At A 34% Discount?

A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, so we need to discount the sum of these future cash flows to arrive at a present value estimate: 10-year free cash flow (FCF) forecast 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF (€, Millions) €160.68 €198.35 €268.91 €316.28 €355.97 €388.02 €413.33 €433.12 €448.58 €460.78 Growth Rate Estimate Source Analyst x5 Analyst x6 Analyst x3 Est @ 17.61% Est @ 12.55% Est @ 9% Est @ 6.52% Est @ 4.79% Est @ 3.57% Est @ 2.72% Present Value (€, Millions) Discounted @ 9.66% €146.52 €164.94 €203.92 €218.71 €224.47 €223.13 €216.74 €207.11 €195.60 €183.22 Present Value of 10-year Cash Flow (PVCF)= €1.98b "Est" = FCF growth rate estimated by Simply Wall St The second stage is also known as Terminal Value, this is the business's cash flow after the first stage. … Terminal Value (TV) = FCF2029 × (1 + g) ÷ (r – g) = €461m × (1 + 0.7%) ÷ (9.7% – 0.7%) = €5.2b Present Value of Terminal Value (PVTV) = TV / (1 + r)10 = €€5.2b ÷ ( 1 + 9.7%)10 = €2.07b The total value is the sum of cash flows for the next ten years plus the discounted terminal value, which results in the Total Equity Value, which in this case is €4.05b. … ENXTPA:ALT Intrinsic value, May 25th 2019 The assumptions We would point out that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows.

Simply Wall St -

How Does Altran Technologies S.A. (EPA:ALT) Affect Your Portfolio Volatility?

Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … The fact that this is well below 1 indicates that its share price movements haven't historically been very sensitive to overall market volatility. … What this means for you: Since Altran Technologies is not heavily influenced by market moves, its share price is probably far more dependend on company specific developments.

Simply Wall St -

Read This Before Judging Altran Technologies S.A.'s (EPA:ALT) ROE

Our data shows Altran Technologies has a return on equity of 4.8% for the last year. … One way to conceptualize this, is that for each €1 of shareholders' equity it has, the company made €0.048 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Did Altran Technologies's (EPA:ALT) Share Price Deserve to Gain 47%?

(EPA:ALT) shareholders have enjoyed a 47% share price rise over the last half decade, well in excess of the market return of around 33% (not including dividends). … During five years of share price growth, Altran Technologies achieved compound earnings per share (EPS) growth of 4.5% per year. … This EPS growth is lower than the 7.9% average annual increase in the share price.

Simply Wall St -

Is It Too Late To Buy Altran Technologies S.A. (EPA:ALT) At Its April Price?

Growth expectations for Altran Technologies S.A. … See our latest analysis for Altran Technologies? … The excitement around Altran Technologies's growth potential is not unfounded

Simply Wall St -

What Investors Should Know About Altran Technologies S.A.'s (EPA:ALT) Financial Strength

Stocks with market capitalization between $2B and $10B, such as Altran Technologies S.A. … ALT’s financial liquidity and debt position will be analysed in this article, to get an idea of whether the company can fund opportunities for strategic growth and maintain strength through economic downturns. … View our latest analysis for Altran Technologies

Simply Wall St -

Altran Technologies S.A. (EPA:ALT) Might Not Be A Great Investment

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Return On Capital Employed (ROCE): What is it? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

Can We See Significant Institutional Ownership On The Altran Technologies S.A. (EPA:ALT) Share Register?

A look at the shareholders of Altran Technologies S.A. … Generally speaking, as a company grows, institutions will increase their ownership. … It has a market capitalization of €2.1b, which means it would generally expect to see some institutions on the share registry.

Simply Wall St -

Company Info

Description

Altran Technologies S.A. offers engineering consulting services in France, other European countries, the Americas, and Asia. The company provides consulting services in fundamental transformations, innovation and design, and disruptive technologies and solutions; and digital transformation services, such as digital experience, Internet of Things, analytics and artificial intelligence, and digital applications, as well as cybersecurity, infrastructure, and cloud. It also provides product and systems engineering, industrial optimization and management, and engineering strategy and risk management services. The company serves the automotive; aeronautics; space, defense, and naval; rail, infrastructure, and transportation; energy; industrials and electronics; life sciences; telecom and media; finance and public; and semiconductors sectors. Altran Technologies S.A. was founded in 1970 and is headquartered in Neuilly-sur-Seine, France.

Details
Name: Altran Technologies S.A.
ALT
Exchange: ENXTPA
Founded: 1970
€3,657,447,347
253,813,140
Website: http://www.altran.com
Address: Altran Technologies S.A.
96, avenue Charles de Gaulle,
Neuilly-sur-Seine,
Ile-de-France, 92200,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA ALT Ordinary Shares Euronext Paris FR EUR 02. Jan 1992
OTCPK ALTK.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
DB ATC Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
LSE 0IWK Ordinary Shares London Stock Exchange GB EUR 02. Jan 1992
BMV ALTP N Ordinary Shares Bolsa Mexicana de Valores MX MXN 02. Jan 1992
BATS-CHIXE ALTP Ordinary Shares BATS 'Chi-X Europe' GB EUR 02. Jan 1992
OTCPK ALTK.Y SPONSORED ADR Pink Sheets LLC US USD 18. Jan 2002
Number of employees
Current staff
Staff numbers
46,283
Altran Technologies employees.
Industry
IT Consulting and Other Services
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/18 20:36
End of day share price update: 2019/07/18 00:00
Last estimates confirmation: 2019/07/15
Last earnings filing: 2019/04/23
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.