Alten
Market Cap
€2.3b
Last Updated
2020/10/29 22:16 UTC
Data Sources
Company Financials +
Executive Summary
Alten S.A. operates as an engineering and technology consultancy company primarily in France, North America, Germany, Scandinavia, Spain, Portugal, Italy, the United Kingdom, Belgium, the Netherlands, the Asia-Pacific, and internationally. More Details
Rewards
Risk Analysis
No risks detected for ATE from our risk checks.
Snowflake Analysis
Flawless balance sheet average dividend payer.
Similar Companies
Share Price & News
How has Alten's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ATE has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-11.4%
ATE
-7.7%
FR IT
-5.5%
FR Market
1 Year Return
-29.6%
ATE
-1.1%
FR IT
-13.9%
FR Market
Return vs Industry: ATE underperformed the French IT industry which returned -2.9% over the past year.
Return vs Market: ATE underperformed the French Market which returned -14.4% over the past year.
Shareholder returns
| ATE | Industry | Market | |
|---|---|---|---|
| 7 Day | -11.4% | -7.7% | -5.5% |
| 30 Day | -12.9% | -11.7% | -4.0% |
| 90 Day | 4.7% | -10.3% | -2.0% |
| 1 Year | -29.6%-29.6% | -0.5%-1.1% | -12.0%-13.9% |
| 3 Year | -4.5%-6.5% | -2.0%-11.9% | -2.1%-10.6% |
| 5 Year | 53.8%45.9% | 54.3%35.6% | 22.1%4.0% |
Price Volatility Vs. Market
How volatile is Alten's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 day ago | Simply Wall St
Does Alten's (EPA:ATE) Statutory Profit Adequately Reflect Its Underlying Profit?1 week ago | Simply Wall St
Update: Alten (EPA:ATE) Stock Gained 71% In The Last Five Years3 weeks ago | Simply Wall St
Alten (EPA:ATE) Could Easily Take On More DebtValuation
Is Alten undervalued compared to its fair value and its price relative to the market?
15.7x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: ATE (€70.1) is trading above our estimate of fair value (€39.42)
Significantly Below Fair Value: ATE is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: ATE is poor value based on its PE Ratio (15.9x) compared to the FR IT industry average (15.3x).
PE vs Market: ATE is good value based on its PE Ratio (15.9x) compared to the French market (17.3x).
Price to Earnings Growth Ratio
PEG Ratio: ATE is good value based on its PEG Ratio (0.7x)
Price to Book Ratio
PB vs Industry: ATE is overvalued based on its PB Ratio (2x) compared to the FR IT industry average (1.7x).
Next Steps
Future Growth
How is Alten forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
21.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ATE's forecast earnings growth (21.5% per year) is above the savings rate (0.6%).
Earnings vs Market: ATE's earnings (21.5% per year) are forecast to grow slower than the French market (23.6% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: ATE's revenue (4% per year) is forecast to grow slower than the French market (6.8% per year).
High Growth Revenue: ATE's revenue (4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ATE's Return on Equity is forecast to be low in 3 years time (10.3%).
Next Steps
Past Performance
How has Alten performed over the past 5 years?
10.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ATE has high quality earnings.
Growing Profit Margin: ATE's current net profit margins (5.8%) are lower than last year (6.5%).
Past Earnings Growth Analysis
Earnings Trend: ATE's earnings have grown by 10.2% per year over the past 5 years.
Accelerating Growth: ATE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ATE had negative earnings growth (-6.8%) over the past year, making it difficult to compare to the IT industry average (-2.1%).
Return on Equity
High ROE: ATE's Return on Equity (12.6%) is considered low.
Next Steps
Financial Health
How is Alten's financial position?
Financial Position Analysis
Short Term Liabilities: ATE's short term assets (€1.2B) exceed its short term liabilities (€650.9M).
Long Term Liabilities: ATE's short term assets (€1.2B) exceed its long term liabilities (€176.0M).
Debt to Equity History and Analysis
Debt Level: ATE's debt to equity ratio (2.9%) is considered satisfactory.
Reducing Debt: ATE's debt to equity ratio has reduced from 13% to 2.9% over the past 5 years.
Debt Coverage: ATE's debt is well covered by operating cash flow (889.6%).
Interest Coverage: ATE's interest payments on its debt are well covered by EBIT (72x coverage).
Balance Sheet
Next Steps
Dividend
What is Alten current dividend yield, its reliability and sustainability?
1.44%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ATE's dividend (1.43%) isn’t notable compared to the bottom 25% of dividend payers in the French market (1.59%).
High Dividend: ATE's dividend (1.43%) is low compared to the top 25% of dividend payers in the French market (5.53%).
Stability and Growth of Payments
Stable Dividend: ATE's dividends per share have been stable in the past 10 years.
Growing Dividend: ATE's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (22.7%), ATE's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ATE's dividends in 3 years are forecast to be well covered by earnings (23% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
14.8yrs
Average management tenure
CEO
Simon Azoulay (64 yo)
22.08yrs
Tenure
€802,834
Compensation
Mr. Simon Azoulay has been Manager of ABILOG Appointment Decision since April, 1996. Mr. Azoulay serves as Manager of Alten Benelux, Axen, Alten UK, Alten Esp and Sd Partners. He has been the Chairman and ...
CEO Compensation Analysis
Compensation vs Market: Simon's total compensation ($USD943.84K) is below average for companies of similar size in the French market ($USD1.89M).
Compensation vs Earnings: Simon's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 22.08yrs | €802.83k | 4.74% € 110.8m | |
| Deputy CEO & Director | 22.75yrs | €2.35m | 0.65% € 15.2m | |
| Deputy Chief Executive Officer of ALTEN France & Solutions Subsidiaries | 7.75yrs | €303.57k | 0.17% € 3.9m | |
| Chief Operating Officer | no data | €334.72k | no data | |
| Head of Human Resources | no data | no data | no data | |
| Managing Director of ALTEN - Madrid | no data | no data | no data | |
| Executive VP ALTEN France for Enterprise Services & Telecoms | no data | no data | no data | |
| Executive Vice President of ALTEN France & Solutions subsidiaries | no data | no data | no data | |
| Executive Vice President of ALTEN France | 3.92yrs | no data | no data | |
| Executive Vice President of ALTEN for Asia | no data | no data | no data | |
| HR Business Partner Director of ALTEN Spain | no data | no data | no data |
14.8yrs
Average Tenure
58.5yo
Average Age
Experienced Management: ATE's management team is seasoned and experienced (14.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 22.08yrs | €802.83k | 4.74% € 110.8m | |
| Deputy CEO & Director | 22.75yrs | €2.35m | 0.65% € 15.2m | |
| Independent Director | 6.33yrs | €9.00k | no data | |
| Director | 9.33yrs | €16.50k | 0.0056% € 131.7k | |
| Director | 6.33yrs | €12.00k | no data | |
| Independent Director | 4.42yrs | €22.50k | no data | |
| Independent Lead Director | no data | €24.00k | no data | |
| Independent Director | 3.33yrs | €21.00k | no data | |
| Director Representating Employees | 2.83yrs | no data | no data |
6.3yrs
Average Tenure
63yo
Average Age
Experienced Board: ATE's board of directors are considered experienced (6.3 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
Alten S.A.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Alten S.A.
- Ticker: ATE
- Exchange: ENXTPA
- Founded: 1988
- Industry: IT Consulting and Other Services
- Sector: Software
- Market Cap: €2.336b
- Shares outstanding: 33.71m
- Website: https://www.alten.fr
Number of Employees
Location
- Alten S.A.
- 40, avenue AndrE Morizet
- Cedex
- Boulogne-Billancourt
- Ile-de-France
- 92513
- France
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| AN3 | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Feb 1999 |
| ATE | ENXTPA (Euronext Paris) | Yes | Common Shares | FR | EUR | Feb 1999 |
| ABLG.F | OTCPK (Pink Sheets LLC) | Yes | Common Shares | US | USD | Feb 1999 |
| 0O1S | LSE (London Stock Exchange) | Yes | Common Shares | GB | EUR | Feb 1999 |
| ATEP | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Common Shares | GB | EUR | Feb 1999 |
Biography
Alten S.A. operates as an engineering and technology consultancy company primarily in France, North America, Germany, Scandinavia, Spain, Portugal, Italy, the United Kingdom, Belgium, the Netherlands, the ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/29 22:16 |
| End of Day Share Price | 2020/10/29 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.