Alten
Market Cap
€3.8b
Last Updated
2020/02/16 20:54 UTC
Data Sources
Company Financials +
Executive Summary
Alten SA operates as an engineering and technology consultancy company primarily in France, North America, Germany, Scandinavia, Spain, the United Kingdom, Italy, Belgium, the Netherlands, and the Asia-Pacific.
Rewards
Risk Analysis
No risks detected for ATE from our risk checks.
Snowflake Analysis
Excellent balance sheet with questionable track record.
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
0.09%
ATE
1.0%
FR IT
1.0%
FR Market
1 Year Return
26.6%
ATE
19.2%
FR IT
17.2%
FR Market
Return vs Industry: ATE exceeded the French IT industry which returned 19.2% over the past year.
Return vs Market: ATE exceeded the French Market which returned 17.2% over the past year.
Shareholder returns
| ATE | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.09% | 1.0% | 1.0% |
| 30 Day | -4.7% | 2.8% | -0.3% |
| 90 Day | 11.5% | 13.5% | 3.3% |
| 1 Year | 27.9%26.6% | 26.8%19.2% | 21.3%17.2% |
| 3 Year | 65.8%60.1% | 51.3%34.1% | 43.9%30.3% |
| 5 Year | 216.7%193.5% | 132.7%101.6% | 56.4%34.4% |
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 week ago | Simply Wall St
These 4 Measures Indicate That Alten (EPA:ATE) Is Using Debt Safely3 weeks ago | Simply Wall St
Can Alten SA's (EPA:ATE) ROE Continue To Surpass The Industry Average?1 month ago | Simply Wall St
Introducing Alten (EPA:ATE), The Stock That Zoomed 234% In The Last Five YearsValuation
Is Alten undervalued compared to its fair value and its price relative to the market?
4.1%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ATE (€112.2) is trading below our estimate of fair value (€117.01)
Significantly Below Fair Value: ATE is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: ATE is poor value based on its PE Ratio (23.5x) compared to the IT industry average (18.7x).
PE vs Market: ATE is poor value based on its PE Ratio (23.5x) compared to the French market (18.7x).
Price to Earnings Growth Ratio
PEG Ratio: ATE is poor value based on its PEG Ratio (2.5x)
Price to Book Ratio
PB vs Industry: ATE is overvalued based on its PB Ratio (3.7x) compared to the FR IT industry average (2.3x).
Next Steps
Future Growth
How is Alten forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
9.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ATE's forecast earnings growth (9.4% per year) is above the savings rate (-0.1%).
Earnings vs Market: ATE's earnings (9.4% per year) are forecast to grow slower than the French market (13.4% per year).
High Growth Earnings: ATE's earnings are forecast to grow, but not significantly.
Revenue vs Market: ATE's revenue (6.6% per year) is forecast to grow faster than the French market (4.5% per year).
High Growth Revenue: ATE's revenue (6.6% 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 (15.4%).
Next Steps
Past Performance
How has Alten performed over the past 5 years?
15.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ATE has high quality earnings.
Growing Profit Margin: ATE's current net profit margins (6.5%) are lower than last year (7.1%).
Past Earnings Growth Analysis
Earnings Trend: ATE's earnings have grown by 15.4% per year over the past 5 years.
Accelerating Growth: ATE's earnings growth over the past year (7.1%) is below its 5-year average (15.4% per year).
Earnings vs Industry: ATE earnings growth over the past year (7.1%) underperformed the IT industry 11.9%.
Return on Equity
High ROE: ATE's Return on Equity (15.9%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Alten's financial position?
Financial Position Analysis
Short Term Liabilities: ATE's short term assets (€1.1B) exceed its short term liabilities (€753.3M).
Long Term Liabilities: ATE's short term assets (€1.1B) exceed its long term liabilities (€161.7M).
Debt to Equity History and Analysis
Debt Level: ATE's debt to equity ratio (13.5%) is considered satisfactory.
Reducing Debt: ATE's debt to equity ratio has increased from 8.7% to 13.5% over the past 5 years.
Debt Coverage: ATE's debt is well covered by operating cash flow (123.7%).
Interest Coverage: ATE's interest payments on its debt are well covered by EBIT (114x coverage).
Balance Sheet
Inventory Level: ATE has a low level of unsold assets or inventory.
Debt Coverage by Assets: ATE's debt is covered by short term assets (assets are 8.2x debt).
Next Steps
Dividend
What is Alten's current dividend yield, its reliability and sustainability?
0.89%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: ATE's dividend (0.89%) isn’t notable compared to the bottom 25% of dividend payers in the French market (1.53%).
High Dividend: ATE's dividend (0.89%) is low compared to the top 25% of dividend payers in the French market (4.5%).
Stability and Growth of Payments
Stable Dividend: ATE is not paying a notable dividend for the French market, therefore no need to check if payments are stable.
Growing Dividend: ATE is not paying a notable dividend for the French market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: ATE is not paying a notable dividend for the French market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of ATE'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?
14.1yrs
Average management tenure
CEO
Simon Azoulay (63yo)
21.4yrs
Tenure
€762,289
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 ($USD826.51K) is below average for companies of similar size in the French market ($USD1.76M).
Compensation vs Earnings: Simon's compensation has increased by more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 21.4yrs | €762.29k | 15.14% €572.0m | |
| Deputy CEO & Director | 22.1yrs | €288.02k | 0.52% €19.8m | |
| Deputy Chief Executive Officer of ALTEN France & Solutions subsidiaries | 7.1yrs | €383.57k | 0.0025% €94.1k | |
| Head of Human Resources | 0yrs | no data | no data | |
| Deputy Chief Executive Officer | 0yrs | €334.72k | no data | |
| Managing Director of ALTEN - Madrid | 0yrs | no data | no data | |
| Executive Vice President of ALTEN Technology France & Solutions Subsidiaries | 0yrs | no data | no data | |
| Executive Vice President of Alten Technology France | 3.3yrs | no data | no data | |
| CEO & MD of ALTEN Italia | 0yrs | no data | no data | |
| HR Business Partner Director of ALTEN Spain | 0yrs | no data | no data |
14.1yrs
Average Tenure
57.5yo
Average Age
Experienced Management: ATE's management team is seasoned and experienced (14.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 21.4yrs | €762.29k | 15.14% €572.0m | |
| Deputy CEO & Director | 22.1yrs | €288.02k | 0.52% €19.8m | |
| Independent Director | 5.7yrs | €13.50k | no data | |
| Director | 8.7yrs | €12.00k | 0.0059% €224.5k | |
| Director | 5.7yrs | €9.00k | no data | |
| Independent Director | 3.8yrs | €16.50k | no data | |
| Independent Director | 3.8yrs | €10.50k | no data | |
| Independent Director | 2.7yrs | €16.50k | no data | |
| Director Representating Employees | 2.2yrs | no data | no data |
5.7yrs
Average Tenure
62yo
Average Age
Experienced Board: ATE's board of directors are considered experienced (5.7 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 SA's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Alten SA
- Ticker: ATE
- Exchange: ENXTPA
- Founded: 1988
- Industry: IT Consulting and Other Services
- Sector: Software
- Market Cap: €3.779b
- Shares outstanding: 33.68m
- Website: https://www.alten.fr
Number of Employees
Location
- Alten SA
- 40, avenue André 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 SA operates as an engineering and technology consultancy company primarily in France, North America, Germany, Scandinavia, Spain, the United Kingdom, Italy, Belgium, the Netherlands, and the Asia-Pacific. The company carries out design and research projects for the technical and information systems divisions in the industrial, telecommunications, and service sectors. It offers engineering and technology consulting services, including study and design of technological products; services for telecoms and multimedia networks comprising product design, architecture, deployment, and operation of networks; and information systems architecture, software development, third-party application acceptance, support, and operation services. The company serves customers in automotive, rail and naval, energy and life sciences, finance and services, telecom, multimedia, defense and security, aerospace, and other industries. Alten SA was founded in 1988 and is headquartered in Boulogne-Billancourt, France.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/16 20:54 |
| End of Day Share Price | 2020/02/14 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.