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ALTG

AlteoMUSE:ALTG.N0000 Stock Report

Market Cap

MU₨9.4b

7D

-0.8%

1Y

99.7%

Updated

20 Oct, 2021

Data

Company Financials
ALTG.N0000 fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends2/6

ALTG.N0000 Overview

Alteo Limited, together with its subsidiaries, engages in the planting, growing, harvesting, and refining of sugarcane in Mauritius, Tanzania, and Kenya.

Price History & Performance

Summary of all time highs, changes and price drops for Alteo
Historical stock prices
Current Share PriceMU₨29.65
52 Week HighMU₨14.45
52 Week LowMU₨32.00
Beta0.28
1 Month Change6.65%
3 Month Change9.82%
1 Year Change99.66%
3 Year Change23.54%
5 Year Change11.89%
Change since IPO-7.05%

Recent News & Updates

Shareholder Returns

ALTG.N0000MU FoodMU Market
7D-0.8%0.9%0.3%
1Y99.7%65.9%14.2%

Return vs Industry: ALTG.N0000 exceeded the MU Food industry which returned 65.7% over the past year.

Return vs Market: ALTG.N0000 exceeded the MU Market which returned 14.2% over the past year.

Price Volatility

Is ALTG.N0000's price volatile compared to industry and market?
ALTG.N0000 volatility
ALTG.N0000 Beta0.28
Industry Beta0.32
Market Beta1

Stable Share Price: ALTG.N0000 is more volatile than 75% of MU stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: ALTG.N0000's weekly volatility (5%) has been stable over the past year, but is still higher than 75% of MU stocks.

About the Company

FoundedEmployeesCEOWebsite
2017n/aAndre Bonieuxhttps://www.alteogroup.com

Alteo Limited, together with its subsidiaries, engages in the planting, growing, harvesting, and refining of sugarcane in Mauritius, Tanzania, and Kenya. It operates in three segments: Sugar, Energy, and Property. The company is also involved in the operation of a bagasse and coal power plant at Union Flacq in Mauritius, as well as a solar energy farm in Beau Champ, Mauritius; and property development, hospitality, and leisure activities.

Alteo Fundamentals Summary

How do Alteo's earnings and revenue compare to its market cap?
ALTG.N0000 fundamental statistics
Market CapMU₨9.44b
Earnings (TTM)MU₨1.16b
Revenue (TTM)MU₨9.55b

8.1x

P/E Ratio

1.0x

P/S Ratio

Is ALTG.N0000 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
ALTG.N0000 income statement (TTM)
RevenueMU₨9.55b
Cost of RevenueMU₨5.97b
Gross ProfitMU₨3.58b
ExpensesMU₨2.42b
EarningsMU₨1.16b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)3.64
Gross Margin37.45%
Net Profit Margin12.14%
Debt/Equity Ratio0.0%

How did ALTG.N0000 perform over the long term?

See historical performance and comparison

Dividends

3.5%

Current Dividend Yield

20%

Payout Ratio

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ALTG.N0000 (MUR29.65) is trading below our estimate of fair value (MUR131.69)

Significantly Below Fair Value: ALTG.N0000 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: ALTG.N0000 is good value based on its PE Ratio (8.1x) compared to the MU Food industry average (12.6x).

PE vs Market: ALTG.N0000 is good value based on its PE Ratio (8.1x) compared to the MU market (14.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ALTG.N0000's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ALTG.N0000 is good value based on its PB Ratio (0.6x) compared to the MU Food industry average (1x).


Future Growth

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

13.5%

Forecasted Food, Beverage & Tobacco industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Alteo has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Alteo performed over the past 5 years?

-13.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ALTG.N0000 has high quality earnings.

Growing Profit Margin: ALTG.N0000 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: ALTG.N0000's earnings have declined by 13.8% per year over the past 5 years.

Accelerating Growth: ALTG.N0000 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: ALTG.N0000 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Food industry (8%).


Return on Equity

High ROE: ALTG.N0000's Return on Equity (10%) is considered low.


Financial Health

How is Alteo's financial position?


Financial Position Analysis

Short Term Liabilities: ALTG.N0000's short term assets (MUR7.4B) exceed its short term liabilities (MUR5.3B).

Long Term Liabilities: ALTG.N0000's short term assets (MUR7.4B) exceed its long term liabilities (MUR7.2B).


Debt to Equity History and Analysis

Debt Level: ALTG.N0000 is debt free.

Reducing Debt: ALTG.N0000 has no debt compared to 5 years ago when its debt to equity ratio was 29.6%.

Debt Coverage: ALTG.N0000 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: ALTG.N0000 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

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

3.51%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ALTG.N0000's dividend (3.51%) is higher than the bottom 25% of dividend payers in the MU market (2.1%).

High Dividend: ALTG.N0000's dividend (3.51%) is low compared to the top 25% of dividend payers in the MU market (3.53%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, ALTG.N0000 has been paying a dividend for less than 10 years.

Growing Dividend: ALTG.N0000's dividend payments have increased, but the company has only paid a dividend for 9 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (19.8%), ALTG.N0000'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

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

4.3yrs

Average management tenure


CEO

Andre Bonieux (63 yo)

2.75yrs

Tenure

MU₨15,192,330

Compensation

Mr. R. M. Bonieux, also known as Andre, serves as Chief Executive Officer and Executive Director of Alteo Limited ( (formerly Alteo Group Ltd) since January 1, 2019 and December 13, 2018 respectively. Mr....


Leadership Team

Experienced Management: ALTG.N0000's management team is considered experienced (4.3 years average tenure).


Board Members

Experienced Board: ALTG.N0000's board of directors are considered experienced (3.1 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

Alteo Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Alteo Limited
  • Ticker: ALTG.N0000
  • Exchange: MUSE
  • Founded: 2017
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: MU₨9.443b
  • Shares outstanding: 318.49m
  • Website: https://www.alteogroup.com

Number of Employees


Location

  • Alteo Limited
  • VivEa Business Park
  • Saint Pierre
  • 81430
  • Mauritius

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/20 15:23
End of Day Share Price2021/10/20 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.