Alteo Limited, together with its subsidiaries, engages in the planting, growing, harvesting, and refining of sugarcane in Mauritius, Tanzania, and Kenya.
Price History & Performance
|Historical stock prices|
|Current Share Price||MU₨29.65|
|52 Week High||MU₨14.45|
|52 Week Low||MU₨32.00|
|1 Month Change||6.65%|
|3 Month Change||9.82%|
|1 Year Change||99.66%|
|3 Year Change||23.54%|
|5 Year Change||11.89%|
|Change since IPO||-7.05%|
Recent News & Updates
|ALTG.N0000||MU Food||MU Market|
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.
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
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
|ALTG.N0000 fundamental statistics|
Is ALTG.N0000 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|ALTG.N0000 income statement (TTM)|
|Cost of Revenue||MU₨5.97b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||3.64|
|Net Profit Margin||12.14%|
How did ALTG.N0000 perform over the long term?See historical performance and comparison
3.5%Current Dividend Yield
Is Alteo undervalued compared to its fair value and its price relative to the market?
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).
How is Alteo forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
How has Alteo performed over the past 5 years?
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.
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.
What is Alteo current dividend yield, its reliability and sustainability?
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Andre Bonieux (63 yo)
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....
Experienced Management: ALTG.N0000's management team is considered experienced (4.3 years average tenure).
Experienced Board: ALTG.N0000's board of directors are considered experienced (3.1 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Alteo Limited's employee growth, exchange listings and data sources
- 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
- Alteo Limited
- VivEa Business Park
- Saint Pierre
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/20 15:23|
|End of Day Share Price||2021/10/20 00:00|
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.