Altair Engineering Inc.

BMV:ALTR * Stock Report

Market Cap: Mex$185.1b

Altair Engineering Valuation

Is ALTR * undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ALTR * when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ALTR * (MX$2123.61) is trading above our estimate of fair value (MX$1053.86)

Significantly Below Fair Value: ALTR * is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ALTR *?

Key metric: As ALTR * is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for ALTR *. This is calculated by dividing ALTR *'s market cap by their current revenue.
What is ALTR *'s PS Ratio?
PS Ratio13.9x
SalesUS$644.66m
Market CapUS$8.98b

Price to Sales Ratio vs Peers

How does ALTR *'s PS Ratio compare to its peers?

The above table shows the PS ratio for ALTR * vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average4.9x
DBX Dropbox
3.4x1.7%US$8.8b
600845 Shanghai Baosight SoftwareLtd
5.8x21.4%CN¥68.5b
INFA Informatica
4.9x7.5%US$8.1b
PEGA Pegasystems
5.5x5.9%US$8.3b
ALTR * Altair Engineering
13.9x8.2%Mex$9.0b

Price-To-Sales vs Peers: ALTR * is expensive based on its Price-To-Sales Ratio (13.9x) compared to the peer average (4.9x).

Price to Sales Ratio vs Industry

How does ALTR *'s PS Ratio compare vs other companies in the Global Software Industry?

242 CompaniesPrice / SalesEstimated GrowthMarket Cap
No. of Companies242PS02.85.68.411.214+
242 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: ALTR * is expensive based on its Price-To-Sales Ratio (13.9x) compared to the Global Software industry average (3.2x).

Price to Sales Ratio vs Fair Ratio

What is ALTR *'s PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ALTR * PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio13.9x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate ALTR *'s Price-To-Sales Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ALTR * forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
Mex$2,148.81
0%
11.5%Mex$2,291.26Mex$1,721.48n/a4
Nov ’25n/a
Mex$2,117.29
0%
10.3%Mex$2,261.81Mex$1,699.36n/a5
Oct ’25n/a
Mex$1,711.64
0%
9.8%Mex$1,869.74Mex$1,327.52n/a9
Sep ’25n/a
Mex$1,711.64
0%
9.8%Mex$1,869.74Mex$1,327.52n/a9
Aug ’25n/a
Mex$1,597.35
0%
5.9%Mex$1,697.05Mex$1,442.49n/a8
Jul ’25n/a
Mex$1,597.35
0%
5.9%Mex$1,697.05Mex$1,442.49n/a8
Jun ’25n/a
Mex$1,597.35
0%
5.9%Mex$1,697.05Mex$1,442.49n/a8
May ’25n/a
Mex$1,558.73
0%
5.8%Mex$1,665.90Mex$1,416.02n/a9
Apr ’25n/a
Mex$1,558.73
0%
5.8%Mex$1,665.90Mex$1,416.02n/a9
Mar ’25n/a
Mex$1,563.82
0%
8.1%Mex$1,711.80Mex$1,338.63n/a9
Feb ’25n/a
Mex$1,393.60
0%
10.7%Mex$1,631.79Mex$1,099.31n/a9
Jan ’25n/a
Mex$1,308.12
0%
8.6%Mex$1,461.02Mex$1,087.27n/a8
Dec ’24n/a
Mex$1,322.90
0%
7.5%Mex$1,484.44Mex$1,117.70n/a8
Nov ’24n/a
Mex$1,322.76
0%
7.4%Mex$1,453.11Mex$1,145.39n/a8
Oct ’24n/a
Mex$1,322.76
0%
7.4%Mex$1,453.11Mex$1,145.39n/a8
Sep ’24n/a
Mex$1,322.76
0%
7.4%Mex$1,453.11Mex$1,145.39n/a8
Aug ’24n/a
Mex$1,273.80
0%
7.5%Mex$1,443.64Mex$1,137.93n/a8
Jul ’24n/a
Mex$1,312.95
0%
5.6%Mex$1,442.02Mex$1,192.78n/a8
Jun ’24n/a
Mex$1,312.95
0%
5.6%Mex$1,442.02Mex$1,192.78n/a8
May ’24n/a
Mex$1,198.87
0%
15.8%Mex$1,461.85Mex$794.09n/a7
Apr ’24n/a
Mex$1,231.15
0%
12.9%Mex$1,382.68Mex$833.40n/a8
Mar ’24n/a
Mex$1,178.23
0%
12.2%Mex$1,288.69Mex$810.04n/a8
Feb ’24Mex$1,000.61
Mex$1,098.45
+9.8%
12.4%Mex$1,216.74Mex$753.22n/a8
Jan ’24n/a
Mex$1,098.45
0%
12.4%Mex$1,216.74Mex$753.22n/a8
Dec ’23n/a
Mex$1,098.45
0%
12.4%Mex$1,216.74Mex$753.22n/a8
Nov ’23n/a
Mex$1,146.40
0%
15.3%Mex$1,387.01Mex$772.76n/a7

Analyst Forecast: Target price is less than 20% higher than the current share price.

Discover undervalued companies

Global Dominion Access

€400.4m

Provides integral services for business process efficiency and sustainability worldwide.

DOM N

€57.80

7D

0%

1Y

n/a

Open Text

US$10.1b

Provides information management software and solutions.

OTEX N

US$777.91

7D

0%

1Y

-6.6%

Amdocs

US$10.0b

Through its subsidiaries, provides software and services worldwide.

DOX N

US$1,456.43

7D

0%

1Y

n/a