Altair Engineering
Altair Engineering Inc., together with its subsidiaries, provides software and cloud solutions worldwide. The last earnings update was 19 days ago. More info.
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- Altair Engineering has significant price volatility in the past 3 months.
ALTR Share Price and Events
7 Day Returns
1 Year Returns
ALTR Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Altair Engineering (ALTR) | -2.3% | 8.8% | 37.9% | 19.8% | - | - |
| US Software | 2.5% | 5.1% | 18.3% | 24.3% | 108.3% | 136.1% |
| US Market | 1.6% | 2.1% | 12.8% | 3.2% | 38.6% | 43.6% |
1 Year Return vs Industry and Market
- ALTR underperformed the Software industry which returned 24.3% over the past year.
- ALTR outperformed the Market in United States of America which returned 3.2% over the past year.
ALTR Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Altair Engineering
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Altair Engineering.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 6 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 9.3% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Software Unlevered Beta | Simply Wall St/ S&P Global | 1.14 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.139 (1 + (1- 21%) (1.19%)) |
1.1 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.1 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.1 * 5.96%) |
9.29% |
Discounted Cash Flow Calculation for NasdaqGS:ALTR using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Altair Engineering is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 9.29%) |
|
|---|---|---|---|
| 2019 | 38.47 | Analyst x5 | 35.20 |
| 2020 | 54.83 | Analyst x4 | 45.90 |
| 2021 | 76.00 | Analyst x1 | 58.22 |
| 2022 | 93.86 | Est @ 23.49% | 65.79 |
| 2023 | 110.06 | Est @ 17.26% | 70.59 |
| 2024 | 124.26 | Est @ 12.9% | 72.93 |
| 2025 | 136.50 | Est @ 9.85% | 73.30 |
| 2026 | 147.04 | Est @ 7.72% | 72.25 |
| 2027 | 156.18 | Est @ 6.22% | 70.22 |
| 2028 | 164.26 | Est @ 5.17% | 67.57 |
| Present value of next 10 years cash flows | $631.97 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $164.26 × (1 + 2.73%) ÷ (9.29% – 2.73%) |
$2,572.79 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $2,572.79 ÷ (1 + 9.29%)10 |
$1,058.39 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $631.97 + $1,058.39 |
$1,690.36 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $1,690.36 / 70.68 |
$23.92 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $23.92 |
| Current discount | Discount to share price of
$37.68
= -1 x ($37.68 - $23.92) / $23.92 |
-57.5% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Altair Engineering is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Altair Engineering's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Altair Engineering's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in USD | $0.20 |
| NasdaqGS:ALTR Share Price ** | NasdaqGS (2019-03-19) in USD | $37.68 |
| United States of America Software Industry PE Ratio | Median Figure of 84 Publicly-Listed Software Companies | 52.56x |
| United States of America Market PE Ratio | Median Figure of 3,056 Publicly-Listed Companies | 17.77x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Altair Engineering.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NasdaqGS:ALTR Share Price ÷ EPS (both in USD) = 37.68 ÷ 0.20 |
185.36x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Altair Engineering is overvalued based on earnings compared to the US Software industry average.
- Altair Engineering is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Altair Engineering's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 185.36x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts |
36%per year |
| United States of America Software Industry PEG Ratio | Median Figure of 66 Publicly-Listed Software Companies | 3.58x |
| United States of America Market PEG Ratio | Median Figure of 2,107 Publicly-Listed Companies | 1.49x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 185.36x ÷ 36% |
5.15x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Altair Engineering is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Altair Engineering's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in USD | $4.07 |
| NasdaqGS:ALTR Share Price * | NasdaqGS (2019-03-19) in USD | $37.68 |
| United States of America Software Industry PB Ratio | Median Figure of 220 Publicly-Listed Software Companies | 5.72x |
| United States of America Market PB Ratio | Median Figure of 5,154 Publicly-Listed Companies | 1.89x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NasdaqGS:ALTR Share Price ÷ Book Value per Share (both in USD) = 37.68 ÷ 4.07 |
9.27x |
* Primary Listing of Altair Engineering.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Altair Engineering is overvalued based on assets compared to the US Software industry average.
Value checks
We assess Altair Engineering's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Software industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Software industry average (and greater than 0)? (1 check) Altair Engineering has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
ALTR Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Altair Engineering's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Altair Engineering's earnings growth is expected to exceed the United States of America market average.
- Altair Engineering's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NasdaqGS:ALTR Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts | 36% |
| NasdaqGS:ALTR Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts | 14.1% |
| United States of America Software Industry Earnings Growth Rate | Market Cap Weighted Average | 16.1% |
| United States of America Software Industry Revenue Growth Rate | Market Cap Weighted Average | 10.8% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 14.3% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.1% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 6 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 603 | 94 | 35 | 1 |
| 2020-12-31 | 542 | 65 | 36 | 5 |
| 2019-12-31 | 478 | 46 | 20 | 6 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 396 | 36 | 14 |
| 2018-09-30 | 371 | 39 | -48 |
| 2018-06-30 | 362 | 27 | -85 |
| 2018-03-31 | 348 | 24 | -93 |
| 2017-12-31 | 333 | 16 | -99 |
| 2017-09-30 | 326 | 17 | -33 |
| 2017-06-30 | 319 | 25 | -3 |
| 2017-03-31 | 314 | 30 | 6 |
| 2016-12-31 | 313 | 21 | 10 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 6 Analyst Estimates (S&P Global) | See Below |
All data from Altair Engineering Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 0.93 | 0.93 | 0.93 | 1.00 |
| 2020-12-31 | 0.54 | 0.67 | 0.43 | 4.00 |
| 2019-12-31 | 0.34 | 0.55 | 0.25 | 4.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-12-31 | 0.20 |
| 2018-09-30 | -0.74 |
| 2018-06-30 | -1.42 |
| 2018-03-31 | -1.67 |
| 2017-12-31 | -1.89 |
| 2017-09-30 | -0.66 |
| 2017-06-30 | -0.06 |
| 2017-03-31 | 0.12 |
| 2016-12-31 | 0.21 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Altair Engineering's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Altair Engineering has a total score of 4/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
ALTR Past Performance
How has Altair Engineering performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Insufficient data to establish if Altair Engineering's year on year earnings growth rate was positive over the past 5 years.
- Altair Engineering has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
- Altair Engineering has become profitable in the last year making it difficult to compare the US Software industry average.
Earnings and Revenue History
All data from Altair Engineering Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 396.38 | 13.72 | 160.03 | 97.59 |
| 2018-09-30 | 371.04 | -47.61 | 152.86 | 95.78 |
| 2018-06-30 | 362.10 | -84.54 | 167.87 | 99.07 |
| 2018-03-31 | 348.18 | -93.30 | 170.91 | 97.17 |
| 2017-12-31 | 333.33 | -99.41 | 167.94 | 93.23 |
| 2017-09-30 | 326.31 | -33.16 | 155.71 | 87.11 |
| 2017-06-30 | 319.43 | -3.22 | 136.94 | 78.92 |
| 2017-03-31 | 313.95 | 6.00 | 126.30 | 73.09 |
| 2016-12-31 | 313.24 | 10.16 | 123.29 | 71.33 |
| 2015-12-31 | 294.13 | 10.93 | 117.15 | 62.78 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Altair Engineering has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Altair Engineering used its assets less efficiently than the US Software industry average last year based on Return on Assets.
- Altair Engineering's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Altair Engineering's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Software industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Altair Engineering has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
ALTR Health
How is Altair Engineering's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Altair Engineering's finances.
The net worth of a company is the difference between its assets and liabilities.
- Altair Engineering is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Altair Engineering's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Debt is covered by short term assets, assets are 4.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Altair Engineering Company Filings, last reported 2 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 286.78 | 31.75 | 35.35 |
| 2018-09-30 | 209.45 | 1.07 | 197.41 |
| 2018-06-30 | 201.71 | 1.08 | 199.23 |
| 2018-03-31 | 65.13 | 0.82 | 63.20 |
| 2017-12-31 | 60.59 | 0.41 | 39.21 |
| 2017-09-30 | -62.56 | 92.09 | 16.67 |
| 2017-06-30 | -41.43 | 71.10 | 17.42 |
| 2017-03-31 | -34.65 | 85.24 | 16.87 |
| 2016-12-31 | -34.65 | 85.24 | 16.87 |
| 2015-12-31 | -42.04 | 83.18 | 13.76 |
- Altair Engineering's level of debt (11.1%) compared to net worth is satisfactory (less than 40%).
- Unable to establish if Altair Engineering's debt level has increased without past 5-year debt data.
- Debt is well covered by operating cash flow (114.1%, greater than 20% of total debt).
- Altair Engineering earns more interest than it pays, coverage of interest payments is not a concern.
Financial health checks
We assess Altair Engineering's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Altair Engineering has a total score of 5/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
ALTR Dividends
What is Altair Engineering's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Altair Engineering
shares you are expected to receive
$0
in your first year as a dividend.
Dividend Amount
- Unable to evaluate Altair Engineering's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
- Unable to evaluate Altair Engineering's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 6 Analyst Estimates (S&P Global) | See Below |
| United States of America Software Industry Average Dividend Yield | Market Cap Weighted Average of 24 Stocks | 1.5% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2004 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.6% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2021-12-31 | 0.00 | 1.00 |
| 2020-12-31 | 0.00 | 1.00 |
| 2019-12-31 | 0.00 | 1.00 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to perform a dividend volatility check as Altair Engineering has not reported any payouts.
- Unable to verify if Altair Engineering's dividend has been increasing as the company has not reported any payouts.
Income/ dividend checks
We assess Altair Engineering's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Altair Engineering afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Altair Engineering has a total score of 0/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
ALTR Management
CEO
| COMPENSATION | $1,624,130 |
| AGE | 61 |
| TENURE AS CEO | 27.2 years |
CEO Bio
Mr. James R. Scapa, also known as Jim, has been President and Director of Datawatch Corporation since December 13, 2018. Mr. Scapa is Founder of Altair Engineering, Inc., and has been its Chairman of the Board and Chief Executive Officer since 1992. Mr. Scapa serves as Chairman and Chief Executive Officer at Altair Engineering Ltd. Mr. Scapa served as Secretary and Treasurer of Altair Engineering, Inc. since its inception in 1985 and served as its President. He has more than 30 years of engineering experience. He began his career in 1978 with Ford Motor Company, working on virtual prototyping technology. He left Ford in 1981 and took a part-time position at an engineering consulting firm, which he joined full-time after graduation. In 1985, he left Altair Engineering, Inc. to form Altair with partners George Christ and Mark Kistner. He served as an Engineering Consultant to the automotive industry. He serves as Director at Altair Engineering, Inc. In 2004, he was named an Ernst & Young Entrepreneur of the Year in Technology. Mr. Scapa holds a Bachelor of Science Degree in Mechanical Engineering from Columbia University in New York City and a Master of Business Administration from the University of Michigan.
CEO Compensation
- Jim's compensation has increased in line with Altair Engineering recently becoming profitable.
- Jim's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Altair Engineering management team in years:
- The average tenure for the Altair Engineering management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Jim Scapa
Founder
$2M
61
27.2 yrs
Howard Morof
Chief Financial Officer
$524K
58
6.1 yrs
Brett Chouinard
President
53
1.2 yrs
Martin Nichols
Chief Information Officer
55
7.7 yrs
Dave Simon
Chief Administrative Officer
0.2 yrs
Amy Messano
Chief Marketing Officer
0.2 yrs
Michael Kidder
Senior Vice President of Corporate Marketing
Michael Hoffmann
Senior Vice President Math & Systems
61
Nelson Dias
Chief Revenue Officer
51
13.2 yrs
Uwe Schramm
Chief Technical Officer of Solvers & Optimization
60
5.2 yrs
Board of Directors Tenure
Average tenure and age of the Altair Engineering board of directors in years:
- The average tenure for the Altair Engineering board of directors is less than 3 years, this suggests a new board.
Board of Directors
Jim Scapa
Founder
$2M
61
27.2 yrs
Brett Chouinard
President
53
0.3 yrs
Trace Harris
Non-Employee Director
$38K
53
2.6 yrs
Richard Hart
Non-Employee Director
$77K
54
1.9 yrs
Mary Boyce
Director
58
0.9 yrs
Steve Earhart
Director
$41K
70
7.8 yrs
Jan Kowal
Non-Employee Director
$39K
64
5.7 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 07. Mar 19 | Sell | Martin Nichols | Individual | 05. Mar 19 | 05. Mar 19 | -5,000 | $35.59 | $-177,950 | ||
| 11. Jun 18 | Sell | Martin Nichols | Individual | 11. Jun 18 | 11. Jun 18 | -10,000 | $33.43 | $-334,250 | ||
| 11. Jun 18 | Sell | Thomas Perring | Individual | 11. Jun 18 | 11. Jun 18 | -100,000 | $33.43 | $-3,342,500 | ||
| 11. Jun 18 | Sell | Jeffrey Brennan | Individual | 11. Jun 18 | 11. Jun 18 | -40,000 | $33.43 | $-1,337,000 | ||
| 11. Jun 18 | Sell | Nelson Dias | Individual | 11. Jun 18 | 11. Jun 18 | -4,000 | $33.43 | $-133,700 | ||
| 11. Jun 18 | Sell | Uwe Schramm | Individual | 11. Jun 18 | 11. Jun 18 | -26,000 | $33.43 | $-869,050 | ||
| 11. Jun 18 | Sell | Brett Chouinard | Individual | 11. Jun 18 | 11. Jun 18 | -75,000 | $33.43 | $-2,506,875 | ||
| 11. Jun 18 | Sell | James Brancheau | Individual | 11. Jun 18 | 11. Jun 18 | -120,000 | $33.43 | $-4,011,000 | ||
Management checks
We assess Altair Engineering's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Altair Engineering has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
ALTR News
Simply Wall St News
Did You Miss Altair Engineering's (NASDAQ:ALTR) 28% Share Price Gain?
We'll need to follow Altair Engineering for a while to get a better sense of its share price trend, since it hasn't been listed for particularly long. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … When a company is just on the edge of profitability it can be well worth considering other metrics in order to more precisely gauge growth (and therefore understand share price movements).
Simply Wall St - – Full articleRead This Before Buying Altair Engineering Inc. (NASDAQ:ALTR) Shares
But logic dictates you should pay some attention to whether insiders are buying or selling shares. … As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.'. … We generally consider it a negative if insiders have been selling on market, especially if they did so below the current price
Simply Wall St - – Full articleHow Much Of Altair Engineering Inc. (NASDAQ:ALTR) Do Insiders Own?
Generally speaking, as a company grows, institutions will increase their ownership. … So it's nice to see some insider ownership, because it may suggest that management is owner-oriented. … Our analysis of the ownership of the company, below, shows that.
Simply Wall St - – Full articleDoes Altair Engineering Inc's (NASDAQ:ALTR) CEO Salary Reflect Performance?
Recognizing whether CEO incentives are aligned with shareholders is a crucial part of investing. … This is because, if incentives are aligned, more value is created for shareholders which directly impacts your returns as an investor. … CEOs leading companies of similar size and profitability
Simply Wall St - – Full articleWho Are The Largest Shareholders In Altair Engineering Inc (ALTR)?
This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions. … Private Company Ownership Potential investors in ALTR should also look at another important group of investors: private companies, with a stake of 9.86%, who are primarily invested because of strategic and capital gain interests. … Thus, potential investors should look into these business relations and check how it can impact long-term shareholder returns.What this means for you: Are you a shareholder?
Simply Wall St - – Full articleShould You Invest In The Tech Stock Altair Engineering Inc (ALTR)?
As the company trails the rest of the industry in terms of growth, ALTR may also be a cheaper stock relative to its peers. … NasdaqGS:ALTR PE PEG Gauge Nov 8th 17 The software tech industry is trading at a PE ratio of 43x, higher than the rest of the US stock market PE of 22x. … If your initial investment thesis is around the growth prospects of ALTR, there are other tech companies that have delivered higher growth, and perhaps trading at a discount to the industry average.
Simply Wall St - – Full articleALTR Company Info
Description
Altair Engineering Inc., together with its subsidiaries, provides software and cloud solutions worldwide. The company operates through two segments, Software and Client Engineering Services. Its integrated suite of multi-disciplinary computer aided engineering software optimizes design performance across various disciplines, including structures, motion, fluids, thermal management, electromagnetics, system modeling and embedded systems. The company offers software products in the areas of design, modeling, visualization; physics simulation; data intelligence; cloud computing; and Internet of things for decision making in product design and development, manufacturing, energy management and exploration, financial services, health care, and retail operations. It also provides consulting, training, and implementation services; and client engineering services to support customers with ongoing product design and development services. The company was founded in 1985 and is headquartered in Troy, Michigan.
Details
| Name: | Altair Engineering Inc. |
| ALTR | |
| Exchange: | NasdaqGS |
| Founded: | 1985 |
| $2,664,562,371 | |
| 70,678,047 | |
| Website: | http://www.altair.com |
| Address: |
Altair Engineering Inc. 1820 East Big Beaver Road, Troy, Michigan, 48083, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NasdaqGS | ALTR | New Class A Shares | Nasdaq Global Select | US | USD | 01. Nov 2017 | |
| DB | 8A2 | New Class A Shares | Deutsche Boerse AG | DE | EUR | 01. Nov 2017 |
Number of employees
Current staff
Industry
| Application Software | |
| Software |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/03/20 00:45 |
| End of day share price update: | 2019/03/19 00:00 |
| Last estimates confirmation: | 2019/03/14 |
| Last earnings filing: | 2019/03/01 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
