Altium Limited

OTCPK:ALMF.F Stock Report

Market Cap: US$5.9b

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

Altium Valuation

Is ALMF.F undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: ALMF.F ($48) is trading below our estimate of fair value ($52.63)

Significantly Below Fair Value: ALMF.F is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ALMF.F?

Key metric: As ALMF.F is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ALMF.F. This is calculated by dividing ALMF.F's market cap by their current earnings.
What is ALMF.F's PE Ratio?
PE Ratio84.4x
EarningsUS$69.73m
Market CapUS$5.89b

Price to Earnings Ratio vs Peers

How does ALMF.F's PE Ratio compare to its peers?

The above table shows the PE ratio for ALMF.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average48x
SPSC SPS Commerce
92.5x12.0%US$7.3b
PEGA Pegasystems
67.4x23.9%US$8.2b
OTEX Open Text
16.8x18.1%US$7.9b
DBX Dropbox
15.2x-0.1%US$8.8b
ALMF.F Altium
84.4x20.1%US$9.0b

Price-To-Earnings vs Peers: ALMF.F is expensive based on its Price-To-Earnings Ratio (84.4x) compared to the peer average (63.1x).

Price to Earnings Ratio vs Industry

How does ALMF.F's PE Ratio compare vs other companies in the US Software Industry?

11 CompaniesPrice / EarningsEstimated GrowthMarket Cap
AISP Airship AI Holdings
4.4x-27.8%US$74.49m
GRRR Gorilla Technology Group
2.6x-67.4%US$59.10m
NISN Nisun International Enterprise Development Group
2.1xn/aUS$32.49m
NXTT Next Technology Holding
0.6xn/aUS$15.84m
ALMF.F 84.4xIndustry Avg. 42.3xNo. of Companies11PE020406080100+
11 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ALMF.F is expensive based on its Price-To-Earnings Ratio (84.4x) compared to the US Software industry average (40.4x).

Price to Earnings Ratio vs Fair Ratio

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

ALMF.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio84.4x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate ALMF.F's Price-To-Earnings 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 ALMF.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
US$42.52
0%
15.7%US$44.88US$23.65n/a9
Nov ’25n/a
US$42.52
0%
15.7%US$44.88US$23.65n/a9
Oct ’25n/a
US$42.52
0%
15.7%US$44.88US$23.65n/a9
Sep ’25n/a
US$42.52
0%
15.7%US$44.88US$23.65n/a9
Aug ’25US$48.00
US$42.52
-11.4%
15.7%US$44.88US$23.65n/a9
Jul ’25US$45.00
US$43.76
-2.8%
13.1%US$45.59US$24.02n/a13
Jun ’25n/a
US$43.01
0%
13.7%US$45.44US$23.94n/a13
May ’25US$42.67
US$42.23
-1.0%
13.7%US$44.54US$23.46n/a13
Apr ’25US$42.26
US$42.14
-0.3%
13.7%US$44.51US$23.41n/a13
Mar ’25US$42.25
US$42.40
+0.3%
13.7%US$44.73US$23.57n/a13
Feb ’25n/a
US$31.02
0%
12.1%US$37.14US$24.06n/a15
Jan ’25n/a
US$31.06
0%
10.2%US$34.76US$24.95n/a15
Dec ’24n/a
US$30.45
0%
9.9%US$34.03US$24.42n/a15
Nov ’24n/a
US$27.63
0%
12.1%US$31.96US$18.77n/a16
Oct ’24US$27.55
US$27.66
+0.4%
12.3%US$32.14US$18.88n/a15
Sep ’24US$30.29
US$27.05
-10.7%
12.4%US$32.24US$18.94n/a15
Aug ’24US$25.34
US$25.60
+1.0%
11.4%US$28.76US$19.42US$48.0015
Jul ’24US$24.52
US$26.02
+6.1%
11.9%US$29.31US$19.56US$45.0015
Jun ’24US$25.04
US$25.77
+2.9%
11.4%US$28.93US$19.31n/a15
May ’24US$25.89
US$25.97
+0.3%
11.4%US$29.17US$19.47US$42.6715
Apr ’24n/a
US$26.64
0%
9.5%US$29.42US$21.39US$42.2614
Mar ’24US$26.05
US$26.80
+2.9%
9.6%US$29.72US$21.62US$42.2514
Feb ’24n/a
US$25.79
0%
14.3%US$30.18US$17.24n/a15
Jan ’24n/a
US$23.94
0%
15.0%US$28.23US$16.12n/a14
Dec ’23US$25.00
US$23.94
-4.2%
15.0%US$28.23US$16.12n/a14
Nov ’23n/a
US$22.33
0%
13.8%US$26.49US$15.62n/a13

Analyst Forecast: Target price is lower than the current share price.

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