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 Average46.7x
SPSC SPS Commerce
88.8x12.0%US$7.1b
PEGA Pegasystems
66x25.0%US$8.2b
OTEX Open Text
15.8x18.6%US$7.4b
DBX Dropbox
16.4x-0.1%US$9.5b
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?

10 CompaniesPrice / EarningsEstimated GrowthMarket Cap
YXT YXT.COM Group Holding
2.4xn/aUS$150.19m
NISN Nisun International Enterprise Development Group
1.7xn/aUS$28.70m
NXTT Next Technology Holding
0.7xn/aUS$15.98m
ULY Urgent.ly
0.07x-13.0%US$6.36m
ALMF.F 84.4xIndustry Avg. 40.7xNo. of Companies11PE020406080100+
10 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
Dec ’25n/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

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/08/01 14:57
End of Day Share Price 2024/07/31 00:00
Earnings2023/12/31
Annual Earnings2023/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Altium Limited is covered by 21 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Russell WrightAPP Securities Pty Ltd.
Russell WrightBarclay Pearce Capital Pty Limited
Ware KuoBofA Global Research