Altair Engineering Inc
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- Market Cap.:
- $5.32 billion
- Book Value:
- Revenue TTM:
- $572.22 million
- Operating Margin TTM:
- Gross Profit TTM:
- $449.33 million
- Profit Margin:
- Return on Assets TTM:
- Return on Equity TTM:
Altair Engineering Inc had its IPO on 2017-11-01 under the ticker symbol ALTR.
The company operates in the Technology sector and Software-Infrastructure industry. Altair Engineering Inc has a staff strength of 3,200 employees.
Shares of Altair Engineering Inc opened at $70.29 at the start of the last trading session i.e. 2023-03-30.
The stocks traded within a range of $70.29 - $71.1, and closed at $70.8.
This is a +1.24% increase from the previous day's closing price.
A total volume of 184,327 shares were traded at the close of the day’s session.
In the last one week, shares of Altair Engineering Inc have increased by +3.8%.
Altair Engineering Inc's Key Ratios
Altair Engineering Inc has a market cap of $5.32 billion, indicating a price to book ratio of 7.1069 and a price to sales ratio of 6.6584.
In the last 12-months Altair Engineering Inc’s revenue was $572.22 million with a gross profit of $449.33 million and an EBITDA of $28.57 million. The EBITDA ratio measures Altair Engineering Inc's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, Altair Engineering Inc’s operating margin was -1.21% while its return on assets stood at -0.37% with a return of equity of -7.34%.
In Q4, Altair Engineering Inc’s quarterly earnings growth was a negative -27.8% while revenue growth was a positive 13.9%.
Altair Engineering Inc’s PE and PEG Ratio
- Forward PE
- Trailing PE
Its diluted EPS in the last 12-months stands at $-0.56 per share while it has a forward price to earnings multiple of 51.5464 and a PEG multiple of 4.3016. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Altair Engineering Inc’s profitability.
Altair Engineering Inc stock is trading at a EV to sales ratio of 6.936 and a EV to EBITDA ratio of -2551.7513. Its price to sales ratio in the trailing 12-months stood at 6.6584.
Altair Engineering Inc stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.
Balance sheet and cash flow metrics
- Total Assets
- $1.20 billion
- Total Liabilities
- $232.74 million
- Operating Cash Flow
- Capital Expenditure
- $2.93 million
- Dividend Payout Ratio
Altair Engineering Inc ended 2023 with $1.20 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $1.20 billion while shareholder equity stood at $569.74 million.
Altair Engineering Inc ended 2023 with $0 in deferred long-term liabilities, $232.74 million in other current liabilities, 5000.00 in common stock, $-121577000.00 in retained earnings and $449.05 million in goodwill. Its cash balance stood at $316.15 million and cash and short-term investments were $316.15 million. The company’s total short-term debt was $10,396,000 while long-term debt stood at $305.60 million.
Altair Engineering Inc’s total current assets stands at $526.83 million while long-term investments were $0 and short-term investments were $0. Its net receivables were $170.28 million compared to accounts payable of $10.43 million and inventory worth $0.
In 2023, Altair Engineering Inc's operating cash flow was $-3338000.00 while its capital expenditure stood at $2.93 million.
Comparatively, Altair Engineering Inc paid $0 in dividends in 2023.
Other key metrics
- Current Trading Price
- 52-Week High
- 52-Week Low
- Analyst Target Price
Altair Engineering Inc stock is currently trading at $70.8 per share. It touched a 52-week high of $67.59 and a 52-week low of $67.59. Analysts tracking the stock have a 12-month average target price of $64.
Its 50-day moving average was $61.17 and 200-day moving average was $52.59 The short ratio stood at 9.64 indicating a short percent outstanding of 0%.
Around 165.1% of the company’s stock are held by insiders while 9778.4% are held by institutions.
Frequently Asked Questions About Altair Engineering Inc
Similar Industry Stocks (Software-Infrastructure)
Altair Engineering Inc., together with its subsidiaries, provides software and cloud solutions in the areas of simulation, high-performance computing, data analytics, and artificial intelligence in the United States and internationally. The company operates in two segments: Software and Client Engineering Services. The Software segment offers solvers and optimization technology products, high-performance computing software applications and hardware products, modeling and visualization tools, data analytics and analysis products, and Internet of Things platform and analytics tools, as well as support and the complementary software products. This segment also provides software technologies in the areas of computational fluid dynamics and fatigue, manufacturing process simulation, and cost estimation for the applications in marine, motorcycle, aerospace, chemical, and architecture industries; and software-related services, such as consulting, implementation, and training services that focuses on the product design and development expertise and analysis from the component level up to complete product engineering at various stage of the lifecycle. The Client Engineering Services segment provides client engineering services. In addition, the company is involved in the development and sale of solid state lighting technology along with communication and control protocols based on its intellectual property for the direct replacement of fluorescent light tubes with LED lamps. Its integrated suite of software optimizes design performance across various disciplines, including structures, motion, fluids, thermal management, electromagnetics, system modeling, and embedded systems. The company serves universities, government agencies, manufacturers, pharmaceutical firms, banking, financial services, and insurance, weather prediction agencies, and electronics design companies. Altair Engineering Inc. was incorporated in 1985 and is headquartered in Troy, Michigan.