ALTR's one year PEG ratio, measuring expected growth in earnings next year relative to current common stock price is 1,370.72 -- higher than 97.1% of US-listed equities with positive expected earnings growth.
Altair Engineering Inc's stock had its IPO on November 1, 2017, making it an older stock than just 10.12% of US equities in our set.
Price to trailing twelve month operating cash flow for ALTR is currently 152.99, higher than 96.49% of US stocks with positive operating cash flow.
If you're looking for stocks that are quantitatively similar to Altair Engineering Inc, a group of peers worth examining would be IDN, LQDT, APPN, CRNT, and PING.
Altair Engineering Inc., together with its subsidiaries, provides enterprise-class engineering software worldwide. Its integrated suite of multi-disciplinary computer aided engineering software optimizes design performance across various disciplines, including structures, motion, fluids, thermal management, electro-magnetics, system modeling and embedded systems, as well as provides data analytics and true-to-life visualization and rendering. The company also offers client engineering services to support customers with long-term ongoing product design and development services, as well as consulting, training, and support services. Altair Engineering Inc. was founded in 1985 and is based in Troy, Michigan.
ALTR Price Forecast Based on DCF Valuation
DCF Fair Value Target:
Below please find a table outlining a discounted cash flow forecast for ALTR, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that Altair Engineering Inc ranked in the 10th percentile in terms of potential gain offered. Our DCF analysis suggests the stock is overvalued by about 93%. In terms of the factors that were most noteworthy in this DCF analysis for ALTR, they are:
The business' balance sheet reveals debt to be 5% of the company's capital (with equity being the remaining amount). Approximately just 17.8% of US stocks with free cash flow have a lower reliance on debt in their capital structure.
As a business, Altair Engineering Inc experienced a tax rate of about 56% over the past twelve months; relative to its sector (Technology), this tax rate is higher than 94.32% of stocks generating free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Technology that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as ALTR, try ON, WK, CASA, GWRE, and PLT.
DUBLIN--(BUSINESS WIRE)--The "Global Automotive Engineering Services Outsourcing Market Analysis 2020" report has been added to ResearchAndMarkets.com's offering. The Global Automotive Engineering Services Outsourcing market is expected to reach $324.78 billion by 2026 growing at a CAGR of 25.7% during 2019 to 2026. The automotive engineering is also known as automobile engineering, it's a combination of mechanical, electrical and material science. Automotive engineering services outsourcing co
Altair Engineering Inc. (NASDAQ:ALTR) major shareholder George J. Christ sold 50,000 shares of Altair Engineering stock in a transaction on Monday, January 11th. The shares were sold at an average price of $60.05, for a total transaction of $3,002,500.00. Following the completion of the sale, the insider now directly owns 50,000 shares in the company, […]
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