With a one year PEG ratio of 1,220, Altair Engineering Inc is expected to have a higher PEG ratio (a measure of how expensive a stock is relative to its expected earnings growth) than 96.83% of US stocks.
ALTR's went public 3.08 years ago, making it older than merely 9.92% of listed US stocks we're tracking.
Price to trailing twelve month operating cash flow for ALTR is currently 136.17, higher than 96.85% 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 PING, APPN, IDN, BAND, and CSTL.
ALTR's SEC filings can be seen here. And to visit Altair Engineering Inc's official web site, go to www.altair.com.
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:
We started the process of determining a valid price forecast for Altair Engineering Inc with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Altair Engineering Inc ranked in the 10th percentile in terms of potential gain offered. We should note, though, that the most conservative analysis suggests this stock will yield negative results -- and thus may be a potential short opportunity. In terms of the factors that were most noteworthy in this DCF analysis for ALTR, they are:
The business' balance sheet suggests that 6% of the company's capital is sourced from debt; this is greater than merely 17.77% of the free cash flow producing stocks we're observing.
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 94.06% 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 CASA, ELSE, GWRE, WK, and GLW.
Under the new multiyear agreement, Altair (ALTR) will run many of its internal workloads and commercial SaaS on Oracle (ORCL) Cloud infrastructure.The extended partnership will include Altair's high-performance engineering simulation and analytics products.Altair has 11,000 customers worldwide across a wide range of industries, including manufacturing, life sciences, automotive, and financial services."Our customers...
Considering its heavy exposure to some of the most cyclical stocks in the market that have been negatively impacted by the coronavirus, Altair (ALTR) has held up relatively well in the markets this year. Shares are up 13% year-to-date, doubling a ~6% rise in the S&P 500 (yet falling short...