ALTRI SGPS SA (ALTR.LS) Stock Fundamental Analysis
Europe - Euronext Lisbon - ELI:ALTR - PTALT0AE0002 - Common Stock
4.44 EUR
-0.02 (-0.56%)
Overall ALTR gets a fundamental rating of 4 out of 10. We evaluated ALTR against 11 industry peers in the Paper & Forest Products industry. ALTR has an excellent profitability rating, but there are concerns on its financial health. ALTR does not seem to be growing, but still is valued expensively.
1. Profitability
1.1 Basic Checks
- ALTR had positive earnings in the past year.
- ALTR had a positive operating cash flow in the past year.
- ALTR had positive earnings in each of the past 5 years.
- ALTR had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
- Looking at the Return On Assets, with a value of 2.45%, ALTR is in the better half of the industry, outperforming 72.73% of the companies in the same industry.
- Looking at the Return On Equity, with a value of 7.27%, ALTR belongs to the top of the industry, outperforming 81.82% of the companies in the same industry.
- ALTR's Return On Invested Capital of 4.55% is fine compared to the rest of the industry. ALTR outperforms 72.73% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for ALTR is significantly above the industry average of 5.04%.
- The 3 year average ROIC (12.02%) for ALTR is well above the current ROIC(4.55%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.45% | ||
| ROE | 7.27% | ||
| ROIC | 4.55% |
ROA(3y)13.31%
ROA(5y)9.57%
ROE(3y)34.82%
ROE(5y)27.17%
ROIC(3y)12.02%
ROIC(5y)9.05%
1.3 Margins
- Looking at the Profit Margin, with a value of 4.15%, ALTR belongs to the top of the industry, outperforming 81.82% of the companies in the same industry.
- In the last couple of years the Profit Margin of ALTR has remained more or less at the same level.
- With a decent Operating Margin value of 6.82%, ALTR is doing good in the industry, outperforming 72.73% of the companies in the same industry.
- ALTR's Operating Margin has declined in the last couple of years.
- Looking at the Gross Margin, with a value of 22.40%, ALTR is doing worse than 72.73% of the companies in the same industry.
- In the last couple of years the Gross Margin of ALTR has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.82% | ||
| PM (TTM) | 4.15% | ||
| GM | 22.4% |
OM growth 3Y-0.95%
OM growth 5Y-1.82%
PM growth 3Y-8%
PM growth 5Y-1.3%
GM growth 3Y-0.6%
GM growth 5Y-2.42%
2. Health
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so ALTR is creating value.
- Compared to 1 year ago, ALTR has about the same amount of shares outstanding.
- ALTR has about the same amout of shares outstanding than it did 5 years ago.
- Compared to 1 year ago, ALTR has an improved debt to assets ratio.
2.2 Solvency
- An Altman-Z score of 1.90 indicates that ALTR is not a great score, but indicates only limited risk for bankruptcy at the moment.
- ALTR has a Altman-Z score (1.90) which is comparable to the rest of the industry.
- ALTR has a debt to FCF ratio of 33.45. This is a negative value and a sign of low solvency as ALTR would need 33.45 years to pay back of all of its debts.
- Looking at the Debt to FCF ratio, with a value of 33.45, ALTR is in line with its industry, outperforming 45.45% of the companies in the same industry.
- ALTR has a Debt/Equity ratio of 0.97. This is a neutral value indicating ALTR is somewhat dependend on debt financing.
- With a Debt to Equity ratio value of 0.97, ALTR is not doing good in the industry: 81.82% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.97 | ||
| Debt/FCF | 33.45 | ||
| Altman-Z | 1.9 |
ROIC/WACC0.72
WACC6.29%
2.3 Liquidity
- A Current Ratio of 1.17 indicates that ALTR should not have too much problems paying its short term obligations.
- With a Current ratio value of 1.17, ALTR is not doing good in the industry: 72.73% of the companies in the same industry are doing better.
- A Quick Ratio of 0.83 indicates that ALTR may have some problems paying its short term obligations.
- ALTR has a worse Quick ratio (0.83) than 63.64% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.17 | ||
| Quick Ratio | 0.83 |
3. Growth
3.1 Past
- ALTR shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -70.51%.
- ALTR shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 1.23% yearly.
- ALTR shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -15.59%.
- Measured over the past years, ALTR shows a small growth in Revenue. The Revenue has been growing by 2.56% on average per year.
EPS 1Y (TTM)-70.51%
EPS 3Y-4.68%
EPS 5Y1.23%
EPS Q2Q%-106.23%
Revenue 1Y (TTM)-15.59%
Revenue growth 3Y2.55%
Revenue growth 5Y2.56%
Sales Q2Q%-20.4%
3.2 Future
- Based on estimates for the next years, ALTR will show a decrease in Earnings Per Share. The EPS will decrease by -8.39% on average per year.
- Based on estimates for the next years, ALTR will show a decrease in Revenue. The Revenue will decrease by -1.75% on average per year.
EPS Next Y-66.23%
EPS Next 2Y-19.84%
EPS Next 3Y-6.16%
EPS Next 5Y-8.39%
Revenue Next Year-11.85%
Revenue Next 2Y-4.4%
Revenue Next 3Y-1.94%
Revenue Next 5Y-1.75%
3.3 Evolution
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- The Price/Earnings ratio is 29.60, which means the current valuation is very expensive for ALTR.
- ALTR's Price/Earnings is on the same level as the industry average.
- Compared to an average S&P500 Price/Earnings ratio of 28.82, ALTR is valued at the same level.
- ALTR is valuated correctly with a Price/Forward Earnings ratio of 13.33.
- 63.64% of the companies in the same industry are more expensive than ALTR, based on the Price/Forward Earnings ratio.
- ALTR is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 25.95, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29.6 | ||
| Fwd PE | 13.33 |
4.2 Price Multiples
- The rest of the industry has a similar Price/Free Cash Flow ratio as ALTR.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 56.08 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
- ALTR has a very decent profitability rating, which may justify a higher PE ratio.
- A cheap valuation may be justified as ALTR's earnings are expected to decrease with -6.16% in the coming years.
PEG (NY)N/A
PEG (5Y)23.97
EPS Next 2Y-19.84%
EPS Next 3Y-6.16%
5. Dividend
5.1 Amount
- ALTR has a Yearly Dividend Yield of 6.63%, which is a nice return.
- Compared to an average industry Dividend Yield of 2.99, ALTR pays a better dividend. On top of this ALTR pays more dividend than 90.91% of the companies listed in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.82, ALTR pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.63% |
5.2 History
- The dividend of ALTR decreases each year by -19.07%.
Dividend Growth(5Y)-19.07%
Div Incr Years1
Div Non Decr Years3
5.3 Sustainability
- 205.22% of the earnings are spent on dividend by ALTR. This is not a sustainable payout ratio.
- The Dividend Rate of ALTR has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP205.22%
EPS Next 2Y-19.84%
EPS Next 3Y-6.16%
ALTRI SGPS SA / ALTR.LS FAQ
What is the ChartMill fundamental rating of ALTRI SGPS SA (ALTR.LS) stock?
ChartMill assigns a fundamental rating of 4 / 10 to ALTR.LS.
What is the valuation status for ALTR stock?
ChartMill assigns a valuation rating of 3 / 10 to ALTRI SGPS SA (ALTR.LS). This can be considered as Overvalued.
How profitable is ALTRI SGPS SA (ALTR.LS) stock?
ALTRI SGPS SA (ALTR.LS) has a profitability rating of 7 / 10.
Can you provide the PE and PB ratios for ALTR stock?
The Price/Earnings (PE) ratio for ALTRI SGPS SA (ALTR.LS) is 29.6 and the Price/Book (PB) ratio is 2.21.
What is the expected EPS growth for ALTRI SGPS SA (ALTR.LS) stock?
The Earnings per Share (EPS) of ALTRI SGPS SA (ALTR.LS) is expected to decline by -66.23% in the next year.