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ALTRI SGPS SA (ALTR.LS) Stock Fundamental Analysis

ELI:ALTR - Euronext Lisbon - PTALT0AE0002 - Common Stock

5.31  +0.06 (+1.14%)

Fundamental Rating

5

ALTR gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 9 industry peers in the Paper & Forest Products industry. Both the profitability and the financial health of ALTR get a neutral evaluation. Nothing too spectacular is happening here. ALTR has a decent growth rate and is not valued too expensively. Finally ALTR also has an excellent dividend rating. This makes ALTR very considerable for dividend investing!


Dividend Valuation Growth Profitability Health

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6

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.
Each year in the past 5 years ALTR has been profitable.
Of the past 5 years ALTR 4 years had a positive operating cash flow.
ALTR.LS Yearly Net Income VS EBIT VS OCF VS FCFALTR.LS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 100M -100M 200M 300M 400M

1.2 Ratios

ALTR has a better Return On Assets (6.10%) than 85.71% of its industry peers.
ALTR has a Return On Equity of 18.72%. This is amongst the best in the industry. ALTR outperforms 85.71% of its industry peers.
The Return On Invested Capital of ALTR (8.86%) is better than 71.43% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for ALTR is above the industry average of 7.32%.
Industry RankSector Rank
ROA 6.1%
ROE 18.72%
ROIC 8.86%
ROA(3y)12.46%
ROA(5y)9.31%
ROE(3y)34.82%
ROE(5y)26.79%
ROIC(3y)9.33%
ROIC(5y)8.25%
ALTR.LS Yearly ROA, ROE, ROICALTR.LS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 20 40 60

1.3 Margins

ALTR's Profit Margin of 9.32% is amongst the best of the industry. ALTR outperforms 85.71% of its industry peers.
In the last couple of years the Profit Margin of ALTR has declined.
ALTR's Operating Margin of 13.54% is fine compared to the rest of the industry. ALTR outperforms 71.43% of its industry peers.
In the last couple of years the Operating Margin of ALTR has declined.
With a Gross Margin value of 28.86%, ALTR is not doing good in the industry: 71.43% of the companies in the same industry are doing better.
ALTR's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 13.54%
PM (TTM) 9.32%
GM 28.86%
OM growth 3Y15.23%
OM growth 5Y-22.19%
PM growth 3Y-3.73%
PM growth 5Y-26.2%
GM growth 3Y0.38%
GM growth 5Y-11.21%
ALTR.LS Yearly Profit, Operating, Gross MarginsALTR.LS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 10 20 30 40

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5

2. Health

2.1 Basic Checks

ALTR has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
ALTR has about the same amout of shares outstanding than it did 1 year ago.
ALTR has about the same amout of shares outstanding than it did 5 years ago.
The debt/assets ratio for ALTR is higher compared to a year ago.
ALTR.LS Yearly Shares OutstandingALTR.LS Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M 200M
ALTR.LS Yearly Total Debt VS Total AssetsALTR.LS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 500M 1B 1.5B 2B

2.2 Solvency

An Altman-Z score of 2.36 indicates that ALTR is not a great score, but indicates only limited risk for bankruptcy at the moment.
With a decent Altman-Z score value of 2.36, ALTR is doing good in the industry, outperforming 71.43% of the companies in the same industry.
The Debt to FCF ratio of ALTR is 3.77, which is a good value as it means it would take ALTR, 3.77 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 3.77, ALTR is doing good in the industry, outperforming 71.43% of the companies in the same industry.
A Debt/Equity ratio of 1.31 is on the high side and indicates that ALTR has dependencies on debt financing.
ALTR's Debt to Equity ratio of 1.31 is on the low side compared to the rest of the industry. ALTR is outperformed by 85.71% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.31
Debt/FCF 3.77
Altman-Z 2.36
ROIC/WACC1.44
WACC6.15%
ALTR.LS Yearly LT Debt VS Equity VS FCFALTR.LS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 200M 400M 600M

2.3 Liquidity

ALTR has a Current Ratio of 1.97. This is a normal value and indicates that ALTR is financially healthy and should not expect problems in meeting its short term obligations.
ALTR has a Current ratio of 1.97. This is in the better half of the industry: ALTR outperforms 71.43% of its industry peers.
ALTR has a Quick Ratio of 1.57. This is a normal value and indicates that ALTR is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.57, ALTR belongs to the top of the industry, outperforming 85.71% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.97
Quick Ratio 1.57
ALTR.LS Yearly Current Assets VS Current LiabilitesALTR.LS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 100M 200M 300M 400M 500M

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4

3. Growth

3.1 Past

The earnings per share for ALTR have decreased strongly by -73.12% in the last year.
The earnings per share for ALTR have been decreasing by -26.13% on average. This is quite bad
The Revenue for ALTR has decreased by -26.05% in the past year. This is quite bad
Measured over the past years, ALTR shows a small growth in Revenue. The Revenue has been growing by 0.10% on average per year.
EPS 1Y (TTM)-73.12%
EPS 3Y7.06%
EPS 5Y-26.13%
EPS Q2Q%N/A
Revenue 1Y (TTM)-26.05%
Revenue growth 3Y11.09%
Revenue growth 5Y0.1%
Sales Q2Q%18.69%

3.2 Future

Based on estimates for the next years, ALTR will show a very strong growth in Earnings Per Share. The EPS will grow by 29.44% on average per year.
ALTR is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.48% yearly.
EPS Next Y206.85%
EPS Next 2Y56.13%
EPS Next 3Y38.64%
EPS Next 5Y29.44%
Revenue Next Year14.24%
Revenue Next 2Y5.37%
Revenue Next 3Y2.71%
Revenue Next 5Y3.48%

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
ALTR.LS Yearly Revenue VS EstimatesALTR.LS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 200M 400M 600M 800M 1B
ALTR.LS Yearly EPS VS EstimatesALTR.LS Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0.2 0.4 0.6 0.8

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6

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 26.55 indicates a quite expensive valuation of ALTR.
ALTR's Price/Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Earnings ratio of 27.96, ALTR is valued at the same level.
ALTR is valuated reasonably with a Price/Forward Earnings ratio of 10.89.
Compared to the rest of the industry, the Price/Forward Earnings ratio of ALTR is on the same level as its industry peers.
ALTR is valuated cheaply when we compare the Price/Forward Earnings ratio to 24.11, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 26.55
Fwd PE 10.89
ALTR.LS Price Earnings VS Forward Price EarningsALTR.LS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Based on the Price/Free Cash Flow ratio, ALTR is valued a bit cheaper than the industry average as 71.43% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 6.78
EV/EBITDA N/A
ALTR.LS Per share dataALTR.LS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 1 2 3 4

4.3 Compensation for Growth

ALTR's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of ALTR may justify a higher PE ratio.
A more expensive valuation may be justified as ALTR's earnings are expected to grow with 38.64% in the coming years.
PEG (NY)0.13
PEG (5Y)N/A
EPS Next 2Y56.13%
EPS Next 3Y38.64%

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7

5. Dividend

5.1 Amount

ALTR has a Yearly Dividend Yield of 4.70%, which is a nice return.
ALTR's Dividend Yield is rather good when compared to the industry average which is at 3.71. ALTR pays more dividend than 85.71% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.33, ALTR pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.7%

5.2 History

The dividend of ALTR has a limited annual growth rate of 0.61%.
Dividend Growth(5Y)0.61%
Div Incr Years1
Div Non Decr Years2
ALTR.LS Yearly Dividends per shareALTR.LS Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 0.2 0.4 0.6

5.3 Sustainability

66.76% of the earnings are spent on dividend by ALTR. This is not a sustainable payout ratio.
The dividend of ALTR is growing, but earnings are growing more, so the dividend growth is sustainable.
DP66.76%
EPS Next 2Y56.13%
EPS Next 3Y38.64%
ALTR.LS Yearly Income VS Free CF VS DividendALTR.LS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 100M -100M 200M 300M 400M
ALTR.LS Dividend Payout.ALTR.LS Dividend Payout, showing the Payout Ratio.ALTR.LS Dividend Payout.PayoutRetained Earnings

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ALTRI SGPS SA

ELI:ALTR (1/17/2025, 7:00:00 PM)

5.31

+0.06 (+1.14%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryPaper & Forest Products
Earnings (Last)11-21 2024-11-21
Earnings (Next)N/A N/A
Inst Owners10.77%
Inst Owner ChangeN/A
Ins Owners67.71%
Ins Owner ChangeN/A
Market Cap1.09B
Analysts80
Price Target6.31 (18.83%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.7%
Yearly Dividend0.31
Dividend Growth(5Y)0.61%
DP66.76%
Div Incr Years1
Div Non Decr Years2
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-19.23%
Min EPS beat(2)-29.97%
Max EPS beat(2)-8.5%
EPS beat(4)1
Avg EPS beat(4)26.17%
Min EPS beat(4)-100%
Max EPS beat(4)243.14%
EPS beat(8)3
Avg EPS beat(8)41.86%
EPS beat(12)4
Avg EPS beat(12)24.98%
EPS beat(16)6
Avg EPS beat(16)51.17%
Revenue beat(2)1
Avg Revenue beat(2)-0.86%
Min Revenue beat(2)-2.8%
Max Revenue beat(2)1.08%
Revenue beat(4)1
Avg Revenue beat(4)-0.63%
Min Revenue beat(4)-2.8%
Max Revenue beat(4)1.08%
Revenue beat(8)3
Avg Revenue beat(8)-1.54%
Revenue beat(12)4
Avg Revenue beat(12)-4.39%
Revenue beat(16)5
Avg Revenue beat(16)-5.61%
PT rev (1m)0%
PT rev (3m)0.6%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)7.76%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-4.32%
Revenue NY rev (1m)-1.84%
Revenue NY rev (3m)-2.96%
Valuation
Industry RankSector Rank
PE 26.55
Fwd PE 10.89
P/S 1.32
P/FCF 6.78
P/OCF 5.4
P/B 2.65
P/tB 7.57
EV/EBITDA N/A
EPS(TTM)0.2
EY3.77%
EPS(NY)0.49
Fwd EY9.18%
FCF(TTM)0.78
FCFY14.74%
OCF(TTM)0.98
OCFY18.53%
SpS4.02
BVpS2
TBVpS0.7
PEG (NY)0.13
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 6.1%
ROE 18.72%
ROCE 10.87%
ROIC 8.86%
ROICexc 10.99%
ROICexgc 16.19%
OM 13.54%
PM (TTM) 9.32%
GM 28.86%
FCFM 19.48%
ROA(3y)12.46%
ROA(5y)9.31%
ROE(3y)34.82%
ROE(5y)26.79%
ROIC(3y)9.33%
ROIC(5y)8.25%
ROICexc(3y)11.5%
ROICexc(5y)10.07%
ROICexgc(3y)15.68%
ROICexgc(5y)14.05%
ROCE(3y)11.56%
ROCE(5y)10.19%
ROICexcg growth 3Y33.24%
ROICexcg growth 5Y-20.29%
ROICexc growth 3Y34.12%
ROICexc growth 5Y-19.89%
OM growth 3Y15.23%
OM growth 5Y-22.19%
PM growth 3Y-3.73%
PM growth 5Y-26.2%
GM growth 3Y0.38%
GM growth 5Y-11.21%
F-Score4
Asset Turnover0.65
Health
Industry RankSector Rank
Debt/Equity 1.31
Debt/FCF 3.77
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales 5%
Interest Coverage 250
Cash Conversion N/A
Profit Quality 209.07%
Current Ratio 1.97
Quick Ratio 1.57
Altman-Z 2.36
F-Score4
WACC6.15%
ROIC/WACC1.44
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)6.74%
Cap/Sales(5y)7.23%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-73.12%
EPS 3Y7.06%
EPS 5Y-26.13%
EPS Q2Q%N/A
EPS Next Y206.85%
EPS Next 2Y56.13%
EPS Next 3Y38.64%
EPS Next 5Y29.44%
Revenue 1Y (TTM)-26.05%
Revenue growth 3Y11.09%
Revenue growth 5Y0.1%
Sales Q2Q%18.69%
Revenue Next Year14.24%
Revenue Next 2Y5.37%
Revenue Next 3Y2.71%
Revenue Next 5Y3.48%
EBIT growth 1Y-71.07%
EBIT growth 3Y28.01%
EBIT growth 5Y-22.12%
EBIT Next Year313.33%
EBIT Next 3Y52.87%
EBIT Next 5Y40.17%
FCF growth 1Y-28.71%
FCF growth 3Y-29.75%
FCF growth 5Y-23.78%
OCF growth 1Y-26.66%
OCF growth 3Y-13.78%
OCF growth 5Y-14.91%