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Altair Engineering Inc

Technology US ALTR

111.85USD
-(-%)

Last update at 2025-03-26T13:30:00Z

Day Range

111.85111.85
LowHigh

52 Week Range

72.33113.12
LowHigh

Fundamentals

  • Previous Close 111.85
  • Market Cap9100.20M
  • Volume0
  • P/E Ratio267.07
  • Dividend Yield-%
  • EBITDA71.68M
  • Revenue TTM644.66M
  • Revenue Per Share TTM7.75
  • Gross Profit TTM 449.33M
  • Diluted EPS TTM0.40

Analyst Recommendations

Financials

Income Statement

2018-12-312019-12-312020-12-312021-12-312022-12-310M50M100M150M200M250M300M350M400M450M500M550M
Total Revenue
Net Income

Balancesheet

2019-12-312020-12-312021-12-312022-12-312023-12-310M100M200M300M400M500M600M700M800M900M1000M1100M1200M1300M
Total Assets
Total Liabilities

Change in Cash

2018-12-312019-12-312020-12-312021-12-312022-12-31-80M-60M-40M-20M0M20M40M60M80M100M120M140M160M180M

Total Operating Cash

2018-12-312019-12-312020-12-312021-12-312022-12-3130M35M40M45M50M55M60M65M

Dividends Paid

2018-12-312019-12-312020-12-312021-12-312022-12-310M5M10M15M20M25M30M35M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax -28.21300M -0.28800M 2.03M 3.39M 27.02M
Minority interest - - - - -
Net income -43.42900M -8.79400M -10.50000M -7.54200M 13.71M
Selling general administrative 97.61M 91.50M 86.43M 82.18M 79.75M
Selling and marketing expenses 155.25M 132.75M 111.44M 106.05M 80.28M
Gross profit 449.33M 402.51M 348.62M 326.32M 280.41M
Reconciled depreciation 35.50M 25.64M 23.81M 21.52M 14.73M
Ebit -23.83600M 12.34M 11.71M 8.21M 27.22M
Ebitda 11.67M 37.42M 37.44M 31.28M 41.96M
Depreciation and amortization 35.50M 25.08M 25.72M 23.07M 14.73M
Non operating income net other -16.89900M -0.56200M 1.92M 1.55M 2.58M
Operating income -23.83600M 12.34M 11.71M 8.21M 24.64M
Other operating expenses 579.16M 519.84M 458.21M 450.71M 371.74M
Interest expense 4.38M 12.06M 11.60M 6.37M 0.20M
Tax provision 15.22M 8.51M 12.53M 10.93M 13.31M
Interest income - - - 7.12M 0.43M
Net interest income -4.37700M -12.06500M -11.59800M -6.37100M -0.20000M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense 15.22M 8.51M 12.53M 10.93M 13.31M
Total revenue 572.22M 532.18M 469.92M 458.92M 396.38M
Total operating expenses 456.27M 390.17M 336.90M 318.11M 255.76M
Cost of revenue 122.89M 129.67M 121.31M 132.60M 115.97M
Total other income expense net -4.37700M -12.62700M -9.68100M -4.81900M 2.58M
Discontinued operations - - - - -
Net income from continuing ops -43.42900M -8.79400M -10.50000M -7.54200M 13.71M
Net income applicable to common shares -43.42900M -8.79400M -10.50000M -7.54200M 15.54M
Preferred stock and other adjustments - - - - -
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total assets 1363.49M 1204.74M 1163.28M 829.90M 743.14M
Intangible assets 83.55M 107.61M 99.06M 76.11M 67.08M
Earning assets - - - - -
Other current assets 26.05M 29.14M 27.53M 21.10M 17.09M
Total liab 652.16M 635.00M 549.29M 450.53M 386.09M
Total stockholder equity 711.33M 569.74M 613.98M 379.37M 357.06M
Deferred long term liab - 0.40M 0.40M 0.60M 0.80M
Other current liab 88.39M 98.83M 164.53M 64.65M 59.28M
Common stock 0.00800M 0.00800M 0.79M 0.79M 2.36M
Capital stock 0.00800M 0.00800M 0.79M 0.79M 2.36M
Retained earnings -130.50300M -121.57700M -102.08700M -93.29300M -82.40500M
Other liab - 72.58M 56.55M 37.59M 37.16M
Good will 458.12M 449.05M 370.18M 264.48M 233.68M
Other assets - 50.14M 36.85M 66.04M 25.50M
Cash 467.46M 316.15M 413.74M 241.22M 223.12M
Cash and equivalents - - - - -
Total current liabilities 324.11M 232.74M 473.98M 200.75M 152.87M
Current deferred revenue 136.44M 113.08M 93.16M 86.80M 75.43M
Net debt -128.62500M 23.92M -184.55500M 12.47M -15.13400M
Short term debt 90.28M 10.40M 209.64M 40.72M 9.57M
Short long term debt 81.45M - 199.71M 30.38M 0.43M
Short long term debt total 338.83M 340.06M 229.19M 253.69M 207.98M
Other stockholder equity 864.13M 721.31M 724.23M 474.67M 446.63M
Property plant equipment - 37.52M 68.97M 36.33M 64.43M
Total current assets 700.62M 526.83M 588.22M 386.94M 352.46M
Long term investments - - - - -
Net tangible assets - 13.08M 143.96M 38.77M 53.95M
Short term investments - - - - -
Net receivables 207.11M 181.54M 146.95M 124.61M 112.25M
Long term debt 225.93M 305.60M - 188.65M 178.24M
Inventory - - - - 2.40M
Accounts payable 8.99M 10.43M 6.65M 8.59M 8.59M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -22.30900M -30.00200M -8.95000M -2.79700M -9.52800M
Additional paid in capital - - - - -
Common stock total equity - 0.00800M 0.00800M 0.79M 2.36M
Preferred stock total equity - - - - -
Retained earnings total equity - -121.57700M -102.08700M -93.29300M -82.40500M
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 34.16M 40.41M 28.35M 25.39M 19.71M
Deferred long term asset charges - - - - 5.79M
Non current assets total 662.87M 677.91M 575.05M 442.97M 390.69M
Capital lease obligations 31.45M 34.46M 29.48M 34.65M 29.32M
Long term debt total - 305.60M - 188.65M 178.24M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -154.51100M -62.48200M -49.09200M -35.83900M -206.21000M
Change to liabilities -55.41200M 6.25M 5.92M -1.14500M 0.66M
Total cashflows from investing activities -154.51100M -62.48200M -49.09200M -35.83900M -206.21000M
Net borrowings 30.32M -30.00000M 30.00M 190.92M 30.82M
Total cash from financing activities 22.98M 175.95M 31.25M 191.92M 167.53M
Change to operating activities -55.31700M -1.58200M 0.96M -5.60400M -2.44500M
Net income -43.42900M -8.79400M -10.50000M -7.54200M 13.71M
Change in cash -97.05400M 172.47M 18.05M 187.81M -3.89300M
Begin period cash flow 414.01M 241.55M 223.50M 35.69M 39.58M
End period cash flow 316.96M 414.01M 241.55M 223.50M 35.69M
Total cash from operating activities 39.57M 61.62M 32.88M 31.39M 36.23M
Issuance of capital stock 0.00000M 200.00M 0.00000M 1.51M 137.65M
Depreciation 35.50M 25.64M 23.81M 21.52M 14.73M
Other cashflows from investing activities -144.86300M -0.30600M -42.99900M -26.17900M -199.55100M
Dividends paid - - - - 37.04M
Change to inventory - -9.34300M -0.88700M -4.47400M -8.12300M
Change to account receivables -34.17500M -15.64500M -11.03200M -7.90100M -1.39400M
Sale purchase of stock -19.65900M 206.48M 1.71M 1.51M -0.67500M
Other cashflows from financing activities 231.49M 5.95M 31.25M 318.35M 73.81M
Change to netincome 81.01M 44.32M 12.38M 8.26M 0.42M
Capital expenditures 9.65M 8.19M 8.23M 10.13M 9.39M
Change receivables -34.17500M -15.64500M -11.03200M -7.90100M -1.39400M
Cash flows other operating 54.28M -5.59700M 1.48M 12.54M 8.10M
Exchange rate changes - - - - -
Cash and cash equivalents changes -91.96000M 175.09M 15.04M 187.47M -2.45000M
Change in working capital -44.77500M -10.97300M -3.63500M 3.50M 7.36M
Stock based compensation 84.79M 44.55M 21.36M 8.53M 3.34M
Other non cash items 11.65M 12.70M 12.21M 6.34M -3.68400M
Free cash flow 29.92M 53.43M 24.66M 21.26M 26.84M

Peer Comparison

Sector: Technology Industry: Software - Infrastructure

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
ALTR
Altair Engineering Inc		 - -% 111.85 267.07 75.76 14.12 10.81 13.64 88.31
MSFT
Microsoft Corporation		 -12.34 3.16% 378.24 37.32 29.94 13.03 12.45 13.06 24.59
ORCL
Oracle Corporation		 -5.75 3.94% 140.03 29.34 18.66 5.55 74.06 7.10 18.13
ADBE
Adobe Systems Incorporated		 -9.8399 2.48% 386.31 46.32 26.81 11.51 16.73 11.55 31.20
PANW
Palo Alto Networks Inc		 -1.5995 0.92% 172.84 44.57 45.05 11.98 20.70 11.82 77.11

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Profile

Altair Engineering Inc., together with its subsidiaries, provides software and cloud solutions in the areas of simulation and design, high-performance computing, data analytics, and artificial intelligence in the United States and internationally. It 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 automotive, 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 tubes with LED lighting. 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.

Altair Engineering Inc

1820 East Big Beaver Road, Troy, MI, United States, 48083

Key Executives

Name Title Year Born
Mr. James R. Scapa Founder, Chairman & CEO 1957
Mr. Matthew Charles Brown Chief Financial Officer 1981
Ms. Gilma Saravia Chief People Officer 1975
Dr. Uwe Schramm Ph.D. Exec. Officer 1958
Ms. Stephanie Buckner Chief Operating Officer 1988
Mr. Brian Gayle Chief Accounting Officer 1977
Mr. Srikanth Mahalingam Chief Technology Officer 1971
Mr. David L. Simon Sr. VP of Investor Relations 1964
Mr. Raoul Maitra Chief Legal Officer 1971
Ms. Amy Messano Chief Marketing Officer 1971

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