-0.14%
0.64%
6.11%
33.29%
27.04%
85.52%
186.70%
AI Spotlight on ALTR
Company Description
Altair Engineering Inc., together with its subsidiaries, provides software and cloud solutions in the areas of simulation, high-performance computing, data analytics, and artificial intelligence worldwide.The company operates in two segments, Software and Client Engineering Services.The Software segment includes 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 offers software technologies in the areas of computational fluid dynamics and fatigue, manufacturing process simulation, and cost estimation for the applications in 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 light tubes with LED lamps.
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's customers include 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.
Market Data
| Last Price | 110.35 |
| Change Percentage | -0.14% |
| Open | 110.62 |
| Previous Close | 110.51 |
| Market Cap ( Millions) | 9440 |
| Volume | 652780 |
| Year High | 113.12 |
| Year Low | 75.71 |
| M A 50 | 107.99 |
| M A 200 | 96.2 |
Financial Ratios
| FCF Yield | 1.34% |
| Dividend Yield | 0.00% |
| ROE | 4.24% |
| Debt / Equity | 31.01% |
| Net Debt / EBIDTA | -288.00% |
| Price To Book | 11.19 |
| Price Earnings Ratio | 284.94 |
| Price To FCF | 74.83 |
| Price To sales | 14.64 |
| EV / EBITDA | 104.21 |
News
- Jan -28 - Altair and Cranfield University Sign MoU to Advance Use of Simulation, Data Analytics, and AI
- Jan -22 - Altair Engineering Inc. Stockholders Approve Proposed Merger with Siemens
- Jan -13 - ACM vs. ALTR: Which Stock Should Value Investors Buy Now?
- Dec -18 - Altair® RapidMiner® Unlocks Next-Level Capabilities with Advanced AI Agent Framework
- Dec -12 - Altair Announces Partnership with CGI to Drive IT Modernization and AI Innovation
- Dec -11 - ACM vs. ALTR: Which Stock Is the Better Value Option?
- Dec -10 - Is Altair Engineering (ALTR) Stock Outpacing Its Construction Peers This Year?
- Dec -04 - Altair and Auburn University to Collaborate on $1.25 Million AFWERX Contract to Advance Vortex Rocket Engines
- Nov -25 - 3 Reasons Why Growth Investors Shouldn't Overlook Altair Engineering (ALTR)
- Nov -25 - ACM or ALTR: Which Is the Better Value Stock Right Now?
- Nov -19 - Altair Technology Powers Cleveland Golf's New HiBore XL Driver
- Nov -18 - Altair Solutions Now Supported on NVIDIA Grace Hopper and Grace CPU Superchip Architectures
- Nov -13 - Altair Collaborates with Aerospace Startup Moya Aero to Develop eVTOLs
- Nov -12 - Altair Signs Collaboration Agreement with the European Space Agency
- Nov -09 - Shareholder Alert: Ademi LLP Investigates Whether Altair Engineering Inc. Is Obtaining a Fair Price for Its Public Shareholders
- Nov -07 - Is Altair Engineering (ALTR) a Solid Growth Stock? 3 Reasons to Think "Yes"
- Nov -07 - Altair Engineering (ALTR) Upgraded to Strong Buy: Here's What You Should Know
- Nov -07 - Altair® PollEx™ for ECAD Now Available
- Nov -05 - SHAREHOLDER INVESTIGATION: The M&A Class Action Firm Investigates the Merger of Vista Outdoor Inc. – VSTO
- Nov -04 - ALTAIR ENGINEERING INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Altair Engineering Inc. - ALTR
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Software
Expected Growth : 9 %
What the company do ?
Altair Engineering Inc. offers simulation-driven design and optimization software, including HyperWorks, OptiStruct, and RADIOSS, for product design, engineering, and manufacturing.
Why we expect these perspectives ?
Altair Engineering Inc.'s software growth is driven by increasing adoption of simulation-driven design, rising demand for digital twins, and growing need for IoT and AI integration. Additionally, the company's expanding presence in emerging markets, strategic acquisitions, and strong partnerships with industry leaders contribute to its high growth rate.
Segment n°2 -> Client Engineering Services
Expected Growth : 7 %
What the company do ?
Client Engineering Services from Altair Engineering Inc. provides customized engineering solutions, leveraging expertise in simulation, data analytics, and AI to drive innovation and digital transformation for clients.
Why we expect these perspectives ?
Altair's Client Engineering Services growth is driven by increasing demand for simulation-driven design and engineering solutions, expansion into new industries, and strategic partnerships. Additionally, the company's focus on digital twin technology, electrification, and sustainability initiatives resonates with clients, leading to a 7% growth rate.
Segment n°3 -> All Other
Expected Growth : 6 %
What the company do ?
All Other from Altair Engineering Inc. refers to the remaining business segments not classified under Simulation, Data Analytics, or EM Solutions, including licensing and services.
Why we expect these perspectives ?
Altair Engineering Inc.'s 'All Other' segment growth is driven by increasing demand for its software solutions in non-core markets, expansion into new geographies, and strategic acquisitions. The company's investments in emerging technologies like AI, machine learning, and IoT also contribute to its growth. Additionally, the segment benefits from cross-selling opportunities and a strong partner network.
Altair Engineering Inc. Products
| Product Range | What is it ? |
|---|---|
| Altair HyperWorks | A comprehensive simulation and analysis software platform that enables users to design, simulate, and optimize complex products and systems. |
| Altair Inspire | A generative design and topology optimization software that enables users to create innovative and efficient designs. |
| Altair Radioss | A comprehensive finite element analysis software that enables users to simulate and analyze the behavior of complex systems and products. |
| Altair OptiStruct | A structural analysis and optimization software that enables users to optimize the performance of complex systems and products. |
| Altair AcuSolve | A computational fluid dynamics (CFD) software that enables users to simulate and analyze the behavior of fluids and gases. |
| Altair PBS Works | A workload management and job scheduling software that enables users to manage and optimize high-performance computing (HPC) workloads. |
| Altair Knowledge Studio | A machine learning and predictive analytics software that enables users to build, deploy, and manage predictive models. |
Altair Engineering Inc.'s Porter Forces
Threat Of Substitutes
Altair Engineering Inc. has a moderate threat of substitutes due to the presence of other simulation and data analytics software providers in the market.
Bargaining Power Of Customers
Altair Engineering Inc. has a low bargaining power of customers due to its strong brand reputation and the complexity of its products, making it difficult for customers to switch to alternative solutions.
Bargaining Power Of Suppliers
Altair Engineering Inc. has a moderate bargaining power of suppliers due to its dependence on a few key suppliers for certain components and services, but it also has some negotiating power due to its large scale of operations.
Threat Of New Entrants
Altair Engineering Inc. has a low threat of new entrants due to the high barriers to entry in the simulation and data analytics software market, including the need for significant investments in research and development.
Intensity Of Rivalry
Altair Engineering Inc. operates in a highly competitive market with several established players, leading to a high intensity of rivalry among competitors.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 32.26% |
| Debt Cost | 3.95% |
| Equity Weight | 67.74% |
| Equity Cost | 11.07% |
| WACC | 8.77% |
| Leverage | 47.63% |
Altair Engineering Inc. : Quality Control
Altair Engineering Inc. passed 6 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| INFA | Informatica Inc. develops an artificial intelligence-powered platform that connects, manages, and unifies data across multi-cloud, hybrid systems at enterprise scale in the United States. The company's platform includes a suite … |
| HOOD | Robinhood Markets, Inc. operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), options, gold, and cryptocurrencies. The company also offers … |
| TOST | Toast, Inc. operates a cloud-based and digital technology platform for the restaurant industry in the United States and Ireland. The company offers Toast Point of Sale (POS), a hardware product; … |
| HCP | HashiCorp, Inc. provides multi-cloud infrastructure automation solutions worldwide. The company offers Terraform, an infrastructure provisioning product that applies an Infrastructure-as-Code approach, where processes and configuration required to support applications are … |
| AFRM | Affirm Holdings, Inc. operates a platform for digital and mobile-first commerce in the United States and Canada. The company's platform includes point-of-sale payment solution for consumers, merchant commerce solutions, and … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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Toast
A-Score
1-Year Total Return ->
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HashiCorp
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Altair Engineering
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4
Robinhood Markets
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Affirm
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