Alstom: Improving Execution and Backlog Conversion Support Profitable Growth
Alstom offers a comprehensive portfolio, including rolling stock (51% of revenue), services (24%), and signaling and systems (25%), setting it apart from competitors.
Alstom offers a comprehensive portfolio, including rolling stock (51% of revenue), services (24%), and signaling and systems (25%), setting it apart from competitors.
A EUR-100-billion backlog, 58% from higher-margin services and signaling, and a growing European rail market provide exceptional revenue visibility and a credible recovery path once ramp-ups stabilize.
Three consecutive years of cash disappointments and two profit warnings since Bombardier suggest execution failures are systemic—better backlog quality has not translated into better delivery.
|
Metric
|
ALO
|
SIE
|
BBD.B
|
|---|---|---|---|
Price/Earnings (Normalized) | 22.21 | 26.70 | 21.62 |
Price/Book Value | 0.70 | 3.13 | — |
Price/Sales | 0.36 | 2.67 | 2.34 |
Price/Cash Flow | 5.99 | 18.19 | 19.64 |
|
Metric
|
ALO
|
SIE
|
BBD.B
|
|---|---|---|---|
Quick Ratio | 0.64 | 1.14 | 0.33 |
Current Ratio | 0.94 | 1.44 | 1.13 |
Interest Coverage | 3.91 | 6.49 | 2.42 |
|
Metric
|
ALO
|
SIE
|
BBD.B
|
|---|---|---|---|
Return on Assets (Normalized) | 1.61% | 5.28% | 7.85% |
Return on Equity (Normalized) | 5.72% | 13.71% | — |
Return on Invested Capital (Normalized) | 4.32% | 6.47% | 37.21% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| Union Pacific Corp
UNP
| LOCK|^?vj<< | LOCK|&& | $162B | |||
| CSX Corp
CSX
| LOCK|mzgz%$J | LOCK|>%n | $86B | |||
| Canadian Pacific Kansas City Ltd
CP
| LOCK|#V<P$F | LOCK|!q< | $74B | |||
| Canadian National Railway Co
CNI
| LOCK|k#H#YRw | LOCK|qWJ | $71B | |||
| Norfolk Southern Corp
NSC
| LOCK|Y@>rSp | LOCK|@<$ | $70B | |||
| Westinghouse Air Brake Technologies Corp
WAB
| — | LOCK|<# | $49B | |||
| MTR Corp Ltd ADR
MTCPY
| — | LOCK|%CvvL | $26B | |||
| MTR Corp Ltd
MTRJF
| — | LOCK|St<l | $26B | |||
| East Japan Railway Co
EJPRF
| — | LOCK|trqq | $24B | |||
| East Japan Railway Co ADR
EJPRY
| — | LOCK|<^h@ | $24B |