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Morningstar

Altair Engineering Inc Class A ALTR

Morningstar Rating
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Stock XNAS Rating as of
$83.78 +1.56 (1.90%)
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As of Delayed Price Closed
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About Quantitative Ratings

Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.

Price vs Fair Value

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ALTR is trading at a 10% premium.
Price
$82.14
Fair Value
$53.56
Uncertainty
High
1-Star Price
$87.95
5-Star Price
$19.93
Economic Moat
Qyjmm
Capital Allocation
—
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News

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Trading Information

Previous Close Price
$82.22
Day Range
$82.40–83.86
52-Week Range
$57.59–92.92
Bid/Ask
$50.10 / $100.00
Market Cap
$6.96 Bil
Volume/Avg
178,619 / 402,010

Key Statistics

Price/Earnings (Normalized)
69.32
Price/Sales
10.82
Dividend Yield (Trailing)
—
Dividend Yield (Forward)
—
Total Yield
0.09%

Company Profile

Altair Engineering Inc is a provider of enterprise-class engineering software enabling origination of the entire product lifecycle from concept design to in-service operation. The integrated suite of software provided by the company optimizes design performance across multiple disciplines encompassing structures, motion, fluids, thermal management, system modeling, and embedded systems. It operates through two segments: Software which includes the portfolio of software products such as solvers and optimization technology products, modeling and visualization tools, industrial and concept design tools, and others; and Client Engineering Services which provides client engineering services to support customers. Majority of its revenue comes from the software segment.
Sector
Technology
Industry
Software - Infrastructure
Stock Style Box
Small Growth
Total Number of Employees
3,200
Website
https://www.altair.com

Comparables

Valuation

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Metric
ALTR
PEGA
CRNC
Price/Earnings (Normalized)
 69.3224.208.64
Price/Book Value
 9.4814.050.55
Price/Sales
 10.823.511.19
Price/Cash Flow
 54.7217.026.42
Price/Earnings
ALTR
PEGA
CRNC

Financial Strength

Metric
ALTR
PEGA
CRNC
Quick Ratio
 2.081.701.39
Current Ratio
 2.161.781.90
Interest Coverage
 0.3113.532.22
Quick Ratio
ALTR
PEGA
CRNC

Profitability

Metric
ALTR
PEGA
CRNC
Return on Assets (Normalized)
 7.84%16.01%4.17%
Return on Equity (Normalized)
 15.72%110.35%7.68%
Return on Invested Capital (Normalized)
 9.33%25.78%6.18%
Return on Assets
ALTR
PEGA
CRNC
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