Altair Financial Statements From 2010 to 2022

ALTR
 Stock
  

USD 55.73  1.55  2.86%   

Altair Engineering financial statements provide useful quarterly and yearly information to potential Altair Engineering investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Altair Engineering financial statements helps investors assess Altair Engineering's valuation, profitability, and current liquidity needs.
There are over one hundred seven available fundamental signals for Altair Engineering, which can be analyzed over time and compared to other ratios. Please make sure to validate Altair Engineering's prevailing fundamental performance against the performance between 2010 and 2022 to make sure the trends are evolving in the right direction.
Altair Engineering Average Equity is relatively stable at the moment as compared to the past year. Altair Engineering reported last year Average Equity of 503.46 Million. As of 06/26/2022, Free Cash Flow is likely to grow to about 58 M, while Revenue Per Employee is likely to drop slightly above 171.6 K.
  
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Check Altair Engineering financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Altair main balance sheet or income statement drivers, such as Direct Expenses of 116.8 M, Cost of Revenue of 135.1 M or Earning Before Interest and Taxes EBIT of 11 M, as well as many exotic indicators such as Interest Coverage of 1.05, Long Term Debt to Equity of 0.35 or Calculated Tax Rate of 599. Altair financial statements analysis is a perfect complement when working with Altair Engineering Valuation or Volatility modules. It can also supplement various Altair Engineering Technical models. Please continue to the analysis of Altair Engineering Correlation against competitors.

Altair Engineering Revenues

511.52 Million

Share

Altair Engineering Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets941.8 M1.2 B464.2 M
Increasing
Slightly volatile
Cash and Equivalents446.4 M413.7 M115.3 M
Increasing
Slightly volatile
Deferred Revenue98.6 M106 M103.3 M
Decreasing
Stable
Property Plant and Equipment Net62.8 M69 M39.2 M
Increasing
Slightly volatile
Inventory1.7 M1.8 M1.9 M
Decreasing
Slightly volatile
Tax Assets21.7 M17.9 M41.7 M
Decreasing
Slightly volatile
Trade and Non Trade Receivables128.7 M137.6 M88 M
Increasing
Slightly volatile
Trade and Non Trade Payables7.5 M6.6 M6.7 M
Increasing
Slightly volatile
Goodwill and Intangible Assets376.4 M469.2 M164.2 M
Increasing
Slightly volatile
Total Liabilities483.6 M549.3 M319.6 M
Increasing
Slightly volatile
Shareholders Equity661.6 M613.2 M159.6 M
Increasing
Slightly volatile
Current Assets634.7 M588.2 M226.2 M
Increasing
Slightly volatile
Assets Non Current481.1 M575.1 M251.4 M
Increasing
Slightly volatile
Current Liabilities511.4 M474 M209.8 M
Increasing
Slightly volatile
Liabilities Non Current113.3 M75.3 M120.6 M
Increasing
Stable
Total Debt194.3 M229.2 M115.4 M
Increasing
Slightly volatile
Debt Current226.2 M209.6 M44.6 M
Increasing
Slightly volatile
Debt Non Current20.1 M19.6 M74.9 M
Increasing
Very volatile
Shareholders Equity USD661.6 M613.2 M159.6 M
Increasing
Slightly volatile
Cash and Equivalents USD446.4 M413.7 M115.3 M
Increasing
Slightly volatile
Total Debt USD194.3 M229.2 M115.4 M
Increasing
Slightly volatile
Accounts Payable6.4 M6.6 M6.6 M
Increasing
Slightly volatile
Receivables113.4 M137.6 M86.8 M
Increasing
Slightly volatile
Inventories1.7 M1.8 M1.9 M
Decreasing
Slightly volatile

Altair Engineering Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Revenues511.5 M532.2 M367.7 M
Increasing
Slightly volatile
Cost of Revenue135.1 M129.7 M110.7 M
Increasing
Slightly volatile
Selling General and Administrative Expense215.5 M224.2 M152.3 M
Increasing
Slightly volatile
Research and Development Expense139 M151 M90.2 M
Increasing
Slightly volatile
Operating Expenses365.5 M390.2 M246.3 M
Increasing
Slightly volatile
Interest Expense13 M12.1 M4.8 M
Increasing
Slightly volatile
Income Tax Expense11.3 M8.5 M9.9 M
Increasing
Slightly volatile
Consolidated Income(9.5 M)(8.8 M)(3.6 M)
Decreasing
Slightly volatile
Net Income(9.5 M)(8.8 M)(3.6 M)
Decreasing
Slightly volatile
Net Income Common Stock(9.5 M)(8.8 M)(3.6 M)
Decreasing
Slightly volatile
Weighted Average Shares76.2 M76.2 M57.4 M
Increasing
Slightly volatile
Weighted Average Shares Diluted78.5 M76.2 M64.4 M
Increasing
Slightly volatile
Earning Before Interest and Taxes EBIT11 M11.8 M10.8 M
Decreasing
Very volatile
Revenues USD511.5 M532.2 M367.7 M
Increasing
Slightly volatile
Net Income Common Stock USD(9.5 M)(8.8 M)(3.6 M)
Decreasing
Slightly volatile
Earning Before Interest and Taxes USD11 M11.8 M10.8 M
Decreasing
Very volatile
Gross Profit376.4 M402.5 M257 M
Increasing
Slightly volatile
Operating Income11 M12.3 M10.7 M
Decreasing
Stable
Direct Expenses116.8 M129.7 M109.3 M
Increasing
Slightly volatile

Altair Engineering Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Net Cash Flow from Financing141.4 M175.9 M54.4 M
Increasing
Slightly volatile
Issuance Repayment of Debt Securities (30.8 M)(30 M)6.8 M
Increasing
Stable
Issuance Purchase of Equity Shares218.2 M202.3 M51.1 M
Increasing
Slightly volatile
Net Cash Flow from Operations49.8 M61.6 M24.2 M
Increasing
Slightly volatile
Effect of Exchange Rate Changes on Cash (2.7 M)(2.6 M)(920.1 K)
Increasing
Stable
Net Cash Flow or Change in Cash and Cash Equivalents186.1 M172.5 M43.5 M
Increasing
Slightly volatile
Share Based Compensation48.1 M44.5 M14 M
Increasing
Slightly volatile
Depreciation Amortization and Accretion23.1 M25.6 M13.9 M
Increasing
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Earnings per Basic Share(0.13)(0.12)(0.0478)
Decreasing
Stable
Earnings per Diluted Share(0.13)(0.12)(0.0701)
Decreasing
Stable
Earnings per Basic Share USD(0.13)(0.12)(0.0478)
Decreasing
Stable
Return on Average Equity(0.0183)(0.017)(0.7479)
Decreasing
Very volatile
Return on Average Assets(0.0097)(0.009)(0.0065)
Decreasing
Stable
Return on Invested Capital0.140.132(0.0574)
Decreasing
Stable
Gross Margin0.80.7560.6961
Increasing
Slightly volatile
Profit Margin(0.0183)(0.017)(0.0066)
Decreasing
Stable
EBITDA Margin0.07120.070.0671
Decreasing
Very volatile
Return on Sales0.02290.0220.0308
Decreasing
Stable
Asset Turnover0.670.5581.0759
Decreasing
Slightly volatile
Enterprise Value over EBITDA1691570.12
Increasing
Slightly volatile
Enterprise Value over EBIT537498100
Increasing
Slightly volatile
Price to Earnings Ratio(661)(644)(156)
Decreasing
Slightly volatile
Sales per Share7.386.9866.4388
Increasing
Slightly volatile
Price to Sales Ratio9.7811.0685.4101
Increasing
Slightly volatile
Price to Book Value10.289.94218.7751
Decreasing
Slightly volatile
Debt to Equity Ratio0.970.896(2.8759)
Increasing
Slightly volatile
Current Ratio1.371.2411.0198
Increasing
Slightly volatile
Free Cash Flow per Share0.560.7060.2694
Increasing
Slightly volatile
Book Value per Share8.688.0492.0189
Increasing
Slightly volatile
Tangible Assets Book Value per Share7.859.1114.9585
Increasing
Slightly volatile
Total Assets Per Share15.8314.6757.4165
Increasing
Slightly volatile
Cash Flow Per Share0.840.77740.3892
Increasing
Slightly volatile
Return on Investment1.881.747615.2212
Decreasing
Slightly volatile
Operating Margin2.282.31863.1189
Decreasing
Slightly volatile
Calculated Tax Rate599555174
Increasing
Slightly volatile
Receivables Turnover4.74.16684.4644
Decreasing
Slightly volatile
Inventory Turnover71.7767.6362.8701
Increasing
Slightly volatile
PPandE Turnover12.613.85712.0261
Increasing
Slightly volatile
Cash and Equivalents Turnover1.671.625113.397
Decreasing
Slightly volatile
Accounts Payable Turnover62.1369.835258.2779
Increasing
Slightly volatile
Accrued Expenses Turnover11.199.83810.7934
Decreasing
Slightly volatile
Interest Coverage1.051.022722.673
Increasing
Stable
Long Term Debt to Equity0.350.450.1485
Increasing
Slightly volatile
Quick Ratio1.061.1470.8482
Increasing
Slightly volatile
Net Current Assets as percentage of Total Assets10.69.8208(8.7363)
Increasing
Slightly volatile
Revenue to Assets0.470.45751.0223
Decreasing
Slightly volatile

Altair Engineering Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Earnings before Tax(295.6 K)(288 K)6.1 M
Decreasing
Stable
Earnings Before Interest Taxes and Depreciation Amortization EBITDA34.1 M37.4 M24.7 M
Increasing
Stable
Earnings Before Interest Taxes and Depreciation Amortization USD34.1 M37.4 M24.7 M
Increasing
Stable
Market Capitalization5.1 B6.1 B2.5 B
Increasing
Slightly volatile
Enterprise Value4.9 B5.9 B2.5 B
Increasing
Slightly volatile
Invested Capital36.4 M35.5 M108.5 M
Increasing
Very volatile
Average Equity543.2 M503.5 M129.7 M
Increasing
Slightly volatile
Average Assets822.7 M954 M428 M
Increasing
Slightly volatile
Invested Capital Average116.4 M89 M114.1 M
Increasing
Stable
Tangible Asset Value565.4 M694 M300.1 M
Increasing
Slightly volatile
Free Cash Flow58 M53.8 M18.8 M
Increasing
Slightly volatile
Working Capital90.3 M114.2 M13.9 M
Increasing
Slightly volatile
Revenue Per Employee171.6 K190.1 K181.8 K
Decreasing
Slightly volatile
Net Income Per Employee(3.4 K)(3.1 K)(438)
Decreasing
Slightly volatile

Altair Fundamental Market Drivers

Short Percent Of Float6.21%
Forward Price Earnings59.29
Shares Short Prior Month2.75M
Average Daily Volume Last 10 Day626.93k
Average Daily Volume In Three Month334.75k
Date Short Interest29th of April 2022
Fifty Day Average53.87
Two Hundred Day Average65.37

Altair Upcoming Events

Upcoming Quarterly Report24th of February 2022
Next Financial Report5th of May 2022
Next Fiscal Quarter End31st of December 2021
Next Fiscal Year End24th of February 2022
Last Quarter Report30th of September 2021
Last Financial Announcement31st of December 2020

About Altair Engineering Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Altair Engineering income statement, its balance sheet, and the statement of cash flows. Altair Engineering investors use historical funamental indicators, such as Altair Engineering's revenue or net income, to determine how well the company is positioned to perform in the future. Although Altair Engineering investors may use each financial statement separately, they are all related. The changes in Altair Engineering's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Altair Engineering's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Altair Engineering Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Altair Engineering. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2022
Deferred Revenue106 M98.6 M
Cost of Revenue129.7 M135.1 M
Revenues532.2 M511.5 M
Revenue to Assets 0.46  0.47 
Revenue Per Employee190.1 K171.6 K
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. Altair Engineering Inc. was incorporated in 1985 and is headquartered in Troy, Michigan. Altair Engineering operates under SoftwareInfrastructure classification in the United States and is traded on NASDAQ Exchange. It employs 3050 people.

Altair Engineering Investors Sentiment

The influence of Altair Engineering's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Altair. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.

Altair Engineering Implied Volatility

    
  52.18  
Altair Engineering's implied volatility exposes the market's sentiment of Altair Engineering stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Altair Engineering's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Altair Engineering stock will not fluctuate a lot when Altair Engineering's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Altair Engineering in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Altair Engineering's short interest history, or implied volatility extrapolated from Altair Engineering options trading.

Current Sentiment - ALTR

Altair Engineering Investor Sentiment

Most of Macroaxis users are presently bullish on Altair Engineering. What is your sentiment towards investing in Altair Engineering? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish

Pair Trading with Altair Engineering

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Altair Engineering position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Altair Engineering will appreciate offsetting losses from the drop in the long position's value.

Altair Engineering Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

The ability to find closely correlated positions to Altair Engineering could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Altair Engineering when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Altair Engineering - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Altair Engineering to buy it.
The correlation of Altair Engineering is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Altair Engineering moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Altair Engineering moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Altair Engineering can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Please continue to the analysis of Altair Engineering Correlation against competitors. Note that the Altair Engineering information on this page should be used as a complementary analysis to other Altair Engineering's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Equity Valuation module to check real value of public entities based on technical and fundamental data.

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When running Altair Engineering price analysis, check to measure Altair Engineering's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Altair Engineering is operating at the current time. Most of Altair Engineering's value examination focuses on studying past and present price action to predict the probability of Altair Engineering's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Altair Engineering's price. Additionally, you may evaluate how the addition of Altair Engineering to your portfolios can decrease your overall portfolio volatility.
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Is Altair Engineering's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Altair Engineering. If investors know Altair will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Altair Engineering listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
-0.28
Market Capitalization
4.4 B
Quarterly Revenue Growth YOY
0.064
Return On Assets
0.0106
Return On Equity
-0.0229
The market value of Altair Engineering is measured differently than its book value, which is the value of Altair that is recorded on the company's balance sheet. Investors also form their own opinion of Altair Engineering's value that differs from its market value or its book value, called intrinsic value, which is Altair Engineering's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Altair Engineering's market value can be influenced by many factors that don't directly affect Altair Engineering's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Altair Engineering's value and its price as these two are different measures arrived at by different means. Investors typically determine Altair Engineering value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Altair Engineering's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.