Altair Stock Financials

ALTR
 Stock
  

USD 52.07  0.43  0.82%   

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 07/05/2022, 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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With this module, you can analyze Altair financials for your investing period. You should be able to track the changes in Altair Engineering individual financial statements over time to develop the understanding of its risk, liquidity, profitability, or other critical and vital indicators.

Altair Most Recent Estimates

Quarterly Earnings Growth YOY
-0.28
EPS Estimate Next Quarter
0.11
Diluted Eps
-0.16
EPS Estimate Current Year
0.8
EPS Estimate Next Year
0.92
EPS Estimate Current Quarter
0.3
Earnings Share
-0.16

Revenues

511.52 Million

Share
Understanding current and past Altair Engineering Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Altair Engineering's financial statements are interrelated, with each one affecting the others. For example, an increase in Altair Engineering's assets may result in an increase in income on the income statement.
The fundamental analysis of Altair Engineering is a critical element in measuring its lifeblood. The essential information of the day-to-day investment outlook for Altair Engineering includes many different criteria found on its balance sheet. For example, investors should never minimize Altair Engineering's ability to pay suppliers or employees on time, making sure interest payments are not accumulating or correctly timing where and how to re-invest extra cash. Any individual investor needs to monitor Altair Engineering's cash flow, debt, and profitability to effectively and accurately make more informed decisions on whether to invest in Altair Engineering.

Altair Engineering Cash

Chance Of Financial Distress
Less than 2
Altair Engineering has less than 2 (%) percent chance of experiencing financial distress in the next two years of operations. The calculation of odds of distress for Altair Engineering stock is tightly coupled with the Probability of Bankruptcy. It complements the equity performance score by supplying investors with insight into company financials without requiring them to know too much about all of the complex accounting and financial indicators surrounding the entity. More Info
The data published in Altair Engineering's official financial statements usually reflect Altair Engineering's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Altair Engineering. For example, before you start analyzing numbers published by Altair accountants, it's critical to develop an understanding of what Altair Engineering's liquidity, profitability, and earnings quality are in the context of the Technology space in which it operates.
Please note, the presentation of Altair Engineering's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Altair Engineering's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Altair Engineering's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Altair Engineering. Please utilize our Beneish M Score to check the likelihood of Altair Engineering's management to manipulate its earnings.

Altair Engineering Company Summary

Altair Engineering competes with Microsoft Corp, Chevron Corp, B of A, General Electric, and HP. 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.
Specialization
Technology, Software - Infrastructure
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
CIK Number0001701732
CUSIP021369103
RegionNorth America
LocationMichigan; U.S.A
Business Address1820 East Big
New SymbolALTR1
SectorTechnology
IndustrySoftware—Infrastructure
BenchmarkDOW
Websitewww.altair.com
Phone248 614 2400
CurrencyUSD - US Dollar
You should never invest in Altair Engineering without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Altair Stock, because this is throwing your money away. Analyzing the key information contained in Altair Engineering's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.

Altair Engineering Key Financial Ratios

Generally speaking, Altair Engineering's financial ratios allow both analysts and investors to convert raw data from Altair Engineering's financial statements into concise, actionable information that can be used to evaluate the performance of Altair Engineering over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Altair Engineering reports annually and quarterly.

Altair Engineering Key Balance Sheet Accounts

201720182019202020212022 (projected)
Receivables86.64 M96.8 M104.98 M117.88 M137.56 M113.37 M
Accounts Payable4.88 M8.36 M8.59 M8.59 M6.65 M6.4 M
Total Assets287.87 M487.2 M743.14 M829.9 M1.16 B941.76 M
Current Assets143.89 M154.03 M352.46 M386.94 M588.22 M634.66 M
Assets Non Current143.98 M333.16 M390.69 M442.97 M575.05 M481.1 M
Cash and Equivalents39.21 M35.34 M223.12 M241.22 M413.74 M446.41 M
Total Debt410 K31.75 M207.98 M252.92 M229.19 M194.29 M
Debt Current232 K331 K9.57 M40.29 M209.64 M226.19 M
Debt Non Current178 K31.42 M198.41 M212.62 M19.55 M20.06 M
Deferred Revenue139.76 M66.52 M83.57 M95.08 M106.03 M98.6 M
Shareholders Equity60.59 M293.69 M354.71 M378.59 M613.2 M661.61 M
Total Liabilities224.93 M191.16 M386.09 M450.53 M549.29 M483.57 M
Current Liabilities197.46 M127.23 M152.87 M200.75 M473.98 M511.4 M
Tax Assets14.4 M9.79 M13.05 M13.86 M17.88 M21.7 M

Altair Engineering Key Income Statement Accounts

An income statement is very similar to a cash flow statement, but instead of showing net revenue minus expenses, it only includes earnings before interest and taxes (EBIT). This number does not have all of the same line items that are on a cash flow statement, but it leaves out non-cash expenses like depreciation and amortization. For example, if you bought $100 worth of goods from Walmart (WMT) using your debit card that has an interest rate of 20%, then paid off the balance at the end of the month with a credit card that charges 30% interest, you would have an income statement showing EBIT of $80 because your expenses are lower than the amount that went into your pocket. The other reason investors look at the income statement is to determine what Altair Engineering's earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
201720182019202020212022 (projected)
Direct Expenses106.59 M115.97 M132.6 M121.31 M129.67 M116.84 M
Consolidated Income(101.94 M)15.54 M(7.54 M)(10.5 M)(8.79 M)(9.49 M)
Cost of Revenue106.59 M115.97 M132.6 M121.31 M129.67 M135.07 M
Gross Profit226.74 M280.41 M326.32 M348.62 M402.51 M376.45 M
Interest Expense2.16 M200 K6.37 M11.6 M12.06 M13.02 M
Net Income(101.94 M)15.54 M(7.54 M)(10.5 M)(8.79 M)(9.49 M)
Operating Expenses260 M255.76 M318.11 M336.9 M390.17 M365.48 M
Operating Income(33.26 M)24.64 M8.21 M11.71 M12.34 M10.96 M
Revenues333.33 M396.38 M458.92 M469.92 M532.18 M511.52 M
Income Tax Expense65.53 M11.49 M10.93 M12.53 M8.51 M11.29 M

Altair Engineering Key Cash Accounts

Cash flow analysis captures how much money flows into and out of Altair Engineering. It measures of how well Altair is doing because it can show the actual money that comes into and out of the company from sales instead of measuring expenses against revenue to determine earnings. You have to read the cash flow statement in three sections. The first section shows how much money Altair Engineering brought in, usually known as net revenue or sales. This is different from earnings because it does not include expenses when determining net revenue for use on this part of the cash flow statement. Next, are operating activities, which show how much money Altair had leftover after paying for its expenses. This number can be calculated in two ways: by subtracting the total of all operating expenses from net revenue or by adding up changes to cash and other assets or liabilities on this part of the statement. The third section is about investing activities, which shows what Altair Engineering has done with the money that it received from the sale of assets or what it spent to acquire new ones. This section can be broken down into two parts: investing in existing businesses (in other words, buying more stock) and investing in non-business activities like paying off debt or making acquisitions.
201720182019202020212022 (projected)
Capital Expenditure(7.52 M)(6.66 M)(9.66 M)(6.09 M)(7.85 M)(8.47 M)
Depreciation Amortization and Accretion11.75 M14.73 M21.52 M23.81 M25.64 M23.08 M
Net Cash Flow or Change in Cash and Cash Equivalents22.44 M(3.89 M)187.81 M18.05 M172.47 M186.08 M
Net Cash Flow Business Acquisitions and Disposals(15.58 M)(203.44 M)(25.72 M)(41.03 M)(53.98 M)(58.24 M)
Issuance Purchase of Equity Shares115.37 M137.65 M1.51 M1.71 M202.26 M218.23 M
Issuance Repayment of Debt Securities(85.68 M)30.95 M190.92 M30 M(30 M)(30.79 M)
Net Cash Flow from Financing29.56 M167.53 M191.92 M31.25 M175.95 M141.37 M
Net Cash Flow from Investing(24.85 M)(206.21 M)(35.84 M)(49.09 M)(62.48 M)(67.41 M)
Net Cash Flow from Operations16.09 M36.23 M31.39 M32.88 M61.62 M49.84 M
Effect of Exchange Rate Changes on Cash1.64 M(1.44 M)342 K3.01 M(2.62 M)(2.69 M)
Share Based Compensation47.28 M3.34 M8.53 M21.36 M44.55 M48.07 M

Altair Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Altair Engineering's current stock value. Our valuation model uses many indicators to compare Altair Engineering value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Altair Engineering competition to find correlations between indicators driving Altair Engineering's intrinsic value. More Info.
Altair Engineering is number one stock in short ratio category among related companies. It is the top company in revenue category among related companies totaling about  35,716,778  of Revenue per Short Ratio. Altair Engineering Revenues is relatively stable at the moment as compared to the past year. Altair Engineering reported last year Revenues of 532.18 Million. Comparative valuation analysis is a catch-all model that can be used if you cannot value Altair Engineering by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Altair Engineering's Stock . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Altair Engineering's earnings, one of the primary drivers of an investment's value.

Altair Engineering Systematic Risk

Altair Engineering's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Altair Engineering volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Beta measures systematic risk based on how returns on Altair Engineering correlated with the market. If Beta is less than 0 Altair Engineering generally moves in the opposite direction as compared to the market. If Altair Engineering Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Altair Engineering is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Altair Engineering is generally in the same direction as the market. If Beta > 1 Altair Engineering moves generally in the same direction as, but more than the movement of the benchmark.
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About Altair Engineering Financials

What exactly are Altair Engineering Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include Altair Engineering's income statement, its balance sheet, and the statement of cash flows. Potential Altair Engineering investors and stakeholders use financial statements 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. Please read more on our technical analysis and fundamental analysis pages.
There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines that you should keep in mind when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase year after year due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt to equity ratio because this number will tell you how much risk it has. If a company such as Altair Engineering is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to try and figure out if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that net revenue of Altair grown by more than 25% over the last five years, then there is a good chance that it will continue growing at least by 20% or more each year. On the other hand, if you see that net revenue has only grown by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it.

Altair Engineering Thematic Clasifications

Altair Engineering is part of ESG Investing investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Companies that promote environmental, social, and governance factors during their day-to-day operations. Sustainable investments that promote the conservation of the natural world, social resposibility, freindly employees policies and strong governance
ESG Investing Idea
ESG InvestingView
This theme covers Companies that promote environmental, social, and governance factors during their day-to-day operations. Sustainable investments that promote the conservation of the natural world, social resposibility, freindly employees policies and strong governance. Get More Thematic Ideas

Altair Engineering July 5, 2022 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Altair Engineering help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Altair Engineering. We use our internally-developed statistical techniques to arrive at the intrinsic value of Altair Engineering based on widely used predictive technical indicators. In general, we focus on analyzing Altair Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Altair Engineering's daily price indicators and compare them against related drivers.
Information Ratio(0.06)
Maximum Drawdown12.37
Value At Risk(4.05)
Potential Upside4.03
Please continue to Trending Equities. 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 Analyst Recommendations module to analyst recommendations and target price estimates broken down by several categories.

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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
4.2 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.