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Altium Ltd
ASX:ALU

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Altium Ltd Logo
Altium Ltd
ASX:ALU
Watchlist
Price: 65.22 AUD -0.06% Market Closed
Updated: Mar 29, 2024

Intrinsic Value

Altium Ltd. engages in the developing and selling of computer software for the design of electronic products. [ Read More ]

The intrinsic value of one ALU stock under the Base Case scenario is 32.86 AUD. Compared to the current market price of 65.22 AUD, Altium Ltd is Overvalued by 50%.

Key Points:
ALU Intrinsic Value
Base Case
32.86 AUD
Overvaluation 50%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Altium Ltd

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Fundamental Analysis

Altium Targets Strong FY'24 Growth
2023-Q4 Earnings Call

Altium Targets Strong FY'24 Growth

Altium anticipates robust growth, guiding FY'24 revenue to reach $315-$325 million, marking a 20-23% increase. Design software is expected to achieve a 23-26% growth to $255 million, while their cloud platform, comprising Octopart and Smart Manufacturing, aims for 8-16% growth to $65-$70 million. The company's EBITDA margin forecast stands at an impressive 35-37%, with a long-term vision set on $500 million revenue, a 38-40% EBITDA margin, and 100,000 software subscription seats by FY'26.

Financials

Balance Sheet Decomposition
Altium Ltd

Current Assets 277.8m
Cash & Short-Term Investments 180m
Receivables 89.9m
Other Current Assets 7.9m
Non-Current Assets 161.2m
Long-Term Investments 3.4m
PP&E 14.6m
Intangibles 58.9m
Other Non-Current Assets 84.3m
Current Liabilities 103m
Accounts Payable 20.8m
Accrued Liabilities 4.2m
Other Current Liabilities 78m
Non-Current Liabilities 20.3m
Long-Term Debt 6.3m
Other Non-Current Liabilities 14.1m
Efficiency

Earnings Waterfall
Altium Ltd

Revenue
282.3m USD
Cost of Revenue
-2.6m USD
Gross Profit
279.7m USD
Operating Expenses
-191.2m USD
Operating Income
88.5m USD
Other Expenses
-18.7m USD
Net Income
69.7m USD

Free Cash Flow Analysis
Altium Ltd

Last Value
3-Years Average
FCF Margin
Conversion Rate
History
Components
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Fundamental Scores

ALU Profitability Score
Profitability Due Diligence

Altium Ltd's profitability score is 78/100. The higher the profitability score, the more profitable the company is.

Positive Free Cash Flow
Positive Gross Profit
Exceptional 3-Year Average ROE
Exceptional 3-Year Average ROIC
78/100
Profitability
Score

Altium Ltd's profitability score is 78/100. The higher the profitability score, the more profitable the company is.

ALU Solvency Score
Solvency Due Diligence

Altium Ltd's solvency score is 71/100. The higher the solvency score, the more solvent the company is.

High Altman Z-Score
Negative Net Debt
Low D/E
Long-Term Solvency
71/100
Solvency
Score

Altium Ltd's solvency score is 71/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

ALU Price Targets Summary
Altium Ltd

Wall Street analysts forecast ALU stock price to drop over the next 12 months.

According to Wall Street analysts, the average 1-year price target for ALU is 62.17 AUD with a low forecast of 36.45 AUD and a high forecast of 71.93 AUD.

Lowest
Price Target
36.45 AUD
44% Downside
Average
Price Target
62.17 AUD
5% Downside
Highest
Price Target
71.93 AUD
10% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Shareholder Return

ALU Price
Altium Ltd

1M 1M
+1%
6M 6M
+51%
1Y 1Y
+74%
3Y 3Y
+156%
5Y 5Y
+112%
10Y 10Y
+3 243%
Annual Price Range
65.22
52w Low
35.06
52w High
66
Price Metrics
Average Annual Return 4.48%
Standard Deviation of Annual Returns 21.67%
Max Drawdown -43%
Shares Statistics
Market Capitalization 8.6B AUD
Shares Outstanding 131 927 000
Percentage of Shares Shorted
N/A

ALU Return Decomposition
Main factors of price return

What is price return decomposition?

Company Profile

Altium Ltd Logo
Altium Ltd

Country

Australia

Industry

Technology

Market Cap

8.6B AUD

Dividend Yield

0.92%

Description

Altium Ltd. engages in the developing and selling of computer software for the design of electronic products. The company is headquartered in Chatswood, New South Wales and currently employs 791 full-time employees. The firm is engaged in development and sales of computer software for the design of electronic products. The company provides printed circuit boards (PCB) tools and cloud platform for the electronics industry. Its products include Altium 365, Altium Nexar, Altium NEXUS, Altium Designer and Altium CircuitMaker. The firm operates through three segments: Board and Systems, Electronic Parts, Search and Discovery business, and Microcontrollers and Embedded Systems. Board and Systems segment includes results from the PCB business for the Americas, EMEA, China and Asia- Pacific, Altium Nexus as well as other products sold through partner channels and the manufacturing business. Electronic Parts, Search and Discovery business segment includes the results from Octopart and Upverter. Microcontrollers and Embedded Systems Includes results from the TASKING business.

Contact

NEW SOUTH WALES
Chatswood
Suite 6.03, Level 6, Tower B, The Zenith, 821 Pacific Highway
+61294101005.0
http://www.altium.com/

IPO

1999-08-04

Employees

791

Officers

CEO & Executive Director
Mr. Aram Mirkazemi B.E.
President & Executive Director
Mr. Sergey Kostinsky
Interim CFO, Senior VP of External Affairs & Corporate Development
Mr. Richard Leon
Chief Operating Officer
Mr. David Read
Chief Technology Officer
Mr. Leigh Gawne
Group General Counsel
Ms. Natasha Davidson B.A., L.L.B., L.L.M., LLM (Sydney)
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Chief Marketing & Growth Officer
Mr. Ted Pawela
Chief of Staff & Investor Engagement Officer
Ms. Kim Besharati BEc
Senior Vice President of Solution Sales
Mr. Donald Cantow
Senior Vice President of Corporate Development & Strategic Partnerships
Mr. Sanjay Gupta
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See Also

Discover More
What is the Intrinsic Value of one ALU stock?

The intrinsic value of one ALU stock under the Base Case scenario is 32.86 AUD.

Is ALU stock undervalued or overvalued?

Compared to the current market price of 65.22 AUD, Altium Ltd is Overvalued by 50%.