Altium Ltd
ASX:ALU
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%.
Valuation Backtest
Altium Ltd
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Fundamental Analysis
Altium Targets Strong FY'24 Growth
2023-Q4 Earnings Call
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.
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 |
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
What is Free Cash Flow?
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.
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.
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
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.
Shareholder Return
ALU Price
Altium Ltd
Average Annual Return | 4.48% |
Standard Deviation of Annual Returns | 21.67% |
Max Drawdown | -43% |
Market Capitalization | 8.6B AUD |
Shares Outstanding | 131 927 000 |
Percentage of Shares Shorted |
N/A
|
Company Profile
Country
Industry
Market Cap
Dividend Yield
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
IPO
Employees
Officers
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%.