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Alstom SA
PAR:ALO

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Alstom SA
PAR:ALO
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Price: 16.47 EUR -3.37%
Market Cap: €7.6B

EV/EBITDA

6.6
Current
19%
Cheaper
vs 3-y average of 8.1

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
6.6
=
Enterprise Value
€16.5B
/
EBITDA
€1.6B

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
6.6
=
Enterprise Value
€16.5B
/
EBITDA
€1.6B

Valuation Scenarios

Alstom SA is trading below its 3-year average

If EV/EBITDA returns to its 3-Year Average (8.1), the stock would be worth €20.25 (23% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+43%
Average Upside
29%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 6.6 €16.47
0%
3-Year Average 8.1 €20.25
+23%
5-Year Average 9.3 €23.24
+41%
Industry Average 9.3 €23.48
+43%
Country Average 7.3 €18.25
+11%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
€16.5B
/
Oct 2025
€1.6B
=
6.6
Current
€16.5B
/
Mar 2026
€1.8B
=
9.3
Forward
€16.5B
/
Mar 2027
€2B
=
8.4
Forward
€16.5B
/
Mar 2028
€2.1B
=
7.7
Forward
€16.5B
/
Mar 2029
€2.1B
=
7.7
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
FR
Alstom SA
PAR:ALO
7.9B EUR 6.6 24
US
Caterpillar Inc
NYSE:CAT
390.9B USD 28.1 44
US
Cummins Inc
NYSE:CMI
90.7B USD 18.4 31.9
SE
Volvo AB
STO:VOLV B
645B SEK 9.9 19.2
US
Paccar Inc
NASDAQ:PCAR
66.7B USD 16 28.1
US
Westinghouse Air Brake Technologies Corp
NYSE:WAB
46B USD 20.4 39.3
KR
Hyundai Heavy Industries Co Ltd
KRX:329180
67.3T KRW 28.4 47.9
CN
China CSSC Holdings Ltd
SSE:600150
290.5B CNY 29.7 40.4
DE
Daimler Truck Holding AG
XETRA:DTG
33.6B EUR 10.6 17
JP
Komatsu Ltd
TSE:6301
6.2T JPY 9.2 15.6
JP
Toyota Industries Corp
TSE:6201
6.2T JPY 14.4 30.6

Market Distribution

In line with most companies in France
Percentile
44th
Based on 1 558 companies
44th percentile
6.6
Low
0.1 — 5.3
Typical Range
5.3 — 11.7
High
11.7 —
Distribution Statistics
France
Min 0.1
30th Percentile 5.3
Median 7.3
70th Percentile 11.7
Max 1 862.3

Alstom SA
Glance View

Alstom SA, a titan of the global rail industry, traces its roots back to 1928 in France, emerging as a pivotal player in the realm of transportation solutions. Over the decades, Alstom has woven itself into the infrastructure of urban mobility and rail network systems across continents. The company excels in designing and manufacturing high-speed trains, metro systems, trams, and e-buses. Renowned for its expertise, Alstom doesn't just stop at hardware; it delves deep into the digital sphere with intelligent transport systems that streamline operations and enhance passenger experiences. By integrating sustainable practices and cutting-edge technology, Alstom helps shape the future of connected and eco-friendly transit. What distinguishes Alstom is its multifaceted revenue model. Beyond manufacturing, it garners significant earnings from maintenance services and solutions that ensure rail systems operate at peak efficiency, offering long-term contracts that provide a steady income stream. Its digital and signaling solutions, a burgeoning aspect of its portfolio, cater to the increasing demand for smart infrastructure. These services improve traffic management and reduce operational costs for operators, further cementing Alstom’s role as an indispensable partner for transport systems worldwide. This balanced mix of products and services allows Alstom not only to survive but thrive and innovate in the competitive landscape of transportation, positioning itself as a linchpin for future urban mobility demands.

ALO Intrinsic Value
24.4 EUR
Undervaluation 33%
Intrinsic Value
Price €16.47
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