(ALO) Alstom S.A. - Overview
Sector: Industrials | Industry: Railroads | Exchange: PA (France) | Market Cap: 7.807m EUR | Total Return: -11.8% in 12m
Avg Turnover: 33.2M
Warnings
Altman Z'' 0.36 < 1.0 - financial distress zone
Tailwinds
No distinct edge detected
Alstom SA is a France-based industrial firm specializing in the global rail transport sector. The company designs and manufactures a comprehensive range of rolling stock, including high-speed trains, metros, monorails, and locomotives. Beyond vehicle manufacturing, Alstom provides integrated signaling systems, infrastructure electrification, and cybersecurity solutions for urban and mainline networks.
The business model relies heavily on long-term service contracts and maintenance cycles, which provide recurring revenue streams after the initial delivery of hardware. In the rail transportation industry, high barriers to entry exist due to the capital-intensive nature of manufacturing and the complex regulatory safety standards required for public infrastructure projects.
The company also produces critical mechanical components such as bogies, traction converters, and braking systems, positioning it as a vertically integrated supplier for the entire rail lifecycle. For a more detailed breakdown of these fundamentals, ValueRay offers additional data points. Alstom continues to focus on green traction solutions as global transit authorities prioritize the decarbonization of transport networks.
- Order backlog execution and cash flow generation targets drive investor confidence
- European government infrastructure spending levels dictate long-term rolling stock demand
- High debt leverage and interest rates impact net income and valuation
- Integration of Bombardier Transportation assets determines operational margin expansion or contraction
- Global shift toward decarbonized transport increases demand for hydrogen and battery trains
| Net Income: 473.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA 3.68 > 1.0 |
| NWC/Revenue: -3.35% < 20% (prev -8.58%; Δ 5.24% < -1%) |
| CFO/TA 0.05 > 3% & CFO 1.86b > Net Income 473.0m |
| Net Debt (2.77b) to EBITDA (2.43b): 1.14 < 3 |
| Current Ratio: 0.94 > 1.5 & < 3 |
| Outstanding Shares: last quarter (462.0m) vs 12m ago 13.39% < -2% |
| Gross Margin: 12.90% > 18% (prev 0.13%; Δ 1.28k% > 0.5%) |
| Asset Turnover: 110.3% > 50% (prev 91.12%; Δ 19.23% > 0%) |
| Interest Coverage Ratio: 5.38 > 6 (EBITDA TTM 2.43b / Interest Expense TTM 300.0m) |
| A: -0.04 (Total Current Assets 19.1b - Total Current Liabilities 20.3b) / Total Assets 35.0b |
| B: 0.03 (Retained Earnings 1.14b / Total Assets 35.0b) |
| C: 0.05 (EBIT TTM 1.61b / Avg Total Assets 34.1b) |
| D: 0.16 (Book Value of Equity 4.04b / Total Liabilities 25.0b) |
| Altman-Z'' = 0.36 = B |
| DSRI: 1.07 (Receivables 10.6b/7.92b, Revenue 37.7b/30.3b) |
| GMI: 0.97 (GM 12.90% / 12.56%) |
| AQI: 0.92 (AQ_t 0.37 / AQ_t-1 0.41) |
| SGI: 1.24 (Revenue 37.7b / 30.3b) |
| TATA: -0.04 (NI 473.0m - CFO 1.86b) / TA 35.0b) |
| Beneish M = -2.90 (Cap -4..+1) = A |
As of May 25, 2026, the stock is trading at EUR 16.88 with a total of 1,049,262 shares traded.
Over the past week, the price has changed by -1.03%,
over one month by +2.15%,
over three months by -42.52% and
over the past year by -11.79%.
Alstom S.A. has no consensus analysts rating.
P/E Trailing = 28.125
P/E Forward = 11.0254
P/S = 0.4072
P/B = 0.7321
P/EG = 0.5642
Revenue TTM = 37.7b EUR
EBIT TTM = 1.61b EUR
EBITDA TTM = 2.43b EUR
Long Term Debt = 1.98b EUR (from longTermDebt, last quarter)
Short Term Debt = 967.0m EUR (from shortTermDebt, last quarter)
Debt = 5.10b EUR (from shortLongTermDebtTotal, last quarter) + Leases 794.0m
Net Debt = 2.77b EUR (calculated: Debt 5.10b - CCE 2.33b)
Enterprise Value = 10.6b EUR (7.81b + Debt 5.10b - CCE 2.33b)
Interest Coverage Ratio = 5.38 (Ebit TTM 1.61b / Interest Expense TTM 300.0m)
EV/FCF = 12.99x (Enterprise Value 10.6b / FCF TTM 814.0m)
FCF Yield = 7.70% (FCF TTM 814.0m / Enterprise Value 10.6b)
FCF Margin = 2.16% (FCF TTM 814.0m / Revenue TTM 37.7b)
Net Margin = 1.26% (Net Income TTM 473.0m / Revenue TTM 37.7b)
Gross Margin = 12.90% ((Revenue TTM 37.7b - Cost of Revenue TTM 32.8b) / Revenue TTM)
Gross Margin QoQ = 14.06% (prev 12.51%)
Tobins Q-Ratio = 0.30 (Enterprise Value 10.6b / Total Assets 35.0b)
Interest Expense / Debt = 5.88% (Interest Expense 300.0m / Debt 5.10b)
Taxrate = 26.25% (131.0m / 499.0m)
NOPAT = 1.19b (EBIT 1.61b * (1 - 26.25%))
Current Ratio = 0.94 (Total Current Assets 19.1b / Total Current Liabilities 20.3b)
Debt / Equity = 0.51 (Debt 5.10b / totalStockholderEquity, last quarter 9.91b)
Debt / EBITDA = 1.14 (Net Debt 2.77b / EBITDA 2.43b)
Debt / FCF = 3.40 (Net Debt 2.77b / FCF TTM 814.0m)
Total Stockholder Equity = 10.1b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.39% (Net Income 473.0m / Total Assets 35.0b)
RoE = 4.68% (Net Income TTM 473.0m / Total Stockholder Equity 10.1b)
RoCE = 13.34% (EBIT 1.61b / Capital Employed (Equity 10.1b + L.T.Debt 1.98b))
RoIC = 7.71% (NOPAT 1.19b / Invested Capital 15.4b)
WACC = 5.49% (E(7.81b)/V(12.9b) * Re(6.25%) + D(5.10b)/V(12.9b) * Rd(5.88%) * (1-Tc(0.26)))
Discount Rate = 6.25% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 80.90 | Cagr: 7.01%
[DCF] Terminal Value 75.44% ; FCFF base≈814.0m ; Y1≈817.4m ; Y5≈865.8m
[DCF] Fair Price = 23.12 (EV 13.5b - Net Debt 2.77b = Equity 10.7b / Shares 462.6m; r=8.35% [WACC [floored]]; 5y FCF grow 0.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.0 | # QB: 0
Revenue Correlation: 78.91 | Revenue CAGR: 14.00% | SUE: 0.03 | # QB: 0
EPS current Year (2027-03-31): EPS=1.71 | Chg30d=-6.55% | Revisions=-33% | GrowthEPS=+0.0% | GrowthRev=+5.5%
EPS next Year (2028-03-31): EPS=2.12 | Chg30d=-3.73% | Revisions=-56% | GrowthEPS=+23.7% | GrowthRev=+5.1%
[Analyst] Revisions Ratio: -56%