ATE Stock Analysis: Alten | PA
Information Technology Services | PA, France | Market Cap: 2.597m EUR | 12M Return: 13.3% | FR0000071946 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 4.14M
Warnings
No concerns identified
Tailwinds
Seasonality 11.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Alten S.A. is a French engineering and technology consultancy that provides outsourced technical, R&D, and information systems services to industrial, telecoms, and service-sector clients across Europe, North America, and the Asia-Pacific region. Its service portfolio covers engineering disciplines such as mechanics, materials, embedded software, systems engineering, and manufacturing support, alongside IT services including cybersecurity, artificial intelligence, cloud and infrastructure, and data management. The company serves a diversified client base across aerospace, defense, automotive, rail, energy, life sciences, banking, telecoms, retail, media, and public-sector organizations. Alten was founded in 1988 and is headquartered in Boulogne-Billancourt, France.
As an IT and engineering consultancy, Alten operates a labor-based business model in which revenue is primarily generated by deploying skilled engineers and IT consultants on client projects, typically embedded within customer teams. Companies in the IT consulting and outsourced R&D sub-industry generally depend on consultant utilization rates, long-term framework agreements with large industrial clients, and the ability to recruit specialized technical talent.
- European auto demand weakness pressures engineering services revenue
- Aerospace and defense verticals drive consulting order growth
- Engineer wage inflation compresses IT consulting margins
| Net Income: 106.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.09 > 0.02 and ΔFCF/TA -2.60 > 1.0 |
| NWC/Revenue: 17.83% < 20% (prev 14.75%; Δ 3.09% < -1%) |
| CFO/TA 0.09 > 3% & CFO 332.0m > Net Income 106.9m |
| Net Debt (163.0m) to EBITDA (406.7m): 0.40 < 3 |
| Current Ratio: 1.63 > 1.5 & < 3 |
| Outstanding Shares: last quarter (35.3m) vs 12m ago 2.75% < -2% |
| Gross Margin: 8.34% > 18% (prev 18.54%; Δ -10.20% > 0.5%) |
| Asset Turnover: 112.6% > 50% (prev 113.7%; Δ -1.12% > 0%) |
| Interest Coverage Ratio: 32.30 > 6 (EBIT TTM 303.0m / Interest Expense TTM 9.38m) |
| A: 0.20 (Total Current Assets 1.89b - Total Current Liabilities 1.16b) / Total Assets 3.64b |
| B: 0.03 (Retained Earnings 106.9m / Total Assets 3.64b) |
| C: 0.08 (EBIT TTM 303.0m / Avg Total Assets 3.64b) |
| D: 1.57 (Book Value of Equity 2.22b / Total Liabilities 1.41b) |
| Altman-Z'' = 3.63 = AA |
| DSRI: 1.00 (Receivables 1.30b/1.31b, Revenue 4.10b/4.14b) |
| GMI: 2.22 (GM 18.54% / 8.34%) |
| AQI: 0.96 (AQ_t 0.41 / AQ_t-1 0.43) |
| SGI: 0.99 (Revenue 4.10b / 4.14b) |
| TATA: -0.06 (NI 106.9m - CFO 332.0m) / TA 3.64b) |
| Beneish M = -1.95 (Cap -4..+1) = B |
As of August 24, 2026, the stock is trading at EUR 76.05 with a total of 22,415 shares traded. Over the past week, the price has changed by +2.77%, over one month by +34.01%, over three months by +22.10% and over the past year by +13.33%.
Current recommended Stop Loss: 72.90 (which is 4.1% or 1.3 ATR below the current price).
Alten has no consensus analysts rating.
P/E Trailing = 25.0164
P/E Forward = 10.2459
P/S = 0.6335
P/B = 1.1532
P/EG = 1.4311
Revenue TTM = 4.10b EUR
EBIT TTM = 303.0m EUR
EBITDA TTM = 406.7m EUR
Long Term Debt = 8.68m EUR (from longTermDebt, last quarter)
Short Term Debt = 120.6m EUR (from shortTermDebt, last quarter)
Debt = 511.3m EUR (from shortLongTermDebtTotal, last quarter) + Leases 222.1m
Net Debt = 163.0m EUR (calculated: Debt 511.3m - CCE 348.3m)
Enterprise Value = 2.76b EUR (2.60b + Debt 511.3m - CCE 348.3m)
Interest Coverage Ratio = 32.30 (Ebit TTM 303.0m / Interest Expense TTM 9.38m)
EV/FCF = 8.62x (Enterprise Value 2.76b / FCF TTM 320.2m)
FCF Yield = 11.60% (FCF TTM 320.2m / Enterprise Value 2.76b)
FCF Margin = 7.81% (FCF TTM 320.2m / Revenue TTM 4.10b)
Net Margin = 2.61% (Net Income TTM 106.9m / Revenue TTM 4.10b)
Gross Margin = 8.34% ((Revenue TTM 4.10b - Cost of Revenue TTM 3.76b) / Revenue TTM)
Gross Margin QoQ = 9.70% (prev 7.02%)
Tobins Q-Ratio = 0.76 (Enterprise Value 2.76b / Total Assets 3.64b)
Interest Expense / Debt = 1.83% (Interest Expense 9.38m / Debt 511.3m)
Taxrate = 45.29% (88.5m / 195.4m)
NOPAT = 165.8m (EBIT 303.0m * (1 - 45.29%))
Current Ratio = 1.63 (Total Current Assets 1.89b / Total Current Liabilities 1.16b)
Debt / Equity = 0.23 (Debt 511.3m / totalStockholderEquity, last quarter 2.22b)
Debt / EBITDA = 0.40 (Net Debt 163.0m / EBITDA 406.7m)
Debt / FCF = 0.51 (Net Debt 163.0m / FCF TTM 320.2m)
Total Stockholder Equity = 2.19b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.94% (Net Income 106.9m / Total Assets 3.64b)
RoE = 4.89% (Net Income TTM 106.9m / Total Stockholder Equity 2.19b)
RoCE = 13.79% (EBIT 303.0m / Capital Employed (Equity 2.19b + L.T.Debt 8.68m))
RoIC = 6.94% (NOPAT 165.8m / Invested Capital 2.39b)
WACC = 5.77% (E(2.60b)/V(3.11b) * Re(6.71%) + D(511.3m)/V(3.11b) * Rd(1.83%) * (1-Tc(0.45)))
Discount Rate = 6.71% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 84.43 | Cagr: 1.06%
[DCF] Terminal Value 73.10% ; FCFF base≈358.4m ; Y1≈314.3m ; Y5≈253.9m
[DCF] Fair Price = 114.6 (EV 4.08b - Net Debt 163.0m = Equity 3.91b / Shares 34.1m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.0 | # QB: 0
Revenue Correlation: 67.13 | Revenue CAGR: 0.90% | SUE: 0.00 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.00 | Chg30d=N/A | Revisions=N/A | Analysts=0
EPS current Year (2026-12-31): EPS=7.64 | Chg30d=+5.14% | Revisions=+62% | GrowthEPS=+86.9% | GrowthRev=+2.9%
EPS next Year (2027-12-31): EPS=8.61 | Chg30d=+6.90% | Revisions=+62% | GrowthEPS=+12.8% | GrowthRev=+4.3%
[Analyst] Revisions Ratio: +77% (up=10, down=0)