ATE Stock Analysis: Alten | PA
Information Technology Services | PA, France | Market Cap: 2.418m EUR | 12M Return: 17.6% | FR0000071946 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 3.28M
Warnings
No concerns identified
Tailwinds
Seasonality 11.7 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: 138.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.09 > 0.02 and ΔFCF/TA -1.64 > 1.0 |
| NWC/Revenue: 15.57% < 20% (prev 15.25%; Δ 0.32% < -1%) |
| CFO/TA 0.10 > 3% & CFO 355.4m > Net Income 138.1m |
| Net Debt (228.9m) to EBITDA (447.9m): 0.51 < 3 |
| Current Ratio: 1.54 > 1.5 & < 3 |
| Outstanding Shares: last quarter (35.6m) vs 12m ago 1.73% < -2% |
| Gross Margin: 9.01% > 18% (prev 12.78%; Δ -3.77% > 0.5%) |
| Asset Turnover: 113.5% > 50% (prev 114.1%; Δ -0.54% > 0%) |
| Interest Coverage Ratio: 15.43 > 6 (EBIT TTM 346.9m / Interest Expense TTM 22.5m) |
| A: 0.18 (Total Current Assets 1.82b - Total Current Liabilities 1.18b) / Total Assets 3.65b |
| B: 0.03 (Retained Earnings 106.9m / Total Assets 3.65b) |
| C: 0.10 (EBIT TTM 346.9m / Avg Total Assets 3.63b) |
| D: 1.59 (Book Value of Equity 2.24b / Total Liabilities 1.41b) |
| Altman-Z'' = 3.55 = A |
| DSRI: 0.94 (Receivables 1.35b/1.43b, Revenue 4.12b/4.12b) |
| GMI: 1.42 (GM 12.78% / 9.01%) |
| AQI: 1.01 (AQ_t 0.44 / AQ_t-1 0.43) |
| SGI: 1.00 (Revenue 4.12b / 4.12b) |
| TATA: -0.06 (NI 138.1m - CFO 355.4m) / TA 3.65b) |
| Beneish M = -2.70 (Cap -4..+1) = A |
As of September 27, 2026, the stock is trading at EUR 76.25 with a total of 123,081 shares traded. Over the past week, the price has changed by +15.36%, over one month by +1.06%, over three months by +45.38% and over the past year by +17.64%.
Current recommended Stop Loss: 70.50 (which is 7.5% or 2.4 ATR below the current price).
Alten has no consensus analysts rating.
P/E Trailing = 23.2895
P/E Forward = 8.9286
P/S = 0.5899
P/B = 1.1152
P/EG = 1.4311
Revenue TTM = 4.12b EUR
EBIT TTM = 346.9m EUR
EBITDA TTM = 447.9m EUR
Long Term Debt = 8.68m EUR (from longTermDebt, last fiscal year)
Short Term Debt = 125.6m EUR (from shortTermDebt, last quarter)
Debt = 495.6m EUR (from shortLongTermDebtTotal, last quarter) + Leases 222.1m
Net Debt = 228.9m EUR (calculated: Debt 495.6m - CCE 266.7m)
Enterprise Value = 2.65b EUR (2.42b + Debt 495.6m - CCE 266.7m)
Interest Coverage Ratio = 15.43 (Ebit TTM 346.9m / Interest Expense TTM 22.5m)
EV/FCF = 7.71x (Enterprise Value 2.65b / FCF TTM 343.5m)
FCF Yield = 12.98% (FCF TTM 343.5m / Enterprise Value 2.65b)
FCF Margin = 8.33% (FCF TTM 343.5m / Revenue TTM 4.12b)
Net Margin = 3.35% (Net Income TTM 138.1m / Revenue TTM 4.12b)
Gross Margin = 9.01% ((Revenue TTM 4.12b - Cost of Revenue TTM 3.75b) / Revenue TTM)
Gross Margin QoQ = 8.35% (prev 9.70%)
Tobins Q-Ratio = 0.72 (Enterprise Value 2.65b / Total Assets 3.65b)
Interest Expense / Debt = 4.53% (Interest Expense 22.5m / Debt 495.6m)
Taxrate = 41.77% (99.1m / 237.2m)
NOPAT = 202.0m (EBIT 346.9m * (1 - 41.77%))
Current Ratio = 1.54 (Total Current Assets 1.82b / Total Current Liabilities 1.18b)
Debt / Equity = 0.22 (Debt 495.6m / totalStockholderEquity, last quarter 2.24b)
Debt / EBITDA = 0.51 (Net Debt 228.9m / EBITDA 447.9m)
Debt / FCF = 0.67 (Net Debt 228.9m / FCF TTM 343.5m)
Total Stockholder Equity = 2.22b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.80% (Net Income 138.1m / Total Assets 3.65b)
RoE = 6.23% (Net Income TTM 138.1m / Total Stockholder Equity 2.22b)
RoCE = 15.59% (EBIT 346.9m / Capital Employed (Equity 2.22b + L.T.Debt 8.68m))
RoIC = 8.45% (NOPAT 202.0m / Invested Capital 2.39b)
WACC = 5.89% (E(2.42b)/V(2.91b) * Re(6.56%) + D(495.6m)/V(2.91b) * Rd(4.53%) * (1-Tc(0.42)))
Discount Rate = 6.56% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 88.97 | Cagr: 1.46%
[DCF] Terminal Value 73.31% ; FCFF base≈365.6m ; Y1≈324.3m ; Y5≈268.0m
[DCF] Fair Price = 118.9 (EV 4.29b - Net Debt 228.9m = Equity 4.06b / Shares 34.2m; r=8.35% [WACC [floored]]; 5y FCF grow -13.84% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.0 | # QB: 0
Revenue Correlation: 33.11 | Revenue CAGR: 0.23% | SUE: 1.07 | # QB: 1
EPS current Quarter (2026-06-30): EPS=0.00 | Chg30d=N/A | Revisions=N/A | Analysts=0
EPS current Year (2026-12-31): EPS=7.54 | Chg30d=-1.33% | Revisions=+62% | GrowthEPS=+84.4% | GrowthRev=+2.9%
EPS next Year (2027-12-31): EPS=8.48 | Chg30d=-1.57% | Revisions=+62% | GrowthEPS=+12.5% | GrowthRev=+4.5%
[Analyst] Revisions Ratio: +77% (up=10, down=0)