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Also traded in: Germany

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 8/10

vs
industry
vs
history
Cash-to-Debt 1.11
NAS:ALTR's Cash-to-Debt is ranked higher than
63% of the 2180 Companies
in the Global Software - Infrastructure industry.

( Industry Median: 5.23 vs. NAS:ALTR: 1.11 )
Ranked among companies with meaningful Cash-to-Debt only.
NAS:ALTR' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.17  Med: 0.66 Max: 95.64
Current: 1.11
0.17
95.64
Equity-to-Asset 0.59
NAS:ALTR's Equity-to-Asset is ranked lower than
65% of the 2115 Companies
in the Global Software - Infrastructure industry.

( Industry Median: 0.60 vs. NAS:ALTR: 0.59 )
Ranked among companies with meaningful Equity-to-Asset only.
NAS:ALTR' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.19  Med: 0.04 Max: 0.59
Current: 0.59
-0.19
0.59
Debt-to-Equity 0.11
NAS:ALTR's Debt-to-Equity is ranked higher than
95% of the 1267 Companies
in the Global Software - Infrastructure industry.

( Industry Median: 0.27 vs. NAS:ALTR: 0.11 )
Ranked among companies with meaningful Debt-to-Equity only.
NAS:ALTR' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.46  Med: -0.99 Max: 0.11
Current: 0.11
-2.46
0.11
Debt-to-EBITDA 0.76
NAS:ALTR's Debt-to-EBITDA is ranked higher than
94% of the 1112 Companies
in the Global Software - Infrastructure industry.

( Industry Median: 1.26 vs. NAS:ALTR: 0.76 )
Ranked among companies with meaningful Debt-to-EBITDA only.
NAS:ALTR' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.02  Med: 2.02 Max: 3.69
Current: 0.76
-0.02
3.69
Interest Coverage 123.22
NAS:ALTR's Interest Coverage is ranked lower than
70% of the 1702 Companies
in the Global Software - Infrastructure industry.

( Industry Median: 46.64 vs. NAS:ALTR: 123.22 )
Ranked among companies with meaningful Interest Coverage only.
NAS:ALTR' s Interest Coverage Range Over the Past 10 Years
Min: 5.12  Med: 6.82 Max: 123.22
Current: 123.22
5.12
123.22
Piotroski F-Score: 7
Altman Z-Score: 9.26
Beneish M-Score: -2.20
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 6/10

vs
industry
vs
history
Operating Margin % 6.22
NAS:ALTR's Operating Margin % is ranked lower than
58% of the 2144 Companies
in the Global Software - Infrastructure industry.

( Industry Median: 4.91 vs. NAS:ALTR: 6.22 )
Ranked among companies with meaningful Operating Margin % only.
NAS:ALTR' s Operating Margin % Range Over the Past 10 Years
Min: -9.98  Med: 4.57 Max: 6.22
Current: 6.22
-9.98
6.22
Net Margin % 3.46
NAS:ALTR's Net Margin % is ranked lower than
76% of the 2144 Companies
in the Global Software - Infrastructure industry.

( Industry Median: 3.58 vs. NAS:ALTR: 3.46 )
Ranked among companies with meaningful Net Margin % only.
NAS:ALTR' s Net Margin % Range Over the Past 10 Years
Min: -29.82  Med: 3.35 Max: 3.72
Current: 3.46
-29.82
3.72
ROE % 8.33
NAS:ALTR's ROE % is ranked lower than
86% of the 2062 Companies
in the Global Software - Infrastructure industry.

( Industry Median: 6.36 vs. NAS:ALTR: 8.33 )
Ranked among companies with meaningful ROE % only.
NAS:ALTR' s ROE % Range Over the Past 10 Years
Min: -766.79  Med: -379.45 Max: 8.33
Current: 8.33
-766.79
8.33
ROA % 3.52
NAS:ALTR's ROA % is ranked lower than
79% of the 2199 Companies
in the Global Software - Infrastructure industry.

( Industry Median: 2.95 vs. NAS:ALTR: 3.52 )
Ranked among companies with meaningful ROA % only.
NAS:ALTR' s ROA % Range Over the Past 10 Years
Min: -36.91  Med: 3.93 Max: 4.93
Current: 3.52
-36.91
4.93
ROC (Joel Greenblatt) % 89.62
NAS:ALTR's ROC (Joel Greenblatt) % is ranked higher than
61% of the 2165 Companies
in the Global Software - Infrastructure industry.

( Industry Median: 23.63 vs. NAS:ALTR: 89.62 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
NAS:ALTR' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -112.02  Med: 56.89 Max: 89.62
Current: 89.62
-112.02
89.62
3-Year Revenue Growth Rate -3.30
NAS:ALTR's 3-Year Revenue Growth Rate is ranked lower than
99.99% of the 1829 Companies
in the Global Software - Infrastructure industry.

( Industry Median: 6.30 vs. NAS:ALTR: -3.30 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
NAS:ALTR' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: -3.3  Med: -3.3 Max: -3.3
Current: -3.3
3-Year EBITDA Growth Rate 7.60
NAS:ALTR's 3-Year EBITDA Growth Rate is ranked lower than
99.99% of the 1588 Companies
in the Global Software - Infrastructure industry.

( Industry Median: 9.10 vs. NAS:ALTR: 7.60 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
NAS:ALTR' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: 7.6  Med: 7.6 Max: 7.6
Current: 7.6
GuruFocus has detected 3 Warning Signs with Altair Engineering Inc NAS:ALTR.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» NAS:ALTR's 30-Y Financials

Financials (Next Earnings Date: 2019-05-14)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

Q1 2018

ALTR Guru Trades in Q1 2018

Chuck Royce 25,216 sh (+24.28%)
Ron Baron 2,100,528 sh (unchged)
PRIMECAP Management 1,012,400 sh (unchged)
» More
Q2 2018

ALTR Guru Trades in Q2 2018

Steven Cohen 209,900 sh (New)
Paul Tudor Jones 16,766 sh (New)
Ron Baron 2,100,528 sh (unchged)
PRIMECAP Management 1,012,400 sh (unchged)
Chuck Royce 25,000 sh (-0.86%)
» More
Q3 2018

ALTR Guru Trades in Q3 2018

Jim Simons 13,600 sh (New)
Joel Greenblatt 12,596 sh (New)
Caxton Associates 24,700 sh (New)
Chuck Royce 25,000 sh (unchged)
Steven Cohen Sold Out
Paul Tudor Jones Sold Out
PRIMECAP Management 1,004,400 sh (-0.79%)
Ron Baron 2,024,757 sh (-3.61%)
» More
Q4 2018

ALTR Guru Trades in Q4 2018

Chuck Royce 67,816 sh (+171.26%)
Jim Simons 39,300 sh (+188.97%)
Joel Greenblatt 18,879 sh (+49.88%)
Caxton Associates Sold Out
PRIMECAP Management 948,200 sh (-5.60%)
Ron Baron 1,974,757 sh (-2.47%)
» More
» Details

Insider Trades

Latest Guru Trades with ALTR

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

Guru Date Action
Impact Price Range
(Average)*
Change from Average Comment Current Shares
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Business Description

Industry: Application Software » Software - Infrastructure    NAICS: 423430    SIC: 7372
Compare:NAS:XELA, NAS:CARB, SZSE:300096, TSE:9928, BOM:532254, ASX:APT, NAS:LPSN, SZSE:002090, NSE:PERSISTENT, SHSE:603039, SHSE:600571, SZSE:300663, SZSE:300378, NAS:BAND, SGX:5CP, TPE:6214, NAS:USAT, TSX:SUM, XKRX:035600, NYSE:YEXT » details
Traded in other countries:8A2.Germany,
Headquarter Location:USA
Altair Engineering Inc is a provider of enterprise-class engineering software. It also provides services related to its software including consulting, training, implementation services, and support, along with technical services for product development.

Altair Engineering Inc is a provider of enterprise-class engineering software enabling origination of entire product lifecycle from concept design to in-service operation. The integrated suite of software provided by the company optimizes design performance across multiple disciplines encompassing structures, motion, fluids, thermal management, system modeling and embedded systems. The company operates through two reportable segments i.e. Software which includes the portfolio of software products such as solvers and optimization technology products, modeling and visualization tools, industrial and concept design tools, and others; and Client Engineering Services which provides client engineering services to support customers. Most of the company's revenue comes from the United States.

Ratios

vs
industry
vs
history
PE Ratio 216.45
ALTR's PE Ratio is ranked lower than
99.99% of the 1475 Companies
in the Global Software - Infrastructure industry.

( Industry Median: 24.79 vs. ALTR: 216.45 )
Ranked among companies with meaningful PE Ratio only.
ALTR' s PE Ratio Range Over the Past 10 Years
Min: 142.94  Med: 173.61 Max: 219.39
Current: 216.45
142.94
219.39
Forward PE Ratio 63.29
ALTR's Forward PE Ratio is ranked lower than
83% of the 456 Companies
in the Global Software - Infrastructure industry.

( Industry Median: 26.18 vs. ALTR: 63.29 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PE Ratio without NRI 216.45
ALTR's PE Ratio without NRI is ranked lower than
99.99% of the 1414 Companies
in the Global Software - Infrastructure industry.

( Industry Median: 24.46 vs. ALTR: 216.45 )
Ranked among companies with meaningful PE Ratio without NRI only.
ALTR' s PE Ratio without NRI Range Over the Past 10 Years
Min: 142.94  Med: 173.61 Max: 219.39
Current: 216.45
142.94
219.39
PB Ratio 10.46
ALTR's PB Ratio is ranked lower than
86% of the 2262 Companies
in the Global Software - Infrastructure industry.

( Industry Median: 2.93 vs. ALTR: 10.46 )
Ranked among companies with meaningful PB Ratio only.
ALTR' s PB Ratio Range Over the Past 10 Years
Min: 6.91  Med: 13 Max: 35.14
Current: 10.46
6.91
35.14
PS Ratio 7.37
ALTR's PS Ratio is ranked lower than
76% of the 2268 Companies
in the Global Software - Infrastructure industry.

( Industry Median: 2.86 vs. ALTR: 7.37 )
Ranked among companies with meaningful PS Ratio only.
ALTR' s PS Ratio Range Over the Past 10 Years
Min: 3.55  Med: 6.17 Max: 8.33
Current: 7.37
3.55
8.33
Price-to-Free-Cash-Flow 104.17
ALTR's Price-to-Free-Cash-Flow is ranked lower than
83% of the 924 Companies
in the Global Software - Infrastructure industry.

( Industry Median: 28.20 vs. ALTR: 104.17 )
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
ALTR' s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 68.8  Med: 137.27 Max: 224.57
Current: 104.17
68.8
224.57
Price-to-Operating-Cash-Flow 77.76
ALTR's Price-to-Operating-Cash-Flow is ranked lower than
82% of the 1181 Companies
in the Global Software - Infrastructure industry.

( Industry Median: 20.26 vs. ALTR: 77.76 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
ALTR' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 51.36  Med: 75.48 Max: 119.68
Current: 77.76
51.36
119.68
EV-to-EBIT 101.01
ALTR's EV-to-EBIT is ranked lower than
93% of the 1537 Companies
in the Global Software - Infrastructure industry.

( Industry Median: 18.10 vs. ALTR: 101.01 )
Ranked among companies with meaningful EV-to-EBIT only.
ALTR' s EV-to-EBIT Range Over the Past 10 Years
Min: -170.8  Med: -45.25 Max: 222.1
Current: 101.01
-170.8
222.1
EV-to-EBITDA 65.54
ALTR's EV-to-EBITDA is ranked lower than
90% of the 1661 Companies
in the Global Software - Infrastructure industry.

( Industry Median: 14.06 vs. ALTR: 65.54 )
Ranked among companies with meaningful EV-to-EBITDA only.
ALTR' s EV-to-EBITDA Range Over the Past 10 Years
Min: -1100.4  Med: -68.85 Max: 108.6
Current: 65.54
-1100.4
108.6
EV-to-Revenue 6.93
ALTR's EV-to-Revenue is ranked lower than
72% of the 2327 Companies
in the Global Software - Infrastructure industry.

( Industry Median: 2.52 vs. ALTR: 6.93 )
Ranked among companies with meaningful EV-to-Revenue only.
ALTR' s EV-to-Revenue Range Over the Past 10 Years
Min: 3.9  Med: 6.3 Max: 8.5
Current: 6.93
3.9
8.5
Current Ratio 1.21
ALTR's Current Ratio is ranked lower than
63% of the 2075 Companies
in the Global Software - Infrastructure industry.

( Industry Median: 1.93 vs. ALTR: 1.21 )
Ranked among companies with meaningful Current Ratio only.
ALTR' s Current Ratio Range Over the Past 10 Years
Min: 0.63  Med: 0.7 Max: 1.21
Current: 1.21
0.63
1.21
Quick Ratio 1.19
ALTR's Quick Ratio is ranked lower than
58% of the 2075 Companies
in the Global Software - Infrastructure industry.

( Industry Median: 1.78 vs. ALTR: 1.19 )
Ranked among companies with meaningful Quick Ratio only.
ALTR' s Quick Ratio Range Over the Past 10 Years
Min: 0.62  Med: 0.69 Max: 1.19
Current: 1.19
0.62
1.19
Days Inventory 5.05
ALTR's Days Inventory is ranked higher than
72% of the 1270 Companies
in the Global Software - Infrastructure industry.

( Industry Median: 16.77 vs. ALTR: 5.05 )
Ranked among companies with meaningful Days Inventory only.
ALTR' s Days Inventory Range Over the Past 10 Years
Min: 5.05  Med: 6.04 Max: 7.63
Current: 5.05
5.05
7.63
Days Sales Outstanding 85.70
ALTR's Days Sales Outstanding is ranked lower than
51% of the 2082 Companies
in the Global Software - Infrastructure industry.

( Industry Median: 66.86 vs. ALTR: 85.70 )
Ranked among companies with meaningful Days Sales Outstanding only.
ALTR' s Days Sales Outstanding Range Over the Past 10 Years
Min: 82.15  Med: 84.31 Max: 89.99
Current: 85.7
82.15
89.99
Days Payable 26.30
ALTR's Days Payable is ranked lower than
79% of the 1870 Companies
in the Global Software - Infrastructure industry.

( Industry Median: 44.89 vs. ALTR: 26.30 )
Ranked among companies with meaningful Days Payable only.
ALTR' s Days Payable Range Over the Past 10 Years
Min: 16.71  Med: 20.35 Max: 26.3
Current: 26.3
16.71
26.3

Buy Back

vs
industry
vs
history
3-Year Average Share Buyback Ratio -14.20
ALTR's 3-Year Average Share Buyback Ratio is ranked lower than
99.99% of the 1507 Companies
in the Global Software - Infrastructure industry.

( Industry Median: -3.30 vs. ALTR: -14.20 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
ALTR' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -14.2  Med: -14.2 Max: -14.2
Current: -14.2

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 487.00
ALTR's Price-to-Tangible-Book is ranked lower than
84% of the 2013 Companies
in the Global Software - Infrastructure industry.

( Industry Median: 4.54 vs. ALTR: 487.00 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
ALTR' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 320.7  Med: 320.7 Max: 493.63
Current: 487
320.7
493.63
Price-to-Median-PS-Value 1.19
ALTR's Price-to-Median-PS-Value is ranked lower than
62% of the 2062 Companies
in the Global Software - Infrastructure industry.

( Industry Median: 1.00 vs. ALTR: 1.19 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
ALTR' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.65  Med: 0.75 Max: 1.21
Current: 1.19
0.65
1.21
Price-to-Graham-Number 67.17
ALTR's Price-to-Graham-Number is ranked lower than
99.99% of the 1170 Companies
in the Global Software - Infrastructure industry.

( Industry Median: 2.19 vs. ALTR: 67.17 )
Ranked among companies with meaningful Price-to-Graham-Number only.
ALTR' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 46.75  Med: 46.75 Max: 68.09
Current: 67.17
46.75
68.09
Earnings Yield (Greenblatt) % 0.99
ALTR's Earnings Yield (Greenblatt) % is ranked lower than
59% of the 2413 Companies
in the Global Software - Infrastructure industry.

( Industry Median: 2.07 vs. ALTR: 0.99 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
ALTR' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: -2.6  Med: -0.7 Max: 1.4
Current: 0.99
-2.6
1.4

More Statistics

Revenue (TTM) (Mil) $396.38
EPS (TTM) $ 0.18
Volatility48.20%
52-Week Range $25.28 - 43.99
Shares Outstanding (Mil)70.68

Analyst Estimate

Dec19 Dec20
Revenue (Mil $) 477 544
EBIT (Mil $)
EBITDA (Mil $) 79 96
EPS ($) 0.28 0.55
EPS without NRI ($) 0.28 0.55
EPS Growth Rate
(Future 3Y To 5Y Estimate)
N/A
Dividends per Share ($)

Piotroski F-Score Details

Piotroski F-Score: 77
Positive ROAY
Positive CFROAY
Higher ROA yoyY
CFROA > ROAY
Lower Leverage yoyN
Higher Current Ratio yoyY
Less Shares Outstanding yoyN
Higher Gross Margin yoyY
Higher Asset Turnover yoyY

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