ALSTOM UNSP (ALSMY)
OTHER OTC:ALSMY
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ALSTOM UNSP
(OTC:ALSMY)
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Rating:57Neutral
Price Target:
$2.00
▼(-24.24% Downside)
Action:Reiterated
Date:06/12/26
The score is supported by improved financial performance (revenue growth, margin recovery, and manageable leverage), but is held back by weak and volatile free-cash-flow trends and a clearly bearish technical setup (below key moving averages with negative MACD). Valuation is neutral with no dividend support.
Positive Factors
Recurring Services Revenue
Alstom’s services backlog—maintenance, spare parts, fleet management and long-term availability contracts—creates recurring, higher-visibility revenue streams. This aftermarket focus improves revenue stability, supports margins over asset lifecycles, and strengthens long-term cash predictability versus pure manufacturing sales.
Negative Factors
Weak & Volatile Free Cash Flow
Persistent FCF volatility and weak cash conversion (36% of net income) limit the company’s ability to self-fund capex, return capital, or rapidly de-lever after downturns. Multi-year uneven FCF raises execution risk on large projects and reduces reliability of cash available for strategic investments.
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Positive Factors
Negative Factors
Recurring Services Revenue
Alstom’s services backlog—maintenance, spare parts, fleet management and long-term availability contracts—creates recurring, higher-visibility revenue streams. This aftermarket focus improves revenue stability, supports margins over asset lifecycles, and strengthens long-term cash predictability versus pure manufacturing sales.
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ALSTOM UNSP (ALSMY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$8.59B
Dividend YieldN/A
Average Volume (3M)20.95K
Price to Earnings (P/E)23.1
Beta (1Y)0.31
Revenue Growth12.04%
EPS Growth115.03%
CountryUS
Employees78,684
SectorIndustrials
Sector Strength72
IndustryRailroads
Share Statistics
EPS (TTM)0.07
Shares Outstanding4,626,160,000
10 Day Avg. Volume0
30 Day Avg. Volume20,954
Financial Highlights & Ratios
PEG Ratio0.28
Price to Book (P/B)1.05
Price to Sales (P/S)0.58
P/FCF Ratio34.17
Enterprise Value/Market Cap1.11
Enterprise Value/Revenue0.49
Enterprise Value/Gross Profit3.69
Enterprise Value/Ebitda6.24
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.22
Revenue Forecast (FY)$23.53B
ALSTOM UNSP Business Overview & Revenue Model
Company Description
Alstom S.A., a company established in 1992 and based in Saint-Ouen, France, serves as a leading global provider of integrated solutions for the rail transport industry. Its comprehensive operations extend across diverse regions, including Europe, ...
How the Company Makes Money
Alstom primarily makes money by selling rail products and delivering rail projects under customer contracts, and by providing recurring services over the operating life of rail assets. Key revenue streams typically include: (1) Rolling stock: reve...
ALSTOM UNSP Earnings Call Summary
Earnings Call Date:May 13, 2026
(Q4-2026)
| % Change Since: |
Next Earnings Date:Nov 18, 2026
Earnings Call Sentiment Negative
The call highlighted strong commercial performance (record order intake, book-to-bill >1, organic sales growth +7%) and a constructive medium-term outlook (guidance to ~6.5% adjusted EBIT margin and positive annual free cash flow). However, significant operational execution issues—primarily in rolling stock ramp-ups and homologations—caused margin dilution, elevated costs, weaker-than-expected free cash flow (EUR 330m) and a large forecasted H1 cash outflow (~EUR 1.5bn). Management has prioritized deep operational changes and tighter planning, but near-term financial performance and cash seasonality remain material concerns.Positive Updates
Record Commercial Momentum and Strong Order Intake
Alstom recorded approximately EUR 27.6 billion of orders for fiscal year 25-26 (management also referenced ~EUR 28 billion of order intake), delivering a book-to-bill ratio of 1.4 and a backlog of ~EUR 100 billion.
Negative Updates
Adjusted EBIT Margin Below Expectations
Adjusted EBIT margin for fiscal year 25-26 landed at around 6% (broadly stable at constant currency/scope but lower than prior year and below prior guidance), with margin pressure coming from rolling stock execution and higher R&D spend.
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Q4-2026 Updates
Positive
Negative
Record Commercial Momentum and Strong Order Intake
Alstom recorded approximately EUR 27.6 billion of orders for fiscal year 25-26 (management also referenced ~EUR 28 billion of order intake), delivering a book-to-bill ratio of 1.4 and a backlog of ~EUR 100 billion.
Read all positive updates
Company Guidance
Alstom guided for fiscal 2026‑27 to a book‑to‑bill above 1 and organic sales growth of around 5%, with adjusted EBIT margin expected to rebound to about 6.5% (versus ~6% in FY25‑26) and positive free cash flow for the year despite an expected H1 cash outflow of roughly EUR 1.5bn and a very strong H2 to offset it. Management reiterated key FY25‑26 preliminaries and liquidity metrics underpinning the outlook: orders ~EUR 27.6bn (record commercial activity ~EUR 28bn) and book‑to‑bill 1.4, backlog ~EUR 100bn, sales EUR 19.2bn (+4% reported, +7% organic), 4,284 cars produced (‑2% y/y), gross margin in the backlog 18%, free cash flow ~EUR 330m, financial net debt ~EUR 400m, gross cash EUR 2.3bn and available facilities (EUR 2.5bn and EUR 1.75bn RCFs plus a EUR 2.5bn commercial paper program), while flagging higher R&D and services CapEx and working‑capital seasonality as near‑term cash headwinds.ALSTOM UNSP Financial Statement Overview
Summary
Income Statement
71
Positive
Balance Sheet
74
Positive
Cash Flow
56
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 19.30B | 18.49B | 17.62B | 16.51B | 15.47B |
| Gross Profit | 2.35B | 2.30B | 2.21B | 1.97B | 1.73B |
| EBITDA | 1.52B | 1.26B | 762.00M | 766.00M | 732.00M |
| Net Income | 324.00M | 149.00M | -309.00M | -128.00M | -576.00M |
Balance Sheet | |||||
| Total Assets | 35.01B | 34.59B | 33.25B | 31.40B | 30.52B |
| Cash, Cash Equivalents and Short-Term Investments | 2.30B | 2.27B | 976.00M | 826.00M | 810.00M |
| Total Debt | 3.56B | 3.52B | 4.66B | 3.70B | 3.69B |
| Total Liabilities | 24.22B | 24.01B | 24.48B | 22.29B | 21.49B |
| Stockholders Equity | 10.66B | 10.46B | 8.67B | 9.00B | 8.91B |
Cash Flow | |||||
| Free Cash Flow | 326.17M | 490.00M | -567.00M | 175.00M | -1.00B |
| Operating Cash Flow | 896.98M | 972.00M | -82.00M | 606.00M | -577.00M |
| Investing Cash Flow | -555.70M | 123.00M | -431.00M | -478.00M | -443.00M |
| Financing Cash Flow | -274.83M | 244.00M | 696.00M | -61.00M | 558.00M |
ALSTOM UNSP Technical Analysis
Negative
2.64
Price Trends
2.05
Negative
2.56
Negative
2.62
Negative
Market Momentum
-0.06
Negative
36.56
Neutral
33.96
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ALSMY, the sentiment is Negative. The current price of 2.64 is above the 20-day moving average (MA) of 1.94, above the 50-day MA of 2.05, and above the 200-day MA of 2.62, indicating a bearish trend. The MACD of -0.06 indicates Negative momentum. The RSI at 36.56 is Neutral, neither overbought nor oversold. The STOCH value of 33.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ALSMY.
ALSTOM UNSP Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $46.46B | 38.47 | 10.94% | 0.46% | 9.59% | 10.69% | |
64 Neutral | $1.54B | 10.52 | 9.51% | 2.71% | -17.66% | -26.36% | |
64 Neutral | $2.74B | 10.77 | 24.50% | 4.34% | -27.72% | 91.42% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
58 Neutral | $6.29B | 18.59 | 12.46% | 1.41% | 16.92% | 18.00% | |
57 Neutral | $8.59B | 23.10 | 3.31% | ― | 12.04% | 115.03% | |
57 Neutral | $178.36M | 10.18 | -33.78% | ― | -4.92% | ― |
* Industrials Sector Average
ALSMY
ALSTOM UNSP
1.86
-0.26
-12.30%
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.