Alstom SA (FR:ALO)
:ALO
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Alstom SA
(ALO)
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Rating:56Neutral
Price Target:
€17.50
▲(5.17% Upside)
Action:Reiterated
Date:05/17/26
The score is led by improving financial performance (earnings rebound and steady revenue growth) but tempered by inconsistent cash generation and still-thin margins. Technicals are a notable drag due to a strong downtrend versus key moving averages and negative MACD. Valuation is neutral-to-slightly supportive with a mid-range P/E, but no dividend data is available.
Positive Factors
Steady revenue growth
Alstom’s revenue scale roughly doubled 2021–2026, indicating durable contract wins and market expansion. Larger top-line supports economies of scale, stronger negotiating power on supplier costs and capacity to pursue large turnkey projects, bolstering structural competitiveness.
Negative Factors
Thin margins and earnings volatility
Low single-digit operating margins and past swings into losses mean small cost overruns or project delays can erode profitability. Thin margins reduce the firm’s cushioning against contract risk and make sustainable return on capital dependent on consistent execution.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady revenue growth
Alstom’s revenue scale roughly doubled 2021–2026, indicating durable contract wins and market expansion. Larger top-line supports economies of scale, stronger negotiating power on supplier costs and capacity to pursue large turnkey projects, bolstering structural competitiveness.
Read all positive factors
Alstom SA (ALO) vs. iShares MSCI France ETF (EWQ)
Market Cap
€7.49B
Dividend YieldN/A
Average Volume (3M)1.14M
Price to Earnings (P/E)23.1
Beta (1Y)0.91
Revenue Growth3.69%
EPS Growth98.88%
CountryFR
Employees78,684
SectorGeneral
Sector StrengthN/A
IndustryRailroads
Share Statistics
EPS (TTM)0.71
Shares Outstanding462,616,030
10 Day Avg. Volume1,029,301
30 Day Avg. Volume1,141,369
Financial Highlights & Ratios
PEG Ratio0.33
Price to Book (P/B)1.13
Price to Sales (P/S)0.58
P/FCF Ratio34.60
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€20.19Price Target Upside21.32% Upside
Rating ConsensusHold
Number of Analyst Covering10
EPS Forecast (FY)1.84
Revenue Forecast (FY)€20.17B
Alstom SA Business Overview & Revenue Model
Company Description
Alstom S.A., established in 1992 and headquartered in Saint-Ouen, France, is a global provider of comprehensive solutions for the rail transport sector, operating across Europe, the Americas, Asia-Pacific, the Middle East, and Africa. The company'...
How the Company Makes Money
Alstom makes money primarily by winning rail contracts and delivering engineered products and services over multi-year project timelines. Key revenue streams include: (1) Rolling stock sales: revenue from designing and manufacturing trains and rai...
Alstom SA Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
66
Positive
Cash Flow
52
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 19.17B | 18.49B | 17.62B | 16.51B | 15.47B |
| Gross Profit | 2.17B | 2.30B | 2.21B | 1.97B | 1.73B |
| EBITDA | 1.51B | 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 | 2.33B | 2.27B | 976.00M | 826.00M | 810.00M |
| Total Debt | 4.30B | 3.52B | 4.66B | 3.70B | 3.69B |
| Total Liabilities | 24.97B | 24.01B | 24.48B | 22.29B | 21.49B |
| Stockholders Equity | 9.91B | 10.46B | 8.67B | 9.00B | 8.91B |
Cash Flow | |||||
| Free Cash Flow | 324.00M | 490.00M | -567.00M | 175.00M | -1.00B |
| Operating Cash Flow | 891.00M | 972.00M | -82.00M | 606.00M | -577.00M |
| Investing Cash Flow | -552.00M | 123.00M | -431.00M | -478.00M | -443.00M |
| Financing Cash Flow | -273.00M | 244.00M | 696.00M | -61.00M | 558.00M |
Alstom SA Technical Analysis
Negative
16.64
Price Trends
17.57
Negative
21.95
Negative
22.49
Negative
Market Momentum
-0.49
Negative
37.72
Neutral
28.38
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:ALO, the sentiment is Negative. The current price of 16.64 is below the 20-day moving average (MA) of 16.71, below the 50-day MA of 17.57, and below the 200-day MA of 22.49, indicating a bearish trend. The MACD of -0.49 indicates Negative momentum. The RSI at 37.72 is Neutral, neither overbought nor oversold. The STOCH value of 28.38 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FR:ALO.
Alstom SA Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | €15.09B | 12.13 | 10.95% | 2.35% | 1.67% | -3.83% | |
64 Neutral | €14.97M | 21.27 | 0.46% | 9.97% | -0.16% | -11.30% | |
62 Neutral | €78.18M | -16.30 | -8.07% | 3.87% | 0.05% | -136.71% | |
61 Neutral | €15.09B | 43.70 | ― | 1.73% | ― | ― | |
59 Neutral | €19.40B | 16.17 | 8.45% | 4.51% | -0.96% | 13.16% | |
56 Neutral | €7.49B | 23.10 | 3.14% | ― | 3.69% | 98.88% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
FR:ALO
Alstom SA
16.24
-2.20
-11.91%
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FR:ALGIR
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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.