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Alstom SA (FR:ALO)
:ALO
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Alstom SA (ALO) AI Stock Analysis

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FR:ALO

Alstom SA

(ALO)

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Neutral 67 (OpenAI - 4o)
Rating:67Neutral
Price Target:
€26.00
▲(14.99% Upside)
Alstom SA's overall stock score is driven by strong technical indicators and a positive financial performance turnaround. However, the high P/E ratio suggests potential overvaluation, which tempers the overall score. The absence of earnings call data and corporate events means these factors did not influence the score.

Alstom SA (ALO) vs. iShares MSCI France ETF (EWQ)

Alstom SA Business Overview & Revenue Model

Company DescriptionAlstom SA is a French multinational company operating in the transportation sector, primarily focused on rail transport. Established in 1928, Alstom designs, manufactures, and services a wide range of systems and equipment for rail networks worldwide, including high-speed trains, metro systems, trams, and signaling solutions. The company is committed to green mobility and innovation, providing sustainable transport solutions that enhance the efficiency and safety of public transportation systems.
How the Company Makes MoneyAlstom generates revenue through several key streams, including the sale of rolling stock (trains, trams, and metros), signaling systems, and maintenance services. The company typically engages in long-term contracts with transportation authorities and operators, which provide a steady income through the delivery and servicing of rail systems. Additionally, Alstom benefits from partnerships with various governments and private enterprises, enabling it to secure large-scale projects. The company's focus on sustainable technologies, such as electrification and hydrogen-powered trains, positions it favorably in the growing market for green transportation solutions. Furthermore, ongoing investments in R&D allow Alstom to innovate and offer competitive products that meet evolving regulatory and consumer demands, contributing to its overall revenue generation.

Alstom SA Financial Statement Overview

Summary
Alstom SA demonstrates a positive turnaround in financial performance for 2025, with improvements across income, balance sheet, and cash flow metrics. Revenue growth and profitability have improved, with a positive net profit margin and better operational efficiency. The balance sheet shows a stable equity position and reduced leverage, enhancing financial stability. Robust cash flow recovery supports liquidity and operational flexibility. Despite these gains, maintaining consistent performance and addressing high liabilities remain challenges for sustained growth.
Income Statement
75
Positive
The income statement shows positive revenue growth with a 4.94% increase in 2025 compared to 2024. Gross profit margin improved to 12.46% from 12.56% in 2024, indicating stable profitability. Net profit margin turned positive at 0.81%, a significant improvement from the previous year's negative margin. EBIT and EBITDA margins also improved to 3.57% and 6.80% respectively, showcasing better operational efficiency. However, the company's margins are still relatively low, indicating room for further improvement.
Balance Sheet
70
Positive
The balance sheet reveals a solid equity base with a steady increase in stockholders' equity to €10.46 billion in 2025. The debt-to-equity ratio decreased to 0.34, showing a conservative leverage position. The equity ratio improved to 30.25%, reflecting a stronger financial position. Return on equity turned positive at 1.42%, indicating better return generation for shareholders. However, the company's total liabilities remain high, posing potential risks.
Cash Flow
68
Positive
Cash flow analysis indicates a substantial recovery in operating cash flow to €972 million in 2025, a notable improvement from a negative flow in 2024. Free cash flow turned positive at €490 million, reflecting improved cash generation capabilities. The free cash flow to net income ratio stands at 3.29, suggesting efficient cash conversion. However, historical volatility in cash flow remains a concern.
BreakdownTTMDec 2025Dec 2023Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue18.49B18.49B16.51B17.62B15.47B8.79B
Gross Profit2.30B2.30B1.97B2.21B1.73B1.39B
EBITDA1.26B1.26B766.00M762.00M732.00M655.00M
Net Income149.00M149.00M-128.00M-309.00M-576.00M247.00M
Balance Sheet
Total Assets34.59B34.59B31.40B33.25B30.52B28.57B
Cash, Cash Equivalents and Short-Term Investments2.27B2.27B826.00M976.00M810.00M1.25B
Total Debt3.52B3.52B3.70B4.66B3.69B2.93B
Total Liabilities24.01B24.01B22.29B24.48B21.49B19.45B
Stockholders Equity10.46B10.46B9.00B8.67B8.91B9.04B
Cash Flow
Free Cash Flow490.00M490.00M175.00M-567.00M-1.00B-720.00M
Operating Cash Flow972.00M972.00M606.00M-82.00M-577.00M-455.00M
Investing Cash Flow123.00M123.00M-478.00M-431.00M-443.00M-1.94B
Financing Cash Flow244.00M244.00M-61.00M696.00M558.00M1.46B

Alstom SA Technical Analysis

Technical Analysis Sentiment
Positive
Last Price22.61
Price Trends
50DMA
21.91
Positive
100DMA
21.26
Positive
200DMA
20.84
Positive
Market Momentum
MACD
0.26
Negative
RSI
55.29
Neutral
STOCH
51.86
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:ALO, the sentiment is Positive. The current price of 22.61 is above the 20-day moving average (MA) of 22.01, above the 50-day MA of 21.91, and above the 200-day MA of 20.84, indicating a bullish trend. The MACD of 0.26 indicates Negative momentum. The RSI at 55.29 is Neutral, neither overbought nor oversold. The STOCH value of 51.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FR:ALO.

Alstom SA Peers Comparison

Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
76
Outperform
€10.45B10.4714.39%4.24%7.71%-2.82%
76
Outperform
$164.08B32.3122.66%1.48%7.05%54.98%
76
Outperform
€65.40B13.8116.66%4.07%3.21%4.24%
69
Neutral
€14.96B14.148.45%4.84%0.88%-1.93%
67
Neutral
€9.84B69.853.25%4.58%
67
Neutral
€129.07B29.9735.36%0.97%14.19%161.87%
63
Neutral
$10.79B15.437.44%2.01%2.89%-14.66%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
FR:ALO
Alstom SA
22.61
1.72
8.23%
FR:AIR
Airbus Group SE
203.25
66.82
48.97%
FR:EN
Bouygues
41.30
14.12
51.94%
FR:FGR
Eiffage
113.15
31.55
38.67%
FR:SAF
SAFRAN SA
298.80
81.85
37.73%
FR:DG
Vinci SA
117.85
21.18
21.91%

Alstom SA Corporate Events

Financial DisclosuresRegulatory Filings and Compliance
Alstom Releases Half-Year Financial Report for 2025
Neutral
Nov 14, 2025

Alstom has announced the availability of its half-year financial report as of 30 September 2025, which has been filed with the Autorité des marchés financiers. This report, accessible on Alstom’s website, provides stakeholders with insights into the company’s financial performance and strategic direction. The release of this report is a critical component of Alstom’s transparency efforts, potentially impacting investor confidence and market positioning.

The most recent analyst rating on (FR:ALO) stock is a Buy with a EUR28.80 price target. To see the full list of analyst forecasts on Alstom SA stock, see the FR:ALO Stock Forecast page.

Business Operations and StrategyFinancial Disclosures
Alstom SA Reports Strong First Half with Robust Sales Growth
Positive
Nov 13, 2025

Alstom SA reported a strong first half of fiscal year 2025/26, driven by excellent commercial momentum and significant sales growth across all product lines, particularly in Europe and North America. The company achieved a 3.2% increase in group sales to €9,059 million, with a notable 13% rise in adjusted EBIT to €580 million. Despite a 4% decrease in order intake due to timing of awards, Alstom’s backlog and strategic execution position it well for continued growth. The company remains focused on converting demand for sustainable mobility into high-quality orders, as evidenced by recent contracts in France, Bulgaria, and Romania.

The most recent analyst rating on (FR:ALO) stock is a Hold with a EUR20.00 price target. To see the full list of analyst forecasts on Alstom SA stock, see the FR:ALO Stock Forecast page.

Business Operations and StrategyProduct-Related Announcements
Alstom Secures Landmark Deal with PKP Intercity for Coradia Max Trains
Positive
Nov 12, 2025

Alstom has signed a significant 1.6 billion euro contract with PKP Intercity to supply 42 Coradia Max trains, including 30 years of maintenance, with an option for 30 additional trains. This deal marks a new era in Polish rail travel, with trains built entirely in Poland, enhancing comfort, sustainability, and reliability on busy routes. The project underscores Alstom’s commitment to innovation and sustainability, positioning it as a key player in the European rail industry and supporting Poland’s transition to low-emission transport.

The most recent analyst rating on (FR:ALO) stock is a Hold with a EUR20.00 price target. To see the full list of analyst forecasts on Alstom SA stock, see the FR:ALO Stock Forecast page.

Financial Disclosures
Alstom Releases 2025/26 Half-Year Financial Consensus
Neutral
Oct 29, 2025

Alstom has released a company-compiled consensus for the first half of the 2025/26 financial year, based on forecasts from sell-side analysts. This consensus, which includes financial metrics such as orders, sales, and adjusted EBIT, is intended for informational purposes only and does not reflect Alstom’s official forecasts or opinions. The release provides insights into the company’s expected financial performance, but Alstom disclaims responsibility for the accuracy or completeness of the data, emphasizing that it should not be used as a basis for investment decisions.

The most recent analyst rating on (FR:ALO) stock is a Hold with a EUR20.00 price target. To see the full list of analyst forecasts on Alstom SA stock, see the FR:ALO Stock Forecast page.

Business Operations and StrategyProduct-Related Announcements
Alstom Secures Eurostar Order for 30 High-Speed Trains
Positive
Oct 22, 2025

Alstom SA has secured an order from SNCF Voyageurs for 30 new-generation Avelia Horizon very high-speed trains, valued at approximately 1.4 billion euros, with options for up to 20 additional trains. These trains will be operated by Eurostar and will travel through the Channel Tunnel, marking a first for double-deck high-speed trains. The Avelia Horizon trains are designed to meet the demands of international high-speed traffic, offering improved energy efficiency, reduced maintenance costs, and enhanced passenger comfort. This order reinforces Alstom’s position in the European rail market and highlights the company’s commitment to sustainable mobility.

The most recent analyst rating on (FR:ALO) stock is a Hold with a EUR20.00 price target. To see the full list of analyst forecasts on Alstom SA stock, see the FR:ALO Stock Forecast page.

Executive/Board Changes
Alstom Appoints Martin Sion as New CEO
Neutral
Oct 8, 2025

Alstom has announced the appointment of Martin Sion as its new Chief Executive Officer, effective April 1, 2026, succeeding Henri Poupart-Lafarge. This leadership transition is expected to ensure continuity and leverage Sion’s extensive experience in the aerospace and defense sectors to strengthen Alstom’s position in the global mobility market.

The most recent analyst rating on (FR:ALO) stock is a Buy with a EUR26.00 price target. To see the full list of analyst forecasts on Alstom SA stock, see the FR:ALO Stock Forecast page.

Business Operations and StrategyFinancial Disclosures
Alstom Reports Strong Orders and Sales Growth in H1 2025/26
Positive
Oct 7, 2025

Alstom’s H1 2025/26 results preview highlights significant orders and sales growth. The company reported €4.1 billion in Q1 orders and anticipates a book-to-bill ratio above 1 for FY 2025/26. Despite a negative forex and scope impact, organic sales grew by 7.2%. Alstom maintains its guidance for an adjusted EBIT margin of around 7% and expects free cash flow within the €200-400 million range, with pronounced seasonality affecting H1. The company’s strategic focus remains on sustainable growth and innovation in the transportation sector.

The most recent analyst rating on (FR:ALO) stock is a Buy with a EUR28.00 price target. To see the full list of analyst forecasts on Alstom SA stock, see the FR:ALO Stock Forecast page.

Business Operations and StrategyProduct-Related Announcements
Alstom Secures €475 Million European Rolling Stock Order
Positive
Sep 26, 2025

Alstom has secured a significant order worth approximately €475 million from an undisclosed European customer for the supply of rolling stock. This contract, to be recorded in the second quarter of the fiscal year 2025/26, reinforces Alstom’s position in the European market and underscores its commitment to providing sustainable transportation solutions. The order is expected to enhance Alstom’s operational capabilities and market presence, benefiting stakeholders by contributing to a low-carbon future.

The most recent analyst rating on (FR:ALO) stock is a Buy with a EUR24.50 price target. To see the full list of analyst forecasts on Alstom SA stock, see the FR:ALO Stock Forecast page.

Business Operations and StrategyProduct-Related Announcements
Alstom Secures Major Order from NJ TRANSIT to Modernize Fleet
Positive
Sep 9, 2025

Alstom announced that NJ TRANSIT has ordered an additional 200 Multilevel III commuter rail cars and 12 ALP 45 dual-power locomotives, valued at approximately 1.0 billion euros. This purchase is part of NJ TRANSIT’s efforts to modernize its fleet, replacing older models with more efficient and environmentally friendly options. The new Multilevel III cars will enhance capacity, reliability, and passenger comfort, while the ALP 45 locomotives will provide cleaner, dual-power capabilities. This order strengthens Alstom’s position in the U.S. market and highlights its commitment to sustainable and innovative rail solutions.

The most recent analyst rating on (FR:ALO) stock is a Hold with a EUR25.00 price target. To see the full list of analyst forecasts on Alstom SA stock, see the FR:ALO Stock Forecast page.

Business Operations and StrategyProduct-Related Announcements
Alstom Wins €538 Million Contract for Battery Trains in New Zealand
Positive
Sep 8, 2025

Alstom has secured a €538 million contract with the Greater Wellington Regional Council in New Zealand to supply 18 battery-electric multiple unit trains and provide 35 years of maintenance. This initiative marks the introduction of battery-electric commuter trains in New Zealand, replacing the existing diesel fleet and enabling zero direct carbon emissions. The project includes the construction of a maintenance facility in Masterton, utilizing advanced technologies for fleet maintenance. This contract signifies Alstom’s commitment to sustainable mobility and expands its presence in the Asia-Pacific region, offering a greener transport option for Wellington.

The most recent analyst rating on (FR:ALO) stock is a Hold with a EUR25.00 price target. To see the full list of analyst forecasts on Alstom SA stock, see the FR:ALO Stock Forecast page.

Business Operations and StrategyProduct-Related Announcements
Alstom to Enhance Mumbai Metro Line 4 with Advanced Trains and Signalling
Positive
Aug 26, 2025

Alstom has been commissioned by Larsen & Toubro Limited to supply 234 Metropolis metro cars and a CBTC signalling system for Mumbai Metro Line 4, along with five years of maintenance services. This project, valued at several hundred million euros, will enhance Mumbai’s metro infrastructure, reduce traffic congestion, and lower CO2 emissions. The trains will be manufactured in India under the ‘Make in India’ initiative, and the project is expected to significantly contribute to the city’s public transportation network, offering improved connectivity and service reliability.

The most recent analyst rating on (FR:ALO) stock is a Hold with a EUR25.00 price target. To see the full list of analyst forecasts on Alstom SA stock, see the FR:ALO Stock Forecast page.

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.Date of analysis: Nov 15, 2025