ALTAREA (FR:ALTA)
:ALTA
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ALTAREA
(ALTA)
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Rating:49Neutral
Price Target:
€103.00
▼(-12.86% Downside)
Action:Reiterated
Date:03/03/26
The score is held back primarily by weakening fundamentals (contracting revenue, thin/volatile profits) combined with elevated leverage and recently weaker free cash flow. Technicals are a relative bright spot with a positive uptrend and momentum, but valuation risk is high due to the extremely elevated P/E despite an attractive dividend yield.
Positive Factors
Diversified development model
ALTAREA’s mix of residential and commercial development plus fee and retained-asset income creates multiple durable revenue levers. This diversification helps smooth cycles: when sales slow, service fees or retained rental income can partially offset downturns and preserve project pipeline optionality.
Negative Factors
Declining revenue and thin net profits
Sustained top-line erosion reduces operating leverage benefits and limits the firm’s ability to cover fixed costs and development overhead. Thin sub-1% net margins leave limited buffer for shocks, making earnings fragile and constraining retained earnings for reinvestment over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified development model
ALTAREA’s mix of residential and commercial development plus fee and retained-asset income creates multiple durable revenue levers. This diversification helps smooth cycles: when sales slow, service fees or retained rental income can partially offset downturns and preserve project pipeline optionality.
Read all positive factors
ALTAREA (ALTA) vs. iShares MSCI France ETF (EWQ)
Market Cap
€2.51B
Dividend Yield7.34%
Average Volume (3M)13.46K
Price to Earnings (P/E)―
Beta (1Y)0.93
Revenue Growth-24.32%
EPS Growth10.55%
CountryFR
Employees2,129
SectorGeneral
Sector StrengthN/A
IndustryReal Estate - Development
Share Statistics
EPS (TTM)0.37
Shares Outstanding23,371,012
10 Day Avg. Volume7,912
30 Day Avg. Volume13,455
Financial Highlights & Ratios
PEG Ratio10.73
Price to Book (P/B)1.52
Price to Sales (P/S)1.19
P/FCF Ratio-65.26
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€107.00Price Target Upside-9.48% Downside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)7.38
Revenue Forecast (FY)€2.68B
ALTAREA Business Overview & Revenue Model
Company Description
Altarea is the leading real estate developer from France. Both a developer and an investor, the Group is present in the three main real estate markets (Retail, Housing and Business real estate), enabling it to be the leader in major mixed urban re...
How the Company Makes Money
ALTAREA makes money primarily through real estate development activities. Key revenue streams typically include (1) revenue from the sale of developed properties (e.g., residential units sold to individual buyers or investors and commercial assets...
ALTAREA Financial Statement Overview
Summary
Income Statement
47
Neutral
Balance Sheet
42
Neutral
Cash Flow
51
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.08B | 2.71B | 2.71B | 3.03B | 2.81B |
| Gross Profit | 497.00M | 590.40M | 465.90M | 352.00M | 351.80M |
| EBITDA | 177.30M | 218.50M | -98.70M | 397.70M | 337.20M |
| Net Income | 8.40M | 6.10M | -472.90M | 74.40M | 72.20M |
Balance Sheet | |||||
| Total Assets | 7.96B | 8.40B | 8.34B | 4.28B | 4.48B |
| Cash, Cash Equivalents and Short-Term Investments | 383.50M | 804.10M | 713.10M | 952.30M | 1.63B |
| Total Debt | 2.58B | 2.74B | 2.68B | 1.31B | 1.69B |
| Total Liabilities | 4.88B | 5.24B | 5.12B | 3.13B | 3.40B |
| Stockholders Equity | 1.64B | 1.69B | 1.75B | 1.10B | 2.24B |
Cash Flow | |||||
| Free Cash Flow | -38.10M | 400.40M | 320.20M | -22.40M | 33.70M |
| Operating Cash Flow | 66.40M | 432.30M | 330.50M | -20.60M | 43.60M |
| Investing Cash Flow | -186.30M | -20.70M | 63.60M | -43.10M | -19.50M |
| Financing Cash Flow | -277.80M | -301.50M | -438.80M | -504.60M | 137.80M |
ALTAREA Technical Analysis
Negative
118.20
Price Trends
112.80
Negative
114.76
Negative
109.08
Negative
Market Momentum
-2.03
Negative
45.31
Neutral
73.54
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:ALTA, the sentiment is Negative. The current price of 118.2 is above the 20-day moving average (MA) of 108.98, above the 50-day MA of 112.80, and above the 200-day MA of 109.08, indicating a bearish trend. The MACD of -2.03 indicates Negative momentum. The RSI at 45.31 is Neutral, neither overbought nor oversold. The STOCH value of 73.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FR:ALTA.
ALTAREA Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | €1.57B | 3.87 | 10.42% | 5.16% | 5.27% | -3.32% | |
65 Neutral | €140.78M | 7.44 | 6.91% | 6.63% | -18.85% | 19.87% | |
58 Neutral | €1.14B | 2.07 | ― | 3.96% | 7.76% | 18.23% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
49 Neutral | €2.51B | -453.64 | -0.71% | 7.34% | -24.32% | 10.55% |
* General Sector Average
FR:ALTA
ALTAREA
109.40
14.50
15.27%
FR:ARG
ARGAN SA
61.50
2.25
3.79%
FR:CBOT
CBO TERRITORIA
4.04
0.50
14.12%
FR:CFI
Compagnie Fonciere Internationale
1.16
0.29
33.33%
FR:CDA
Compagnie des Alpes
22.25
4.96
28.71%
FR:ALDV
Alliance Developpement Capital SIIC
0.06
-0.03
-31.03%
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.