ALTEN SA (FR:ATE)
:ATE
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ALTEN SA
(ATE)
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Rating:57Neutral
Price Target:
€55.00
▼(-7.80% Downside)
Action:DowngradedDate:02/26/26
The score is primarily held back by sharp 2025 financial deterioration (revenue decline and margin compression) and bearish technicals (price below key moving averages with negative momentum). Low leverage and decent cash conversion provide partial support, while valuation and dividend yield are only moderately supportive.
Positive Factors
Conservative balance sheet
Modest leverage and steady equity growth provide balance-sheet resilience. Low debt-to-equity (~0.17–0.23) reduces refinancing and solvency risk, enabling ALTEN to absorb project cyclicality, fund working capital and pursue selective investments without stressing liquidity over the medium term.
Negative Factors
2025 revenue and margin deterioration
A sharp 2025 revenue decline and net margin compression to ~2.6% indicate structural pressure on pricing, mix or cost control. This erosion reduces operating leverage and free cash generation, undermining the company's ability to rebuild profitability without material changes to pricing, client mix or cost structure.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Modest leverage and steady equity growth provide balance-sheet resilience. Low debt-to-equity (~0.17–0.23) reduces refinancing and solvency risk, enabling ALTEN to absorb project cyclicality, fund working capital and pursue selective investments without stressing liquidity over the medium term.
Read all positive factors
ALTEN SA (ATE) vs. iShares MSCI France ETF (EWQ)
Market Cap
€1.95B
Dividend Yield2.08%
Average Volume (3M)61.91K
Price to Earnings (P/E)23.9
Beta (1Y)1.16
Revenue Growth-0.23%
EPS Growth-37.70%
CountryFR
Employees56,373
SectorGeneral
Sector StrengthN/A
IndustryInformation Technology Services
Share Statistics
EPS (TTM)0.69
Shares Outstanding35,448,826
10 Day Avg. Volume67,115
30 Day Avg. Volume61,908
Financial Highlights & Ratios
PEG Ratio-0.55
Price to Book (P/B)1.15
Price to Sales (P/S)0.62
P/FCF Ratio8.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€119.50Price Target Upside100.34% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)7.2
Revenue Forecast (FY)€4.20B
ALTEN SA Business Overview & Revenue Model
Company Description
Alten S.A. operates as an engineering and technology consultancy company in France, North America, Germany, Scandinavia, Benelux, Spain, Italy, the United Kingdom, the Asia-Pacific, Switzerland, Eastern Europe, and internationally. The company und...
How the Company Makes Money
ALTEN primarily makes money by selling engineering and IT consulting services to corporate clients, generating revenue from billable work performed by its consultants and project teams. Its core revenue stream comes from time-and-materials assignm...
ALTEN SA Financial Statement Overview
Summary
Income Statement
57
Neutral
Balance Sheet
72
Positive
Cash Flow
66
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.10B | 4.14B | 4.07B | 3.78B | 2.93B |
| Gross Profit | 341.82M | 768.17M | 714.42M | 582.68M | 451.55M |
| EBITDA | 416.99M | 450.74M | 430.04M | 682.25M | 363.17M |
| Net Income | 106.92M | 186.42M | 233.21M | 457.57M | 207.84M |
Balance Sheet | |||||
| Total Assets | 3.64B | 3.64B | 3.41B | 3.37B | 2.63B |
| Cash, Cash Equivalents and Short-Term Investments | 348.29M | 288.10M | 323.40M | 601.74M | 312.31M |
| Total Debt | 449.44M | 370.88M | 367.97M | 422.20M | 275.21M |
| Total Liabilities | 1.41B | 1.43B | 1.37B | 1.53B | 1.21B |
| Stockholders Equity | 2.22B | 2.21B | 2.04B | 1.84B | 1.42B |
Cash Flow | |||||
| Free Cash Flow | 320.24M | 415.60M | 220.19M | 210.27M | 212.09M |
| Operating Cash Flow | 332.01M | 430.40M | 241.12M | 236.39M | 228.68M |
| Investing Cash Flow | -105.47M | -326.06M | -320.25M | 58.17M | -117.62M |
| Financing Cash Flow | -157.98M | -141.40M | -192.66M | -4.48M | -88.82M |
ALTEN SA Technical Analysis
Neutral
59.65
Price Trends
58.44
Positive
65.42
Negative
67.55
Negative
Market Momentum
-0.57
Negative
63.42
Neutral
92.22
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:ATE, the sentiment is Neutral. The current price of 59.65 is above the 20-day moving average (MA) of 53.70, above the 50-day MA of 58.44, and below the 200-day MA of 67.55, indicating a neutral trend. The MACD of -0.57 indicates Negative momentum. The RSI at 63.42 is Neutral, neither overbought nor oversold. The STOCH value of 92.22 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for FR:ATE.
ALTEN SA Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | €1.19B | 9.75 | 12.87% | 0.84% | 7.00% | 20.56% | |
72 Outperform | €895.30M | 20.10 | 14.08% | 3.07% | 7.39% | 4.58% | |
67 Neutral | €2.55B | 10.15 | 14.39% | 3.03% | -4.12% | 43.37% | |
64 Neutral | €18.02B | 15.05 | 10.95% | 2.35% | -0.76% | -6.99% | |
57 Neutral | €1.95B | 23.95 | 6.98% | 2.08% | -0.23% | -37.70% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
41 Neutral | €699.94M | -0.36 | 319.82% | ― | -14.60% | ― |
* General Sector Average
FR:ATE
ALTEN SA
59.65
-18.52
-23.69%
FR:ATO
Atos SE
38.02
3.42
9.88%
FR:CAP
Capgemini SE
110.60
-13.44
-10.84%
FR:NRO
Neurones
38.15
-6.38
-14.33%
FR:SOP
Sopra Steria
130.20
-37.91
-22.55%
FR:WAVE
Wavestone
50.30
5.82
13.07%
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.