Altair Engineering Stock Profit Margin
| ALTR Stock | USD 83.45 0.33 0.39% |
Altair Engineering fundamentals help investors to digest information that contributes to Altair Engineering's financial success or failures. It also enables traders to predict the movement of Altair Stock. The fundamental analysis module provides a way to measure Altair Engineering's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Altair Engineering stock.
| Last Reported | Projected for Next Year | ||
| Net Loss | (0.01) | (0.02) |
Altair | Profit Margin |
Altair Engineering Company Profit Margin Analysis
Altair Engineering's Profit Margin measures overall efficiency of a company and shows its ability to withstand competition as well as defend against adverse conditions such as rising costs, falling prices, decline in sales or management distress. Profit margin tells investors how well the company executes on its overall pricing strategies as well as how effective the company in controlling its costs.
Current Altair Engineering Profit Margin | (0.01) % |
Most of Altair Engineering's fundamental indicators, such as Profit Margin, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Altair Engineering is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Altair Profit Margin Driver Correlations
Understanding the fundamental principles of building solid financial models for Altair Engineering is extremely important. It helps to project a fair market value of Altair Stock properly, considering its historical fundamentals such as Profit Margin. Since Altair Engineering's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Altair Engineering's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Altair Engineering's interrelated accounts and indicators.
In a nutshell, Profit Margin indicator shows the amount of money the company makes from total sales or revenue. It can provide a good insight into companies in the same sector, as well as help to identify trends of a company from year to year.
| Competition |
Altair Pretax Profit Margin
Pretax Profit Margin |
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Based on the latest financial disclosure, Altair Engineering has a Profit Margin of -0.0146%. This is 98.88% lower than that of the Software sector and significantly lower than that of the Information Technology industry. The profit margin for all United States stocks is 98.85% lower than that of the firm.
Altair Profit Margin Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Altair Engineering's direct or indirect competition against its Profit Margin to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Altair Engineering could also be used in its relative valuation, which is a method of valuing Altair Engineering by comparing valuation metrics of similar companies.Altair Engineering is currently under evaluation in profit margin category among related companies.
Altair Fundamentals
| Return On Equity | -0.0139 | ||||
| Return On Asset | 0.0029 | ||||
| Profit Margin | (0.01) % | ||||
| Operating Margin | 0.14 % | ||||
| Current Valuation | 6.78 B | ||||
| Shares Outstanding | 56.95 M | ||||
| Shares Owned By Insiders | 1.43 % | ||||
| Shares Owned By Institutions | 98.57 % | ||||
| Number Of Shares Shorted | 3.43 M | ||||
| Price To Earning | 29.59 X | ||||
| Price To Book | 9.59 X | ||||
| Price To Sales | 11.13 X | ||||
| Revenue | 612.7 M | ||||
| Gross Profit | 449.33 M | ||||
| EBITDA | 56.22 M | ||||
| Net Income | (8.93 M) | ||||
| Cash And Equivalents | 416.14 M | ||||
| Cash Per Share | 5.20 X | ||||
| Total Debt | 338.83 M | ||||
| Debt To Equity | 0.59 % | ||||
| Current Ratio | 2.96 X | ||||
| Book Value Per Share | 8.67 X | ||||
| Cash Flow From Operations | 127.31 M | ||||
| Short Ratio | 8.68 X | ||||
| Earnings Per Share | (0.11) X | ||||
| Price To Earnings To Growth | 5.22 X | ||||
| Target Price | 94.0 | ||||
| Number Of Employees | 3.4 K | ||||
| Beta | 1.42 | ||||
| Market Capitalization | 6.93 B | ||||
| Total Asset | 1.36 B | ||||
| Retained Earnings | (130.5 M) | ||||
| Working Capital | 376.51 M | ||||
| Current Asset | 3.29 B | ||||
| Current Liabilities | 575.31 M | ||||
| Net Asset | 1.36 B |
About Altair Engineering Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Altair Engineering's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Altair Engineering using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Altair Engineering based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Altair Engineering
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Altair Engineering position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Altair Engineering will appreciate offsetting losses from the drop in the long position's value.Moving together with Altair Stock
| 0.65 | S | SentinelOne Financial Report 6th of June 2024 | PairCorr |
Moving against Altair Stock
| 0.53 | SQ | Block Inc Earnings Call This Week | PairCorr |
| 0.49 | DTSS | Datasea | PairCorr |
| 0.43 | BOX | Box Inc Sell-off Trend | PairCorr |
| 0.43 | GCT | GigaCloud Technology Financial Report 22nd of May 2024 | PairCorr |
| 0.42 | NN | Nextnav Acquisition Corp Tech Boost | PairCorr |
The ability to find closely correlated positions to Altair Engineering could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Altair Engineering when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Altair Engineering - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Altair Engineering to buy it.
The correlation of Altair Engineering is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Altair Engineering moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Altair Engineering moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Altair Engineering can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Altair Engineering Piotroski F Score and Altair Engineering Altman Z Score analysis. To learn how to invest in Altair Stock, please use our How to Invest in Altair Engineering guide.You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Complementary Tools for Altair Stock analysis
When running Altair Engineering's price analysis, check to measure Altair Engineering's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Altair Engineering is operating at the current time. Most of Altair Engineering's value examination focuses on studying past and present price action to predict the probability of Altair Engineering's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Altair Engineering's price. Additionally, you may evaluate how the addition of Altair Engineering to your portfolios can decrease your overall portfolio volatility.
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Is Altair Engineering's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Altair Engineering. If investors know Altair will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Altair Engineering listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.633 | Earnings Share (0.11) | Revenue Per Share 7.602 | Quarterly Revenue Growth 0.069 | Return On Assets 0.0029 |
The market value of Altair Engineering is measured differently than its book value, which is the value of Altair that is recorded on the company's balance sheet. Investors also form their own opinion of Altair Engineering's value that differs from its market value or its book value, called intrinsic value, which is Altair Engineering's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Altair Engineering's market value can be influenced by many factors that don't directly affect Altair Engineering's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Altair Engineering's value and its price as these two are different measures arrived at by different means. Investors typically determine if Altair Engineering is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Altair Engineering's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.