Financials Altamir

Equities

LTA

FR0000053837

Investment Management & Fund Operators

Market Closed - Euronext Paris Other stock markets 11:35:19 2024-04-26 am EDT			5-day change	1st Jan Change
25.8 ^EUR	+1.18%		0.00%	+8.40%

Mar. 15	Altamir: 2% increase in NAV per share by 2023	CF
Mar. 15	Altamir SCA Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	607.4	727.8	927	941.5	868.4	941.2	-
Enterprise Value (EV) ¹	690.8	732.7	764.1	852.9	868.4	1,332	1,386
P/E ratio	2.48 x	5.24 x	3.18 x	-34.9 x	30.9 x	35.3 x	32.7 x
Yield	4.98%	3.31%	4.45%	4.38%	-	5.04%	5.04%
Capitalization / Revenue	1.92 x	28.7 x	13.4 x	29 x	-	627 x	627 x
EV / Revenue	2.18 x	28.8 x	11 x	26.2 x	-	888 x	924 x
EV / EBITDA	2.95 x	4.87 x	2.68 x	-62.7 x	-	-69.4 x	-73.3 x
EV / FCF	2.27 x	-11.1 x	-17 x	-50.5 x	-	-251 x	-495 x
FCF Yield	44%	-9.03%	-5.89%	-1.98%	-	-0.4%	-0.2%
Price to Book	0.6 x	0.65 x	0.67 x	0.72 x	-	1.37 x	1.41 x
Nbr of stocks (in thousands)	36,483	36,482	36,494	36,491	36,488	36,481	-
Reference price ²	16.65	19.95	25.40	25.80	23.80	25.80	25.80
Announcement Date	3/11/20	3/11/21	4/20/22	3/8/23	3/15/24	-	-

¹EUR in Million²EUR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	316.4	25.4	69.42	32.5	-	1.5	1.5
EBITDA ¹	234.4	150.4	285	-13.6	-	-19.2	-18.9
EBIT ¹	234.4	150.4	285	-13.6	28.7	15.9	16.2
Operating Margin	74.08%	592.13%	410.45%	-41.85%	-	1,060%	1,080%
Earnings before Tax (EBT)	-	139.1	-	-	-	-	-
Net income ¹	245.1	139.1	291.9	-26.9	28.3	26.6	28.9
Net margin	77.46%	547.64%	420.53%	-82.77%	-	1,773.33%	1,926.67%
EPS ²	6.710	3.810	8.000	-0.7400	0.7700	0.7300	0.7900
Free Cash Flow ¹	303.7	-66.15	-44.99	-16.9	-	-5.3	-2.8
FCF margin	95.97%	-260.43%	-64.8%	-52.01%	-	-353.33%	-186.67%
FCF Conversion (EBITDA)	129.55%	-	-	-	-	-	-
FCF Conversion (Net income)	123.89%	-	-	-	-	-	-
Dividend per Share ²	0.8300	0.6600	1.130	1.130	-	1.300	1.300
Announcement Date	3/11/20	3/11/21	4/20/22	3/8/23	3/15/24	-	-

¹EUR in Million²EUR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2022 S1
Net sales	-
EBITDA	-
EBIT	-
Operating Margin	-
Earnings before Tax (EBT) ¹	8.265
Net income ¹	8.233
Net margin	-
EPS	-
Dividend per Share	-
Announcement Date	7/26/22

¹EUR in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net Debt ¹	83.3	4.91	-	-	-	391	445
Net Cash position ¹	-	-	163	88.6	-	-	-
Leverage (Debt/EBITDA)	0.3555 x	0.0326 x	-	-	-	-20.36 x	-23.54 x
Free Cash Flow ¹	304	-66.1	-45	-16.9	-	-5.3	-2.8
ROE (net income / shareholders' equity)	27.1%	13%	23.3%	-2%	-	3.8%	4.3%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-
Book Value Per Share ²	27.80	30.90	37.80	35.90	-	18.90	18.30
Cash Flow per Share	-	-	-	-	-	-	-
Capex	-	-	-	-	-	-	-
Capex / Sales	-	-	-	-	-	-	-
Announcement Date	3/11/20	3/11/21	4/20/22	3/8/23	3/15/24	-	-

¹EUR in Million²EUR

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Altamir

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

25.8 EUR

Average target price

25 EUR

Spread / Average Target

-3.10%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Investment Management

	1st Jan change	Capi.
ALTAMIR	+8.40%	1B
KKR & CO. INC.	+15.32%	84.55B
ARES MANAGEMENT CORPORATION	+12.36%	26.01B
LEGAL & GENERAL PLC	-6.65%	17.28B
THE CARLYLE GROUP INC.	+13.32%	16.57B
AMUNDI	+6.74%	14.28B
FRANKLIN RESOURCES, INC.	-16.11%	13.16B
HDFC ASSET MANAGEMENT COMPANY LIMITED	+16.00%	9.52B
BLUE OWL CAPITAL INC.	+26.11%	8.75B
LUMINE GROUP INC.	+27.22%	7.13B

Investment Management