Altair Engineering Inc. (ALTR)
ValueMarkers Composite Index
1478% above intrinsic value ($7)
Altair Engineering Inc. (ALTR) — VMCI valuation read
The headline on Altair Engineering Inc. (ALTR) is a 49/100 VMCI score, set against a Technology sector median of 50. That 1-point below-median read reflects the five-pillar weighting and, for a mid-cap name, suggests a relative-value drag is in the data.
ALTR insider activity report: 0 buys, 0 sells filed via Form 4 over the past 30 days. The next datable items are the 10-Q schedule and any 8-K-triggering events; both feed the VMCI Integrity pillar more than the price tape.
**Investor frame.** ALTR trades at 27.0x earnings, 50% above the Technology median of 18.0x sets the value side. ROIC of 15.0% sits 5.0pp above the Technology median (10.0%) sets the quality side. Net debt to EBITDA of 1.3x leaves covenant headroom sets the risk side, the three lines a value buyer reads first on ALTR.
ALTR rose 1.6% over the trailing 7 days, with a -20.4% read on a 30-day basis.
Altair Engineering Inc., together with its subsidiaries, provides software and cloud solutions in the areas of simulation, high-performance computing, data analytics, and artificial intelligence worldwide. The company operates in two segments, Software and Client Engineering Services. The Software segment includes solvers and optimization technology products, high-performance computing software applications and hardware products, modeling and visualization tools, data analytics and analysis products, and Internet of Things platform and analytics tools, as well as support and the complementary software products. This segment also offers software technologies in the areas of computational fluid dynamics and fatigue, manufacturing process simulation, and cost estimation for the applications in marine, motorcycle, aerospace, chemical, and architecture industries; and software-related services, such as consulting, implementation, and training services that focuses on the product design and development expertise and analysis from the component level up to complete product engineering at various stage of the lifecycle. The Client Engineering Services segment provides client engineering services. In addition, the company is involved in the development and sale of solid state lighting technology along with communication and control protocols based on its intellectual property for the direct replacement of fluorescent light tubes with LED lamps. Its integrated suite of software optimizes design performance across various disciplines, including structures, motion, fluids, thermal management, electromagnetics, system modeling, and embedded systems. The company's customers include universities, government agencies, manufacturers, pharmaceutical firms, banking, financial services, and insurance, weather prediction agencies, and electronics design companies. Altair Engineering Inc. was incorporated in 1985 and is headquartered in Troy, Michigan.
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