Altri, SGPS, S.A. (ALTR.LS)

Altri, SGPS, S.A. (ALTR.LS) — VMCI valuation read

Altri, SGPS, S.A. sits at VMCI 47/100, with the Basic Materials sector median at 50. That 3-point spread is the first thing to note on ALTR.LS: it tells the reader the composite is unfavorable before any single ratio is examined, and the mid-cap tier sets the comparison set.

Form 4 disclosures on ALTR.LS are blank for the trailing 30 days. With the insider channel offline, the EV/EBITDA delta, free-cash-flow trajectory, and the next earnings print do the talking.

**Investor frame.** The Value read on ALTR.LS: ALTR.LS trades at 24.0x earnings, 33% above the Basic Materials median of 18.0x, with EV/EBITDA at 13.0x against 12.0x. The Quality read: ROIC of 16.0% sits 6.0pp above the Basic Materials median (10.0%). The Risk read: net debt to EBITDA of 0.7x leaves covenant headroom, anchoring the bear scenario on a measurable balance-sheet metric.

ALTR.LS rose 2.7% over the trailing 7 days, with a -13.7% read on a 30-day basis.