ALTEN ATE.PA
FranceTechnology · Information Technology ServicesEuronext París · EUR
101.50 EUR (+29.1%)
6 analysts
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ALTEN is an engineering and technology consulting firm that provides R&D, IT, and technical solutions to clients in sectors such as automotive, aerospace, energy, and telecommunications, with a business model based on billing its consultants' hours.
Listed on Euronext París · Symbol ATE.PA · EPA: ATE · Currency EUR
Key points
from its scores- ✓Attractive valuation8.1
- ✕Unfavourable risk and backdrop4.7
- !Average business quality5.3
AI analysis
bottom line, main risk, context and newsValuation is reasonable and the balance sheet is solid, but low revenue growth and a limited operating margin warrant caution.
ALTEN shows solid financial health with net cash (ND/EBITDA of -0.08), an attractive valuation (P/E of 19.52, FCF yield of 12.28%) and strong earnings growth of 42.10%, although its revenue growth is moderate (1.20%) and its operating margin is low (7.97%).
The main risk is dependence on demand for engineering and IT services from cyclical sectors such as automotive and aerospace, which could reduce their R&D spending in an economic downturn.
Context and risks
ALTEN is an engineering and technology consulting firm based in France. Its IT services and consulting business has no direct exposure to commodities, interest rates, or shipping routes. The current macro context (rising rates, tariffs, Middle East tensions) does not materially and directly affect its core business.
Is ALTEN stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 51% below the Technology median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 19.5 | 31.3 | −38% |
| EV / EBITDA | 7.4 | 20.4 | −64% |
| Price / book | 1.2 | 6.3 | −80% |
| Price / sales | 0.7 | 5.3 | −88% |
Sector: median of the 283 Technology companies analysed. In bold, the multiples used for the comparison.
Valuation score: 8.1 out of 10 (median for Technology: 5.3).
Average analyst target: 101.50 EUR, +29.1% versus the price.
A discount may reflect more risk or slower growth than its sector: Financial health 6.8 (sector 6.9), Growth 6.7 (sector 7.5).
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Technology medianValuation
- P/E
- 19.5
- Forward P/E
- 9.1
- EV / EBITDA
- 7.4
- Price / book
- 1.2
- Price / sales
- 0.7
- PEG
- 1.43
- Market cap
- 2.7B EUR
- Enterprise value
- 2.6B EUR
Profitability
- ROE
- 6.2%
- ROA
- 5.6%
- ROIC (approx.)
- 13.4%
- Gross margin
- 18.3%
- Operating margin
- 8.0%
- Net margin
- 3.3%
- Free cash flow
- 329.6M EUR
- FCF yield
- 12.3%
- Cash conversion
- 93%
Solvency
- Total debt
- 273.1M EUR
- Net debt
- −27.1M EUR
- Cash
- 300.2M EUR
- EBITDA
- 354.3M EUR
- Net debt / EBITDA
- −0.08
- Debt / equity
- 12.19
- Current ratio
- 1.54
- Quick ratio
- 1.49
Growth
- Revenue growth
- +1.2%
- Earnings growth
- +42.1%
- EPS (TTM)
- 4.03 EUR
- EPS (forward)
- 8.61 EUR
Dividend
- Dividend yield
- 1.9%
- Payout
- 37.2%
Risk and market
- Beta
- 1.18
- Analyst consensus
- Buy (6)
- Target price
- 101.50 EUR
- 52-week range
- 50.90 – 84.00
Recent news
All ATE.PA news →Compare it with its sector
All 283 in Technology →Frequently asked questions about ALTEN
Is ALTEN stock cheap or expensive?
On P/E and EV / EBITDA, it trades 51% below the Technology median on average. Valuation score: 8.1 out of 10 (median for Technology: 5.3). Average analyst target: 101.50 EUR, +29.1% versus the price. This is not investment advice.
What score does ALTEN get on MeridIAn Screener?
It scores 6.4 out of 10, rank 604 of 2,130 (better than 68% of the companies analysed). Its strongest category is Valuation (8.1) and its weakest, Risk & Context (4.7). Analysis of 08/10/2026.
What is ALTEN's P/E ratio?
Its P/E is 19.5: the share price equals 19.5 times earnings per share over the last 12 months. The Technology median is 31.3. Based on the earnings analysts expect, the forward P/E is 9.1.
How much is ALTEN worth on the stock market?
Its market capitalisation is 2.7B EUR and its enterprise value, debt included, is 2.6B EUR.
How much debt does ALTEN have?
It has more cash than debt: net cash of 27.1M EUR.
Does ALTEN pay a dividend?
Yes: its dividend yield is 1.91% and it pays out 37% of its earnings.
How has ALTEN stock performed over the last year?
It has risen 17.0% over the last year, excluding dividends. Over the last 52 weeks it has traded between 50.90 and 84.00 EUR. Past performance does not guarantee future results.
What do analysts think of ALTEN?
6 analysts cover it; their average recommendation is “Buy” and their average target is 101.50 EUR (+29.1% versus the price). It is an estimate, not market data.