Altair Engineering Stock Return On Equity

ALTR Stock

USD 105.61 0.19 0.18%

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
	Return On Equity	(0.01)	(0.01)

As of 12/02/2024, Return On Equity is likely to drop to -0.01.

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Altair Engineering Company Return On Equity Analysis

Altair Engineering's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.

Return On Equity

Net Income

Total Equity

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Current Altair Engineering Return On Equity

0.0447

Most of Altair Engineering's fundamental indicators, such as Return On Equity, 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 Return On Equity 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 Return On Equity. 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.

	Total Assets	Total Stockholder Equity	Net Tangible Assets	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Long Term Debt	Net Receivables	Good Will	Long Term Debt Total	Capital Surpluse	Total Liab	Short Long Term Debt	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Property Plant Equipment	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.94	0.81	0.29	-0.76	-0.49	0.77	0.91	0.97	0.99	0.9	0.98	0.95	0.76	0.99	0.63	0.94	0.05	0.71	0.99	0.88	-0.89
Total Stockholder Equity	0.94		0.82	0.24	-0.85	-0.57	0.76	0.79	0.92	0.94	0.92	0.93	0.85	0.74	0.92	0.58	0.92	0.11	0.72	0.96	0.94	-0.9
Net Tangible Assets	0.81	0.82		-0.08	-0.82	-0.39	0.55	0.74	0.7	0.81	0.66	0.86	0.65	0.71	0.8	0.72	0.89	0.45	0.9	0.81	0.63	-0.59
Current Deferred Revenue	0.29	0.24	-0.08		-0.31	-0.71	-0.05	0.18	0.42	0.23	0.35	0.25	0.43	0.28	0.36	0.14	0.05	-0.32	-0.04	0.25	0.31	-0.46
Net Debt	-0.76	-0.85	-0.82	-0.31		0.64	-0.34	-0.58	-0.72	-0.73	-0.74	-0.79	-0.64	-0.8	-0.79	-0.78	-0.72	-0.25	-0.78	-0.76	-0.68	0.68
Retained Earnings	-0.49	-0.57	-0.39	-0.71	0.64		-0.24	-0.24	-0.59	-0.49	-0.44	-0.55	-0.44	-0.37	-0.5	-0.2	-0.45	-0.26	-0.28	-0.48	-0.54	0.57
Accounts Payable	0.77	0.76	0.55	-0.05	-0.34	-0.24		0.68	0.79	0.83	0.69	0.76	0.71	0.32	0.71	0.12	0.82	0.08	0.4	0.81	0.83	-0.71
Long Term Debt	0.91	0.79	0.74	0.18	-0.58	-0.24	0.68		0.82	0.87	0.87	0.84	0.94	0.8	0.9	0.67	0.84	-0.15	0.72	0.89	0.74	-0.8
Net Receivables	0.97	0.92	0.7	0.42	-0.72	-0.59	0.79	0.82		0.98	0.87	0.96	0.93	0.67	0.96	0.49	0.9	0.03	0.59	0.97	0.9	-0.91
Good Will	0.99	0.94	0.81	0.23	-0.73	-0.49	0.83	0.87	0.98		0.86	0.99	0.92	0.71	0.96	0.56	0.97	0.11	0.67	0.99	0.88	-0.87
Long Term Debt Total	0.9	0.92	0.66	0.35	-0.74	-0.44	0.69	0.87	0.87	0.86		0.82	0.93	0.81	0.9	0.62	0.79	-0.23	0.66	0.92	0.92	-0.94
Capital Surpluse	0.98	0.93	0.86	0.25	-0.79	-0.55	0.76	0.84	0.96	0.99	0.82		0.89	0.71	0.97	0.6	0.96	0.21	0.72	0.97	0.84	-0.83
Total Liab	0.95	0.85	0.65	0.43	-0.64	-0.44	0.71	0.94	0.93	0.92	0.93	0.89		0.76	0.96	0.6	0.82	-0.21	0.62	0.94	0.85	-0.91
Short Long Term Debt	0.76	0.74	0.71	0.28	-0.8	-0.37	0.32	0.8	0.67	0.71	0.81	0.71	0.76		0.78	0.91	0.67	-0.21	0.67	0.74	0.57	-0.75
Total Current Assets	0.99	0.92	0.8	0.36	-0.79	-0.5	0.71	0.9	0.96	0.96	0.9	0.97	0.96	0.78		0.68	0.9	0.02	0.73	0.98	0.86	-0.88
Short Term Debt	0.63	0.58	0.72	0.14	-0.78	-0.2	0.12	0.67	0.49	0.56	0.62	0.6	0.6	0.91	0.68		0.54	-0.09	0.69	0.6	0.36	-0.53
Intangible Assets	0.94	0.92	0.89	0.05	-0.72	-0.45	0.82	0.84	0.9	0.97	0.79	0.96	0.82	0.67	0.9	0.54		0.27	0.72	0.94	0.82	-0.8
Common Stock	0.05	0.11	0.45	-0.32	-0.25	-0.26	0.08	-0.15	0.03	0.11	-0.23	0.21	-0.21	-0.21	0.02	-0.09	0.27		0.37	0.04	-0.01	0.25
Property Plant Equipment	0.71	0.72	0.9	-0.04	-0.78	-0.28	0.4	0.72	0.59	0.67	0.66	0.72	0.62	0.67	0.73	0.69	0.72	0.37		0.71	0.59	-0.46
Net Invested Capital	0.99	0.96	0.81	0.25	-0.76	-0.48	0.81	0.89	0.97	0.99	0.92	0.97	0.94	0.74	0.98	0.6	0.94	0.04	0.71		0.92	-0.9
Net Working Capital	0.88	0.94	0.63	0.31	-0.68	-0.54	0.83	0.74	0.9	0.88	0.92	0.84	0.85	0.57	0.86	0.36	0.82	-0.01	0.59	0.92		-0.9
Capital Stock	-0.89	-0.9	-0.59	-0.46	0.68	0.57	-0.71	-0.8	-0.91	-0.87	-0.94	-0.83	-0.91	-0.75	-0.88	-0.53	-0.8	0.25	-0.46	-0.9	-0.9

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For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.

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Predict Altair Engineering

Return On Equity Over Time

Altair Total Stockholder Equity

Total Stockholder Equity

746.9 Million

At this time, Altair Engineering's Total Stockholder Equity is relatively stable compared to the past year.

Based on the latest financial disclosure, Altair Engineering has a Return On Equity of 0.0447. This is 100.37% lower than that of the Software sector and significantly higher than that of the Information Technology industry. The return on equity for all United States stocks is 114.42% lower than that of the firm.

Altair Return On Equity 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 Return On Equity 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 return on equity category among its peers.

Altair Engineering ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Altair Engineering's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Altair Engineering's managers, analysts, and investors.

Environmental

Governance

Social

Altair Fundamentals

	Return On Equity	0.0447
	Return On Asset	0.0146
	Profit Margin	0.05 %
	Operating Margin	(0.03) %
	Current Valuation	8.74 B
	Shares Outstanding	59.78 M
	Shares Owned By Insiders	2.30 %
	Shares Owned By Institutions	97.70 %
	Number Of Shares Shorted	3.15 M
	Price To Earning	29.59 X
	Price To Book	10.75 X
	Price To Sales	13.93 X
	Revenue	612.7 M
	Gross Profit	449.33 M
	EBITDA	57.86 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	9.85 X
	Cash Flow From Operations	127.31 M
	Short Ratio	2.06 X
	Earnings Per Share	0.40 X
	Price To Earnings To Growth	6.29 X
	Target Price	105.98
	Number Of Employees	3.4 K
	Beta	1.44
	Market Capitalization	8.98 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

0.86

SentinelOne

Pair Corr

Moving against Altair Stock

0.7	VRAR	Glimpse Group	Pair Corr
0.62	VRNT	Verint Systems Earnings Call This Week	Pair Corr
0.59	VHAI	VHAI	Pair Corr
0.55	FAAS	DigiAsia Corp Symbol Change	Pair Corr
0.38	MQ	Marqeta Potential Growth	Pair Corr

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.

Pair Correlation Correlation Matching

Additional 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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