Altair Historical Financial Ratios

ALTR Stock

USD 105.61 0.19 0.18%

Altair Engineering is presently reporting on over 111 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as Dividend Yield of 0.0, PTB Ratio of 10.01 or Days Sales Outstanding of 77.51 will help investors to properly organize and evaluate Altair Engineering financial condition quickly.

Quick Ratio Current Ratio

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Altair Engineering. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

To learn how to invest in Altair Stock, please use our How to Invest in Altair Engineering guide.

About Altair Financial Ratios Analysis

Altair EngineeringFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Altair Engineering investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Altair financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Altair Engineering history.

Altair Engineering Financial Ratios Chart

At this time, Altair Engineering's EV To Sales is relatively stable compared to the past year. As of 11/29/2024, Free Cash Flow Per Share is likely to grow to 1.53, while Capex To Depreciation is likely to drop 0.25.

Days Sales Outstanding Free Cash Flow Yield Pocfratio Pe Ratio Price To Operating Cash Flows Ratio

Add Fundamental

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Most ratios from Altair Engineering's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Altair Engineering current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Altair Engineering. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

To learn how to invest in Altair Stock, please use our How to Invest in Altair Engineering guide.At this time, Altair Engineering's EV To Sales is relatively stable compared to the past year. As of 11/29/2024, Free Cash Flow Per Share is likely to grow to 1.53, while Capex To Depreciation is likely to drop 0.25.

	2021	2022	2023	2024 (projected)
PFCF Ratio	110.24	120.77	57.91	55.02
Capex To Operating Cash Flow	0.13	0.24	0.0801	0.0761

Pfcf Ratio Capex To Operating Cash Flow

Altair Engineering fundamentals Correlations

	Price To Sales Ratio	Ptb Ratio	Days Sales Outstanding	Book Value Per Share	Free Cash Flow Yield	Operating Cash Flow Per Share	Capex To Depreciation	Pb Ratio	Ev To Sales	Free Cash Flow Per Share	Roic	Inventory Turnover	Net Income Per Share	Days Of Inventory On Hand	Payables Turnover	Average Inventory	Capex To Revenue	Cash Per Share	Pocfratio	Interest Coverage	Capex To Operating Cash Flow	Pfcf Ratio	Days Payables Outstanding	Income Quality	Roe	Ev To Operating Cash Flow
Price To Sales Ratio		0.71	0.18	0.94	0.63	0.87	-0.84	0.71	1.0	0.87	-0.04	0.32	-0.12	-0.89	-0.11	-0.81	-0.23	0.96	0.06	-0.1	-0.93	-0.59	0.08	-0.9	0.41	-0.06
Ptb Ratio	0.71		0.3	0.81	0.34	0.54	-0.55	1.0	0.69	0.53	-0.64	0.18	-0.66	-0.63	-0.02	-0.51	0.14	0.7	0.1	0.04	-0.61	-0.3	0.09	-0.57	-0.09	-0.06
Days Sales Outstanding	0.18	0.3		0.25	0.01	0.12	-0.21	0.3	0.17	0.12	-0.31	0.06	-0.41	-0.4	-0.27	-0.37	-0.2	0.23	0.04	-0.21	-0.14	0.0	0.45	-0.13	-0.18	-0.02
Book Value Per Share	0.94	0.81	0.25		0.64	0.82	-0.84	0.81	0.93	0.82	-0.15	0.34	-0.23	-0.88	-0.23	-0.84	-0.14	0.96	-0.01	-0.01	-0.94	-0.65	0.24	-0.83	0.39	-0.15
Free Cash Flow Yield	0.63	0.34	0.01	0.64		0.88	-0.36	0.34	0.63	0.87	0.04	0.73	0.12	-0.56	-0.04	-0.61	0.25	0.61	-0.69	0.26	-0.74	-0.96	-0.01	-0.69	0.4	-0.75
Operating Cash Flow Per Share	0.87	0.54	0.12	0.82	0.88		-0.66	0.54	0.87	1.0	-0.07	0.49	-0.07	-0.74	-0.04	-0.8	-0.01	0.86	-0.37	-0.06	-0.85	-0.78	-0.02	-0.94	0.33	-0.46
Capex To Depreciation	-0.84	-0.55	-0.21	-0.84	-0.36	-0.66		-0.55	-0.84	-0.69	-0.15	0.08	-0.03	0.76	0.52	0.78	0.61	-0.87	-0.32	0.16	0.84	0.36	-0.47	0.76	-0.57	-0.24
Pb Ratio	0.71	1.0	0.3	0.81	0.34	0.54	-0.55		0.69	0.53	-0.64	0.18	-0.66	-0.63	-0.02	-0.51	0.14	0.7	0.1	0.04	-0.61	-0.3	0.09	-0.57	-0.09	-0.06
Ev To Sales	1.0	0.69	0.17	0.93	0.63	0.87	-0.84	0.69		0.87	-0.02	0.31	-0.1	-0.9	-0.13	-0.81	-0.24	0.96	0.07	-0.1	-0.93	-0.59	0.09	-0.9	0.43	-0.05
Free Cash Flow Per Share	0.87	0.53	0.12	0.82	0.87	1.0	-0.69	0.53	0.87		-0.03	0.46	-0.04	-0.74	-0.07	-0.81	-0.06	0.86	-0.35	-0.06	-0.86	-0.77	0.01	-0.95	0.36	-0.43
Roic	-0.04	-0.64	-0.31	-0.15	0.04	-0.07	-0.15	-0.64	-0.02	-0.03		-0.11	0.94	0.06	-0.34	-0.04	-0.58	-0.06	0.04	0.15	-0.15	-0.17	0.22	0.07	0.77	0.13
Inventory Turnover	0.32	0.18	0.06	0.34	0.73	0.49	0.08	0.18	0.31	0.46	-0.11		-0.03	-0.47	0.3	-0.28	0.63	0.32	-0.63	0.08	-0.4	-0.75	-0.25	-0.31	0.12	-0.68
Net Income Per Share	-0.12	-0.66	-0.41	-0.23	0.12	-0.07	-0.03	-0.66	-0.1	-0.04	0.94	-0.03		0.17	-0.39	0.15	-0.42	-0.18	-0.08	0.32	-0.1	-0.22	0.24	0.12	0.78	0.03
Days Of Inventory On Hand	-0.89	-0.63	-0.4	-0.88	-0.56	-0.74	0.76	-0.63	-0.9	-0.74	0.06	-0.47	0.17		0.16	0.83	0.16	-0.89	-0.09	0.18	0.86	0.56	-0.2	0.73	-0.38	0.03
Payables Turnover	-0.11	-0.02	-0.27	-0.23	-0.04	-0.04	0.52	-0.02	-0.13	-0.07	-0.34	0.3	-0.39	0.16		0.14	0.61	-0.14	-0.24	-0.28	0.32	0.1	-0.97	0.04	-0.62	-0.26
Average Inventory	-0.81	-0.51	-0.37	-0.84	-0.61	-0.8	0.78	-0.51	-0.81	-0.81	-0.04	-0.28	0.15	0.83	0.14		0.29	-0.88	0.13	0.22	0.81	0.61	-0.16	0.78	-0.33	0.22
Capex To Revenue	-0.23	0.14	-0.2	-0.14	0.25	-0.01	0.61	0.14	-0.24	-0.06	-0.58	0.63	-0.42	0.16	0.61	0.29		-0.23	-0.56	0.15	0.25	-0.21	-0.55	0.17	-0.52	-0.59
Cash Per Share	0.96	0.7	0.23	0.96	0.61	0.86	-0.87	0.7	0.96	0.86	-0.06	0.32	-0.18	-0.89	-0.14	-0.88	-0.23		0.03	-0.25	-0.91	-0.59	0.13	-0.91	0.39	-0.09
Pocfratio	0.06	0.1	0.04	-0.01	-0.69	-0.37	-0.32	0.1	0.07	-0.35	0.04	-0.63	-0.08	-0.09	-0.24	0.13	-0.56	0.03		-0.32	0.09	0.67	0.23	0.14	0.03	0.98
Interest Coverage	-0.1	0.04	-0.21	-0.01	0.26	-0.06	0.16	0.04	-0.1	-0.06	0.15	0.08	0.32	0.18	-0.28	0.22	0.15	-0.25	-0.32		-0.13	-0.33	0.26	0.29	0.31	-0.32
Capex To Operating Cash Flow	-0.93	-0.61	-0.14	-0.94	-0.74	-0.85	0.84	-0.61	-0.93	-0.86	-0.15	-0.4	-0.1	0.86	0.32	0.81	0.25	-0.91	0.09	-0.13		0.77	-0.28	0.81	-0.64	0.2
Pfcf Ratio	-0.59	-0.3	0.0	-0.65	-0.96	-0.78	0.36	-0.3	-0.59	-0.77	-0.17	-0.75	-0.22	0.56	0.1	0.61	-0.21	-0.59	0.67	-0.33	0.77		-0.07	0.59	-0.53	0.73
Days Payables Outstanding	0.08	0.09	0.45	0.24	-0.01	-0.02	-0.47	0.09	0.09	0.01	0.22	-0.25	0.24	-0.2	-0.97	-0.16	-0.55	0.13	0.23	0.26	-0.28	-0.07		0.02	0.51	0.24
Income Quality	-0.9	-0.57	-0.13	-0.83	-0.69	-0.94	0.76	-0.57	-0.9	-0.95	0.07	-0.31	0.12	0.73	0.04	0.78	0.17	-0.91	0.14	0.29	0.81	0.59	0.02		-0.29	0.23
Roe	0.41	-0.09	-0.18	0.39	0.4	0.33	-0.57	-0.09	0.43	0.36	0.77	0.12	0.78	-0.38	-0.62	-0.33	-0.52	0.39	0.03	0.31	-0.64	-0.53	0.51	-0.29		0.04
Ev To Operating Cash Flow	-0.06	-0.06	-0.02	-0.15	-0.75	-0.46	-0.24	-0.06	-0.05	-0.43	0.13	-0.68	0.03	0.03	-0.26	0.22	-0.59	-0.09	0.98	-0.32	0.2	0.73	0.24	0.23	0.04

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Altair Engineering Account Relationship Matchups

Altair Engineering fundamentals Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Price To Sales Ratio	5.15	5.6	9.07	11.07	6.32	11.62
Ptb Ratio	7.2	11.23	9.59	6.34	9.53	10.01
Days Sales Outstanding	83.5	96.79	94.35	110.08	113.46	77.51
Book Value Per Share	4.99	5.18	8.06	7.17	8.83	9.27
Free Cash Flow Yield	0.008275	0.005786	0.009071	0.00828	0.0173	0.0181
Operating Cash Flow Per Share	0.44	0.45	0.81	0.5	1.58	1.66
Stock Based Compensation To Revenue	0.14	0.008424	0.0186	0.0454	0.0837	0.15
Capex To Depreciation	0.47	0.35	0.32	0.27	0.26	0.25
Pb Ratio	7.2	11.23	9.59	6.34	9.53	10.01
Ev To Sales	5.57	9.09	10.72	6.36	10.86	11.4
Free Cash Flow Per Share	0.3	0.34	0.7	0.38	1.45	1.53
Roic	(0.0336)	(0.0995)	0.46	(0.0419)	(1.69E-4)	(1.77E-4)
Net Income Per Share	(1.89)	0.19	(0.11)	(0.14)	(0.12)	(0.55)
Payables Turnover	15.45	14.12	19.51	11.78	13.54	17.91
Research And Ddevelopement To Revenue	0.25	0.26	0.27	0.32	0.35	0.22
Capex To Revenue	0.0221	0.0175	0.0154	0.0169	0.0166	0.0231
Cash Per Share	3.12	3.29	5.43	3.98	5.8	6.09
Pocfratio	81.84	129.59	95.58	91.32	53.27	63.46
Interest Coverage	1.29	1.01	1.02	(5.45)	0.0397	0.0377
Capex To Operating Cash Flow	0.32	0.25	0.13	0.24	0.0801	0.0761
Pfcf Ratio	120.84	172.82	110.24	120.77	57.91	55.02
Days Payables Outstanding	23.63	25.86	18.71	30.99	26.96	18.66
Income Quality	(4.16)	(3.13)	(7.01)	(0.91)	(14.26)	(13.55)
Roe	(0.0211)	(0.0277)	(0.0143)	(0.0762)	(0.0125)	(0.0132)
Ev To Operating Cash Flow	81.36	129.97	92.59	91.93	52.26	63.77
Pe Ratio	(340.65)	(405.82)	(669.79)	(83.21)	(759.82)	(721.83)
Return On Tangible Assets	(0.017)	(0.0215)	(0.0127)	(0.067)	(0.0109)	(0.0114)
Ev To Free Cash Flow	120.13	173.33	106.79	121.57	56.81	53.97
Earnings Yield	(0.002936)	(0.002464)	(0.001493)	(0.012)	(0.001316)	(0.001382)
Net Debt To E B I T D A	(0.42)	0.33	(4.93)	2.05	(2.22)	(2.11)
Current Ratio	2.31	1.93	1.24	2.26	2.16	1.17
Tangible Book Value Per Share	0.79	0.53	1.9	0.16	2.11	2.21
Receivables Turnover	4.37	3.77	3.87	3.32	3.22	4.18
Graham Number	3.44	4.09	4.58	9.39	4.69	3.66
Shareholders Equity Per Share	4.99	5.18	8.06	7.17	8.83	9.27
Debt To Equity	0.52	0.6	0.33	0.54	0.43	0.45

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
0.63	VRNT	Verint Systems Earnings Call This Week	Pair Corr
0.56	VHAI	VHAI	Pair Corr
0.53	FAAS	DigiAsia Corp Symbol Change	Pair Corr
0.37	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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Price To Sales Ratio	Dividend Yield
Ptb Ratio	Days Sales Outstanding
Book Value Per Share	Free Cash Flow Yield
Invested Capital	Operating Cash Flow Per Share
Average Payables	Stock Based Compensation To Revenue
Capex To Depreciation	Pb Ratio
Ev To Sales	Free Cash Flow Per Share
Roic	Inventory Turnover
Net Income Per Share	Days Of Inventory On Hand
Payables Turnover	Sales General And Administrative To Revenue
Average Inventory	Research And Ddevelopement To Revenue
Capex To Revenue	Cash Per Share
Pocfratio	Interest Coverage
Payout Ratio	Capex To Operating Cash Flow
Pfcf Ratio	Days Payables Outstanding
Net Current Asset Value	Income Quality
Roe	Tangible Asset Value
Ev To Operating Cash Flow	Pe Ratio
Return On Tangible Assets	Ev To Free Cash Flow
Earnings Yield	Intangibles To Total Assets
Net Debt To E B I T D A	Current Ratio
Tangible Book Value Per Share	Receivables Turnover
Graham Number	Shareholders Equity Per Share
Debt To Equity	Capex Per Share
Graham Net Net	Average Receivables
Revenue Per Share	Interest Debt Per Share
Debt To Assets	Enterprise Value Over E B I T D A
Short Term Coverage Ratios	Price Earnings Ratio
Operating Cycle	Price Book Value Ratio
Price Earnings To Growth Ratio	Days Of Payables Outstanding
Dividend Payout Ratio	Price To Operating Cash Flows Ratio
Price To Free Cash Flows Ratio	Pretax Profit Margin
Ebt Per Ebit	Operating Profit Margin
Effective Tax Rate	Company Equity Multiplier
Long Term Debt To Capitalization	Total Debt To Capitalization
Return On Capital Employed	Debt Equity Ratio
Ebit Per Revenue	Quick Ratio
Dividend Paid And Capex Coverage Ratio	Net Income Per E B T
Cash Ratio	Cash Conversion Cycle
Operating Cash Flow Sales Ratio	Days Of Inventory Outstanding
Days Of Sales Outstanding	Free Cash Flow Operating Cash Flow Ratio
Cash Flow Coverage Ratios	Price To Book Ratio
Fixed Asset Turnover	Capital Expenditure Coverage Ratio
Price Cash Flow Ratio	Enterprise Value Multiple
Debt Ratio	Cash Flow To Debt Ratio
Price Sales Ratio	Return On Assets
Asset Turnover	Net Profit Margin
Gross Profit Margin	Price Fair Value
Return On Equity

Altair Historical Financial Ratios

About Altair Financial Ratios Analysis

Altair Engineering Financial Ratios Chart

Free Cash Flow Yield

Altair Engineering fundamentals Correlations

Altair Engineering Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Altair Engineering fundamentals Accounts

Pair Trading with Altair Engineering

Moving together with Altair Stock

Moving against Altair Stock

Additional Tools for Altair Stock Analysis

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Ev To Sales	+ 1.0	Price To Sales Ratio
Pb Ratio	+ 1.0	Ptb Ratio
Free Cash Flow Per Share	+ 1.0	Operating Cash Flow Per Share
Ev To Operating Cash Flow	+ 0.98	Pocfratio
Cash Per Share	+ 0.96	Price To Sales Ratio
Cash Per Share	+ 0.96	Book Value Per Share

Days Payables Outstanding	- 0.97	Payables Turnover
Pfcf Ratio	- 0.96	Free Cash Flow Yield
Income Quality	- 0.95	Free Cash Flow Per Share
Income Quality	- 0.94	Operating Cash Flow Per Share
Capex To Operating Cash Flow	- 0.94	Book Value Per Share
Capex To Operating Cash Flow	- 0.93	Ev To Sales