ALTM gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 83 industry peers in the Chemicals industry. ALTM has a medium profitability rating, but doesn't score so well on its financial health evaluation. While showing a medium growth rate, ALTM is valued expensive at the moment.

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1. Profitability

2. Health

3. Growth

4. Valuation

5. Dividend

1. Profitability

1.1 Basic Checks

In the past year ALTM was profitable.
ALTM had a negative operating cash flow in the past year.
Of the past 5 years ALTM 4 years were profitable.
ALTM had a positive operating cash flow in 4 of the past 5 years.

1.2 Ratios

ALTM has a Return On Assets of 1.01%. This is comparable to the rest of the industry: ALTM outperforms 47.06% of its industry peers.
Looking at the Return On Equity, with a value of 1.65%, ALTM is in line with its industry, outperforming 45.88% of the companies in the same industry.
ALTM's Return On Invested Capital of 2.86% is on the low side compared to the rest of the industry. ALTM is outperformed by 63.53% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for ALTM is above the industry average of 6.11%.
The last Return On Invested Capital (2.86%) for ALTM is well below the 3 year average (8.50%), which needs to be investigated, but indicates that ALTM had better years and this may not be a problem.

		Industry Rank	Sector Rank
ROA	1.01%
ROE	1.65%
ROIC	2.86%

ROA(3y)8.14%

ROA(5y)4.55%

ROE(3y)13.03%

ROE(5y)7.26%

ROIC(3y)8.5%

ROIC(5y)N/A

1.3 Margins

ALTM has a Profit Margin of 10.24%. This is amongst the best in the industry. ALTM outperforms 88.24% of its industry peers.
In the last couple of years the Profit Margin of ALTM has declined.
With an excellent Operating Margin value of 36.16%, ALTM belongs to the best of the industry, outperforming 96.47% of the companies in the same industry.
ALTM's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 49.37%, ALTM belongs to the top of the industry, outperforming 92.94% of the companies in the same industry.
ALTM's Gross Margin has improved in the last couple of years.

		Industry Rank	Sector Rank
OM	36.16%
PM (TTM)	10.24%
GM	49.37%

OM growth 3Y339.85%

OM growth 5Y12.09%

PM growth 3Y315.53%

PM growth 5Y-4.55%

GM growth 3Y27%

GM growth 5Y9.04%

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ROA

ROE

ROIC

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2. Health

2.1 Basic Checks

ALTM has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
Compared to 1 year ago, ALTM has more shares outstanding
The number of shares outstanding for ALTM has been increased compared to 5 years ago.
ALTM has a worse debt/assets ratio than last year.

2.2 Solvency

Based on the Altman-Z score of 1.29, we must say that ALTM is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.29, ALTM is doing worse than 68.24% of the companies in the same industry.
ALTM has a Debt/Equity ratio of 0.11. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of ALTM (0.11) is better than 83.53% of its industry peers.

		Industry Rank	Sector Rank
Debt/Equity	0.11
Debt/FCF	N/A
Altman-Z	1.29

ROIC/WACC0.4

WACC7.06%

2.3 Liquidity

ALTM has a Current Ratio of 1.09. This is a normal value and indicates that ALTM is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.09, ALTM is doing worse than 83.53% of the companies in the same industry.
A Quick Ratio of 0.56 indicates that ALTM may have some problems paying its short term obligations.
The Quick ratio of ALTM (0.56) is worse than 83.53% of its industry peers.

		Industry Rank	Sector Rank
Current Ratio	1.09
Quick Ratio	0.56

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WACC

Debt/Equity

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Altman-Z score

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3. Growth

3.1 Past

The earnings per share for ALTM have decreased strongly by -94.56% in the last year.
ALTM shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -77.97% yearly.
Looking at the last year, ALTM shows a quite strong growth in Revenue. The Revenue has grown by 14.20% in the last year.
ALTM shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 21.01% yearly.

EPS 1Y (TTM)-94.56%

EPS 3YN/A

EPS 5Y-77.97%

EPS Q2Q%-97.06%

Revenue 1Y (TTM)14.2%

Revenue growth 3Y33.84%

Revenue growth 5Y21.01%

Sales Q2Q%58.97%

3.2 Future

The Earnings Per Share is expected to grow by 53.89% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 16.62% on average over the next years. This is quite good.

EPS Next Y11.36%

EPS Next 2Y51.71%

EPS Next 3Y62.79%

EPS Next 5Y53.89%

Revenue Next Year15.71%

Revenue Next 2Y16.95%

Revenue Next 3Y27.33%

Revenue Next 5Y16.62%

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.

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4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 44.92, the valuation of ALTM can be described as expensive.
ALTM's Price/Earnings ratio is a bit more expensive when compared to the industry. ALTM is more expensive than 65.88% of the companies in the same industry.
When comparing the Price/Earnings ratio of ALTM to the average of the S&P500 Index (28.30), we can say ALTM is valued expensively.
With a Price/Forward Earnings ratio of 40.34, ALTM can be considered very expensive at the moment.
68.24% of the companies in the same industry are cheaper than ALTM, based on the Price/Forward Earnings ratio.
ALTM is valuated expensively when we compare the Price/Forward Earnings ratio to 25.57, which is the current average of the S&P500 Index.

		Industry Rank	Sector Rank
PE	44.92
Fwd PE	40.34

4.2 Price Multiples

ALTM's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. ALTM is more expensive than 62.35% of the companies in the same industry.

		Industry Rank	Sector Rank
P/FCF	N/A
EV/EBITDA	14.62

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates ALTM does not grow enough to justify the current Price/Earnings ratio.
ALTM has a very decent profitability rating, which may justify a higher PE ratio.
ALTM's earnings are expected to grow with 62.79% in the coming years. This may justify a more expensive valuation.