Overall ALTM gets a fundamental rating of 4 out of 10. We evaluated ALTM 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. ALTM is quite expensive at the moment. It does show a decent growth rate.

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1. Profitability

2. Health

3. Growth

4. Valuation

5. Dividend

1. Profitability

1.1 Basic Checks

ALTM had positive earnings in the past year.
ALTM had a negative operating cash flow in the past year.
ALTM had positive earnings in 4 of the past 5 years.
ALTM had a positive operating cash flow in 4 of the past 5 years.

1.2 Ratios

With a Return On Assets value of 1.01%, ALTM perfoms like the industry average, outperforming 47.06% of the companies in the same industry.
With a Return On Equity value of 1.65%, ALTM perfoms like the industry average, outperforming 45.88% of the companies in the same industry.
ALTM has a Return On Invested Capital of 2.86%. This is in the lower half of the industry: ALTM underperforms 63.53% of its industry peers.
The Average Return On Invested Capital over the past 3 years for ALTM is above the industry average of 6.11%.
The 3 year average ROIC (8.50%) for ALTM is well above the current ROIC(2.86%). The reason for the recent decline needs to be investigated.

		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 better Profit Margin (10.24%) than 88.24% of its industry peers.
In the last couple of years the Profit Margin of ALTM has declined.
ALTM's Operating Margin of 36.16% is amongst the best of the industry. ALTM outperforms 96.47% of its industry peers.
In the last couple of years the Operating Margin of ALTM has grown nicely.
The Gross Margin of ALTM (49.37%) is better than 92.94% of its industry peers.
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

Operating and Profit Margin

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2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so ALTM is still 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.
With an excellent Debt to Equity ratio value of 0.11, ALTM belongs to the best of the industry, outperforming 83.53% of the companies in the same industry.

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

ROIC/WACC0.4

WACC7.06%

2.3 Liquidity

A Current Ratio of 1.09 indicates that ALTM should not have too much problems paying its short term obligations.
The Current ratio of ALTM (1.09) is worse than 83.53% of its industry peers.
A Quick Ratio of 0.56 indicates that ALTM may have some problems paying its short term obligations.
ALTM's Quick ratio of 0.56 is on the low side compared to the rest of the industry. ALTM is outperformed by 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.
The earnings per share for ALTM have been decreasing by -77.97% on average. This is quite bad
Looking at the last year, ALTM shows a quite strong growth in Revenue. The Revenue has grown by 14.20% in the last year.
Measured over the past years, ALTM shows a very strong growth in Revenue. The Revenue has been growing by 21.01% on average per year.

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

ALTM is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 53.89% yearly.
ALTM is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 16.62% yearly.

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

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.

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4. Valuation

4.1 Price/Earnings Ratio

ALTM is valuated quite expensively with a Price/Earnings ratio of 44.92.
Based on the Price/Earnings ratio, ALTM is valued a bit more expensive than the industry average as 65.88% of the companies are valued more cheaply.
ALTM is valuated expensively when we compare the Price/Earnings ratio to 28.87, which is the current average of the S&P500 Index.
ALTM is valuated quite expensively with a Price/Forward Earnings ratio of 40.34.
Compared to the rest of the industry, the Price/Forward Earnings ratio of ALTM indicates a slightly more expensive valuation: ALTM is more expensive than 68.24% of the companies listed in the same industry.
ALTM is valuated expensively when we compare the Price/Forward Earnings ratio to 25.96, 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

Based on the Enterprise Value to EBITDA ratio, ALTM is valued a bit more expensive than the industry average as 62.35% of the companies are valued more cheaply.

		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 an expensive valuation of the company.
The decent profitability rating of ALTM 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.