Altair Engineering Inc
Altair Engineering Inc., together with its subsidiaries, develops and offers software and cloud solutions in the areas of simulation, high-performance computing, data analytics, and artificial intelligence in the United States and internationally. It operates through two segments, Software and Client Engineering Services. The Software segment offers solvers and optimization technology products, h… Read more
Altair Engineering Inc (ALTR) - Net Assets
Latest net assets as of December 2024: $857.19 Million USD
Based on the latest financial reports, Altair Engineering Inc (ALTR) has net assets worth $857.19 Million USD as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.45 Billion) and total liabilities ($588.46 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $857.19 Million |
| % of Total Assets | 59.29% |
| Annual Growth Rate | N/A |
| 5-Year Change | 125.95% |
| 10-Year Change | N/A |
| Growth Volatility | 119.8 |
Altair Engineering Inc - Net Assets Trend (2015–2024)
This chart illustrates how Altair Engineering Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Altair Engineering Inc (2015–2024)
The table below shows the annual net assets of Altair Engineering Inc from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $857.19 Million | +20.50% |
| 2023-12-31 | $711.33 Million | +24.85% |
| 2022-12-31 | $569.74 Million | -7.21% |
| 2021-12-31 | $613.98 Million | +61.84% |
| 2020-12-31 | $379.37 Million | +6.25% |
| 2019-12-31 | $357.06 Million | +23.49% |
| 2018-12-31 | $289.13 Million | +359.36% |
| 2017-12-31 | $62.94 Million | +281.64% |
| 2016-12-31 | $-34.65 Million | +17.57% |
| 2015-12-31 | $-42.04 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Altair Engineering Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 3907300000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $9.00K | 0.00% |
| Other Comprehensive Income | $-37.28 Million | -4.35% |
| Other Components | $1.01 Billion | 117.92% |
| Total Equity | $857.19 Million | 100.00% |
Altair Engineering Inc Competitors by Market Cap
The table below lists competitors of Altair Engineering Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Capstone Mining Corp
TO:CS
|
$5.36 Billion |
|
GALDERMA GROUP AG
NYSE:GALDY
|
$5.37 Billion |
|
SGH Ltd
AU:SGH
|
$5.37 Billion |
|
Federal Home Ln Mtg
OTCQB:FMCKM
|
$5.38 Billion |
|
Porsche Automobil Holding SE
PINK:POAHF
|
$5.36 Billion |
|
Enphase Energy Inc
NASDAQ:ENPH
|
$5.36 Billion |
|
Pidilite Industries Limited
NSE:PIDILITIND
|
$5.36 Billion |
|
Balchem Corporation
NASDAQ:BCPC
|
$5.36 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Altair Engineering Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 711,331,000 to 857,189,000, a change of 145,858,000 (20.5%).
- Net income of 14,175,000 contributed positively to equity growth.
- Other comprehensive income decreased equity by 14,972,000.
- Other factors increased equity by 146,655,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $14.18 Million | +1.65% |
| Other Comprehensive Income | $-14.97 Million | -1.75% |
| Other Changes | $146.66 Million | +17.11% |
| Total Change | $- | 20.50% |
Book Value vs Market Value Analysis
This analysis compares Altair Engineering Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 10.97x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | $-0.84 | $111.85 | x |
| 2016-12-31 | $-0.69 | $111.85 | x |
| 2017-12-31 | $1.20 | $111.85 | x |
| 2018-12-31 | $3.86 | $111.85 | x |
| 2019-12-31 | $4.99 | $111.85 | x |
| 2020-12-31 | $5.18 | $111.85 | x |
| 2021-12-31 | $8.06 | $111.85 | x |
| 2022-12-31 | $7.17 | $111.85 | x |
| 2023-12-31 | $8.83 | $111.85 | x |
| 2024-12-31 | $10.19 | $111.85 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Altair Engineering Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 1.65%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.13%
- • Asset Turnover: 0.46x
- • Equity Multiplier: 1.69x
- Recent ROE (1.65%) is above the historical average (-16.67%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 0.00% | 3.72% | 1.33x | 0.00x | $15.14 Million |
| 2016 | 0.00% | 3.24% | 1.25x | 0.00x | $13.63 Million |
| 2017 | -157.93% | -29.82% | 1.16x | 4.57x | $-105.70 Million |
| 2018 | 4.74% | 3.46% | 0.82x | 1.67x | $-15.20 Million |
| 2019 | -2.11% | -1.64% | 0.62x | 2.08x | $-43.25 Million |
| 2020 | -2.77% | -2.23% | 0.57x | 2.19x | $-48.44 Million |
| 2021 | -1.43% | -1.65% | 0.46x | 1.89x | $-70.19 Million |
| 2022 | -7.62% | -7.59% | 0.47x | 2.11x | $-100.40 Million |
| 2023 | -1.25% | -1.46% | 0.45x | 1.92x | $-80.06 Million |
| 2024 | 1.65% | 2.13% | 0.46x | 1.69x | $-71.54 Million |
Industry Comparison
This section compares Altair Engineering Inc's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $679,817,884
- Average return on equity (ROE) among peers: -17.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Altair Engineering Inc (ALTR) | $857.19 Million | 0.00% | 0.69x | $5.36 Billion |
| Abaxx Technologies Inc (ABXXF) | $42.03 Million | -128.66% | 0.23x | $201.28 Million |
| Acceleware Ltd (ACWRF) | $849.93K | -14.47% | 0.09x | $8.62 Million |
| Adobe Systems Incorporated (ADBE) | $1.10 Billion | 24.20% | 0.41x | $103.05 Billion |
| Adcore Inc (ADCOF) | $1.19 Million | -17.83% | 0.01x | $3.03 Million |
| ADEIA CORP (ADEA) | $572.18 Million | 12.20% | 0.08x | $2.45 Billion |
| Automatic Data Processing Inc (ADP) | $5.32 Billion | 25.04% | 3.76x | $84.01 Billion |
| Autodesk Inc (ADSK) | $-256.00 Million | 0.00% | 0.00x | $48.93 Billion |
| Allied Security Innovations Inc (ADSV) | $-2.61 Million | 0.00% | 0.00x | $0.96 |
| AudioEye Inc (AEYE) | $17.60 Million | -71.80% | 0.67x | $49.81 Million |
| Affinity Networks Inc (AFFN) | $-470.19K | 0.00% | 0.00x | $0.93 |