Description

Altair Engineering: Initiation Of Coverage – Expanded Product Offerings & 3 Key Growth Catalysts!

This is our first report on software provider, Altair Engineering. The fourth quarter of 2023 carried positive momentum for the company with record quarterly and full-year revenue of $171.5 million and $612.7 million respectively. The company also improved on profitability with a 38.3% year-over[1]year increase in Q4 adjusted Earnings Before Interest, Tax, Depreciation, and Amortization (EBITDA) to $53.6 million and an annual growth of 19% to $129.1 million. Growth in revenue and profitability was driven by strong performance in software product sales.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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