Paris-listed Alten is part of the top 10 stocks for The Edge Singapore’s Global Virtual Portfolio for this year.
The company reported its FY2024 results on Feb 20, and similar to the market reaction for Audinate Group (see Issue 1177), its share price exceeded the intrinsic value that we ascribed to the company. Alten’s share price reached a high of EUR100.10 ($140) on Feb 21 and traded at EUR90.9 as of Feb 21’s close. Our fair value for the company previously was EUR95.9 and our revised valuation for Alten is EUR97.7. Chart 1 and Chart 2 illustrate the updated valuation overview and its current price to intrinsic value, respectively.
