The thesis for investing in Alten is that it is cheap and undervalued based on its financials.
Paris-listed Alten is a mid-cap technology consulting company. Alten specialises in engineering and IT services and has a global presence in over 30 countries. The company describes itself as a “leading technological partner” for major industrial clients and has developed a complementary and historical positioning in IT services to provide multisectoral solutions to clients. This enables it to cover the entire product development cycle on technological projects, implying a significant footprint along the value chain.
